The Canadian and American stock markets have experienced a sharp decline for the second consecutive day due to President Trump's tariffs. The S&P/TSX Composite Index of the Toronto Stock Exchange fell by more than 1,000 points, or 4.16 percent. On Thursday, the Canadian market closed down 3.8 percent, marking the largest drop since June 2020 during the COVID-19 period. At the same time, the leading index of the American stock market, the Dow Jones, fell by more than 1,900 points during trading today. However, some recovery was seen later from this low point. Meanwhile, crude oil prices dr

While the trade war between Canada and the US threatens to slow down the economy, the Trump administration has urged Canada and other NATO countries to increase defense spending to 5 percent of their GDP. This request was made during a meeting held in Brussels on Thursday. Canada's Foreign Minister Melanie Joly attended the meeting. She pointed out that the US itself does not meet that target. Meanwhile, during the election campaign in Quebec, when journalists asked Conservative leader Pierre Poilievre whether the US had urged NATO members to increase defense spending to 5 percent of GDP, he

Premier David Eby is meeting with forestry leaders in Prince George today to discuss strategies to protect British Columbia's largest export industry from potential tariffs. Eby has raised concerns that President Donald Trump may impose additional tariffs on top of the existing 14.5 percent duty on B.C. softwood lumber. B.C.'s forestry sector is a critical component of the province's economy, contributing $17.4 billion to the GDP and providing thousands of jobs. The U.S. has long accused B.C. of subsidizing its lumber industry. According to the Business Council of B.C., if Trump imposes an ad

In the upcoming by-election for the Ludhiana West assembly seat in Punjab, Congress has named Bharat Bhushan Ashu as its candidate. Ashu has previously served as an MLA from this seat. Meanwhile, the Aam Aadmi Party (AAP) has already declared its Rajya Sabha member, Sanjeev Arora, as their candidate for the seat. The Ludhiana West assembly seat became vacant after the death of AAP MLA Gurpreet Gogi. The AAP government is making significant efforts to secure a win in this constituency. It is speculated that if Sanjeev Arora wins, his Rajya Sabha seat could be vacated and potentially offered to

Prime Minister Narendra Modi met the head of Bangladesh's interim government, Muhammad Yunus, in Bangkok on the sidelines of the BIMSTEC summit. During the meeting, PM Modi urged Yunus to hold early elections in Bangladesh and advised him to avoid making statements that could harm the relations between the two nations. This marked the first conversation between the leaders of the two countries since former Prime Minister Sheikh Hasina was removed from power last year and granted political asylum in India. In the discussion, Prime Minister Modi expressed hope for a democratic and stable govern

After the arrest of Punjab Police senior constable Amandeep Kaur for her alleged involvement in a heroin case, Congress MLA Sukhpal Singh Khaira has demanded a comprehensive investigation into the connection between the drug mafia and the police force. Reports suggest that during her arrest, constable Amandeep Kaur reportedly tried to extort money by leveraging her ties to a senior IPS officer. Khaira has accused the government of attempting to protect the senior officer involved. The Congress MLA also questioned the government and Aam Aadmi Party (AAP) leader Arvind Kejriwal, asking whether

US President Donald Trump is set to impose a significant blow on countries around the world, including Canada, with his new threat of pharma tariffs. While speaking to reporters aboard Air Force One, he warned that the pharma tariffs would be at an unprecedented level. He stated that medicines would be kept in a separate category and that the tariffs would be announced very soon. Research conducted by the American Medical Association reveals that a 25 percent tariff on Canadian-made medicines could increase costs for American consumers by $750 million. Additionally, as a result of Trump's new

Former Deputy Chief Minister of Punjab, Sukhbir Singh Badal, has approached the High Court seeking an independent investigation into an alleged firing attempt on him within the Sri Darbar Sahib complex. He has demanded that the inquiry be handed over to an impartial agency. In a petition filed through his legal team, Badal claimed that the Punjab Police delayed registering the FIR and based it on the statement of an individual who was not present at the scene. He further alleged that the accused was granted bail due to shortcomings in the investigation. Citing political interference and bias,

The Enforcement Directorate (ED) has seized assets worth Rs 22.02 crore belonging to Punjab Congress MLA from Kapurthala, Rana Gurjit Singh, and his son, Rana Inder Pratap Singh, who is an independent MLA from Sultanpur Lodhi. The seized property is linked to their company, Rana Sugars Limited. This action was taken by the Jalandhar office of the ED in connection with a case involving violations of the Foreign Exchange Management Act (FEMA). The ED alleges that Rana Sugars Limited held funds abroad without informing the Reserve Bank of India (RBI) and the Securities and Exchange Board of Indi