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text-of-the-bank-of-canadas-latest-interest-rate-decision
CanadaDec 11, 2024

Text of the Bank of Canada's latest interest rate decision

The Bank of Canada cut its key policy rate by 50 basis points on Wednesday to take it to 3.25 per cent. Here is the text of the central bank's decision: The Bank of Canada today reduced its target for the overnight rate to 3.25 per cent, with the Bank Rate at 3.75 per cent and the deposit rate at 3.25 per cent. The Bank is continuing its policy of balance sheet normalization. The global economy is evolving largely as expected in the Bank’s October Monetary Policy Report (MPR). In the United States, the economy continues to show broad-based strength, with robust consumption and a solid labour
trudeau-highlights-kamala-harris-presidential-defeat-as-an-attack-on-womens-progress
CanadaDec 11, 2024

Trudeau highlights Kamala Harris presidential defeat as an attack on women's progress

Prime Minister Justin Trudeau says women's rights and women's progress is under attack, pointing to the recent defeat of U.S. presidential candidate Kamala Harris as an example. Speaking on Tuesday night at an event hosted by the Equal Voice Foundation — an organization dedicated to improving gender representation in Canadian politics — Trudeau said there are regressive forces fighting against women's progress. "It shouldn't be that way. It wasn't supposed to be that way. We were supposed to be on a steady, if difficult sometimes, march towards progress," Trudeau said, adding he is a pro
premiers-to-meet-with-trudeau-wednesday-about-trade-and-tariffs-ford-says
CanadaDec 10, 2024

Premiers to meet with Trudeau Wednesday about trade and tariffs, Ford says

Ontario Premier Doug Ford says the country's premiers are meeting virtually Wednesday with the prime minister to discuss the threat of U.S. tariffs on Canadian imports. It comes two weeks after the premiers' last meeting with Justin Trudeau, where they discussed how to respond to U.S. president-elect Donald Trump's warning that he will impose a 25 per cent tariff on goods from Canada and Mexico when he takes office next month. Ford says the federal government promised to present a plan to the premiers for their approach to negotiations with Trump and his officials. Ford says he hopes the plan
canadians-may-get-relief-on-interest-rates
CanadaDec 10, 2024

Canadians May Get Relief on Interest Rates

Canadians may see some relief on interest rates as the Bank of Canada is expected to cut rates on Wednesday. However, experts have warned that if the central bank makes a significant cut, as many in the market anticipate, the already weakening Canadian dollar could fall further. The Bank of Canada is widely expected to reduce its benchmark interest rate for the fifth consecutive time tomorrow. The current rate stands at 3.75 percent, and many economists are predicting a 50-basis-point (or half a percentage point) cut. This expectation of a substantial rate cut has grown following last month's
conservatives-third-attempt-to-topple-trudeaus-minority-government-fails
CanadaDec 10, 2024

Conservatives' Third Attempt to Topple Trudeau's Minority Government Fails

Canada's main opposition, the Conservatives, have failed in their third and latest attempt to topple Prime Minister Justin Trudeau's minority government. The NDP, which supports the Liberal minority government, blocked the Conservatives' no-confidence motion. NDP Leader Jagmeet Singh had previously made it clear that although the Conservatives' motion was based on his words, his party would not fall for their tactics and would vote against it. While Singh was not in the House during the vote due to a prior meeting, he participated in the online vote. Meanwhile, MPs also voted on an NDP motion
freeland-doesnt-commit-to-meeting-her-own-deficit-target-in-fall-economic-statement
CanadaDec 10, 2024

Freeland doesn't commit to meeting her own deficit target in fall economic statement

Finance Minister Chrystia Freeland is not committing to meeting the $40.1-billion deficit target she set for the government last year. Freeland says she expects the fall economic statement, which she will present on Dec. 16, will show a declining debt-to-GDP ratio. When asked if she would also meet her deficit target, Freeland wouldn't answer, saying she chose her words "carefully." The finance minister announced a set of fiscal guardrails last fall in response to pressure from the Bank of Canada and economists to avoid fuelling inflation with too much spending. Freeland now appears to be ditc
canada-post-strike-on-day-26-as-union-sends-new-proposals
CanadaDec 10, 2024

Canada Post strike on day 26 as union sends new proposals

With the Canada Post strike nearing four weeks, the postal service says it doesn't see an end in sight. On Monday, the Canadian Union of Postal Workers sent over its latest list of proposals, which include wage gains and job protections. But Canada Post said in a statement that the proposals don't bring the two sides any closer together in a dispute that's brought millions of deliveries to a halt. Despite calls for the government to intervene, Prime Minister Justin Trudeau said Monday that the government is putting pressure on the two sides to reach an agreement. One of the key issues in barga
lgbtq-groups-pushing-for-speedy-court-process-halt-to-alberta-transgender-bill
CanadaDec 10, 2024

LGBTQ+ groups pushing for speedy court process, halt to Alberta transgender bill

L-G-B-T-Q advocate organizations say they're working as quickly as possible to ask a court to stop the government from bringing into force an Alberta law they say will cause immediate harm. The law will ban doctors from providing gender-affirming treatment such as puberty blockers and hormone therapy for those under 16. Bennett Jensen of Egale (EE'-gal) Canada, says along with Skipping Stone and five Alberta families, they will call for an injunction to protect young people's access to health care while the courts decide whether the law is constitutional. In documents filed with the Court of
canada-may-tighten-border-security-with-1-billion-investment
CanadaDec 09, 2024

Canada May Tighten Border Security with $1 Billion Investment

Crossing the Canada-US border could soon become more challenging, as the Trudeau government considers a major investment to enhance border security. This move aims to address incoming U.S. President Donald Trump’s concerns about illegal crossings and mitigate the risk of tariffs on Canadian imports. Sources suggest the government may allocate over $1 billion for increased surveillance at the border. The proposal, which includes various measures, is expected to be presented to the federal cabinet soon. During a press conference in Ottawa, Treasury Board President Anita Anand confirmed the go

Just In

BCSep 04, 2025

Building up Surrey with 1,000 new student seats on the way

Surrey’s ongoing infrastructure expansion continues with Clayton Heights Secondary adding 1,000 new student seats for families. “At our house, back-to-school is a time of excitement and anticipation for our kids and us parents,” said Premier David Eby. “The last thing families need to worry about is whether their kids’ school has enough space. That’s why our government is building, expanding and upgrading a record number of new schools throughout the province, including right here in Surrey. This will help ensure every student in our province has the safe, comfortable and inspiring
two-dead-including-suspect-in-mass-stabbing-on-manitoba-first-nation
CanadaSep 04, 2025

Two dead, including suspect, in mass stabbing on Manitoba First Nation

RCMP say two people, including a suspect, are dead after a mass stabbing at Hollow Water First Nation in Manitoba. They say at least six people are in hospital after the attack this morning in the community 200 kilometres northeast of Winnipeg. Health officials say two victims were airlifted to Winnipeg, while others were taken by ground ambulance. RCMP describe the attack as a ``senseless act of violence. '' They say there is currently no risk to public safety, but officers remain in the community as well as on a highway to the south near Black River First Nation. A code ora
shivraj-singh-chouhan-visits-flood-affected-areas-of-amritsar-district
IndiaSep 04, 2025

Shivraj Singh Chouhan visits flood-affected areas of Amritsar district

Union Agriculture Minister Shivraj Singh Chouhan, who reached Punjab, visited the flood-affected areas of Amritsar district on Thursday. During this, he met the local people and farmers and listened to their problems and took stock of the damage to crops due to flooding in the fields. Apart from Amritsar, Union Minister Chouhan also planned to visit Kapurthala and Gurdaspur districts, after which he was to hold a meeting with the officials in Amritsar. The Union Minister said that I want to assure my farmer brothers and sisters and other flood-affected people that the Central Government is
champagne-says-adjustments-coming-to-the-public-service-as-ottawa-reviews-spending
CanadaSep 04, 2025

Champagne says 'adjustments' coming to the public service as Ottawa reviews spending

Finance Minister Francois Philippe Champagne says ``adjustments'' are coming to the public service as Ottawa looks to trim its spending in the fall budget. Champagne is in the Greater Toronto Area today for the second day of meetings with Prime Minister Mark Carney and the rest of cabinet ahead of Parliament's return in less than two weeks. Champagne says he has received responses from his colleagues to his request earlier this summer for cuts of 15 per cent in day-to-day spending over the next three years. While Canadians will have to wait for the fall budget to see where those c
union-escalates-b-c-public-service-job-action-saying-no-improved-offer-in-sight
BCSep 04, 2025

Union escalates B.C. public service job action, saying no improved offer in sight

The union representing thousands of British Columbia public service workers says it is escalating job action in the dispute. The BC General Employees' Union says pickets are being expanded today to include the Ministry of Finance office in downtown Vancouver. It's the third day of job action by the union after a strike deadline expired on Tuesday morning. The union is seeking improved wages and says there's no indication the provincial government's Public Service Agency is willing to get back to negotiations with an improved offer. The BCGEU, which represents about 34,000 public service worker