Canada’s annual inflation rate remained steady at 3 per cent in August, according to Statistics Canada. However, inflation could rise in September as Brent crude oil prices have surpassed US$100 a barrel, while the full impact of the 50 per cent tariffs imposed by U.S. President Donald Trump and Canada’s retaliatory measures could also be reflected in upcoming inflation data. According to the report released Monday, gasoline prices rose at a slower pace last month but remained elevated amid the ongoing conflict in Iran. On a positive note, grocery prices increased at a slower rate than ove

Prime Minister Mark Carney is opening a two-day Canada investment summit in Toronto aimed at attracting $1 trillion in investment over the next five years. The summit is focused on key sectors including energy, infrastructure, artificial intelligence and critical minerals. Hundreds of investors from Canada and abroad are taking part in what is described as the country’s first investment summit of its kind. Executives from major international companies including BlackRock, JPMorgan, Morgan Stanley, Mastercard and Microsoft are among those attending. The formal opening is scheduled for Monday

Bank of Montreal (BMO), one of Canada’s major banks, has announced plans to invest $70 billion in capital over the next 10 years in sectors considered critical to the country’s economy, including critical minerals and electricity. The bank says the initiative is aimed at strengthening Canada’s economic security and long-term stability. The announcement comes as Canada continues to face economic challenges and an ongoing trade dispute with the United States. The move also aligns with Prime Minister Mark Carney’s government’s efforts to reduce Canada’s reliance on the U.S. and suppor

Canada has quietly ended a special policy that allowed certain refugees to sponsor family members whose names were not included in their original immigration applications. Under the temporary policy, some refugees and permanent residents were able to sponsor spouses or children who had not been declared in their initial applications. The policy, introduced about seven years ago, expired on Thursday following a decision by Immigration Minister Lena Metlege Diab. Under current Canadian immigration rules, permanent residents generally cannot sponsor family members who were not declared during the

British Columbia’s anti-gang police task force has seized a significant amount of weapons, drugs and cash during a major operation in the Fort St. John community. According to Sergeant Sarbjit Kaur Sangha of the Combined Forces Special Enforcement Unit, officers were deployed to the area at the request of local police between August 21 and September 5. During the operation, several arrests were made in connection with ongoing gang conflicts and illegal drug trafficking in the area. Police seized cocaine, methamphetamine and fentanyl, along with seven firearms, including handguns, rifles and

Calgary police have laid extortion charges against 23-year-old Kanurit Kaur, 21-year-old Tanveer Singh and a 17-year-old youth in connection with an extortion investigation. Police are searching for Singh, who is wanted on a warrant for possession of property obtained by crime over $5,000. According to police, on March 25 at around 4:30 p.m., a woman received a demand for money through WhatsApp from an unknown number. The suspects appeared to have detailed information about the victim’s personal and business affairs. The caller repeatedly attempted to contact the victim and made explicit thr

Canada and the United States remain in contact despite the breakdown in formal trade talks, Canadian Trade Minister Dominic LeBlanc has confirmed. Speaking to reporters in Banff, Alberta, LeBlanc said that while Canada is not currently engaged in formal trade negotiations with Washington, communication between the two countries continues. LeBlanc said he does not have any meetings scheduled in Washington at the moment, but has spoken several times by phone with U.S. Trade Representative Jamieson Greer and Commerce Secretary Howard Lutnick. He reiterated that Canada is ready to return to the ne

More than 19,000 people have signed an online petition calling on the Edmonton Oilers to reverse their decision to sign Alex Formenton. The petition was started by longtime Oilers superfan Mary Loewen, known as “Mama Stanley,” who said she would no longer support the team while Formenton remains on the roster. The Oilers signed Formenton to a one-year, US$850,000 contract on Wednesday. He was one of five former Canadian world junior players acquitted last year of sexual assault charges stemming from an encounter with a woman following a 2018 Hockey Canada gala in London, Ont. The petition

A disturbing incident has been reported at Redwood Park in South Surrey, where a man was caught on camera chasing another man with a knife. The incident happened around 5 p.m. Wednesday. According to police, the suspect first rammed his Jeep Wrangler into the victim’s Ford pickup truck. He then climbed onto the roof of the truck while holding a knife. When the victim ran away, the suspect chased him with the weapon in his hand. A Tesla driver who had arrived at the park for a photoshoot recorded the entire incident and helped the fleeing victim by taking him into the vehicle and keeping him