Canada has chosen a new ambassador to the United States. Mark Wiseman, a well-known figure in the world of finance, will take on this important role. He is set to start his new job in mid-February. Wiseman has a lot of experience. He has worked in Canada's pension funds and big U. S. financial compa
Canada's top financial watchdog has decided to keep the extra safety net for the country's six largest banks at the same level. This safety net, called the domestic stability buffer, is currently set at 3. 5%. The Office of the Superintendent of Financial Institutions (OSFI) believes these banks are
Canada's Environmental Damages Fund is celebrating 30 years of turning penalties into positive change. Recently, the government announced a $10. 6 million boost for 23 new projects focused on nature conservation and restoration. This fund, established in 1995, has been using money from environmental
Canada is finally moving towards a more secure banking system. The government has announced a new framework for open banking, set to launch in 2026. This system will replace the risky practice of sharing online banking passwords with third-party apps. Instead, users will be able to securely share th
Canada is taking a closer look at its rules for pilot rest times. The reason? Industry players say the current rules are too complicated and hard to follow. This isn't just a Canadian issue. Other countries, like India, are also struggling to balance safety and practicality. In India, the biggest a
Vancouver and its surrounding areas are preparing for a significant weather event. An atmospheric river is expected to bring a lot of rain, possibly up to 80 mm, to the region. This heavy rain could lead to flooding, especially in areas like the Fraser Valley. The rain is expected to start on Tuesda
Canada has been dealing with a big problem for a long time. People with less money often have worse health than those with more. This isn't just happening in one place. It's seen in cities, provinces, and all over the country. Everyone agrees that things like where you live, your job, and how much e
Canada's government has made a big change in its climate rules. They've decided to ease up on some environmental regulations to attract more investment in the energy sector. This move is part of a new agreement between the federal government and Alberta, Canada's top oil-producing province. The dea
Canada is taking action to shield its steel and lumber industries from the impact of U. S. tariffs. Prime Minister Mark Carney announced new measures to support these sectors, signaling that a trade deal with the U. S. may not be on the horizon. The new strategy includes a tariff on imported steel,
Canada's Prime Minister mentioned that trade talks with the US are on pause. He said they'll start again when the time is right. He didn't sound too worried about it, though. He said Canada is busy with other things right now, like building new partnerships. The talks stopped last month because of
