The federal finance minister has been taking every opportunity to remind frustrated Canadians that after a bumpy pandemic recovery, the nation's economy is actually doing a lot better. Inflation is now at 1.6 per cent, below the Bank of Canada's two per cent target. Interest rates are falling rapidly and more cuts are on the way. The economy, while weak, has avoided a much-feared recession.
The Crown corporation says in a news release late Monday that neither side has provided the minimum 72-hour notice of their intent to start a labour disruption, but the Canadian Union of Postal Workers repeated a threat on its website that it "won’t shy away from taking the next step" if there is no real movement at the bargaining table.
The U.S. is Canada's largest trading partner and its next president will be in charge during the review of the Canada-U.S.-Mexico agreement in 2026. Harris has campaigned on the fact that she voted against the trilateral agreement, saying it didn't do enough to protect American workers or the environment. The vice-president is largely expected to maintain President Joe Biden's Buy American procurement rules.
A Hindu temple in Brampton, Ont., where violence erupted over the weekend was the site of another demonstration on Monday night that police broke up after they say weapons were spotted in the crowd. Peel Regional Police said in social-media updates that the demonstration was declared an unlawful assembly shortly before 10 p.m., after officers saw weapons "within the demonstration."
U.S. voters are choosing between starkly different visions of their country's future with either former president Donald Trump or Vice-President Kamala Harris. Whoever wins the White House this year will be in charge when the Canada-U.S.-Mexico trade agreement is reviewed in 2026.
British Columbia's Crown utility says crews have restored power to 95 per cent of some 290,000 businesses and homes that were in the dark at some point Monday as strong winds battered coastal areas and parts of the central Interior. BC Hydro says crews have been working around the clock to replace dozens of spans of power lines as well as power poles knocked down by toppled trees.
