The Bank of Canada has presented two possible scenarios instead of precise economic forecasts for the first time since COVID, one of which predicts a deep recession and a possible increase in inflation in Canada. The bank’s first scenario assumes that if tariffs are withdrawn through negotiations, the economy will only stagnate in the second quarter, after which it will gradually grow back. But the second scenario is that if the trade war lasts longer, the Canadian economy will go into recession for a year and inflation will rise to 3.5 per cent by mid-2026. Governor Tiff McCallum said that

Nearly $7 billion in Canadian pharmaceutical exports to the United States could soon be hit by new tariffs, as the White House launches an investigation into the entire pharmaceutical supply chain. The move places Canadian pharmaceutical products at risk of being included in a sweeping round of trade measures. Pharmaceuticals, along with automobiles and electronics, are among the top U.S. imports now facing potential tariffs. US President Donald Trump recently signaled aggressive action, stating that tariffs on pharmaceuticals will reach levels "you've never seen before." In addition to pharm

The Green Party has been disqualified from participating in the federal leaders' debates scheduled for today and tomorrow, ahead of Canada’s April 28 election. The decision was made by the Leaders' Debate Commission, the government agency responsible for organizing the French and English debates. According to the commission, the Green Party failed to meet the minimum participation requirements. The party reportedly reduced the number of its candidates contesting the federal election, thereby falling short of the eligibility criteria. The Green Party initially submitted a list of 343 candida

Canadians will not see any further cuts in loan rates, as the Bank of Canada has decided to keep interest rates unchanged amid uncertainty stemming from U.S. President Donald Trump's ongoing tariff war. The central bank’s benchmark interest rate remains steady at 2.75 percent. Previously, the Bank of Canada had reduced rates seven consecutive times, with the most recent cut of 0.25 percentage points taking place on March 12. Following that reduction, major banks including the Royal Bank of Canada, Canadian Imperial Bank of Commerce, National Bank of Canada, and Toronto-Dominion Bank lowered

Liberal Leader Mark Carney's French language skills will be put to the test, and Conservative Leader Pierre Poilievre will seek to turn his numbers around, when the five main federal party leaders square off in Montreal tonight in the first of two debates ahead of election day on April 28. The two-hour French-language debate will be moderated by Radio-Canada's Patrice Roy and will focus on five themes: the cost of living, energy and climate, the trade war, identity and sovereignty, and immigration and foreign affairs. NDP Leader Jagmeet Singh and Bloc Québécois Leader Yves-François Blanche

Police in Edmonton are issuing a warning to the public about a convicted sex offender. They say Robert Edward Ventress is set to be released from jail after serving his sentence, but officials believe he could commit another offence. The 55-year-old is subject to a court order with multiple conditions. Ventress is about 6 feet tall and weighs about 170 pounds. His eye color is green and hair is brown. Police say he has a history of sexual offences, child pornography and failure to comply with court conditions, so people are to call them with any concerns about him when he is released.

The United States has once again stirred controversy over Canadian sovereignty. During a press briefing today, White House Press Secretary Karoline Leavitt stated that President Trump's position on Canada has not changed. Leavitt reaffirmed that Trump continues to believe Canada would benefit from becoming the 51st state of the United States, a long-standing and provocative view that has drawn sharp criticism in Canada. The comment came in response to a journalist's question asking whether the President had stopped referring to Canada as the 51st state, particularly since the Canadian electio

Honda Canada has firmly denied reports suggesting that it plans to move vehicle production from Canada to the United States. The company confirmed that its manufacturing facility in Alliston, Ontario, is operating at full capacity and that no production changes are currently being considered. The denial comes in response to a report by a Japanese newspaper, which claimed that Honda was considering shifting parts of its car production from Mexico and Canada to the U.S. to avoid tariffs linked to U.S. President Donald Trump’s trade policies. According to the report, the move was aimed at ensu

During an election campaign event in Montreal today, Liberal Party Leader Mark Carney sharply criticized U.S. President Donald Trump, accusing him of destabilizing the global trading system and harming the global economy. Carney stated that the United States can no longer be relied upon as a stable economic leader. In response, he called on like-minded nations to join Canada in reshaping the international trade landscape, positioning Canada as a potential leader in this effort. In a related move, the Carney-led government has announced relief measures for Canadian businesses affected by ongoi