Economy, Law & Politics

TORONTO — Canadian business leaders say Donald Trump's threat to impose a 25 per cent tariff on all Canadian goods would be a "lose-lose" scenario in which local companies face pressure to lower their costs while their American counterparts pay more.

TORONTO — Consumer debt rose to a record $2.5 trillion in the third quarter as many Canadians continue to struggle with high living costs and rising unemployment, new surveys from two credit bureaus say.

OTTAWA — Bank of Canada deputy governor Rhys Mendes says allowing for a period of price declines may sound tempting, but it would ultimately be more painful for Canadians.

A key issue in bargaining has been a push to expand parcel deliveries into the weekend, but the union and Canada Post are at odds over how to make it work.

NEW YORK (AP) — President-elect Donald Trump is threatening to impose sweeping new tariffs on Mexico, Canada and China as soon as he takes office as part of his efforts to crack down on illegal immigration and drugs.

A property tax hike of 5.5 per cent is recommended to balance the budget, which includes a $434-million request from the Vancouver Police Department.

OTTAWA — Canada's premiers are asking Prime Minister Justin Trudeau to hold an urgent first ministers' meeting ahead of the return to office of president-elect Donald Trump.

Immigration Minister Marc Miller told the House of Commons immigration committee Monday that the asylum and refugee system is not working the way it should due to volume and inefficiency.

B.C. Information and Privacy Commissioner Michael Harvey says in a statement that "the road to accountability and transparency has been too long" for the victims of the data breach.