U.S. President Donald Trump says he will slap a 25 per cent tariff on medium and heavy-duty truck imports, an announcement that comes just a day before he meets with Prime Minister Mark Carney.
Trump made the announcement in a post on his social media platform Truth Social saying the new tariff rate will begin Nov. 1.
Picture Courtesy: AP Photo/Mark Schiefelbein
Canadians can expect to feel the absence of the consumer carbon price at the pumps immediately but it may take longer to notice a difference in the price of other goods, a new report released Wednesday suggests. The analysis by Desjardins Economics comes less than a week after Prime Minister Mark Carney and his new Liberal cabinet ordered that the consumer levy be set to zero on April 1.
The budget released earlier this month shows the province was forecasting revenue of just over $2.5 billion from the tax in the 2024-25 fiscal year, while the estimated cost of the climate action tax credit was $995 million.
Ottawa has put in place new rules limiting the fees banks can levy on customers who don't have enough in their accounts to cover a cheque or other pre-authorized charges. The updates, included in an order-in-council last week, cap non-sufficient funds fees at $10 for personal deposit accounts, prohibit charging more than one NSF fee in a period of two business days, and prohibit charging an NSF fee when an account shortfall is under $10.
The federal government is promising billions in low-cost financing to help build thousands of rental homes in Toronto, including more than a thousand affordable units. Ottawa says it will provide $2.55 billion in financing through its Apartment Construction Loan Program, to be administered by the Canada Mortgage and Housing Corporation.
Statistics Canada says the population grew to 41,528,680 people as of Jan. 1 as the pace of growth continued to slow after peaking in the third quarter of 2023. The total number of people was up 63,382 compared with Oct. 1, 2024, for a quarterly growth rate of 0.2 per cent.
Conservative Leader Pierre Poilievre says U.S. President Donald Trump is right to think he would have an easier time dealing with a Liberal prime minister in Canada. On Fox News on Tuesday evening, Trump was asked about the upcoming election and the fact that polls now suggest the Liberals are in the lead.