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canada-to-allow-30-year-amortization-for-first-time-buyers-mortgages-on-new-homes
CanadaApr 11, 2024

Canada to allow 30-year amortization for first-time buyers' mortgages on new homes

The Canadian government will allow 30-year amortization periods on insured mortgages for first-time homebuyers purchasing newly built homes. Finance Minister Chrystia Freeland made the announcement in Toronto today, saying it would take effect Aug. 1. The Canadian Home Builders' Association has advocated for longer amortization periods, saying five more years would help with affordability and spur more construction. Freeland also said the government will nearly double to $60,000 the amount first-time homebuyers can withdraw from RRSPs to buy a home. That's up from $35,000, to take effect April
prime-minister-justin-trudeau-to-testify-at-foreign-interference-inquiry
CanadaApr 10, 2024

Prime Minister Justin Trudeau to testify at foreign interference inquiry

Prime Minister Justin Trudeau is expected to testify today at an inquiry into foreign meddling in Canada's last two elections. The inquiry has already heard that China and other state actors attempted to interfere, but there has been little evidence so far to indicate whether they were successful. Trudeau has maintained over the last year that foreign interference had no meaningful impact on Canada's free and fair elections, which echoes what senior government officials have told Parliament. Several members of Trudeau's cabinet are also slated to testify, including government House leader Kari
central-bank-to-hold-interest-rate-steady-pm-testifies-at-inquiry
CanadaApr 10, 2024

Central bank to hold interest rate steady? PM testifies at inquiry

Here is a roundup of stories from The Canadian Press designed to bring you up to speed on what you need to know today...BoC expected to hold policy rate at 5% today The Bank of Canada is set to announce its interest rate decision this morning. It's widely expected to maintain its key interest rate at five per cent, but economists will be watching for any hints about the timing of upcoming rate cuts. Forecasters expect the central bank to begin lowering its key rate in June as the economy continues to slow and inflation trends lower. High interest rates have slowed demand in the economy as co
conservative-motion-calls-for-pm-premiers-to-have-emergency-carbon-price-meeting
CanadaApr 09, 2024

Conservative motion calls for PM, premiers to have 'emergency' carbon price meeting

Conservative Leader Pierre Poilievre is challenging Prime Minister Justin Trudeau to defend his carbon pricing policy in a televised "emergency meeting" with the country's premiers. The Conservatives tabled a motion this morning which demands that Trudeau sit down with provincial and territorial leaders within five weeks. MPs are expected to vote on the motion tomorrow. Poilievre says he believes Trudeau is "too scared" to hold the televised meeting because he knows the Liberal government is losing the carbon pricing debate. The Conservatives insist the carbon price is making life less afforda
liberal-government-to-launch-500m-fund-for-youth-mental-health
CanadaApr 09, 2024

Liberal government to launch $500M fund for youth mental health

Ottawa is setting up a $500-million fund to help community health organizations provide more mental health care to young people. Finance Minister Chrystia Freeland is making the announcement in Ottawa alongside other cabinet ministers. During the 2021 election campaign, the Liberals promised a similar fund for post-secondary institutions to help with the mental health of students. The fund marks the latest in a string of campaign-style, pre-budget announcements from the Liberal government. Prime Minister Justin Trudeau says the budget will be focused on young people particularly on helping the
trump-declines-to-endorse-a-national-abortion-ban-and-says-it-should-be-left-to-the-states
CanadaApr 08, 2024

Trump declines to endorse a national abortion ban and says it should be left to the states

Former President Donald Trumpsaid he believesabortionshould be left to the states in a video released Monday morning outlining his position after months of mixed messages and speculation. “Many people have asked me what my position is on abortion and abortion rights," Trump said in the video posted on his Truth Social site. “My view is now that we have abortion where everybody wanted it from a legal standpoint, the states will determine by vote or legislation or perhaps both. And whatever they decide must be the law of the land in this case, the law of the state." Trump, in the video, did
total-solar-eclipse-set-to-fall-over-canada
CanadaApr 08, 2024

Total solar eclipse set to fall over Canada

A total solar eclipse is set to fall over parts of eastern and central Canada today, prompting massive crowds to gather in its path for a chance to catch a glimpse of the rare celestial event.The path of totality, where the sun goes directly behind the moon, will first cross through southwestern Ontario around 3:15 p.m. and move east through Quebec and Atlantic Canada before exiting Newfoundland around 3:45 p.m. eastern time.Cities and towns along the path have braced for their populations to swell with eclipse chasers, with Ontario's Niagara region declaring a preemptive state of emergency.Bu
trudeau-announces-600-million-in-loans-funding-to-jump-start-homebuilding-rentals
CanadaApr 05, 2024

Trudeau announces $600 million in loans, funding to jump-start homebuilding, rentals

The federal Liberal government plans a $600-million package of loans and funding to help make it easier and cheaper to build homes for owners and renters. Prime Minister Justin Trudeau is making the announcement in Calgary, just the latest in a string of pre-budget announcements aimed at winning over younger voters. Trudeau says $50 million will go toward a homebuilding technology and innovation fund, with another $50 million to modernize and expedite construction. An additional $500 million worth of low-cost loans will foster projects with "innovative" construction techniques from prefabricat
td-and-cricket-canada-come-together-for-the-love-of-the-game
CanadaApr 05, 2024

TD and Cricket Canada come together for the love of the game

Cricket Canada and TD Bank Group (TD) announced a new sponsorship marking a significant milestone in Canadian cricket history as TD moves to support the growth and development of cricket locally. This brings together two well-known organizations that are committed to the future growth of Cricket, as well as supporting new community engagement initiatives. Through the sponsorship, TD will be the official bank of Cricket Canada’s National Teams and help build Canada's vibrant cricket-loving community. The sponsorship will help Cricket Canada enhance grassroots development programs and improv

Just In

smith-ford-unveil-proposed-alberta-ontario-oil-pipeline-route-at-calgary-stampede
AlbertaJul 06, 2026

Smith, Ford unveil proposed Alberta–Ontario oil pipeline route at Calgary Stampede

Alberta Premier Danielle Smith and Ontario Premier Doug Ford have unveiled the proposed route for a west-to-east oil pipeline that would transport crude from Alberta to Ontario without crossing into the United States. According to an announcement by the Alberta and Ontario governments, the proposed pipeline would extend approximately 3,300 kilometres from Hardisty, Alta., to refineries in Sarnia, Ont. The Ontario government said the project would have the capacity to move up to 500,000 barrels of crude oil per day and could reduce Canada's reliance on imported refined petroleum products. Smith
canada-seeks-clarity-after-u-s-proposes-annual-cusma-reviews
CanadaJul 06, 2026

Canada seeks clarity after U.S. proposes annual CUSMA reviews

Canada's Minister responsible for Canada–U.S. Trade, Dominic LeBlanc, says the Trump administration's proposal to review the Canada–United States–Mexico Agreement (CUSMA) every year instead of extending it in its current form until 2042 has created significant uncertainty for Ottawa. According to LeBlanc, both Canada and Mexico had sought to maintain the trade agreement for another 16 years to provide long-term certainty for businesses and investors. However, Washington has indicated it is considering substantial changes to the agreement. LeBlanc said he and Mexico's Economy Secretary Ma
WorldJul 06, 2026

Deadly prison clashes in Sri Lanka leave at least 20 dead, more than 100 injured

At least 20 people were killed and more than 100 others injured after violent clashes erupted at a prison in Negombo, north of Sri Lanka's capital, according to local media reports and police. The unrest began Sunday at the prison in Negombo, about 35 kilometres north of Colombo, and continued into Monday. Authorities have not released details on what triggered the violence. According to local television station Hiru, those killed include both inmates and prison officials. The broadcaster also reported that more than 100 people were injured in the incident. Police spokesperson Chandana Herath
smith-to-host-premiers-stampede-breakfast-following-mixed-reception-at-calgary-parade
AlbertaJul 06, 2026

Smith to host Premier's Stampede Breakfast following mixed reception at Calgary parade

Alberta Premier Danielle Smith is scheduled to host the annual Premier's Stampede Breakfast in Calgary today, continuing a longstanding Stampede tradition that draws thousands of attendees. The event, held at the McDougall Centre, typically features members of the provincial cabinet and United Conservative caucus. According to the Premier's Office, approximately 4,000 people attended last year's breakfast, making it the largest turnout for the event in more than a decade. Smith's appearance comes after she received a mixed public reception during the Calgary Stampede Parade on Friday, where sp
out-of-control-wildfire-near-boston-bar-prompts-evacuation-alert
BCJul 06, 2026

Out-of-control wildfire near Boston Bar prompts evacuation alert

An out-of-control wildfire burning near the community of Boston Bar in British Columbia's Fraser Canyon has grown to more than 12 square kilometres, or approximately 1,230 hectares, as of Sunday evening, according to the BC Wildfire Service. Authorities have issued an Evacuation Alert for the main part of Boston Bar, meaning residents should be prepared to leave their homes on short notice if conditions worsen. The BC Wildfire Service said the fire was first discovered on July 2. Officials believe it was likely caused by human activity, although the cause has not been confirmed and remains und