First time in a century old history, Bank of Canada have faced losses of about half a billion Dollars. The institution used to give about a billion dollars per year to the government but 2022 had been the worst for them. However, government has signaled that they would do some amendments in the Act that would cover the losses the …

Deputy Prime Minister Chrystia Freeland, said that she is keen to develop liquefied natural gas (LNG) for export purposes. The comment came after some European countries approached Canada to do so for energy security. Russia supplies natural gas to Europe, that is on halt and hurting the economy. Before the winter hits, there must be a solution to the problem …

Pope Francis has described his Apostolic Journey to Canada as a “penitential pilgrimage” to express his closeness to the Indigenous peoples of the country in light of the sufferings they experienced in the past, particularly in the residential school system. On Monday, the Holy Father apologized to the Indigenous peoples and implored God’s forgiveness, healing and reconciliation.

Bank of Canada has reconfirmed that there would be 3 more meetings this year to set the interest rates. The meetings would take place on September 07, October 26 and December 07. There would be no meeting in November. Bank of Canada has signaled that there would be more rate hikes till the inflation rate becomes around 3.5%.

Victory of defeat in an election is a normal phenomenon but loosing two elections in series is a serious matter. In the election 2018, Ontario Liberals got only 7 seats and 8 in the current election. On the other hand, Progressive Conservative Party of Ontario (Ontario PC) added 7 seats. Andrea Horwath’s NDP lost 9 that pushed her to step …

Health Canada is reporting 5 cases in the country. All of them are in Quebec. 20 more cases are being investigated. On May 07, the first case of Monkeypox was reported in UK. The person traveled to Nigeria and got it from there, UK Health Security Agency said. Causation of Monkeypox is a virus, a member of the same family …

Ontario pre-election debate arranged by TVO is ended this evening with no clear winner. All the parties are claiming that their leader won the debate including Conservatives, Liberals, NDPs and Greens. Smart questions were posed to the candidates on current issues such as Economy, Healthcare specially mental health, Education, Environmental issues, housing issues and supply chain issues. All the leaders …

Leadership review is underway for Alberta Premier Jason Kenney who may get negative results and loose. Kenney formed United Conservative Party few years ago and won premiership which was a success story for a colleague of former Canadian Prime Minister Stephen Harper who badly lost general election 2015. Kenney reiterated that he is in no mood to go for a …

After an event supporting an MPP candidate in Peterborough Ontario Jagmeet Singh faced critical crowd calling him with bad words. Later in a press conference he slightly touched the event and reacted, “We should be able to disagree as a society respectfully, maybe even angily, but it doesn’t have to come to the pont where it’s getting so polarized that …

Liberal Critic Yasir Naqvi reacted to the CPC Leadership Debate. Brampton Mayor Brown participated. Here is what Naqvi said. “Canadians deserve responsible leadership, but instead, Conservative leadership candidates are focused on appeasing the anti-science, anti-vaccine, anti-choice, and pro-blockade wings of their party. They have made it clear that they would take Canada backward. Instead of talking about making life more …