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Next storm looms as B.C. cleans up from bomb cyclone. What's behind the foul weather?

Next storm looms as B.C. cleans up from bomb cyclone. What's behind the foul weather?

VANCOUVER — A new storm system is bearing down on British Columbia and is expected to bring another blast of potentially damaging winds, as the province continues to clean up from this week's powerful bomb cyclone.
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Safety board calls for changes two years after Nova Scotia fisherman's death at sea

Safety board calls for changes two years after Nova Scotia fisherman's death at sea

HALIFAX — An investigation into how the Canadian Coast Guard responded to a Nova Scotia vessel in distress two years ago raises questions about why one fisherman died after a towing operation went awry.
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Retail industry praises GST holiday but says it may be 'laborious' for some

Retail industry praises GST holiday but says it may be 'laborious' for some

A temporary pause on charging the federal sales tax on many items has retailers excited, even though they say preparing for the relief will mean a lot of extra work in a short period of time.
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Next U.S. ambassador Hoekstra 'easier to do business' with: former envoy

Next U.S. ambassador Hoekstra 'easier to do business' with: former envoy

OTTAWA — Foreign Affairs Minister Mélanie Joly welcomed president-elect Donald Trump's pick for the next U.S. ambassador in Ottawa, a former longtime Michigan congressional representative who voted for NAFTA and later wavered on new free trade deals.
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Alberta forecasts $4.6-billion surplus in budget update, but braces for uncertainty

Alberta forecasts $4.6-billion surplus in budget update, but braces for uncertainty

EDMONTON — Alberta is forecasting a $4.6-billion surplus for this fiscal year, but Finance Minister Nate Horner says "mounting pressures" threaten to soon put the province in the red.
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Average rate on a 30-year mortgage in the US rises to highest level since July

Average rate on a 30-year mortgage in the US rises to highest level since July

The average rate on a 30-year mortgage in the U.S. edged closer to 7% this week, climbing to its highest level since July. The rate rose to 6.84% from 6.78% last week, mortgage buyer Freddie Mac said Thursday.
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Liberal MP accuses opposition MPs of wasting time on another Boissonnault probe

Liberal MP accuses opposition MPs of wasting time on another Boissonnault probe

OTTAWA — A Liberal MP says his committee colleagues are wasting time by launching a third inquiry into the former employment minister instead of focusing on important legislation for Indigenous Peoples.
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CRTC opens consultation on whether Big 3 telecoms can sell wholesale fibre internet

CRTC opens consultation on whether Big 3 telecoms can sell wholesale fibre internet

OTTAWA — Canada's telecommunications regulator has launched a consultation to determine whether the country's Big 3 providers should be able access wholesale fibre internet services.
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Economists say temporary tax cut, relief cheques play into rosier growth picture

Economists say temporary tax cut, relief cheques play into rosier growth picture

TORONTO — The federal government's "meaty" move to pause federal sales tax on a long list of items and send cheques to millions of Canadians this spring could factor into an improving outlook for growth in 2025, economists say.
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S&P/TSX composite index gains more than 350 points, U.S. stock markets also rise

S&P/TSX composite index gains more than 350 points, U.S. stock markets also rise

TORONTO — Canada's main stock index gained more than 350 points Thursday in a broad rally led by energy and technology stocks, while U.S. markets also rose, led by a one-per-cent gain on the Dow. The S&P/TSX composite index closed up 354.
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