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bank-of-canada-warns-trade-war-poses-financial-stability-risks
CanadaMay 08, 2025

Bank of Canada warns trade war poses financial stability risks

The Bank of Canada has warned that the trade war poses a major threat to the Canadian economy, which could increase risks to Canadian financial stability, which would damage banks and other financial institutions and make it difficult for households and businesses to repay loans. In its annual Financial Stability Report released on Thursday, the central bank said that if it had not been for Trump's trade war, the Canadian economy would currently be in a strong position, but now there are concerns that the high level of uncertainty about US trade policy could derail financial markets. The rep
danielle-smith-dismisses-doug-fords-warning-against-separatist-threats-from-alberta
CanadaMay 07, 2025

Danielle Smith dismisses Doug Ford's warning against separatist threats from Alberta

Alberta Premier Danielle Smith is urging her Ontario counterpart Doug Ford to mind his own business when it comes to talk of separating from Canada. Smith announced this week that she doesn’t want Alberta to leave Canada but, if enough residents sign a petition asking for a referendum on it, she’ll make sure it’s put to a vote in 2026. Ford, without mentioning Smith by name, says Canadian unity is critical as the country engages in a tariff fight with the United States and now is not the time to threaten to quit the country. Asked about his comment, Smith says she has a great friendship
ndp-appoints-new-acting-president-don-davies
CanadaMay 06, 2025

NDP appoints new acting president Don Davies

The NDP has appointedDon Davies, a longtime MP for Vancouver Kingsway, as its new acting president. Davies was confirmed by the party's national council on Monday night. Former NDP president Jagmeet Singh announced his resignation after losing the Burnaby Central seat in the April 28 election. The NDP won just seven seats in the election, losing its official party status in the House of Commons, the first time the party had won nine seats in 1993. It is noteworthy that the new acting leader of the federal NDP, Don Davies, has represented Vancouver Kingsway since 2008. As an NDP MP, he has pl
trump-says-highly-unlikely-u-s-ever-uses-military-force-to-annex-canada
CanadaMay 05, 2025

Trump says 'highly unlikely' U.S. ever uses military force to annex Canada

U.S. President Donald Trump says it is "highly unlikely" the United States would ever use military force to annex Canada. In a wide-ranging interview on NBC's "Meet The Press" which aired Sunday, Trump says he wouldn't rule it out against Greenland, but says he doesn't see it happening with Canada. The remarks come as Prime Minister Mark Carney is set to have his first face-to-face meeting with Trump this week in Washington. Trump also downplayed the United States' reliance on Canadian imports, telling NBC his country doesn't need anything of Canada's. The U.S. imported $412.7 billion of Canad
carney-says-hell-trigger-a-byelection-if-conservatives-seek
CanadaMay 02, 2025

Carney says he'll trigger a byelection if Conservatives seek

Prime Minister Mark Carney has made a big announcement that if the Conservatives vacate a seat for a by-election in an attempt to send Pierre Poilievre to Parliament, he will approve the by-election as soon as possible without any politics.It is worth noting that Poilievre lost the election in the Carlton riding of Ottawa in the election held on April 28, a seat he had held for 20 years. The Conservatives still want to keep him as party leader, but since Poilievre does not have a seat in the House of Commons, the party is considering several options, including having Poliav contest the by-el
trump-national-security-adviser-mike-waltz-is-out-in-first-major-shakeup-of-trumps-second-term
WorldMay 01, 2025

Trump national security adviser Mike Waltz is out in first major shakeup of Trump's second term

White House national security adviser Mike Waltz is set to depart the Trump administration. That’s according to two people familiar with the matter, which marks the first major staff shakeup of President Donald Trump’s second term. Waltz came under searing scrutiny in March after revelations that he added journalist Jeffrey Goldberg to a private text chain on the encrypted messaging app Signal, which was used to discuss planning for a sensitive March 15 military operation against Houthi militants in Yemen. A far-right ally of the president, Laura Loomer, has also targeted Waltz, telling Tr
economy-shrunk-0-2-in-february-statcan-estimates-1-5-annualized-growth-for-q1
CanadaApr 30, 2025

Economy shrunk 0.2% in February, StatCan estimates 1.5% annualized growth for Q1

Statistics Canada says the Canadian economy contracted in February but early signs suggest moderate growth in March. The agency says real gross domestic product decreased 0.2 per cent in February. That was driven by a 0.6 per cent decline for goods-producing industries, with mining, quarrying, and oil and gas extraction and construction contributing the most to the decrease. Services-producing industries edged 0.1 per cent lower in February as contractions in transportation and warehousing, along with real estate, rental and leasing, were partially offset by a rise in finance and insurance. St
jagmeet-singh-loses-his-burnaby-central-seat
BCApr 29, 2025

Jagmeet Singh loses his Burnaby Central seat

The federal NDP in B.C. has suffered a major setback. Jagmeet Singh lost his Burnaby Central seat. He finished in third place by a margin of 12,032 votes to Liberal candidate Wade Chang. Along with him, the party suffered heavy losses on Vancouver Island and also lost some seats in Metro Vancouver. Out of the total 24 seats of the NDP in the House of Commons, 12 were in B.C. and five of these were in Vancouver Island. Now the federal NDP in British Columbia has been reduced to just three seats and with this, Jagmeet Singh has announced his resignation as the party president. He was also v
17-remain-in-hospital-after-b-c-festival-attack
BCApr 28, 2025

11 killed and 17 remain in hospital after B.C. festival attack

An organizer of the Filipino festival in Vancouver that was devastated by a "meaningless tragedy" says there are many who will need help to recover after a vehicle tore through their celebration, killing 11 people. RJ Aquino told hundreds of mourners at a vigil Sunday night that people are confused, devastated and numb. Police have charged a 30-year-old Vancouver man with eight counts of second-degree murder and say more charges are expected once all the victims have been identified B.C.'s Health Ministry issued an update last night saying 32 people were seen at several hospitals in the Lower
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trump-administration-steps-up-efforts-to-reduce-india-pakistan-tensions
IndiaMay 08, 2025

Trump administration steps up efforts to reduce India-Pakistan tensions

Secretary of State Marco Rubio spoke Thursday with the prime minister of Pakistan and India's foreign minister as the Trump administration stepped up efforts to prevent the nuclear-armed South Asian rivals from going to war. In separate calls with Pakistani Prime Minister Muhammad Shehbaz Sharif and Indian Foreign Minister Subrahmanyam Jaishankar, Rubio ``emphasized the need for immediate de-escalation,'' the State Department said Rubio also ``expressed U.S. support for direct dialogue between India and Pakistan and encouraged continued efforts to improve communications,'' according to readout
ontario-reports-almost-200-new-measles-cases-as-virus-spreads-across-canada
CanadaMay 08, 2025

Ontario reports almost 200 new measles cases as virus spreads across Canada

Health officials say measles infected 197 more people in Ontario over the last week as the highly contagious disease emerged in new parts of the country. That brings the province’s tally of probable and confirmed cases to 1,440 since an outbreak began in October. Public Health Ontario’s measles report says there have been 101 hospitalizations, including 75 children. Eight patients have been in intensive care. Nova Scotia and Northwest Territories each reported measles cases earlier this week, marking their first since this outbreak began. Alberta reported yesterday that its overall case co
surrey-mayor-asks-carney-for-a-surrey-mp-in-cabinet
BCMay 08, 2025

Surrey mayor asks Carney for a Surrey MP in cabinet

Surrey Mayor Brenda Locke has asked Premier Mark Carney to give the MP from Surrey a seat in his cabinet. She said that Surrey is about to become the first city in BC to reach a population of 1 million and it also borders the United States, so given the city’s development needs, we believe that Surrey should have a strong voice in the federal cabinet. The mayor said that I believe this will be an important step to support and ensure the continued growth of Surrey. She said that the city is growing by an average of 28 residents per day.
nikki-haley-supports-indias-action-against-pakistan
IndiaMay 08, 2025

Nikki Haley supports India's action against Pakistan

American Republican leader Nikki Haley has supported India's action against Pakistan. She said that Pakistan has no right to play the victim card here, no country can be given the right to support terrorism. Nikki Haley said that dozens of Indians were killed in the terrorist attack in India's Pahalgam, so India has every right to retaliate and take steps for its security. It is noteworthy that Nikki Haley is a former governor of South Carolina and has been the US ambassador to the United Nations during President Donald Trump's first term. She was the first Indian-American to be appointed
pakistan-launches-several-drone-and-missile-attacks-in-punjab
IndiaMay 08, 2025

Pakistan launches several drone and missile attacks in Punjab

Pakistan launched several drone and missile attacks in Punjab on Thursday night. The Pathankot airbase was targeted, a drone attack took place in Jalandhar. However, India's air defense system destroyed them in the sky. So far, there is no report of any damage in the attack. Drone movement has also been seen in Bathinda. The Indian air defense system shot down all the drones and missiles fired towards Pathankot airbase and Jammu airport. There are reports of two Pakistani F-16 fighter jets also being destroyed during the attack.