The Bank of Canada is expected to lower interest rates this week as it braces for potential economic fallout from a trade war with the United States, which could trigger a recession and drive up consumer prices. Deputy Governor Toni Gravelle recently stated at an event in Toronto that the tariff dispute could significantly impact the economy and inflation, creating a challenging environment for the central bank. Analysts predict the Bank of Canada will prioritize economic growth, investment, and the risk of job losses in its rate decision on Wednesday. A further interest rate reduction of 0.2

Prime Minister Justin Trudeau plans to fill 10 Senate vacancies before stepping down in March, leaving a lasting impact on Parliament. Senators, once appointed, serve until the age of 75 or until they choose to retire. The Senate, the upper house of Canada’s Parliament, will see new appointments finalized by Trudeau’s advisory board, with the process expected to conclude before his departure. Trudeau, who announced his retirement from politics, will step down as Liberal Party leader on March 9. Meanwhile, Conservatives worry that Trudeau-appointed senators may obstruct their agenda if the

Chandra Arya has been disqualified from the Liberal Party leadership race to become Canada’s next prime minister. Arya, who represents the riding of Nepean in Ontario, confirmed the news in a social media post. He stated that the party informed him he would not be permitted to continue in the race to replace Prime Minister Justin Trudeau. Arya was among seven candidates who filed their nominations by Thursday’s deadline to enter the leadership contest. The race now includes six candidates: former Liberal MP Ruby Dhalla, former Finance Minister Chrystia Freeland, former banker Mark Carney,

President Donald Trump has commented on Canada once again. During a briefing in North Carolina, he stated that if Canada were to become a state of the United States, Canadians would receive much better health coverage. Trump expressed that he would be happy if Canada became the 51st state, as this would provide Canadian citizens with a significant tax break, given their current high taxes. He also suggested that the people of Canada would likely want to join the United States. It is worth noting that Trump has repeatedly targeted Canada since his election. In his latest statement, he suggeste

Ottawa's former chief trade negotiator Steve Verheul says Alberta is undermining Canada's attempts to prevent the U.S. from levying damaging tariffs. Prime Minister Justin Trudeau has rallied most of the premiers to agree that all sectors of the Canadian economy could be deployed to fight back against U.S. President Donald Trump's plan to impose 25 per cent tariffs on all imports from Canada. Alberta Premier Danielle Smith has said that Canada should not threaten the U.S. with retaliatory tariffs or cutting off energy exports, and should focus instead on finding common ground. Verheul says Alb

Ontario will hold an early election, with Premier Doug Ford set to meet Lieutenant Governor Edith Dumont on Tuesday to request the dissolution of the legislature. The election is expected to take place on February 27. Speaking in Brampton, Ford said the province is going to the polls early to secure a strong mandate from the people to fight Donald Trump’s tariffs. Ford pledged that with a strong mandate, his government would invest billions to protect Ontario’s economy. He compared the current situation to the challenges faced during the COVID-19 pandemic and emphasized his commitment to

The deadline for entering the Liberal Party leadership race to succeed Prime Minister Justin Trudeau closed last evening. Seven candidates, including two of Indian origin, are expected to compete for the position. The contenders include former Liberal MP Ruby Dhalla, MP Chandra Arya from Ontario, former Finance Minister Chrystia Freeland, ex-banker Mark Carney, Government House Leader Karina Gould, MP Jamie Batiste from Nova Scotia, and MP Frank Baylis from Quebec. All candidates have confirmed submitting their nomination papers along with a refundable deposit of $50,000. This deposit forms p

The Sikh community in Canada has welcomed the Supreme Court’s decision to hear the case challenging Quebec’s Bill 21. The case also involves the World Sikh Organization of Canada (WSO) and Quebec educator Amrit Kaur. A Gursikh, Amrit Kaur was forced to leave the province due to the controversial bill. The law prohibits civil servants, teachers, police officers, public prosecutors, and many other government employees from wearing religious symbols in their workplaces. WSO President Danish Singh stated that Bill 21 forced individuals like Amrit Kaur to choose between their religion and thei

Trump has once again criticized Canada. While addressing the World Economic Forum, he stated that America does not need Canadian oil, gas, cars, or timber. He emphasized that the U.S. has enough of its own forests for timber and possesses the most oil and gas. Additionally, Trump suggested that if Canada wants to avoid tariffs, it could become the 51st U.S. state. During his address to the World Economic Forum in Davos via video link, Trump also delivered a simple message to businesses worldwide, encouraging them to make their products in America, where they would be charged the lowest tax ra