Blog

Descrease article font size Increase article font size Canadian icon Terry Fox will soon make his way to the $5 bank note, the federal government announced in its Fall Economic Statement (FES) on Monday. The federal government’s budget document described Fox, who campaigned to raise awareness and funding for cancer research by running the Marathon of Hope, as a “Canadian hero.”“The 2024 Fall Economic Statement announces that Terry Fox will appear on the next $5 bank note,” the document, released on Monday, read.The government said this was being done to inspire more Canadians to give $5 to the cause that Terry Fox championed. 6:00 Annual Terry Fox ...

By Nick Murray The Canadian Press Posted December 16, 2024 4:40 pm 1 min read Descrease article font size Increase article font size The federal government is promising to spend $1.3 billion over six years to beef up Canada’s border security but still won’t say exactly how that money will be spent. The figures are part of the government’s fall economic statement which was tabled in the House of Commons this afternoon in Ottawa.The urgency to shore up the border comes amid a threat from president-elect Donald Trump to impose a 25 per cent tariff on all Canadian imports if Canada doesn’t address the perception that migrants and f...

The Liberal government’s fall economic statement arrived in a cloud of controversy Monday after Chrystia Freeland’s abrupt resignation as the minister of finance. The fall fiscal update will largely see the federal government look inward for growth opportunities as the spectre of United States president-elect Donald Trump’s protectionist policies loom large over the Canadian economy.Within the 270-page fiscal update, the federal government offers an overview of risks to Canada’s economy tied to Trump’s return to office. Until he begins his second term in January, however, the specifics of how his policies including potential tariffs will impact Canada are unknown.The Liberals eye domestic spending on artificial intelligence and opening the floodgates to more investments from Canadian pensi...

NDP Leader Jagmeet Singh on Monday called on Prime Minister Justin Trudeau “to resign,” adding that “all options” were on the table when asked if he would support a non-confidence motion. Speaking to reporters in Ottawa hours after Chrystia Freeland resigned as finance minister, Singh said Canadians were facing a range of economic issues from expensive groceries to high home prices and the threat of tariffs from an incoming Trump administration next year.“Instead of focusing on these issues, Justin Trudeau and the Liberals are focused on themselves. They’re fighting themselves instead of fighting for Canadians. And for that reason, today, I’m calling on Justin Trudeau to resign,” Singh said.“He has to go.” 0:42 ...

Finance Minister Chrystia Freeland has announced her resignation from the federal cabinet, placing the blame on Prime Minister Justin Trudeau for her decision. The announcement came in a letter she shared on X (formerly Twitter) Monday morning before Freeland was scheduled to present the fall economic statement before the House of Commons and less than an hour before a lock up of journalists for an embargoed reading of the document was due to begin.Department of Finance officials confirmed just after 1:30 p.m. Eastern that the fall economic statement will be delivered as per schedule at 4 p.m. Eastern Monday.In the letter addressed to Trudeau, Freeland wrote, “On Friday, you informed me that you no longer want me to serve as your Finance Minister and offered me another position in Cabinet....