CanadaJun 06, 2025
Canada's unemployment rate hits nine-year high
Canada's unemployment rate has hit its highest level in nearly nine years, with 1.6 million people unemployed in the country. Statistics Canada said in a report released today that the unemployment rate in May was 7 per cent, the third consecutive monthly increase in unemployment.
The total number of unemployed people last month was about 14 per cent higher than the same month a year ago, the statistics department said. This is mainly due to the fact that employment growth has remained almost stable amid a growing population, with no large-scale layoffs.
StatCan said that this level of une
CanadaJun 06, 2025
Modi says he has accepted Carney's invitation to attend G7
Indian Prime Minister Narendra Modi says he has accepted an invitation from Prime Minister Mark Carney to attend the G7 summit in Kananaskis, Alta., later this month.
The summit runs from June 15 to 17.
CanadaJun 06, 2025
Carney and Li agree to regularize communication between Canada and China
Prime Minister Mark Carney and Chinese Premier Li Qiang have agreed to regularize channels of communication between the two countries. A readout from Carney's office also says the leaders committed to working together to address the fentanyl crisis.
Canada and China have been involved in a trade dispute. China has imposed tariffs on Canadian canola oil and meal, peas and seafood in retaliation to Canadian levies on Chinese-made electric vehicles, steel and aluminum.
In his conversation with Li, Carney raised the issue of trade affecting agriculture and agri-food products, including canola a
CanadaJun 05, 2025
Jenny Kwan criticizes a provision in the federal government's border security bill
The N-D-P immigration critic says a provision in the federal government's border security bill that would give cabinet the power to cancel immigration documents is dangerous.
Jenny Kwan calls it an attempt to mimic measures deployed by the Trump administration in the U-S. Ottawa says the immigration minister would only be able to exercise the power to cancel, suspend or alter immigration documents in an ``emergency'' and after being granted the authority through an order-in-council.
But Kwan notes that cabinet decisions are made in secret and there's no firm definition of an ``emergency'' in t
CanadaJun 05, 2025
Infant born prematurely dies in southwestern Ontario after measles infection
Infant born prematurely dies in southwestern Ontario after measles infection Ontario Chief Medical Officer of Health Dr. Kieran Moore says an infant born prematurely and infected with measles has died in southwestern Ontario.Moore says the infant got the virus from their mother, who was not vaccinated. He says measles may have been a contributing factor in the premature birth and death but noted the infant also had serious medical complications unrelated to the virus.Moore says he extends his heartfelt condolences to the family during this difficult time. He says out of respect for the family'
CanadaJun 05, 2025
Canada's trade deficit plunged in April as tariffs kicked in
Canada has reported its biggest drop in exports in nearly 17 years due to US tariffs, pushing the country's trade deficit to a record high.
Canada posted a trade deficit of $7.1 billion in April, its highest ever, as demand from the US weakened. The trade deficit in March was $2.3 billion.
Total exports fell 10.8 per cent in April, the third consecutive monthly decline and the biggest decline since December 2008 during the global financial crisis, excluding the Covid period, according to data released by Statistics Canada on Thursday.
Exports to the US fell 15.7 per cent and imports from th
CanadaJun 04, 2025
Bank of Canada holds key rate steady at 2.75 per cent
Canada's central bank has decided to keep its benchmark rate at 2.75 percent in its decision on Wednesday on interest rates. This is the second time in a row, before this, the Bank of Canada had kept interest rates unchanged in April after seven consecutive cuts.
From June 2024 to March 2025, the bank had cut interest rates by a total of 225 basis points in view of controlling inflation and supporting the economy.
The Bank of Canada said in an official statement that Trump has continued to reduce and increase tariffs and uncertainty about this remains at a high level, which has softened the
CanadaJun 04, 2025
Canada: Trump tariffs issue echoes in House of Commons
President Donald Trump's steel tariff issue echoed in Canada's House of Commons today. The Conservatives surrounded Prime Minister Mark Carney on it. After Opposition Leader Andrew Scheer, the party's Ontario MP Liane Rudd challenged the Liberals to present a budget.
He said that the government should now show transparency and present a budget so that Canadians can know how much, if any, the government has collected from the alleged retaliatory tariffs.
Retaliating on this, Finance Minister Francois-Philippe Champagne said that instead of showing Canada down, this is a time to show solidarit
CanadaJun 04, 2025
Carney hints retaliation is coming for Trump's latest steel and aluminum tariffs
Today marks the start of new 50 per cent tariffs from the United States on steel and aluminum imports.That's double the previous rate.
Prime Minister Mark Carney once again called the tariffs unlawful and unjustified as he headed into a Liberal caucus meeting today. But Carney says his government isn't ready to respond just yet because they are in intensive trade discussions with the U-S to have tariffs removed under a new economic and security deal.
The Canadian steel and aluminum industries say doubling the tariffs will have a devastating impact while economists warn they could lead