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Cap on student visas should help take pressure off soaring rents, Macklem says

Cap on student visas should help take pressure off soaring rents, Macklem says

The federal government has announced a two-year limit on new study permits to get a handle on a soaring international student program. 
Inflation slowed further in December as an economic 'soft landing' moves into sharper focus

Inflation slowed further in December as an economic 'soft landing' moves into sharper focus

WASHINGTON (AP) — The Federal Reserve’s preferred inflation gauge cooled further last month even as the economy kept growing briskly , a trend sure to be welcomed at the White House as President Joe Biden seeks re-election in a race that could pivot
Federal government posts $19.1B deficit for April to November period

Federal government posts $19.1B deficit for April to November period

OTTAWA — The federal government posted a deficit of $19.1 billion for the first eight months of its 2023-24 fiscal year. The result for the April-to-November period compared with a deficit of nearly $3.
Ontario privacy commissioner feels urgency to address 'Wild West' risks of AI

Ontario privacy commissioner feels urgency to address 'Wild West' risks of AI

TORONTO — Ontario's information and privacy commissioner says she feels "a sense of urgency" to act on artificial intelligence as her list of concerns with the technology mounts.
AIMCo expresses interest in buying a stake in Trans Mountain pipeline

AIMCo expresses interest in buying a stake in Trans Mountain pipeline

CALGARY — The Alberta Investment Management Corporation (AIMCo) has expressed an interest in purchasing a potential stake in the Trans Mountain pipeline.
Most actively traded companies on the Toronto Stock Exchange

Most actively traded companies on the Toronto Stock Exchange

TORONTO — Some of the most active companies traded Thursday on the Toronto Stock Exchange: Toronto Stock Exchange (21,101.54, up 75.76 points): Royal Bank of Canada. (TSX:RY). Finance. Unchanged, at $132.34 on 10.2 million shares.
S&P/TSX composite rises, U.S. stock markets also gain after strong GDP report

S&P/TSX composite rises, U.S. stock markets also gain after strong GDP report

TORONTO — Strength in energy and utilities helped Canada's main stock index post a modest gain Thursday, while U.S. markets also moved higher following a stronger-than-expected GDP report. The U.S. economy grew 3.
B.C. power line cut access to Highway 99 to and from U.S. border for hours

B.C. power line cut access to Highway 99 to and from U.S. border for hours

SURREY, B.C. — A power line that fell over Highway 99 in Surrey, B.C., cut off a key route to and from the U.S. Peace Arch Border Crossing for nearly three hours on Thursday.
Alberta welcomes expansion of pharmacy care clinics in communities across province

Alberta welcomes expansion of pharmacy care clinics in communities across province

EDMONTON — The Alberta government says the expansion of pharmacy care clinics across the province could help reduce the strain on the province's emergency departments and family doctors.
Apple will open iPhone to alternative app stores, lower fees in Europe to comply with regulations

Apple will open iPhone to alternative app stores, lower fees in Europe to comply with regulations

Apple has unveiled a sweeping plan to tear down some of the competitive barriers that it has built around its lucrative iPhone franchise, but the new choices opening up to consumers and app developers will only be available within Europe to start.