Chrystia Freeland says that a unified stance towards China will give Canada a “firm foundation” in upcoming trade negotiations with the United States and president-elect Donald Trump. Deputy Prime Minister and Finance Minister Freeland spoke to reporters Friday after the first meeting of the newly revived cabinet committee on Canada-U.S. relations, which she will again…
Inflation is back at the coveted two per cent annual rate. Wage hikes have outpaced inflation for 19 months in a row. The Bank of Canada is three rate cuts into an easing cycle, with no signs of stopping anytime soon. The recent run of positive economic news had the Liberal government — long challenged…
Proposed changes to remove price caps and extend amortizations on insured mortgages will help renters break into the ownership market, Ottawa argues, but experts are raising flags about the impact on home prices. Proposals unveiled Monday, which one expert called “some of the most significant mortgage policy reforms that we have seen in many years,”…
Contentious changes to how capital gains are taxed in Canada will bring in billions less in revenue for the government than Ottawa was expecting when it tabled the 2024 federal budget, according to the Parliamentary Budget Officer. The PBO on Thursday tabled a probe of Liberal measures to hike the inclusion rate on capital gains…
