The Bank of Canada has presented two possible scenarios instead of precise economic forecasts for the first time since COVID, one of which predicts a deep recession and a possible increase in inflation in Canada. The bank’s first scenario assumes that if tariffs are withdrawn through negotiations, the economy will only stagnate in the second quarter, after which it will gradually grow back. But the second scenario is that if the trade war lasts longer, the Canadian economy will go into recession for a year and inflation will rise to 3.5 per cent by mid-2026. Governor Tiff McCallum said that

Nearly $7 billion in Canadian pharmaceutical exports to the United States could soon be hit by new tariffs, as the White House launches an investigation into the entire pharmaceutical supply chain. The move places Canadian pharmaceutical products at risk of being included in a sweeping round of trade measures. Pharmaceuticals, along with automobiles and electronics, are among the top U.S. imports now facing potential tariffs. US President Donald Trump recently signaled aggressive action, stating that tariffs on pharmaceuticals will reach levels "you've never seen before." In addition to pharm

Former Punjab Congress Cabinet Minister Sadhu Singh Dharamsot has been released from Nabha Jail after being granted bail by the Supreme Court in a disproportionate assets case. Although the bail was approved yesterday, his release was delayed due to technical reasons. Dharamsot had been in custody for nearly 14 months. He was arrested by the Enforcement Directorate (ED) over allegations of amassing wealth disproportionate to his known sources of income. According to the ED, during his tenure as Punjab’s Forest Minister from March 2016 to March 2022, Dharamsot declared an income of ₹2.37 c

The Shiromani Gurdwara Parbandhak Committee (SGPC) has urged the Supreme Court to direct the Central Government to make an early decision on the petition seeking commutation of Bhai Balwant Singh Rajoana’s death sentence. SGPC President Advocate Harjinder Singh Dhami stated that the Committee will once again write to both the Supreme Court and the Prime Minister's Office, requesting the release of Bhai Rajoana and Bhai Jagtar Singh Hawara. Dhami recalled that Prime Minister Narendra Modi had promised relief for imprisoned Sikhs during the 550th Gurpurab celebrations of Sri Guru Nanak Dev Ji

The Green Party has been disqualified from participating in the federal leaders' debates scheduled for today and tomorrow, ahead of Canada’s April 28 election. The decision was made by the Leaders' Debate Commission, the government agency responsible for organizing the French and English debates. According to the commission, the Green Party failed to meet the minimum participation requirements. The party reportedly reduced the number of its candidates contesting the federal election, thereby falling short of the eligibility criteria. The Green Party initially submitted a list of 343 candida

The Punjab and Haryana High Court has granted interim relief to Congress leader Partap Singh Bajwa by staying his arrest until April 22 in connection with an FIR registered in the bomb statement case. Bajwa, who serves as the Leader of the Opposition in the Punjab Vidhan Sabha, had approached the court seeking the quashing of the FIR lodged against him at the Mohali police station. As part of the interim order, the High Court has directed Bajwa not to make any public statements to the press regarding the case. Additionally, he has been instructed to cooperate fully with the ongoing investigat

The trade conflict between the United States and China has intensified, with U.S. President Donald Trump announcing a 100 percent increase in tariffs on Chinese imports. This latest move brings the total tariff on Chinese goods entering the U.S. to a staggering 245 percent. In response to China’s earlier move imposing a 125 percent tariff on American goods on April 11, Trump introduced the new round of tariffs. The escalation has further strained already fragile diplomatic and trade relations between the two global powers. Chinese Foreign Ministry spokesperson Lin Jian commented on the deve

Canadians will not see any further cuts in loan rates, as the Bank of Canada has decided to keep interest rates unchanged amid uncertainty stemming from U.S. President Donald Trump's ongoing tariff war. The central bank’s benchmark interest rate remains steady at 2.75 percent. Previously, the Bank of Canada had reduced rates seven consecutive times, with the most recent cut of 0.25 percentage points taking place on March 12. Following that reduction, major banks including the Royal Bank of Canada, Canadian Imperial Bank of Commerce, National Bank of Canada, and Toronto-Dominion Bank lowered

Alberta Premier Danielle Smith's government has introduced promised legislation to allow for adults and youngsters to be forced into addiction treatment facilities. If a proposed bill passes, parents, family members, health-care professionals, police or peace officers can apply for a treatment order from a new provincial commission. Under the bill, those using substances and deemed a risk to themselves or others can be ordered into treatment in a secure facility for up to three months, or six months in community-based treatment. Smith says there is no compassion in leaving peopl