Environmental advocacy groups are warning federal watchdogs that RBC's potential acquisition of HSBC Canada will make the country’s banking system more vulnerable to the risks of climate change and slow action to address the crisis.
Prime Minister Justin Trudeau has landed in Hiroshima, Japan for the G7 Leaders’ Summit, where he’s expected to push for increased co-operation on global and economic security to guard against geopolitical instability and the threat of climate change.
Trans Mountain will have to repay the banks, with interest, and experts warn it is unlikely the company will be able to repay banks based on the project’s construction costs, tolls and international oil markets.
The financial support Canada is offering for the clean energy transition is competitive with the Inflation Reduction Act (IRA) south of the border, a new report from TD Economics says.
But just because the Trudeau government’s bet on deficits has paid off in the past doesn’t mean it will continue being a winner indefinitely, writes columnist Max Fawcett.
Finance Minister Chrystia Freeland has dismissed criticism that this week's federal budget lacks measures to address Canada’s housing crisis, saying last year’s budget featured a $10-billion plan that is still being spent.
The federal Liberal government is committing $8.7 million to hold more consultations on Indigenous resource sharing in a budget that offers relatively little new spending on its reconciliation agenda.
The federal government announced $59.5 billion of new spending over the next five years as part of a narrowly focused budget that also promises to find savings in the public service and increase tax revenues.
The new federal budget shows the government's dental-care insurance program is projected to cost more than double what the Liberals originally thought, adding another $7.3 billion over five years.