Category: Finance News

Feb 28

Ottawa posts $21.7 billion deficit for April-to-December period

Article content The result compared with a deficit of $23.6 billion for the same period a year earlier. According to the Finance Department’s monthly fiscal monitor, revenue for the nine-month period totalled $355.6 billion, up from nearly $318.1 billion a year earlier, boosted by gains in all categories. Program expenses excluding net actuarial losses amounted […]
Feb 28

Instagram weighs standalone reels app amid TikTok uncertainty in the US

Instagram is reportedly considering spinning off its short-form video feature, Reels, into a standalone application. The move, revealed by Instagram chief Adam Mosseri in a meeting with staff this week according to tech publication The Information, could intensify competition with TikTok, whose future in the United States remains precarious. TikTok, owned by Chinese firm ByteDance, […]
Feb 28

Trump signals readiness for swift UK-US trade deal during Prime Minister’s Washington visit

President Donald Trump has given fresh hope for a rapid trade agreement with Britain, declaring that threatened tariffs “wouldn’t be necessary” if negotiations progress as he anticipates. The remarks came at a joint press conference with Prime Minister Sir Keir Starmer, who visited the White House seeking closer economic ties, clarity over US sanctions policies […]
Feb 28

Timber in construction gets major boost as government pledges new roadmap

Ambitious plans to promote timber as a primary building material and spur economic growth were outlined at the Timber in Construction (TiC) Summit in London. Environment Minister Mary Creagh announced an updated TiC Roadmap, designed to accelerate the UK’s adoption of timber-based builds, reduce carbon emissions, and ease the nation’s housing shortage. Under this expanded […]