Tuesday, February 20, 2024
OTTAWA (Reuters) -The Canadian government will prioritize creating the economic conditions in its next budget to allow for interest rates to come down from a 22-year high of 5%, Finance Minister Chrystia Freeland said on Tuesday. "We definitely are conscious...
Innovation, Science and Industry Minister François-Philippe Champagne is calling on the Competition Bureau to use its new powers to take another look at the cost of groceries in Canada. Last June, the bureau released a report that said Canada's grocery sector...
OTTAWA — Industry Minister François-Philippe Champagne says federal corporations are now required to file beneficial ownership information with Corporations Canada and that some of this information will be made available publicly. The change is part of the government's move to...
OTTAWA — Federal cabinet ministers meeting in Montreal next week to prepare for the upcoming parliamentary sitting will be told that they simply cannot be too bold when it comes to solving Canada's housing crisis or preparing for the...
Canadians feeling like they weren’t as productive as they could’ve been in 2023 can take solace. Neither was Canada’s economy. Labour productivity — a broad measure of real gross domestic product by hours worked across the economy — has declined nationally in...
Finance Minister Chyrstia Freeland will not present the 2024 budget until early spring but as early as last July the federal government has been actively seeking input from Canadians on that budget's major themes. Indeed, internal government polls obtained by Global News,...
OTTAWA — Finance Minister Chrystia Freeland has approved RBC's $13.5-billion takeover of HSBC Canada, despite calls from opposition politicians and other groups to block it over concerns of reduced competition. Freeland's approval was the last hurdle for the deal after...
TORONTO — Five things to watch for in the Canadian business world in the coming week: Household debt Statistics Canada will release its third-quarter national balance sheet and financial flow accounts figures on Wednesday. The report will include the latest reading...
OTTAWA — Liberals and New Democrats appear to be inching closer to an agreement on proposed pharmacare legislation, but a national drug plan may be farther out of reach than ever after this week's federal fiscal update. The Liberals promised...
OTTAWA — Almost half of the Canada Growth Fund for clean technology investments will be allocated to special contracts intended to give companies the confidence they need to make major investments to lower their greenhouse-gas emissions. Finance Minister Chrystia Freeland...
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