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Canada plans to impose tariffs on a slew of Chinese products starting as early as next year, the government’s fiscal update says — part of the federal government’s wider investigation into imports from China. Prime Minister Justin Trudeau’s government has already slapped a 100 per cent tariff on all Chinese electric vehicles and a 25…

Canada’s annual inflation rate ticked down to 1.9 per cent in November, with the slowdown in price growth mostly driven by lower mortgage interest costs and cheaper travel tours, Statistics Canada said on Tuesday. Inflation largely came down across the board. The price of groceries slowed 2.6 per cent compared to the same time a year ago. But those…

Bank of Canada governor Tiff Macklem says the central bank is preparing for a future that looks more uncertain and more prone to shocks. In a speech to the Greater Vancouver Board of Trade on Monday, he said structural changes are underway in the world, including demographic shifts, technological changes, decarbonization and a move away from globalization. “We…

Years after the longest Canada Post strike on record came to an end, a government report summarizing media coverage of the shutdown concluded “most of the effects of the strike were temporary” and only lasted “for a short time” after staff went back to work.  But that was in December 1975.  This year’s strike has…

Montreal·New After laying off 920 employees this year, the Quebec-based electric bus and truck manufacturer Lion Electric has announced it is entering creditor protection. Deadline for company to repay loans had been pushed back to Dec. 16 CBC News · Posted: Dec 17, 2024 8:23 AM EST | Last Updated: 25 minutes ago Lion Electric,…

Monday’s media lockup for the Fall Economic Statement (FES) will go down in history as one of the weirdest events in Canadian political history. The doors to the policy briefing in Ottawa opened at 9 a.m. Chrystia Freeland resigned as finance minister seven minutes later, kicking off round after round of rumour and speculation. Hours…

The federal government tabled a fall economic statement Monday that calls for more than $20 billion in new spending and explains how last fiscal year’s deficit ballooned to $61.9 billion — but it was Chrystia Freeland’s abrupt resignation as finance minister and her questioning of her own government’s economic policy that sent Canadian politics into a frenzy. The day was thrown…

Business TikTok on Monday asked the U.S. Supreme Court to step in on an emergency basis to block the federal law that would ban the popular platform in the United States unless its China-based parent company agreed to sell it. Ban set to take effect on Jan. 19 unless TikTok’s China-based parent company agrees to…

U.S. president-elect Donald Trump, with SoftBank Group CEO Masayoshi Son at his side, announced on Monday that the Tokyo-based company would invest $100 billion US in the U.S. over the next four years, in what the two called a boost to the country’s economy. Trump said in his joint appearance with Son that the investment would create 100,000…

The latest: Public Safety Minister Dominic LeBlanc will be sworn in later today as Canada’s new finance minister after Chrystia Freeland’s shock resignation, sources say. Freeland says PM told her Friday he no longer wanted her to serve as finance minister. Rather than accept a job change, Freeland resigned Monday. In letter to Trudeau announcing…