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Ottawa posts $26.8 billion deficit for April-to-January period

Ottawa posts $26.8 billion deficit for April-to-January period

OTTAWA — The federal government posted a budgetary deficit of $26.8 billion for the April-to-January period of its 2024-25 fiscal year. The result compared with a deficit of $25.7 billion for the same period a year earlier.
US consumers remained cautious about spending last month as inflation ticked higher

US consumers remained cautious about spending last month as inflation ticked higher

WASHINGTON (AP) — Inflation picked up last month and consumers barely raised their spending, signs that the economy was already cooling even before most tariffs were imposed.
CP NewsAlert: Mark Carney set to speak with U.S. President Donald Trump this morning

CP NewsAlert: Mark Carney set to speak with U.S. President Donald Trump this morning

OTTAWA — A White House official says Prime Minister Mark Carney is set to speak with U.S. President Donald Trump this morning. More to come. Dylan Robertson, The Canadian Press
Stock market today: Wall Street drops following discouraging updates on US shoppers and inflation

Stock market today: Wall Street drops following discouraging updates on US shoppers and inflation

NEW YORK (AP) — U.S. stocks are falling Friday following discouraging updates on inflation and how much U.S. households may be willing to spend given all the uncertainty about President Donald Trump's escalating trade war .
Selling 23andMe assets raises concerns for Canadians' data: Ontario privacy commissioner

Selling 23andMe assets raises concerns for Canadians' data: Ontario privacy commissioner

Ontario’s privacy commissioner says Canadians who use genetic testing companies should be aware that highly sensitive personal data is increasingly accessed by law enforcement agencies to solve crimes.
ChatGPT's viral Studio Ghibli-style images highlight AI copyright concerns

ChatGPT's viral Studio Ghibli-style images highlight AI copyright concerns

LOS ANGELES (AP) — Fans of Studio Ghibli, the famed Japanese animation studio behind “Spirited Away” and other beloved movies, were delighted this week when a new version of ChatGPT let them transform popular internet memes or personal photos into th
Canada's economy got hot in January, but StatCan points to February chill

Canada's economy got hot in January, but StatCan points to February chill

OTTAWA — Statistics Canada says the Canadian economy was off to a solid start in January but early signs suggest growth hit a wall in February. The agency said Friday that real gross domestic product rose 0.
Wintry conditions hitting much of Canada, commuter chaos and power outages possible

Wintry conditions hitting much of Canada, commuter chaos and power outages possible

A blast of wintry weather across a swath of Canada is expected to disrupt commutes and bring possible power outages as a long line of warnings stretch from Edmonton to the shores of Lake Ontario.
Prime Minister Mark Carney hosting a meeting with Canada's premiers today

Prime Minister Mark Carney hosting a meeting with Canada's premiers today

OTTAWA — For the second day in a row, Liberal Leader Mark Carney has been pulled away from campaigning to discuss U.S. President Donald Trump's tariffs.
Smith heads to Florida for controversial U.S. fundraising event at secret location

Smith heads to Florida for controversial U.S. fundraising event at secret location

EDMONTON — Premier Danielle Smith arrived somewhere in south Florida on Thursday to represent Alberta in a controversial fundraiser for a right-wing U.S. organization – but neither side would disclose the location.