Canada

Canada's deep yield curve inversion adds to BoC rate hike dilemma

TORONTO, Dec 4 (Reuters) - As the Bank of Canada considers ditching oversized interest rate hikes, it is dealing with an economy likely more overheated than previously thought but also the bond market's clearest signal yet that recession and lower inflation lie ahead.

Canada's central bank says that the economy needs to slow from overheated levels in order to ease inflation. If its tightening campaign overshoots to achieve that objective it could trigger a deeper downturn than expected.

Canada launches new Indo-Pacific strategy, focus on 'disruptive' China

OTTAWA, Nov 27 (Reuters) - Canada launched its long-awaited Indo-Pacific strategy on Sunday, vowing more resources to deal with a "disruptive" China while working with the world's second-biggest economy on climate change and trade issues.

The 26-page document outlined C$2.6 billion ($1.9 billion) spending, including to boost Canada's military presence and cyber security in the region and tighten foreign investment rules to protect intellectual property and prevent Chinese state-owned enterprises from snapping up critical mineral supplies.

Mexican asylum seekers set their sights north — on Canada

MONTREAL (AP) — Pedro Meraz says living in Colima, Mexico, was like living in a war zone, with shootings, burning cars and dismembered bodies being left outside of schools.

When his wife Rocio Gonzalez, a 28-year-old lawyer who worked with abused women, began receiving death threats from a cartel and the local authorities ignored her pleas for assistance, they knew they had to leave.

Homicide rate of Indigenous victims disproportionally high in Canada: statistics

OTTAWA, Nov. 21 (Xinhua) -- The national homicide rate in Canada rose by 3 percent in 2021 with that of Indigenous victims remaining disproportionally high, Statistics Canada revealed Monday.

According to the national statistical agency, in 2021, police services reported 788 homicides in Canada. This represented 29 additional homicides compared with the previous year and a third consecutive increase since 2019. Consequently, the national homicide rate rose to 2.06 homicides per 100,000 population, compared with 2020.

Former Canada intelligence agent calls for UK to repatriate Shamima Begum, acknowledging agency's role to traffick her to Syria

20 Nov 2022; MEMO: A former senior Canadian intelligence officer has called for the UK to repatriate Shamima Begum due to the role of her former agency in the girl's trafficking to Syria seven years ago.

Huda Mukbil, formerly a senior officer at the Canadian Security Intelligence Service (CSIS) says the agency's operatives broke their own rules as it handled a covert source who served as a trafficker for Begum and her friends in 2015.

Canada: Permanent residents can now be part of military; Indians likely to benefit

Toronto, Nov 14 (PTI) The Canadian Armed Forces (CAF) have announced that permanent residents, which includes a large number of Indians, will now be allowed to enlist, as the military struggles with low recruitment levels, according to a media report.

The move also comes five years after the Royal Canadian Mounted Police (RCMP) announced that they're changing their "outdated recruitment process" which will allow permanent residents who have lived in Canada for 10 years to apply, CTV News reported.

'Perfect storm' swirls as Canadians face hot inflation, rising rates

OTTAWA/WINNIPEG, Manitoba, Oct 30 (Reuters) - At a warehouse on an industrial stretch in Ottawa, giant metal crates of donated groceries are piled high as volunteers sort canned goods, pasta and other foods to be distributed to pantries around the Canadian city.

Demand has surged 33% at the Ottawa Food Bank from pre-COVID-19 pandemic levels, with visits up as spiraling grocery, gas and rent prices, along with fast-rising borrowing costs, leave more Canadians struggling to make ends meet.

Canada raising money for Ukraine with sale of bonds

WINNIPEG, Oct 28 (Reuters) - Canada will sell a government-backed, 5-year bond to raise money for Ukraine, the first country to do so, and it will impose new sanctions on 35 Russian individuals, including Gazprom (GAZP.MM) executives, Prime Minister Justin Trudeau said on Friday.

"Canadians will now be able to go to major banks to purchase their sovereignty bonds which will mature after five years with interest," Trudeau told an annual meeting of the Ukrainian Canadian Congress in Winnipeg.

Canada sanctions more Russians, offers bonds for Ukraine

WINNIPEG, Manitoba (AP) — Canada’s government announced Friday it is imposing sanctions on 35 more Russians in response to that country’s invasion of Ukraine and issuing bonds that individuals can purchase to support the Ukrainian government.

Prime Minister Justin Trudeau said the group being sanctioned includes leaders of Russian state-owned energy company Gazprom and six energy sector entities.

“As Russia continues its illegal and unjustifiable aggression against Ukraine, Canada will continue to support the Ukrainian government and people,” Trudeau said in a statement.

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