Canadians in a financial emergency amid a perfect storm of inflation, interest rates
According to data performed by Canada’s Financial Wellness Lab and the National Payroll Institute, the number of persons experiencing financial stress has increased by 20% in the previous year, accounting for 37% of those with jobs. Inflation, high interest rates,…
Justin Trudeau Accused Of Trying To Crush Free Speech In Canada
Justin Trudeau is accused by Elon Musk of suppressing free speech: This past Friday, the Canadian Radio-television and Telecommunication Commission (CRTC) unveiled its proposals to “modernize Canada’s broadcasting structure. The businessman and internet billionaire Elon Musk claims that Justin Trudeau…
One-in-four new UK homeowners opt for ‘marathon mortgages’ to cut payments
Experian reports that to reduce monthly payments, a quarter of young homeowners with new mortgages have chosen to pay it back over 35 years or more. A credit data business analysis revealed that between January and March of this year,…
Minimum wage rises in six provinces, but is it enough?
The minimum wage in six Canadian provinces has been raised to $16.55 an hour, a move that is expected to help address the cost-of-living crisis that is increasing food bank visits and economic worry. However, supporters argue that the raises…
Canada Still Committed To Closer Ties With India, Despite Allegations: Justin Trudeau
The murder of Nijjar, according to Justin Trudeau, the prime minister of Canada, was orchestrated by the Indian government. In response to Ottawa’s expulsion of an Indian official, India, however, rejected the accusations as “absurd” and “motivated” and removed a…
Ottawa Rolls Out Voluntary Code Of Conduct For Ai As ‘fear’ Persists Over Its Use
A voluntary code of conduct for the use of advanced generative AI, driven by OpenAI, has been released by Canada. As technology advances, self-imposed safety measures are designed to foster trust and safety. The effort has attracted executives from a…
Canada Commits C$3bn Export Financing To Romania Nuclear Plant
The Canadian government has agreed to lend C$3 billion in export financing to a Romanian nuclear energy company as part of a deal to support the building of two new reactors in the nation. Nuclearelectrica will collaborate with Canadian firms…
Trudeau expects Canadian interest rates to come down by mid-2024
Canadian Prime Minister Justin Trudeau anticipates that interest rates will begin to fall by the middle of next year, in line with recent Reuters poll projections, albeit recent economic data has made the central bank more hawkish. “We’re confident that…
Zelenskyy visits Canada, addresses Parliament as PM pledges $650M in Ukraine Aid
In a joint session of Parliament, Ukrainian President Volodymyr Zelenskyy thanked Canada for its sustained support for his country while it defended itself against Russia’s invasion. His address was the highlight of his tour to Canada, and he used it…
Canada’s Gdp Flat In July, Despite Population ‘exploding’
According to a Reuters poll, the July number is somewhat lower than the 0.1 percent gain expected by economists. According to preliminary estimates, GDP increased by 0.1 percent in August, with gains in wholesale trade, banking, and insurance partially offsetting…