Ottawa

Bank of Canada raises benchmark interest rate to 1.25%

Ottawa - Muslimchronicle

The Bank of Canada raised its benchmark interest rate by 25 basis points to 1.25 percent Wednesday, pointing to sustained growth in the G7 economy and inflation that is closer to the country's target. For 2018, the central bank put GDP growth at 2.2 percent, slowing to 1.6 percent in 2019 -- a slower pace than the estimated 3.0 percentRead more

Joshua Boyle, ex-Taliban hostage, faces 15 criminal charges in Canada

Ottawa - Muslimchronicle

A Canadian man freed in 2017 nearly five years after being abducted in Afghanistan has been arrested in Ottawa and faces several charges, including assault and forcible confinement, his lawyer said on Tuesday. Joshua Boyle, his wife Caitlin Coleman and three children arrived back in Canada last October. At the time he said one of his children had been murderedRead more

Washington, Ottawa clash

Washington - Muslimchronicle

US trade officials are expected to confirm massive tariffs on Bombardier planes Tuesday in a case that has inflamed relations between Washington and Ottawa. The trade dispute stems from a complaint by US aerospace giant Boeing against its Canadian rival that found a receptive ear in President Donald Trump, whose "America First" agenda has included taking a tough line in matters of internationalRead more

Inuit artists to represent Canada

Ottawa - Muslimchronicle

A group of Inuit artists that focused video camera lenses on their Arctic culture and lifestyle will represent Canada for the first time at the 2019 Venice Biennale in Italy, it was reported Tuesday. The National Gallery of Canada has designated the artist collective Isuma, a video production company founded in 1990, to "preserve Inuit culture and language and to present Inuit stories" toRead more

ruthless tycoon who revolutionized Canada drug industry

Ottawa - Muslimchronicle

Barry Sherman drove an old car and gave away tens of millions of dollars to charities while building Apotex into one of Canada's largest pharmaceutical companies. He and his wife Honey were widely mourned and praised for their philanthropy following their untimely deaths, but the Apotex chief antagonized many and faced accusations that he gouged consumers and smeared opponents during hisRead more

Billionaire founder of Canada drug firm

Ottawa - Muslimchronicle

Canada's global pharmaceutical giant Apotex has confirmed the death of its billionaire founder Barry Sherman, after police reported two "suspicious" deaths at the couple's upscale Toronto home. Police did not identify the victims, who were found on Friday, but Canadian media named them as Sherman and his wife Honey, prominent Canadians whose deaths sparked an outpouring of grief among theRead more

Canada boosts protection for endangered whales

Ottawa - Muslimchronicle

The Canadian government said Wednesday it will boost protection for two species of endangered whales. Since June, 12 North Atlantic right whales have been found dead in the Gulf of St. Lawrence, which is home to nearly a quarter of the last 458 specimens of this kind of whale. Canadian environmentalists say it is among the most threatened in theRead more

Canada embassy to remain in Tel Aviv: Trudeau

Ottawa - Muslimchronicle

Prime Minister Justin Trudeau made it clear Thursday that Canada's embassy in Israel would remain in Tel Aviv, in a split with its neighbor and ally, the United States. "We will not be moving Canada's embassy from Tel Aviv," Trudeau said during a visit to Guangzhou, China, broadcast nationally in Canada. Trudeau was reacting to US President Donald Trump's recognitionRead more

Canada central bank keeps key lending rate at 1 pct

Ottawa - Muslimchronicle

Canada's central bank on Wednesday maintained its key lending rate at one percent, saying it expects an uptick in the economy to moderate as the year comes to an end. Job creation, consumer spending and business investment have been strong in 2017, but there is "considerable uncertainty" in geopolitics and trade policies that could negatively impact growth, it said. source:Read more