Canada Financial News
20.09 / 05:39
UPS
Provident
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trudeau
If Justin Trudeau wants to be an ‘Olympic hole digger’…: Experts on future diplomacy between India, Canada and the US
Amid the tensions between India and Canada over the Hardeep Singh Nijjar killing row, many experts are predicting it will majorly affect the diplomatic relationship between India, Canada and the United States. On Canadian PM Justin Trudeau's claim of Indian hand in the killing of Nijjar, Dinsha Mistree (Research Fellow at Stanford Law School) said, as quoted by ANI, “I think there are several lessons that can be drawn from this, specifically to the US-India relationship.
20.09 / 05:11
UPS
Citizens
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Sikh
Here's why the Sikh population in Canada surged to over 7.71 lakh after 1991
Canada has reached approximately 7.71 lakh, making up about 2.1% of Canada's total population. This growth in the Sikh community's numbers can be linked to various reasons. It initially began during a challenging period in Punjab, India, which led many Sikhs to seek a better life abroad. Factors like improved job opportunities and better prospects for employment played a big role in this decision.
20.09 / 05:07
COST
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Marketmind: British CPI first, then it's over to Jerome
A look at the day ahead in European and global markets from Tom Westbrook
20.09 / 04:31
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Canada's call for accusations against India met with reluctance from allies: Report
Canada made an explosive allegation implicating Indian officials in the killing of Sikh separatist leader Hardeep Singh Nijjar, Canadian officials sought public condemnation of the murder from their allies, including the United States, but were met with reluctance, The Washington Post reported. The same highlights the diplomatic challenges faced by the Biden administration and its allies as they try to navigate relations with India, a crucial player in the region, the report noted. The alleged assassination of Nijjar, a Canadian citizen, on June 18, led to behind-the-scenes discussions among senior officials from the Five Eyes countries in the weeks leading up to the September Group of 20 summit in New Delhi. However, no public mention was made before the summit, which was seen as an important event for Prime Minister Narendra Modi, according to The Washington Post. Canadian Prime Minister Justin Trudeau's announcement of «credible allegations» in the parliament caused a significant rupture in bilateral relations with India, resulting in the expulsion of an Indian diplomat in Ottawa, the report stated. «Canadian security agencies have been actively pursuing credible allegations of a potential link between agents of the Government of India and the killing of a Canadian citizen, Hardeep Singh Nijjar,» PM Trudeau said on Monday. However, New Delhi on Tuesday rejected Canada's allegations of Indian agents being involved in the killing of pro-Khalistan leader Hardeep Singh Nijjar, the chief of Khalistan Tiger Force and a designated 'terrorist'. In retaliation to the Trudeau administration expelling an Indian diplomat, New Delhi ordered a Canadian envoy, believed to be spying for the country in India, within five days, the
20.09 / 04:11
MET
Nijjar killing: Canada seeks condemnation from US and other allies, met with reluctance
This story has been published from a wire agency feed without modifications to the text. Only the headline has been changed.
20.09 / 04:11
Provident
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Nijjar killing row: 'Come with clean facts', Canadian Oppn leader Poilievre's big advice to PM Trudeau
Khalistani terrorist Hardeep Singh Nijjar. He suggested Trudeau come out clean with all facts for making judgments. Addressing a media briefing, Poilievre said, "I think the prime minister needs to come clean with all the facts.
20.09 / 04:11
FIVE
Cooper
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What is 'Five Eyes Intelligence' that is backing probe in Khalistani terrorist Hardeep Singh Nijjar's murder
Also read: Nijjar killing row: 'Come with clean facts', Canadian Oppn leader Poilievre's big advice to PM Trudeau It is an alliance comprising Canada, the US, the UK Australia, and New Zealand. These partner countries share a broad range of intelligence with one another in a unified multilateral arrangement.
20.09 / 04:11
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Billions at stake: India-Canada economic ties have been flourishing; then, Justin Trudeau accused New Delhi of murder
₹2.24 lakh crore) in 2022, marking a 37% increase in just four years, as per data from Statistics Canada. Bloomberg quoted Vivek Dehejia, an Economics Professor at Ottawa's Carleton University, as saying, “The financial connections are very strong in both directions." He opined that the recent diplomatic fallout could have a “chilling effect" on investment flows. India holds significant sway in Canada’s education sector, being the largest source of international students in Canadian universities and colleges.
20.09 / 03:17
Toronto man pleads guilty to murder, admits poisoning toddler with sodium nitrite
Scarborough toddler mysteriously died and another toddler became seriously ill after eating cereal.Francis Ngugi, a friend of the mother of one of the children whose advances she had rejected, admitted in court that he purposefully poisoned the children and took full responsibility for what he called a “shameful and selfish act.”After Ngugi pleaded guilty to second-degree murder in the Superior Court of Justice on Tuesday morning, the 47-year-old began to read a letter he had penned for the mother of Bernice Wamala, the mother of the deceased.As Ngugi began to apologize, the cries of Bernice’s mother drowned out his words, and she slumped over onto the floor.The distraught woman was consoled by crown prosecutors and victim-witness support workers. Ngugi’s letter was filed before he could finish reading it.According to an agreed statement of facts read out in court, Ngugi, a refugee claimant from Kenya who came to Canada in 2018, began working as a janitorial custodian at Griffith Foods, a processing plant in Scarborough.As part of its food processing work, Griffith Foods cures meat products and uses 99 per cent pure food-grade sodium nitrite chemicals to do so.
20.09 / 03:03
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trudeau
Congress' Gaurav Gogoi calls Canadian politics "bizarre" following Trudeau's allegations against India
Justin Trudeau's allegation of Indian involvement in the killing of a Sikh separatist leader on its soil Congress leader and MP Gaurav Gogoi said that «Canadian politics has turned a bizarre turn» in last couple of years. Gogoi was reacting to a social media post of Jagmeet Singh, Leader of Canada's New Democratic Party. Gogoi further said that pandering to local voters can cause harm to the strategic interests of Canada on the global stage. «Canadian politics has turned a bizarre turn in the past few years.
20.09 / 03:03
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Sikh
Sikh Leader
India-Canada News: 'We don't aspire for a separate Khalistan', says Sikh leader amid Nijjar killing row
India and Canada over the killing of Khalistani terrorist Hardeep Singh Nijjar. Speaking to ANI, MS Bittar, Chairman of the All-India Anti-Terrorist Front said in present-day India, which is more assertive and aspirational, such attempts by a handful of people to tarnish the community at the behest of neighboring Pakistan, will not be tolerated. "We will not tolerate if someone tries to peddle an agenda to break or splinter India.
20.09 / 02:47
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500
US stock market: Dow, S&P 500 close lower as investors take cover ahead of Fed decision
Federal Reserve convened for its much-anticipated two-day monetary policy meeting. All three indexes ended the session lower in a broad sell-off ahead of the Fed's interest rate announcement on Wednesday, which is expected to culminate in a decision to leave key interest rates unchanged. «It's a big set up coming into tomorrow and markets are clearly focused on any change in communication from the Federal Reserve,» said Bill Northey, senior investment director at U.S. Bank Wealth Management, Helena Montana, who expects «intense focus on the Fed's perspective on inflation in the post-meeting press conference.» «Broad inflation readings have shown marked progress over the last year,» Northey added.
20.09 / 02:27
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shootings
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'It better be good because if it's not...": Canadian journalist on PM Trudeau's clam of Indian hand in Khalistani leader's killing
India and Canada, triggered by Prime Minister Justin Trudeau's allegation of Indian agents being behind the killing of a pro-Khalistan leader on his home soil, Canadian journalist Terry Milewski on Tuesday said he hoped that more «evidence» will come to the surface in the form of «leaks, or announcements or private briefings». Speaking to on Tuesday, Milewski said the allegation «better be good» as if it isn't, it will turn into a «bigger embarrassment for Prime Minister Trudeau». He said the «Indians were not going to sit quietly» unless the Canadian government presented «evidence» to back its claim of New Delhi's involvement in the killing of the wanted Khalistani leader. «So I think that over time, either through a procedure of leaks or some sort of announcement or some nice little off-the-record private briefing for chosen reporters, that in one way or the other, it's going to get out what the government is talking about...I can tell you that it better be good. Because if it's not, this is just going to blossom into an even bigger embarrassment for Prime Minister Trudeau,» Milewski added. Milewski is a former senior correspondent for Canada-based CBC television news. The Canadian journalist said there has been a persistent rumour within the Khalistan community in Canada that this (killing of Hardeep Nijjar) was not some local gangland killing. «The problem is that for the Canadians there has been a persistent but unconformable rumour...within the Khalistan community in Canada, which is large and very active, that this was not some local gangland killing, as it first appeared.
20.09 / 02:17
FIVE
Action
Hardeep Singh Nijjar killing: ‘Diplomat expulsion was a signal’, Canadian Sikhs urge Ottawa to get tough with India
Khalistani terrorist Hardeep Singh Nijjar will be just the first dramatic step taken against alleged “Indian interference", according to a report published by AFP. Members of Canada's Sikh community -- the largest outside of India -- said they were relieved that the accusation had been made. Harkirt Singh Dhadda, a lawyer and prominent member of the Sikh community in the Toronto area said, "We are happy to see India being held accountable," said Harkirt Singh Dhadda.
20.09 / 02:09
FIVE
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Updates
Hardeep Singh Nijjar killing row: ‘Avoid going to J-K’, Canada updates travel advisory after India expels top diplomat
Canadian government said, “Avoid all travel to the Union Territory of Jammu and Kashmir due to the unpredictable security situation." “There is a threat of terrorism, militancy, civil unrest, and kidnapping. This advisory excludes traveling to or within the Union Territory of Ladakh. Avoid gatherings and demonstrations," the government said as quoted by ANI.
20.09 / 00:21
Fighting
tenor
Price concerns drive US 5-yr yield to highest since 2007
yield rose to the highest level since 2007 after hotter-than-anticipated inflation data in Canada and rising oil prices added to global concerns about resurgent price pressures. The five-year Treasury yield rose as much as 5.5 basis points to 4.5044%, exceeding its 2022 high and climbing to the highest since August 2007. Other Treasury tenors approached their 2023 highs, with the 10-year coming within a basis point of its Aug.
20.09 / 00:21
Airlines
country
Oil at $95 is changing trades across markets
oil is forcing investors to rethink their bets across global markets. Airline stocks, currencies of oil-importer nations and bond yields are just a handful of the asset classes already starting to reflect the reality of Brent at $95 a barrel. Meanwhile, strategists from Goldman Sachs Group Inc.
19.09 / 20:01
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Cooper
Citizens
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India-Canada ties in turmoil as rift grows
NEW DELHI : Bilateral ties between India and Canada hang in the balance after India on Tuesday dismissed as “absurd and motivated" Canadian Prime Minister Justin Trudeau’s claim of a “potential link" between Indian government agents and the killing of Khalistani leader Hardeep Singh Nijjar in June, and the two countries carried out tit-for-tat expulsions of senior diplomats. Trudeau’s claim will further damage bilateral relations, which are already at an all-time low over the activities of pro-Khalistan elements in Canada, including holding a so-called referendum on a separate homeland for Sikhs, targeting of Indian diplomatic premises, and incitement of violence against top Indian officials.
19.09 / 20:01
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Diplomatic strain raises visa worries
MUMBAI : Deteriorating diplomatic ties between Canada and India have sparked concerns about the visa prospects for hundreds of thousands of immigrants, students and workers heading to the North American country every year. Companies with tie-ups with universities and offices in Canada are worried that scrutiny of applications from states such as Punjab and Haryana will increase and immigrant visas will be harder to come by. “This will show up in the visa approvals in the long term.
19.09 / 20:01
country
‘Friction in bilateral relations won’t affect investment flows’
NEW DELHI : The diplomatic row over the killing of a Sikh leader in British Columbia will not affect the flow of Canadian investments into India, a senior finance ministry official said on Tuesday. “Firstly, Western nations have invested in markets they have found promising irrespective of political or diplomatic differences. One example is China.
19.09 / 19:57
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US And UK express 'deep concern' over Canada's allegations
Canadian Prime Minister Justin Trudeau. While Canada said it had raised the matter with France, it is unlikely that Paris will raise the matter with India or issue a statement. The US expressed concern at the allegations and said it is critical for the perpetrators to be brought to justice. «We are deeply concerned about the allegations referenced by Prime Minister Trudeau,» White House National Security Council spokesperson Adrienne Watson said in a brief statement. A spokesperson for Australia's foreign minister Penny Wong said Canberra's concerns had been conveyed to New Delhi at «senior levels». «Australia is deeply concerned by these allegations and notes ongoing investigations into this matter,» the spokesperson said in a statement.
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