Bank of Canada Governor Tiff Macklem has warned that US tariffs and Canada’s retaliatory measures will have a devastating impact on the economy, potentially derailing growth and causing inflation to rise again. Speaking at an event hosted by the Mississauga Board of Trade and the Oakville Chamber of Commerce on Friday, Macklem emphasized that the economic shock from the tariffs would be significantly different from the shock caused by the Covid-19 pandemic. He explained that the tariffs would permanently reduce Canada's output, a blow greater than that of the pandemic. Additionally, Macklem

Opposition is intensifying against Indo-Canadian candidate Viresh Bansal, who is contesting the Ontario provincial election. Vicky Dhillon, the Ontario Liberal Party candidate from Brampton East, has also launched a campaign against Bansal. Dhillon has written a letter to the party, urging that Bansal be removed as the Liberal Party candidate for the Oshawa riding. Dhillon stated that Bansal's comments are inexcusable. He criticized Bansal for not only verbally attacking various communities, including the Sikh community, but also for using offensive language against federal NDP leader Jagmeet

Punjab Congress state president Amarinder Singh Raja Warring has announced that the Congress party in Punjab will field at least 60-70 new faces for the 2027 assembly elections. Reports indicate that Warring made these remarks during a state executive meeting of the Punjab Youth Congress. He emphasized that only two years remain before the next elections, urging party members to prove their worth by addressing the concerns of the people and standing firmly for their rights. It is noteworthy that Warring’s statement about introducing a significant number of new candidates could potentially c

US tariffs on Canada could take effect on March 4, according to Public Safety Minister David McGuinty. The minister indicated that despite efforts by the federal government to strengthen border security and combat drug trafficking, there is no guarantee that Canada will be able to avoid tariffs imposed by the Trump administration. In an interview, McGuinty emphasized that the steps Canada is taking to address these issues will not stop. He stated that the federal government will continue to enhance border security measures. It is worth noting that earlier this month, President Trump postponed

Canada’s main opposition leader, Pierre Poilievre, has criticized Liberal Party leadership candidate Mark Carney, claiming that Carney’s leadership could lead to the disappearance of Canada’s steel sector jobs. Poilievre alleged that US President Donald Trump aims to move Canada’s steel jobs to the United States and that Carney would facilitate this shift. The Conservative Party leader accused Carney of advising Prime Minister Justin Trudeau since 2020 and supporting policies that have negatively impacted millions of Canadians while allowing jobs to flow to the US. He further argued t

US President Donald Trump has claimed that he canceled $21 million in funding allocated for India. He suggested that the previous US administration may have used this funding to influence the election of a leader other than Prime Minister Narendra Modi in India. Trump questioned the reasoning behind the United States providing financial support to increase voter turnout in India, especially considering India’s strong economy. He indicated that this funding might have been intended to support another political figure and stated his intention to share further details with India. Meanwhile, In

The Senate on Thursday narrowly voted to confirm Kash Patel as director of the FBI, moving to place him a top the nation's premier federal law enforcement agency despite doubts from Democrats about his qualifications and concerns he will do Donald Trump's bidding and go after the Republican president's adversaries. A Trump loyalist who has fiercely criticized the agency, Patel will inherit an FBI gripped by turmoil as the Justice Department over the past month has forced out a group of senior bureau officials and made a highly unusual demand for the names of thousands of agents who participat

Shiromani Gurdwara Parbandhak Committee’s executive body, which met here on Friday, did not accept the resignation of SGPC president Harjinder Singh Dhami and urged him to reconsider his decision. In this matter, a five-member committee of the members of the Interim Committee has been formed, which will soon meet Advocate Dhami and urge him to withdraw his resignation. After the meeting, the members of the Interim Committee met Jathedar Giani Raghbir Singh of Sri Akal Takht Sahib. Shiromani Committee Chief Secretary Kulwant Singh said that in the meeting with Giani Raghbir Singh, the juris

Canada defeated its archrival the United States 3-2 in overtime in the 4 Nations Face-Off final on Thursday night in what was an emotionally-charged affair for players and fans alike. The rematch between the two sides was intense, although it did not consist of three fights in the opening nine seconds, as the preliminary round game in Montreal did last Saturday, a 3-1 win for the Americans. Connor McDavid scored the game winner, while Nathan MacKinnon and Sam Bennett scored in regulation for Canada. Brady Tkachuk and Jake Sanderson replied for the U.S. The Canadian national anthem was booed l