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Federal government posts $50.9 billion deficit for 2023-24 fiscal year

Federal government posts $50.9 billion deficit for 2023-24 fiscal year

OTTAWA — The federal government ended the 2023-24 fiscal year with a deficit of $50.9 billion. The result for the April-to-March period compared with a deficit of $41.3 billion reported for the same stretch of its 2022-23 fiscal year.
Canadian economic growth slower than expected in Q1, sets up possible rate cut

Canadian economic growth slower than expected in Q1, sets up possible rate cut

OTTAWA — Canadian economic growth came in slower than expected for the first quarter, strengthening the case for a possible interest rate cut by the Bank of Canada next week. Statistics Canada said Friday the economy grew at an annualized rate of 1.
Richmond's T&T Supermarket continues to expand in Lower Mainland, U.S.

Richmond's T&T Supermarket continues to expand in Lower Mainland, U.S.

T&T Supermarket announced plans this week to open new stores in Burnaby and Lynnwood, WA
Can Trump come to Canada now that he's a convicted felon?

Can Trump come to Canada now that he's a convicted felon?

OTTAWA — A Canadian immigration lawyer says Donald Trump is technically barred from crossing into Canada now that he is a convicted felon. The former U.S.
WestJet Encore averts potential pilot strike with tentative deal

WestJet Encore averts potential pilot strike with tentative deal

WestJet Encore and its pilots reached a deal Thursday after two weeks of negotiations, steering clear of a potential strike this week.
Court certifies flooding lawsuit against Abbotsford, B.C., as class action

Court certifies flooding lawsuit against Abbotsford, B.C., as class action

ABBOTSFORD, B.C. — A judge has certified a class-action lawsuit alleging destruction in the November 2021 atmospheric river flooding in the Fraser Valley was magnified by improper operations of a pump station. B.C. Supreme Court Justice S.
Big pay raise proposed for Metro Â鶹´«Ã½Ó³»­chair and vice-chair amid financial crisis

Big pay raise proposed for Metro Â鶹´«Ã½Ó³»­chair and vice-chair amid financial crisis

The Metro Â鶹´«Ã½Ó³»­board of director's chair and vice-chair are attending more meetings and need more compensation, according to a report to the board.
Former BoC governor Stephen Poloz warns on low business investment, lost productivity

Former BoC governor Stephen Poloz warns on low business investment, lost productivity

TORONTO — Stephen Poloz is concerned about investment levels in Canada’s private sector, which he says has been dampened by higher government spending and volatility in U.S. trade relations.
One-third of B.C. workers earn below 'living wage,' report shows

One-third of B.C. workers earn below 'living wage,' report shows

The minimum wage is set to hit $17.40 per hour in B.C. but hundreds of thousands of B.C. workers continue to find themselves under financial stress with relatively low unlivable wages.
Why are grocery bills so high? A new study looks at the science behind food price reporting

Why are grocery bills so high? A new study looks at the science behind food price reporting

Without a clear picture of the actual drivers affecting food prices, we lack the necessary information for developing policies that protect the rights and well-being of Canadians.