Typical mortgage payment could be 30% higher in 5 years, Bank of Canada warns

High house prices and debt loads associated with them are a major vulnerability to Canada’s economy, the Bank of Canada said Thursday, warning buyers who bought during the pandemic that the impact of even slightly higher mortgage rates could be dramatic. In its Financial System Review, the central bank said that while the country’s financial system is strong and weathered […]

Case dropped against Canadian bureaucrat accused of leaking secret documents

The Crown has dropped its case against a federal bureaucrat who was accused of leaking secret cabinet documents about a $700-million shipbuilding contract. Matthew Matchett walked out of an Ottawa courthouse a free man after Justice Hugh McLean informed the jury hearing the breach of trust case about the Crown’s decision. The surprise development came on the fourth day of […]

PM selects chief legal officer at House of Commons to be next privacy commissioner

Prime Minister Justin Trudeau has nominated accomplished lawyer Philippe Dufresne to be the next federal privacy commissioner. Dufresne is the chief legal officer of the House of Commons and has previously worked as senior general counsel of the Canadian Human Rights Commission. Philippe Dufresne is the chief legal officer of the House of Commons and has previously worked as senior […]

The Liberals could do more to tackle inflation — but that’s now a question for the fall

On Tuesday, as the inflation debate that consumed question period this spring ground on for another day, interim Conservative leader Candice Bergen and Finance Minister Chrystia Freeland got into an argument over which of them was “out of touch.” Brandishing a new survey that suggests a quarter of Canadians have been eating less because of the cost of food, Bergen […]

CBSA officers caught giving preferential treatment, associating with criminals, documents reveal

Canadian border officers have been reprimanded for hundreds of acts of misconduct over the past two years — including preferential treatment and criminal association — according to documents obtained by CBC News. Details of the cases — all of which were deemed founded — were released under access to information law and cover the period Jan. 1, 2020 to Jan. […]

5 of 6 Conservative leadership candidates open to another debate

Five out of six Conservative leadership contenders have expressed support for a third official debate, with the perceived front-runner the sole holdout. Leadership candidates Jean Charest, Patrick Brown, Leslyn Lewis, Roman Baber and Scott Aitchison publicly stated Wednesday that they’re open to a third contest, but Pierre Poilievre hasn’t weighed in yet. The Party held two official debates in May, […]

Federal minister says defrocked priest who abused Inuit children ‘should rot in jail’

The statutory release of a defrocked priest who sexually abused children in Igloolik, Nunavut, received a sharp response from the federal minister of Crown-Indigenous Relations. On Thursday, Minister Marc Miller told reporters he believes people like Eric Dejaeger “should rot in jail.” Dejaeger, now 75, was convicted in 2015 of 32 counts of sexually abusing people in Igloolik, many of […]

Defense raises prospect of multiple leaks in bureaucrat’s breach of trust trial

The prospect of multiple leaks about secret cabinet deliberations in late 2015 about a $700-million shipbuilding deal was raised on Wednesday as a longtime lobbyist tested he did not know the origins of certain information about the meeting. Brian Mersereau told court that federal public servant Matthew Matchett — on trial for breach of trust — did not provide details […]

Trudeau meets with PM of Barbados on first day of Summit of the Americas

Prime Minister Justin Trudeau and US President Joe Biden are charting markedly different paths today at the Summit of the Americas. Before his leader-level meetings get underway, Biden is sitting down to tape an appearance with talk-show host Jimmy Kimmel. Trudeau, who arrived in Los Angeles late Tuesday, is getting down to work on environmental priorities with his counterpart from […]