Latest news with #SeanKilpatrick
CTV News
4 days ago
- Climate
- CTV News
Rain, risk of thunderstorms in the forecast for Ottawa this Saturday
People make their way through the rain in downtown Ottawa. (Sean Kilpatrick/THE CANADIAN PRESS) Showers, risk of thunderstorms and mainly cloudy skies are in the forecast for Ottawa this Saturday. Environment Canada calls for a high of 26 C, which feels like 35 with humidex, a 60 per cent chance of showers and risk of a thunderstorm early this afternoon. A low of 16 C and a 40 per cent chance of showers are in the forecast for tonight. Sunday will have a high of 28 C. It will also be mainly cloudy, clearing late in the afternoon. A low of 18 C and clear skies are expected overnight. On Monday, the capital will see a mix of sun and cloud and a high of 32 C. A low of 20 C, cloudy skies and a 40 per cent chance of showers are expected overnight. Canada Day will be rainy, with a 60 per cent chance of showers and a high of 28 C. A low of 17 C and a 30 per cent chance of showers are forecasted for the night. The average temperatures for this time of year are a high of 26 C and a low of 15 C.
Toronto Sun
5 days ago
- Politics
- Toronto Sun
LIBERAL GOVERNMENT FAILURE: Taking guns from law-abiding citizens an emotional decision
A rifle owner checks the sight of his rifle at a hunting camp property in rural Ontario west of Ottawa on Wednesday Sept. 15, 2010. The House of Commons is set to vote on the long-gun registry next week. THE CANADIAN PRESS/Sean Kilpatrick WATCH: Sun political columnist Lorne Gunter doesn't trust any government that doesn't trust law-abiding Canadians to own guns if they want to. What do YOU think? Tell us your thoughts in the comment section below or send us a Letter to the Editor for possible publication to . Letters must be 250 words or less and signed. And don't forget to subscribe to our YouTube Channel. This advertisement has not loaded yet, but your article continues below. THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY Subscribe now to read the latest news in your city and across Canada. Unlimited online access to articles from across Canada with one account. Get exclusive access to the Toronto Sun ePaper, an electronic replica of the print edition that you can share, download and comment on. Enjoy insights and behind-the-scenes analysis from our award-winning journalists. Support local journalists and the next generation of journalists. Daily puzzles including the New York Times Crossword. SUBSCRIBE TO UNLOCK MORE ARTICLES Subscribe now to read the latest news in your city and across Canada. Unlimited online access to articles from across Canada with one account. Get exclusive access to the Toronto Sun ePaper, an electronic replica of the print edition that you can share, download and comment on. Enjoy insights and behind-the-scenes analysis from our award-winning journalists. Support local journalists and the next generation of journalists. Daily puzzles including the New York Times Crossword. REGISTER / SIGN IN TO UNLOCK MORE ARTICLES Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account. Share your thoughts and join the conversation in the comments. Enjoy additional articles per month. Get email updates from your favourite authors. THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK. Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account Share your thoughts and join the conversation in the comments Enjoy additional articles per month Get email updates from your favourite authors Don't have an account? Create Account Music Crime Canada Toronto Maple Leafs Toronto Raptors
Toronto Sun
6 days ago
- Business
- Toronto Sun
Parliamentary budget officer urges Carney to show numbers as spending rises
Published Jun 26, 2025 • Last updated 7 minutes ago • 4 minute read Prime Minister Mark Carney attends the NATO Summit in The Hague, Netherlands, on June 25, 2025. Photo by Sean Kilpatrick / THE CANADIAN PRESS Canada's budget watchdog urged Prime Minister Mark Carney to release an update on the federal government's finances soon or risk eroding the government's credibility with investors. This advertisement has not loaded yet, but your article continues below. THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY Subscribe now to read the latest news in your city and across Canada. Unlimited online access to articles from across Canada with one account. Get exclusive access to the Toronto Sun ePaper, an electronic replica of the print edition that you can share, download and comment on. Enjoy insights and behind-the-scenes analysis from our award-winning journalists. Support local journalists and the next generation of journalists. Daily puzzles including the New York Times Crossword. SUBSCRIBE TO UNLOCK MORE ARTICLES Subscribe now to read the latest news in your city and across Canada. Unlimited online access to articles from across Canada with one account. Get exclusive access to the Toronto Sun ePaper, an electronic replica of the print edition that you can share, download and comment on. Enjoy insights and behind-the-scenes analysis from our award-winning journalists. Support local journalists and the next generation of journalists. Daily puzzles including the New York Times Crossword. REGISTER / SIGN IN TO UNLOCK MORE ARTICLES Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account. Share your thoughts and join the conversation in the comments. Enjoy additional articles per month. Get email updates from your favourite authors. THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK. Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account Share your thoughts and join the conversation in the comments Enjoy additional articles per month Get email updates from your favourite authors Don't have an account? Create Account Carney is promising to spend billions on infrastructure, military equipment, housing and transportation — part of his ambitious agenda to boost the potential of the Canadian economy. Those plans, combined with slow economic growth, are causing economists to forecast a larger federal deficit this fiscal year. But the prime minister has put off the federal budget until October, citing the trade war and the shortened spring sitting of Parliament because of an election. Normally, budget documents are brought to the legislature in March or April. Yves Giroux, Canada's parliamentary budget officer, said it's 'appropriate and necessary' for the government to give 'at the very least an economic and fiscal update, to indicate what the path forward is.' Your noon-hour look at what's happening in Toronto and beyond. By signing up you consent to receive the above newsletter from Postmedia Network Inc. Please try again This advertisement has not loaded yet, but your article continues below. 'There's a lot of question marks on the government's fiscal plan,' he said. 'A budget would've been very helpful in clearing up the uncertainty and providing more detail.' Some of the government's spending plans will show up immediately: it's promised to add about $9 billion to defence expenditures this fiscal year, a move that has drawn praise from Canada's allies in the North Atlantic Treaty Organization. Canadian Imperial Bank of Commerce has estimated the deficit may rise as high as 3% of gross domestic product for the fiscal year that ends in March, which would be in the $90 billion range. That would be more than double what the government projected in December. Bank of Montreal says the shortfall could easily top $70 billion. This advertisement has not loaded yet, but your article continues below. Carney's government is betting that planned investments will increase the longer-term growth rate of the economy, which would eventually result in stronger and more consistent streams of tax revenue. 'Canada continues to have the lowest net debt-to-GDP ratio in the G7 and is well-positioned to navigate global uncertainty,' said Audrey Milette, a spokeswoman for Finance Minister Francois-Philippe Champagne. 'We're not only strengthening our defence capacity and working towards our commitments, but we're also supporting good jobs and long-term economic growth.' 'Progress Costs Money' Most economists say there there's still room on the federal balance sheet for spending that boosts productivity and shores up the country's depleted armed forces. But investors will be watching carefully, and the government shouldn't necessarily expect a 'warm welcome' from the bond market as it ramps up borrowing, according to CIBC. This advertisement has not loaded yet, but your article continues below. 'Overall, the significant amount of fiscal space available to Canada should be used, but progress costs money,' Ian Pollick, CIBC's global head of fixed income, commodities and currency strategy, said in an interview. Since the end of March, the yield on benchmark 10-year Canadian government debt has risen 38 basis points and the spread versus Treasuries has narrowed. In other words, Canada's advantage in borrowing costs relative to the U.S. has shrunk. Giroux said he expects the federal government to run a deficit of between $60 billion and $70 billion this fiscal year. The government is conducting a review of federal spending, but Carney has said he would leave social programs intact. The prime minister is looking to artificial intelligence and technological innovation to help reduce the cost of public services. This advertisement has not loaded yet, but your article continues below. Giroux doubts that approach will yield results quickly or easily. 'Even in the medium term, it's probably optimistic to think that there'll be significant savings, unless of course the government decides to let go of certain programs, grants and contributions,' he said. CIBC's Pollick estimates the term premium on 10-year Canada bonds is 30 basis points higher since Carney's Liberal Party won the election on April 28. He attributes at least of a third of that to the government's plans to borrow more. 'The fiscal stance from Carney was pretty clear,' Taylor Schleich, a rates strategist at National Bank of Canada, said by email. 'They're not so worried about running a big deficit this year.' Deficits have often been an important part of political discourse in Canada. In the mid-1990s, the federal government made major cuts to programs and eventually achieved years of budget surpluses. But since the global financial crisis of 2008, it has rarely come close to a balanced budget. This advertisement has not loaded yet, but your article continues below. The budget delay 'is defensible from the perspective that the outcome of trade negotiations will have a huge impact on revenues and expenses,' Benjamin Reitzes, rates and macro strategist with Bank of Montreal, said by email, 'But there's a risk future governments may use this as a precedent to do the same.' Canada is ranked AAA from S&P Global Ratings and Moody's Ratings, but Fitch, which rates the country AA+, has warned that structural deficits may add pressure to the country's credit profile. — With assistance from Thomas Seal. Read More Toronto Raptors CFL Canada Celebrity Sunshine Girls
CTV News
6 days ago
- Business
- CTV News
Canadian average wages outpacing inflation, Statistics Canada reports
FILE: A steel worker welds a new staircase at a construction site in Ottawa. THE CANADIAN PRESS/Sean Kilpatrick Average wages for working Canadians outpaced inflation on a year-over-year basis in April, according to data from Statistics Canada. April's earnings sheet, which was released on Thursday morning, reports Canadians earned $1,297 per week on average . That's a 4.4 per cent increase year-over-year, while inflation increased just 1.7 per cent in the same period. Average wages also rose 0.8 per cent compared to the month prior. Real estate, information, finance see largest gains Certain Canadian industries have fared better than others in terms of wages. Among the sectors that saw the largest gains were information and cultural industries, where average weekly wages grew just over 10 per cent. Canadians in that sector earned $1,875 per week, on average. Real estate also got a bump over the last year. Average weekly earnings grew 9.7 per cent for an average of $1,361 per week, or about $120 more than the same time last year. Employees in mining, quarrying, and oil and gas extraction made $2,492 per week on average – the highest yield of any recorded sector – and saw those wages rise about five per cent from the year before. Job vacancies drop Year-over-year declines were recorded in health care and social assistance (-23.9 per cent), accommodation and food services (-21.7 per cent), and construction (-13.8 per cent). That contraction was felt most in B.C., where vacancies fell 8.5 per cent, Alberta (-9.4 per cent), New Brunswick (-16.8 per cent), and Newfoundland and Labrador (-26.3 per cent). Vacancies were little changed in the remaining six provinces.
Toronto Sun
25-06-2025
- Automotive
- Toronto Sun
LET THE CONSUMER CHOOSE: Put the electric vehicle mandate in park
Prime Minister Mark Carney holds a closing press conference following the NATO Summit in The Hague, Netherlands on Wednesday, June 25, 2025. THE CANADIAN PRESS/Sean Kilpatrick WATCH: Sun columnist Jay Goldberg speaks out against the EV mandate. Prime Minister Mark Carney and his Liberals need to realize that people should be free to buy the kind of the they want. What do YOU think? Tell us your thoughts in the comment section below or send us a Letter to the Editor for possible publication to . Letters must be 250 words or less and signed. And don't forget to subscribe to our YouTube Channel. This advertisement has not loaded yet, but your article continues below. THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY Subscribe now to read the latest news in your city and across Canada. Unlimited online access to articles from across Canada with one account. Get exclusive access to the Toronto Sun ePaper, an electronic replica of the print edition that you can share, download and comment on. Enjoy insights and behind-the-scenes analysis from our award-winning journalists. Support local journalists and the next generation of journalists. Daily puzzles including the New York Times Crossword. SUBSCRIBE TO UNLOCK MORE ARTICLES Subscribe now to read the latest news in your city and across Canada. Unlimited online access to articles from across Canada with one account. Get exclusive access to the Toronto Sun ePaper, an electronic replica of the print edition that you can share, download and comment on. Enjoy insights and behind-the-scenes analysis from our award-winning journalists. Support local journalists and the next generation of journalists. Daily puzzles including the New York Times Crossword. REGISTER / SIGN IN TO UNLOCK MORE ARTICLES Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account. Share your thoughts and join the conversation in the comments. Enjoy additional articles per month. Get email updates from your favourite authors. THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK. Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account Share your thoughts and join the conversation in the comments Enjoy additional articles per month Get email updates from your favourite authors Don't have an account? Create Account Toronto & GTA NHL Ontario Toronto Maple Leafs Other Sports
