The Bank of Canada has cut interest rates by 0.25 percent today, giving a big relief to Canadians. With this, six major banks, including the Royal Bank of Canada, are expected to immediately reduce their prime lending rates, which will bring immediate relief to homeowners with variable mortgages. This is the third consecutive reduction by the Central Bank. Its prime policy rate has now increased to 4.25 percent. Let us tell you that before the first rate cut in June, the interest rate of the Central Bank was at the highest level of 22 years at the rate of 5 percent for seven consecutive mont

LGBTQ+ activists say Prime Minister Justin Trudeau's pledge to remain the Liberal leader through to the next election, despite dwindling public support, is putting them at risk. Queer advocates say a Conservative government led by Pierre Poilievre would be dangerous for the LGBTQ+ community, and some are calling on Trudeau to step aside to give the Liberals a better chance at winning the next election — which must happen by Oct. 20, 2025. Sarah Worthman, executive director of the Newfoundland and Labrador Queer Research Initiative, says she’s seriously concerned about the potential harm o

In Canada, firing took place on Monday morning at the house of Punjab's famous singer AP Dhillon. Its video is also circulating on social media. According to reports, at least 14 shots were fired at AP Dhillon's house in Codwood, Vancouver Island. Police also found two burnt vehicles at the crime scene. AP Dhillon said on his Instagram account that he and his people are safe. According to reports, Indo-Canadian rapper Shinda Kahlon was present at his house when the shooting took place. Two of AP Dhillon's neighbors said their security cameras captured a black vehicle driving around at the tim

Economists say the Bank of Canada is still on track to cut interest rates next week, despite economic growth coming in stronger than expected in the second quarter. Statistics Canada said on Friday the economy grew at an annualized rate of 2.1 per cent in the second quarter – beating the Bank of Canada’s forecast. But real gross domestic product continued to shrink on a per-person basis, marking the fifth consecutive decline. Economists typically look at GDP per capita to assess the standard of living. Overall economic growth also halted toward the end of the quarter as real gross domestic

NHL playerJohnny Gaudreauand his younger brother were killed Thursday night when they were hit by a suspected drunken driver while riding bicycles in their home state of New Jersey, police said. Gaudreau, 31, and brother, Matthew, 29, are Carneys Point, New Jersey, natives and were in the area for their sister Katie's wedding scheduled for Friday in Philadelphia, at which they were to be groomsmen. New Jersey State police said Friday the Gaudreau brothers were cycling on a road when a man driving in the same direction attempted to pass two other vehicles and struck them from behind, causing fa

Universities Canada says enrolment by students from outside Canada has fallen below the cap the federal government set on international student visas this year. The immigration minister announced a cap in January as a way to quell the rapid increase in the number of international students, citing pressure on housing, health care and other services. The new policy limits the number of student visa applications the government would accept into processing, and it's expected that will result in a 35 per cent drop in the number of students in 2024 compared to last year. Universities Canada presiden

Conservative Leader Pierre Poilievre has written to the leader of the New Democrats, urging him to force an election this fall. Poilievre's letter to Jagmeet Singh says the NDP does not have a mandate from voters to keep Prime Minister Justin Trudeau in power for another year. He's urging Singh to vote non-confidence in the government when the House of Commons resumes in September. The NDP entered a supply and confidence deal with the Liberals in 2022, agreeing to keep the minority government in power until 2025 in exchange for movement on key priorities. Singh has highlighted social programs

The number of out-of-control wildfires continues to drop in British Columbia on the heels of a cold front bringing rain and fall-like temperatures to many areas. About 280 blazes remain active across the province with 15 per cent or just over 40 of those fires classified as burning out of control. That's down from more than 100 out-of-control fires last week. None of the current blazes are considered "wildfires of note," a designation issued when a fire is highly visible or poses a threat to people or infrastructure. B.C. government officials are set to provide an update on the wildfire and dr

Montreal's Concordia University is reporting a nearly 30 per cent drop in new registrations of out-of-province students following a tuition hike announced last year by the Quebec government. The university says enrolment of international students has dropped by 11 per cent compared to last year. The provincial government has increased tuition for out-of-province students to $12,000 from $9,000 as part of an effort to protect the French language, but Quebec's two largest English-language universities are fighting the change. McGill University says it won't have its final enrolment numbers until