Chrystia Freeland News

A Canadian judge has ruled that the government’s use of the Emergencies Act to quell weeks of protests by truckers and others angry over COVID-19 restrictions in 2022 was unreasonable and unconstitutional

The Federal Court has ruled the Trudeau government’s decision to invoke the Emergencies Act during the so-called “Freedom Convoy” that descended on Ottawa in 2022 violated the Charter of Rights and Freedoms.

RCMP is reviewing an interaction that had Rebel News commentator David Menzies arrested while trying to ask Finance Minister Chrystia Freeland a question outside an event.Sgt.

Canada’s largest bank says the country’s mortgage market will not change significantly in the wake of its acquisition of HSBC Holdings Plc.’s operations here, but industry watchers aren’t as sure.

The Canadian government will approve Royal Bank of Canada’s landmark deal to acquire HSBC Holdings Plc’s Canadian operations.

Tucked into the 500-page Notice of Ways and Means Motion Finance Minister Chrystia Freeland released last month is an insidious measure that urgently needs to be withdrawn. First announced as part of Budget 2023, it imposes an additional $3 billion of federal income tax on “financial institutions” over the next five years. We all know how popular financial institutions are. A tax imposed on big banks and insurance companies will appeal to many people. But who really will pay this tax is: everyone — despite the government’s cynical attempt to try to convince us all that someone else will ultimately bear its burden.

Canada’s banking regulator says it has left the stress test rate for uninsured mortgages unchanged.

There’s only one problem with the federal government’s shiny new messaging about saving money: the feds aren’t saving money.

Canada remains a chronic underachiever. Our economy contracted by 1.06 per cent quarter-over-quarter in the third quarter, while the United States economy grew by 5.2 per cent. The European Union and Australia also saw modest economic growth.

Royal Bank of Canada beat analysts’ earnings estimates after reporting strong capital-markets performance and a tax adjustment in the company’s favour.

The profligate Trudeau government is proposing a tax reform to ensure fair tax contributions from all, but in reality it’s nothing more than a stealth tax hike designed to fill government coffers at the expense of Canadian charities. The tax grab is coming by way of proposed changes to the alternative minimum tax (AMT), and the country’s donors and charity fundraisers are upset.

A new charter codifying the relief that lenders must offer financially strapped mortgage borrowers is drawing mixed reviews from market watchers, with some warning that elements of the policy will prolong overheated housing market conditions and add upward pressure on interest rates.

fall economic statement (FES), which is effectively a supplement or update to the vision laid out in the federal budget.“That is why we are making generational changes to competition law in Canada, including by cracking down on predatory pricing and other tactics that big corporations use to raise costs for Canadians,” Finance Minister Chrystia Freeland said.The FES discusses measures taken earlier this year, including Innovation Minister Francois-Phillippe Champagne calling on Canada’s major grocers to find ways to stabilize prices. Like Champagne’s prior comments, the FES says further actions are not ruled out, including tax measures for the grocery sector.The document also emphasizes in-progress work on Competition Act reforms, including honing in on “predatory pricing” by large companies.

Canada backed away from the idea of eliminating its $250-billion mortgage bond program, responding to pressure from investors who wanted the product kept alive.

OTTAWA — Finance Minister Chrystia Freeland tabled a fall economic statement on Nov. 21 that aims to support middle-class Canadians amid soaring consumer prices and looming mortgage renewals.

The mortgage cliff that will see more than two million home loans up for renewal over the next two years appeared to weigh heavily in the federal government’s fall economic update.

Homeowners fretting about paying more on their mortgages at renewal could soon have more power to shop around for a better rate, thanks to a package of housing affordability measures proposed in the Liberals’ fall economic statement.

By Steve Scherer

Prime Minister Justin Trudeau’s Liberal government faces pressures from two ends heading into Tuesday’s fall economic statement.

TORONTO — Members of Canada’s increasingly frustrated fintech sector are calling on the federal government to move ahead with promised plans to give consumers more control over their financial data.

The Royal Canadian Mint has revealed the image of King Charles that will soon be on all new coins.