B.C. Premier John Horgan and Prime Minister Justin Trudeau met for the first time in Ottawa on Tuesday and dodged conversation over what is expected to be a contentious issue between two leaders. Horgan and Trudeau did speak about a number other issues that they can agree on, specifically wildfire relief, the opioid crisis, the softwood lumber dispute with the …

Canadian Prime Minister Justin Trudeau said on Tuesday that a fair dispute resolution system is essential for any trade pact that the country signs, including a renegotiated North American Free Trade Agreement (NAFTA). The United States earlier this month released its goals for talks on NAFTA, which include a desire to eliminate the Chapter 19 dispute settlement mechanism that has …

Canada’s main stock index gained on Tuesday on the back of higher commodity prices that boosted its natural resources companies, while banks and insurers also added support as bond yields rose. The energy group climbed 2.1 percent as oil prices jumped in the wake of a Saudi vow to reduce exports, while the materials group, which includes precious and base …

Canada wholesale trade rose more than expected in May, driven by increased sales of motor vehicles and agricultural supplies, data from Statistics Canada showed on Monday. The 0.9 percent increase from the month before topped economists’ forecasts for a gain of 0.5 percent, while April was revised down slightly to show an increase of 0.8 percent from the initially reported …

The Canadian government on Tuesday announced proposed tax reforms meant to close loopholes for those that use private corporations to reduce the amount of tax they pay as part of the Liberals’ promise to end such tax breaks for the wealthy. The government said in a consultation paper it will seek input on three specific tax practices to fix the …

OTTAWA (Reuters) – Canadian and Mexican officials will meet on Wednesday to discuss how to handle negotiations on NAFTA, two well-placed sources said on Tuesday, as a top Canadian diplomat hinted at a potential clash with Washington. The working-level talks are scheduled to take place in Ottawa, said the sources, who asked to remain anonymous given the sensitivity of the …

Ontario’s economy is surging after years of lagging behind the oil-producing provinces. Don’t believe it? There’s plenty of evidence. Canada’s big banks are forecasting that Ontario will lead the country in economic growth this year or be within a hair of the top of the pack. Unemployment sits at its lowest level in 16 years. And that economic success is being felt across …

TORONTO (Reuters) – The Toronto Stock Exchange’s efforts to win a slice of the massive Saudi Aramco public listing plays up the country’s deep experience in natural resources as part of a broader offer to help the kingdom with its shift away from oil dependence. In pitch documents obtained by Reuters, the TSX talks up “a customized regulatory environment for …

OTTAWA (Reuters) – The Bank of Canada held interest rates steady on Wednesday, as expected, saying that while economic growth was likely to moderate in the second quarter, government measures to rein in the housing market have not yet had a substantial effect. In a statement seen as less dovish than some had expected, the central bank said excess capacity …

(Reuters) – Efforts to rein in Toronto’s hot housing market and recent problems at mortgage lender Home Capital are unlikely to hurt Canada’s national real estate market as low borrowing costs continue to stoke demand, according to a Reuters poll of analysts. Matching British Columbia’s move last year for Vancouver, Ontario’s provincial government introduced a 15 percent tax on property …