Canada’s annual inflation rate slowed to 2.8 per cent in June, down from 3.2 per cent in May, largely because of lower gasoline prices, according to Statistics Canada. The federal agency said a decline in fuel prices helped ease overall inflation pressures. Grocery prices also continued to rise, but at a slower pace, increasing 3.9 per cent year over year in June compared with 4.3 per cent in May. Despite the slowdown, grocery inflation remained above the overall inflation rate for a 17th consecutive month, highlighting the continued impact of higher food costs on Canadian households. The Ba

Alberta NDP Leader Naheed Nenshi says he will seek election in a Calgary constituency in the 2027 provincial election, ending his plan to seek re-election in Edmonton-Strathcona. In a letter released Thursday to constituents in Edmonton-Strathcona, Nenshi said he remains grateful to represent the riding but wants to return to the city where he grew up and spent much of his professional and political career, including 11 years as Calgary's mayor. He also said the Alberta NDP must win more seats in Calgary if it hopes to form government. Nenshi said he has not yet selected a Calgary riding becau

Prime Minister Mark Carney has announced a $2 billion investment to purchase 190 new armoured vehicles for the Canadian Army as part of a four-year procurement plan aimed at strengthening the military's operational capabilities and supporting Canada's domestic defence industry. Carney confirmed the agreement during a visit Thursday to the General Dynamics Land Systems–Canada facility in London, Ont. According to the federal government, the new vehicles will increase the Army's armoured fleet to 550. The Prime Minister said all 190 vehicles will be manufactured at the company's Ontario facili

The federal government says it will not accept any new applications this year under Canada's Parents and Grandparents Program as it works to reduce processing times and manage a large backlog of existing files. According to Immigration, Refugees and Citizenship Canada (IRCC), approximately 60,500 sponsorship applications are currently being processed. The department said it expects to approve about 15,000 parents and grandparents each year over the next two years from applications already in the system. IRCC said the temporary pause is intended to improve processing efficiency. The department

The Bank of Canada has kept its benchmark interest rate unchanged at 2.25 per cent following its latest monetary policy decision on Wednesday, marking the sixth consecutive announcement with no change to the policy rate. According to the Bank of Canada, the Governing Council, led by Governor Tiff Macklem, decided to maintain the current rate amid ongoing uncertainty surrounding global economic conditions. The central bank cited volatility in global oil prices linked to tensions in the Middle East and continued uncertainty over the Canada–United States–Mexico Agreement (CUSMA) as factors in

Canada Post awarded nearly $30 million in performance-based bonuses to executives and managers for 2025 despite reporting its largest annual financial loss on record. According to the Crown corporation's financial results, Canada Post posted a pre-tax loss of $1.57 billion in 2025. The disclosure comes after the federal government approved $673 million in financial support for the Crown corporation as it continues to face mounting financial pressures. The bonus payments have drawn criticism amid ongoing concerns about the organization's long-term financial sustainability. The Canadian Taxpayer

One of Prime Minister Mark Carney's key staffers says he'll be stepping away from his role as he considers running for a seat in Parliament. Braeden Caley, Carney’s deputy chief of staff, thanked the prime minister in a letter posted to social media for what he called "the honour of a lifetime." A forthcoming byelection in British Columbia will see the seat for North Vancouver—Capilano in Caley's home province up for grabs. The riding had been held by former cabinet minister Jonathan Wilkinson, who resigned this spring to become Canada's ambassador to the European Union. North Vancouver=Ca

Canada's labour market posted a net gain of 18,200 jobs in June, while the national unemployment rate declined to 6.5 per cent, according to Statistics Canada's Labour Force Survey released Friday. The increase follows a stronger gain of 87,800 jobs recorded in May. According to Statistics Canada, employment growth in June was driven primarily by the services sector and part-time work. The largest job gains were reported in wholesale and retail trade, as well as accommodation and food services, with younger workers benefiting the most from the hiring. Manufacturing continued to face pressure a

Foreign Affairs Minister Anita Anand says Iran's recent attacks on commercial vessels in and around the Strait of Hormuz are "unacceptable" and "unjustified," as tensions continue to rise across the Persian Gulf. Speaking to reporters in Jeddah on Thursday after meeting with Saudi Arabia's foreign minister, Anand said Canada stands with Gulf countries facing escalating regional security threats. She said that while ceasefires are often fragile, attacks on civilian shipping cannot be justified. According to Anand, the latest violence follows renewed military exchanges between the United States