Canada’s financial intelligence agency says it has levied a $9.2-million penalty against The Toronto-Dominion Bank for non-compliance with money laundering and terrorist financing measures as the bank also faces compliance investigations in the U.S. The penalty by the Financial Transactions and Reports Analysis Centre of Canada follows on a $7.5-million fine against RBC and a $1.3-million fine against CIBC announced in December. The agency, known as Fintrac, says it imposed the penalty against TD for a range of failures including not submitting suspicious transaction reports when there was r

Bank of Canada governor Tiff Macklem says Canadian interest rates don't have to match U.S. or global rates, but there is a limit to how much they can diverge. Macklem made the comments while testifying before the House of Commons finance committee today. The governor says Canada is nowhere close to the limit when it comes to how much Canadian and American interest rates can differ. The Bank of Canada is widely expected to begin lowering its policy rate in the coming months, while forecasters expect the U.S. Federal Reserve to take longer. The Federal Reserve held interest rates on Wednesday an

The BJP has canceled the ticket of Brij Bhushan Sharan Singh, the former head of the Indian Wrestling Federation, who came into the headlines after the protest of women wrestlers, but what is special is that his younger son Karan Bhushan Singh has been made a candidate from the Kaiserganj Lok Sabha seat. Which is considered to be the hot seat of Uttar Pradesh. 67-year-old Brij Bhushan is a six-time Member of Parliament and his political dominance in the constituency is considered considerable. Last year, several women wrestlers including female wrestler Vinesh Phogat and Olympian Sakshi Mali

The parents of Amritpal Singh, who is preparing to contest as an independent candidate from the Khadur Sahib Lok Sabha seat in Punjab, have expressed their apprehension that the government may stop Amritpal Singh from contesting the Lok Sabha elections. He alleged that his WhatsApp group created for election campaign has been blocked. Along with this, the parents have appealed to the Election Commission that all the cases registered against Amritpal Singh should be made public through the administration. Amritpal's father Tarsem Singh said that he has no information about whether these group

A group of students at the University of Toronto say they have started a protest on campus to call on the university to cut its ties with Israel over the ongoing war in Gaza. The students say in a news release that they breached a newly-installed fence around an area on campus known as King's College Circle to establish an encampment in solidarity with the Palestinian people. They say they are joining students at other universities in the United States and Canada in setting up encampments to call on their schools to disclose their ties with the Israeli government and divest from Israeli compan

The death toll climbed to 48 as search efforts continued in southern China on Thursday after a highway section collapsed in a mountainous area, sending more than 20 cars down a steep slope. Officials in the city of Meizhou said three other people were unidentified, pending DNA testing. It wasn’t immediately clear if they had died, which would bring the death toll to 51.

Despite the heated atmosphere of the Lok Sabha elections in Punjab, a large number of ex-MLAs, ex-district presidents and constituency in-charges of that faction, including the former president of the Congress party, Navjot Singh Sidhu, have so far kept their distance from participating in the election campaign of the Congress. So far, no concrete efforts have been made to convince and reconcile this faction by other leaders including the President of the Pradesh Congress Committee, which has started to be considered as a danger bell for the Congress. On the other hand, State Congress Commit

NDP Leader Jagmeet Singh says his party will support the federal budget, ending any speculation that the party could pull out of its deal with the minority Liberal government. Singh says his party wanted time to digest the budget, but is ultimately voting in favour of it because of shared initiatives that it proposes. That includes creating a national school lunch program and providing free birth control and diabetes medicine for anyone with a health card. The Conservatives and Bloc Québécois have previously said they wouldn’t support the budget. The minority Liberals needed the support of

A B.C. Conservative private member's bill to classify publicly funded sports teams and events according to the "biological sex" of participants, banning transgender athletes, didn't make it out of the starting blocks. The Fairness in Women's and Girls' Sports Act was voted down at first reading, a fate that's a rarity in the legislature. The majority New Democrats, joined by two Green Party members and two Independents, voted down the proposed bill introduced by Conservative Leader John Rustad. New Democrat House Leader Ravi Kahlon said outside the legislature the proposed bill was "hateful an