Ontario premier urges Carney to maintain tariff on Chinese EVs despite canola levy
Canada needs to maintain its 100 per cent tariff on Chinese electric vehicles, Ontario Premier Doug Ford said in an open letter to Prime Minister Mark Carney on Wednesday.
Ford said the measure is critical to securing a trade deal with the U.S. and protecting Canada's auto sector.
"If the federal government removes its tariffs against Chinese-made EVs, you will contradict and undermine months of engagement with U.S. officials and lawmakers about the need to protect and enhance our highly integrated cross-border automotive supply chains," Ford writes.
Bank of Canada cuts key interest rate to 2.5% as U.S. tariff risks shift
The Bank of Canada cut its benchmark interest rate by a quarter point on Wednesday as the central bank worries less about inflation risks and more about a slowing economy.
The Bank of Canada’s policy rate now stands at 2.5 per cent, breaking a streak of three consecutive holds since March.
Governor Tiff Macklem said the risks have shifted since the Bank of Canada’s last interest rate decision in July.
Cracks in the labour market and a sharp drop in exports are threatening growth, he said, while earlier signs of underlying inflation pressure are fading.
Canadian obstetricians say Tylenol is still safe to take in pregnancy after position review
A group representing Canada's obstetricians and gynecologists says it has reviewed evidence on Tylenol use during pregnancy and maintains that the painkiller is safe.
The Society of Obstetricians and Gynaecologists of Canada said on Monday that it has revisited its position in light of reports questioning whether there is a link between mothers taking acetaminophen while pregnant and autism in children.
Liberals will table the federal budget on Nov. 4, Champagne says
Finance Minister François-Philippe Champagne says the government will table the federal budget on Nov. 4.
The long-awaited spending plan will be the federal Liberals' first under Prime Minister Mark Carney and comes as Ottawa's budget watchdog says he's worried about a lack of fiscal prudence.
It also will be Champagne's first budget as finance minister. He announced the date during question period Tuesday.
He said the plan will offer a "generational investment" in Canada's future.
Freeland resigns from cabinet as she takes on new role as special envoy to Ukraine
Prime Minister Mark Carney has appointed Chrystia Freeland as Canada's new special envoy for the reconstruction of Ukraine.
While Freeland announced her resignation as transport minister on social media today, she will remain in the House of Commons as an MP until the next election.
She left today's regular cabinet meeting smiling and talking with Carney, but neither answered questions from reporters stationed outside the room.
Inflation ticks higher to 1.9% in August, short of economists’ expectations
Some stubbornness at the gas pumps pushed the headline inflation rate a couple ticks higher to 1.9 per cent in August, Statistics Canada said Tuesday.
Gasoline prices rose 1.4 per cent month-over-month in August as higher refining margins offset lower crude costs, StatCan said.
The price of gas was still down 12.7 per cent annually in August – the end of the consumer carbon price has deflated costs for motorists since the spring – but the decline fell short of July’s 16.1 per cent drop, pushing the headline inflation rate higher.
Liberals, Conservatives talk co-operation but trade jabs as Parliament returns
After talking up the prospect of cross-party collaboration in the House of Commons, Liberal and Conservative MPs wasted little time after Parliament resumed Monday before reverting to partisan attacks over housing and the cost of living.
The tone was set early Monday afternoon, when the first-ever question period exchange between Prime Minister Mark Carney and Conservative Leader Pierre Poilievre began cordially before turning belligerent.
Elections Canada to launch review following issues with special ballots
Elections Canada is launching a probe into problems with special ballots in the last federal election.
"We really have to look at the controls in place to make sure that they are sufficient," and make improvements where possible, Chief Electoral Officer Stéphane Perrault told reporters at a press conference on Parliament Hill on Monday.
Plans for the review were outlined on Monday in the agency's report on the 45th general election held on April 28. The report promises a "comprehensive review" that will examine training, control mechanisms and processes."
Liberals, Conservatives talk co-operation but trade jabs as Parliament returns
After talking up the prospect of cross-party collaboration in the House of Commons, Liberal and Conservative MPs wasted little time after Parliament resumed Monday before reverting to partisan attacks over housing and the cost of living.
The tone was set early Monday afternoon, when the first-ever question period exchange between Prime Minister Mark Carney and Conservative Leader Pierre Poilievre began cordially before turning belligerent.
Build Canada Homes aims to build 4,000 housing units on federal land: Carney
The newly created Build Canada Homes agency will oversee plans to build 4,000 homes on six federally owned sites, as part of a $13 billion agency budget to speed up affordable home building, Prime Minister Mark Carney said Sunday.
Carney said that the $13 billion will offer financial incentives for builders to construct affordable homes and reduce upfront costs of affordable homebuilding.
Specific locations for the homes have not yet been announced, but Carney said they will be in Dartmouth, N.S., Longueuil, Que., Ottawa, Toronto, Winnipeg and Edmonton.