City Ottawa Financial News

Prime Minister Justin Trudeau says the amount of military aid NATO allies have been shipping to Ukraine to help its fight against Russia’s invasion means “everyone is in big trouble” with military supplies.

The Canadian government will approve Royal Bank of Canada’s landmark deal to acquire HSBC Holdings Plc’s Canadian operations.

Justin Trudeau's jibe that New Delhi's ties with Ottawa may have undergone a ‘tonal shift’ saying that the core issue with Canada is that it gives space to separatists, terrorists and anti-India elements. Ministry of External Affairs (MEA) spokesperson Arindam Bagchi said, "Our position has been consistent. We have highlighted how we see the problem and frankly, the core issue remains the space that is given to extremists, terrorists and anti-India elements in that country." "I would not like to say whether they have noted a shift or not.

Ottawa rolled out its timeline for the full transition to electric vehicles on Tuesday, but some industry watchers are concerned the path to get there is not realistic.

Justin Trudeau said he senses a change in India's tone with Ottawa after the United States warned New Delhi about its involvement in a thwarted plot to kill a Sikh separatist leader on U.S. soil, the CBC reported on Wednesday. «I think there is a beginning of an understanding that they can't bluster their way through this and there is an openness to collaborating in a way that perhaps they were less open before,» Trudeau said in an interview with the Canadian Broadcasting Corp. «There's an understanding that maybe, maybe just churning out attacks against Canada isn't going to make this problem go away,» he added. Trudeau announced Sept.

credit rating agencies and reforming the structure of the multilateral development banks (MDBs) to mobilise funds for green and sustainable growth across developing nations. “The way forward involves a new toolkit of policies and a reform of the structure of the MDBs to help them engage in capital mobilisation, better project implementation, joint financing, risk sharing and making sustainable infrastructure an asset class,” the Aayog said in its report on a Green and Sustainable Growth Agenda. The report, developed by NITI Aayog in collaboration with the International Development Research Centre (IDRC), Ottawa, and the Global Development Network (GDN), New Delhi, has been compiled following a G20 international conference on the theme in July this year.

Bank of Canada governor Tiff Macklem said he expects to start cutting interest rates next year but needs to see several months of sustained downward momentum in core inflation first.

A spate of recent articles in the United States have been speculating about how America will change if Donald Trump is re-elected in 2024. But there will be adverse changes in store for Canada, too.

A report says the average asking price for a rental unit in Canada was $2,174 in November, relatively flat from the previous month but an 8.4 per cent increase year-over-year.

After a chaotic 2022, Canada’s air travel sector says it is “winter ready” as travellers will be hoping for a less turbulent time over the holiday period this year.

A Canadian Jewish organization wants police to investigate Facebook posts allegedly made by the father of a teenage terror suspect arrested in Ottawa.

terrorism in two days. On Wednesday, RCMP arrested a 16-year-old in Calgary over an unrelated plot.The RCMP said Saturday it had arrested five youths for terrorism just in the past six months, and that it had seen a “concerning trend” of terrorists using the internet to recruit youths.As a result, police said parents, as well as teachers and coaches, should be on the alert for the signs of radicalization.“We’re asking adults in positions of authority to be alert for behaviors of concern which may be linked to violent extremism,” the RCMP said in a statement.The Ottawa youth’s father told Global News his son had become “more religious.” “I warned him many times,” to stay away from “extremist people,” he said, and even arranged for his son to speak to an imam.But he said his son was naive and may have been used by extremists.“There are some people taking advantage of him,” the father said.

Parliament on Friday, citing Ottawa's census data for 2021. The information was provided by Minister of State for External Affairs V Muraleedharan in a written reply to a question in the Lok Sabha.

A federal judge has dismissed applications from the truck driver who caused the deadly Humboldt Broncos bus crash in Saskatchewan and was fighting deportation back to India. Jaskirat Singh Sidhu was sentenced to eight years for causing a crash that killed 16 people and injured 13 others.

Housing affordability hit its worst level in more than four decades last quarter, according to the Bank of Canada, as housing prices and mortgage rates pushed higher.

A woman from Dartmouth, N.S. now holds the most academic degrees of any woman in history, making her an official world record holder, according to the World Record Academy.

housing plan to ignite the pace of home construction in Canada.Housing Minister Sean Fraser on Tuesday confirmed Global News’ report from Monday that the minority Liberals were taking the nearly 80-year-old program off the shelf and revamping it.The program, which was run by what was at the time known as Wartime Housing Ltd., provided standardized housing blueprints to builders.“In many instances, these homes were being built in a period of about 36 hours, and we intend to take these lessons from our history books and bring them into the 21st century,” Fraser told reporters in Ottawa.“We are going to be moving forward with a catalogue of pre-approved designs at the federal level.”Fraser added the government will begin consultations on the matter in January, with the goal to have them available for developers next fall.The program from Wartime Housing and its successor, Canada Mortgage and Housing Corp.

Prime Minister Justin Trudeau’s government must refocus spending on boosting investment instead of consumption to address Canada’s sluggish productivity growth, argues a new report co-written by former Bank of Canada governor David Dodge.

FINTRAC is Canada’s primary financial intelligence unit, reporting to the minister of finance. It is also the country’ anti-money laundering and anti-terrorist financing supervisor. Based in Ottawa, with three regional offices across the country, its mandate is to ensure the compliance of businesses subject to the Proceeds of Crime (Money Laundering) and Terrorist Financing Actand associated regulations. FINTRAC also collects financial intelligence for police, law enforcement and national security agencies to assist in the investigation of money laundering and terrorist activity financing offences or threats to the security of Canada. It can impose administrative financial penalties, as it did with the two banks, or make a non-compliance disclosure to law enforcement. “Proceeding in one manner prevents proceeding in the other,” according to FINTRAC’s website.

Canada is threatening to cap the number of foreign student visas if the quality of education and housing doesn’t improve for the newcomers, a move that would limit an important source of revenue for colleges and universities. “We are prepared to take necessary measures, including significantly limiting visas, to ensure that designated learning institutions provide adequate and sufficient student supports,” Immigration Minister Marc Miller told reporters at an Ottawa event Thursday. Think you check all the immigration boxes? Find out The number of foreign students in Canada has nearly tripled in the past decade, reaching more than 800,000 last year. The students pay about five times as much tuition as Canadians and are also grappling with soaring housing costs due to a severe supply shortage. Post-secondary schools, and the provinces and territories that regulate them, have until September to ensure that international students are “set up for success,” Miller said. Canada has a responsibility to support newcomers and protect them from “unscrupulous individuals” who offer inadequate living conditions with inflated prices, he added. “There are in provinces the diploma equivalent of puppy mills that are just churning out diplomas and this is not a legitimate student experience,” he said. “There is fraud and abuse and it needs to end.”

The federal government is roughly doubling the amount of money international students need to prove they have in order to get a study permit, says Immigration Minister Marc Miller.