The Bank of Canada may raise its policy interest rate this month as inflation risks continue to grow. UBS Global Research expects the central bank to increase the rate by 0.25 percentage points at its upcoming meeting, following seven consecutive decisions to hold it at 2.25%. UBS economist Abigail Watt expects another 0.25-point increase in January, taking the policy rate to 2.75%, which she considers the midpoint of the bank’s neutral range. Rates could then remain unchanged for an extended period. The forecast marks a shift from earlier expectations that the Bank of Canada would leave rat

Canadian colleges and universities are seeing a sharp increase in domestic student enrolment as the federal government tightens restrictions on international students. According to the latest Statistics Canada data, the number of international students fell by 39,600, or 6.9 per cent, in the 2024-25 academic year — the largest decline since the 1990s. In contrast, domestic enrolment increased by 37,626 students, marking the fastest growth in 15 years and bringing domestic enrolment back to 2010-11 levels. Experts say the rise in Canadian students is providing some relief to post-secondary in

U.S. Trade Representative Jamieson Greer said outstanding trade issues with Canada remain difficult to resolve, signalling that Ottawa and Washington are not close to an immediate agreement. Speaking to reporters Thursday at the conclusion of the G20 trade ministers’ meeting in Milwaukee, Greer said technical discussions with Canada are continuing but several issues remain unresolved. Canadian International Trade Minister Maninder Sidhu also held an informal meeting with Greer on the sidelines of the G20 gathering. Sidhu said he raised Canada-U.S. trade tensions and other issues, including r

Prime Minister Mark Carney has signalled that Canada could begin a controlled increase in immigration after bringing the country’s immigration system back under control. In another part of an interview with a private broadcaster, Carney said the immigration system is now under control and that the next question is how to begin a controlled increase in the country’s population. His comments come exactly one month before the government is expected to announce its immigration targets for the next three years. The previous three federal immigration plans focused on reducing the number of newco

The RCMP in Quebec has charged 16 people following an investigation into a major cocaine trafficking network allegedly operating in the province. Police said the operation, known as Project Chrome, began in 2022 with significant assistance from the Canada Revenue Agency. Investigators allege the organization operated an illegal gaming house in Montreal and used proceeds from drug trafficking to renovate properties linked to the group and launder money. During searches, police seized 14 kilograms of cocaine, more than $145,000 in cash and assets valued at over $9 million. According to details r

The Canadian government has extended travel and immigration restrictions linked to the Ebola outbreak in Africa for another 60 days, until November 27, 2026. The measures apply to travellers and citizens from Uganda, South Sudan and the Democratic Republic of Congo (DRC). Visa processing and travel documents for affected applicants will remain suspended. Under the restrictions, foreign nationals who have been in the DRC within the previous 21 days will not be allowed to board flights to Canada. Travellers arriving from Uganda and South Sudan must undergo a mandatory 21-day quarantine after arr

Canada’s economy remained flat in July 2026 after three consecutive months of solid growth, with declines in manufacturing and the oil, gas and mining sectors weighing on overall activity. According to Statistics Canada, manufacturing output fell 0.9%, while the oil, gas and mining sector declined 0.5%. These declines were offset by gains in construction, which grew 1.3%, and public services, which increased 1.7%. Statistics Canada’s preliminary estimate suggests the economy could rebound by 0.2% in August. However, Deloitte Canada has lowered its 2027 GDP growth forecast from 2% to 1.6%,

Ontario Premier Doug Ford has urged Albertans to remain part of Canada, saying the country needs unity more than ever. Speaking alongside Alberta Premier Danielle Smith at an industry conference in Calgary, Ford discussed the economy and energy policies before telling attendees that he has a great deal of love for the people of Alberta and that keeping the country together is especially important at this time. Alberta is set to hold a referendum next month on whether the province should remain in Canada or move toward another binding referendum on separation.

Statistics Canada has revised its earlier estimate of Canada’s population, saying the country’s population increased by 280,810 people in 2025. Earlier this year, the agency’s preliminary figures suggested that Canada had recorded its first annual population decline. Statistics Canada later clarified that the initial figures were provisional and were based on incomplete data related to work and study permit extensions. After a second review and the inclusion of updated administrative data, the revised figures now show population growth in 2025. However, Canada’s population growth has s