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Economists urge fiscal restraint in Canadian budget despite oil windfall

Economists urge fiscal restraint in Canadian budget despite oil windfall

By Promit Mukherjee OTTAWA, Nov 5 (Reuters) - Economists are urging Canadian Prime Minister Mark Carney's government to restrain spending in its second budget on Thursday, saying that despite windfall oil revenue, spending commitments could lead to bigger deficits in the coming years.

Carney uses higher oil revenue to spend on tax incentives, infrastructure in second Canadian budget

Carney uses higher oil revenue to spend on tax incentives, infrastructure in second Canadian budget

By Promit Mukherjee, David Ljunggren and Maria Cheng OTTAWA, Nov 5 (Reuters) - Prime Minister Mark Carney plans to use windfall oil revenue to boost Canada's productivity and build infrastructure over the next five years while keeping his previous fiscal goals intact, his second budget showed on

Factbox-Key proposed measures in Canadian federal budget

Factbox-Key proposed measures in Canadian federal budget

By Maria Cheng OTTAWA, Nov 5 (Reuters) - The Canadian government released its proposed budget on Thursday, the second by Prime Minister Mark Carney.

Carney unveils budget to strengthen Canada's economy as Trump's trade war slows growth

Carney unveils budget to strengthen Canada's economy as Trump's trade war slows growth

Prime Minister Mark Carney’s government has unveiled a budget aimed at making Canada less dependent on the United States as President Donald Trump’s trade war reshapes the allies’ economic relationship

US tariffs squeeze Canadian cabinet makers facing doubling of Trump duty

US tariffs squeeze Canadian cabinet makers facing doubling of Trump duty

By Promit Mukherjee and Kyaw Soe Oo ST CATHERINES, Ontario, Nov 5 (Reuters) - Alain Ouzilleau spent 40 years building Cabico into one of Canada's biggest kitchen cabinet makers. Now, he is reluctantly weighing something he has never before considered: moving production to the United States.

Carney welcomes Democrats' push to end Trump's tariffs on Canada after midterm victory

Carney welcomes Democrats' push to end Trump's tariffs on Canada after midterm victory

Canadian Prime Minister Mark Carney welcomes a Democratic push to repeal U.S. President Donald Trump’s tariffs on Canada after their sweeping midterm victory

Investors eye risk of debt-ceiling standoff after Democratic sweep

Investors eye risk of debt-ceiling standoff after Democratic sweep

By Lewis Krauskopf NEW YORK, Nov 5 (Reuters) - After Democrats seized control of the US Congress, investors are focused on the risk of standoffs over the government's borrowing limit, with the potential for political brinkmanship to unsettle markets.

Basketball-Jokic embraces Mexico City spotlight in NBA international showcase

Basketball-Jokic embraces Mexico City spotlight in NBA international showcase

By Angelica Medina MEXICO CITY, Nov 6 (Reuters) - Nikola Jokic arrives in Mexico City chasing another piece of NBA history, but the Denver Nuggets star says the league's latest international showcase is about more than individual milestones.

Carney unveils budget to strengthen Canada's economy as Trump's trade war continues

Carney unveils budget to strengthen Canada's economy as Trump's trade war continues

Canadian Prime Minister Mark Carney’s government unveiled a sweeping budget Thursday aimed at making Canada less dependent on the United States as President Donald Trump’s trade war reshapes the longtime allies’ economic relationship

National Business Book Award Announces 2026 Shortlist Featuring Works on Corporate Crisis, Immigration, and Publishing

National Business Book Award Announces 2026 Shortlist Featuring Works on Corporate Crisis, Immigration, and Publishing

National Business Book Award Announces 2026 Shortlist Featuring Works on Corporate Crisis, Immigration, and Publishing

Ice hockey federation reiterates opposition to Russian reinstatement

Ice hockey federation reiterates opposition to Russian reinstatement

Nov 4 (Reuters) - The International Ice Hockey Federation said on Wednesday it maintains its disagreement with a Court of Arbitration for Sport decision to reinstate Russian teams, warning of "significant practical and sporting challenges".

Banking Executive Ted Papadatos Appointed to Lead Archdiocesan Financial Ministry in Canada

Banking Executive Ted Papadatos Appointed to Lead Archdiocesan Financial Ministry in Canada

Archbishop Apostolos of Canada has appointed Archon Theodore (Ted) Papadatos as chairman of the National Allocation and Commitment Ministry of the Greek Orthodox Archdiocese of Canada. This appointment is part of an initiative to enhance financial stewardship, institutional accountability, and the responsible distribution of resources to support the Archdiocese's pastoral, educational, and philanthropic endeavors. Papadatos brings over 26 years of experience in the banking industry, currently serving as an executive director in capital markets, with a background spanning commercial banking, private wealth management, and capital markets. Born and raised in Toronto, he holds an undergraduate degree in sociology from York University and has held various leadership roles in community and nonprofit organizations, including vice president of the Manufacturing and Industry Section and chairman of the Finance and Audit Committee of the Canadian National Exhibition Association. He also serves as a director of the ...