Government of Canada would be issuing notices to many educational institutions involved in issuing degrees and diplomas not on merit. It is found that in many cases students were working outside the institution to pay the money to the institute but they were getting degrees without getting proper education or on just weekend classes. The government now would make sure …

Carolyn Rogers of Bank of Canada informs Canadians the they would be loosing 6 to 8 billion dollars provided the interest rate does not go up. If it comes down then it would require 2 years to coverup those looses. For Canadians, if the Bank of Canada looses money on it’s products, it’s in fact Canadians money. Not only that …

Canada’s auditor general said earlier this month there was a “glaring disregard” for fundamental management and contracting practices as ArriveCan was developed and implemented. Trudeau also expressed his opinion that even in the emergencies rules would have been followed.

According to Montreux Convention Turkey controls the Bosporus and Dardanelles straits to allow or disallow the warships. Most recently Turkey allowed British Mine Sweepers to pass throw that may help Ukraine in the on going war. Turkey wants to keep good relationship with Ukraine and Russia that helps Turkish Economy. Russians did not show any anger yet perhaps because the …

Mortgage Payments in some cases are doubled and expected to go higher. The number game the governments are doing is awful. Grocery prices has not dropped at all what is dropped is household peace. The only sector who has benefited with all that is banking sector. Without putting a single ad they have increased the monthly bill/mortgage of exactly the …

Canada is investing in future with the collaboration of different global manufacturers. One of the example is the announcement of a 13 billion dollars federal and 500 million provincial endorsements. The plant would create employment of 3,000 direct and 30,000 indirect jobs. Once built by 2027, the plant would have a capacity to manufacture one million batteries/year enough for local …

The Bank of Canada, in collaboration with the Canadian Association of Chiefs of Police (CACP), established an award of excellence for bank note counterfeiting deterrence in 2004. This award recognizes the efforts of individuals in the fields of counterfeit enforcement, crime prevention, and education. The award recognizes excellence in the delivery of various programs and activities aimed at counterfeiting deterrence, …

Bank of Canada conducts many surveys to keep checking the business economic pulse. Results from the first-quarter 2023 Business Outlook Survey and the Business Leaders’ Pulse surveys from January through March 2023 show a subdued sales outlook and plans for modest growth in capital expenditures. The labour market remains tight, but pressures have eased from high levels.

California based Silicon Valley Bank collapsed on Friday, March 10, 2023, thanks to risen interest rates. Silicon Valley Bank was founded by former Bank of America managers Bill Biggerstaff, Robert Medearis, and Roger Smith, who came up with the idea over a game of poker. It launched on October 17, 1983, as a wholly-owned subsidiary of Silicon Valley Bancshares (now SVB Financial Group) with 100 …

A sudden jump in Tesla stock’s price made Elon Must enjoy the top cadre. His net worth touched 187 billion dollars. Though Tesla stocks are still lower than what they were a year ago but slowly it traveled upward and made the stockholders happier. In the meantime, adapting Milton Friedman’s Stockholders theory, Elon fired another 200 Twitter employees to cut …