Bank of Canada governor Tiff Macklem says he doesn't think the federal budget tabled last month will have much of an effect on inflation.
Macklem was testifying at a Senate committee alongside senior deputy governor Carolyn Rogers following the central bank's latest interest rate announcement.
The governor says the spending plan hasn't changed the federal government's fiscal track by much.
Macklem says that's why he doesn't expect it to have a significant impact on economic growth or inflation.
Finance Minister Chrystia Freeland's budget offsets new spending with higher taxes and stronger-than-expected government revenues, which has kept the deficit in check.
The Bank of Canada has been encouraged by progress made on getting inflation down and has signalled that it's inching closer to cutting interest rates.
This report by The Canadian Press was first published May 1, 2024
Slovakia's populist prime minister, Robert Fico, was shot multiple times and gravely wounded Wednesday after a political event in an attempted assassination that shocked the small country and reverberated across Europe.
Canada's transportation department had a UFO 'lead' who tried to 'quell' media interest and planned to meet with U.S. intelligence officials.
A warning from a Saskatoon driver about using your fast-food app while in the drive-thru line — a trip to get some free lunch cost him a lot more than he bargained for.
A prisoner nicknamed “The Fly” has become notorious in France overnight after a daring and bloody escape from a prison convoy in Normandy that left two guards dead.
Aiden Pleterski, the self-proclaimed 'crypto king' from Whitby, Ont., has been arrested in Durham Region after allegedly running a Ponzi scheme worth more than $40 million.
A barge slammed into a bridge pillar in Galveston, Texas, on Wednesday, spilling oil into surrounding waters and closing the only road to a smaller and separate island that is home to a university, officials said. There were no immediate reports of injuries.
Halifax Regional Police believe a non-resident could be responsible for the infamous drugging of numerous crew members of the 'Titanic' movie with a hallucinogenic in 1996.
Thousands of people in Western Canada remain displaced from their homes as wildfires threaten their communities, triggering evacuation orders and alerts.
Regaining your focus requires you to be mindful of how you are using technology -- a daunting task if you consider the average American spends at least 10 hours a day on screens.
A new study shows an Atlantic salmon population in southern Newfoundland is disappearing, and it says nearby aquaculture operations are a likely contributor to the decline.
Nearly six dozen dogs were seized from a home Wednesday morning by the Winnipeg Humane Society. It is the largest known seizure of animals in the city’s history.
A wildfire burning near Fort McMurray is expected to move away from the community on Wednesday.
A Quebec judge has rejected McGill University's request for an injunction to remove the pro-Palestinian encampment on the university's campus in downtown Montreal.
Aiden Pleterski, the self-proclaimed 'crypto king' from Whitby, Ont., has been arrested in Durham Region after allegedly running a Ponzi scheme worth more than $40 million.
Canada's transportation department had a UFO 'lead' who tried to 'quell' media interest and planned to meet with U.S. intelligence officials.
A man with a long record of dangerous driving told investigators he smoked marijuana oil and took prescription drugs hours before he sideswiped a bus, killing eight Mexican farmworkers and injuring dozens more, according to an arrest report unsealed Wednesday.
A second teen pleaded guilty on Wednesday in the death of a 20-year-old driver who was hit in the head by a rock that crashed through her windshield in suburban Denver last year.
U.S. officials raised concerns about China's 'misuse of AI' while Beijing's representatives rebuked Washington over 'restrictions and pressure' on artificial intelligence, the governments said separately Wednesday, a day after a meeting in Geneva on the technology.
Slovakia's populist prime minister, Robert Fico, was shot multiple times and gravely wounded Wednesday after a political event in an attempted assassination that shocked the small country and reverberated across Europe.
An Interior Department staffer on Wednesday became the first Jewish political appointee to publicly resign in protest of U.S. support for Israel's war in Gaza.
Slovak Prime Minister Robert Fico was shot and wounded on Wednesday, becoming the latest European leader to be the target of an assassination attempt.
The federal government says it has reached a deal with Canadian National Railway Company to acquire the historic Quebec Bridge.
Federal Opposition Leader Pierre Poilievre says the Conservatives will put forward legislation that would forbid Ottawa from "ever" granting provinces exemptions to allow illicit drug use in hospitals.
Canada's spy agency says in its annual public report that it dealt with 24 harassment investigations last year involving complaints by its staff.
Wildfires continue to impact air quality across Western Canada with health experts and Environment Canada warning that the smoke from the blazes poses serious risks to human health.
Eating a vegan, vegetarian or lacto-ovo vegetarian diet reduces risks of developing cancer, heart disease and dying early from cardiovascular disease, according to new analysis.
A new COVID-19 subvariant is dominant in Canada, representing just over 30 per cent of cases in the country, but infectious disease experts say there’s no sign it’ll evolve into a summer 'scarient.'
U.S. officials raised concerns about China's 'misuse of AI' while Beijing's representatives rebuked Washington over 'restrictions and pressure' on artificial intelligence, the governments said separately Wednesday, a day after a meeting in Geneva on the technology.
The British Columbia government and social media giants have made what they call a "historic collaboration" for youth safety online.
Canada's transportation department had a UFO 'lead' who tried to 'quell' media interest and planned to meet with U.S. intelligence officials.
The popular annual runway show from Victoria's Secret, featuring supermodels with jewel-encrusted bras and angel wings, will be back this fall season after a gap of nearly six years.
Justina Elias says she didn't know about the connection legendary Canadian writer Alice Munro had to the Victoria, B.C., bookstore that bears her name, but she quickly found out.
Halifax Regional Police believe a non-resident could be responsible for the infamous drugging of numerous crew members of the 'Titanic' movie with a hallucinogenic in 1996.
Ontario will revamp how it compensates injured migrant workers.
The U.S. Justice Department said late on Tuesday that Boeing Co had breached its obligations in a 2021 agreement that shielded the planemaker from criminal prosecution over fatal 737 MAX crashes in 2018 and 2019 that killed 346 people.
One of the world's largest oil companies is preparing to drill an exploratory deepwater oil well about 500 kilometres off the eastern coast of Newfoundland.
Regaining your focus requires you to be mindful of how you are using technology -- a daunting task if you consider the average American spends at least 10 hours a day on screens.
Eating a vegan, vegetarian or lacto-ovo vegetarian diet reduces risks of developing cancer, heart disease and dying early from cardiovascular disease, according to new analysis.
Airplane overhead compartments. Home to luggage of all shapes and sizes, the odd coat or two, several duty-free bags, a fair bit of dust and… passengers?
A former warehouse assistant for the Augusta National Golf Club in Georgia pleaded guilty on Wednesday to transporting millions of dollars worth of stolen Masters tournament memorabilia and historic items, including one of Arnold Palmer's iconic green jackets.
More than 20 years after winning an unlikely gold medal in short track speedskating at the Salt Lake City Olympics, Steven Bradbury is back in the news for another good reason.
After a final frame that saw the visiting Vancouver Canucks claw their way back and tie the game late, a point shot by Oilers defenceman Evan Bouchard with 38 seconds left (until what seemed like certain overtime) iced the 3-2 victory for Edmonton to knot the series.
The Ontario government is expected to introduce legislation on Wednesday that, if passed, will see impaired drivers face stiffer penalties.
A warning from a Saskatoon driver about using your fast-food app while in the drive-thru line — a trip to get some free lunch cost him a lot more than he bargained for.
A Japanese company has announced it will build an approximately $1.6-billion plant in Ontario's Niagara Region that will make a key electric vehicle battery component as part of Honda's supply chain in the province.
When Adam Kirschner wrote 'Slap Shot,' he never imagined the song would be embraced by his favourite team.
A team is ready to help an entangled North Atlantic right whale in the Gulf of St. Lawrence.
A $200 reward is being offered by a North Vancouver family for the safe return of their beloved chicken, Snowflake.
Two daughters and a mother were reunited online 40 years later thanks to a DNA kit and a Zoom connection despite living on three separate continents and speaking different languages.
Mother's Day can be a difficult occasion for those who have lost or are estranged from their mom.
YES Theatre Young Company opened its acclaimed kids’ show, One Small Step, at Sudbury Theatre Centre on Saturday.
An Ottawa pizzeria is being recognized as one of the top 20 deep-dish pizzas in the world.
A family of fifth generation farmers from Ituna, Sask. are trying to find answers after discovering several strange objects lying on their land.
A Listowel, Ont. man, drafted by the Hamilton Tigercats last week, is also getting looks from the NFL, despite only playing 27 games of football in his life.
An "unrepentant" YouTuber has been ordered to pay $350,000 in damages as compensation for a "relentless" campaign of defamation waged online against a business owner and his company, the B.C. Supreme Court has ruled.
The British Columbia government and social media giants have made what they call a "historic collaboration" for youth safety online.
Vancouver police say three men have been charged after a months-long investigation led them to a drug lab inside a Richmond home.
Aiden Pleterski, the self-proclaimed 'crypto king' from Whitby, Ont., has been arrested in Durham Region after allegedly running a Ponzi scheme worth more than $40 million.
Three suspects are facing charges in connection with jewelry store robberies at two Mississauga malls last week, including one that was captured on video, Peel Regional Police say.
The city is seeing an increase in the number of service calls for sick and injured animals, mostly raccoons, and one reason behind it could be a virus which appears to make them act like a zombie.
Around two months after being closed for health violations, an inner city daycare in Calgary has now had its licence capacity reduced after several recent inspections revealed two dozen non-compliance concerns.
Alberta Premier Danielle Smith says she remains "concerned" after Calgary councillors passed blanket rezoning on Tuesday.
Calgary police are working to identify two men who are believed to have information about a vehicle recovered from the community of Mayland Heights last year.
Larry Bradley, a well-known community leader and Ottawa businessman, has died at the age of 74.
A 3.2 magnitude earthquake was felt east of Ottawa on Wednesday morning.
Ottawa city councillors voted to rename the Greenboro Community Centre in honour of former councillor Diane Deans on Wednesday.
A Quebec judge has rejected McGill University's request for an injunction to remove the pro-Palestinian encampment on the university's campus in downtown Montreal.
A 35-year-old man has been arrested in connection with a decade-old murder case.
Aéroports de Montréal (ADM), which operates Montréal-Trudeau International Airport, is suing its Saint-Hubert competitor, claiming that its rebranding will confuse travellers.
A wildfire burning near Fort McMurray is expected to move away from the community on Wednesday.
Head coach Kris Knoblauch had put Leon Draisaitl, the National Hockey League playoffs' leading scorer with 20 points, on a line with wingers Evander Kane and Dylan Holloway for Game 4.
A five-year-old girl was killed in what is believed to have been a head-on crash north of Edmonton Tuesday evening.
A 25-year-old man is facing multiple dangerous driving charges in connection to a vehicle crash that killed two adults and an infant on a Nova Scotia highway last October.
A new proposal to ban Islanders of a certain age from ever buying tobacco products could put Prince Edward Island at the forefront of the battle against smoking.
Two prominent Catholic churches in Halifax are permanently closing their doors.
Nearly six dozen dogs were seized from a home Wednesday morning by the Winnipeg Humane Society. It is the largest known seizure of animals in the city’s history.
Power has been restored to roughly 1,400 customers in downtown Winnipeg after Manitoba Hydro crews responded to a fire.
Neighbours of admitted serial killer Jeremy Skibicki testified about the man’s late night outings when he was “just getting rid of garbage” – later determined to be the remains of one of his four victims.
Negotiations between the provincial government and Saskatchewan Teachers’ Federation (STF) will be restarting on Wednesday, according to the province’s education minister.
A 28-year-old man found cycling and blaring loud music in the middle of the night on a Regina street is facing multiple firearms related charges after being apprehended by police.
Rebecca Strong is Saskatchewan's newest millionaire after winning the grand prize on Canada's Got Talent.
Marc Miller dropped by the CTV Kitchener studio to comment on international student enrollment in post secondary schools.
Aiden Pleterski, the self-proclaimed 'crypto king' from Whitby, Ont., has been arrested in Durham Region after allegedly running a Ponzi scheme worth more than $40 million.
The Ontario Provincial Police (OPP) Professional Standards Bureau has charged a Six Nations Police officer with assault causing bodily harm.
A warning from a Saskatoon driver about using your fast-food app while in the drive-thru line — a trip to get some free lunch cost him a lot more than he bargained for.
Negotiations between the provincial government and Saskatchewan Teachers’ Federation (STF) will be restarting on Wednesday, according to the province’s education minister.
Rebecca Strong is Saskatchewan's newest millionaire after winning the grand prize on Canada's Got Talent.
A warning from a Saskatoon driver about using your fast-food app while in the drive-thru line — a trip to get some free lunch cost him a lot more than he bargained for.
The monthly police services board in Greater Sudbury gives the public insight into the day-to-day operations of police, including some of the cases they deal with far from the spotlight.
The search for a missing northeastern Ontario man has come to a tragic end after his remains were identified.
London fire crews dealt with an intense afternoon fire, but say all occupants made it out safe.
More than three months after her death, OPP in Elgin County are confirming the death of Tanya Wiebe was the result of a murder-suicide.
A new study based out of London, Ont. is shedding light on the impact - and cost - of caring for homeless hospital patients.
Loved ones of Tyler McCue, who died just before Christmas in 2022 while in custody at the Central North Correctional Centre, are speaking out, alleging he didn't receive the medical attention he needed.
The Southshore Community Centre in Barrie will be given a new name to honour a retired Brigadier General who served over half a century in the Canadian Armed Forces.
Emergency crews were called to remove a pickup truck from a ditch along Highway 11 after a collision on Wednesday in Muskoka.
Transit Windsor says a sinkhole is causing detours in Sandwich Town.
The Windsor police auto theft unit is asking the public to avoid keeping the original copies of ownership and insurance documents in their vehicles.
Windsor police have issued an arrest warrant for a suspect wanted after a home break-in was caught on a security camera.
The British Columbia government and social media giants have made what they call a "historic collaboration" for youth safety online.
BC Ferries will add 350 more sailings to its schedule this summer and remove its fuel surcharge as the ferry operator looks to avoid a repeat of last summer's travel frustrations caused by mechanical problems and staff shortages.
B.C.'s ongoing mandate that health-care workers be vaccinated against COVID-19 survived a legal challenge this week, though the judge in the case remitted part of the provincial health officer's order back to her for reconsideration.
One person is dead after a fight in Penticton early Sunday morning, according to authorities.
A suspect is at large after robbing a convenience store at gunpoint in Merritt, B.C., Friday, according to local police.
After four targeted shootings in four days, Mounties in Kamloops are taking the unusual step of warning the public about two men they believe are likely to be targeted in future violent incidents.
While they may not be noticeable to residents, the City of Lethbridge is making a few changes to its encampment strategy to help connect the city’s vulnerable population with services and support.
A job fair saw hundreds of prospective hiring candidates meet with employers in Lethbridge on Tuesday.
Two people were killed and another was seriously injured in a crash in southern Alberta on Sunday.
A major police operation in Wiikwemkoong on Tuesday was sparked by a report of an armed person in the community.
A 24-year-old woman has been charged with assault with a weapon following a confrontation between two strangers Tuesday in Sault Ste. Marie.
Every year, people across the province make remarkable contributions to their community by volunteering their time and recently two young adults from northern Ontario were awarded for their efforts.
A new study shows an Atlantic salmon population in southern Newfoundland is disappearing, and it says nearby aquaculture operations are a likely contributor to the decline.
Police in Newfoundland say patrol officers were assaulted Thursday by a "very irate male" wielding a block of cheese.
Health officials say there is an outbreak of whooping cough in eastern Newfoundland.
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