Former MasterCard CEO Ajay Banga will be the next president of the World Bank.The 25-member executive board of the World Bank on Wednesday elected Ajay Banga as president for a five-year term, who will assume his post from June 2.Ajay Banga will be the first person from the Indian-American and American Sikh community to head the World Bank.Banga was nominated for the post by US President Joe Biden in late February.Biden had said that Ajay Banga is the most qualified person to lead this global organization.

The Conservative Party of Canada brought in more donations during the first three months of the year than any other federal party.Financial statements from Elections Canada show the Conservatives raised more than $8.3 million during the first quarter of the year from nearly 46,000 donors.The Tories routinely outperform their political rivals on fundraising, and this time they beat out the governing Liberals by nearly $5 million.The Liberals brought in about $3.6 million from nearly 31,000 donors during the same period.The New Democrats, who agreed to support the Liberals in the minority Parlia

The Public Service Alliance of Canada, the union that represents more than 120,000 federal workers in Canada, has reached a deal with the government, ending a national strike by Treasury Board workers.However, PSAC says the strike by 35,000 workers with the Canada Revenue Agency is still ongoing over some issues that are being discussed with the government.According to information, 12.6 percent salary increase and a one-time lump sum payment of $2500 at the time of retirement has been agreed between the union and the government.

Former Liberal industry minister Navdeep Bains is joining Rogers as the company's new chief corporate affairs officer.Rogers announced several new appointments to its executive leadership team on Thursday, including Bains and a former Shaw executive.Bains served in Prime Minister Justin Trudeau's cabinet as industry minister from 2015 until early 2021, and chose to not run for re-election that year.The industry minister is responsible for overseeing the country's national industrial strategy, including regulating national sectors such as telecommunications.Bains joined CIBC as a vice chair of

Prime Minister Justin Trudeau is set to head to New York next week for an international summit championing sustainable development and human rights.Summit host Global Citizen bills the event as a forum to address some of the most urgent challenges facing humanity and the planet.The Prime Minister's Office says Trudeau will champion women's rights when he joins other world leaders, artists and musicians at the event April 27-28.Other scheduled attendees include French President Emmanuel Macron, European Commission president Ursula von der Leyen and Mia Mottley, the prime minister of Barbados.Tr

The sister-in-law of a Liberal cabinet minister has stepped down as the interim ethics commissioner a day after a House of Commons committee agreed to investigate her appointment.Martine Richard, who has worked in the commissioner's office as a lawyer since 2013, took over the top job last month for a six-month stint.Richard is the sister-in-law of Intergovernmental Affairs Minister Dominic LeBlanc, who was found to have breached conflict-of-interest rules in 2018 for approving a lucrative fishing licence for a family member while he was fisheries minister.A statement from the office of the co

Over 155,000 public service workers are going on strike, the Public Service Agency of Canada (PSAC) announced Tuesday night, after the union failed to reach an agreement with the federal government.With 39,000 Canada Revenue Agency employees, other 120,000 PSAC members include cleaners and cooks on military bases, clerks and maintenance workers, tradespeople, Coast Guard search and rescue teams, teachers, firefighters and workers who process employment insurance, passport applications and immigration documents.Canada Revenue Agency says the strike will mean certain services will be delayed or

Over 155,000 federal public servants will strike on Wednesday if no deal is reached between the government and the Public Service Alliance of Canada.While talking to the media, National president Chris Aylward told reporters on Monday that despite progress being made on several fronts, there has been little movement on the union’s key priorities.If no deal is reached by 9 p.m. Eastern on Tuesday, workers will be on strike as of 12:01 a.m. Eastern Wednesday.It is worth mentioning that the unions have been fighting for increased wages, benefits and remote work.Members include cleaners and cook

Quebec's power utility says its website and mobile application have been knocked offline by a cyberattack.Hydro-Québec says it was targeted at around 3 a.m. by a denial-of-service assault when attackers flood an internet server with traffic and overwhelm it.The utility says the attack has shut down its website and cellphone application but says its critical systems are not affected.Hydro also says there was no data breach and personal data was not compromised.In recent days, Canadian websites have been targeted by cyberattacks with pro-Russian groups claiming responsibility.Targets included w