10 h. ago Will Canada’s double whammy of tax cuts and defence spending hurt its AAA credit rating?

Desjardins’ report says that standing appears safe for now, despite growing fiscal pressures

Economics

8 d. ago Defence expected to find operational savings even as its budget balloons

OTTAWA — The Department of National Defence will not be spared from Prime Minister Mark Carney’s cost-cutting drive — even though overall defence spending is set to balloon in the coming years. Finance Minister Francois-Philippe Champagne sent letters to cabinet ministers Monday asking them to find savings of 7.5 per cent in their budgets starting […]

Events

9 d. ago Toronto’s homeless population more than doubled between 2021 and 2024: report

The increase in Toronto mirrors the situation in Ontario and across Canada after the COVID-19 pandemic directly affected homelessness rates, the report said

Other

1 week ago Le Canada doit affronter les menaces de Trump et son double discours en droit international

L’Amérique du Nord n’est plus à l’abri de l’instabilité: elle en est désormais exportatrice.

Society

1 week ago Toronto Pearson Airport now serves two of the world's largest passenger planes

Toronto has become one of the handful of cities in the world served by not one, but two Airbus A380 operators, Emirates and now Etihad Airways, cementing Pearson Airport's growing status as a major hub for long-haul travel. Etihad Airways officially began A380 service on its Abu Dhabi to Toronto route on June 24, marking the first time the airline has flown its flagship double-decker aircraft to Canada, and the first time Toronto has hosted two different A380 carriers simultaneously in three years. Etihad's A380 offers 486 seats across four cabin classes, including The Residence, the world's only three-room suite in the sky, complete with a private living room, bedroom, and ensuite shower. The aircraft also features nine "First Apartments" with lie-flat beds and ottoman seating, 70 Business Studios, and 405 Economy Smart Seats with an extra four inches of space. The new aircraft also brings a 31 per cent increase in capacity compared to the previ...

Other

1 week ago Trump to sign ‘big, beautiful bill’ into law. Here’s what it includes

At nearly 900 pages, the legislation is a collection of tax breaks, spending cuts and other Republican priorities, including new money for national defence and deportations.

Other

1 week ago FIRST READING: EU exempting heavy industry from carbon tax as Canada doubles down

With consumer carbon tax gone, Liberals still pursuing industrial carbon taxes

Economics

3 w. ago Toronto business around since 1970 is throwing a street festival for Canada Day

One Toronto business is getting extra cheesy this Canada Day by transforming its entire street into a huge festival in honour of the holiday.We all knew that Toronto, and the rest of the country, for that matter, would be taking Canada Day celebrations to new heights for 2025, as national pride soars in the face of tariff-related tensions with our neighbours to the south.It's not just friend groups getting together for backyard barbecues or heading up north for an extra-long cottage weekend, though; Toronto's businesses also seem to be doubling down on Canada Day celebrations this year, and Etobicoke's Cheese Boutique is one of them.On Tuesday, July 1, the stalwart local cheese shop is shutting down the entirety of Ripley Avenue for an evening of celebrations in the style of a good old-fashioned carnival. Think of it as a warm-up for the CNE later this summer.The festivities kick off at 5 p.m. on Tuesday, July 1, as the street comes to life with ...

Economics

3 w. ago Report says hoping for Canadian housing prices to plummet is not realistic

Canada must dramatically increase the pace of home construction — nearly doubling current annual housing starts — to address the country's deepening housing affordability crisis, according to a new report from the Canada Mortgage and Housing Corporation (CMHC).In its updated annual analysis of Canada's housing supply shortage, CMHC estimates that the country needs to build between 430,000 and 480,000 housing units annually until 2035, up from the current trajectory of about 250,000 units per year. The aim is to restore affordability to levels last seen in 2019, prior to the pandemic-driven housing boom.The federal Crown corporation has shifted its modelling framework to a rolling 10-year horizon, abandoning its earlier 2030 benchmark, which it now considers unrealistic due to the lengthy timelines needed for land use approvals and construction."Restoring affordability to levels last seen two decades ago isn't realistic, especially after the pos...

Economics

3 w. ago Canada must double home construction over 10 years for affordability: CMHC

The Canada Mortgage and Housing Corp. says the goal to reach 2004-level affordability is no longer possible, but it is achievable to hit 2019 levels.

Other