Chinese-owned TikTok Canada Wednesday filed a federal court challenge to a government shutdown order. Canada ordered the shutdown in November, citing national security concerns.

The Bank of Canada is poised to cut its key policy rate by another 50 basis points on Wednesday as weak unemployment numbers and poor growth underscore an economy that needs support, economists and analysts said.

The 3.25 per cent cut from the Bank of Canada is welcome news to mortgage holders and would-be buyers here in B.C., where housing costs remain sky-high. But even those keen to see their monthly payments drop say they're worried about what it says about the state of the economy.