Canada’s former ambassador to the United States says he’s confident Ottawa can avoid the worst of the tariff threats proposed by U.S. president-elect Donald Trump, but that Canada won’t be completely unscathed. Frank McKenna, who is now deputy chair at TD Securities, said he believes the incoming president is looking to use money from tariffs…
The annual rate of inflation slowed to 1.9 per cent in November, Statistics Canada said Tuesday. The agency cited a “broad-based” slowing in price hikes, particularly on travel tours and on mortgage costs, contributing to the cooling off. That’s down from an inflation rate of two per cent in October. The November inflation data comes…
Federal Reserve officials on Wednesday will likely signal a slower pace of interest rate cuts next year compared with the past few months, which would mean that Americans might enjoy only slight relief from still-high borrowing costs for mortgages, auto loans and credit cards. The Fed is set to announce a quarter-point cut to its…
The federal government is moving forward with plans to make automatic tax filing more widely available to Canadians, including those who are “middle class.” In the fall economic statement released on Monday, Ottawa announced several measures to make it easier for Canadian taxpayers to file their annual returns, building on efforts that are already underway….
This holiday season, Canadians are being more cautious about their spending despite a tax break on a slew of items, new polling shows. Nearly 40 per cent of Canadians said in an Ipsos poll conducted exclusively for Global News and released Tuesday that they plan on reining in their gift shopping this holiday season. That…
A barrier to entry in some of Canada’s most expensive housing markets just got lower thanks to new changes impacting the country’s mortgage landscape. The ability to put less money down on an insured mortgage for a home worth more than $1 million will be a “game changer” for some buyers, real estate experts tell…
Ontario Premier Doug Ford responded to the burgeoning trade tension between Canada and the United States with a threat that the province could cut off energy exports to the U.S. in retaliation to president-elect Donald Trump’s threat of sweeping tariffs. But what would it look like if Ontario and other provinces carried out that threat?…
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….
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,…
