The Bank of Canada announced its interest rate decision on Wednesday, cutting its benchmark rate by 25 basis points, bringing it to 2.50 per cent. The central bank had kept it steady at 2.75 per cent since March 2025 after cutting rates seven times as US President Donald Trump's tariffs took effect, prompting the Bank of Canada to put the interest rate cut cycle on hold to assess their impact on the economy and consumer prices. The central bank's latest interest rate cut is a relief move for Canadian homebuyers, especially variable-rate mortgage holders who will benefit immediately, reduci

PM Mark Carney has given Dominic LeBlanc the additional responsibility of the Ministry of Internal Trade. At the same time, Steve McKinnon has been made Minister of Transport, who is also the government's House Leader in the House of Commons. Both these departments were with Chrystia Freeland, who has been appointed as the Special Representative for Ukraine. Dominique LeBlanc was till now holding the responsibility as the President of the King's Privy Council for Canada and Minister of Canada-US Trade and Intergovernmental Affairs, who will now also serve as the Minister of Internal Trade.

Another man has been arrested in connection with the deaths of a migrant family on the Canada-U.S. border near Emerson, Man., in 2022. The federal justice department says Fenil Patel was arrested Sept. 5 on an extradition request from the United States. He is facing a hearing this week in Ontario Superior Court. Police in India announced in 2023 they were looking for Patel on human trafficking and other charges after a couple and their two children froze to death while trying to walk across the border in a frigid nighttime blizzard. Two men in the United States — Harshkumar Patel and Steve S

The federal Liberal govt. will table the budget on Nov. 4. The update was shared by Finance Minister Francois-Philippe Champagne. This is going to be the first fiscal update to be shared by the new Carney govt. Usually the federal budget is tabled in the spring but the Liberals delayed this year's update until the fall. The finance minister shared an image with PM Mark Carney and then shared the news on his X account and wrote: Canada’s new government will table Budget 2025 on November 4th. A budget to meet this moment. A budget to build the strongest economy of the G7. A budget to build

Prime Minister Mark Carney has appointed Chrystia Freeland as Canada's new special envoy for the reconstruction of Ukraine. While Freeland announced her resignation as transport minister on social media today, she will remain in the House of Commons as an MP until the next election. She left today's regular cabinet meeting smiling and talking with Carney, but neither answered questions from reporters stationed outside the room. Freeland has been one of the most prominent government advocates for Ukraine on the world stage, and spearheaded efforts to seize Russian financial holdi

Surrey Police Service (SPS) officers have arrested a man wanted by Peel Regional Police Service on a Canada wide warrant for extortion and firearms offences. On July 11, 2025, a complainant contacted Peel Regional Police Service (PRPS) to report that they had allegedly been a victim of an extortion and shooting. Through the course of their investigation, Peel Regional Police investigators subsequently obtained a warrant for the arrest of Gurdeep Shergill. On September 7, 2025, SPS frontline members became aware of Shergill’s presence in Surrey. Working in conjunction with PRPS investigat

Justice Minister Sean Fraser says he will introduce new hate crime legislation in the coming days, with reforms on bail and violent crime sentencing to follow. Fraser says the legislation will go beyond campaign commitments of protecting religious institutions from "obstruction and intimidation" and include measures for the broader community. During the election, the Liberals promised to make it a criminal offence to obstruct access to or threaten people visiting a place of worship, school or community centre. Police reports of hate crimes have been on the rise since the Oct. 7, 2023 Hamas att

Transport Minister Chrystia Freeland is expected to leave cabinet for a special envoy role with Ukraine, according to multiple media reports. The announcement could come as soon as later today. Freeland joined Prime Minister Mark Carney's cabinet meeting this morning in Ottawa but blew past the TV cameras and did not answer any questions about her political future. Freeland shook up Canadian politics late last year when she resigned as finance minister to former prime minister Justin Trudeau, a major blow that led to his resignation in January. Freeland sought Liberal Party leadership earlier

Canada-U.S. Trade Minister Dominic LeBlanc says the government's new major projects office will work to get construction underway on the Alto high-speed rail line within four years. He says the work would determine the final route for the planned high-speed rail project between Toronto and Quebec City. Former prime minister Justin Trudeau announced in February that the government had awarded a $3.9-billion, six-year contract to a consortium to design the project. The 1,000-kilometre high-speed rail network would take passengers from Montreal to Toronto in just three hours on trains travelling