Author: admin
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Republicans split on Canada as Trump’s trade war escalates: polls
Americans are becoming increasingly divided on their feelings about their northern neighbours and the freshly stoked trade war, according to new polls released this week. Polling conducted by YouGov for The Economist found that 38 per cent of Republican voters “now view Canada as unfriendly or an enemy, by far the highest level in the…
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Federal government admits two trans inmates charged with sexual assault after transfer to women’s prisons
The federal government has acknowledged that two transgender inmates incarcerated in women’s prisons faced sexual-assault charges following complaints made by female inmates. On Monday, the government filed its statement of defence in an ongoing constitutional challenge to Correctional Service Canada’s (CSC) policy allowing some “gender diverse” inmates to be transferred to women’s prisons. The CSC…
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Lake Ontario renamed ‘Lake America’ for U.S. users of Apple Maps
Apple has changed the name of Lake Ontario to Lake America on the web version of its Apple Maps, but only for U.S. users of the service. The decision by the tech giant took place on Tuesday, the same day John Ternus officially took over as CEO, succeeding Tim Cook, who had led the company…
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Canada can ride out global bond rout, Finance Minister says
Finance Minister Francois-Philippe Champagne said positive investor sentiment is helping keep Canada’s borrowing costs in check despite a global bond rout , arguing the country’s finances are strong enough to handle the volatility. A selloff in government debt has sent the yield on 30-year United States Treasuries surging to about 5.27 per cent, creating major…
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Bank of Canada holds interest rate at 2.25% as trade war clouds outlook
The Bank of Canada on Wednesday held its key interest rate at 2.25 per cent for the seventh consecutive time, which was widely expected by economists due to the ongoing uncertainty from rising trade tensions and renewed hostilities in the war on Iran. “Since our last decision in July, the conflict in the Middle East…
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Canadian Tire launches loyalty partnership with Tim Hortons
Canadian Tire Corp. Ltd. has officially launched its loyalty partnership with Tim Hortons which would let customers of both Canadian brands rack up points by linking their rewards cards. The company said the linked loyalty partnership will help members of both Canadian Tire’s Triangle Rewards and Tim Horton’s Tims Rewards get more value from their…
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Bank of Canada holds interest rates: Read the official statement
Here’s the Bank of Canada ’s official statement for its rate decision: The Bank of Canada today held its target for the overnight rate at 2.25 per cent, with the Bank Rate at 2.5 per cent and the deposit rate at 2.20 per cent. The continuing conflict in the Middle East is keeping energy prices…
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‘You can’t lay bees off.’ Canadians will see cheap honey in trade war, but the sting will come
Honey is one of hundreds of Canadian products that have been hit with a 50 per cent tariff to enter the United States, grinding exports to a halt. More honey staying north of the border could mean lower prices for consumers in the short term. But over time, the loss of Canada’s largest export market…
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Feds to announce gas tax holiday extension until January
OTTAWA — Finance Minister François-Philippe Champagne will announce an extension of the gas tax holiday until the end of January, according to a government source. The previously announced pause on the tax was set to end on Sept. 7, adding 10 cents per litre of gas and four cents per litre of diesel after Labour…
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Posthaste: Are we on the verge of a home-buying tidal wave?
Thousands of Canadians may soon enter the housing market as the country’s real estate looks to be on the verge of getting out of correction territory, according to the Royal Bank of Canada. RBC Economics estimates more than 400,000 potential households have been suppressed since 2019, many of whom have been renting for longer than…