The Bank of Canada cut its key policy rate by 50 basis points on Wednesday to take it to 3.25 per cent. Here is the text of the central bank's decision: The Bank of Canada today reduced its target for the overnight rate to 3.25 per cent, with the Bank Rate at 3.75 per cent and the deposit rate at 3.25 per cent. The Bank is continuing its policy of balance sheet normalization. The global economy is evolving largely as expected in the Bank’s October Monetary Policy Report (MPR). In the United States, the economy continues to show broad-based strength, with robust consumption and a solid labour

Prime Minister Justin Trudeau says women's rights and women's progress is under attack, pointing to the recent defeat of U.S. presidential candidate Kamala Harris as an example. Speaking on Tuesday night at an event hosted by the Equal Voice Foundation — an organization dedicated to improving gender representation in Canadian politics — Trudeau said there are regressive forces fighting against women's progress. "It shouldn't be that way. It wasn't supposed to be that way. We were supposed to be on a steady, if difficult sometimes, march towards progress," Trudeau said, adding he is a pro

Palestinian medical officials say an Israeli strike on a home where displaced people were sheltering in the northern Gaza Strip has killed at least 19 people. That’s according to the Kamal Adwan Hospital, which received the casualties on Wednesday after the overnight strike in the town of Beit Lahiya. There was no immediate comment from the Israeli military. Israel has been waging a renewed offensive against Hamas militants in northern Gaza since early October. Hospital records show that a family of eight were among those killed, including four children, their parents and two grandparents. T

Senior Shiromani Akali Dal leader Bikram Singh Majithia has criticized the Punjab Police's handling of the Sukhbir Badal shooting incident. Majithia accused the police of attempting to shield Narayan Singh Chaura, the alleged attacker. He pointed out that an FIR against Chaura was registered six and a half hours after the incident and framed in a manner that could facilitate bail. Majithia further alleged that the police described the attacker as a devotee. He asserted that this FIR exposes the Punjab Police and the state government's biased actions.

Former US President Donald Trump has nominated Chandigarh-born, Punjabi-origin Harmeet Kaur Dhillon as the Assistant Attorney General for Civil Rights in the Department of Justice. Trump made this announcement on his social media platform, Truth Social. Dhillon, 54, is a renowned lawyer known for her work in protecting civil rights. While nominating her, Trump praised her contributions to civil liberties. Trump said that he is pleased to nominate Harmeet Kaur Dhillon as Assistant Attorney General for Civil Rights in the Department of Justice. He added that she has consistently championed the

Amritpal Singh's associate, Basant Singh, who was lodged in Dibrugarh jail, has been brought to Punjab on parole. Basant Singh is from Daulatpura village in Moga district, Punjab. His mother recently passed away. The last rites of Basant Singh's mother were performed in the village under tight security. Authorities did not permit him to meet anyone during his visit. Basant Singh performed the last rites himself. Reports suggest that his mother passed away due to depression.

Ontario Premier Doug Ford says the country's premiers are meeting virtually Wednesday with the prime minister to discuss the threat of U.S. tariffs on Canadian imports. It comes two weeks after the premiers' last meeting with Justin Trudeau, where they discussed how to respond to U.S. president-elect Donald Trump's warning that he will impose a 25 per cent tariff on goods from Canada and Mexico when he takes office next month. Ford says the federal government promised to present a plan to the premiers for their approach to negotiations with Trump and his officials. Ford says he hopes the plan

Canadians may see some relief on interest rates as the Bank of Canada is expected to cut rates on Wednesday. However, experts have warned that if the central bank makes a significant cut, as many in the market anticipate, the already weakening Canadian dollar could fall further. The Bank of Canada is widely expected to reduce its benchmark interest rate for the fifth consecutive time tomorrow. The current rate stands at 3.75 percent, and many economists are predicting a 50-basis-point (or half a percentage point) cut. This expectation of a substantial rate cut has grown following last month's

Canada's main opposition, the Conservatives, have failed in their third and latest attempt to topple Prime Minister Justin Trudeau's minority government. The NDP, which supports the Liberal minority government, blocked the Conservatives' no-confidence motion. NDP Leader Jagmeet Singh had previously made it clear that although the Conservatives' motion was based on his words, his party would not fall for their tactics and would vote against it. While Singh was not in the House during the vote due to a prior meeting, he participated in the online vote. Meanwhile, MPs also voted on an NDP motion