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Economy, Law & Politics

TSX down 400 points on Friday amid looming tariffs, inflation worries

TSX down 400 points on Friday amid looming tariffs, inflation worries

Canadian and American markets tumbled Friday amid inflation worries and uncertainty over the scale and scope of the next round of U.S. tariffs set to kick in April 2. The S&P/TSX composite index was down 1.6 per cent, or 401.91 points, at 24,759.
Canada, U.S. to negotiate new economic, security relationship after election: Carney

Canada, U.S. to negotiate new economic, security relationship after election: Carney

OTTAWA — Prime Minister Mark Carney said Canada and the United States will begin comprehensive negotiations for a "new economic and security relationship" immediately after the Canadian election following a Friday morning phone call with U.S.
Wall Street tumbles, and S&P 500 drops 2% on worries about slower economy and higher inflation

Wall Street tumbles, and S&P 500 drops 2% on worries about slower economy and higher inflation

NEW YORK (AP) — Another wipeout slammed Wall Street as worries built about a potentially toxic mix of worsening inflation and a U.S. economy slowing because of households afraid to spend due to the global trade war.
B.C. Premier David Eby walking back tariff bill after 'anxiety' from stakeholders

B.C. Premier David Eby walking back tariff bill after 'anxiety' from stakeholders

VANCOUVER — British Columbia Premier David Eby says his government is walking back a key portion of its controversial tariff response law, admitting the proposed legislation "didn't get the balance right.
Rob Shaw: Eby's power grab collapses under mounting pressure

Rob Shaw: Eby's power grab collapses under mounting pressure

Backlash from legal, business, political heavyweights forces premier to rethink sweeping powers
Vancouver police deploying big presence to 'maintain order' at anti-Tesla protests

Vancouver police deploying big presence to 'maintain order' at anti-Tesla protests

VANCOUVER — Vancouver police say they are investigating 28 anti-Tesla incidents and will deploy more than 130 extra officers to "maintain order" at protests targeting the electric carmaker this weekend.
Canada's economy 'sprinting into a wall' to start 2025 as tariff hit looms

Canada's economy 'sprinting into a wall' to start 2025 as tariff hit looms

OTTAWA — The Canadian economy was off to a solid start in January but early signs suggest growth stalled in February amid harsh winter weather and the looming threat of tariffs. Statistics Canada said Friday that real gross domestic product rose 0.
Poilievre, Singh hit campaign trail as Carney speaks with Trump, premiers on tariffs

Poilievre, Singh hit campaign trail as Carney speaks with Trump, premiers on tariffs

OTTAWA — Conservative Leader Pierre Poilievre and NDP Leader Jagmeet Singh are on the campaign trail, proposing ideas on housing and crime as Liberal Leader Mark Carney deals with U.S. President Donald Trump's tariff threats.
Ottawa posts $26.8 billion deficit for April-to-January period

Ottawa posts $26.8 billion deficit for April-to-January period

OTTAWA — The federal government posted a budgetary deficit of $26.8 billion for the April-to-January period of its 2024-25 fiscal year. The result compared with a deficit of $25.7 billion for the same period a year earlier.
Opinion: How leaders can rally their teams in uncertain, exhausting times

Opinion: How leaders can rally their teams in uncertain, exhausting times

When stress spikes, leaders who reassure and support bring out the best in their teams