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 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

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

A 60-year-old man has been arrested by Vancouver police for allegedly crashing into multiple vehicles and fleeing the scene. According to police, the incidents occurred around 9 a.m. Tuesday in southeast Vancouver, near East 49th Avenue and Elliott Street. Officers said people were inside the vehicles when they were struck. Police said several vehicles were damaged, but no injuries were reported. After the collisions, the suspect allegedly abandoned his vehicle and fled the scene on foot. Police later arrested the suspect, identified as Wayne Tran. He is facing charges related to dangerous dri

British Columbia Premier David Eby says he has told NDP legislators to be “election ready” amid the disruption caused by the ongoing trade war with the United States. Eby said Cheryl Oates, his former acting chief of staff, will manage the NDP’s campaign for the next provincial election whenever it is called. However, he did not announce any date for the vote. The premier said he has informed both Elections B.C. and the NDP caucus that they need to be prepared for an election. His comments come as the Opposition B.C. Conservatives face internal changes, with nine members having left the

A new report commissioned by the Alberta government estimates that the cost of separating Alberta from Canada could reach $170 billion during the first five years. The report, prepared by the University of Calgary’s School of Public Policy, estimates the transition could cost at least $50 billion, with the upper-end estimate reaching $170 billion. The costs would include building new infrastructure, hiring and transitioning staff, and covering Alberta’s share of the federal debt. The report examines two possible scenarios for separation. One assumes a relatively smooth and cooperative tra

New U.S. tariffs of 50 per cent on 110 Canadian products took effect Tuesday, expanding the range of goods affected by the escalating trade dispute between Ottawa and Washington. The new duties apply to products including certain cheeses, all-terrain vehicles, motorboats, furniture, aluminum products, paper and wood products, iron and steel structures, mattresses and lamps. The changes were made under U.S. tariff measures announced by the Trump administration. At the same time, the United States removed 10 Canadian product categories from the 50 per cent tariff list. Those include salt, Portla

Canada’s annual inflation rate remained steady at 3 per cent in August, according to Statistics Canada. However, inflation could rise in September as Brent crude oil prices have surpassed US$100 a barrel, while the full impact of the 50 per cent tariffs imposed by U.S. President Donald Trump and Canada’s retaliatory measures could also be reflected in upcoming inflation data. According to the report released Monday, gasoline prices rose at a slower pace last month but remained elevated amid the ongoing conflict in Iran. On a positive note, grocery prices increased at a slower rate than ove

Former Canadian Prime Minister Justin Trudeau and his longtime chief of staff, Katie Telford, are stepping into the entertainment industry after leaving politics. The duo announced the launch of their new media and production company, Hope & Hard Work, on the red carpet at the Toronto International Film Festival. The company’s name is inspired by the slogan associated with Trudeau’s successful 2015 election campaign, which helped the Liberal Party move from third-party status to government, where it remained in power for nearly a decade. Several projects are already in development unde