Canadians will not see any further cuts in loan rates, as the Bank of Canada has decided to keep interest rates unchanged amid uncertainty stemming from U.S. President Donald Trump's ongoing tariff war. The central bank’s benchmark interest rate remains steady at 2.75 percent. Previously, the Bank of Canada had reduced rates seven consecutive times, with the most recent cut of 0.25 percentage points taking place on March 12. Following that reduction, major banks including the Royal Bank of Canada, Canadian Imperial Bank of Commerce, National Bank of Canada, and Toronto-Dominion Bank lowered

The federal government says it's freezing more than $2.2 billion in grants and contracts to Harvard University, since the institution said Monday it won't comply with the Trump administration's demands to limit activism on campus. In a letter to Harvard Friday, the administration called for broad government and leadership reforms, a requirement that Harvard institute what it calls “merit-based” admissions and hiring policies as well as conduct an audit of the study body, faculty and leadership on their views about diversity. The demands, which are an update from an earlier letter, also ca

Candidates in the race to become the next Prime Minister of Canada including Mark Carney, Pierre Poilievre, and Jagmeet Singh will participate in national debates in both French and English on April 16 and 17. Key topics have been outlined for each debate. The French-language debate will primarily focus on the cost of living, energy and climate, trade disputes, identity and sovereignty, immigration, and foreign affairs. Meanwhile, the English-language debate will cover affordability and the cost of living, energy and climate, public safety and security, as well as tariffs and threats to Canada

Prime Minister Mark Carney has stated that the global economic slowdown is beginning to affect Canada, primarily due to tariffs. He made these remarks following a meeting with his cabinet committee on Canada-US relations in Ottawa today. Carney noted that the meeting focused on identifying early signs of economic deceleration and its potential consequences for Canada. The discussions also included a review of Canada’s response to US-imposed tariffs. The Prime Minister emphasized that the government’s priorities are addressing tariffs, safeguarding the Canadian economy, and exploring new s

The United States is still imposing tariffs on Canada after President Donald Trump on Wednesday partially pulled back some of the most devastating duties against countries around the world. Trump paused his so-called “reciprocal” tariffs for 90 days but kept in place a 10 per cent levy on nearly all global imports. The president also increased tariffs on Chinese imports to 125 per cent. Trump's change in course triggered a surge in U.S. markets following days of massive losses — but it’s not clear how the ongoing uncertainty will play out. A White House official has said duties agains

US President Donald Trump has announced a 90-day pause on tariffs but has simultaneously increased the tariff on China to 125 percent. In a post on Truth Social, Trump explained that the move came in response to what he called China's disrespect towards global markets. As a result, the tariff on Beijing is now set at 125 percent, effective immediately. Trump also expressed confidence that China would soon realize that the days of exploiting the United States and other countries are over. He revealed that more than 75 countries had approached the US for trade deals and that these countries had

The United States has imposed a hefty 104 percent tariff on Chinese imports, effective from 12:01 a.m. on Wednesday. This move follows a warning from US President Donald Trump on Monday, stating that if Beijing does not remove its retaliatory tariffs on American goods by Tuesday, existing tariffs on China would be raised further. At the same time, Trump’s press secretary, Caroline Leavitt, remarked during a press conference that the United States does not need other countries as much as other countries need the U.S. Leavitt also confirmed that 70 countries have reached out to negotiate a ta

Millions of Canadians are set to receive their final Canada Carbon Rebate payment ahead of the April 28 vote. Residents of eight provinces, including Alberta and Nova Scotia, which had a federal carbon fuel charge, will receive their final Canada Carbon Rebate payment on April 22. In addition, British Columbians will receive their final B.C. Climate Action Tax Credit payment. The federal government will distribute approximately $4 billion in payments under the Canada Carbon Rebate to around 13 million Canadians. According to the Canada Revenue Agency, only those who filed their tax returns be

British Columbia Employment Minister Diana Gibson has defended her government's stance on the employment figures released by Statistics Canada. While acknowledging that the national job trend declined in March, she pointed out that B.C. added 5,700 jobs during the same period. Gibson highlighted that B.C. has seen an increase of 35,400 full-time jobs so far this year, the highest among all provinces. However, she stressed the importance of continuing to support the private sector, which is facing challenges due to the impact of U.S. President Donald Trump's tariffs. Gibson also noted that B.C