City Ottawa Financial News

By Ismail Shakil and David Ljunggren

Marc Miller just finished five years as a federal minister working on Indigenous issues. Now, ironically, he’s minister of immigration, encouraging an influx of new Canadians many Indigenous Canadians think hasn’t served them so well.

Alberta Premier Danielle Smith says Ottawa is one of the reasons why her government has placed a moratorium on approving new wind and solar power projects, arguing the feds are preventing development of backup generation for renewable energy like natural gas.Smith, whose government surprised the province’s renewable energy industry last week by announcing a six-month freeze on new projects greater than one megawatt, told her provincewide radio call-in program Saturday that backup plants powered by natural gas are needed for when wind isn’t blowing or the sun isn’t shining.But, she said, the federal government doesn’t want Alberta to add any new natural gas electricity plants to the grid.“So I’ve told them, how can I bring on additional wind and solar if I’m not able to secure the reliability of my power grid by being able to bring on natural gas peaker plants? That’s the heart of the problem,” Smith said.“No one is proposing any new natural gas plants because the federal government has created so much uncertainty in the market.”The rationale was confusing for an energy market economist, as well as a representative of a renewable energy industry group, who said there isn’t a requirement in Alberta’s market for generators to be able to supply power 24-7.“If somebody adds solar to the grid, you don’t need to add backup to compensate for it,” said Andrew Leach, a University of Alberta energy economist. “It just adds a source of cheap electricity for times when it is sunny outside.”“Essentially, you bring your power to the market every hour and see what it sells for.”Leach said it’s possible the addition of cheap wind and solar energy could discourage natural-gas powered projects by lowering the price of electricity.

flash flooding, record heat and wildfires.Global News meteorologist Ross Hull said that the bullseye for the strongest storms will be over the northeastern U.S., with parts of New York state down to Kentucky in line for potentially damaging winds, hail, heavy downpours and isolated tornadoes.He said Ontario and Quebec are on the “northern periphery of this disturbance.”“Once again it looks like parts of eastern Ontario could see some strong storms Monday late afternoon to evening with the biggest threat being heavy rainfall,” Hull said in an email.“There are Rainfall Warnings in place from Ottawa south towards Kingston and east to areas north of Montreal where some downpours could deliver more than 50 mm of rain in a relatively short amount of time which could lead to localized flooding.”As the weather system moves east into the Maritimes, there will be the potential for heavy rain Tuesday night into early Wednesday, Hull said, and a special weather statement has been issued.Environment Canada says rainfall could exceed 50 millimetres over the northern half of New Brunswick and be up to 50 millimetres in some parts of Nova Scotia.Parts of Nova Scotia are still reeling from a torrential downpour that triggered floods July 22 and killed four people, while Halifax recently had storms and flooding this past Saturday.In an online bulletin, the U.S.

Erik Karlsson to the Pittsburgh Penguins. This monumental deal has set the hockey world abuzz with excitement, signaling a significant shift in the NHL landscape and ushering in a new chapter in Karlsson's illustrious career.

(Reuters) -Dock workers in western Canada voted to accept an improved labor contract after a month-long dispute that affected trade and disrupted operations at the country's busiest ports, their union said on Friday.

Canada’s new immigration minister said he is open to “having a conversation” on concerns raised by some economists and groups on rising immigration targets amid a housing shortage, but said he still has no plans to lower them in the near future. 

Justin Trudeau’s surprise announcement that he and his wife were separating, just a week after a broad cabinet reshuffle, underscores the Canadian prime minister’s focus and intent to lead the Liberal Party into a fourth election victory, despite sagging opinion polls, pollsters and insiders said.On Wednesday, Trudeau and his wife Sophie Gregoire Trudeau unexpectedly announced their separation, likely marking the end of their 18-year-long high profile marriage. The separation is one of Trudeau’s biggest personal crises, although insiders and political commentators said he wants to ride out the aftershocks.“He’s running again,” said a source close to Trudeau, when asked whether the news of the separation might be prompting second thoughts.

Canada's Prime Minister Justin Trudeau and his wife Sophie Trudeau announced their separation after a 18-year long marriage on Wednesday. "Sophie and I would like to share the fact that after many meaningful and difficult conversations, we have made the decision to separate," Canada's Prime Minister informed via a note shared on Instagram.

The federal government is trying to reclaim nearly $350 million in insurance paid to Suncor Energy Inc. in the wake of political unrest in Libya.

Prime MinisterJustin Trudeau and his wife are separating.

The soaring cost of Canada’s housing has become a major political problem for Prime Minister Justin Trudeau as his chief rival zeros in on generational grievances over affordability.

Running a business can mean long days and tight margins, and while pandemic recovery continues, the repayment of loans racked up during the global emergency is adding to those regular stresses.

Canada’s foreign homebuyer ban is discouraging non-Canadian athletes and executives from investing in the country, which is one reason for the current sluggish pace of luxury home sales in Toronto, according to Engel & Völkers Canada.

By Steve Scherer

OTTAWA (Reuters) — Canada's economy grew by 0.3% in May, in line with expectations, as demand for services overshadowed the impact of raging wildfires on the energy sector, Statistics Canada data showed on Friday.

By Franco Terrazzano

By Steve Scherer and David Ljunggren

The Bank of Canada will not raise rates again and will start cutting a little later than previously anticipated, according to a survey of market participants released by the central bank on Monday.

By Nia Williams

Premier Tim Houston, adding that at least seven bridges would have to be replaced or rebuilt. "The property damage to homes ... is pretty unimaginable," he told a news conference.