As the Bank of Canada raises rates to combat inflation, it risks deflating the real-estate sector, which accounts for a significant proportion—20%—of the country’s GDP growth.
The deal calls for Centerra to yield control of its subsidiary Kumtor Gold and an affiliate to state-owned refiner Kyrgyzaltyn. In exchange for control, Kyrgyzaltyn is to transfer its 26% stake in Centerra back to the Canadian company.
Canada produces many of the same commodities as Russia, such as oil, nickel, wheat and potash, and countries are lining up to broker deals.
The move is a win for Prime Minister Justin Trudeau’s progressive agenda with plans to deliver $8-a-day child care.
A smaller left-wing party agrees to support the ruling Liberals until June 2025, in exchange for implementing progressive policy items.
Starting April 1, fully vaccinated travelers entering Canada by air, land or water will no longer be required to show proof of a negative Covid-19 test.
Fully vaccinated travelers will no longer need to show proof of a negative Covid-19 test beginning in April.
Prime minister’s approval ratings fall with public and lawmakers put off by divisive language about demonstrations against Covid-19 mandates.
Canada’s central bank said more rate increases would be necessary to curb inflationary pressures that are expected to heat up further because of the conflict in Ukraine.
Economic blockades and other demonstrations in opposition to Covid-19 vaccine mandates formed at border crossings and other parts of the country.
Prime Minister Justin Trudeau said his government no longer required emergency powers to deal with protests against Covid-19 restrictions, amid mounting criticism from civil-liberties groups and some Canadian politicians.
Police say they issued new information to financial institutions to ‘help inform’ decisions on unfreezing.
Canada instructed banks to unlock financial accounts belonging to individuals involved in a weekslong Covid-19 protest in Ottawa that police shut down this past weekend, according to a finance ministry official.
The Trudeau government’s plan has backing from the left-leaning New Democratic Party, though civil-rights groups say the measure is no longer necessary.
Officials across Canada remain on alert as similar protests emerge in British Columbia and elsewhere.
The protracted demonstration against Covid-19 vaccine mandates is now being met with hundreds of police officers from across the country.
Dozens of police officers moved in formation and made dozens of arrests to bring an end to a 22-day Freedom Convoy demonstration that has paralyzed Canada’s capital and blocked border crossings.
Authorities begin targeted arrests of protesters who have blockaded downtown Ottawa in demonstrations against Covid-19 mandates.
Ottawa police officers visited hundreds of vehicles parked downtown and in front of the national legislature, putting their owners and other protesters on notice that they must leave the demonstration zone or face arrest.
Trucks and other vehicles clogged the streets of Ottawa a day after the government invoked extraordinary emergency powers aimed at forcing protesters to leave.