Unity among provinces and the federal government is critical in the face of the grave challenge posed by the threat of massive new import tariffs from Canada's closest trading partner, Deputy Prime Minister Chrystia Freeland said on Wednesday following an emergency first ministers' meeting.
The bill was introduced on behalf of Finance Minister Chrystia Freeland in the House of Commons on Wednesday afternoon, with the help of the NDP to at least temporarily stop debate on a Conservative filibuster.
Prime Minister Justin Trudeau is set to meet with the country’s premiers this afternoon, after they asked for an urgent meeting on U.S.-Canada relations ahead of the incoming Donald Trump administration.
The federal government is hoping a temporary break on GST will address a "vibecession" that has gripped Canadians, Finance Minister Chrystia Freeland said on Monday.
Trump said the tariff will remain in place until both countries stop drugs, in particular fentanyl, and people from illegally crossing the borders. He said until those issues are solved Canada and Mexico will "pay a very big price!"
The president-elect posted to Truth Social on Monday he will sign an executive order imposing a 25 per cent tariff on all products coming in to the United States from Canada and Mexico. He said the tariff will remain in place until both countries stop drugs, in particular fentanyl, and people from illegally crossing the borders.
NDP Leader Jagmeet Singh said in a statement that the GST announcement is in response to his party's demands to permanently lift the goods and services tax on a range of expenses.
A small business advocacy group is re-upping calls to eliminate the carbon tax, after it says members learned the Canada carbon rebate for small businesses is a taxable benefit.
A new valuation of the Trans Mountain pipeline (TMX) by Canada’s Parliamentary Budget Officer contradicts a more optimistic assessment of the controversial pipeline expansion by Finance Minister Chrystia Freeland last week.
The federal finance minister has been taking every opportunity to remind frustrated Canadians that after a bumpy pandemic recovery, the nation's economy is actually doing a lot better.
Prime Minister Justin Trudeau has announced Andrew Bevan as the Liberal Party's new campaign chair, as some MPs reportedly band together to ask their leader to step down.
For years, Ottawa has promised guidelines to determine what counts as green investments. This week it unveiled next steps that will push the development of the framework beyond the next election, throwing a key policy's future into question.
Finance Minister Chrystia Freeland said on Wednesday that the federal government is moving ahead with guidelines around sustainable investing and corporate climate disclosures, but details on the plans are scarce.