Canada’s annual inflation rate remained steady at 3 per cent in August, according to Statistics Canada. However, inflation could rise in September as Brent crude oil prices have surpassed US$100 a barrel, while the full impact of the 50 per cent tariffs imposed by U.S. President Donald Trump and Canada’s retaliatory measures could also be reflected in upcoming inflation data. According to the report released Monday, gasoline prices rose at a slower pace last month but remained elevated amid the ongoing conflict in Iran. On a positive note, grocery prices increased at a slower rate than ove

Prime Minister Mark Carney is opening a two-day Canada investment summit in Toronto aimed at attracting $1 trillion in investment over the next five years. The summit is focused on key sectors including energy, infrastructure, artificial intelligence and critical minerals. Hundreds of investors from Canada and abroad are taking part in what is described as the country’s first investment summit of its kind. Executives from major international companies including BlackRock, JPMorgan, Morgan Stanley, Mastercard and Microsoft are among those attending. The formal opening is scheduled for Monday

Bank of Montreal (BMO), one of Canada’s major banks, has announced plans to invest $70 billion in capital over the next 10 years in sectors considered critical to the country’s economy, including critical minerals and electricity. The bank says the initiative is aimed at strengthening Canada’s economic security and long-term stability. The announcement comes as Canada continues to face economic challenges and an ongoing trade dispute with the United States. The move also aligns with Prime Minister Mark Carney’s government’s efforts to reduce Canada’s reliance on the U.S. and suppor

Canada has quietly ended a special policy that allowed certain refugees to sponsor family members whose names were not included in their original immigration applications. Under the temporary policy, some refugees and permanent residents were able to sponsor spouses or children who had not been declared in their initial applications. The policy, introduced about seven years ago, expired on Thursday following a decision by Immigration Minister Lena Metlege Diab. Under current Canadian immigration rules, permanent residents generally cannot sponsor family members who were not declared during the

British Columbia’s anti-gang police task force has seized a significant amount of weapons, drugs and cash during a major operation in the Fort St. John community. According to Sergeant Sarbjit Kaur Sangha of the Combined Forces Special Enforcement Unit, officers were deployed to the area at the request of local police between August 21 and September 5. During the operation, several arrests were made in connection with ongoing gang conflicts and illegal drug trafficking in the area. Police seized cocaine, methamphetamine and fentanyl, along with seven firearms, including handguns, rifles and