Businesses Face Risks as Tariff Deadline Nears

Canadian Trade Minister Dominic LeBlanc and chief trade negotiator Janice Charette are meeting with U.S. Trade Representative Jamieson Greer in Washington for the second time this week. The discussions have intensified following a U.S. proposal that would reduce some sectoral tariffs. Canadian officials reportedly believe the reductions do not go…

Retirement Planning Set to Change for Canadians

While the overall number of Canadians participating in registered pension plans has increased, the growth has mainly come from public sector employees. Private sector workers have seen a decline in pension plan participation. According to recent data from Statistics Canada, the number of Canadians actively enrolled in registered pension plans…

Confidence Growing as Rate Remains Unchanged

This is the sixth consecutive meeting where rates have been held, reflecting the central bank’s view that current monetary policy is appropriately balanced. Economic activity weakened during the early part of the year. However, recent data indicates that conditions have improved during the second quarter. The Bank of Canada now…

Consumer Insolvencies Soar in Canada

According to figures from the Office of the Superintendent of Bankruptcy, more than 37,000 Canadians filed for insolvency during the first quarter of 2026. Insolvency filings increased 8.5 per cent compared with the same period last year, while the number of new cases accelerated sharply. Experts view the trend as…

Housing Market Shows Early Signs of Stabilisation

Although annual sales figures continue to reflect challenges, growth and stabilisation suggest the market may be finding its footing. According to the latest data from the Canadian Real Estate Association (CREA), just over 47,000 homes changed hands across the country during May. This represented a decline of 5.1 per cent…

Canada to Toughen Forced Labour Rules

The proposed measure would impose a 10 per cent tariff on imports from Canada and other nations accused of weak enforcement against forced-labour-related goods. Most Canadian exports are expected to remain unaffected because products that comply with the Canada-United States-Mexico Agreement (CUSMA) would be exempt from the new duties. Prime…

Carney to Reduce Home Power Costs

Prime Minister Mark Carney says the plan is designed to make energy more affordable for Canadians while also expanding the nation’s electricity grid to meet growing demand. For many Canadians, rising utility bills have become another source of financial pressure alongside higher housing costs and groceries. The government says this…

Filing Mistakes Causing Delays & Potential CRA Reviews

One of the most frequent issues is missing income information. While the tax agency receives many documents directly from employers and financial institutions, not all slips arrive at the same time. Filing too early can mean leaving out important forms like investment income slips that often come later. Even a…

Fuel Crisis Threatens Rising Costs and Disruptions

As conflict in the Middle East continues to constrain vital energy supplies, the aviation sector is facing what some analysts describe as an unprecedented challenge. The situation has escalated rapidly. According to Fatih Birol of the International Energy Agency, the world is experiencing one of the most severe energy crises…

Rising Trade Deficit Increasing Financial Pressure

In February, Statistics Canada reported a merchandise trade deficit of $5.7 billion. This means the country imported significantly more goods than it exported, with imports reaching a record high. This might sound like a distant economic issue, but it can influence everything from job stability to prices. A key driver…