Bank of Canada Governor Tiff Macklem has warned that the recent boost in Canada’s economy could lose momentum as the country continues to face uncertainty from the trade war with the United States. Speaking in Halifax on Monday, Macklem said conflicts in the Middle East and disruptions to supply chains are becoming increasingly common and could create further economic challenges. Macklem said there are clear signs that Canadian businesses have adapted to the tariff environment, helping the economy perform better than expected. Canada’s GDP grew at an annualized rate of 3.3 per cent during

Prime Minister Mark Carney faced flight delays Monday due to a technical issue affecting airports in the New York City area, causing him to miss a key United Nations event. According to reports, a circuit failure at an air traffic control centre in Philadelphia led to hundreds of flight cancellations across the U.S. Northeast. In Carney’s absence, Canada’s Ambassador to the United Nations, David Lametti, represented Canada at the Partners for Multilateralism summit. Lametti took part in a roundtable discussion with European Council President António Costa and Kenyan President William Ruto

According to the latest report from Statistics Canada, about 23.2% of Canadian households-nearly one in four- are living in homes considered unaffordable, as housing and living costs continue to rise. Statistics Canada defines housing as unaffordable when a household spends 30% or more of its total income on housing costs. The report found that renters are significantly more likely to face unaffordable housing than homeowners. About 33.7% of renters were living in unaffordable homes, compared with 17.4% of homeowners. In 2024, 36.6% of households had a mortgage, and among them, 26.1% were cons

Amid ongoing trade tensions with Canada, U.S. President Donald Trump has announced plans for a major deal to purchase potash from Belarus. In a post on his social media platform Truth Social on Monday, Trump said the United States is working on a “massive deal” to buy potash from Belarus. He claimed that under the proposed agreement, the price would be significantly lower than what the U.S. currently pays Canada. Trump described the potential deal as “great news” for American farmers and ranchers. Canada is the world’s largest potash exporter, and the United States has traditionally

A police officer and 10 other people were taken to hospital after a suspicious fire broke out early Monday morning at an apartment building in Mississauga. Peel Regional Police said the fire started in a hallway of a building near Lakeshore Road West and Inverhouse Drive at around 3:30 a.m. Most of those taken to hospital were affected by smoke, while two people suffered serious but non-life-threatening injuries. The injured police officer sustained minor injuries that were unrelated to the fire. Firefighters later brought the blaze under control, allowing some residents to return to their uni

Prime Minister Mark Carney will travel to New York today to attend the 81st session of the United Nations General Assembly. He is scheduled to remain there until September 23 and participate in several high-level meetings and bilateral discussions with world leaders. Foreign Affairs Minister Anita Anand will also join Canada’s delegation and participate in high-level UNGA events. The UN General Debate is scheduled to begin on September 22. Carney is also expected to co-host an event with France and the U.K. supporting a two-state solution to the Israel-Palestine conflict. His visit comes a

Canada’s Parliament has resumed its fall sitting after the summer break, with Prime Minister Mark Carney’s Liberal government preparing to introduce key economic legislation aimed at strengthening the country’s economy. The session is expected to see heated debate amid ongoing trade tensions with the United States following the breakdown of trade talks in August. The government is also set to introduce bills such as the Building Canada Strong Act, aimed at speeding up the approval process for major projects and encouraging businesses and investors to invest in Canada. Under the proposed

Conservative MP Larry Brock has formally resigned from the House of Commons, ending his five-year tenure as the MP for Brantford-Brant South. Brock announced his decision to step down last month, saying he planned to return to the office of the Crown prosecutor. A byelection will be held in the Ontario riding, along with five other currently vacant federal seats, in the coming months. Meanwhile, Conservative Leader Pierre Poilievre is planning to hold a rally in Brantford this weekend. Brock is the sixth MP to leave Poilievre’s caucus over the past year. Four MPs have crossed the floor to jo

Prime Minister Mark Carney is set to address his Liberal caucus in Ottawa today, ahead of the fall session of the House of Commons, which begins Monday. The caucus meeting comes as the Liberal government prepares to introduce key legislation, including a bill to extend the fuel excise tax relief announced by Carney on September 2. The tax break, which was initially in effect from April through September 2026, is planned to be extended until January 2027. Under the measure, Canadians are saving 10 cents per litre on gasoline and 4 cents per litre on diesel. Carney returned to Canada on Thursday