The Bank of Canada is expected to keep its benchmark interest rate unchanged at 2.25% at its upcoming meeting on Wednesday, marking a seventh consecutive rate hold. The central bank has maintained the rate at 2.25% since October 2025. Financial markets and economists expect the Bank of Canada to continue with a cautious, wait-and-see approach for now as it closely monitors inflation, economic growth and uncertainty surrounding the Canada-U.S. trade relationship. However, discussions are growing about the possibility of interest rate increases next year as the ongoing trade war could put addit

U.S. President Donald Trump’s attacks against Canada continue, with his latest remarks focusing on a major oil deal involving Venezuela. Trump has described the agreement, involving Venezuela’s massive oil reserves, as a direct warning to Ottawa and suggested that the United States may not need Canadian crude oil in the future. Experts say the deal could create increased competition for Canadian crude in the U.S. market in the coming years. Both Canada and Venezuela are major producers of heavy crude, which is used by refineries designed to process heavier grades of oil. Trump recently sha

Peel Regional Police in Ontario have arrested a former Punjabi lawyer in connection with an alleged $4.3-million mortgage and cheque fraud investigation. The accused has been identified as 52-year-old Pawanjeet Singh Mann. According to police, Mann is alleged to have been involved in mortgage fraud-related activities since 2019. His licence to practise law was revoked by the Ontario Law Society Tribunal in July 2025. Between June and July of this year, Peel police received several complaints against Mann. An investigation was launched in August, during which investigators alleged that Mann was

A Sikh man was targeted in a suspected hate-motivated attack in Toronto, prompting police to assign the investigation to the Hate Crime Unit. The incident happened Saturday at around 7:30 p.m. in the waterfront area near Queens Quay and Lower Spadina Avenue. According to investigators, the victim was standing in the area when an unidentified man suddenly approached him without any apparent provocation. The suspect allegedly made racist remarks before pulling out a knife and attacking the victim in the leg. The victim was taken to hospital for treatment and is now reported to be out of danger.

Amid the ongoing trade tensions between Canada and the United States, Google has renamed Lake Ontario as “Lake America” for users in the U.S. The move comes after U.S. President Donald Trump issued an executive order directing the lake’s name to be changed in U.S. government databases. Google has clarified that it updates its maps in accordance with government directives. As a result, users located in the United States will now see the body of water listed as Lake America, while it will continue to appear as Lake Ontario for users in Canada. In other parts of the world, Google Maps will

B.C. Premier David Eby has called a byelection in the Abbotsford-Mission riding for Sept. 26, following the resignation of B.C. Conservative MLA Reine Gasper. Gasper recently stepped down from the legislature to run for the leadership of the B.C. Conservative Party, whose leader Kerry-Lynne Findlay does not currently hold a seat in the legislature. The governing B.C. NDP has nominated former agriculture minister Pam Alexis. Alexis lost to Gasper in the previous election by roughly 3,000 votes. Centre BC has also entered the race, naming Lakhwinder Jhajj as its candidate. Jhajj said the campaig

The Canadian government has confirmed that 32 Canadians are among 1,924 people reported missing following the devastating floods and landslides along the Nepal-Tibet border. Foreign Affairs Minister Anita Anand and Minister for International Development Randeep Sarai said Canada’s ambassador to Nepal has provided the latest information to Global Affairs Canada. Authorities have recovered 579 bodies from the debris so far, but Nepalese authorities have not officially identified any of the recovered victims as Canadian citizens. Anand warned that the number of missing Canadians could be even h

U.S. Commerce Secretary Howard Lutnick has accused Canada of walking away from trade negotiations with the United States for political reasons rather than economic concerns. Speaking to reporters in Washington on Thursday, Lutnick claimed the two countries had been close to reaching what he described as their best-ever trade deal, with both sides feeling positive about the negotiations. However, he alleged that Canada backed away from the agreement to gain a political advantage ahead of Quebec’s upcoming election and a potential independence referendum in Alberta. Lutnick also dismissed conc

Quebec’s provincial election campaign has officially heated up ahead of the October 5 vote, with U.S. President Donald Trump and the ongoing Canada-U.S. trade war emerging as major campaign issues. The focus on international economic tensions has, at least for now, pushed traditional provincial issues and the independence referendum debate further into the background. Coalition Avenir Québec (CAQ) Leader and Quebec Premier Christine Fréchette launched her campaign by portraying Trump as her party’s “real adversary.” She argued that Trump’s tariffs and economic policies pose a seri