News
Victoria moves forward with yearly restaurant patio fee increases after 2-year freeze
2+ hour, 31+ min ago (365+ words) Restaurant patio fees in Victoria will begin increasing each year but will not double in 2027 as was scheduled following a two-year fee freeze. In 2023, Victoria approved its Patio Regulation Bylaw which includes fees for business patios that occupy sidewalks or…...
Economy rebounds after contraction with 0. 5 per cent growth in April: Stat Can
2+ day, 4+ hour ago (376+ words) The Canadian economy was back in growth mode to start the second quarter, rebounding from a mild contraction in the first three months of 2026. Statistics Canada said Tuesday that real gross domestic product rose 0. 5 per cent in April, the fastest…...
Bank of Canada holds key rate as Macklem downplays recession talk
3+ week, 20+ hour ago (965+ words) Bank of Canada governor Tiff Macklem doesn't think the economy is in a recession, but he does acknowledge some recent weakness " something other economists argue should give the central bank more leeway to keep its key interest rate steady for…...
Carney says economic plan 'settling in' after Canada enters recession territory
1+ mon, 5+ hour ago (400+ words) Prime Minister Mark Carney says the government's plan to build up the economy is "settling in" as work continues on getting major projects built and expanding non-U. S. trade relationships. In his first public comments on the state of the economy…...
'We haven't seen anything yet,' Hodgson says of price spikes from Iran war
1+ mon, 3+ week ago (917+ words) The head of the International Energy Agency says the global energy crisis from the war in Iran will hit Canadians soon. Fatih Birol, who was taking part in a fireside chat with Energy Minister Tim Hodgson in Ottawa on Tuesday,…...
Liberals target affordability to meet era of uncertainty in spring fiscal update
2+ mon, 4+ day ago (1267+ words) The federal Liberals say they're putting the windfall from an unexpected boost in revenues into measures to make life more affordable, build up the economy and promote the skilled trades. But Ottawa's spring economic update also sees some darker clouds…...
Bank of Canada rethinking inflation framework amid persistent shocks: Rogers
3+ mon, 1+ week ago (753+ words) A senior official at the Bank of Canada says the central bank is reconsidering how it thinks and talks about inflation as it prepares to review its mandate later this year. Bank of Canada senior deputy governor Carolyn Rogers was…...
'It's a scary situation': Laid off Crofton mill workers struggle for EI benefits
4+ mon, 2+ week ago (432+ words) At 61, Chemainus forestry worker Brian Bull suddenly has no idea what his future holds. "I don't know, it's a scary situation, " said the former log boom operator. Bull is one of over 120 forestry workers laid'off indefinitely from Western Forest Products…...
Tariffs, government spending, gas prices " what's driving inflation right now?
9+ mon, 1+ week ago (1111+ words) MPs returned to the House of Commons earlier this month to confront an old problem " inflation " which is now being driven by new forces. Many consumers are still reeling from the decades-high inflation levels seen in the post-pandemic recovery period,…...