Page 38 - Canada

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

How Canada's international student cap will impact India

Over 41 per cent or 225,835 - of all permits were handed over to Indians in the year 2022. Additionally, around 300,000 Indian students went to Canada in 2023 alone.

Canada imposes 2-year cap on student visas, reducing new visas by 35%

Around 300,000 Indian students went to Canada last year and made up 41% of student permits in 2022

Canadian govt announces two-year cap on number of student visas: Report

For 2024, the federal government aims to approve 3,60,000 undergraduate study permits, reducing the number by 35 per cent from 2023

Study permits to Indians in Canada plummet 86% after Nijjar killing row

The India-Canada row had begun after Canada Prime Minister Justin Trudeau, in September, had alleged India's role in the killing of the Khalistan terrorist Hardeep Singh Nijjar on Canadian soil

From the US to France: Here's how the world is celebrating Ram temple

From the United States to France and Australia, festivities to mark the historic occasion have been arranged all across the world

Canada plans cap on int'l students amid housing crisis, unemployment

Miller said he will be looking at the possibility of setting a cap on international students to help reduce the demand for housing in both the first and second quarters of this year

A happy life: 2 movies on pursuit of happy life and distractions in between

'Past Lives' and 'Three of Us' celebrate the pragmatism of love over the heady impulsiveness of romance

Will ensure travel is secure: Trudeau as he recalls air disasters' victims

Canadian Prime Minister Justin Trudeau remembered the victims of air disasters, including those of the Air India Flight 182, which was blown off mid-air in 1985, as the country marked the national day for remembrance of air disaster victims. The Air India (Kanishka) Flight 182, bound for London after picking up passengers in Toronto and Montreal, disappeared from radar off the coast of Ireland on June 23, 1985. A bomb - planted on the plane in Canada in an act of terror - exploded on board, killing all 329 people on board, including 280 Canadians. In a statement issued on National Day of Remembrance for Victims of Air Disasters, Trudeau said, "We solemnly remember the victims of all air disasters, including Ukraine International Airlines Flight 752 (Flight PS752), Air Ontario Flight 1363, Ethiopian Airlines Flight 302, and Air India Flight 182." As we pay tribute to the victims of air disasters, we offer our deepest condolences to the families and friends who have lost loved ones,"

Honda considers $14 billion plan for EV production plant in Canada: Report

Canada's industry minister's office said that reports about Honda looking to make a significant investment in Canada speaks to the quality of the country's workforce and the strength of its industry

US and other countries warn Houthis against further attacks in Red Sea

They called the attacks "illegal, unacceptable, and profoundly destabilising."