The Bank of Canada held its key interest rate steady at five per cent, arguing it is still too soon to start lowering rates.
Bank of Canada holds key rate steady at 5%, says too early to cut
BoC to announce interest rate decision today, widely expected to hold key rate at 5%
Economists widely expect the central bank to maintain its key interest rate at five per cent, despite signs inflation is cooling.
PBO expects inflation to fall to 2% by end of year, deficit to grow amid weak economy
The parliamentary budget officer is projecting inflation will return to the Bank of Canada’s two per cent target by the end of the year and the federal deficit will grow amid weakening economic conditions.
State funeral for Brian Mulroney to be held on March 23
A state funeral for former prime minister Brian Mulroney will be held in Montreal on Saturday, March 23
Four provinces confirm measles cases with Montreal deemed Canada’s epicentre
Seventeen cases of measles have been confirmed in Quebec, Ontario, Saskatchewan and British Columbia — more than half of those in the Montreal area, while one Ontario case has been linked to a high school.
Ottawa says its housing deals with cities will build 750,000 homes in the next decade
The Liberal government says it has reached 179 housing agreements with municipalities that will help build 750,000 homes over the next decade.
Finance Minister Chrystia Freeland to present Liberals’ federal budget on April 16
Finance Minister Chrystia Freeland will present the federal budget on April 16, as cost-of-living issues continue to dominate Canadian politics
Bank of Canada expected to hold interest rates this week as grey cloud hangs over economy
The Bank of Canada is expected to preach patience at its interest rate announcement this week as economists say weakening economic conditions are setting the stage for rate cuts in the coming months.
House of Commons silent, Parliament Hill flag at half-mast after death of Mulroney
Members of Parliament are absent from the House of Commons as Canadians mourn the death of former prime minister Brian Mulroney.
Ottawa repurposing $10.5B to hike spending on health care, housing over three years
The federal government will repurpose $10.5 billion from the budgets of 69 departments, agencies and Crown corporations, Treasury Board President Anita Anand said Thursday
Canada bringing back visa requirements for Mexico to slow asylum claims
New visa requirements Ottawa is imposing on people travelling from Mexico are meant to curb the number of asylum claims in Canada as well as stem the flow of people crossing into the United States, Immigration Minister Marc Miller said Thursday
Nav Bhatia explores ‘Superfan’ journey and uncovers diversity in new memoir
Nav Bhatia, popularly known as the Raptors Superfan, launched his memoir, “The Heart of a Superfan” on Monday. The book unfolds Bhatia’s journey from India to Canada, delving into his 29-year-old love affair with the team.
Liberals to table Pharmacare bill one day ahead of deadline negotiated with NDP
Health Minister Mark Holland is expected to table a long-awaited bill Thursday meant to pave the way for national pharmacare and preserve a deal that secures NDP support for the government in the House of Commons
Bill 21: Quebec Court of Appeal to rule on constitutionality of secularism law
The Quebec Court of Appeal will rule today on the constitutionality of the province’s secularism law, better known as Bill 21
Fired scientists failed to protect sensitive information, newly released records say
Two scientists at a high-security laboratory lost their jobs after reviews found they failed to protect sensitive assets and information and played down their collaborations with Chinese government agencies, newly released records show
Economy grew at annualized rate of 1% in Q4, Statistics Canada says
The Canadian economy expanded at an annualized rate of one per cent in the fourth quarter as high interest rates weighed on growth, but not enough to push the economy into a recession
Online harms: Civil liberty, law critics say stiffer hate crime sentences ‘troubling’
The Liberal government is proposing “draconian penalties” in the Criminal Code as part of its sweeping plan to target online hate, the Canadian Civil Liberties Association warns.
New Leger poll suggests support for Conservatives, Pierre Poilievre is growing
A new poll suggests support for Pierre Poilievre is growing, and most Canadians are optimistic about their household finances.