Economy, Law & Politics

Two local politicians at the forefront of Metro Vancouver's regional planning in 2025 foresee problems with the federal government's immigration policies in light of a gap in infrastructure investment.

TORONTO — Broad-based gains led Canada's main stock index higher in late-morning trading on Christmas Eve, while U.S. stock markets also rose. The S&P/TSX composite index was up 57.82 points at 24,806.80.

OTTAWA — Immigration measures announced as part of Canada's border response to president-elect Donald Trump's 25 per cent tariff threat are starting to be implemented, beginning with a ban on what's known as "flagpoling.

Experts say the next few months are going to be rough for the Canadian dollar as it appears set to continue its downward trend. "We do have more room to fall," said Karl Schamotta, chief market strategist at Corpay.

OTTAWA — Canada appears to be barrelling toward a spring election now that the NDP is vowing to vote down the government early next year — whether Prime Minister Justin Trudeau stays on or not.

Industrial lands represent only 4% of Metro Vancouver land, but create 22% of jobs and produce $8 billion in taxes every year.

TORONTO — Canada's main stock index pushed higher to end Monday up almost 150 points on light trading action, while U.S. stock markets also gained ahead of the Christmas break.

OTTAWA — Prime Minister Justin Trudeau was taking part in a cabinet committee meeting on Canada-U.S. relations today, amid increasing calls for his resignation.

Stocks closed higher on Wall Street at the start of a holiday-shortened week. The S&P 500 rose 0.7% Monday. Several big technology companies helped support the gains, including chip companies Nvidia and Broadcom.

OTTAWA — The Bank of Canada's governing council expects its second straight outsized interest rate cut helped it turn a corner in its fight to tame inflation, but it is watching the economy closely amid weaker than expected growth.