Canada & World

The Canadian economy surged ahead in February as pandemic-related restrictions eased, fuelling expectations by economists that the Bank of Canada will opt for another oversized rate hike in June.

The document, set to serve as the Tory platform during a campaign expected to kick off next week, has the party projecting Ontario will be $19.9 billion in the red this year.

Conservative leadership candidate Pierre Poilievre is vowing to subject the Bank of Canada to the scrutiny of the federal auditor general and bar the use of its own digital currency.

The head of a federal infrastructure agency says a new set of investing orders from the Liberal government should make it simpler to deploy more funding in the coming months.

The arrangement, often called a "workcation," has seen renewed interest from both employees and employers since the COVID-19 pandemic began.

Air Canada more than tripled its revenues last quarter as demand for travel revved back up, though a net loss of nearly $1 billion signalled the pandemic recovery is far from complete.

The governor of the Bank of Canada is signalling Canada's key interest rate could go up another half percentage point in June to help wrestle inflation under control.

New measures to ensure Canada doesn't export sensitive technology to foreign adversaries are among the changes being eyed by Ottawa to bolster the country's economic security.

He wouldn't rule out pushing rates beyond 50 basis points all in one sitting, after moving to lift rates by that amount to one per cent just last week, but said he "is prepared to be as forceful as needed."

Statistics Canada says core retail sales -- which exclude sales at gasoline stations and motor vehicle and parts dealers -- rose 1.4 per cent.