Business
→ NewsHockey fans to pack pubs and arenas for gold medal breakfast
The article reports the Premier posted on X that the province will allow bars and restaurants to sell alcohol starting at 6:00 a.m. as Canadians gather to watch Team Canada face Team USA at 8:10 a.m. in Milan for the Olympic gold-medal game.
Ramadan and Lent overlap highlights shared practices, says imam
Muslims observed the first full day of Ramadan the same day Christians marked Ash Wednesday in Calgary, the first such overlap in more than 30 years; local faith leaders said the coincidence has prompted dialogue and highlighted commonalities between the two faiths.
U.S. military airlifts small reactor as administration pushes to speed nuclear deployment
The Pentagon and U.S. Energy Department flew a 5-megawatt microreactor without fuel from California to Utah for testing, officials said. The move is described as part of an effort to accelerate licensing and deployment of microreactors for military and civilian power needs.
RCMP's reserve program faces recruitment, training and resource challenges
An internal RCMP evaluation found recruitment, training, resource and management issues are limiting the reserve program’s ability to meet needs; the RCMP has provided a management response that includes reviews and timelines to address the report’s recommendations.
Russia-Ukraine conflict shows prolonged damage and displacement
As the war enters its fifth year, reports say about 5.9 million Ukrainians have been displaced and at least US$176 billion in direct damage was recorded to Dec. 31, 2024.
Cuba running on fumes as Canada weighs sending humanitarian aid
Canada says it is evaluating whether to send humanitarian aid as Cuba faces severe fuel shortages linked to U.S. measures that have limited oil deliveries, and Ottawa has urged Canadians on the island to consider leaving.
CUSMA carveout preserved in Trump's 10% global tariff
The White House said goods compliant with the Canada‑U.S.‑Mexico agreement (CUSMA) are exempt from President Trump's newly announced 10 per cent global tariff; the move followed a U.S. Supreme Court ruling that struck down tariffs imposed under the International Emergency Economic Powers Act (IEEPA).
Mexico and Canada receive exemption to 10% US levy while USMCA faces risk
Mexico and Canada received an exemption from a proposed 10% U.S. levy under a USMCA carve-out, and the administration says it seeks continuity as the tariff order takes effect on Feb. 24.
Ottawa working with provinces to reduce developer fees, minister says
The federal government is discussing a joint program with provinces to invest about $25 billion in community infrastructure to lower development charges, Housing Minister Gregor Robertson said. He also noted the federal Build Canada Homes agency has an initial $13 billion commitment to support non-market housing and modern construction methods.
First tax season since CRA revamped services introduces new account tools
The Canada Revenue Agency has updated call centres, websites and My Account features after a service improvement plan, and the tax-filing season runs until April 30 for most taxpayers.
B.C. could challenge U.S. lumber tariffs in U.S. courts, Eby says
B.C. Premier David Eby said a recent U.S. Supreme Court ruling may let the province challenge a 10% U.S. national-security tariff on softwood lumber and that officials will consult a U.S.-based law firm; existing anti-dumping levies remain in place and total about 45%.
Transport Canada certifies Gulfstream G500 and G600 after U.S. tariff threat
Transport Canada has approved Gulfstream's G500 and G600 business jets, according to a government document posted online; other Gulfstream models, including the G700 and G800, remain under review and U.S. President Donald Trump had previously threatened tariffs over certification disputes.
Epstein revelations shake Royal Family while causing little ripple in Trump's America
Andrew Mountbatten-Windsor has been arrested on suspicion of misconduct linked to Jeffrey Epstein, and the Epstein file disclosures have prompted resignations and political fallout in several countries while producing relatively limited consequences so far for many Americans named in the files.
B.C.'s debt is taking a growing share of provincial revenues
This year British Columbia will divert just over six cents of every revenue dollar to interest payments, rising to an estimated 8.2 cents by the end of the fiscal plan, while the budget forecasts a record $13.3-billion deficit.
Montreal announces new plan to allow encampment 'tolerance zones'
Montreal will permit some homeless encampments on designated city land under a new 'tolerance zones' protocol, and officials said camps will be relocated only for safety or nuisance concerns because dismantling often harms vulnerable people.
Gordie Howe bridge will reduce truck traffic at Ambassador Bridge
A U.S. Department of Homeland Security analysis says the new Gordie Howe bridge will cut commercial traffic at the Ambassador Bridge from nearly three million vehicles a year to about 1.6 million, and the new span is expected to open this year.
Judge questions WestJet settlement with female flight attendants
A B.C. Supreme Court judge raised concerns about a proposed settlement between WestJet and nearly 3,500 female flight attendants and extended the deadline for class members to file objections to March 23.
Trump tariff ruling narrows emergency authority but trade uncertainty may continue
The U.S. Supreme Court ruled tariffs imposed under emergency powers unlawful, but sector-specific tariffs under Section 232 remain in place and questions about refunds are unresolved.
Canada welcomes U.S. Supreme Court ruling that invalidates some Trump tariffs
Canada welcomed a U.S. Supreme Court decision that struck down the legal basis for some tariffs imposed under the International Emergency Economic Powers Act, while levies on steel, aluminum and autos under Section 232 were not affected.
U.S. tariffs still affecting Canadian industries after court ruling
The U.S. Supreme Court struck down the administration’s use of the International Emergency Economic Powers Act to impose tariffs, ending fentanyl-related duties on Canada; the White House said it will pursue a 10 per cent global tariff under Section 122 that would last 150 days unless Congress approves it.
Civil service anxiety over looming job cuts
The B.C. government announced plans to cut 15,000 public‑sector full‑time positions over three years to address a projected $13‑billion deficit, and union leaders say the lack of detail is creating anxiety among civil service employees.
U.S. tariffs ruling not a clear win for Canadian businesses
The U.S. Supreme Court struck down a legal method used to impose tariffs, but sector-specific duties on metals, lumber and automobiles remain and uncertainty persists for Canadian businesses.
Museums and visitor centres closures in Nova Scotia draw criticism
Nova Scotia will permanently close three provincially run museums and most provincially operated visitor information centres, and affected staff were informed they will lose their jobs. Provincial officials say the moves are meant to modernize services and reduce repair and maintenance costs amid a larger budget shortfall.
Tesla's sedan helped reshape its place in the market
A reviewer described an early Tesla sedan as unusually quiet and quick, and Elon Musk said it would change the world; Tesla reports combined Model S and X sales higher than 630,000, and by 2023 the Model S helped make Tesla the only automaker in the so‑called "Magnificent 7."
Trump's Global Tariffs Struck Down by US Supreme Court
The U.S. Supreme Court struck down a set of global tariffs linked to former President Trump, and analysis before the ruling estimated the U.S. average effective tariff rate could fall from 13.6% to about 6.5%; tariffs on steel, aluminum and autos were enacted under a different law and were not affected.
Court ruling against tariffs affects global markets and assets
Stock markets in the United States, Europe and Asia rose after the U.S. Supreme Court struck down President Trump's tariffs, and strategists said the decision has multi-asset implications while questions remain about refunds and the administration's response.
Stock markets slip as U.S. growth slows and tariff decision nears
U.S. GDP grew at a 1.4% annualized rate in the fourth quarter, below expectations, while the Federal Reserve’s preferred inflation gauge (PCE) rose 0.4% in December; markets traded lower as investors awaited a possible U.S. Supreme Court ruling on tariffs.
U.S. economy slowed more than economists expected in fourth quarter.
U.S. GDP rose at a 1.4% annualized rate in the fourth quarter, below economists' roughly 3.0% forecast, and the Congressional Budget Office estimated last year's government shutdown reduced fourth-quarter output by about 1.5 percentage points.
Retail sales rebound to start 2026 with January gains.
Statistics Canada’s advance estimate shows retail receipts rose 1.5% in January after a weak end to 2025; December had a 0.4% decline led by motor vehicle and parts dealers.
Modular housing faces zoning resistance despite government push
Investors in Port Alberni bought a six‑acre riverside site and prepared it for 31 homes, but municipal zoning currently bars fully modular houses on the property. Provincial and federal policies are supporting modular construction, yet local rules and perceptions are limiting its use.
