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Economy, Law & Politics

Drama eclipses Trudeau's cabinet shuffle amid sabre rattling over election timing

Drama eclipses Trudeau's cabinet shuffle amid sabre rattling over election timing

The typical excitement and celebratory vibes of a cabinet shuffle were absent earlier Friday, as eight backbench Liberals were promoted to cabinet and four existing ministers got new or additional roles.
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S&P/TSX up almost 200 points, U.S. stock markets also rise to end rocky week

S&P/TSX up almost 200 points, U.S. stock markets also rise to end rocky week

TORONTO — Canada's main stock index gained almost 200 points Friday as markets broadly rose to end a rocky trading week, with the main U.S. indexes each gaining more than one per cent. The S&P/TSX composite index closed up 185.
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Singh says NDP will bring forward a non-confidence motion to bring government down

Singh says NDP will bring forward a non-confidence motion to bring government down

If such a vote were to pass, it would trigger an election. The House is scheduled to sit again until Jan. 27.
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Stock market today: Wall Street rises to turn a dismal week into just a bad one

Stock market today: Wall Street rises to turn a dismal week into just a bad one

NEW YORK (AP) — U.S. stocks rose to turn what would have been one of the market’s worst weeks of the year into just a pretty bad one. The S&P 500 rallied 1.1% Friday to shave its loss for the week down to 2%.
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Home affordability improves, but still challenging for many Canadians: RBC report

Home affordability improves, but still challenging for many Canadians: RBC report

TORONTO — Home affordability in Canada is improving, according to a new RBC Economics report, but strains remain. The report, released Friday, said home ownership costs in Canada have eased for three consecutive quarters.
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Federal government posts $14.5-billion deficit for April-to-October period

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.
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Rob Shaw: B.C. housing minister's threats put municipal autonomy to the test

Rob Shaw: B.C. housing minister's threats put municipal autonomy to the test

Municipalities pushing back against province’s housing policy
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Temporary GST tax holiday taxes patience of business

Temporary GST tax holiday taxes patience of business

Two-month tax holiday saves customers pennies
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Insolvency wave hit B.C. firms hard in 2024 amid economic squeeze

Insolvency wave hit B.C. firms hard in 2024 amid economic squeeze

Inflation, elevated interest rates, market disruptions drove business failures in key sectors
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MPs Bendayan, Duguid, Fisher to join Trudeau cabinet in shuffle Friday

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.
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