Iran War Ends Canadian Carbon Tax Relief, Gas Prices Jump
The U.S.-Israel war with Iran disrupts 20% of global oil supply, causing gasoline prices in Canada to spike to $1.55 per litre, erasing savings from the eliminated carbon tax.
Category : Business
HST Holiday on New Homes Could Save Jobs and Boost GDP
A new report suggests a three-year HST holiday on new homes up to $1.3 million could preserve 26,000 jobs, generate $3.9 billion in GDP, and improve housing starts in Ontario amid a construction downturn.
U.S. Probes Canada, 60 Nations to Revive Tariff Policy
The Trump administration initiates investigations into forced labor and industrial overcapacity in 60 economies, including Canada, to rebuild tariffs after a Supreme Court ruling.
B.C. Sikhs Call for Transparency in India-Canada Trade Talks
Sikh organizations in British Columbia join national efforts seeking clarity from Ottawa on trade negotiations with India amid concerns over transnational repression and violence.
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Pattullo Bridge Demolition: Controlled Dismantling Begins
The 90-year-old Pattullo Bridge over the Fraser River is being carefully dismantled piece by piece, with the entire process expected to take nearly two years to complete by late 2027.
Citizen Developer Guide Helps Homeowners Build Multi-Unit Housing
A new guide launched by housing advocate Liam Gill provides homeowners with step-by-step instructions to develop missing middle housing, aiming to address Toronto's affordability crisis by increasing density and supply.
Canada's Unemployment Rate Hits 6.7% After 84,000 Jobs Lost
Canada's labor market experienced a significant setback in February as the economy shed 84,000 jobs, pushing the unemployment rate up to 6.7%, according to Statistics Canada.
New Issue Delays Ottawa LRT East End Service Restoration
An unspecified new problem with the Overhead Catenary System continues to block east end service on OC Transpo Line 1, which has been shut since Wednesday's ice storm. R1 replacement buses are running between Lyon and Blair stations.
Canada Loses 84,000 Jobs, Unemployment Rate Climbs to 6.7%
Statistics Canada reports a significant downturn in the labor market, with 84,000 jobs lost in February 2026, pushing the national unemployment rate up to 6.7%.
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MDA Space CEO: U.S. IPO Fuels Acquisition Strategy
MDA Space Ltd. completes $300 million IPO on NYSE, with CEO Mike Greenley stating the U.S. listing creates acquisition 'currency' and access to space-focused American investors.
Brent Oil Tops $100 as Iran Keeps Hormuz Strait Closed
Global oil prices experience extreme volatility as Iran's closure of the Strait of Hormuz creates the largest supply disruption in decades, with Brent crude swinging wildly above $100 per barrel.
Bank of Canada Could Hike Rates This Year Due to Oil Crisis
Markets now fully price in a September rate hike as Middle East conflict drives oil prices higher, threatening inflation expectations in Canada.
Alberta's Procurement Office Should Adopt Proven Models
Alberta's new Strategic Procurement Office represents progress, but experts argue it should learn from global leaders like the U.S. rather than creating entirely new approaches.
Global Shocks and Domestic Policies Drive Food Price Volatility
Crude oil price swings and Canada's rising carbon tax create a double whammy for food supply chains, exacerbating inflation and regulatory burdens compared to the U.S.
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U.S. Probes 60 Countries for Forced Labor in Trade Practices
The United States has initiated a major investigation into unfair trade practices across 60 countries, focusing on forced labor allegations. This move signals a significant shift in international trade enforcement.
Trump Crypto Venture Offers $5M 'Guaranteed Direct Access'
Eric Trump, alongside TRON founder Justin Sun and World Liberty Financial's Zach Witkoff, unveiled a high-stakes crypto investment opportunity at Dubai's Token 2049 event, promising exclusive access for major backers.
European Stocks Fall on Iran War Uncertainty, Oil Price Surge
European stocks declined sharply as the ongoing war in Iran disrupts global energy supplies, driving oil prices above $100 per barrel and forcing markets to reassess interest rate expectations amid heightened inflation concerns.
Ottawa O-Train Line 1 Partial Service After New Issue
Ottawa's LRT Line 1 continues to operate with limited service following a newly identified technical problem, disrupting commuter travel on Friday morning.
Identity Theft Insurance: A Critical Shield for Retirees
Experts highlight why identity theft insurance deserves consideration for retirees, who face disproportionate financial losses from identity crimes despite federal protections.
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Canada's Energy Exports Crippled by Lost Liberal Decade
Federal Energy Minister Tim Hodgson's vision of Canada as a global LNG leader clashes with infrastructure deficits from the Trudeau era, highlighting missed opportunities in oil and gas exports.
Adobe Shares Drop After CEO Exit Sparks AI Concerns
Adobe Systems Inc. faces a significant stock decline following its CEO's unexpected departure, intensifying investor worries about the company's ability to compete in the rapidly evolving AI landscape.
Canadian Wealth Hits $1.07M Average, Driven by Age and Province
Statistics Canada reports household net worth reached $18.4 trillion in Q3 2025, averaging $1.07 million per household. Wealth distribution varies significantly by age, province, and income bracket, with real estate and financial assets playing key roles.
U.S. Farmers Sell Crops Amid Iran War Market Rally
American agricultural producers are accelerating crop sales as geopolitical tensions in Iran fuel a significant commodity price surge, impacting global trade flows.
Quebec Bill 20 Threatens Co-operative Housing Autonomy
Housing groups criticize Quebec's Bill 20 for government overreach in co-operative housing, warning it could destroy the non-profit model and create income-based ghettos.
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Oil Forecasts vs. Market Realities: Corcoran's Analysis
Economic journalist Terence Corcoran examines conflicting oil price forecasts, from $70 to $200 per barrel, and argues that market forces ultimately determine outcomes, not sensational predictions.
Oil Above $100 as Iran Closes Hormuz, Market in Turmoil
Brent crude oil prices have soared above $100 per barrel amid extreme volatility, as Iran's closure of the Strait of Hormuz disrupts global supply, prompting emergency measures and inflation fears.
Alberta's Fiscal Crisis: Bring Back Klein's Budget Rules
Alberta's current fiscal framework fails as deficits soar to $24 billion and debt hits $137 billion. Experts argue for a return to Ralph Klein's clear, disciplined budget rules to restore fiscal health.
Alberta Should End Auto Insurance Rate Caps, Expert Warns
Economist Jack Mintz argues Alberta's auto insurance rate caps are driving companies out of the market, creating unsustainable conditions that could leave consumers with fewer options.
Iran War Shifts Mortgage Rate Outlook: Lower Rates Unlikely
The escalating conflict in Iran has dramatically altered mortgage rate projections for 2026, shifting expectations from potential decreases to probable stability or increases due to oil price volatility and inflation concerns.
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StatsCan to Report February Jobs and Unemployment Data
Statistics Canada is set to publish key labor market data for February, including employment numbers and the unemployment rate, offering insights into the nation's economic health.
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