Prime Minister Mark Carney has announced the appointment of the CEO of Canada’s first-ever sovereign wealth fund, named the Canada Strong Fund. Karen Karniol-Tambour, currently co-chief investment officer at U.S.-based asset management firm Bridgewater Associates, will take on the role. A Canadian citizen, Karniol-Tambour joined Bridgewater in 2006 and is now leaving the firm after nearly two decades to return to public service in Canada. The Canada Strong Fund will launch with an initial capital of $25 billion and aims to invest in major infrastructure projects across the country. One of th

The Canadian government is planning to grant the country's intelligence agency, the Canadian Security Intelligence Service (CSIS), the authority to conduct espionage operations overseas. The move could mark a major first step towards establishing a separate foreign intelligence agency similar to the United States' CIA and Britain's MI6. Prime Minister Mark Carney's government announced $6 billion in additional funding for CSIS over the next 10 years in its recent federal budget. A portion of the funding is expected to be used to strengthen the agency's ability to gather foreign intelligence. C

Canada and the Philippines could announce the conclusion of negotiations on a free trade agreement this week, marking a major milestone in relations between the two countries. Prime Minister Mark Carney arrived in Manila on Saturday as part of his international tour. He is expected to finalize the trade agreement on the sidelines of the ASEAN Summit. According to the Canadian government, the deal is expected to triple bilateral trade between the two countries by 2035. The Philippines plays a key role in Canada's Indo-Pacific strategy. The importance of the relationship is reflected in the fact

The Canadian government has allocated nearly $30 billion in Budget 2026 to tackle homelessness across the country over the next 10 years. Under the plan, the government will invest $11.2 billion over the next four years, followed by another $17.8 billion over the subsequent six years, to help people overcome homelessness. Finance Minister François-Philippe Champagne described the initiative as one of the government's key policy priorities. Champagne said the funding aims to provide permanent housing for people experiencing homelessness, build community-based mental health and addiction treatm

B.C. Premier-designate Lorne Doerkson has voiced support for the federal budget presented by Prime Minister Mark Carney’s Liberal government, calling it encouraging for Canada’s economic future. The budget includes $6.5 billion in funding to support the forestry industry, which has been hit hard by U.S. tariffs. Doerkson expressed hope that British Columbia would receive a significant share of the funding, noting that the forestry sector is a major pillar of the province’s economy. Former B.C. Forests Minister Ravi Parmar also welcomed the funding, describing it as a good start. He said

Canada’s unemployment rate climbed to 6.7 per cent in October, reaching its highest level in six months, according to the latest data released by Statistics Canada on Friday. Economists had expected the economy to add 13,600 jobs overall. However, instead of gaining jobs, Canada recorded a net loss of 4,700 positions last month. The decline was primarily driven by the private sector, which shed 53,000 jobs, marking its first major drop since February. Meanwhile, public-sector employment increased by 50,000 positions, while the construction industry added 16,000 jobs, helping offset some of t

The federal government led by Prime Minister Mark Carney has announced an increase in the deposit insurance limit, raising the amount of money protected in Canadians’ bank accounts from $100,000 to $250,000. Under a new proposal introduced as part of Budget 2026, the Canada Deposit Insurance Corporation (CDIC) coverage limit will increase by $150,000. This marks the first increase in the deposit insurance limit in nearly 20 years. CDIC insurance guarantees that eligible deposits held at member financial institutions are protected up to a specified limit in the event of a bank failure. The co

Conservative Leader Pierre Poilievre has launched a sharp attack on Prime Minister Mark Carney over the federal government's new immigration plan, accusing the Liberals of manipulating figures to make it appear that immigration is under control. Poilievre alleged that the government is misleading Canadians, arguing that the new immigration targets remain among the highest in Canadian history. He said Carney is describing immigration levels as stable, but in reality, the government's mass immigration plan is protecting the profits of large corporations at the expense of Canadian families, inclu

The federal government, led by Prime Minister Mark Carney, has announced major changes to Canada's foreign homebuyer ban in Budget 2026. Under the new policy, foreign nationals will be allowed to purchase newly built homes, while the existing ban on buying previously constructed and resale residential properties will be extended until January 1, 2029. According to the government, the move aims to encourage foreign investment in new housing construction to increase Canada's housing supply, while protecting the existing housing market for local buyers. The Canadian Home Builders' Association has