Canada's central bank is set to announce its interest rate decision on Wednesday. The Bank of Canada's meeting comes at a time when the federal election and economic uncertainty exacerbated by U.S. President Donald Trump's shifting tariff policies, have made it difficult to forecast the economic outlook. Financial markets and analysts remain divided on the likely outcome. Some expect the bank to cut interest rates by another 0.25 percentage points on April 16, which would bring its key policy rate down to 2.5%. However, others believe that after seven consecutive rate cuts, the Bank of Canada

Police in Surrey are investigating a hit-and-run collision that killed one child and sent two other children to hospital. Police say the incident happened at about 4:11 p-m on Sunday in the Fraser Heights neighbourhood where three children had been hit by a vehicle. A six-year-old girl died, and a seven-year-old girl and a 16-year-old boy were both taken to hospital with non-life-threatening injuries. Police say the driver of the vehicle was arrested and remains in custody as the investigation continues. Police say the cause of the collision remains unknown, but they believe alcohol may b

NDP Leader Jagmeet Singh has criticized Mark Carney over the ties of Brookfield, the company Carney once headed, to offshore tax havens. Singh expressed concern that Carney may be unwilling to address the issue of offshore tax havens, given that Brookfield has registered entities in tax havens like the Cayman Islands. While acknowledging that such practices are legal, Singh argued that they represent a form of fraud against Canadian investments. He contended that this situation indicates Carney’s decision not to contribute to Canada while managing these funds, leading him to conclude that C

Conservative Leader Pierre Poilievre has expressed concern over the layoffs at General Motors Canada’s Ontario assembly plant and criticized President Donald Trump. Poilievre stated that Trump is betraying America’s closest ally and damaging the Canadian economy. Poilievre emphasized that it is time to reduce Canada’s dependence on the United States and focus on rebuilding the Canadian economy. He mentioned that he had spoken with the president of the union representing workers at the Ingersoll plant and assured him that a Conservative government would protect Canadian auto workers. Poi

Prime Minister Mark Carney has stated that the global economic slowdown is beginning to affect Canada, primarily due to tariffs. He made these remarks following a meeting with his cabinet committee on Canada-US relations in Ottawa today. Carney noted that the meeting focused on identifying early signs of economic deceleration and its potential consequences for Canada. The discussions also included a review of Canada’s response to US-imposed tariffs. The Prime Minister emphasized that the government’s priorities are addressing tariffs, safeguarding the Canadian economy, and exploring new s

The United Nations trade agency has warned that the economic instability caused by U.S. President Donald Trump’s tariffs could have a devastating impact on developing countries. The agency stated that global trade could decrease by 3 to 7 percent, with global GDP potentially falling by 0.7 percent. Pamela Coke-Hamilton, Executive Director of the International Trade Center, emphasized the severity of the situation. She warned that if tensions between China and the United States persist, it could result in an 80 percent reduction in trade between the two nations, with repercussions felt world

As the Canadian election day approaches on April 28, the equations for forming a government are shifting rapidly. According to the latest estimates from Nano Research, Mark Carney’s Liberal Party may once again find itself leading a minority government. The Liberals have experienced a loss of 17 seats compared to last week’s projections. Nano Research’s estimates, prepared on April 6, indicate that if the election were held that day, the Liberals would secure at least 156 seats—a decline from the 173 seats predicted on March 30. During the same period, Pierre Poilievre’s Conservativ

Premier David Eby has instructed government agencies and Crown corporations to explore the possibility of canceling U.S. contracts and purchasing from Canadian companies whenever feasible. Additionally, officials have been directed to cancel non-essential travel to the U.S. and reduce participation in U.S. trade organizations. Eby emphasized that his government is prioritizing Canadian purchases and sourcing from countries other than the U.S., with the goal of reducing reliance on the U.S. This move follows U.S. President Donald Trump's decision to maintain 25 per cent tariffs on Canada while

Amid rising cases of Islamophobia and anti-Semitism in Canada, Liberal Leader Mark Carney has announced that it will be made a criminal offence to intentionally disrupt places of worship, schools, and community centres. Carney emphasized that his government would not allow anyone to disrupt Canadians while they are attending their place of worship, sending their children to school, or visiting community centres. He stated that such actions will be criminalized under his leadership. Additionally, Prime Minister Carney has decided to suspend his election campaign for the third time to address t