Laura Dhillon Kane @ldhillonkane
Ottawa bureau chief for Bloomberg News (@business) covering the Canadian government and economy. Views my own; RTs not endorsements. [email protected]. Ottawa Joined August 2010-
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IBM will expand its Canadian semiconductor packaging and testing plant with more than C$1 billion ($730 million) in investments over the next five years bloomberg.com/news/articles/… via @technology @Mathieu_Dion
Canada’s job market may be weaker than you thought: payroll data shows the country added 17,000 jobs over the six months to February, a far cry from the 183,800 reported in the closely watched labor force survey bloomberg.com/news/articles/… via @economics @jzm_econ
LATEST: Honda Motor will spend C$15 billion to build out its electric-vehicle supply chain in Canada, with as much as C$5 billion in financial aid from the federal and provincial governments bloomberg.com/news/articles/… via @markets @btaplatt @Supriya_Japan
Honda will spend C$15 billion to build electric vehicles north of Toronto, with Canada and the province of Ontario both promising significant financial aid, @btaplatt reports bloomberg.com/news/articles/…
Doug Ford just confirmed this story, speaking at a conference this morning in Toronto: "This week, we landed a new deal. It'll be the largest deal in Canadian history. It'll be double the size of Volkswagen. So stay tuned, I'll be announcing it this week."
Doug Ford just confirmed this story, speaking at a conference this morning in Toronto: "This week, we landed a new deal. It'll be the largest deal in Canadian history. It'll be double the size of Volkswagen. So stay tuned, I'll be announcing it this week."
Bloomberg scoop: Canada is expected to announce a major new EV deal with Honda this week, including both battery and vehicle manufacturing bloomberg.com/news/articles/…
SCOOP: Canada is on the verge of an agreement with Honda that would see the carmaker build electric vehicles and their components in Ontario bloomberg.com/news/articles/… via @technology @btaplatt
Bank of Canada Governor Tiff Macklem said Prime Minister Justin Trudeau’s recent budget did not significantly change the government's fiscal track. "There’s more money going out, there’s more money coming in" bloomberg.com/news/articles/… via @economics @ErikHertzberg @rtkwrites
The Bank of Canada is getting closer to cutting interest rates, but there are limits to how far and how fast it can move without getting a clearer sign from the Federal Reserve bloomberg.com/news/articles/… via @economics @ErikHertzberg @jzm_econ @rtkwrites
Bill Morneau, Trudeau’s finance minister from 2015-2020, slammed the capital gains tax raise today. “This was very clearly something that while I was there, we resisted. We resisted it for a very specific reason: concerned about the growth of the country.” bloomberg.com/news/articles/…
Prime Minister Justin Trudeau’s former finance minister Bill Morneau said he rejected the idea of hiking the capital gains tax while in office due to concerns it would stunt Canada’s economic growth bloomberg.com/news/articles/… via @bpolitics @btaplatt
Canada will start applying a proposed tax on the world’s biggest technology companies this year, despite threats from American lawmakers to carry out trade reprisals against a levy that will primarily hit US firms bloomberg.com/news/articles/… via @technology @btaplatt
Canada Inflation Ticks Up to 2.9% on Higher Gas Prices bloomberg.com/news/articles/…
Prime Minister Justin Trudeau’s government is set to unveil an ambitious budget aimed at fixing housing affordability and helping young Canadians — but the big question is whether it will raise taxes to pay for it. bloomberg.com/news/articles/… via @bpolitics @ErikHertzberg @jzm_econ
Prime Minister Justin Trudeau’s government will provide low-cost leases of public land to developers and push factory construction of homes as part of a strategy to build about 3.9 million new homes by 2031 bloomberg.com/news/articles/… via @business @btaplatt @Mathieu_Dion @jzm_econ
Prime Minister Justin Trudeau swept to power in 2015 with the help of younger Canadians. That same group of voters may eventually be his undoing bloomberg.com/news/articles/… via @bpolitics
There was a fair amount of speculation the government was considering this, though restricting it to only newly-built homes (including condos) keeps the scope narrower than expected
Canada will loosen the rules on mortgages to allow first-time buyers to take out 30-year loans when they purchase newly built homes bloomberg.com/news/articles/… via @economics @btaplatt
Prime Minister Justin Trudeau told a public inquiry he found it “very improbable” the Chinese government would prefer his Liberal Party to win recent elections in Canada, given the high tensions between the two countries bloomberg.com/news/articles/… via @bpolitics @btaplatt
The Bank of Canada is likely to leave interest rates unchanged and avoid signaling that cuts are imminent, as officials continue to assess the right moment to launch into easier monetary policy bloomberg.com/news/articles/… via @economics @ErikHertzberg @jzm_econ
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Amazing to say goodbye to my wonderful colleagues at @BNNBloomberg last night. Such a great team that I already miss! 💜
The BNN family coming together - past and present - to share the love we have for this very special thing.
Raising the mortgage amortization limit from 25 to 30 years is less of a sweeping change than at first glance. The current AM cap only applies to insured mortgages, which are sub-15% of originations. Among uninsured mortgages, more than half already have AMs +25 years.
In which @MikePMoffatt and I can’t really find anything to disagree about in terms of a targeted easing of mortgage amortization rules for first time home buyers. Should the feds increase the maximum mortgage repayment period? Experts say yes #cdnpoli ipolitics.ca/news/should-th…
@ldhillonkane @business Thank you! I’m looking forward to working with you and the team. Now to figure out how to change my Twitter handle…
I'm spending less and less time on this platform, but I wanted to share a piece I've written about how Canadian Jews are feeling right now. Spoiler alert: not well. #antisemitism theglobeandmail.com/opinion/articl…
... and now is saying, sure, towers wherever, design guidelines, what's that, sorry about all the other stuff we wouldn't allow before.
I'm feeling like I will spend 2024 adjusting to the massive whiplash on housing from Vancouver, which spent decades suppressing housing options in the city (limited laneway sizes, only four stories allowed even on major arterials like B'way, huge protections for SF) ...
There's an elephant in the room that needs to be discussed RE: housing. And it's this: "Should there be enough single-detached and semi-detached homes so that any middle-class family can buy one?" A thread.
Very happy to share that next week I start a six-month position at the @CanadianPress Ottawa bureau! I'm excited to switch things up from my long-standing beat and focus on more general political reporting, including late-breaking news and copy editing.
What a badass. 💪
Global News Calgary traffic reporter @global_leslie responds to an email criticising her choice of clothes. #yyc
I haven’t been on Twitter for a while because my partner, @IanVandaelle, has been in the hospital since Nov. 18. It’s with a heavy heart today that I say he was declared neurologically deceased this week and taken life support this morning. He was 33 years old.
@5L4P57R4 @MarcLevesqueEco excess demand is still an issue despite a high policy rate @ldhillonkane @ErikHertzberg
i was also pretty tempted by "We will agree there was a time when I was probably the worst-dressed newsletter writer in the world and had the worst hair cut."
WE WON AN EMMY!! So grateful to our incredible team, to VICE — a troubled company that nonetheless believed in me when so many other outlets/editors didn’t — and most importantly to our sources who are the experts on the drug supply and don’t always get the respect they deserve
VICE News Tonight’s “Beyond Fentanyl” has won the award for 2023 Emmy for Outstanding Health or Medical Coverage. Watch the award-winning piece here: youtu.be/82QhIOgJy1c?si…
😢Sharing some sad news: Our local news company filed for bankruptcy protection. 605 layoffs, nearly 2/3 of our workforce. 68 journalists passionate about this calling - including me. I found out TODAY that today is my last day after nearly 40 years with Torstar. I'm heartbroken
@ldhillonkane Love that you have a Punjabi middle name.
@ldhillonkane @ErikHertzberg @business As our home values jumped, many of us boomers have watched our property taxes skyrocket. It's a boon to govt coffers, but it's hurting a lot of seniors.