Alberta Premier Danielle Smith will announce a new provincial fund today. Her government says it will increase the Heritage Savings Trust Fund from $250 billion to $400 billion by 2050. Finance Minister Nate Horner will also be in Calgary with her. Smith’s government has promised to cut interest on the province’s general revenue each year and increase investment. The fund was started in 1976 by former Premier Peter Lougheed to set aside revenue, but successive governments have begun to withdraw money from it. It was valued at $23.4 billion as of September, and Horner has promised to add $

The issue of Trump’s tariffs has begun to resonate in the Ontario legislative elections. Former Premier and Ontario Progressive Conservative Party leader Doug Ford made tariffs a focal point and also criticized Trump during his first rally in Windsor today. Ford told Ontarians that to confront Trump's threat, they need the strongest majority in Ontario's history. He emphasized that the bigger the mandate given to him, the better he will be able to protect the province. It is important to note that in Ontario, four major parties are contesting the elections, including Ford's Progressive Cons

Surrey Mayor Brenda Locke has warned of the potential impact tariffs could have on the city. According to the mayor, more than 20 percent of Surrey’s businesses engage in direct trade with the U.S., valued at approximately $2.8 billion annually. She stated that if President Donald Trump moves forward with a 25 percent tariff on Canada, hundreds of local jobs could be at risk, particularly in manufacturing, value-added sectors, and export-oriented businesses. Mayor Locke expressed concern that local truck drivers will be particularly affected, noting that the impact will be immediate, not ju

There is relief news for Canadians as the Bank of Canada has cut interest rates by 0.25 percent on Wednesday, bringing the central bank's key rate to 3 percent from 3.25 percent. This is the 6th consecutive cut in interest rates. In fact, the Bank of Canada has taken this latest step due to the possible tariffs of the United States because there is a fear that the tariffs will damage the economy and the central bank is focusing on managing the economy after controlling inflation. In the last two meetings in October and December, the Bank of Canada had cut interest rates by 0.50 percent both t

Four people have been charged in Calgary after thousands of dollars worth of clothing and merchandise were stolen from a Lululemon store. Police say four people entered the downtown business last Thursday afternoon and left with items worth over six-thousand-dollars. They say witnesses were able to describe the getaway vehicle, which led police to a residence where the suspects were found and the stolen goods recovered. Officers took five people into custody. Police released one of the men after learning that one of them was not involved in the theft. The stolen property has been returned to

Foreign Affairs Minister Mélanie Joly is back in Washington, D.C., today to meet with U.S. Secretary of State Marco Rubio as Canada faces the threat of devastating tariffs landing as early as Saturday. Joly said Monday that she still believes diplomacy can fend off President Donald Trump's plan to slap Canada with 25 per cent across-the-board duties. Joly spoke with Rubio by phone last week and described the new secretary of state as a "good interlocutor." This will be Joly’s fifth visit to the U.S. since last November's presidential election. Joly has met with multiple American lawmakers

The Justice Marie-Josee Hogue Commission, which investigated foreign interference in Canada, released its final report today. The commission dismissed allegations that some Members of Parliament (MPs) were involved in foreign interference to secure success in their election campaigns. Justice Hogue stated that there was no evidence indicating that any MP had conspired with foreign countries against Canadian interests. This finding contrasts with claims made in June, when a committee of MPs and senators suggested that some MPs had deliberately met with foreign representatives to meddle in Cana

The race for the Liberal Party leadership, which will determine Canada’s next prime minister, now features six candidates. After Chandra Arya was dropped from the contest, the party cleared former central banker Mark Carney, former finance minister Chrystia Freeland, Nova Scotia MP Jamie Batiste, former government House leader Karina Gould, former Brampton MP Ruby Dhalla, and former Montreal Liberal MP Frank Baylis. These candidates are awaiting approval from Elections Canada to officially enter the race. Ruby Dhalla, the only Indian-origin candidate, has announced her intention to deport i

US President Donald Trump, during an event in Florida, threatened to impose high tariffs on countries like India, China, and Brazil. He emphasized that it is time for America to return to the economic system that made it rich and powerful. Trump claimed that these countries are pursuing their own interests, which is harming the United States. He stated that the US will increase its wealth by imposing taxes on other countries. He further added that foreign companies seeking to avoid high tariffs must set up their manufacturing plants in the US. Trump also warned American industries about the r