With Millions Of Mortgages Coming Due, Finance Minister Expects Banks ‘to Work With’ Canadians
On Sunday, Freeland said on Rosemary Barton Live, “I hear most people worry about interest rates right now, especially people who have mortgages and are concerned about the renewal of their mortgages.” According to Royal LePage research, almost three million…
Major Canadian grocer says expanded price freezes will happen amid new plans to stabilize food prices
Despite promises by the federal government to reduce inflation and the rising cost of living for Canadians, major retailers in Canada did not clarify whether they were committed to special deals to stabilize grocery prices a month ago. “This is…
Facing The Need To Cut Some Spending, the Defense Minister Says More Must Be Spent On ‘Right Things’
Defence Minister Bill Blair says that even though the Canadian military already faces millions of dollars in budget cuts, more money must still be spent in strategic areas to increase military capability and readiness. Blair stated that the federal government…
No Canadians approved to leave Gaza on Friday were able to exit: Global Affairs
Early on Friday, the daily list of foreign nationals authorized to depart for Egypt via the Rafah border crossing included 266 Canadian citizens, permanent residents, and their families. The Palestinian administration, in collaboration with the governments of Egypt and Israel,…
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…