Finance Minister Chrystia Freeland has announced that she is instructing the Financial Consumer Agency of Canada (FCAC) to take steps to increase access to no- and low-cost bank accounts for Canadians. This is part of a larger plan aimed at addressing the ongoing cost of living crisis. “Charges can accumulate when it comes to online …
Russia is “weaponizing” the mistake of inviting and honoring Yaroslav Hunka to Parliament, warned Deputy Prime Minister Chrystia Freeland on Thursday. Freeland told reporters that Canada needs to strongly oppose Russian President Vladimir Putin’s comments on the standing ovation given to Hunka in the House of Commons. Hunka was a Ukrainian man who fought for …
Canada’s top grocery executives have pledged to support the government’s efforts to control prices, according to Industry Minister Francois-Philippe Champagne. The executives of Canada’s largest grocery chains attended a summit in Ottawa on Monday to discuss affordability issues facing Canadians. Champagne described the meeting as historic and stated that the executives had accepted to work …
Bank of Canada Governor Tiff Macklem reaffirmed the central bank’s independence and defended its interest rate decisions in response to recent political commentary. Macklem expressed confidence in the Bank of Canada’s ability to fulfill its mandate of controlling inflation, emphasizing that maintaining independence is crucial. The Bank’s decision to hold its benchmark interest rate steady …
Decrease article font size Increase article font size Canada has decided to suspend its involvement with the China-led Asian Infrastructure Investment Bank (AIIB) while conducting an investigation into allegations of Chinese Communist Party dominance, according to Finance Minister Chrystia Freeland. This investigation raises the possibility of Canada withdrawing from the bank, which it joined in …