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Economy, Law & Politics
Economy, Law & Politics
Federal government posts $14.5-billion deficit for April-to-October period
OTTAWA — The Finance Department says the federal deficit was $14.5 billion between April and October. That compares to a $15.1 billion deficit over the same period last year. According to the monthly fiscal monitor, revenues were up $26.
Dec 20, 2024 8:00 AM
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Rob Shaw: B.C. housing minister's threats put municipal autonomy to the test
Municipalities pushing back against province’s housing policy
Dec 20, 2024 8:00 AM
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Temporary GST tax holiday taxes patience of business
Two-month tax holiday saves customers pennies
Dec 20, 2024 7:00 AM
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Insolvency wave hit B.C. firms hard in 2024 amid economic squeeze
Inflation, elevated interest rates, market disruptions drove business failures in key sectors
Dec 20, 2024 6:00 AM
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MPs Bendayan, Duguid, Fisher to join Trudeau cabinet in shuffle Friday
OTTAWA — Prime Minister Justin Trudeau is set to add multiple new names to his cabinet Friday when he shuffles his team days after Chrystia Freeland rattled the party and the government with her sudden resignation as finance minister.
Dec 19, 2024 3:47 PM
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LeBlanc says it's not the government's job to respond to everything Trump posts
OTTAWA — Finance Minister Dominic LeBlanc says it's not the Liberal government's job to respond to everything U.S. president-elect Donald Trump posts online.
Dec 19, 2024 2:44 PM
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S&P/TSX suffers triple-digit losses; loonie also slides while U.S. markets rise
TORONTO — Canada's main stock index slumped again on Thursday, dragged lower by losses in sectors like industrials and real estate, while U.S. markets rose a day after one of their worst declines of the year.
Dec 19, 2024 2:03 PM
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Ottawa has yet to pass the law to raise the capital gains tax. What it means for your 2024 taxes
The federal government said the tax hike would take effect on June 25, 2024, but political turmoil in Parliament has prevented it from passing the legislation introducing the change
Dec 19, 2024 1:30 PM
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Stock market today: Wall Street ends little changed after giving up a big morning gain
NEW YORK (AP) — An early rebound for U.S. stocks petered out by the end of the day, leaving indexes close to flat. The S&P 500 edged down by 0.
Dec 19, 2024 1:11 PM
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U.S. tariffs potentially devastating for Canadian businesses: CME poll
OTTAWA — The tariffs threatened by U.S. president-elect Donald Trump could be potentially devastating for Canadian businesses and workers, said a new survey by lobby group Canadian Manufacturers and Exporters.
Dec 19, 2024 12:46 PM
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