Speaking on Metro Morning, Toronto Mayor Olivia Chow made the case for the city’s proposed property tax increase, arguing the funds will help improve transit, housing and emergency services while keeping costs in check for renters.
As a growing number of seniors and their families wait for an Edmonton property developer to repay the money it owes under life-lease contracts, the company says provincial regulations are a new stumbling block.As of the end of 2024, more than 200 people are in queues for repayment of hundreds of thousands of dollars they each put into a life lease at Christenson Group of Companies retirement homes.Under the life lease model, residents pay a large lump sum upfront for the right to occupy a unit,
WASHINGTON (AP) — House Republicans released a budget plan Wednesday that sets the stage for advancing many of President Donald Trump's top domestic priorities, providing for up to $4.5 trillion in tax cuts and a $4 trillion increase in the debt limit so that the U.S. can continue financing its bills.
Treasury Secretary Scott Bessent recently pledged to “monetize” the U.S. government’s assets.
House Republican leaders delivered remarks Tuesday morning as lawmakers appear divided on some of President Trump’s legislative agenda — an issue that threatens to derail their timeline as the Senate prepares to push a competing budget plan. Speaker Mike Johnson (R-La.) suggested Monday that the lower chamber could advance a budget resolution by the end…
Canadians are managing to save more than in previous years for their retirement.
NEW YORK (AP) — Most U.S. stocks fell Wednesday after a report showed inflation is unexpectedly worsening for Americans.
Barely a month after predicting a new "golden age" under President Donald Trump, congressional Republicans are struggling to move forward on the president's tax-cut agenda, despite their control of both the Senate and House of Representatives. House Republicans on Wednesday unveiled a plan that would cut taxes by about $4.5 trillion over a decade, raise the federal government's debt ceiling by $4 trillion - clearing the way for the nation's liabilities to exceed $40 trillion - and find $2 trillion in cost cuts over a decade in mandatory spending programs. While the plan did not specify which programs would be targeted, they could include the Medicaid health program for low-income Americans and Social Security and Medicare for the elderly.
OTTAWA — A Conservative government would build a permanent military base in Nunavut and pay for it by "dramatically cutting" Canada's foreign aid budget, party leader Pierre Poilievre said Monday in Iqaluit.
Business owners and consumers are starting to sour on Trump's economic plans. Will he notice?
Toronto council finalized the city's budget for this year at a special meeting on Tuesday.In a 19 to 5 vote, council approved the property tax rates for 2025, which includes a 6.9 per cent property tax hike, after debating Mayor Olivia Chow's proposed budget all day. Councillors Brad Bradford, Jon Burnside, Stephen Holyday, James Pasternak and Anthony Peruzza voted against the rates.The $18.8-billion operating budget, which covers day-to-day spending, includes increased funds for areas like tran
WARNING: This story contains details of suicide and contains graphic details involving allegations of child abuse and sexual assault.Children in the care of a Manitoba non-profit were sexually abused and forced to spend days in isolation, and one girl killed herself after major gaps in her care, according to new court documents filed as part of a proposed class action lawsuit against Marymound Inc.First filed in 2023, the suit names Marymound, the Manitoba government and the Réseau Compassion Ne
OTTAWA — The potential for a long trade war with the United States, and the uncertainty it brings even if the threat isn’t realized, weighed heavily on the Bank of Canada’s governing council when it decided to cut interest rates last month.
The development could clear months of uncertainty over Apple's AI strategy for China, where it has been losing market share to domestic rivals, including a resurgent Huawei whose smartphones have included AI tools since last year. Apple stock rose 1.5% in early trading, while U.S.-listed shares of Alibaba gained 2.6%. Apple had selected Baidu as its main partner last year, but the Chinese company's progress in developing models for Apple Intelligence fell short of its standards, the report said.
As the U.S. stock market navigates a mixed landscape with the Dow rising and Nasdaq slipping amid tariff discussions and Federal Reserve Chair Jerome Powell's testimony, investors are keenly observing potential opportunities in undervalued stocks. In this environment, identifying stocks that offer significant discounts relative to their intrinsic value can be a strategic move for those looking to capitalize on current market conditions.
President Donald Trump made a campaign promise to lower prices on Day One. Well, it’s Day 24, and as anyone who has gone shopping for eggs lately knows: Prices aren’t any lower than they were on Inauguration Day.
BYD's venture into autonomous driving is expected to solidify its leading position in China's auto sector and spur other car makers to offer more low-cost smart driving solutions, analysts said. "BYD has now gone from 0 to 1 in [autonomous driving] development, which will accelerate the adoption rate of the function in the mass market and lead to a wave of upgrades by existing users," Johnson Wan, an analyst at Jefferies, said in a report on Tuesday. On Monday, Shenzhen-based BYD hosted a launch
Major U.S. airlines on Tuesday asked the U.S. Transportation Department to abandon a review launched by the Biden administration over whether carriers should be required to pay passengers compensation over flight disruptions. Airlines for America, a trade group representing American Airlines, Delta Air Lines, United Airlines, and others, urged the Trump administration to end the review launched in December to take comments on whether airlines in the United States should provide cash to compensate for carrier-caused disruptions like they are required to do in the European Union and Canada. "Airlines do not need further incentive to provide quality service," the group wrote, arguing that USDOT lacks legal authority and that the requirement would drastically boost airlines' costs and hike ticket prices.
House Republican leaders on Tuesday downplayed the possibility of cuts to Medicaid benefits as they seek a reconciliation bill with up to $2 trillion in savings. Speaker Mike Johnson (R-La.) and Majority Leader Steve Scalise (R-La.) sought to reassure the public — and potential jittery members of their own caucus — that the Medicaid…
For decades, Daelynn Moyer easily secured job offers in the tech industry, working her way up from a computer maintenance technician to a manager leading teams of engineers making software. A college dropout, she was confident tech work was her ticket to job security and she would stay in the industry until she retired. Now, Moyer, 55, isn’t so sure her future remains in tech. Since being laid off from Indeed last year, Moyer has applied to more than 140 jobs but received no offers. She and her
The lawsuit accuses the media giant of defamation over allegations made in the documentary 'Diddy: The Making of a Bad Boy.'
