Breaking News for a Boundless World
The first polls in Canada’s federal election have closed in Newfoundland and Labrador as millions of Canadians cast their ballot in the 2025 federal general election. To watch as the live results of the election roll in, click here. Newfoundland and Labrador was the first province where polls closed on Monday at 8:30 p.m. local…
The Bank of Canada on Wednesday decided to hold its benchmark interest rate steady, a move that could affect homeowners and prospective buyers across the country. According to a recent Royal LePage report, 1.2 million mortgages will be up for renewal in Canada this year. Royal LePage CEO Phil Soper told Global News that the…
The economic impact of U.S. President Donald Trump’s tariffs will be in focus as the Bank of Canada is set to announce its overnight interest rate Wednesday. Some analysts expect the central bank to cut its benchmark rate by 25 basis points, bringing it down to 2.5 per cent. Others expect the bank to hold…
Descrease article font size Increase article font size Overall inflation eased for Canadians in March, but the end of the GST/HST holiday and U.S. President Donald Trump’s trade war continues to stress consumers in Canada. Statistics Canada said Tuesday that the annual pace of inflation cooled to 2.3 per cent in March, compared to 2.6…
Spring is a time for many Canadian homeowners to finally get started on that remodel they’ve been hoping for. But this year, U.S. President Donald Trump’s trade war might throw a wrench into some renovation plans. Fears of a recession and uncertainty about job security may be weighing on Canadians who were planning a home…
The North American car industry is reeling under U.S. President Donald Trump’s tariffs, and experts say it won’t just be those in the market for a new car feeling the hit. Existing car owners will feel the pinch too. According to the Canadian Chamber of Commerce, the auto tariffs, coupled with Trump’s tariffs on steel…
The global video game industry is finding it hard to level up as U.S. President Donald Trump continues to escalate his global tariff war. Retail experts say gaming giant Nintendo’s decision to pause pre-orders in the U.S. and Canada is an indication of the tough boss battles ahead for the gaming industry. Nintendo said it is…
Many Canadians breathed a sigh of relief when U.S. President Donald Trump’s global tariffs did not add to those already on Canada, but experts warn his trade war with China could still hurt Canadians. Trump threatened additional tariffs on China on Monday on social media after China said it would retaliate against the U.S. “reciprocal” tariffs…
Roughly one in three Canadian businesses now assume there will be a recession in this country over the next year, a Bank of Canada survey released Monday shows. The Bank of Canada’s Business Outlook Survey is a summary of interviews conducted by the bank with business leaders from around 100 Canadian firms. It forecasts a…
Canada’s auto sector is bracing for a day of confusion as countries around the world wait for news later Wednesday of new tariffs set to be announced by U.S. President Donald Trump. David Adams, president of the Global Automakers of Canada, told Global News that the Canadian auto industry was bracing for a day of…
Descrease article font size Increase article font size U.S. President Donald Trump’s “dizzying” tariffs against Canada are causing great uncertainty in the Canadian economy, but they may not be enough — so far — to trigger a recession, a new report from the Royal Bank of Canada said. “The start and stop of trade threats…
Industry groups in Canada are bracing for the “chaos and damage” they say will come from U.S. President Donald Trump’s 25 per cent tariffs on all vehicle imports, a move that could upend the highly integrated North American auto supply chain. Trump announced the latest set of tariffs on Wednesday, signing an executive order that…
Canada has been working to “prepare for the worst” as the country braces for a new set of tariffs from U.S. President Donald Trump that could hit as early as next week, Prime Minister Mark Carney says. Carney spoke Tuesday while at an event in Nova Scotia, where he was campaigning as Liberal leader in…
Spring is typically the time of year when activity in Canada’s housing market heats up, but this year’s spring housing market appears to be dampened by the threat of U.S. President Donald Trump’s tariffs. But is there a silver lining for any prospective buyers? Home sales in Canada declined 9.8 per cent annually in February,…
The outlook for Canada’s housing market remains uncertain after the Bank of Canada cut its key interest rate on Wednesday amid what it calls “pervasive uncertainty” around the trade war imposed by the U.S. The central bank cut its benchmark rate by 25 basis points, bringing it down to 2.75 per cent. This was the…
The Bank of Canada is set to announce whether it will cut interest rates Wednesday as an escalating trade war looms over the Canadian and American economies. U.S. President Donald Trump on Tuesday escalated his trade war against Canada, threatening to double the tariffs on steel and aluminum from Canada from 25 per cent to…
Descrease article font size Increase article font size The Liberal Party of Canada will announce its new leader shortly. Four contenders were on the ballot to replace Justin Trudeau for the top job in the party and to become the next prime minister. Former Bank of Canada and Bank of England governor Mark Carney, former…
U.S. President Donald Trump’s broad-based, sweeping tariffs could cause significant economic damage to Canada, but his own economy will take a hit as well, a new report by the Royal Bank of Canada has said. Economists have warned that if Trump’s tariffs remain in place for a sustained period of time, Canada could slip into…
Prime Minister Justin Trudeau on Tuesday said Ottawa is hitting back against U.S. President Donald Trump‘s tariffs against Canada. In a press conference held in Ottawa, he called Washington’s trade action “very dumb” and vowed to “hit back hard” as the country retaliates to try and get the tariffs lifted as soon as possible. Here…
Descrease article font size Increase article font size Canada’s economy grew in the final months of 2024, even as the shadow of U.S. President Donald Trump‘s threatened tariffs looms over the country. Statistics Canada said Canada’s GDP grew by 0.6 per cent in the fourth quarter of 2024, compared to 0.5 per cent in the…
Police in Surrey, B.C. say three people were killed and one person suffered life-threatening injuries after a three-vehicle collision on the east end of the Patullo Bridge. The collision happened on Friday night. Shortly after 10 p.m., police said they were informed by BC Emergency Health Services that two passenger vehicles and one semi-trailer truck…
Donald Trump is going to impose reciprocal tariffs on Thursday afternoon, the U.S. president said in a post on his Truth Social platform. “NEWS CONFERENCE ON RECIPROCAL TARIFFS TODAY, 1:00 P.M., THE OVAL OFFICE. MAKE AMERICA GREAT AGAIN!!!” Trump said in the post. He posted earlier in the day, saying it was going to be a…
Descrease article font size Increase article font size Transport Canada issued a recall for several popular models of Toyota and Ford cars on Monday. The first recall pertains to four Toyota models that were manufactured in 2023, Transport Canada said. The recall was issued for the 2023 models of the Toyota Tacoma, Toyota Highlander, Toyota…
Industry groups in Canada breathed a sigh of relief Monday when U.S. President Donald Trump agreed to pause tariffs on Canada after a phone call with Prime Minister Justin Trudeau. But Canada is not out of the woods yet, they argue, and now is the time to dismantle some interprovincial trade barriers to blunt the…
NDP Leader Jagmeet Singh on Thursday called on the minority Liberals to recall Parliament and pass legislative relief measures for workers set to be hit by U.S. tariffs expected this weekend. “If you’re serious about supporting workers, I’m demanding that the Liberal government call back Parliament. Let’s put before Parliament a package to protect workers….
Part of Ottawa’s response to the threats of tariffs by U.S. President Donald Trump so far has been to vow to work on easing interprovincial trade barriers. Some experts say one sector where consumers often feel the effects of those barriers is the sale and purchase of alcohol across provincial lines. “It’s easier to get a…
