Competition Bureau recommends allowing up to 100% foreign ownership of ‘domestic-only Canadian airlines’
Canada should roll back restrictions on foreign ownership for domestic airlines, a new report from the Competition Bureau recommends.
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Politics
Champagne says Canada won’t pause digital services tax
The finance minister says Canada won’t put a hold on its digital services tax on big tech companies, set to take effect on June 30.
Carney’s contentious major projects bill clears committee
The Liberal government’s controversial legislation that would let cabinet quickly grant federal approvals for big industrial projects like mines, ports and pipelines sailed through committee in the early hours of Thursday.
Overseas conflict between Israel and Iran causes diesel prices to climb in Canada
The conflict between Israel and Iran is fuelling a rise in diesel prices across Canada. The cost of diesel fuel has jumped more than 6 cents per litre in Nova Scotia. Several days earlier, prices climbed by more than 7 cents per litre in New Brunswick.
Business groups push for pause on Canada’s digital services tax targeting tech giants
Ottawa is under pressure to pause digital services tax legislation that directs large tech companies to make a big retroactive payment by June 30.
Average family to save $280 per year from Liberal tax cut: PBO
The parliamentary budget officer estimates the average Canadian family will save $280 on their taxes next year thanks to the Liberal government’s planned income tax cut.
Diversifying trade key to building resilience against U.S. tariffs: Macklem
The Bank of Canada is encouraging businesses to explore export markets beyond the United States to make the economy less vulnerable to the current and future trade disputes.
PM Carney travelling to Europe Sunday for NATO, Canada-EU summits
Prime Minister Mark Carney heads to Europe on the weekend to attend summits on NATO and Canada-EU relations.
Brazil auctions off several Amazon oil sites despite environmentalists and Indigenous protests
Brazil auctioned off several land and offshore potential oil sites near the Amazon River on Tuesday as it aims to expand production in untapped regions despite protests from environmental and Indigenous groups.
Carney to return to Ottawa after fruitful summit with G7 leaders in Alberta
Prime Minister Mark Carney is heading home to Ottawa today after hosting the G7 summit in Kananaskis, Alta.
Legislation to implement open banking moving forward at ‘earliest opportunity’
The federal government says it will introduce legislation to implement open banking at its “earliest opportunity” as some advocates warn the project’s momentum may have stalled.
Carney praised for keeping ‘Trump on board’ at G7 summit held amid escalating violence
Prime Minister Mark Carney pulled off a successful performance hosting the G7 summit in Kananaskis, Alta., say some world leaders and foreign policy experts commenting on his perceived pragmatism and savviness.
Teck receives provincial certificate to extend B.C. Interior copper mine
Vancouver-based mining company Teck Resources says it has received an environmental assessment certificate from the B.C. government to extend the life of the Highland Valley Copper Mine.
Environment minister says consumer rebates for EVs will return
The federal government intends to bring back consumer rebates for electric vehicles but doesn’t yet quite know what they’ll look like, Environment Minister Julie Dabrusin said on Tuesday.
Carney says ‘maximum pressure’ needed as Canada levies more sanctions against Russia
Canada is levying new sanctions against additional Russian individuals, entities and more than 200 “shadow fleet” vessels, Prime Minister Mark Carney announced Tuesday.
Bank of Canada weighed June rate cut but trade uncertainty kept it on hold
Meeting records show Bank of Canada’s top decisionmakers were weighing an interest rate cut earlier this month, pending how the tariff dispute would unfold.