Justin Trudeau is facing ethics questions about his government’s decision to grant a contract worth hundreds of millions of dollars to a charity whose events his family members have been paid to speak at.
The monthly plunge in economic output marks the worst damage stemming from the new coronavirus and sets the stage for a hefty drop in the second quarter that could take years to recoup.
Canada has become the first triple-A-rated sovereign entity to lose its rating because of the economic downturn and the extraordinary fiscal response triggered by the coronavirus pandemic.
Over 80% of the coronavirus-related deaths in Canada have occurred in nursing homes, by far the largest share among major economies that report reliable data.
The consumer-price index fell 0.4% in May, reinforcing concerns about deflationary pressure as the economy recovers from shutdowns caused by the coronavirus pandemic.
Canadian Prime Minister Justin Trudeau said racism is entrenched among the country’s law-enforcement institutions, chief among them the Royal Canadian Mounted Police.
Canadian authorities warned nine years ago that Gabriel Wortman disliked the police and harbored thoughts of killing law-enforcement officers. Police say he was responsible for 22 deaths this past April.
Canadian economic output plunged by a near record 8.2% annualized rate in the first quarter, as household spending collapsed on coronavirus-induced shutdowns. Exports also fell markedly.
The Bank of Canada anticipates providing the economy with sizable stimulus for the foreseeable future to help the country rebuild from the damage caused by the pandemic, Governor Stephen Poloz said.
Canada’s annual inflation rate sank into negative territory in April, the first year-over-year price decline in over a decade, largely attributable to a sizable drop in gasoline.
The head of Canada’s state-owned mortgage insurer warns the income shock from the coronavirus pandemic could leave a fifth of all the country’s mortgages in arrears.
A member of the Canadian air force’s acrobatic Snowbirds team was killed Sunday and a pilot injured after a plane crashed in western Canada while performing in support of front-line health-care workers.
Canada’s data-gathering agency suspended its practice of providing select senior government officials a sneak peek of its market-moving employment report after the April figures were leaked and published.
Canada said it would investigate how sensitive employment data for April were distributed before the official release Friday, triggering brief trading activity on foreign-exchange markets.
Job losses in Canada nearly doubled in April from the previous month to mark a new record, and over a third of the labor force were either unemployed or underutilized.
Tiff Macklem will become the Bank of Canada’s next governor, a surprise choice that will see the central bank’s former No. 2 official lead the institution during the biggest global economic downturn since the Great Depression.
The five missing Canadian air force and navy officers aboard a military helicopter that crashed off the coast of Greece following a training exercise are now presumed dead, bringing the toll to six.
Canada banned over 1,500 models of military-style assault firearms, effective immediately, a move that Prime Minister Justin Trudeau says is required to bring an end to a spate of gun violence in the country.
One member of Canada’s navy is dead and five other service members are missing after a helicopter that was on a North Atlantic Treaty Organization training mission crashed off the coast of Greece.
A 14-hour shooting spree left shoreline communities grieving and cast a shadow across a region where residents had long assumed they were secure.