Financial

Economy grew at 2.6% annualized rate in final quarter of 2024, StatCan says

The Canadian economy outpaced expectations in the final quarter of the year, Statistics Canada said Friday, thanks largely to a surge in household spending. Real gross domestic product rose 2.6 per...

Countdown to tariffs: how much is it going to cost you?

In today's The Big Story podcast, it’s less than a week to go before U.S. President Donald Trump has promised to put a 25 per cent tariff on all Canadian goods. After that happens, the Government...
Credits to remember and errors to avoid as tax filing season gets underway

It’s the time of the year again to gather your receipts and hope for a big refund. The official opening of tax-filing season gets underway with electronic filing service Netfile set to open on Monday. When...
Trade war would wipe out economic growth while pushing inflation higher: Tiff Macklem

U.S. tariffs and Canada's retaliation to them would have a devastating effect on the economy, pulling growth down while reigniting inflation, said Bank of Canada governor Tiff Macklem. "A new crisis...
Implementing guaranteed basic income could cut poverty rates up to 40%, PBO says

OTTAWA — The government's fiscal watchdog says a guaranteed basic income program at the federal level could cut poverty rates in Canada by up to 40 per cent. In a new report, the parliamentary budget...
Explaining supply management and why Trump is holding it against us

It sounds duller than watching paint dry, but an issue called "supply management" is one of the key factors in U.S. President Donald Trump's tariff decision. Trump has criticized Canada's protected...
The communities that will be hit hardest by U.S. tariffs

In today's The Big Story podcast, President Donald Trump's threats of massive tariffs on Canadian goods has sparked a lot of fear about what a trade war would mean for our country. Economists predict...
White House says 25 per cent steel tariffs would stack on others, as premiers in D.C.

WASHINGTON — U.S. President Donald Trump's planned 25 per cent tariffs on steel and aluminum imports would be stacked on top of other levies on Canadian goods, says a White House official who confirmed...
Did Donald Trump do us a favour?

We're seeing a rise in Canadian pride generally only seen during the Olympics. The ‘Buy Canadian’ movement continues to gather steam – brought on by the threat of U.S. tariffs. Host Kris McCusker...
Prime Minister Trudeau will host a Canada-U.S. summit amid threat of Trump tariffs

Prime Minister Justin Trudeau will host a Canada-U.S. economic summit in Toronto on Friday, days after President Donald Trump said he would hold off on his threatened tariffs against Canada for a month. The...