City Ottawa Financial News
17.01 / 07:33
Target
Election
community
SPY
country
‘No consequences’: Canadian Sikhs allege widespread threats, spying by India
foreign interference inquiry on Thursday describe widespread threats and harassment of Canadian Sikhs by the government of India, much of it coordinated by diplomatic missions.Witnesses told the Hogue Commission behind closed doors India had threatened their families, spied on temples and meddled in Canada’s elections, according to the newly unsealed documents.India “interferes in Canada because there is no reason not to,” one witness told the commission, adding that “the Canadian government has been largely impotent in the face of interference.”“There have been no consequences.”The documents summarize hundreds of written submissions received from Canadians during public consultations and meetings with more than 100 members of diaspora communities.They included Chinese, Iranian and Ukrainian participants, but the statements of Sikh Canadians are particularly noteworthy, providing a community-level view of the alleged tactics of the Indian government.Indian foreign interference has seen “an acceleration” since Prime Minister Narendra Modi came to power in 2014, with high-ranking officials vowing that “dissidents in other countries would be eliminated,” one witness said.Canada has labeled India the second most serious foreign interference threat to the country, behind only China.
16.01 / 19:21
UPS
Racing
Election
country
mountaineering
Could Canada's oilpatch trust another Liberal? Here's how the PM contenders stack up
Prime Minister Justin Trudeau‘s decision to step down in March will mark the end of a tumultuous era in the Canadian oilpatch that put the country’s energy sector on a collision course with a growing climate movement, the rise of green investing and organized political opposition to pipelines.
16.01 / 19:21
markets
Career
Election
Universities
reports
Department
Who is Mark Carney, the man who could be Liberal king?
Last month, former Bank of Canada governorMark Carney appeared poised to become the country’s next finance minister. Now, he has an even bigger post in his sights.
16.01 / 14:17
UPS
Fox
Pride
social
Interviews
Sporting
Ontario business struggles to keep up with demand for ‘Canada is not for sale’ caps
A local Ontario company responsible for the now-viral hat Doug Ford wore to a meeting with Canada’s Prime Minister and premiers to discuss Donald Trump’s tariff threat says the impact of Ford promoting its product has been “totally overwhelming.”
15.01 / 18:39
COST
UPS
Target
Manufacturing
President
band
'A disaster:' Auto sector cries foul after Ottawa ends EV rebates but keeps sales mandate
A day after the federal government announced that its rebate program to lower the cost of electric vehicles had run out of funding, the auto sector is banding together to renew its calls to eliminate EV sales mandates.
15.01 / 17:07
UPS
security
Mobile
wellness
students
reports
Black Hawk helicopters, drones are part of Canada’s new border security plan
Black Hawk helicopters that will be used to help patrol the border.“We have deployed 60 new drones along our border with the United States, and we will be deploying additional surveillance towers. We are acquiring new technology such as x rays, mobile x rays, and handheld chemical analyzers.
15.01 / 05:29
Racing
economy
Election
President
show
politician
Justin Trudeau is leaving a job no one seems to want, except Mark Carney
Subscribe to enjoy similar stories. OTTAWA-Since Justin Trudeau said he would resign as prime minister, one Canadian politician after another has looked at running to lead the Liberal Party into new elections that polls show it will lose badly and said: “Not me." Now a prominent name is finally hinting he will run-Mark Carney, a familiar face to the world of finance as the former governor of both the Bank of Canada and the Bank of England and current chairman of Brookfield Asset Management. In an appearance Monday night on the Daily Show, he suggested "without mentioning his potential candidacy" that the party could benefit from an outsider with experience in economics and finance to help guide the Canadian economy at a precarious moment, given the threat by President-elect Donald Trump to slap a 25% tariff on all Canadian imports.
09.01 / 23:41
Provident
Racing
CRA
Election
Bill
inclusion
Department
Ottawa must axe capital gains changes amid uncertainty: Canadian chamber
The Canadian Chamber of Commerce is calling on the federal government to restore clarity to the upcoming tax filing season by pre-emptively nixing its proposed changes to capital gains taxes.
06.01 / 18:35
Waves
Fighting
Election
reports
shock
International
Prime Minister Justin Trudeau says he will resign after Liberals choose new leader
OTTAWA — Justin Trudeau said he will resign as prime minister and leader of the Liberal party following a leadership contest, after months of growing calls from within the Liberal caucus that he step down for the good of his party.
06.01 / 18:35
06.01 / 10:19
markets
Photos
social
reports
Videos
Scandals
Amid Canadian PM Justin Trudeau's resignation buzz, a look at his scandal-plagued tenure
Justin Trudeau is likely to announce his resignation as leader of the Liberal Party as early as Monday, news agency Reuters reported citing The Globe and Mail. Justin Trudeau has been under pressure from elected lawmakers in his party to quit for months- and it escalated further when Chrystia Freeland, his finance minister, quit on December 16, saying she and the prime minister were at odds on policy.
04.01 / 06:07
02.01 / 17:33
COST
UPS
economy
Matthews
Bill
stage
Matthew Lau: Federal tax policy will not be kind to Canadians in 2025
Federal tax policy was not kind to Canadians in 2024. That shouldn’t be a surprise: it wasn’t kind to Canadians in 2023 or 2022, either, or in any year since 2016, when the Trudeau government established a new income tax bracket of 33 per cent, with the result that today, the combined federal and provincial top tax rate is over 50 per cent in every province except Alberta (48.0 per cent) and Saskatchewan (47.5 per cent).
02.01 / 17:33
Target
security
economy
Forrester
Trade
War
country
trump tariffs
Oilpatch wary as Ottawa, provinces threaten energy exports in retaliation over Trump tariffs
The news that United States president-elect Donald Trump could slap a 25 per cent tariff on Canadian goods upon taking office in January sent a jolt of alarm through the entire Canadian economy, but the alarm in the oilpatch has only deepened as Ottawa and the provincial governments threaten to target energy exports in retaliation.
01.01 / 09:05
31.12 / 06:49
Man
DNA
community
Universities
Investigations
Vancouver man charged with murder in 1996 Ottawa cold case killing
A Vancouver man has been charged with second-degree murder in a decades-old Ottawa cold case police say they cracked using cutting-edge DNA technology.
27.12 / 18:55
Target
security
students
country
travelers
Colleges
Investigations
India alleges international students being trafficked through Canada to U.S.
Indian law enforcement agencies say they are investigating alleged links between dozens of colleges in Canada and two “entities” in Mumbai accused of illegally ferrying students across the Canada-United States border.A news release Tuesday from India’s Enforcement Directorate — a multi-disciplinary organization that investigates money laundering and foreign exchange laws — said a multi-city search has revealed “incriminating” evidence of “human trafficking.”The allegations have not been tested in court. The federal government, the RCMP, and Indian high commission in Ottawa, and multiple Canadian college officials did not immediately respond to requests for comment.The U.S.
27.12 / 17:17
markets
economy
Remark
Dreams
Trade
Department
Schools
Pierre Poilievre — take note of Liz Truss's ensnarement: How FP columnists saw it in 2024
During their debate Joe Biden and Donald Trump engaged in silly finger-wagging about who had expanded the deficit most. But neither had any sort of plan to deal with mounting deficits and mountainous debt. Consolidated government gross debt has reached 123 per cent of U.S. GDP, heading for 134 per cent in 2030. With rising interest rates, Democrats’ devotion to more spending and Republicans’ to tax cuts means the debt can only rise, and with it the likelihood of financial stress. That incumbent governments are floundering should surprise no one. This week it’s happening in the U.K. and France. This fall and next year it may happen in the U.S. and Canada. You mess up economically and voters punish you. To paraphrase Bill Clinton: “It’s almost always the economy, stupid.” —
26.12 / 18:53
20.12 / 15:11
UPS
Provident
Election
reports
Department
Canada Pension Plan report is out — but the big question remains unanswered
EDMONTON — Alberta Premier Danielle Smith says the province has heard back from Canada’s chief actuary on its bid to leave the Canada Pension Plan but says there’s no estimate on how much the province should get.
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