President-elect Donald Trump says Justin Trudeau resigned because he knows the U.S. will not put up with trade deficits with Canada and says many Canadians would love being the 51st state.
Trump reiterated his rhetoric about Canada joining the United States in a post on Truth Social after Trudeau’s announcement that he will resign as Liberal leader and prime minister as soon as a new leader is chosen.
More to come.
The two-month tax break covers dozens of items, including children's clothes and toys, video games and consoles, Christmas trees, restaurant and catered meals, wine, beer, candy and snacks. It would take effect on Dec. 14 and run until Feb. 15, 2025.
The Finance Department says the federal deficit was $13 billion between April and September. That compares to an $8.2 billion deficit over the same period last year.
The Canadian economy shrank on a per-person basis for a sixth consecutive quarter as higher interest rates continued to weigh on business investment. Statistics Canada’s gross domestic product report said the economy grew at an annualized rate of one per cent in the third quarter, down from 2.2 per cent in the second quarter.
Prime Minister Justin Trudeau does not appear willing to budge on his plan to send a $250 rebate to "hardworking Canadians," despite pressure from the opposition to give the money to seniors and people who are not able to work.
The storm is expected to start tonight and persist until Sunday. More heavy snow is expected in the inland sections of the north coast — including Stewart, which has already received 40 to 55 cm of snow this week — with up to 40 cm more expected between Saturday night and Monday.
The CEO of BC Ferries is warning the company may need to increase fares by 30 per cent or more in 2028, when the current fare structure expires. Nicolas Jimenez says in a written statement the corporation had forecast last year that such a price rise would be needed to keep up with operating and capital costs, but costs since then have spiked, including a 40 per cent jump in shipbuilding expenses.