The Bank of Canada is set to make its first interest rate announcement of the year this morning. Economists widely expect the central bank will continue holding its key interest rate steady at five per cent. But all eyes will be on governor Tiff Macklem for any hints on when the central bank plans to pivot to rate cuts. The Bank of Canada has held its key interest rate steady at its last three announcements as economic data suggests monetary policy is slowing inflation. However, Canada's annual inflation rate ticked back up in December to 3.4 per cent, complicating the central bank's path. For

Federal New Democrat Leader Jagmeet Singh says former U.S. president Donald Trump is completely in his own world, and if he makes it back to the White House it could spell trouble for Canada. During the NDP's caucus retreat in Edmonton, Singh said Trump operates in his own league, and likened him to an egomaniac who is seeking vengeance on his political enemies. Singh says it's incredibly disturbing to watch it unfold. Trump's rematch with U.S. President Joe Biden became more likely Tuesday after he won the New Hampshire primary, tightening his grip on the Republican presidential nomination. T

The federal New Democrats are holding a three-day caucus retreat in Alberta's capital, a place where the party would like to grow its support. The NDP caucus is set to talk about health care, affordability and the party's next national campaign as MPs get ready for Parliament to return next week. On Monday, NDP Leader Jagmeet Singh went door-knocking with Edmonton Centre candidate Trisha Estabrooks, a riding the party is hoping to win in the next election. Jennifer Howard, Singh's chief of staff, says the party will also discuss their confidence-and-supply agreement with the minority Liberal g

Canada will reduce the number of international student permits by 35 per cent next year as part of a temporary two-year cap on foreign enrollment, Immigration Minister Marc Miller announced Monday morning. The cap will cut the number of approved study permits in 2024 to 364,000. The 2025 limit will be reassessed at the end of this year. He said the move would allow them to address institutions and “bad actors” who are charging exorbitantly high tuition fees for international students, all while increasing the number of international students they are accepting. Students applying to masters

Monthly payments for 2024 under the Canada Child Benefit Program have started from Friday. Under this, families receive a tax-free monthly payment to help with the cost of raising children under the age of 18. This program is managed by the Canada Revenue Agency. The amount of Canada Child Benefit received depends on the number of children in the family, their ages and the total income of the family in the previous year. Low-income families can receive about $619 per month for each child under 6 and a total of $7,437 per year, while families with children ages six to 17 can receive $522 per

Prime Minister Justin Trudeau, Israel's P. M. Benjamin Netanyahu has criticized the rejection of the possibility of two states. Netanyahu said in a nationally televised news conference on Thursday that there is no longer any meaning for Israel and Palestine to be two separate states, he said that this issue has now ended. Reacting to this, Prime Minister Justin Trudeau said that he was not surprised to hear Netanyahu's comment. This has been their favor for a long time. Trudeau said that Canada's position in this matter is very clear, we support the Palestinian and Israeli two states with i

Canada has registered an increase in the annual inflation rate of 3.4 percent during December, which was 3.1 percent in November. The data comes as the Bank of Canada is set to make an interest rate decision next week. Statistics Canada says inflation accelerated last month due to increases in gas and grocery prices. Prices at grocery stores rose 4.7 percent last month, the same pace seen in November. However, the agency said inflation has declined year-on-year, excluding gasoline. Economists said the December inflation data was in line with their estimates and expected the central bank to k

Prime Minister Justin Trudeau has convened a three-day cabinet meeting before the start of the session of Parliament amid the heated issue of the housing crisis in Canada. The aim of this meeting starting from January 21 is to support the middle class and accelerate the development of the country. This meeting under the leadership of Trudeau will last till January 23 in Montreal. The Prime Minister's Office says the Cabinet will focus primarily on the issues that are most important to Canadians right now. These include reducing the cost of living, building more homes, creating good-paying jo

Canada's largest sugar processing plant is going to be established in Hamilton, Ontario. Major North American manufacturer Securecan Sourcing has revealed the plan. The company said it will invest $135-million in the new refinery, which is expected to open in 2025. This refinery will produce about 10 lakh metric tons of sugar per year. Sciurocan's Powder &c. E. oh Jonathan Taylor said recent demand for sugar is high amid a growing food processing sector and stable refining capacity in Canada and the US, particularly in Ontario, where sugar demand is growing the fastest in North America.