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The loonie is trading at lows not seen in years. Here's what it means for Canadians

The loonie is trading at lows not seen in years. Here's what it means for Canadians

TORONTO — The Canadian dollar is trading against the U.S. dollar at levels not seen since 2020 as the combined pressures of economic outlooks, elections, and energy prices weigh. Here's what you need to know.
Taxes, spending and borrowing all higher as the new Labour government seeks to 'rebuild' the UK

Taxes, spending and borrowing all higher as the new Labour government seeks to 'rebuild' the UK

LONDON (AP) — British Treasury chief Rachel Reeves told lawmakers Wednesday that taxes will rise by 40 billion pounds ($52 billion) to plug a hole in the public finances and provide new funding for the U.K.
Ontario sets table to balance the books ahead of possible early election

Ontario sets table to balance the books ahead of possible early election

TORONTO — Ontario has sharply lowered its projected deficit for next year, setting the stage for the government to easily be able to present a balanced budget ahead of a possible spring election. Earlier this year, the government had forecasted a $4.
Loblaw says it would join with grocery industry in ending property controls

Loblaw says it would join with grocery industry in ending property controls

Canada’s biggest grocer says it wants to eliminate commercial property controls in the grocery industry, amid a Competition Bureau investigation into the practice. Spokeswoman Catherine Thomas says Loblaw Companies Ltd.
Ottawa fires back at Alberta's application for judicial review of carbon price

Ottawa fires back at Alberta's application for judicial review of carbon price

EDMONTON — The federal government says Alberta Premier Danielle Smith's application for a judicial review of Ottawa’s carbon levy is nothing more than political posturing.
TTC board postpones vote on proposal to ban e-bikes, e-scooters during winter months

TTC board postpones vote on proposal to ban e-bikes, e-scooters during winter months

The Toronto Transit Commission's board postponed a vote this week on a proposal seeking a seasonal ban on electric bikes and scooters in the transit system over potential fire hazards.
Tory MPs backed communities seeking Liberal housing fund Poilievre vows to cut

Tory MPs backed communities seeking Liberal housing fund Poilievre vows to cut

OTTAWA — A number of Conservative MPs have written letters to the Liberal housing minister asking him to grant their communities funding from a program that Conservative Leader Pierre Poilievre this week called disastrous and promised to cancel.
Ontario lowers projections for how many new homes will be built

Ontario lowers projections for how many new homes will be built

TORONTO — Ontario is lowering its projections for how many new homes will get built in the province over the next few years, putting the government further off the pace needed to meet its target. Premier Doug Ford has pledged to get 1.
Ottawa urged to halt imports of endangered monkeys for drug testing, amid U.S. probe

Ottawa urged to halt imports of endangered monkeys for drug testing, amid U.S. probe

TORONTO — The federal government is facing mounting pressure to investigate the importation of endangered monkeys for medical research in Quebec, after a United States probe allegedly prompted a pharmaceutical giant to sharply increase its imports no
Federal government would have to double military spending to meet NATO target: PBO

Federal government would have to double military spending to meet NATO target: PBO

OTTAWA — The parliamentary budget officer says if the federal government wants to meet NATO's military spending target by 2032 as promised, it will have to almost double defence spending to $81.9 billion.