Canada’s annual inflation rate reached 2.6% in February, marking the first time in seven months that it has surpassed the 2% threshold. This increase follows the expiration of the GST exemption for Canadians on February 15. The inflation rate in January had been 1.9%. According to Statistics Canada, the inflation rate for February would have been 3% if the GST exemption had not been in place. This latest figure, coupled with the ongoing trade tensions with the US, may limit the Bank of Canada’s ability to cut interest rates further. StatCan noted that while prices increased across nearly

Conservative Leader Pierre Poilievre has made a serious accusation against Prime Minister Mark Carney, claiming that Carney has been concealing the consumer carbon tax to influence the election. Poilievre argues that the executive order Carney signed to eliminate the tax is a fake, insisting that it remains in effect and hasn't been removed anywhere. He also warned that it could be reintroduced after the election. During a visit to a steel company in L'Orignal village, Ontario, Poilievre criticized Carney’s plan to increase the carbon tax on Canadian companies, especially in the context of

Prime Minister Mark Carney’s first action after assuming office on Friday was to abolish the consumer carbon price, reversing Justin Trudeau’s flagship climate policy. Carney spoke to the media following a cabinet meeting, stating that the government is focused on action. He confirmed that the Canada fuel charge, the consumer fuel charge, will be eliminated immediately. However, the order-in-council Carney signed in front of cabinet ministers and the press specifies that the fuel charge will be removed as of April 1, 2025, coinciding with the scheduled price increase. Instead, the charge w

Mark Carney has taken office as Canada’s Prime Minister today, marking the end of the Trudeau era. Carney and his cabinet were sworn in at Rideau Hall, the official residence of Governor General Mary Simon in Ottawa. Carney has included former Trudeau cabinet ministers Kamal Khera and Anita Anand in his government, along with Dominique LeBlanc, François-Philippe Champagne, former Finance Minister Chrystia Freeland, and Steven Guilbeault. Carney, an economist and former central banker, served as Governor of the Bank of Canada from 2008 to 2013 under former Prime Minister Stephen Harper’s

Alberta's health minister has officially fired back against allegations from a former health leader who says she was fired for investigating sweetheart deals, collusion and high-level political arm-twisting. Adriana LaGrange, in a statement of defence, says Athana Mentzelopoulos was not fired from her job as the head of Alberta Health Services for investigating corruption. LaGrange says Mentzelopoulos was fired because she was failing to do her job and was working to stop mandated health reform to keep the power and perks of her position. Alberta Health Services has been in charge of all h

A major foreign-policy summit is underway in Quebec today, with the Liberals welcoming foreign ministers from the U.S., Europe and Japan. The Group of Seven ministerial meeting is taking place in the Charlevoix region, just as Canada seeks support against damaging American tariffs. The leaders are set to discuss the functioning of the G7 today, as well as geopolitical challenges ranging from Haiti to Sudan. Ukraine is expected to loom large over the meetings, with Kyiv saying it would be willing to accept a ceasefire if Russia agrees to certain conditions. Foreign Affairs Minister Mélanie J

The Indian government has introduced the Immigration Bill 2025 in the Lok Sabha on Tuesday, which includes stricter penalties for illegal entry into the country. According to the bill, anyone found entering India without a valid passport and documents could face imprisonment of up to five years and a fine of up to 5 lakh rupees. The bill also stipulates that individuals who illegally bring, house, or settle a foreigner in India could face a penalty of up to three years in prison, a fine ranging from 2 to 5 lakh rupees, or both. It will now be mandatory for all foreigners to possess a valid pa

Former central banker Mark Carney, who is set to become the Prime Minister of Canada, has expressed his intention to re-establish and strengthen trade relations with India. This statement comes amid the ongoing trade tensions between Canada and the United States. Carney mentioned that, if given the opportunity, he would focus on improving Canada's relationship with India. As he is now set to take office, it is expected that Carney will prioritize diversifying Canada’s trade relationships to reduce its reliance on the U.S. In related news, the Indian government is reportedly considering the

Federal Liberals elected Mark Carney to lead their party into the next election in a resounding first-ballot victory on Sunday, putting him on track to soon become the next prime minister of Canada. This brings an end to an unusually short, two-month long leadership race called to replace outgoing leader Justin Trudeau and clears the path for an expected early election call. "I feel like everything in my life has helped prepare me for this moment," Carney said in his victory speech. "Two months ago, I put up my hand to run for leader because I felt we needed big changes -- big changes guided