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Fallout from former finance minister's departure hits currencyThe Canadian dollar dipped below 70 cents U.S. on Tuesday for the first time since early 2020 as the fallout from Chrystia Freeland’s resignation as deputy prime minister and finance minister hit...

But central bank's guidance for more gradual pace of reductions in 2025 'remains intact'The rate of inflation slowed to 1.9 per cent in November, once again slipping under the Bank of Canada target of two per cent. We apologize, but this video has failed...

Freeland had been finance minister since 2020Prime Minister Justin Trudeau’s administration was thrown into crisis when his trusted deputy, Finance Minister Chrystia Freeland, published a withering resignation letter on Monday that left him weakened at the w...

Canadian firms buy much of their machinery in other countries. A weak loonie raises its price, hitting investment and output per worker.The Bank of Canada’s decision last week to lower its policy interest rate by 50 basis points pushes it more than a full pe...

Rate has remained at or below the Bank of Canada's target since AugustCanada’s inflation rate slowed to 1.9 per cent in November, slightly below forecast and down from two per cent in October, a deceleration that economists said should give the Bank of Canad...

Prime Minister Justin Trudeau and deputy 'at odds about the best path forward for Canada'Ottawa was gripped by political drama on Monday after Finance Minister Chrystia Freeland stunningly resigned from cabinet, hours before she was scheduled to table the Tr...

Fraser will announce the move today, says a government sourceCanadian Housing Minister Sean Fraser is resigning from cabinet and doesn’t plan to run in the next election, a move that comes as Justin Trudeau’s Liberal Party languishes in the polls with an ele...

She also believed in anti-market industrial policy, a view shared by her likely successor, Mark CarneyIn the lead-up to the stunning resignation of Chrystia Freeland as Canada’s minister of finance, the story provided by the mysterious sources not authorized...

It's time for investors to bet against American exceptionalism. Read more on thisHaving tagged America’s inordinately large share of global financial markets as “the mother of all bubbles” in my last column, the main pushback I got, even from the few people...

The Liberal government is also projected to go beyond the $40.1-billion guardrail for the next two fiscal years The federal government broke its key fiscal guardrail and posted a deficit of $61.9 billion for the 2023-2024 fiscal year, according to the fall...