Canada and its G7 allies have agreed to release 100 million barrels of oil from emergency reserves to help ease surging global oil prices. A significant portion of the supply will be diesel, as prices for the fuel have reached record levels in Canada, the U.S. and other countries. Canada’s average diesel price stood at around $2.63 per litre on Thursday, while prices in major cities such as Vancouver were close to $2.71 per litre. The higher costs have placed additional financial pressure on truck drivers and farmers. Canada, the United States, the United Kingdom, France, Germany, Italy, Jap

Conservative Leader Pierre Poilievre says his party will introduce an Emergency Fuel Relief Motion in Parliament next week to provide relief from high diesel prices. Poilievre said Canadians are currently paying about 41 cents more per litre than the global average and 32 cents more than Americans, adding to the financial pressure on farmers, businesses and families. He blamed the Liberal government for delaying and blocking energy projects over the past 11 years, saying Canadians are now facing the consequences. The Conservatives say they will push for a vote on their Emergency Fuel Relief Pl

Canada has asked the Indian government to arrest and extradite Simranpreet Panesar in connection with the historic $22-million gold heist at Toronto’s Pearson International Airport. Peel Regional Police believe the former Air Canada employee was a key figure in the alleged conspiracy and misused his position at the airline’s cargo warehouse to help steal the gold. According to a National Post report, India’s Enforcement Directorate (ED) is separately investigating Panesar in connection with a hawala network, and he is currently barred from leaving the country. Canadian authorities are se

The Bank of Canada may raise its policy interest rate this month as inflation risks continue to grow. UBS Global Research expects the central bank to increase the rate by 0.25 percentage points at its upcoming meeting, following seven consecutive decisions to hold it at 2.25%. UBS economist Abigail Watt expects another 0.25-point increase in January, taking the policy rate to 2.75%, which she considers the midpoint of the bank’s neutral range. Rates could then remain unchanged for an extended period. The forecast marks a shift from earlier expectations that the Bank of Canada would leave rat

Canadian colleges and universities are seeing a sharp increase in domestic student enrolment as the federal government tightens restrictions on international students. According to the latest Statistics Canada data, the number of international students fell by 39,600, or 6.9 per cent, in the 2024-25 academic year — the largest decline since the 1990s. In contrast, domestic enrolment increased by 37,626 students, marking the fastest growth in 15 years and bringing domestic enrolment back to 2010-11 levels. Experts say the rise in Canadian students is providing some relief to post-secondary in

U.S. Trade Representative Jamieson Greer said outstanding trade issues with Canada remain difficult to resolve, signalling that Ottawa and Washington are not close to an immediate agreement. Speaking to reporters Thursday at the conclusion of the G20 trade ministers’ meeting in Milwaukee, Greer said technical discussions with Canada are continuing but several issues remain unresolved. Canadian International Trade Minister Maninder Sidhu also held an informal meeting with Greer on the sidelines of the G20 gathering. Sidhu said he raised Canada-U.S. trade tensions and other issues, including r

Prime Minister Mark Carney has signalled that Canada could begin a controlled increase in immigration after bringing the country’s immigration system back under control. In another part of an interview with a private broadcaster, Carney said the immigration system is now under control and that the next question is how to begin a controlled increase in the country’s population. His comments come exactly one month before the government is expected to announce its immigration targets for the next three years. The previous three federal immigration plans focused on reducing the number of newco

The RCMP in Quebec has charged 16 people following an investigation into a major cocaine trafficking network allegedly operating in the province. Police said the operation, known as Project Chrome, began in 2022 with significant assistance from the Canada Revenue Agency. Investigators allege the organization operated an illegal gaming house in Montreal and used proceeds from drug trafficking to renovate properties linked to the group and launder money. During searches, police seized 14 kilograms of cocaine, more than $145,000 in cash and assets valued at over $9 million. According to details r

The Canadian government has extended travel and immigration restrictions linked to the Ebola outbreak in Africa for another 60 days, until November 27, 2026. The measures apply to travellers and citizens from Uganda, South Sudan and the Democratic Republic of Congo (DRC). Visa processing and travel documents for affected applicants will remain suspended. Under the restrictions, foreign nationals who have been in the DRC within the previous 21 days will not be allowed to board flights to Canada. Travellers arriving from Uganda and South Sudan must undergo a mandatory 21-day quarantine after arr