Canada Financial News

The Liberal government’s 2024 federal budget tabled Tuesday held a clear focus on “fairness” among generations and efforts to make the housing market more affordable, particularly for younger Canadians feeling frustrated about their homebuying prospects.

David Dodge, former deputy finance minister and governor of the Bank of Canada, said before the 2024 federal budget was presented that it would “likely be one of the worst in decades.” He wasn’t wrong. The budget Finance Minister Chrystia Freeland delivered Tuesday fails to address the biggest problem currently facing Canada — our declining standard of living.

Prime Minister Justin Trudeau hit the trail to make a series of pre-budget announcements, mostly on housing, that left some wondering what was left to be said when the federal budget 2024 was released on Wednesday. It turned out, the Liberals still had some surprises in store for Canadians and businesses.

At a waste-management facility in Morrisville, Pa., workers load incinerated trash into industrial machinery that separates and sorts metals, then sends them to get hosed down. The reward: buckets of quarters, dimes, nickels and pennies. Americans toss as much as $68 million worth of change each year, according to Reworld.

Multiple people have been arrested in connection with the largest gold heist in Canadian history at Toronto Pearson airport last year, Peel Regional Police say.

Crypto firms in Canada will soon face increased disclosure obligations, per regulations introduced in Tuesday’s 2024 federal budget.

A long-run focus on boosting housing supply in Tuesday’s federal budget is earning praise from the housing and real estate industries, but some are questioning whether the efforts might make the country’s affordability issues worse in the short term.

Businesses and wealthy Canadians will be paying higher taxes but Canada’s largest banks and pension managers were most likely breathing a sigh of relief when they read Finance Minister Chrystia Freeland’s latest federal budget, which lays out next steps for competitive “open” banking and persuading pensions to invest more of their billions at home.

After bringing a warmer, drier winter to much of Canada, the El Niño weather event that has gripped the Pacific Ocean and subsequently the world may at last be over.

Canada Mortgage and Housing Corp. says the annual pace of housing starts in March declined seven per cent compared with February.

Bank of America’s fixed income traders were the darlings of 2023 (if you excuse a tough Q4), but the bank’s Q1 results suggest that they might not necessarily repeat that feat in 2024.

Finance Minister Chrystia Freeland delivered a federal budget Tuesday that keeps the deficit capped at $40 billion, but introduced new taxes that largely offset billions in new spending. Here is what the economists say about the budget. 

Canada’s inflation rate picked up slightly in March to 2.9 per cent from 2.8 per cent in February, Statistics Canada said Tuesday, but the consumer price index (CPI) release suggested that core inflation continued to slow.

Canada’s finance minister has asked former central bank governor Stephen Poloz to examine ways to entice its pension funds to invest more in the country.

OTTAWA — Finance Minister Chrystia Freeland introduced the 2024 federal budget on Tuesday. Some key highlights:

Canada will raise capital gains taxes on businesses and wealthy individuals to help pay for tens of billions in new spending aimed at making housing more affordable and improving the lives of young people.

Finance Minister Chrystia Freeland is finally set to present the federal budget in the House of Commons on Tuesday afternoon, showcasing how the government plans to win back support from disgruntled Canadians worried about the cost of living.

Federal Reserve chair Jerome Powell signaled policymakers will wait longer than previously anticipated to cut interest rates following a series of surprisingly high inflation readings.

Lululemon has unveiled its Team Canada designs for the 2024 Olympics in Paris, giving Canadians a glimpse of what the country’s Olympians and Paralympians will be wearing at the opening and closing ceremonies.Lululemon and the Canadian Olympic team unveiled the official uniforms Tuesday.Team Canada will enter the stadium for the official kickoff to the Olympics in red bomber jackets and red shorts and pants, worn over red short-sleeved shirts and paired with Lululemon sneakers.Look closely and you’ll notice the print on the tracksuits gives a fun nod to Canada’s history and biodiversity — the one-of-a-kind print celebrates the diversity of Canada and interprets the art, architecture and nature found throughout the country, including provincial flowers.The brand also shared a number of other designs, which will be worn by the athletes during medal ceremonies and the closing ceremony of the Games.Lululemon said its designs are “designed to support more bodies and more abilities,” and feature unique features like magnetic-close zippers, pull-on loops, sensory touch guides and braille love notes.Seated athletes will find more comfort in two key adaptive designs, the Seated-Fit Carpenter Pant and the Seated-Fit Poncho, which allow better functionality when sitting.The kit is also designed to wick sweat and features breathable mesh and convertible styles, to keep athletes comfortable in Paris’ changing weather.If we’re being honest, this year’s kit looks somewhat subdued compared to team uniforms of days gone by.Who can forget the time Team Canada showed up in bucket hats to the 2000 Games in Sydney, Australia?Or how about the time they sported these wild shirts, over-size earrings and straw hats at the 1992 Olympic games in

Federal Reserve Chair Jerome Powell said Tuesday that the U.S. economy, while otherwise strong, has not seen inflation come back to the central bank's goal, pointing to the further unlikelihood that interest rate cuts are in the offing anytime soon.

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