Economy, Law & Politics

Tariffs to shrink GDP, fuel inflation on both sides of border: Conference Board

TORONTO — Canada's main stock index fell more than 150 points in late-morning trading, weighed down by losses in the technology sector, while U.S. stock markets also dropped. The S&P/TSX composite index was down 168.77 points at 25,457.39.

A slide for Walmart is hemming in Wall Street, and U.S. stock indexes are edging back from an all-time high. The S&P 500 slipped 0.2% in early Thursday trading after setting records in each of the last two days.

Despite mutual concerns over looming tariffs, B.C. and Mexico can't find the right gear to stimulate more trade

Ken Sim: “Excuse my language, but that's bullshit. Just tell us you're not going to do something. Don't ignore our calls.”

OTTAWA — The government's fiscal watchdog says a guaranteed basic income program at the federal level could cut poverty rates in Canada by up to 40 per cent.

OTTAWA — Conservative Leader Pierre Poilievre is slamming Liberal leadership candidate Mark Carney's plan to split the federal budget, calling it a "sneaky accounting trick" to avoid balancing the books.

VICTORIA — A former longtime British Columbia legislator has been appointed to the province's independent facilitating body for treaty negotiations on First Nations rights and title.

TORONTO — Canada's main stock index ticked lower on Wednesday, weighed down by losses in technology and base metals, while U.S. stock markets eked out another gain to reach a new all-time high for the S&P 500.

OTTAWA — The federal government has confirmed that small businesses will have to pay tax on their carbon rebate, despite government promises otherwise, because Parliament can't currently pass legislation to make the payment exempt from income taxes.