As the Bank of Canada resumed its cycle of interest rate hikes, a former federal finance minister said governments should be looking for policy options to help guide Canada to a “soft landing” with the possibility of a downturn ahead.
Finance Minister Chrystia Freeland tried to reassure Canadians that the economy is still headed for calmer times after the central bank unexpectedly resumed raising interest rates.
Statistics Canada say the country's merchandise trade surplus increased to $1.9 billion in April, helped by higher exports of gold, oil and cars and light trucks.
Quebec's massive forest fires have forced most of the province's wilderness outfitters to shut down during one of their busiest seasons.
The union representing more than 7,000 terminal cargo movers in ports throughout British Columbia has scheduled a strike vote as it negotiates a new collective agreement.
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