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This week, FP Video looks at the effect the war in Iran is having not just on the Bank of Canada’s interest rate decisions, but also on rising mortgage rates , airfares, the Canadian housing market and the price at the pump. Fares soar as airlines ‘take advantage’ of oil shock John Gradek, expert on…

When Andrew Scott decided to chase a career in music and give up his studies, it was only going to be temporary. “I’m not going to be in a rock band when I’m 30,” Scott told his mom. Thirty-five years later, he’s still making music with Sloan. His former school is giving him a prestigious…

A majority of Canadians believe Israelis are more likely to face prejudice as a result of the Iran war, according to a new survey. The survey is looking at “the impact of the War with Iran on Canadians’ views about groups that might associated with it — in the context of the wider middle east…

When Hamas terrorists invaded southern Israel on Oct. 7, 2023, Ran Gvili, a 24-year-old Israeli police officer on medical leave with a broken shoulder, nonetheless rushed to help. He helped evacuate Nova festival survivors, then fought at Kibbutz Alumim, near the Gaza border, where he fell in battle. His body was taken into Gaza, one…

A judge took a Toronto drug dealer’s race into account when he sentenced him for trafficking and possessing a loaded handgun while under a court-ordered firearm prohibition. The judge was persuaded that Brandon Caleb’s “life experiences flowing from his societal disadvantage and anti-Black racism normalized gun possession in his mind,” said the recent decision. “This…

The flag of the Islamic Republic of Iran is the nation’s official one. But some Iranian students at the University of Windsor say it doesn’t represent them. That’s why they want the flag at the student centre switched with the lion and sun flag.

The new head of Bank of Montreal’s United States operations is ramping up growth plans for the Canadian banking giant south of the border, hiring bankers, opening and revamping branches , and building out its wealth-advisement business. Bank of Montreal wants to generate 12 per cent of return on equity from the U.S. by the…

Bank of Nova Scotia is looking to increase its stake in Cleveland-based KeyCorp to as much as 19.99 per cent, up from prior permission for a 14.99 per cent interest. Scotiabank plans to acquire additional voting shares of KeyCorp, and thereby indirectly acquire voting shares of the company’s bank unit, KeyBank National Association, according to…

Markets are underpricing the supply shock stemming from the interruption of oil flows through the Strait of Hormuz. Rates are too low, equities too high and the dollar not strong enough relative to the move in commodities. The disruption has pushed most commodity prices significantly higher, and a quick resolution looks unlikely. What markets are…

As tighter immigration policies bring population growth to a halt, more than half of Canadians say the country should allow even fewer new immigrants and temporary residents in 2027 compared to this year. Some 52 per cent say the country should accept fewer people while 35 per cent believe it should accept the same amount,…