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OTTAWA — The Bank of Canada cut its key policy interest rate by 50 basis points on Wednesday to bring it to 3.75 per cent. Here’s what people are saying about the decision: “High inflation and interest rates have been a heavy burden for Canadians. With inflation now back to target and interest rates continuing […]

OTTAWA — Here are some notable quotes from Liberal members of Parliament as they headed into a caucus meeting Wednesday where they are set to debate Prime Minister Justin Trudeau’s leadership: “There is what would you call some palace drama going on right now. And that takes us away from the number 1 job, which […]

TORONTO — While the Bank of Canada’s fourth straight cut to its key interest rate could inspire potential homebuyers to get off the sidelines, some commentators say the housing market may not see a huge spark just yet. The central bank brought its key policy rate down by half a percentage point to 3.75 per […]

OTTAWA — People who fight wildfires are on Parliament Hill today to demand the federal government better support firefighters, warning more will leave the job if they don’t. Harold Larson, a former firefighter from Vancouver, says wildfire work is gruelling, yet there is little reward to entice people to return year after year. He says […]

OTTAWA — The Bank of Canada cut its key policy rate by 50 basis points on Wednesday to take it to 3.75 per cent. Here is the text of the central bank’s decision: The Bank of Canada today reduced its target for the overnight rate to 3.75 per cent, with the Bank Rate at four […]

OTTAWA — The Bank of Canada delivered a supersized interest rate cut today, lowering its key policy rate by half a percentage point. With annual price growth now around two per cent, the central bank says its job has shifted from lowering inflation to maintaining it around the inflation target. Forecasters were widely expecting the […]

TORONTO — Scottie Barnes and the Toronto Raptors kick off the new NBA season tonight as they host the Cleveland Cavaliers. Barnes has been made the focal point of the team as the Raptors lean into a rebuild this season. He averaged 19.9 points, 8.2 rebounds, 6.1 assists, 1.5 blocks and 1.3 steals last season […]

TORONTO — A new report shows the patchwork of progress at Canada’s big life insurers in their efforts to address climate change, and reduce their more than $90 billion in fossil fuel investments. The report from Investors for Paris Compliance (I4PC) argues that progress so far is slow at Sun Life Financial Inc., Manulife Financial […]

OTTAWA — Prime Minister Justin Trudeau has resisted calls for his resignation for more than a year now but in recent weeks those calls have grown louder and in some cases more public. The Liberal caucus meets Wednesday and Trudeau is expected to be confronted by a group of MPs who have banded together to […]

KITCHENER, Ont. — Prosecutors are expected to continue their submissions today at a sentencing hearing for a man who stabbed a professor and two students in a University of Waterloo gender studies class last year. Federal prosecutors began their arguments Tuesday at the hearing for Geovanny Villalba-Aleman, who pleaded guilty to four charges in the […]