Canada’s unemployment rate climbed to 6.7 per cent in October, reaching its highest level in six months, according to the latest data released by Statistics Canada on Friday. Economists had expected the economy to add 13,600 jobs overall. However, instead of gaining jobs, Canada recorded a net loss of 4,700 positions last month. The decline was primarily driven by the private sector, which shed 53,000 jobs, marking its first major drop since February. Meanwhile, public-sector employment increased by 50,000 positions, while the construction industry added 16,000 jobs, helping offset some of t

The federal government led by Prime Minister Mark Carney has announced an increase in the deposit insurance limit, raising the amount of money protected in Canadians’ bank accounts from $100,000 to $250,000. Under a new proposal introduced as part of Budget 2026, the Canada Deposit Insurance Corporation (CDIC) coverage limit will increase by $150,000. This marks the first increase in the deposit insurance limit in nearly 20 years. CDIC insurance guarantees that eligible deposits held at member financial institutions are protected up to a specified limit in the event of a bank failure. The co

Conservative Leader Pierre Poilievre has launched a sharp attack on Prime Minister Mark Carney over the federal government's new immigration plan, accusing the Liberals of manipulating figures to make it appear that immigration is under control. Poilievre alleged that the government is misleading Canadians, arguing that the new immigration targets remain among the highest in Canadian history. He said Carney is describing immigration levels as stable, but in reality, the government's mass immigration plan is protecting the profits of large corporations at the expense of Canadian families, inclu

The federal government, led by Prime Minister Mark Carney, has announced major changes to Canada's foreign homebuyer ban in Budget 2026. Under the new policy, foreign nationals will be allowed to purchase newly built homes, while the existing ban on buying previously constructed and resale residential properties will be extended until January 1, 2029. According to the government, the move aims to encourage foreign investment in new housing construction to increase Canada's housing supply, while protecting the existing housing market for local buyers. The Canadian Home Builders' Association has

Porter Airlines has announced the launch of new non-stop flights between Vancouver and London, Ontario, starting April 12, 2027. The airline will operate at least one daily flight between the two cities, with service potentially increasing to 11 flights per week during the peak travel season. Russell Atkinson, Director of Air Service Development at Vancouver International Airport, welcomed the announcement, saying the new route will strengthen connections between British Columbia and southwestern Ontario. It will provide greater convenience for business travellers, tourists and people visiting

Quebec Premier Paul St-Pierre Plamondon has announced plans to launch a diplomatic outreach campaign in the United States following the midterm elections, aiming to improve relations and ease trade tensions. Plamondon said the rejection of U.S. President Donald Trump's policies by voters presents an opportunity for Canada and Quebec to find new allies in the United States and strengthen cross-border cooperation. However, he clarified that Quebec has no immediate plans to launch direct trade negotiations with Washington. Instead, the province will focus on opening new channels of communication

Canada’s federal government is set to present its second budget under Prime Minister Mark Carney today in the House of Commons, as the country faces economic challenges amid the ongoing trade war with the United States. Finance Minister François-Philippe Champagne will table the budget, which is expected to outline the government’s economic priorities and measures to strengthen the country’s economy. The budget is expected to include measures to provide relief from rising living costs, new tax incentives for businesses and major investments in infrastructure projects. A new immigration

Canadian Prime Minister Mark Carney has announced an international tour of Europe and Asia from November 11 to 19, aimed at expanding trade and attracting new investment. During the visit, Carney will travel to Ireland, the Philippines, Cambodia and China. He will begin his tour in Dublin, where he will attend the European Political Community Summit. Discussions are expected to advance efforts to make Canada the European Union’s first associate member. Carney will then travel to Manila to attend the ASEAN Summit as a guest, where the ASEAN-Canada Free Trade Agreement is expected to be finali

Canada’s Minister of International Trade, Maninder Sidhu, has announced that China will extend tariff relief on Canadian lobster, crab, peas and canola meal for another two years, until 2028. Sidhu said the agreement was originally set to expire at the end of this year but has now been extended for an additional two years. The announcement follows Prime Minister Mark Carney’s visit to Beijing in January. In March, China reduced tariffs on Canadian canola meal, while Canada lowered tariffs on certain Chinese steel and aluminum products, allowing them to enter the Canadian market. Sidhu is c