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OTTAWA — The federal government says it plans to boost penalties for money laundering by 40 times as part of several measures it wants to roll out to crack down on the issue. The proposal would see the maximum administrative penalty against banks and other reporting entities rise to $20 million per violation, up from […]

TORONTO — The loonie fell below 70 cents US in late-morning trading after the latest reading on inflation dropped below two per cent. The Canadian dollar traded for 69.84 cents US compared with 70.23 cents US on Monday after Statistics Canada said the annual inflation rate in November was 1.9 per cent, down from 2.0 […]

OSHAWA, Ont. — Police in Durham Region say two retirement home employees have been charged with criminal negligence after a resident in their care died last year after being locked out of the building. Police say they were called on April 1, 2023 to Aspira Traditions of Durham Region in Oshawa, Ont., where a 79-year-old […]

Easton Cowan had to bide his time. Taken in the second round of the Ontario Hockey League’s 2021 priority selection draft by the London Knights, he was initially bumped down two levels at age 16 for more seasoning. Cowan took the demotion in stride. He accepted the constructive criticism. He worked on his game, confident […]

OTTAWA — Canada’s housing shortage, widely recognized as a national crisis and the catalyst of significant immigration cuts, is The Canadian Press News Story of the Year. More than a quarter of 96 editors surveyed voted for the housing shortage as the most consequential story of 2024. The Jasper wildfires came in second place, while […]

TORONTO — Dye & Durham Ltd. says its board of directors has resigned and appointed an activist investor’s slate of nominees ahead of a showdown at the company’s annual meeting today. The legal software company says shareholders made their views clear based on preliminary tabulation of proxies ahead of the shareholder gathering. It says the […]

OTTAWA — Statistics Canada estimates the country’s population grew by 176,699 people between July 1 and Oct. 1, marking the slowest pace of growth since the first quarter of 2022. Canada’s population is estimated to have reached roughly 41.5 million people. International migration continues to account for most of the increase in population. The federal […]

OTTAWA — Canada’s annual inflation rate was 1.9 per cent in November, 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.: 1.1 per cent (1.3) — Charlottetown-Summerside: 2.1 per […]

OTTAWA — Canada’s annual inflation rate was 1.9 per cent in November, Statistics Canada says. Here’s what happened in the provinces (previous month in brackets): — Newfoundland and Labrador: 1.2 per cent (1.1) — Prince Edward Island: 1.8 per cent (1.3) — Nova Scotia: 1.7 per cent (1.5) — New Brunswick: 2.0 per cent (1.8) […]

OTTAWA — Statistics Canada’s consumer price index report today says inflation edged lower to 1.9 per cent in November. That’s down from two per cent in October. Shelter costs increased at a slower annual pace of 4.6 per cent, while rent price inflation accelerated to 7.7 per cent. Grocery prices continued to grow faster than […]