Transferring money between bank accounts in Canada is set to become faster and easier with the launch of a new real-time payment system. Payments Canada announced on Monday the launch of its Real-Time Rail (RTR) payment system. Currently, transferring money between banks and completing business transactions can take considerable time. However, the new RTR system will allow consumers and businesses to send and receive money within seconds, 24 hours a day, seven days a week, including weekends and holidays. Initially, fintech companies such as Wealthsimple and KOHO are testing the system to offe

Former Shiromani Gurdwara Parbandhak Committee (SGPC) president Bibi Jagir Kaur is expected to rejoin the Shiromani Akali Dal on November 13, sparking fresh political discussions in Punjab and the Sikh community. Bibi Jagir Kaur has confirmed that Shiromani Akali Dal president Sukhbir Singh Badal will visit Begowal on November 13. She said people in Punjab are concerned about the weakening of the Akali Dal, which was established in 1920 at Sri Akal Takht Sahib, and stressed the need to strengthen the party. She also stated that she has never sought any position and has always worked for the pa

Surrey Mayor Doug McCallum’s campaign promises could receive the green light at this evening’s council meeting, the first regular meeting of the newly elected council. McCallum’s 15-point agenda includes several major proposals, including the controversial decision to separate the City of Surrey from Metro Vancouver while retaining its existing services. Other key commitments include equipping the Surrey Police Service with a fleet of helicopters and drones within the next three months and freezing property taxes for the next four years. However, political experts believe that while McCa

Prime Minister Mark Carney has announced the appointment of the CEO of Canada’s first-ever sovereign wealth fund, named the Canada Strong Fund. Karen Karniol-Tambour, currently co-chief investment officer at U.S.-based asset management firm Bridgewater Associates, will take on the role. A Canadian citizen, Karniol-Tambour joined Bridgewater in 2006 and is now leaving the firm after nearly two decades to return to public service in Canada. The Canada Strong Fund will launch with an initial capital of $25 billion and aims to invest in major infrastructure projects across the country. One of th

Alberta Premier Danielle Smith has welcomed the latest federal budget, calling it an important step toward the province’s economic development. She particularly praised investments in major projects and tax reforms, which are expected to provide a significant boost to private-sector investment. However, Smith expressed concerns over the proposed immigration changes, saying they are being introduced without consulting the provinces. Under the federal government’s new plan, Canada will welcome 380,000 permanent residents and 370,000 temporary residents annually from 2027 to 2029. The plan al

A third powerful storm is forecast to hit British Columbia’s coastal regions, bringing strong winds and heavy rainfall from Tuesday through Thursday. According to Environment Canada, the storm will affect the North, Central and South Coasts, as well as Vancouver Island. The weather agency has forecast winds of up to 110 km/h for Haida Gwaii and northern Vancouver Island this afternoon. Heavy rainfall is also expected in several parts of the province. Although no flood warnings are currently in effect in B.C., the River Forecast Centre has maintained High Streamflow Advisories for the South a

Three people have been arrested following a shooting inside a high-rise condominium building in Surrey, B.C. According to the Surrey Police Service (SPS), officers responded to reports of multiple gunshots inside an upper-floor suite in a building located in the 9600-block of 136A Street at approximately 2:16 a.m. A large police presence was deployed to the scene, with officers from the New Westminster Police Department also assisting in the response. Two men and one woman were taken into custody within approximately 90 minutes of the incident. Police confirmed that no one was injured in the s

The Canadian government is planning to grant the country's intelligence agency, the Canadian Security Intelligence Service (CSIS), the authority to conduct espionage operations overseas. The move could mark a major first step towards establishing a separate foreign intelligence agency similar to the United States' CIA and Britain's MI6. Prime Minister Mark Carney's government announced $6 billion in additional funding for CSIS over the next 10 years in its recent federal budget. A portion of the funding is expected to be used to strengthen the agency's ability to gather foreign intelligence. C

Canada and the Philippines could announce the conclusion of negotiations on a free trade agreement this week, marking a major milestone in relations between the two countries. Prime Minister Mark Carney arrived in Manila on Saturday as part of his international tour. He is expected to finalize the trade agreement on the sidelines of the ASEAN Summit. According to the Canadian government, the deal is expected to triple bilateral trade between the two countries by 2035. The Philippines plays a key role in Canada's Indo-Pacific strategy. The importance of the relationship is reflected in the fact