Michael MacDonald

2 days ago | castanet.net | Craig Lord |Michael MacDonald |Kyle Duggan |Anja Karadeglija

Some economists are putting an increasingly optimistic slant on Canada's tariff dispute with the United States, arguing the economy should be able to avoid "worst-case" scenarios from the trade war. That doesn't mean the Canadian economy gets off scot-free — a new forecast published by Deloitte Canada on Wednesday calls for a modest recession to hit in the second and third quarters of the year as uncertainty and weakness caused by tariffs start to bite.

1 week ago | castanet.net | Sarah Ritchie |Anja Karadeglija |Sammy Hudes |Michael MacDonald

Prime Minister Mark Carney says Canada is taking steps to protect the steel and aluminum industries with new counter-tariffs and protectionist policies. The prime minister says Ottawa is introducing rules on June 30 that will limit federal procurement to using steel and aluminum from Canada and "reliable trading partners."New tariffs will be imposed in the coming weeks to protect the industry from unfair trading practices and overcapacity, Carney says.

1 week ago | castanet.net | Sammy Hudes |Michael MacDonald |Dylan Robertson |Michael Tutton

Canada Mortgage and Housing Corp. says up to 4.8 million new homes will need to be built over the next decade to restore affordability levels last seen in 2019 based on projected demand. The national housing agency released its latest supply gaps estimate report on Thursday, which said between 430,000 and 480,000 new housing units are needed per year across the ownership and rental markets by 2035. That would represent around double the current pace of home construction in Canada.

1 week ago | thecanadianpressnews.ca | Michael MacDonald

HALIFAX - It could cost between $5 billion and $10 billion to build a transmission line that would connect Nova Scotia's proposed offshore wind farms with the rest of the

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.