Canada’s central bank is set to announce its monetary policy decision on Wednesday, with many experts anticipating a possible interest rate hike. If the Bank of Canada raises rates, it would mark the first increase in three years. Economists say the Canadian economy is facing two conflicting challenges. On one hand, economic growth remains weak, which would normally support cutting interest rates to stimulate the economy. On the other hand, rising oil prices are driving inflation, and the central bank may not want to wait until price pressures spread to other sectors before taking action. Ma

Former U.S. President Barack Obama has sharply criticized Donald Trump over his trade war with Canada, calling it disappointing that America’s closest ally has been targeted. Speaking at a Democratic Party campaign rally in Detroit on Sunday, Obama said Trump’s tariffs were working against his own promises to lower prices for Americans. He highlighted the automotive sector, where manufacturers in both countries rely heavily on cross-border supplies of components, warning that Trump’s tariffs would drive up costs for American consumers. Obama also praised Canadians as some of the best peo

Talks between Canada and the United States on a trade deal have reportedly gained momentum ahead of the US midterm elections in November. Sources say the White House has shown unprecedented interest in reaching an agreement over the past week, with potential progress on auto tariffs. However, a final deal is not guaranteed, given President Donald Trump and Commerce Secretary Howard Lutnick’s previous positions. Speaking at a rally in Port Huron, Michigan, on Sunday, Trump signalled that a deal could be reached soon, accusing Canada of exploiting the United States for years while claiming Ott

The United States may remove 50 per cent tariffs on certain Canadian agricultural products, according to a Wall Street Journal report. The announcement could come as early as today, potentially helping Republican candidates, including Maine Senator Susan Collins, ahead of the November 3 midterm elections. Collins has also confirmed that she secured tariff exemptions for several Canadian agricultural products important to Maine’s economy. In a post on X, she said she was pleased to secure relief for producers of key agricultural products, including blueberries, potatoes, apples and seaweed. A

Canadian supermarket chain Loblaw has warned that the personal information of nearly two million Canadians may have been affected by a cyberattack in March. The company has started notifying affected customers directly. The potentially exposed information includes names, email addresses, home addresses, dates of birth, loyalty card numbers, details of certain purchase orders and partial payment card information. However, Loblaw confirmed that passwords, health information and credit card numbers were not compromised. According to the company, suspicious activity was detected on its IT network

Canada and the European Union are expected to discuss launching a new partnership on trade and defence at a summit in Montreal next week. The talks could also include the possibility of Canada becoming an associate member of the 27-member European Union in the future. The Canada-EU summit will take place on October 29 and 30. Prime Minister Mark Carney and European Commission President Ursula von der Leyen are expected to discuss ways to reduce their economic dependence on the United States. Both sides are also discussing a potential instant payment system to enable low-cost cross-border trans

Canadian Culture Minister Marc Miller has indicated that the federal government is working to advance Bill C-34 as quickly as possible. The proposed legislation includes a ban on social media for children and the establishment of a new digital safety regulator. Speaking at a conference at McGill University in Montreal on Thursday, Miller said the government was moving forward with the bill as quickly as it could, although he did not provide a specific timeline. The legislation would be overseen by Canada's proposed Digital Safety and Data Protection Commission. Officials have previously sugges

Canadian Prime Minister Mark Carney has expressed deep disappointment over allegations that Canada is interfering in the upcoming U.S. midterm elections, particularly those made by U.S. Ambassador to Canada Pete Hoekstra. Speaking to reporters in Istanbul on Friday, Carney said the allegations had no truth to them and firmly rejected the claims. He also expressed disappointment that Hoekstra was using his role as ambassador to make such accusations. Carney stressed that Canada does not interfere in other countries' democratic processes and has no intention of doing so. The controversy follows

Canada and Türkiye have signed a new air transport agreement to increase passenger flights between the two countries. Canadian Prime Minister Mark Carney announced that trade negotiators from both countries will begin discussions in Ankara next month to lay the groundwork for a first round of free trade agreement talks. Carney said bilateral trade between Canada and Türkiye has increased by 50 per cent over the past five years, highlighting significant potential for further growth. During his meeting with Turkish President Recep Tayyip Erdoğan, Carney also signed a defence cooperation agree