The Liberal government's changes to capital gains taxation came into effect Tuesday, despite significant pushback from business and physicians' groups. Finance Minister Chrystia Freeland's spring budget proposed making two-thirds of capital gains the profit made on the sale of assets such as a secondary residence or stocks taxable, rather than one-half. For individuals' capital gains of $250,000 or less, the inclusion rate would remain the same, at 50 per cent. At a time when the Liberals are looking to woo back young voters, Prime Minister Justin Trudeau has pitched the effective tax increase

Prime Minister Justin Trudeau says he hears the concerns and frustrations of voters in the wake of a crushing byelection defeat in a Liberal stronghold riding. Liberals had held Toronto-St. Paul's for more than 30 years, but lost it to the Conservatives in Monday's byelection, sparking speculation about the future of the party and Trudeau's political fortunes. In a statement, the prime minister says he has much more hard work ahead of him to deliver tangible progress Canadians can see and feel. Deputy Prime Minister Chrystia Freeland expressed her support for Trudeau to stay on as party leader

In a stunning early morning upset, Conservative candidate Don Stewart secured a byelection victory in the longtime Liberal stronghold of Toronto - St. Paul's. Stewart won by just 590 votes over Liberal Leslie Church in a surprise win for Pierre Poilievre and his Conservatives once all the polls reported early Tuesday morning. Stewart trailed Church for hours overnight as poll workers slowly counted ballots that were stacked with independent candidates, thanks to a protest group trying to make a point about the first-past-the-post system. But the results flipped just before 4 a.m. when Tories j

New projections by Statistics Canada suggest the nation's population could reach 63 million by 2073, with the number of people aged 85 or older set to triple. The agency says migration will be the key driver of population increase under all scenarios, while natural growth only plays a "marginal role" as the population ages and fertility rates remain low. It says the population will rise from about 40 million in 2023 to a range of 47 million to 87 million over the next half a century, with 63 million being the medium-growth forecast. The population of people aged 85 and over would increase from

Finance Minister Chrystia Freeland is expected to announce this morning a plan for potential tariffs to protect Canada's electric vehicle supply chain from unfair Chinese competition. Freeland and International Trade Minister Mary Ng are making a joint announcement this morning following moves this spring by both the United States and Europe to hike import tariffs on Chinese-made EVs. Before Canada can impose new tariffs, an anti-subsidy investigation must be completed by the Canadian International Trade Tribunal. Currently, the only Chinese-made EVs imported into Canada are Teslas made at the

An injury has forced Princess Anne to cancel a trip to Newfoundland this weekend to mark the 100th anniversary of the unveiling of the National War Memorial in St. John’s. A spokesperson for Buckingham Palace confirmed Monday morning that the trip, slated for June 30 and July 1, had been called off after the princess was injured when she was out walking on Sunday evening. The 73-year-old sister of King Charles sustained minor injuries and a concussion on the Gatcombe Park estate in Gloucestershire, England, said a statement from Buckingham Palace on Monday. Neither the statement nor the spo

Residents of TorontoSt Paul's will head to the polls today to vote for a new member of parliament for their riding, with observers watching to see if the Liberals can hang on to the seat they've held for the last 10 elections. The byelection was prompted by the resignation of former Liberal MP Carolyn Bennett, who held the seat for more than 25 years and was recently appointed ambassador to Denmark. As the Conservatives maintain a double-digit lead over the Liberals in national polls, political watchers will have a close eye on today's race, which appears to be tighter than expected for a Libe

Canada is imposing economic sanctions on three more people for their involvement in worsening violence in Haiti. Foreign Affairs Minister Mélanie Joly made the announcement Friday, saying Ottawa won't remain idle as gangs terrorize vulnerable people. Global Affairs Canada says gang leaders Luckson Elan, Gabriel Jean-Pierre and Ferdens Tilus have undermined the peace, security and stability of Haiti. To date, the Canadian government has provided some $400 million in assistance and sanctioned 31 Haitian citizens, barring them from having any economic dealings with Canadians. A United Nations re

New Brunswick-born acting legend Donald Sutherland has died at age 88. His son Kiefer Sutherland announced the news in a social media post. The elder Sutherland's career spanned more than 50 years and ranged from the snarky surgeon Hawkeye Pierce in the film version of "M.A.S.H.'' to the fascist dictator President Snow in "The Hunger Games'' franchise. Sutherland also starred in the 1978 remake of "Invasion of the Body Snatchers'' and the 2005 version of "Pride & Prejudice.'' Though he was in over 100 films, Sutherland was never nominated for an Academy Award. He did, however, receive a