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Budget officer says he expects ramped-up defence spending to deepen deficit

Budget officer says he expects ramped-up defence spending to deepen deficit

OTTAWA — The parliamentary budget officer said Thursday he expects the federal government's deficit will balloon this year thanks to ramped-up defence spending — but without a spring budget or more clarity from Ottawa, he can't say for sure.
Montreal transit agency reinstates "move along" rule to boost sense of security

Montreal transit agency reinstates "move along" rule to boost sense of security

MONTREAL — Montreal's public transit agency has reintroduced a no-loitering rule in the city's subway tunnels.
Canada's EV market was already in trouble. Tariffs made it worse, Ontario workers say

Canada's EV market was already in trouble. Tariffs made it worse, Ontario workers say

INGERSOLL — Bob Pulham recalls the optimism in the air when General Motors began producing electric vans in Ingersoll, Ont., in late 2022.
Toronto police charge 11 suspects in taxi scam investigation

Toronto police charge 11 suspects in taxi scam investigation

Toronto police say 11 people face more than 100 criminal charges after an investigation into a taxi scam targeting unsuspecting victims in the city.
Descartes Systems Group acquires PackageRoute for about US$2 million

Descartes Systems Group acquires PackageRoute for about US$2 million

TORONTO — Logistics software company Descartes Systems Group says it has acquired PackageRoute for about US$2 million.
Thorough estate planning 'one of the most loving things': financial planner

Thorough estate planning 'one of the most loving things': financial planner

What does it matter if I'm going to be dead anyway? It's a comment sometimes heard by Julia Chung, an advice-only financial planner at Spring Planning in Vancouver. Her retort: "It isn't about you. It's about the people that you leave behind.
BMO Financial Group to buy Burgundy Asset Management for $625 million

BMO Financial Group to buy Burgundy Asset Management for $625 million

TORONTO — BMO Financial Group has signed a deal to buy Burgundy Asset Management Ltd. for $625 million in shares. Burgundy provides discretionary investment management for private clients, foundations, endowments, pensions and family offices.
Bank of England keeps main UK interest rate at two-year low of 4.25%

Bank of England keeps main UK interest rate at two-year low of 4.25%

LONDON (AP) — The Bank of England kept its main interest rate at the two-year low of 4.25% on Thursday as fears grow that the conflict between Israel and Iran will escalate.
Affordability challenges still plague renters despite falling prices: report

Affordability challenges still plague renters despite falling prices: report

TORONTO — A new report suggests Canadian renters continue to face affordability challenges even as asking rent prices have fallen this year, while those considering the leap to home ownership are taking a wait-and-see approach.
Carney's contentious major projects bill clears committee

Carney's contentious major projects bill clears committee

OTTAWA — Running roughshod over the environment. Spawning the next Idle No More movement. Picking economic winners and losers. Prime Minister Mark Carney’s Building Canada Act is anything if not a magnet for criticism.
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