The Bank of Canada’s latest oversized interest rate cut isn’t expected to deliver immediate relief to the Canadian fixed-mortgage market, experts warn. The central bank delivered a second consecutive half-point drop to its policy rate on Wednesday. After five straight cuts in 2024, the Bank of Canada’s key rate now stands at 3.25 per cent….
By Staff The Canadian Press Posted December 12, 2024 3:32 pm 1 min read Descrease article font size Increase article font size A Montreal suburb is declaring the “end of the deer saga” Thursday after completing its plan to cull a growing herd of white-tailed deer in one of its parks. The City of Longueuil…
U.S. president-elect Donald Trump was asked about Ontario Premier Doug Ford’s recent warning that the province could cut off energy exports to about 1.5 million Americans if Trump lays threatened tariffs on Canada next month, saying Thursday it was “fine.” On Wednesday, following a meeting between premiers and Prime Minister Justin Trudeau, Ford said he…
The Japanese city of Tokyo is the latest in a growing list of governments and companies to try out a four-day work week, and some experts say Canadian families also stand to benefit from a long weekend every week if implemented in the right way. Tokyo’s plan, which was announced last week and will roll…
Prime Minister Justin Trudeau shared an “overview” of the federal government’s plan to strengthen border security with Canada’s premiers and discussed potential responses to tariffs threatened by U.S. president-elect Donald Trump during a meeting Wednesday, federal officials said. Public Safety Minister Dominic LeBlanc told reporters in Ottawa that the border plan was still being finalized,…
As Canada Post workers remain on the picket line, a key point of contention in their demands is their job’s growing physical and mental toll — and they say that’s exacerbated by climate change. From delivering parcels through scorching heatwaves to battling blizzards, Canadian postal workers increasingly face extreme weather conditions that strain their bodies…
A temporary “tax holiday” could prove to be a “hot mess” for small businesses preparing to implement the new measure this week, according to the Canadian Federation of Independent Business. The Liberal legislation is set to go into effect on Saturday, slashing the goods and services (GST) or harmonized sales tax (HST) from dozens of…
By Staff The Canadian Press Posted December 10, 2024 4:39 pm 1 min read Descrease article font size Increase article font size Flair Airlines’ chief financial officer Sumanth Rao is facing involuntary manslaughter charges in connection with a fatal crash involving an underage driver who had been drinking at his Atlanta-area home. Flair said in…
Since Natalie Lipschultz was diagnosed with stage three colorectal cancer in 2019, she estimates the illness has cost her more than $20,000 in out-of-pocket expenses. Several months after her diagnosis, the Burnaby, B.C., resident was terminated from her job at an insurance company without cause while undergoing chemotherapy in January 2020. She agreed not to pursue legal…
With the Bank of Canada gearing up for its final interest rate decision of 2024, experts warn the flagging Canadian dollar could well have further to fall if the central bank delivers the sizeable cut that markets expect. The Bank of Canada is widely expected to lower its benchmark interest rate, currently sitting at 3.75…
