Author: The Canadian Press

TORONTO — One expert predicts Ottawa’s changes to mortgage rules will help spur demand among potential homebuyers but says policies aimed at driving new supply are needed to address the “core issues” facing the market. The federal government’s changes, set to come into force mid-December, include a higher price cap for insured mortgages to allow […]

OTTAWA — Canada’s annual inflation rate was 2.0 per cent in August, Statistics Canada says. The agency also released rates for major cities, but cautioned that figures may have fluctuated widely because they are based on small statistical samples (previous month in brackets): — St. John’s, N.L.: 1.7 per cent (2.3) — Charlottetown-Summerside: 1.6 per […]

OTTAWA — Canada’s annual inflation rate was 2.0 per cent in August, Statistics Canada says. Here’s what happened in the provinces (previous month in brackets): — Newfoundland and Labrador: 1.3 per cent (2.1) — Prince Edward Island: 1.2 per cent (2.0) — Nova Scotia: 1.2 per cent (2.3) — New Brunswick: 1.8 per cent (2.9) […]

OTTAWA — Prime Minister Justin Trudeau say the Liberals have “all sorts of reflections” to make after losing a second stronghold in a byelection in Montreal Monday night. His comments come as the Liberal cabinet gathers for its first regularly scheduled meeting of the fall sitting of Parliament, which began Monday. Trudeau’s Liberals were hopeful […]

OTTAWA — Canada Mortgage and Housing Corp. says the annual pace of housing starts in August slowed 22 per cent compared with July. The national housing agency says the seasonally adjusted annual rate of housing starts came in at 217,405 units in August, down from 279,804 a month earlier. The drop came as the annual […]

OTTAWA — Canada’s inflation rate fell to two per cent in August, finally hitting the Bank of Canada’s target after a tumultuous battle with skyrocketing price growth. More coming. The Canadian Press

TORONTO — Canadian teens signing up for Instagram will now be among the first in the world to be automatically given private accounts with limited capabilities. The new accounts for teens will come with default restrictions blocking underage users from being messaged by people they aren’t connected with and that won’t show sensitive content such […]

OTTAWA, Ontario (AP) — Shane Pinto is convinced the experience will help him down the road. It just didn’t feel that way in the moment. Already sidelined due to a contract impasse that saw him miss the start of last season, the Ottawa Senators forward from New York’s Long Island was suspended for 41 games […]

OTTAWA — Prime Minister Justin Trudeau will face his cabinet today after losing yet another long-held Liberal seat. Trudeau’s Liberals were hopeful they could retain the Montreal riding of LaSalle—Émard—Verdun, but those hopes were dashed after the Bloc Québécois won it in an extremely tight three-way race with the NDP. The Montreal race was widely […]

OTTAWA — Liberal John McKay and Conservative Garnett Genuis are slated to appear today at a federal inquiry into foreign interference. Both members of Parliament serve with the Inter-Parliamentary Alliance on China, a group that brings together representatives of various countries to demand accountability from Beijing. The federal inquiry, led by commissioner Marie-Josée Hogue, is […]