Page 38 - Canada

Former Canadian prime minister Brian Mulroney dies at age 84, says daughter

Former Canadian prime minister Brian Mulroney is dead at the age of 84, his daughter said in a social media post Thursday. The country's 18th prime minister died peacefully and surrounded by family, Caroline Mulroney said in a post on X, formerly known as twitter. Mulroney's family said last summer he was improving daily after a heart procedure that followed treatment for prostate cancer in early 2023. Mulroney, who headed the Progressive Conservative party, soared to the largest majority mandate in history when he was elected in 1984. He entered the job with massive support, but he left with the lowest approval rating in the history of polling. Mulroney lived in Montreal.

Canada updates post-graduation work permit regulations; details here

The Canadian government has implemented restrictions on PGWPs from provinces that permit public colleges to license their curriculum for delivery by affiliated private colleges

Working to airdrop aid to Gaza Strip as soon as possible, says Canada

Canada is working to airdrop humanitarian aid to the Gaza Strip as soon as possible, a cabinet minister said on Wednesday. The confirmation that an active effort is underway comes after Canadian International Development Minister Ahmed Hussen said Ottawa was exploring new options to deliver aid. He said the provision of airdrops in partnership with like-minded countries in the region, such as Jordan, was on the table. Hussen said last week that the provision of aid is nowhere near what's needed and a tedious inspection process was slowing down the movement of supplies brought in by truck. He made the comments following a trip to the Rafah border crossing, the only way in or out of the Gaza Strip since the Israel-Hamas war began in October. Canada has put CAD 100 million (USD 74 million) toward aid for the besieged territory since the start of the conflict, including CAD 40 million (USD 30 million) committed in January.

Canada sells first bond worth $3 bn in program that allows nuclear finance

The 10-year bonds have a 3.5% coupon and yield half a basis point less than Canadian government debt due in December 2033

India, Canada discuss collaboration in science, technology sector

India and Canada on Wednesday discussed collaboration as well as joint ventures in areas like electric vehicles, cyber physical system, quantum technologies, green hydrogen fuel and deep ocean mining. A high-level Canadian delegation led by Scott Moe, Premier of Saskatchewan province, held discussions with Science & Technology Minister Jitendra Singh on partnerships in areas such as clean technologies, bioeconomy, bio-based materials for different applications, food & agriculture technologies, affordable healthcare including pharmaceuticals and biomedical instrumentation. Singh categorically mentioned 'Global Biofuels Alliance' (GBA), an initiative by India as the G20 Chair last year, bringing together the biggest consumers and producers of biofuels to drive development and deployment of biofuels. Welcoming the Canadian delegation, Singh said 23 lakh Indian diaspora were reinforcing Indo-Canadian relations and contributing to the development of both the nation. Moe said the ...

India's lentil imports from Canada surge despite diplomatic strains

After Trudeau's comments, Indian lentil buyers slowed purchases from Canada, fearing that New Delhi or Ottawa could impose barriers on trade

Canada's rate of inflation slows, boosts bets on early interest rate cut

The January inflation figure "will certainly raise the odds on an April rate cut," said Karl Schamotta, chief market strategist at Corpay

How Canada's latest post-graduation work permit tweak impacts Indian students

Students of masters programs of even 1 (one) year will now be eligible for post graduation work permit for 3 years.

Canada Police form team to investigate extortion cases targeting S Asians

A national team of police forces has been formed in Canada to coordinate investigation and information sharing about extortion cases targeting South Asian people and businesses

GM, Panasonic sign investment deals with Canadian graphite producer

GM and Panasonic have each committed to purchase 18,000 metric tons of active anode material annually over a period of six to seven years, Nouveau Monde Graphite said in a statement Thursday

RBC's US unit cuts about 100 jobs after financial losses, regulatory fine

RBC had injected about $2.95 billion into the US unit in October to bolster its capital, as a part of management actions to improve profitability at City National

India-Canada trade registers growth of 18.84% in 2023: Govt data

India-Canada trade in goods was USD 8.2 billion in the first 10 months of 2023 as against USD 6.9 billion in 2022, registering a growth of 18.84 per cent, according to the government data provided in Lok Sabha on Friday. India's exports to Canada in 2023 (January to October) was USD 4.1 billion as against USD 3.76 billion in 2022 and the growth was estimated at 9.04 per cent, showed the data furnished by Minister of State for External Affairs V Muraleedharan. The statistics came amid a severe downturn in ties between the two countries. "As per the available data, our bilateral trade with Canada and exports to Canada have registered an increase in 2023, compared to the volume of trade and exports in 2022," he said. The minister provided the details while replying to a question. India-Canada relations came under severe strain following Canadian Prime Minister Justin Trudeau's allegations in September last year of a "potential" involvement of Indian agents in the killing of Khalistan

Govt strongly rejects charges of interference in Canadian elections

India on Thursday strongly rejected as "baseless" allegations of its interference in Canadian elections and asserted that the core issue has been Ottawa's meddling in New Delhi's internal affairs. According to Canadian media reports, Canada's federal commission of inquiry into foreign interference is looking to examine allegations of meddling by India in the last two general elections. "We have seen media reports about the Canadian commission enquiring into ...We strongly reject all such baseless allegations of Indian interference in Canadian elections," External Affairs Ministry Spokesperson Randhir Jaiswal said. The Canadian federal commission's terms of reference is primarily to examine the possible interference by China, Russia and other foreign states or non-state actors in the 2019 and 2021 federal elections, the CTV News reported. "It is not the government of India's policy to interfere in democratic processes of other countries. In fact, quite on the reverse, it is Canada .

Canada extends ban on foreigners buying residential real estate to 2026

Prime Minister Justin Trudeau's government acted to prohibit non-Canadians from buying residential real estate in 2022, with the measure to expire on Jan. 1, 2025

Total Solar Eclipse 2024: When and how to watch this rare celestial event

A rare celestial event is about to occur on April 8, 2024. The eclipse can pass from Canada, the United States, and Mexico and then it will move towards North America

TMS Ep622: Go First acquisition, Canada's restriction, Paytm, Rabbit r1

Can SpiceJet's Ajay Singh make Go First fly again? Who will gain from Canada's restrictions on overseas students? Is there more pain ahead for Paytm stock? What is Rabbit r1? Answers here

Canada braces for possible wave of business bankruptcies amid slowdown

There were about 1.2 million small businesses with employees in Canada in 2021 and contributing over a third to the country's gross domestic product, according to the latest official data

Bank of Canada holds key rate at 5%, signals it's done with hikes

"If the economy evolves broadly in line with the projection we published today, I expect future discussions will be about how long we maintain the policy rate at 5%," Macklem said

Explained: Why Canada has put curbs on foreign students' visa

Canada announces cap on new international student permits. Watch the video to know about the curbs and how it will affect overseas students

Plane carrying mine workers crashes in Canada, multiple deaths reported

The incident happened on Tuesday, and the Northwest Territories coroner also said that there were fatalities in the crash but did not specify the number