Bank of Canada keeps interest rate at 5%

Calgary voters are heading to the polls today for a provincial byelection in Calgary-Shaw, a longtime United Conservative stronghold that has been without a legislature member since former cabinet minister Rebecca Schulz resigned in May. Five candidates are contesting the seat, including Mike Derry of Premier Danielle Smith’s United Conservative Party and Kyle Campbell of Naheed Nenshi’s NDP. Derry has focused his campaign on affordability, education, health care and government transparency, while Campbell has made health care a key issue. The other candidates are teacher Kyle Joseph of th

U.S. President Donald Trump has suggested that a trade deal between the United States and Canada could be reached soon, despite the ongoing trade war between the two countries. Speaking to reporters in Ireland over the weekend, Trump said relations with Mexico were expected to be very good and that relations with Canada were also good. However, he accused Ottawa of discriminating against the United States for the past 50 years. Trump also repeated his claim that the U.S. does not need Canadian goods, arguing that Canada’s business depends heavily on trade with the United States. Formal negot

A fishing vessel sank near the Tsawwassen Ferry Terminal on Sunday, prompting a rescue operation for two people who were left in the water. Officials received a report at around 3:15 p.m. that a boat had sunk near the terminal. B.C. Ferries spokesperson Sheila Reynolds said the Spirit of British Columbia and Coastal Renaissance immediately deployed a rescue boat and safely pulled both people from the water. Police and B.C. Emergency Health Services paramedics later attended the terminal. After receiving first aid, both individuals were taken to hospital in stable condition. The incident also c

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

Prime Minister Mark Carney is opening a two-day Canada investment summit in Toronto aimed at attracting $1 trillion in investment over the next five years. The summit is focused on key sectors including energy, infrastructure, artificial intelligence and critical minerals. Hundreds of investors from Canada and abroad are taking part in what is described as the country’s first investment summit of its kind. Executives from major international companies including BlackRock, JPMorgan, Morgan Stanley, Mastercard and Microsoft are among those attending. The formal opening is scheduled for Monday