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Economy, Law & Politics

Which items will be tax-free under the Liberals' promised GST/HST break?

Which items will be tax-free under the Liberals' promised GST/HST break?

The government on Thursday announced a sweeping promise to make groceries, children's clothing, Christmas trees, restaurant meals and more free from GST/HST between Dec. 14 and Feb. 15.
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Bitcoin is at the doorstep of $100,000 as post-election rally rolls on

Bitcoin is at the doorstep of $100,000 as post-election rally rolls on

NEW YORK (AP) — Bitcoin topped $98,000 for the first time Thursday, extending a streak of record after record highs since the U.S. presidential election. The cryptocurrency has rocketed more than 40% in just two weeks.
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Federal government plans to give $250 cheques to millions of Canadians, cut GST

Federal government plans to give $250 cheques to millions of Canadians, cut GST

OTTAWA — The Liberal government plans to temporarily lift the federal sales tax off a slew of items just in time for Christmas and send cheques to millions of Canadians this spring, Prime Minister Justin Trudeau announced on Thursday.
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Retiring? Here's how to switch from saving for your golden years to spending

Retiring? Here's how to switch from saving for your golden years to spending

The last paycheque from a decades-long career arrives next Friday and the nest egg you built during those working years will now turn into a main source of income. It can be a jarring switch from saving for retirement to spending in retirement.
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S&P/TSX composite index up more than 200 points, U.S. stock markets mixed

S&P/TSX composite index up more than 200 points, U.S. stock markets mixed

TORONTO — Canada's main stock index was up more than 200 points in late-morning trading, helped by strength in the energy and technology sectors, while U.S. stock markets were mixed. The S&P/TSX composite index was up 231.92 points at 25,268.38.
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Joly says next U.S. ambassador Hoekstra will help advance 'shared priorities'

Joly says next U.S. ambassador Hoekstra will help advance 'shared priorities'

OTTAWA — Foreign Affairs Minister Mélanie Joly is welcoming president-elect Donald Trump's pick for the next U.S. ambassador in Ottawa.
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Stock market today: Indexes rise as prices for Nvidia, bitcoin and oil all climb

Stock market today: Indexes rise as prices for Nvidia, bitcoin and oil all climb

NEW YORK (AP) — U.S. stocks are rising after market superstar Nvidia and another round of companies said they’re making fatter profits than expected. The S&P 500 added 0.4% in early trading Thursday.
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Border agency detained dozens of 'forced labour' cargo shipments. Now it's being sued

Border agency detained dozens of 'forced labour' cargo shipments. Now it's being sued

VANCOUVER — Canada's border agency says it has detained about 50 shipments of cargo over suspicions they were products of forced labour under rules introduced in 2020 — but only one was eventually determined to be in breach of the ban.
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Opinion: Economic growth is the only way out of B.C.’s financial mess

Opinion: Economic growth is the only way out of B.C.’s financial mess

Housing crisis, fiscal mismanagement and stalled private-sector growth demand decisive action from Premier David Eby
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S&P/TSX composite inches higher on energy strength Wednesday, U.S. markets mixed

S&P/TSX composite inches higher on energy strength Wednesday, U.S. markets mixed

TORONTO — Canada's main stock index crept higher Wednesday thanks to strength in energy stocks, while U.S. stock markets were mixed, recovering from larger losses earlier in the day ahead of earnings from Nvidia expected after the bell.
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