Canada Set to Announce New Measures to Restrict Uncapped Immigration Programs
The Canadian government is planning to introduce new measures to limit temporary immigration and has decided not to move forward with a broad program that would grant legal status to undocumented residents, according to a report by Reuters. Marc Miller,…
Ottawa Allocates Over $192 Million for Clean Energy Projects in Nova Scotia
The Canadian government provides over $192 million to support six clean energy projects in Nova Scotia. This funding is part of the province’s effort to move away from coal and transition to renewable energy by 2030. Federal Energy Minister Jonathan…
Bank of Canada Cuts Key Interest Rate to 4.5% for Second Consecutive Time
The Bank of Canada (BoC) has recently reduced its key interest rate by 25 basis points, bringing it down to 4.5%. This is the rate at which banks borrow money from each other. As a result, banks are expected to…
Bank of Canada to Address Slowing Inflation with Expected Rate Cut
The Bank of Canada is expected to lower its key interest rate again this Wednesday, following slower inflation. The reason behind this is weak consumer spending and a sluggish economy. Last month, the bank cut the rate by 25 basis…
Canada Faces News Blackout as Facebook Shuts Off News Access
Canada passed the Online News Act last June, which was supposed to make the digital news marketplace fairer. The law aimed to require tech giants like Google and Meta (Facebook and Instagram’s parent company) to pay news outlets when their…
Toronto Hit by Heavy Rain: Floods Cause Power Cuts and Traffic Disruptions
Severe rainstorms in Toronto, Canada’s financial hub, have resulted in widespread flash flooding, power outages, traffic delays, and airline service disruptions. Numerous online videos show public spaces submerged in water, demonstrating the extent of the flood. On Tuesday, Toronto experienced…
Scientists Discover Hidden Microcontinent Beneath Greenland and Canada
A significant geological discovery has been made in the Davis Strait, which lies between Greenland and Canada. Scientists have discovered a new microcontinent called the Davis Strait proto-microcontinent. It provides important information about the earth’s tectonic history and the processes…
Canada’s Inflation Drops to Lowest in Three Years, Fueling Speculation of June Rate Cut
Canada’s annual inflation rate fell to 2.7% in April, the lowest in three years, as shown by data released on Tuesday. This decline has increased the likelihood of an interest rate cut by the Bank of Canada in June. In…
Infosys Faces Heavy Fine of Rs 82 Lakh in Canada Over Alleged Tax Underpayment.
Infosys, an Indian IT company, is facing a big fine in Canada. The government there, led by Prime Minister Justin Trudeau, is making them pay over 1.34 lakh Canadian dollars. That’s roughly INR 82 lakh in Indian currency. The reason…
Thousands Evacuate as Wildfire Ravages British Columbia, Canada
A big fire is spreading quickly in northeastern British Columbia, Canada. Thousands of people have been told to leave their homes. Even though the weather is improving, officials still ask everyone in that area to go. The fire started on…