Canada & World

UPDATED: Bank of Canada hikes key interest rate

The central bank increased its key rate by a quarter of a percentage point to 0.5 per cent in a bid to help fight inflation, which is at its highest level since 1991.

Ontario to end vax passports, some businesses persist

Some establishments in Ontario will maintain proof-of-vaccine requirements even after the province ends its vaccine certificate system on Tuesday.

‘Price sensitive’ shoppers turn to discount grocery stores as food costs rise: Loblaw

Canadian consumers are increasingly shopping at discount grocery chains, buying store-branded food and choosing less pricey pork or chicken rather than beef in an effort to save money amid soaring inflation, Loblaw Companies Ltd. said Thursday.

Banking industry says it will need to diligently implement emergency orders

Canada's banking industry says it will follow through with the federal government's emergency orders targeting the trucker protesters as discussions on how best to implement them continue.

New rules going after blockade financing an overreach, critics say

The federal government's move to use expanded financial powers to crack down on the trucker protests is being called a severe overreach by financial crime experts, while details remain scarce on how some of the directives will be implemented.

Annual inflation rate rises to 5.1 per cent in January on broad price increases

Statistics Canada says the annual pace of inflation topped five per cent for the first time in more than 30 years.

Alberta venture capital investment poised to break record again

In Canada's largest oil and gas producing province, investors who have been made wealthy by the energy sector are starting to open their pockets to a budding local tech industry.

Ottawa mayor pushes to shrink convoy footprint, as feds eye action

Ottawa's mayor has set a deadline of noon today for truckers encamped in the capital's core to move out of residential streets in a bid to pare down the size of the protest's footprint.

As border blockade persists, Canadians fear a pretext for more U.S. protectionism

U.S. protectionism has been a fact of life for decades. But even a year removed from Donald Trump's turn as president, it's very much on – thanks in large measure to Trump's successor.

‘Spillover effect is huge’: Automakers scaling back production amid border blockades

Shipping delays are rippling through the economy amid the ongoing protests that have idled Canada-bound traffic on the Ambassador Bridge linking Detroit and Windsor.

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