The Canada Revenue Agency has denied or adjusted $458 million in funds disbursed to employers through a pandemic-era wage subsidy program as a result of a partially completed auditing process.

Finance Minister Chrystia Freeland will table the fall fiscal update on Tuesday, Nov. 21, 2023, which is expected to focus on housing and affordability as the Liberal government struggles to regain favour with Canadians feeling overwhelmed and angry about the rising cost of living.

Finance Minister Chrystia Freeland is expected to table the federal government's fall economic statement on Nov. 21, 2023, a mini-budget that will serve as an update on federal finances and contain new measures that reflect the government's priorities.

The mayor of Halifax, which recently secured a deal with Ottawa to fast-track the building of thousands of new homes, says he was caught off guard by recent complaints from premiers over being left out of funding agreements between the federal government and cities.

As the deadline to repay pandemic loans and receive partial forgiveness approaches, small businesses are still hoping the federal government will reverse course and extend it for another year.

Bank of Canada governor Tiff Macklem says fiscal and monetary policy are rowing in opposite directions, making it harder to bring inflation down.

Bank of Canada Governor Tiff Macklem warned premiers who publicly asked the central bank to not raise interest rates last month that their requests could undermine the institution's independence.

Industry Minister François-Philippe Champagne says he wishes Canadian grocers would be more forthcoming with the public about their plans to stabilize prices.

Industry Minister François-Philippe Champagne did not provide any other details, including what products will be subject to promotions. 

Central banks have been trying their best to convince the public that their interest rate hikes are ultimately for the greater good.