City Ottawa Financial News

trade ties with the country immediately, a government source said on Tuesday. Canadian funds are also not expected to change their stance on India, the source added. Relations between India and Canada plummeted on Monday after Ottawa linked India's high commissioner and other diplomats to the murder of Sikh leader Hardeep Singh Nijjar on its soil and accused New Delhi of a broader effort to target Indian dissidents in Canada.

India ordered the expulsion of six Canadian diplomats on Monday and withdrew its own envoy from Canada, in response to what it said was Ottawa’s decision to name him and others as “persons of interest” in an investigation.India did not go into detail on the investigation, but relations have been fraught since 2023, when Canadian Prime Minister Justin Trudeau said he had evidence linking Indian agents to the assassination of a Sikh separatist leader on his territory.India has long denied Trudeau’s accusation. On Monday it dismissed Canada’s move on the inquiry and accused Trudeau of pursuing a “political agenda.”“We have no faith in the current Canadian Government’s commitment to ensure their security.

It was underlined that in an atmosphere of «extremism and violence», the Trudeau Government's actions endangered their safety, said MEA. The statement further said, «We have no faith in the current Canadian Government's commitment to ensure their security. Therefore, the Government of India has decided to withdraw the High Commissioner and other targeted diplomats and officials.»

The Canadian government isn’t the only one looking to tap into billions of dollars invested by the country’s largest pensions.

sentenced in Michigan in the fall of 2021 for using shell companies to illegally export sensitive manufacturing equipment to Iran, where they were born.They then returned to Ontario, where they had lived prior to their arrests, and applied to change their names to Ameen and Aurash Cohen. The province granted their requests in April 2022.At the time they altered their identities, they were still serving out part of their sentences — a one-year period of supervised release, a form of parole, government records show.Using his new name, Arash Yousefijam, 36, became a registered dentist and went to work in Ottawa as Dr.

Hopeful Canadian homebuyers may well have their pick of the litter when it comes to condos in many housing markets across the country, a new report from Re/Max Canada shows.

Emotional mourners gathered by the hundreds in cities across Canada on Sunday to honour the victims of Hamas’s Oct. 7 attack on Israel that sparked the still raging war in Gaza and roiled tensions in the Middle East and beyond.

By Paul Deegan and Kevin Lynch

By Lawrence Solomon

Pascale St-Onge is set to make history by becoming the first openly lesbian cabinet minister to take parental leave when her wife gives birth in the coming weeks.“I’m not someone who really likes to talk about myself or my personal life either,” St-Onge said in an interview with The Canadian Press.The Quebec MP said she decided to speak publicly about her parental leave because she has “a responsibility to continue the fight” for LGBTQ rights.St-Onge smiled as she described “the joy” of soon welcoming a baby into her life, which she described as “an incredible experience that many humans go through and that some take for granted.”Her wife’s pregnancy is going very well, St-Onge said, with a due date in November. The timing, though unplanned, is almost perfect as the House of Commons will rise for the holidays in mid-December, she added.St-Onge plans to leave Ottawa and work virtually starting in early November.

Ottawa’s Han Langenbahn has a daily ritual of checking the weather forecast in Brazil.

Controversy broke out last week over a proposal from Brookfield Asset Management Ltd., the investment company, to create a $50-billion fund that would include pension and federal government money to invest in Canadian equities. Much of the uproar was focused on a conflict of interest for Brookfield senior executive, Mark Carney, who was recently appointed by Prime Minister Justin Trudeau to provide advice on economic policy.

In all my years of covering the mortgage scene, I can’t recall a month so jam-packed with mortgage rule easing.

The corporate quest for profit via real estate holdings is exacerbating Canada’s rental affordability crisis, according to a report from Canadians for Tax Fairness.

The population growth rate continues to grow at a decent pace despite showing signs of a slowdown in the latest quarter, according to Statistics Canada data released Wednesday.

The Liberal government’s latest efforts to make it easier for young Canadians to buy a home will also help fix the housing supply crunch, Finance Minister Chrystia Freeland argued Tuesday.

Will someone please offer Prime Minister Justin Trudeau a job? Preferably, a nice sinecure at an NGO in another country that’s subsidized by Liberal donors.

They say good news comes in threes. I don’t know if that’s true or if it’s from the same school of science as astrology, but it happened this week with mortgages.

Canada abstained today from a high-profile United Nations vote demanding that Israel end its “unlawful presence” in the Gaza Strip and the occupied West Bank within a year.

The federal government is again cutting how many international student permits Canada will issue, this time for 2025 and laying out the plan for 2026, Immigration Minister Marc Miller and Labour Minister Randy Boissonnault announced Wednesday.

The creation of a multi-billion-dollar investment fund seeded with federal government money and designed to attract additional investments from Canada’s large pension plans is among ideas put forward as former Bank of Canada governor Stephen Poloz pursues his mandate to help Ottawa find ways to direct pension billions into the Canadian economy, according to two sources with knowledge of the proposal.