By Canadian Press on January 31st, 2025
U.S. President Donald Trump has said he will impose a 25 per cent tariff on Canadian goods as early as Saturday. Politicians and business groups are making a final push today in the hope of avoiding or mitigating the move, and the economic uncertainty that would follow. Here’s the latest (all times Eastern): ——— 11:20 ... Read More »
Be the first to comment!By Canadian Press on January 31st, 2025
Canadian journalism organizations are having to wait a bit longer for their share of the $100 million Google agreed to pay news outlets to be exempt from the Online News Act. The organization administering the money now says funds will flow to outlets later than the January timeline it first provided. The Canadian Journalism Collective ... Read More »
Be the first to comment!By Canadian Press on January 31st, 2025
The federal government says it is deferring the implementation of a hike to the capital gains inclusion rate to next year. The deferral moves back the implementation of the change from June 25, 2024 to January 1, 2026. The deferral offers a reprieve for Canadians and businesses who were seeking clarity as the tax deadline ... Read More »
Be the first to comment!By Canadian Press on January 31st, 2025
OTTAWA — Liberal leadership contender Mark Carney is backing away from Prime Minister Justin Trudeau’s consumer carbon pricing regime but will keep industrial pricing in place. Carney said the country has become divided over the policy because Canadians have been fed “misinformation” by Conservative Opposition Leader Pierre Poilievre. “Since Canada’s current climate policy has become ... Read More »
Be the first to comment!By Canadian Press on January 31st, 2025
WASHINGTON — Prime Minister Justin Trudeau says Canada is ready to deliver a “purposeful, forceful but reasonable immediate” response if U.S. President Donald Trump imposes tariffs on Canadian imports. During an event in Toronto today, Trudeau said that it’s “not what we want, but if he moves forward, we will also act.” His comments come ... Read More »
2 responsesBy Canadian Press on January 31st, 2025
Ontario Liberal Leader Bonnie Crombie is pledging to install platform barriers at all Toronto subway stations, increase crisis intervention teams and hire more constables for transit services across the province. Crombie did not release the cost of the proposed plan she would enact should she become premier, but says it will come during the campaign. ... Read More »
Be the first to comment!By Canadian Press on January 31st, 2025
OTTAWA — Liberal leadership hopeful Chrystia Freeland says Canada should target Teslas and U.S. alcohol as part of its tariff retaliation package should U.S. President Donald Trump made good on his trade threats. In an interview with The Canadian Press, Freeland says there should be a 100 per cent tariff on all U.S. wine, beer ... Read More »
Be the first to comment!By Canadian Press on January 31st, 2025
OTTAWA — Statistics Canada says real gross domestic product decreased 0.2 per cent in November, the largest monthly contraction since December 2023. However, the agency says its preliminary estimate for December pointed to an increase of 0.2 per cent for the final month of the year. The advance estimate suggests an annualized growth rate of ... Read More »
Be the first to comment!By Canadian Press on January 31st, 2025
OTTAWA — Liberal leadership contender Mark Carney is expected to announce a plan on Friday to abandon consumer carbon pricing but keep industrial pricing in place. “The consumer carbon tax isn’t working — it’s become too divisive,” Carney said in a written statement provided to The Canadian Press ahead of the announcement. “That’s why I’ll ... Read More »
Be the first to comment!By Canadian Press on January 31st, 2025
Here is a roundup of stories from The Canadian Press designed to bring you up to speed… Ministers make pitch to avert Trump tariffs A trio of federal cabinet ministers is in Washington today making a last-ditch attempt to stop U.S. President Donald Trump from imposing economically devastating tariffs on Canadian imports. Foreign Affairs Minister ... Read More »
Be the first to comment!By Canadian Press on January 31st, 2025
WASHINGTON — A trio of federal cabinet ministers is in Washington today making a last-ditch attempt to stop U.S. President Donald Trump from imposing economically devastating tariffs on Canadian imports. Foreign Affairs Minister Mélanie Joly, Public Safety Minister David McGuinty and Immigration Minister Marc Miller are all in the U.S. capital, making a final diplomatic ... Read More »
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