National News
BoC cuts key rate by quarter point to 3% as tariffs threat loom
By Canadian Press on January 29th, 2025
OTTAWA — The Bank of Canada delivered another interest rate cut today, reducing its policy rate by a quarter-percentage point to three per cent. It’s the central bank’s sixth straight cut since June, with inflation sitting around two per cent. It says the cuts are having an impact, with lower interest rates boosting household spending ... Read More »
Be the first to comment!Ottawa revamps disaster relief program with new focus on mitigation, rebuilding
By Canadian Press on January 29th, 2025
OTTAWA — The federal government is overhauling the way it reimburses provinces and territories after natural disasters, with a new focus on funding rebuilding efforts that try to prevent the same level of destruction in a future disaster. The new funding program is also aimed at speeding up the flow of money during recovery efforts. ... Read More »
Be the first to comment!In the news today: Joly in Washington, mosque attack anniversary, Ontario election
By Canadian Press on January 29th, 2025
Here is a roundup of stories from The Canadian Press designed to bring you up to speed… Joly to meet with U.S. counterpart Rubio Foreign Affairs Minister Mélanie Joly is back in Washington, D.C., today to meet with U.S. Secretary of State Marco Rubio as Canada faces the threat of devastating tariffs landing as early ... Read More »
Be the first to comment!Privy Council had diplomats urge Denmark to expedite Carolyn Bennett’s ambassadorship
By Canadian Press on January 29th, 2025
OTTAWA — Bureaucrats working for Prime Minister Justin Trudeau had diplomats push Denmark to speed up the appointment of former cabinet minister Carolyn Bennett as ambassador to that country — a change most embassy staff learned of through a media leak. The government has not offered a rationale for asking Denmark to expedite its approval ... Read More »
Be the first to comment!Joly to meet with U.S. Secretary of State Rubio as tariff threat looms
By Canadian Press on January 29th, 2025
WASHINGTON — Foreign Affairs Minister Mélanie Joly is back in Washington, D.C., today to meet with U.S. Secretary of State Marco Rubio as Canada faces the threat of devastating tariffs landing as early as Saturday. Joly said Monday that she still believes diplomacy can fend off President Donald Trump’s plan to slap Canada with 25 ... Read More »
Be the first to comment!‘Duty to remember:’ Events to mark eighth anniversary of Quebec City mosque attack
By Canadian Press on January 29th, 2025
MONTREAL — Only one bullet hole remains in the wall of the Centre culturel islamique de Québec, eight years after a gunman stormed into the mosque and killed six Muslim men who had come to pray. While a major renovation erased most traces of the attack, the mosque’s president, Mohamed Labidi, says the one hole ... Read More »
Be the first to comment!BoC expected to lower interest rates today, as forecasts predict quarter-point cut
By Canadian Press on January 29th, 2025
OTTAWA — The Bank of Canada is set to make its first interest rate announcement of the year this morning. Forecasters are widely expecting a quarter-percentage-point cut. That would bring the Bank of Canada’s key rate down to three per cent and mark its sixth straight decrease. The latest employment figures in Statistics Canada’s December ... Read More »
Be the first to comment!Eby says tariffs could hit B.C. harder than 2008 crisis, backs pandemic-style relief
By Canadian Press on January 28th, 2025
VANCOUVER — Projections show U.S. President Donald Trump’s promised tariffs on Canadian goods could hit British Columbia’s economy harder than the recession triggered by the 2008 global financial crisis, Premier David Eby said as he backed pandemic-style relief measures. Eby said Tuesday his government would make sure “every harm that is inflicted on British Columbia ... Read More »
Be the first to comment!Eby says tariffs could hit B.C. harder than 2008 crisis, vows pandemic-style relief
By Canadian Press on January 28th, 2025
VANCOUVER — Projections show U.S. President Donald Trump’s promised tariffs on Canadian goods could hit British Columbia’s economy harder than the recession triggered by the 2008 global financial crisis, Premier David Eby said as he pledged pandemic-style relief measures. Eby said Tuesday his government would make sure “every harm that is inflicted on British Columbia ... Read More »
Be the first to comment!Eby says U.S tariff could hit harder than 2008 recession, vows pandemic-style relief
By Canadian Press on January 28th, 2025
VANCOUVER — Projections show U.S. President Donald Trump’s promised tariff on Canadian goods could be a more serious hit for British Columbia’s economy than the 2008 recession, Premier David Eby said as he pledged pandemic-style relief measures. Eby said Tuesday that his government would make sure “every harm that is inflicted on British Columbia families ... Read More »
4 responsesLife sentence for B.C. hit man who killed Malik, as family asks who hired him
By Canadian Press on January 28th, 2025
NEW WESTMINSTER, B.C. — One of the two hit men who shot Ripudaman Singh Malik to death in Surrey, B.C., in 2022 has been handed a life sentence without parole for 20 years — but the victim’s family still wants to know who hired the pair of young killers. Tanner Fox, 24, told the B.C. ... Read More »
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