Bank of Canada keeps interest rate at 5%

Canada met NATO’s benchmark of spending two per cent of its gross domestic product on defence in the last fiscal year, according to the alliance’s latest annual report. The 2025 report from NATO Secretary General Mark Rutte states Canada spent approximately $63.4 billion on defence, reaching the alliance target for the first time since 1990. The two per cent benchmark is a long-standing commitment among NATO members aimed at ensuring collective security and military readiness. According to the NATO report, Canada’s increased spending reflects sustained federal investments in military cap

Prime Minister Mark Carney says an English-only condolence message from Michael Rousseau following a fatal crash in New York lacked compassion, as scrutiny grows over language obligations at federally regulated companies. Rousseau, the CEO of Air Canada, is being summoned to testify before the House of Commons official languages committee after posting a four-minute video message that included only two French words. According to federal officials, the video prompted dozens of complaints to the Office of the Commissioner of Official Languages. The crash occurred Sunday evening at LaGuardia Airp

Foreign Affairs Minister Anita Anand will travel to France from March 25 to 27 for bilateral meetings and to participate in the G7 Foreign Ministers’ Meeting, according to a Global Affairs Canada news release. The department said Anand is scheduled to meet March 25 in Paris with Louise Mushikiwabo, Secretary General of La Francophonie, where Canada will formally advance its candidacy to host the 2028 Francophonie Summit. The meeting is also expected to reaffirm Canada’s support for the international organization. From March 26 to 27, Anand will attend the G7 Foreign Ministers’ Meeting at