Craig Lord

1 week ago | castanet.net | Craig Lord

The parliamentary budget officer said Thursday he expects the federal government's deficit will balloon this year thanks to ramped-up defence spending — but without a spring budget or more clarity from Ottawa, he can't say for sure. Yves Giroux, the government's fiscal watchdog, issued a new economic and fiscal update Thursday that omits the usual deficit projections for future years.

1 week ago | castanet.net | Craig Lord |Ritika Dubey |Sammy Hudes |Elaine Kurtenbach

New meeting records show the Bank of Canada's top decisionmakers were weighing an interest rate cut earlier this month but didn't feel like they knew enough about how the tariff dispute with the United States would unfold to pull the trigger. The central bank on Tuesday released the summary of deliberations behind its decision to hold its policy rate steady at 2.75 per cent roughly two weeks ago.

2 weeks ago | castanet.net | Lisa Johnson |Maura Forrest |Craig Lord

Alberta Premier Danielle Smith's office says she and Prime Minister Mark Carney won't be watching the Edmonton Oilers battle the Florida Panthers on home ice Saturday. Smith extended an invitation last week for Carney to join her for Game 5 of the Stanley Cup Final. The premier's press secretary, Sam Blackett, says the upcoming G7 leaders' summit in Kananaskis, Alta., and their demanding schedules make seeing the game together impossible. The premier has no plans to attend Stanley Cup Final games.

2 weeks ago | castanet.net | Dylan Robertson |Craig Lord |David Baxter |Michael MacDonald

Luxembourg is officially opening an embassy in Ottawa as the small European nation moves to expand its economy beyond financial services. The country of 680,000, commonly referred to as a tax haven, is one of Europe's most sparsely populated nations. Luxembourg is a major financial hub and Statistics Canada ranks it as the eighth largest source of foreign direct investment in Canada, which does not include other countries' indirect funding through Luxembourg.

2 weeks ago | castanet.net | Sammy Hudes |Anja Karadeglija |Craig Lord |Paul Wiseman

The Canadian Press - | Story: 555589Dollarama Inc. reported a first-quarter profit of $273.8 million, up from $215.8 million a year earlier, as its sales rose 8.2 per cent. The retailer says its profit amounted to 98 cents per diluted share for the 13-week period ended May 4, up from 77 cents per diluted share a year earlier. Excluding an unrealized gain from a derivative on equity-accounted investment, Dollarama says it would have earned 95 cents per diluted share in its most recent quarter.