17 h. ago Toronto's crime rate soars 40% above New York in one department

Toronto is known as a low-crime city compared to locales with similar or greater populations, but it may surprise some to learn that the 416 is way ahead of even New York City, Detroit and Los Angeles in one specific category of criminal activity.A new study published on Tuesday by independent Canadian think tank the Fraser Institute reveals that Ontario cities like Toronto, Hamilton and Windsor outpace several major U.S. cities in property crime. This includes many places known for their high crime rates, like New York City, Detroit, L.A. and Flint, Michigan.The study looked at the property crime (e.g., burglary, theft, motor vehicle theft) rates of large urban areas with populations of 100,000 people or more, using maximum annual crime rates from 2019 through 2022.Toronto's per person property crime rate exceeded New York's by a shocking 40 per cent, though overall crime rates are obviously much higher in what is the United States' largest city.Howeve...

Events

18 h. ago Annual inflation rate jumps to 2.6% in February with tax holiday end: StatCan

OTTAWA — The annual rate of inflation accelerated sharply to 2.6 per cent in February as the federal government’s temporary tax break came to an end mid-month, Statistics Canada said Tuesday. That marks a sizeable jump from the 1.9 per cent increase seen in January, when Canadians saw GST and HST taken off a variety […]

Economics

23 h. ago Canadian farmland values rise nine per cent, but rate of growth on a downward trend

Average Canadian farmland values continued their more than 30-year streak of increases last year, but Farm Credit Canada says the rate of growth is slowing and trade disruptions could further dent them. The Crown corporation, which provides financing and other services to the agriculture industry, said in a report Tuesday that the average value of […]

Other

65 h. ago End of federal tax holiday in February expected to lift inflation: Economists

OTTAWA — Economists are expecting the annual rate of inflation accelerated in February as the federal government’s temporary tax break came to an end mid-month. Statistics Canada is set to release February inflation figures on Tuesday. Economists polled by Reuters expect the annual inflation rate rose to 2.2 per cent last month, up from 1.9 […]

Economics

4 d. ago Alberta at odds with its biggest craft brewery, Big Rock, after substantial beer tax hike

Big Rock, founded in 1985, is facing a sudden 22 per cent increase to the fees it pays after a new tax rate was introduced — that largely has no impact on any other craft brewer.

Economics

6 d. ago TSX rises, U.S. markets mixed after more tariffs take effect, BoC cuts rate

Canada’s main stock index rose Wednesday while U.S. markets were mixed, after 25% tariffs on U.S. imports of steel and aluminum officially kicked in and the Bank of Canada cut its key lending rate by a quarter-point to 2.75 per cent. The S&P/TSX composite index was up 175.14 points at 24,423.34. In New York, the […]

Economics

6 d. ago Takeaways on tariffs, jobs and more from the Bank of Canada interest rate decision

The Bank of Canada cut its key interest rate for the seventh time in a row on Wednesday, bringing it to 2.75 per cent. Though the series of rate cuts has eased some pressure on consumers after the central bank hiked rates to fight inflation, the burgeoning trade war with the U.S. has cast a […]

Economics

6 d. ago Bank of Canada cuts its key interest rate to 2.75% as tariffs roil economy

OTTAWA — The Bank of Canada lowered its benchmark interest rate by a quarter point on Wednesday as the tariff battle with the United States starts to weigh on the Canadian economy. The policy rate stands at 2.75 per cent after the central bank’s seventh consecutive rate cut. The move was widely expected by economists. […]

Economics

6 d. ago Bank of Canada expected to cut benchmark rate to buffer economy against tariffs

OTTAWA — The Bank of Canada is expected to announce an interest rate cut today as a cloud of uncertainty looms over the Canadian economy. Economists polled by Reuters widely see the central bank lowering its key lending rate to 2.75 per cent, which would mark its seventh consecutive cut. The decision comes as a […]

Economics

8 d. ago Bank of Canada expected to cut interest rate on Wednesday as trade uncertainty with U.S. continues

Balancing weaker economic growth but higher inflation, central bank may trim rate by 25 basis points to 2.75 per cent

Economics

1 week ago U.S. unemployment ticks up slightly after Trump’s first full month in office

The unemployment rate in the United States rose slightly to 4.1 per cent as the number of jobless Americans rose by 203,000 in February.

Other

1 week ago Minimal job gains in February as unemployment rate holds at 6.6%: StatCan

OTTAWA — Jobs figures from Statistics Canada show Canadian employers largely put their hiring plans on ice in February. The agency says employment was “virtually unchanged” last month amid a gain of just 1,100 jobs across the country, falling short of economists’ expectations. Canada’s unemployment rate held steady at 6.6 per cent as population growth […]

Other

1 week ago Bank of Canada interest rate change is coming next week and here's what to expect

The Bank of Canada (BoC) brought its key interest rate down by 0.25 per cent to three per cent in 2025's first update in January.At the time, 25 per cent tariffs from the U.S. were a threat, and expert speculation took them into account.The tariffs became a reality earlier this week. Days into tariffs taking effect, U.S. officials hinted at pausing tariffs for another month and removing certain agricultural products from the list of tariffed items.On Thursday afternoon, U.S. President Donald Trump partially reversed sweeping tariffs on some items for another month. The White House said goods compliant with the North American trade agreement will be exempt until April 2.Overall, there is growing uncertainty, and tariffs remain a swinging pendulum.This year's second BoC interest rate update is scheduled for Wednesday, March 12. This time, industry experts have more tariff-related concerns, including the U.S.'s game of will-they-won't-they. Once again, many predict a consecut...

Other

2 w. ago Lumber tariffs could have severe impact on B.C.’s softwood industry

The U.S. Department of Commerce issued a preliminary anti-dumping rate of 20.07 per cent, up from 7.66 per cent set three years ago, which is in addition to countervailing duties.

Economics