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Karl Schamotta, chief market strategist Corpay, talks about why the Canadian dollar is weaker than you might expect. Bank of Canada not ‘in a rush’ to rescue housing markets, says top strategist Rising petrol prices drive down profits at the pump: FP Video investigates

The ‘biggest knock’ against Canada’s trade numbers also undercuts one of Carney’s economic pillars, economist says

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Higher energy prices gave Canada’s trade surplus a big boost , but also masked some of the weaknesses the economy is experiencing, economists say. Canada’s trade surplus rose for the second consecutive month in April, Statistics Canada said on Tuesday, with export gains recorded in nine of the 11 product categories. Here’s what economists are…

The countries implementing social media bans for children, as Canada joins a growing list

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On Monday, a government official confirmed plans to propose a ban on social media use for children under the age of 16 in Canada. The bill is expected to be tabled on Wednesday and will include provisions that allow platforms to seek exemptions if they can demonstrate that their platforms adequately protect young users. It’s…

The terrifying day an Ontario judge and his court was held hostage in a bomb plot that was kept quiet

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One of the wildest days in Ontario’s courts has been revealed by a short appeal decision about the day a judge and everyone in his courtroom were held hostage in a terrifying bomb plot that has largely remained a secret. The shocking incident played out in cinematic style: twisting drama and high emotions, heart-pounding terror…

Israel is ‘the greatest decolonization project,’ Indigenous leaders tell Toronto summit

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The state of Israel is “the most successful land‑back project, the greatest decolonization project,” a New Zealand Māori activist told the first-of-its-kind Building Indigenous‑Jewish Friendship conference in Toronto on Monday. “From my Māori perspective, a key point is that there was always a continuous Jewish presence in the land; they kept the fires burning, and…

Posthaste: Sorry Uncle Sam, U.S. Treasuries just got toppled from the world’s foreign reserve throne

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Who are the biggest gold bugs of them all? Central banks apparently. Bullion has now overtaken U.S. Treasuries as the largest share of foreign reserves held by central banks, the European Central Bank recently confirmed. The yellow metal’s share in official reserves rose to 27 per cent at the end of 2025, while U.S. Treasuries…

Canada’s economy posts biggest trade surplus in more than a year

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Canada posted a trade surplus for the second consecutive month in April, driven primarily by higher prices for oil and energy. The $2.7 billion surplus was the largest since January 2025 and followed a $1.8 billion trade surplus in March — the first trade surplus since September 2025 — and a $5.1 billion trade deficit…

Air Canada pilot under investigation for flying without proper licence

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Police in Ontario are expected to release more information this morning about a senior Air Canada pilot who logged hundreds of commercial flight hours without the proper licence last year and is now subject of a criminal investigation. Peel Regional Police will hold a news conference at 11 a.m. EST, during which they will talk…

‘The devil made him do it:’ Ontario man sexually abused adopted daughter and family friend

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On the New Year’s Eve she was 13, her 64-year-old sexual abuser told his adopted daughter, “the devil made him do it.” The man, now 68, is identified only by initials in a recent Ontario Superior Court of Justice decision sentencing him to nine years in prison for sexually abusing his adopted daughter and a…

Ontario killer remains free, despite board’s fears of ‘significant threat’

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