City Ottawa Financial News
19.03 / 18:27
COST
UPS
Bill
cover
Department
Updates
Ottawa caps non-sufficient fund fees, places other limits starting March 2026
Ottawa has put in place new rules limiting the fees banks can levy on customers who don’t have enough in their accounts to cover a cheque or other pre-authorized charges.
30.01 / 06:15
UPS
Bill
show
country
reports
strain
Canada back in play: Indian Oil to double down on assets as ties improve
Subscribe to enjoy similar stories. Panaji: Indian Oil Corp. plans to step up exploration and production activity in Canada and explore sourcing crude oil and liquefied natural gas from the country, as India and Canada move to rebuild strained diplomatic ties, chairman and managing director Arvinder Singh Sahney said in an interview.
24.01 / 02:45
UPS
Fighting
economy
Trade
President
War
Team Trump is livid after Canada’s Carney calls out US coercion
Subscribe to enjoy similar stories. OTTAWA–Canada and the Trump administration are locked in a war of words over Prime Minister Mark Carney’s bid to chart a new model for smaller powers to fight back against the U.S.’s aggressive use of its economic and military might. In the past week, Carney has resolved a trade dispute with America’s biggest strategic competitor, China, and delivered a speech at the World Economic Forum in Davos, Switzerland urging smaller powers to unite against economic coercion from the world’s great powers.
04.04 / 23:01
COST
Provident
Strategy
Death
Research
country
patient
Study highlights 'catastrophic costs' incurred by tuberculosis patients worldwide
University of Ottawa, said that patients incurring catastrophic costs are two to four times more likely to experience treatment failure. Therefore, mitigating treatment costs will not only benefit individuals, but also health systems and communities at large, they said. Tuberculosis is a bacterial disease that spreads through the air when an infected person coughs or sneezes. Symptoms include a persistent cough, chest pain, fever, fatigue, among others. Findings, published in the journal PLOS Global Public Health, also showed that costs were consistently higher among patients having drug resistant tuberculosis and those identified through 'passive case finding'. The researchers suggested that actively finding cases, along with improving access to tests for drug resistant tuberculosis, may help mitigate the burden of out-of-pocket expenditures incurred by patients.
31.03 / 05:27
UPS
Fox
ICE
blues
reports
Wild weather leaves 900,000 without power in US and beyond as rain turns to ice
Freezing rain swept through Michigan, Wisconsin and Ontario, Canada's most populous province on Sunday, causing widespread power outages as trees and power lines were brought down across the upper Great Lakes region. Thousands of people were left without electricity, while forecasters warned of severe weather heading towards Tennessee. The National Weather Service predicted winds of up to 70 mph (112 kph), along with the potential for tornadoes and hail up to 2 inches (5 centimetres) by Sunday night. «Make sure your safe place is ready just in case,» forecasters advised via a post on X (formerly Twitter). By Sunday evening, approximately 360,000 customers were without power in Michigan, with another 62,000 outages reported in Wisconsin and more than 110,000 in Indiana. In Ontario, over 400,000 customers were affected, reported NYT.
28.03 / 19:13
Extreme
security
Election
Trade
country
social
Relationships
No duty reprieve despite 'productive' Donald Trump-Mark Carney call
Donald Trump and Prime Minister Mark Carney on Friday had a phone conversation that both men described as productive, although the Canadian leader said Ottawa would be imposing retaliatory tariffs next week as promised The call was the first contact since Carney won the leadership of Canada's ruling Liberals. He has called Trump's tariff threats a betrayal of a once close economic and security relationship. «It was an extremely productive call, we agree on many things, and will be meeting immediately after Canada's upcoming Election to work on elements of Politics, Business, and all other factors,» Trump wrote on Truth Social. Trump's tariff announcement is expected on April 2. Ottawa has made clear for months that it will impose countermeasures. The US and its northern neighbour have long been close allies and trading partners. But relations deteriorated after Trump upended the relationship with tariff threats and repeated comments about annexing the country. US inflation, consumer spending up
28.03 / 18:07
UPS
Target
Trade
Experts
Universities
country
International
Posthaste: Is Canada's thirst for tariff retaliation 'misguided' or the only option against Trump?
Poll after poll shows angry Canadians are on board when it comes to retaliating against United States President Donald Trump‘s tariffs.
28.03 / 02:11
Fighting
economy
Election
Trade
President
War
rowing
Canada PM Carney declares end of close US ties, plans talks with Trump amid tariff row
Canada and the United States «is over,» Prime Minister Mark Carney said Thursday, after President Donald Trump announced steep auto tariffs. Trump's planned 25 percent levy on vehicle imports to the United States is to come into force next week and could be devastating for a Canadian auto industry that supports an estimated 500,000 jobs. After Trump's announcement, Carney paused his campaign ahead of Canada's April 28 election to return to Ottawa for a meeting of cabinet members working on tactics in the trade war with the United States. He called Trump's auto tariffs «unjustified,» and said they were in breach of existing trade deals between the countries. He also warned Canadians that Trump had permanently altered relations with the United States and that, regardless of any future trade deals, there would be «no turning back.»
26.03 / 17:59
MET
security
Banner
information
reports
Canada's Indian-origin MP Chandra Arya barred from running under party's banner over alleged ties to India: Report
Canada's Liberal Party revoked Indian-origin MP Chandra Arya's bid to run for the party leadership and his nomination in his own Ottawa Nepean constituency over his alleged ties to the Indian government, a media report said on Wednesday. Citing a source with top-secret clearance, the Globe and Mail daily reported that Arya, who visited India last August and met Prime Minister Narendra Modi, had not informed the government of that trip even though bilateral relations are in a deep freeze. The Liberals have never revealed why they barred the three-term Liberal MP from the party's recent leadership race or from running again in Nepean constituency, the paper said. Citing the source, the daily reported that the Canadian Security Intelligence Service had briefed the government about Arya's «alleged close ties to the government of India, including its High Commission in Ottawa». Liberal Party officials who have security clearances and had received a general CSIS briefing on foreign interference also had concerns about Arya, a Liberal source said. The decisions to remove Arya as a candidate for the leadership and Nepean nomination were solely made by the Liberal Party and were not on the advice of CSIS, sources said.
25.03 / 21:13
Career
Patrick
performer
blues
reports
ESPN
NHL
Jakob Chychrun signs 8-year extension with Washington Capitals worth $72 million
Jakob Chychrun on Tuesday re-signed his contract with the Washington Capitals for an eight-year extension worth $72 million. The defenseman, who was acquired by the side in the last offseason, helped them emerge as the top NHL team by delivering offense from the blue line. He has now been signed for a long-term contract with the Washington Capitals, ESPN reported.
24.03 / 03:01
UPS
Racing
Election
Trade
President
country
Canada’s Prime Minister calls a snap election as tariffs loom
Subscribe to enjoy similar stories. Canada’s Prime Minister Mark Carney called for elections on April 28, 2025. (Photo by Andrej Ivanov/Getty Images) New Canadian Prime Minister Mark Carney called for a snap election in late April as the country steels itself to respond to President Donald Trump’s threatened tariffs and repeated calls for it to become the U.S.’s “51st state." Carney was sworn in less than two weeks ago to succeed Justin Trudeau.
20.03 / 09:31
Citizens
Death
wellness
country
reports
rights
China says acted 'in accordance with the law' after 4 Canadians executed
Canada's Foreign Minister Melanie Joly told reporters in Ottawa on Wednesday that China had executed four Canadian citizens in recent weeks, defying pleas from Ottawa for leniency. «We strongly condemn the executions that did happen against Canadians in China,» Joly said. She said she was unable to discuss details of the case due to privacy requests from the affected families. However, Beijing suggested on Thursday the Canadians had been convicted over narcotics offences, saying "… combating drug crimes is the common responsibility of all countries".
19.03 / 18:49
Cybercrime
RAI
country
information
Interviews
Investigations
NIA probing terror acts against India on foreign soil, trafficking: Govt
NIA is probing foreign links to terror acts, human trafficking and terror financing emanating from foreign soil, minister of state for home Nityanand Rai informed the Rajya Sabha on Wednesday. Referring to NIA (Amendment) Act, 2019, he said the agency has been empowered to investigate terrorist acts on Indian missions. In reply to supplementary questions during Question Hour, Rai said during the investigation of cases in the last year, NIA found that the accused were based outside India's borders.
19.03 / 16:51
wellness
RAI
country
information
prevention
Investigations
NIA probing cases against India from foreign soil, human trafficking: Govt in RS
National Investigation Agency (NIA) is probing foreign links to terror acts, human trafficking and terror financing emanating from foreign soil, Minister of State for Home Nityanand Rai informed the Rajya Sabha on Wednesday. Referring to the NIA (Amendment) Act, 2019, he said the agency has been empowered to investigate terrorist acts on Indian missions abroad as part of the dispensation’s commitment to zero-tolerance towards terrorism. In reply to supplementary questions during Question Hour in the Upper House, Rai said during the investigation of cases in the last year, NIA has found that the accused were based outside India’s borders.
17.03 / 22:17
markets
Trade
President
War
reports
travelers
Destinations
Mexico's gain at USA's loss: U.S tourism takes a hit as Canadians ditch cross-border trips over trade war, opting for Mexico's beach getaways instead
Cross-border travel is dropping sharply, as per surveys, which is impacting tourism revenue and triggering ad campaign adjustments.
14.03 / 16:11
UPS
Racing
Election
Trade
War
country
Mark Carney sworn in as Canada PM as country deals with Trump's trade war
The ruling Liberal Party overwhelmingly backed Carney to replace Justin Trudeau, betting his experience leading two central banks through historic crises will re-assure Canadians facing a potentially devastating trade war. Carney, who turns 60 on Sunday, is a political novice who has never won an elected public office but his campaign skills will be tested soon with Canada likely headed for a general election in weeks. The threats posed by Trump are expected to dominate the vote. The US president has sought to bludgeon Canada, imposing sweeping import tariffs and threatening further levies while claiming the country is not «viable» on its own and should be annexed by Washington.
12.03 / 15:31
UPS
Trade
President
Universities
War
show
country
Trump tariffs: World including India watches Canada test ways of fighting back
Donald Trump’s administration are watching Canada to get a preview of what happens when you hit back. Canadian officials have gone hostile in their responses to Trump’s trade war. Ontario Premier Doug Ford slapped a 25% charge on electricity exports to make power more expensive for people in New York and two other states — earning the president’s ire. Mark Carney, the incoming prime minister, called the US “a country we can no longer trust,” and said his new government will keep its retaliatory tariffs in place “until the Americans show us respect.” On Tuesday, the brinkmanship seemed to pay off: Trump started the day threatening to double tariffs on Canadian steel and aluminum to 50%, but by day’s end both sides had pulled back. Ford suspended the electricity tax, prompting Trump to say “I respect that” and drop the metals levy back to 25%. Trump’s tariffs on steel and aluminum — which came into force on US imports on Wednesday — drew a swift response from Canada and the European Union. The government in Ottawa announced new 25% counter-tariffs on about C$30 billion ($20.8 billion) of US-made items, while Brussels laid out countermeasures against US goods worth as much as €26 billion ($28.3 billion). But other metals-exporting countries including Japan and South Korea held off on any immediate retaliation. Even before that widening of the trade war, Mélanie Joly, Canada’s foreign minister, had issued a warning to other nations. Watch what Trump is doing to Canada, she said. “You’re next.”
11.03 / 09:39
MET
Platform
Election
social
reports
Tongue out, chair in hand: Trudeau's bizarre exit from Parliament, netizens ask 'what's this circus?'
Justin Trudeau was seen leaving the House of Commons in Ottawa carrying a chair, with his tongue sticking out. The humorous scene quickly gained traction across social media platforms, sparking widespread attention. On Monday, Justin Trudeau met with Liberal leader and prime minister-designate Mark Carney to start the transition of power after Carney's landslide win at the Sunday party election.
10.03 / 07:51
markets
UPS
Manufacturing
Corning
Uncharted
Trade
country
Ajit Ranade: India must formulate a strategy to boost agricultural exports
Subscribe to enjoy similar stories. US President Donald Trump issued executive orders slapping high tariffs on imports from Canada, Mexico and China. For the rest, he has proposed a reciprocal tariff regime, pushing exporting countries to either reduce their respective import duties drastically or be shut out of the US market.
28.02 / 21:01
markets
Citizens
security
Trade
President
country
reports
51st state? Donald Trump’s closest advisor, Peter Navarro, threatens to redraw Canadian border amid President's talk of the country becoming next U.S. state
Donald Trump's adviser, Peter Navarro, is allegedly pushing for border changes, thereby increasing the tensions between the United States and Canada. In light of Donald Trump's goal of making Canada the «51st state» in the union, a senior White House official has threatened to redraw the country's border.
28.02 / 17:41
UPS
Ottawa posts $21.7 billion deficit for April-to-December period
The federal government posted a budgetary deficit of $21.7 billion for the April-to-December period of its 2024-25 fiscal year.
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