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Economy, Law & Politics

Canadian dollar weakness to persist into 2025, expert predicts

Canadian dollar weakness to persist into 2025, expert predicts

After falling to a four-year low last week, the loonie was up slightly Monday at 71.18 cents US. But it still remains lower than it has been since the early days of COVID, and is nearly four per cent below where it was trading in September.
October inflation expected to show mild bump up despite longer-term downward trend

October inflation expected to show mild bump up despite longer-term downward trend

TORONTO — The latest inflation reading due out Tuesday from Statistics ÎÚÑ»´«Ã½ is expected to show a slight uptick for the month of October — but economists say the measure is still on a longer-term downward trend.
Five things to watch for in the Canadian business world in the coming week

Five things to watch for in the Canadian business world in the coming week

TORONTO — Five things to watch for in the Canadian business world in the coming week: Postal strike ÎÚÑ»´«Ã½ Post was hit by a strike Friday after failing to reach a new contract with about 55,000 workers represented by the Canadian Union of Postal Wor
Trudeau to meet with Biden at G20 summit as ÎÚÑ»´«Ã½ crafts approach to emerging powers

Trudeau to meet with Biden at G20 summit as ÎÚÑ»´«Ã½ crafts approach to emerging powers

RIO DE JANEIRO — Prime Minister Justin Trudeau will meet with U.S. President Joe Biden in Brazil at the G20 summit, as Ottawa seeks its place amid a growing rift between Washington and booming economies in the developing world.
Trudeau says APEC leaders focused on how to trade with Trump administration

Trudeau says APEC leaders focused on how to trade with Trump administration

LIMA — Prime Minister Justin Trudeau says he's been advising world leaders to focus on common goals with Donald Trump ahead of his return to the White House, as ÎÚÑ»´«Ã½ shores up its relations with countries across the Pacific Rim.
Opinion: History tells us that axing the carbon tax is a truly bad idea

Opinion: History tells us that axing the carbon tax is a truly bad idea

ÎÚÑ»´«Ã½â€™s carbon tax remains a model for affordability and climate action despite political attacks
ÎÚÑ»´«Ã½, Indonesia agree to trade pact, Trudeau touts nuclear energy for Indo-Pacific

ÎÚÑ»´«Ã½, Indonesia agree to trade pact, Trudeau touts nuclear energy for Indo-Pacific

LIMA — Ottawa has concluded negotiations for a trade deal with Indonesia and is proposing nuclear-energy collaboration with Southeast Asian leaders.
Ex-CEO fails to end 96-year-old Burnaby printing company that fired him

Ex-CEO fails to end 96-year-old Burnaby printing company that fired him

Former CEO and minority owner Daniel Castilloux asked ÎÚÑ»´«Ã½ Supreme Court for an order forcing Mitchell Press Ltd. to be sold off so he could get money for his shares.
Ottawa rules out early intervention to end ÎÚÑ»´«Ã½ Post strike

Ottawa rules out early intervention to end ÎÚÑ»´«Ã½ Post strike

OTTAWA — The Liberal government in Ottawa is signalling it's not currently planning to intervene to end the ÎÚÑ»´«Ã½ Post strike, even though the two sides appear to be far apart and the strike is hitting at the busiest time of year for the postal serv
S&P/TSX composite closes down more than 150 points, U.S. stock markets also sink

S&P/TSX composite closes down more than 150 points, U.S. stock markets also sink

TORONTO — Stock markets in ÎÚÑ»´«Ã½ and the U.S. fell Friday as investors began to digest the implications of a Donald Trump presidency.