Chrystia Freeland News

The leader of Canada’s most populous province says all of the country’s provincial and territorial premiers want Prime Minister Justin Trudeau's federal government to negotiate a bilateral trade deal with the United States that excludes Mexico

Canada’s point person for U

Canadian pensions are underinvested in the country’s public markets, starving domestic companies of capital and exposing them to foreign takeovers, says the head of capital markets at Desjardins Group.

The Royal Canadian Mint unveiled a special two-dollar circulation coin Tuesday celebrating Inuit Nunangat — a region that encompasses the Inuit homeland in Canada.

The federal government likely failed to keep its deficit below the promised $40-billion cap in the last fiscal year, the parliamentary budget officer said on Thursday.

Finance Minister Chrystia Freeland says owners of small and medium-sized businesses will finally receive their long-awaited carbon pricing refunds before the end of this year.

Former Bank of Canada governor Stephen Poloz is examining a list of ideas to get the country’s pension funds to invest more in the domestic economy — including the creation of a pooled fund that would make dealmaking easier for some of them.

The Bank of Canada doesn’t see a “compelling case” to move forward with plans for a central bank digital currency (CBDC) after years of study, governor Tiff Macklem said Tuesday.

The Liberal government’s latest efforts to make it easier for young Canadians to buy a home will also help fix the housing supply crunch, Finance Minister Chrystia Freeland argued Tuesday.

Inflation is back at the coveted two per cent annual rate.Wage hikes have outpaced inflation for 19 months in a row.The Bank of Canada is three rate cuts into an easing cycle, with no signs of stopping anytime soon.The recent run of positive economic news had the Liberal government — long challenged by an affordability crisis in Canada — celebrating in the House of Commons this week.Finance Minister Chrystia Freeland on Tuesday hailed the August inflation report as “good news for Canadians” and the “light at the end of the tunnel” after years of surging prices and pandemic-related disruptions in the economy.RBC assistant chief economist Nathan Janzen tells Global News that there’s indeed reason to celebrate as price stability shows signs of returning and the Bank of Canada unwinds from the most rapid tightening cycle in its history.But he also warns that focusing on inflation and rate cuts may ignore economic pain looming for Canadians around the corner.“Light at the end of the tunnel, silver lining, whatever the phrase you want to use is, it’s important to remember that what we’re seeing in terms of inflation and the interest rate cuts is a result of a softening Canadian economy,” Janzen says.“So it’s not all great news.”Quick refresher on how all of these dynamics play together: when inflation is trending away from the Bank of Canada’s two per cent target, the central bank will raise its policy rate in an effort to rein in rampant price growth.Higher interest rates raise the cost of borrowing for Canadians, businesses and governments.

The creation of a multi-billion-dollar investment fund seeded with federal government money and designed to attract additional investments from Canada’s large pension plans is among ideas put forward as former Bank of Canada governor Stephen Poloz pursues his mandate to help Ottawa find ways to direct pension billions into the Canadian economy, according to two sources with knowledge of the proposal.

Ottawa may not be done firing trade salvos at China as Finance Minister Chrystia Freeland said the federal government was considering further tariffs.

Canada is set to introduce higher tariffs on Chinese-made electric vehicles and Chinese steel, Prime Minister Justin Trudeau told reporters in Halifax on Monday.

OTTAWA : Canada will slap hefty tariffs on imports of Chinese electric vehicles, steel and aluminum, positioning itself with allies including the U.S. to protect domestic manufacturing. Finance Minister Chrystia Freeland on Monday unveiled a range of measures she said are aimed at leveling the playing field for Canada’s EV industry and steel and aluminum producers to protect them from unfair competition from Chinese companies.

Canada will impose a 100 per cent surtax on nearly all Chinese-made electric vehicles, including certain hybrids as well as trucks and buses, in a bid to create a protective barrier around the country’s auto industry.

Despite an outlier report released by the International Monetary Fund earlier this month that suggested Canada will be a leader in economic growth next year — which had many Liberal MPs crowing that their “economic plans are working” — the overwhelming view of most suggests otherwise, especially when it comes to productivity.

The Trudeau government is like a band that only knows one tune: more spending/higher taxes.

With last week’s rumour about the political demise of Finance Minister Chrystia Freeland proven greatly exaggerated, advocates of open banking in Canada can breathe a sigh of relief that this project won’t be derailed by changes to cabinet.

Thousands converged in the nation’s capital and across the country to celebrate Canada Day, marking 157 years of Confederation.

Farming organizations are joining the chorus of concern over the federal government’s capital gains tax changes, with one group warning a House of Commons committee Tuesday that family-owned farms will be negatively affected.