The Bank of Canada has announced it is maintaining its key policy interest rate at 2.25 per cent for a fifth consecutive decision, citing continued uncertainty around global trade and inflation pressures. Bank of Canada Governor Tiff Macklem said the outlook for monetary policy remains uncertain due to ongoing trade tensions with the United States and rising geopolitical risks in the Middle East. According to the central bank, weak economic growth and elevated oil prices are creating competing pressures on the Canadian economy. Macklem outlined two possible scenarios that could influence futur

Canada recorded a merchandise trade surplus of $2.72 billion in April, up 55 per cent from the previous month and the highest level in 15 months, according to data released Tuesday by Statistics Canada. The increase was driven in part by higher crude oil prices, which supported the value of Canadian exports during the month. The latest figures come as global energy markets continue to respond to geopolitical tensions affecting oil supply and pricing. Despite federal efforts to diversify trade and reduce reliance on the United States amid ongoing trade disputes, the U.S. remained Canada’s dom

A man who allegedly forced his way into a home and took a person hostage was shot and killed by Vancouver police Monday night, according to authorities. Vancouver Police Department said officers responded to reports of a violent home invasion in the 3600-block of Commercial Street at approximately 9 p.m. Upon arrival, officers found a suspect inside the residence who had allegedly entered the home by force and was holding another person hostage. Police said an officer attempted to de-escalate the situation and resolve the incident peacefully. However, the officer ultimately discharged a firear

The Gordie Howe International Bridge linking Windsor, Ont., and Detroit, Mich., is expected to move closer to opening this week, with reports indicating a ribbon-cutting ceremony could take place Friday. The bridge could be opened to regular traffic as early as next Monday. The project drew attention earlier this year after U.S. President Donald Trump said he would not allow the bridge to open unless the United States received an ownership stake in the crossing. Asked about those comments on Tuesday, the prime minister said no behind-the-scenes discussions or concessions regarding ownership

Canada Post is warning residents in parts of Toronto and Vancouver that mail delivery services may be affected during the FIFA World Cup tournament this summer. In an announcement released Monday, Canada Post said mail delivery could be disrupted in areas near match venues and related event sites due to security measures and road closures associated with the tournament. According to Canada Post, any mail that cannot be delivered because of access restrictions or safety concerns will be securely held at local depots and delivered on a priority basis on the next business day. The postal service

Former Supreme Court justice Louise Arbour was sworn in Monday as Canada's 31st Governor General during a ceremony at the Senate of Canada Building in Ottawa. Arbour succeeds Mary Simon, who became Canada's first Indigenous Governor General in 2021. The appointment is reported to be the first approved by King Charles III. The swearing-in ceremony was attended by Prime Minister Mark Carney, Chief Justice Richard Wagner, House of Commons Speaker Francis Scarpaleggia and Assembly of First Nations National Chief Cindy Woodhouse Nepinak, among other dignitaries. Arbour, 79, is a Montreal-based juri

Mission Memorial Hospital's emergency department was temporarily closed overnight once again due to a shortage of physicians, according to Fraser Health. The health authority said the emergency department was closed from 5 p.m. Sunday until 8 a.m. Monday because of staffing challenges. Patients requiring emergency care during that period were directed to nearby hospitals. Mission Memorial Hospital has experienced several temporary emergency department service disruptions in recent months. Fraser Health has repeatedly stated that it is working to recruit additional physicians to stabilize servi

The Bank of Canada is widely expected to leave its key policy interest rate unchanged at 2.25 per cent when it announces its latest monetary policy decision on Wednesday. Economists estimate there is a 95 per cent likelihood that the central bank will hold rates steady for a fifth consecutive meeting. According to market analysts, policymakers are likely to focus on ongoing geopolitical uncertainty linked to the conflict involving Iran, as well as the economic implications of the upcoming review of the Canada–United States–Mexico Agreement (CUSMA). The decision comes as recent Statistics C

Prime Minister Mark Carney will travel to France and Ireland this week as part of a diplomatic visit focused on trade, security and international cooperation. According to the Prime Minister's Office, Carney will meet French President Emmanuel Macron in Paris ahead of the G7 summit. The leaders are expected to discuss cooperation in artificial intelligence, defence and critical minerals. Carney will then travel to Dublin for talks with Irish Prime Minister Micheál Martin. The meeting is expected to focus on strengthening trade and economic ties between Canada and Ireland. Officials say it wil