City Ottawa Financial News

05.10 / 20:11
COST UPS Citi show reports NOT Homebuilding surge in some Canadian cities to start 2023 may not last: CMHC
Higher borrowing costs are expected to drive drastic slowdowns in homebuilding for Canada’s largest urban centres after a surge in activity that started the year, according to the Canada Mortgage and Housing Corp.
05.10 / 12:39
UPS Man WhatsApp President Celebrity recommendations Canada’s Justin Trudeau sparks another row after winking at new speaker: Watch video
@JustinTrudeau @liberal_party how is THIS behaviour acceptable in parliament from our so called PM?! W*** is the wink and tongue for? What an ABSOLUTE JOKE HOC is." Another user wrote, “Say he picked that gesture up from watching TikTok." “Oh, but, isn’t @JustinTrudeau just precious with the wink and the tongue gesture! #sarcasm," commented another user on the video. Greg Fergus is the first Black Canadian to become a Speaker.
04.10 / 02:47
Cooper VISA Death country reports travelers 'In constant cooperation with India...continue to protect Canada': Foreign Minister Melanie Joly
Also read: India tells Canada to withdraw dozens of diplomats amid Nijjar killing row: Report Post Trudeau's statement, a row has sparked between the two countries. India has dismissed the allegation as “absurd." Besides, India has issued an advisory warning its residents against traveling to Canada and suspended visas for Canadians seeking to visit the South Asian country.
03.10 / 04:09
Target VISA Immunic country reports India asks Canada to withdraw dozens of diplomats from the country: Report
This marks an escalation in the crisis that erupted after Canada's Prime Minister Justin Trudeau said India has hands in the murder of Hardeep Singh Nijjar, who was a designated terrorist in India and Khalistani activist. This was followed by both countries expelling a senior diplomat in a tit-for-tat move. New Delhi has told Ottawa that it must repatriate roughly 40 diplomats by October 10, FT reported citing people familiar with the demand.
03.10 / 04:01
WhatsApp information reports India tells Canada to withdraw dozens of diplomats amid Nijjar killing row: Report
Financial Times. People familiar with the matter informed FT that Ottawa has been told by New Delhi that it must repatriate around 40 diplomats by October 10. (This is a developing story. More details are awaited.)"Exciting news! Mint is now on WhatsApp Channels
03.10 / 02:03
Citizens Extreme Remark Matthews President country Department "In close coordination with Canada...": US on Nijjar's killing
Hardeep Singh Nijjar. «We remain in close coordination with our Canadian colleagues on this question,» US State Department spokesperson Matthew Miller said while responding to a question related to Nijjar's killing in Canada. Miller's remarks came during a daily press briefing on Monday (US local time). Canadian Prime Minister Justin Trudeau recently alleged that the Indian government was behind the fatal shooting of Nijjar. Nijjar, who was a designated terrorist in India, was gunned down outside a Gurdwara, in a parking area in Canada's Surrey, British Columbia on June 18. Trudeau, during a debate in the Canadian Parliament, claimed his country's national security officials had reasons to believe that «agents of the Indian government» carried out the killing of the Canadian citizen, who also served as the president of Surrey's Guru Nanak Sikh Gurdwara. However, India has outrightly rejected the claims, calling it 'absurd' and 'motivated'. Notably, Canada has yet to provide any public evidence to support the claim about the killing of Hardeep Singh Nijjar. Miller said the US has engaged with the Indian government on a number of occasions to urge them to cooperate with Canada's investigation. He said US State Secretary Antony Blinken had an opportunity to discuss the issue with Foreign Minister S Jaishankar during their meeting on Friday. Meanwhile, Trudeau has said that Ottawa wants to «work constructively with India» regarding the allegations. While addressing a joint press conference with Ukrainian President Volodymyr Zelenskyy, Trudeau said, «In regards to India, Canada has shared the credible allegations that I talked about on Monday. With India, we did that many weeks ago.
01.10 / 17:25
Action Remark social exclusive Gandhian wisdom
NEW DELHI : This Gandhi Jayanti, we should reflect upon an important observation the Mahatma made about us-versus-them thinking and its corrosive effect on judgement. Too often, he remarked, do we judge others by their worst actions and ourselves by our best principles.
01.10 / 02:53
UPS Reuters VISA WhatsApp reports Canada's Sikhs grateful to Justin Trudeau, report claims
‘Majboori thi’: EAM Jaishankar on suspending visa for Canada amid diplomatic row over Nijjar killing Canada is home to about 770,000 Sikhs, the highest population outside India's Punjab. The government of India has for decades expressed its displeasure with some community members' outspoken support for Khalistan. (Exciting news! Mint is now on WhatsApp Channel. Subscribe today by clicking the link and stay updated with the latest financial insights! Click here!) Sikhs punch above their weight in Canadian politics.
30.09 / 12:23
MET VISA Discover reports shock From fake appointment letters to flight tickets: How 178 youth in Punjab duped Rs 2.3 crore in Canada job scam
As per a report in the Times of India (TOI), all the individuals who fell victim belong to the same village in Punjab and have collectively lost a whopping Rs 2.3 crore. The accused, Popinder Singh, posing as a senior HR executive from a reputed Ottawa-based company, duped these youths with promises of lucrative employment opportunities in Canada. Palwinder Singh, a resident of Ghaziabad and one of the victims, had initially met Popinder during an event in January.
30.09 / 07:17
WhatsApp country Indian Indian envoy to UK, stopped from entering Glasgow Gurdwara, decides to leave
India and Canada over the killing of Khalistani terrorist Hardeep Singh Nijjar on 18 June. The ‘Sikh Youth UK’ claimed that there is an ongoing ban on Indian officials visiting the gurdwara in their official capacities.
30.09 / 02:39
UPS Provident Target VISA country NOT 'Let’s not normalise what is happening in Canada': S Jaishankar
Jaishankar questioned whether the reaction would have been the same if a similar situation had occurred in any other country. He further emphasized that the situation in Ottawa should not be normalized. Addressing a press conference in Washington DC on Friday, S Jaishankar said, “...Our point is that there is today a climate of violence, an atmosphere of intimidation...Just think about it. We have had smoke bombs thrown at the mission.
30.09 / 02:05
business WestJet Calgary 2024 WestJet to merge with Sunwing Airlines by October 2024
WestJet said Friday it aims to wind down Sunwing Airlines and integrate the low-cost carrier into its mainline business by October of next year.
29.09 / 18:11
UPS Target FIVE Manufacturing economy reports Canada's economic growth misses forecasts, backing interest rate pause
The Canadian economy rebounded slightly last month but still saw little growth, backing a case for the central bank to keep rates on hold despite inflation remaining elevated.
28.09 / 18:45
UPS Target Strategy Pool social reports Alberta has only a small claim on this fast-growing pool of CPP money
As the bickering begins over how much of the Canada Pension Plan fund Alberta would be entitled to if it pulls out of the national pension scheme, there is a fast-growing pool of money managed by CPP Investments on which all appear agreed the western province would have a much smaller claim. 
28.09 / 05:15
Bruce Springsteen postpones all 2023 concerts, including 8 Canadian shows
Bruce Springsteen and the E Street Band’s 2023 tour will be postponed until 2024, citing doctor’s advice.The Boss, who last week celebrated his 74th birthday, is “steadily recovering” from peptic ulcer disease, a press release read. “Out of an abundance of caution,” the remainder of this year’s tour has been pushed to next year.Earlier this month, Springsteen announced that he would be postponing all of his September 2023 dates while he was treated for symptoms related to the disease, which causes ulcers to form in the stomach or small intestine that can cause heartburn, nausea and stomach pain.Those postponed shows included stops in Baltimore, Philadelphia, Albany and Syracuse in New York, Pittsburgh, Washington, and shows in Connecticut and Ohio.The newly postponed shows include shows all across Canada, in Vancouver, Edmonton, Calgary, Winnipeg, Ottawa and Montreal — as well as two dates in Toronto.The Boss’ West Coast run of Phoenix, San Diego, Los Angeles, and San Francisco has also been postponed.Rescheduled concerts will be announced this week and will take place at the original venues.Peptic ulcer disease can be dangerous, leading to bleeding and emergency situations such as perforation of the ulcer through the stomach.
28.09 / 04:05
UPS Cooper VISA country recommendations Indian Indian government continues to purchase Canada lentils for buffer stock
lentils from Canada despite the worsening of diplomatic ties between the two nations as New Delhi seeks to build buffer stocks to arrest the high price of pulses, said people familiar with the matter. The two central government agencies — National Cooperative Consumers’ Federation of India Ltd (NCCF) and National Agricultural Cooperative Marketing Federation of India (NAFED) – have recently issued tenders to procure red lentils (masoor whole) from the local market as well as through imports to stabilise prices. “The two agencies have floated tenders for domestic as well as imported lentils. They have, however, not mentioned any restriction on the country of origin,” one of the persons cited above said, adding lentils that will be procured have to comply with specifications of the Food Safety and Standards Authority of India (FSSAI). The two agencies, together, began issuing tenders four times every week to procure lentils earlier this month. Erratic monsoons this year in key growing states have caused a drop in acreage, leading to a rally in prices of the protein-rich staple.
27.09 / 10:21
COST UPS Gap Remark show country reports Canada’s miserly defence spending is increasingly embarrassing
NATO summit in 2019 when Mr Trump asked jeeringly: “Where are you at? What is your number?" Mr Trudeau had more friends at that summit than Mr Trump. But since the Russian invasion of Ukraine, Canada’s position as a penny-pinching outlier has become more embarrassing for the country. The statement of Jens Stoltenberg, NATO’s secretary-general, before the NATO summit in Vilnius this month that spending 2% of national GDP on defence was no longer to be regarded as the “the ceiling" but “the floor" could have been designed to cause blushes in Ottawa.
27.09 / 03:25
Provident Cooper VISA Extreme country information India had been 'badgering Canadians' about organized criminals in the country, says EAM Jaishankar
Subrahmanyam Jaishankar, said on Tuesday that India has told Canada it was open to looking into any «specific» or «relevant» information it provides on the killing of Sikh separatist Hardeep Singh Nijjar. Prime Minister Justin Trudeau said last week that Ottawa had credible intelligence linking Indian agents to the murder, prompting an angry initial reaction from New Delhi, which denies the allegation. Asked about the allegations at a Council on Foreign Relations event in New York, Jaishankar detailed India's response in diplomatic engagements. «One, we told the Canadians that this is not the government of India's policy,» he said. «Two, we told the Canadians saying that look, if you have something specific, if you have something relevant, you know, let us know — we are open to looking at it.» India last week suspended new visas for Canadians and asked Ottawa to reduce its diplomatic presence in the country, citing what it called a deteriorating security environment. India had been «badgering the Canadians» about its claims that organized criminals are based there, a reference to separatists like Nijjar, he said, adding that India had made «a large number of extradition requests.» «The picture is not complete without the context,» he added.
26.09 / 23:53
interest rate Bank of Canada Canada housing market Mortgages Ottawa making financing cheaper for more builders to spur rental construction
The Liberal government’s latest plan to get more rental housing built is to expand a program that helps developers secure cheaper mortgage rates as higher interest costs affect the viability of new projects.
26.09 / 20:11
Nazi Anthony Rota resigns as House Speaker over tribute to veteran of Nazi unit
Anthony Rota has resigned amid international controversy over his recognition of a Ukrainian war veteran who fought in a Nazi unit.Rota announced his resignation in the House of Commons Tuesday afternoon. His resignation takes effect at the end of the sitting day Wednesday, he added.Senior Liberals, the NDP, the Bloc Québécois and Conservative Leader Pierre Poilievre all urged Rota to resign after he brought 98-year-old Ukrainian Canadian Yaroslav Hunka to Parliament Hill for Ukrainian President Volodymyr Zelenskyy’s visit to Ottawa on Sept.

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