Finance Committee MPs Ask Federal Government To Reject RBC-HSBC Deal
The finance committee of the House of Commons has requested Ottawa to reject the Royal Bank of Canada’s $13.5 billion acquisition of HSBC’s domestic subsidiary, citing a lack of competition in the country’s banking industry. The committee’s findings, released late…
Stabilizing Canada’s immigration targets to support sustainable growth
Immigration propels the Canadian economy and ensures its future prosperity. As we continue to face an aging population and severe labor shortages in important industries such as health care, transportation, and house construction, immigrants are essential to promote innovation, develop…
Canada Announces New Measures To Strengthen International Student Integrity
Marc Miller, Canada’s immigration minister, recently promised an increase in the integrity of international student programs. The minister stated unequivocally that he is opposed to setting a quota on new foreign student intakes. However, to reduce international student fraud, the…
Freeland Announces Steps To Make Banking More Affordable And Create A Complaints Mechanism
Finance Minister Chrystia Freeland revealed various initiatives the federal government is doing to make banking more inexpensive, some of which are a continuation of vows made in the spring budget. According to Freeland, she has directed the Financial Consumer Agency…
Canada Could Lead The World In Oil Production Growth In 2024
By the end of 2024, the nation may produce 5.3 million barrels per day (bpd) of petroleum, up from the current production of 4.8 million bpd, according to S&P Global Commodity Insights. That would be a record-breaking amount of production…
Canada News Industry Body Backs Google’s Concerns About Online News Law
On Thursday, a group representing the Canadian news business agreed with some of Google’s worries on a new rule that seeks to require big internet companies to split advertising revenue with local news publishers. News Media Canada (NMC) asserts that…
Coalition Of Leading Industry Stakeholders Voice Continued Support For Vital Canadian Payments Act Amendments
Prominent figures within Canada’s payments sector persistently exhibit a united front in favor of modifications to the Canadian Payments Act aimed at augmenting Payments Canada’s membership. This support was demonstrated in a joint letter to the Minister of Finance, multiple…
Canadian Diplomats Remain In India As Withdrawal Deadline Passes
Even though the Indian government gave Canada until Tuesday to reduce its diplomatic presence, discussions between Canada and India on the future of several dozen Canadian ambassadors in New Delhi are still ongoing. Justin Trudeau, Canada’s prime minister, stated that…
Canada Needs Fast Action on Green Finance Taxonomy
The Government of Canada has committed billions of dollars in efforts to mitigate the consequences of climate change and promote sustainable economic growth to attain net-zero emissions by 2050. Despite this, the 2022 Federal Budget estimates that Canada will need…
Trudeau Dials Uae President To Discuss India-Canada Row, Points Out At ‘Importance Of Upholding Law’
Amid tense diplomatic relations, Canadian Prime Minister Justin Trudeau claimed on Sunday that “upholding and respecting the rule of law” was a topic they discussed with the President of the United Arab Emirates Sheikh Mohamed bin Zayed Al Nahyan. In…