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5 Things to Know Today: The Money News Shaping Your Week

5 Things to Know Today: The Money News Shaping Your Week 1. Canada’s Economy Grew Faster Than Expected Canada’s economy expanded at an annualized 2.6% in Q4, driven by stronger household spending, exports, and business investment. 2. Manitoba Fast‑Tracks Major Infrastructure Projects A new federal‑provincial agreement introduces a “one project, one review” system to accelerate ports, highways, and energy corridors. 3. Job Market Shows a Small but Positive Uptick Canada added 14,000 jobs in March, with wages rising 4.7% — a key factor ahead of the Bank of Canada’s April 29 rate decision. 4. Oil Markets Remain Volatile After Hormuz Reopening Iran has reopened the Strait of Hormuz, but analysts warn global oil markets may take time to stabilize. 5. Canadians Face Rising Affordability Pressures More Canadians are turning to budgeting tools as inflation, energy costs, and housing pressures persist.
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Carney's Bold Moves: Trade War Relief and Megaproject Acceleration

Canadian Prime Minister Mark Carney has unveiled a comprehensive plan to mitigate the economic impact of the ongoing trade war with the United States. In a decisive move, Carney announced measures aimed at supporting workers and businesses, including temporarily waiving the one-week waiting period for employment insurance and allowing businesses to defer corporate income tax payments and GST/HST remittances.

Carney also pledged to expedite major infrastructure projects through a streamlined "one-window approval process," aiming to cut red tape and accelerate development. Notable projects include the Cedar LNG and LNG Canada facilities in British Columbia and the Port of Churchill in Manitoba. These initiatives are expected to bolster Canada's economy and create significant opportunities for growth.

The Prime Minister emphasized the importance of removing barriers to the free movement of goods, services, and workers across provinces and territories, projecting an economic boost of $250 billion. With these measures, Carney aims to strengthen Canada's resilience and pave the way for long-term economic stability.


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