News of the day: Waiting out trade war, buying a home right now, long-term deal with U.S., CRA denies dependant credit, employee vetting and more

Flags of Canada and United States fly across the international border on the Gordie Howe International bridge that connects Windsor, Ont., and Detroit, Michigan. Photo by JEFF KOWALSKY/AFP via Getty Images files

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It’s Wednesday, Sept. 9. Here are the top stories we’re following today.

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Canada can afford to stick out its escalating trade fight with the United States rather than accept a bad deal since time may ultimately favour the country despite the economic imbalance, say former U.S. ambassador Frank McKenna and former Bank of Canada deputy governor Paul Beaudry.

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While some markets may be tightening, there is no question that trade wars might rekindle fears about what is one of the biggest financial decisions for new buyers. Photo by DAN JANISSE/Postmedia

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In the market for a home? You may ask yourself whether buying one in the middle of a trade war is a good idea. The answer isn’t easy in a big and diverse country, with many different regional housing markets, and it only gets more complicated when you consider your own financial situation and how it might be affected by the escalating trade war between Canada and the United States.

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Dave McKay, chief executive of Royal Bank of Canada, takes part in a fireside chat on Oct. 8, 2025. Photo by Brent Calver/Postmedia files

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The head of Canada’s largest bank hopes Ottawa can eventually strike a long-term deal with Washington, as United States president Donald Trump escalated the ongoing trade war between the two countries by announcing new tariffs and bans on certain Canadian products.

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The national headquarters of the Canada Revenue Agency. Photo by Spencer Colby/Postmedia files

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Here’s what separated parents need to know about the eligible dependant credit, even if support agreements change, writes Jamie Golombek.

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A company can spend decades building its reputation, customer relationships and goodwill. One employee can damage all three in a matter of days. Photo by Getty Images/iStock Photo

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Employers spend enormous amounts of time worrying about what happens when they fire an employee. But employers often overlook another, potentially far more serious risk. What happens if the employee hurts someone else?

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