Category Archives: Economy
Annual inflation rate hit 5.7% in February amid broad-based price increases
OTTAWA — The cost of living jumped in February at a rate not seen in over 30 years on the back of rising prices for gasoline and groceries, which economists warn are set to become more expensive and push inflation
CRA looked to resume collection efforts in full ahead of tax season, documents show
OTTAWA — The federal minister in charge of the Canada Revenue Agency was told after the election that the agency planned to go full speed on collecting debts just in time for tax season. The briefing documents to Revenue Minister Diane
Live updates: Ukraine, Russia continue talks over video
LVIV, Ukraine -- Ukrainian and Russian delegations held talks again Wednesday by video. Ukrainian President Volodymyr Zelenskyy's adviser Mikhailo Podolyak said Ukraine demanded a cease-fire, the withdrawal
Pandemic preparedness bill moves ahead; funding still needed
WASHINGTON (AP) — A Senate committee has approved a bipartisan blueprint to overhaul the nation’s public health system, applying the lessons of COVID-19 to future outbreaks through a new chain of command, a stronger medical supply chain, and clearer cr...
Protesters blame Sri Lanka leader for severe economic crisis
COLOMBO, Sri Lanka (AP) — Anti-government protests roiled Sri Lanka's capital on Tuesday amid demands that President Gotabaya Rajapaksa resign, as the country suffers its worst economic crisis within memory.
AP FACT CHECK: Biden skirts blame on inflation; GOP gas hype
WASHINGTON (AP) — Facing political attacks over rising costs, President Joe Biden exaggerated his role in reducing the federal deficit and skirted responsibility by asserting that a flood of government spending into the economy has no impact at all on
Honda plans $1.38B plant upgrade in Ontario, feds and province to invest millions
ALLISTON, Ont. — A division of Honda Canada Inc. is set to announce Wednesday that it will spend $1.38 billion over six years to upgrade an Ontario manufacturing plant to make electric hybrid vehicles, an investment that includes millions in
Watchdog has concerns with projects at US nuclear repository
ALBUQUERQUE, N.M. (AP) — There’s no way of knowing if cost increases and missed construction deadlines will continue at the only U.S. underground nuclear waste repository, according to independent federal investigators, according to results of a federa...
A look at Canada’s sanctions and other actions against Russia
Canada has toughened sanctions against Russia following Moscow's attack on neighbouring Ukraine.Canada has sanctioned more than 900 Russian, Ukrainian and Belarusian entities and individuals it says are enabling and supporting President Vladimir Putin'...
Embattled Federal Reserve pick Raskin withdraws nomination
WASHINGTON (AP) — Sarah Bloom Raskin, under fire from Senate Republicans for her views on climate change and financial regulation, has withdrawn her name from consideration for a key post on the Federal Reserve's Board of Governors.
