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Economy, Law & Politics

Loonie drops below 70 cents US, S&P/TSX composite down as U.S. markets also fall

Loonie drops below 70 cents US, S&P/TSX composite down as U.S. markets also fall

TORONTO — The loonie fell below 70 cents US on Tuesday after the latest reading on inflation dropped below two per cent. The Canadian dollar traded for 69.91 cents US compared with 70.
Canadians return to Canada Post with relief — and shakier faith in the service

Canadians return to Canada Post with relief — and shakier faith in the service

MONTREAL — Canada Post trucks, conveyors and mail carriers swung back into motion Tuesday after a month-long strike by more than 55,000 postal workers left letters and parcels in limbo and a massive backlog to sort through.
Stock market today: Wall Street trims its stellar gains as Nvidia's star dims again

Stock market today: Wall Street trims its stellar gains as Nvidia's star dims again

NEW YORK (AP) — U.S. stock indexes closed lower and gave back some of their stellar gains for the year. The S&P 500 fell 0.4% Tuesday, though it’s still near its all-time high set earlier this month. The Dow Jones Industrial Average fell 0.
Canada’s inflation rate down a tick to 1.9% in November

Canada’s inflation rate down a tick to 1.9% in November

Canada's annual inflation rate remained stable in November, coming in a touch below the Bank of Canada's two per cent target, though economists anticipate some volatility in the months ahead.
B.C. inflation outpaces national rate in November despite cooling trend

B.C. inflation outpaces national rate in November despite cooling trend

Consumer Price Index ticked downward slightly for both Canada and the West Coast, says StatCan
Federal banking regulator OSFI keeps domestic stability buffer on hold at 3.5%

Federal banking regulator OSFI keeps domestic stability buffer on hold at 3.5%

OTTAWA — The federal banking regulator says the amount of money Canada's big banks must keep on hand in case of economic shock will stay at its current level.
Mario Canseco: Canadians expect more holiday stress in 2024 than during COVID

Mario Canseco: Canadians expect more holiday stress in 2024 than during COVID

Generational gaps emerge as Canadians reflect on holiday traditions and childhood memories
Canada’s quarterly population growth hits slowest pace since early 2022

Canada’s quarterly population growth hits slowest pace since early 2022

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.
Conservatives win B.C. federal byelection amid turmoil in Ottawa

Conservatives win B.C. federal byelection amid turmoil in Ottawa

LANGLEY, B.C. — In another blow to Prime Minister Justin Trudeau's Liberals, the federal Conservatives have won a byelection in the British Columbia riding of Cloverdale-Langley City.
Trudeau taps LeBlanc as finance minister after Freeland resigns

Trudeau taps LeBlanc as finance minister after Freeland resigns

OTTAWA — Prime Minister Justin Trudeau tapped his top fixer in cabinet, Dominic LeBlanc, to replace Finance Minister Chrystia Freeland after she suddenly tendered her resignation from cabinet Monday morning in a fight over the nation's finances.
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