2 w. ago As sub competition heats up, TKMS and Germany making moves in Canada

OTTAWA — Representatives from the German government and submarine builder ThyssenKrupp Marine Systems say it’s “perfectly feasible” to begin delivery of submarines to Canada before Ottawa’s deadline of 2035. A Canadian representative from TKMS tells The Canadian Press the firm was surprised how quickly Canada moved to narrow down the options for new submarines. The […]

Other

2 w. ago Canadian Firms Are Absorbing Tariff Costs, Keeping Lid on Inflation

Many Canadian companies aren’t yet charging their customers higher prices because of tariffs, a sign that inflation pressure stemming from the ongoing trade dispute with the US may be delayed.

Economics

3 w. ago Small Canadian Firms Are Paying for Trade War Despite Exemptions

After US President Donald Trump announced tariffs on imports from Canada in March, one small Ontario manufacturer saw orders plunge to nearly zero.

Economics

3 w. ago Canadian families with kids will get some money from the government this week

Money is on its way to eligible Canadian families who will receive another monthly payment of the child tax benefit this week.The eighth instalment of the Canada Child Benefit (CCB) will be deposited on Wednesday, Aug. 20.The child tax payment increased in July, marking the beginning of the new benefit year. The federal government uses a process called indexation to raise the payment to help parents as the cost of living continues to soar.An Employment and Social Development Canada (ESDC) spokesperson said in January that the indexation means the max CCB amounts and income thresholds are increased yearly to "keep pace with the rising cost of living."This year, Canadian families were given a 2.7 per cent boost in child tax benefit payments, bringing the annual base benefit for children under six from $7,787 to $7,997 ($666 monthly) and from $6,570 to $6,748 ($562 monthly) for children aged six to 17 until June 2026.The Child Disability Benefit (CDB) also went up from $...

Politics

3 w. ago Ottawa taps Canadian tech firm for ideas on using AI in public service

The federal government says the agreement with Cohere also involves looking at building Canada’s commercial capabilities to use and export AI.

Economics

3 w. ago Canadian defence firm to make ballistic steel through Swedish partnership

OTTAWA — Canadian defence manufacturer Roshel is partnering with a Swedish steel company so it can produce ballistic-protection steel domestically for the first time. Roshel, which makes armoured vehicles, and will now be able to use Swebor’s intellectual property to produce ballistic steel in Canada. The agreement comes as Canada is looking to boost domestic […]

Economics