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

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

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

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

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

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

Canada's Deputy Prime Minister and Finance Minister, Chrystia Freeland, has scheduled the release of the Fall Economic Statement for December 16. Commonly referred to as a "mini-budget," it outlines the government's fiscal direction. The statement will detail fiscal priorities for 2025, following recent announcements on GST exemptions, immigration caps, and increased NATO spending outside the 2024 budget framework. These measures are expected to impact the overall budget outlook. Opposition leader Pierre Poilievre has accused the government of delaying the statement to hide a potential breach

Cancer patients in Canada are facing significant out-of-pocket expenses, according to the Canadian Cancer Society. While hospital costs such as surgery and chemotherapy are covered by the government, the average cancer patient still pays about $33,000 over the course of their lifetime. These costs include out-of-pocket expenses for prescribed medications, transportation to and from the hospital, accommodation, and lost income during treatment. Physicians and health policy experts note that these financial burdens make coping with the disease even more difficult. The report estimates that in 20

Donald Trump revealed his agenda in an interview with a TV channel. He stated that after taking the oath as President of the United States, he plans to end birthright citizenship, a policy that grants U.S. citizenship to children born on American soil, regardless of their parents' nationality. Trump emphasized that he would work to abolish birthright citizenship and reiterated his stance on deporting illegal immigrants currently residing in the United States. Additionally, he mentioned that he would take steps to pardon individuals involved in the January 6th Capitol riot once he becomes Presi