U.S. Fed slashes benchmark rate by 1%

The Canadian government has added several products to its counter-tariff list in response to U.S. tariffs. According to the office of Finance Minister François-Philippe Champagne, the changes are intended to match U.S. tariffs on a dollar-for-dollar basis. The ministry also said seafood that had previously been proposed for the list was removed because the United States is not imposing tariffs on Canadian seafood. The revised list includes charcoal, copper wire, plaster products such as boards, seats and tiles, printed materials including pictures and photographs, and products used for packag

U.S. President Donald Trump has signed an executive order seeking to rename Lake Ontario “Lake America” with immediate effect, amid escalating tensions between Canada and the United States over trade. The lake, which lies along the Canada-U.S. border, has become the latest target of Trump’s symbolic naming campaign after trade talks between Washington and Ottawa broke down completely. Trump had threatened in recent days to take the symbolic step, although it was initially unclear whether the U.S. president was serious about actually changing the name. Canadian officials, however, have al

Two people were killed in a serious crash involving a Volkswagen Jetta and a Kia Sedona minivan on Highway 19 near Lantzville on Vancouver Island early Friday morning. According to B.C. Highway Patrol, the collision occurred around 3 a.m. near the intersection of Ware Road, involving two vehicles travelling in the southbound lanes. Police said two occupants of the Volkswagen died at the scene. The 16-year-old girl driving the Kia minivan was also injured and remains in hospital for treatment. The teenage driver has been charged with impaired driving causing death and dangerous operation of a m

Metro Vancouver is set to ease its water restrictions from Stage 2 to Stage 1 starting Sept. 1, allowing residents and businesses to water their lawns once a week. Under Stage 1, residential properties with even-numbered addresses can water their lawns on Saturdays, while odd-numbered addresses can do so on Sundays. Automatic watering is permitted from 5 a.m. to 7 a.m., while manual watering is allowed from 6 a.m. to 9 a.m. For commercial properties, lawn watering will be allowed on Mondays for even-numbered addresses and Tuesdays for odd-numbered addresses. Trees, shrubs and flowers can als

Canada’s Foreign Affairs Minister Anita Anand has confirmed that 30 Canadian citizens and permanent residents are among the hundreds of people reported missing following severe flooding and landslides in the border region between Nepal and Tibet. In a statement issued Thursday, Anand said Canadian officials are in continuous contact with local authorities and international partners to support the safe return of Canadians in the affected areas and assist their families. However, the minister said there is currently no confirmed information about the whereabouts or well-being of the missing Ca