The Bank of Canada has warned that the trade war poses a major threat to the Canadian economy, which could increase risks to Canadian financial stability, which would damage banks and other financial institutions and make it difficult for households and businesses to repay loans. In its annual Financial Stability Report released on Thursday, the central bank said that if it had not been for Trump's trade war, the Canadian economy would currently be in a strong position, but now there are concerns that the high level of uncertainty about US trade policy could derail financial markets. The rep

Alberta Premier Danielle Smith is urging her Ontario counterpart Doug Ford to mind his own business when it comes to talk of separating from Canada. Smith announced this week that she doesn’t want Alberta to leave Canada but, if enough residents sign a petition asking for a referendum on it, she’ll make sure it’s put to a vote in 2026. Ford, without mentioning Smith by name, says Canadian unity is critical as the country engages in a tariff fight with the United States and now is not the time to threaten to quit the country. Asked about his comment, Smith says she has a great friendship

The NDP has appointedDon Davies, a longtime MP for Vancouver Kingsway, as its new acting president. Davies was confirmed by the party's national council on Monday night. Former NDP president Jagmeet Singh announced his resignation after losing the Burnaby Central seat in the April 28 election. The NDP won just seven seats in the election, losing its official party status in the House of Commons, the first time the party had won nine seats in 1993. It is noteworthy that the new acting leader of the federal NDP, Don Davies, has represented Vancouver Kingsway since 2008. As an NDP MP, he has pl

U.S. President Donald Trump says it is "highly unlikely" the United States would ever use military force to annex Canada. In a wide-ranging interview on NBC's "Meet The Press" which aired Sunday, Trump says he wouldn't rule it out against Greenland, but says he doesn't see it happening with Canada. The remarks come as Prime Minister Mark Carney is set to have his first face-to-face meeting with Trump this week in Washington. Trump also downplayed the United States' reliance on Canadian imports, telling NBC his country doesn't need anything of Canada's. The U.S. imported $412.7 billion of Canad

Prime Minister Mark Carney has made a big announcement that if the Conservatives vacate a seat for a by-election in an attempt to send Pierre Poilievre to Parliament, he will approve the by-election as soon as possible without any politics.It is worth noting that Poilievre lost the election in the Carlton riding of Ottawa in the election held on April 28, a seat he had held for 20 years. The Conservatives still want to keep him as party leader, but since Poilievre does not have a seat in the House of Commons, the party is considering several options, including having Poliav contest the by-el

White House national security adviser Mike Waltz is set to depart the Trump administration. That’s according to two people familiar with the matter, which marks the first major staff shakeup of President Donald Trump’s second term. Waltz came under searing scrutiny in March after revelations that he added journalist Jeffrey Goldberg to a private text chain on the encrypted messaging app Signal, which was used to discuss planning for a sensitive March 15 military operation against Houthi militants in Yemen. A far-right ally of the president, Laura Loomer, has also targeted Waltz, telling Tr

Statistics Canada says the Canadian economy contracted in February but early signs suggest moderate growth in March. The agency says real gross domestic product decreased 0.2 per cent in February. That was driven by a 0.6 per cent decline for goods-producing industries, with mining, quarrying, and oil and gas extraction and construction contributing the most to the decrease. Services-producing industries edged 0.1 per cent lower in February as contractions in transportation and warehousing, along with real estate, rental and leasing, were partially offset by a rise in finance and insurance. St

The federal NDP in B.C. has suffered a major setback. Jagmeet Singh lost his Burnaby Central seat. He finished in third place by a margin of 12,032 votes to Liberal candidate Wade Chang. Along with him, the party suffered heavy losses on Vancouver Island and also lost some seats in Metro Vancouver. Out of the total 24 seats of the NDP in the House of Commons, 12 were in B.C. and five of these were in Vancouver Island. Now the federal NDP in British Columbia has been reduced to just three seats and with this, Jagmeet Singh has announced his resignation as the party president. He was also v

An organizer of the Filipino festival in Vancouver that was devastated by a "meaningless tragedy" says there are many who will need help to recover after a vehicle tore through their celebration, killing 11 people. RJ Aquino told hundreds of mourners at a vigil Sunday night that people are confused, devastated and numb. Police have charged a 30-year-old Vancouver man with eight counts of second-degree murder and say more charges are expected once all the victims have been identified B.C.'s Health Ministry issued an update last night saying 32 people were seen at several hospitals in the Lower