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USD/CAD strengthens while the dollar remains stable, attention on Canada’s CPI.

USD/CAD strengthens while the dollar remains stable, attention on Canada's CPI.

The Canadian dollar lost earlier gains, with USD/CAD rising to 1.3800 during the early US sessions. The US dollar is making a slight recovery in light of the Trump-Zelensky meeting and an upcoming week packed with data, including the Federal Reserve Minutes and Jackson Hole discussions. Traders seem cautious ahead of Tuesday’s Canadian CPI report, […]

National Bank of Canada’s online systems are unavailable because of a technical problem.

National Bank of Canada's online systems are unavailable because of a technical problem.

The National Bank of Canada, which ranks as the sixth largest commercial bank in the country, is currently facing significant service disruptions impacting its online banking and mobile applications. Reports on social media indicate that the problems originated early this morning, with users encountering a “maintenance” message when attempting to log into their accounts through […]

Canada’s Prime Minister Carney addresses Trump’s rise in tariffs

Canada's Prime Minister Carney addresses Trump's rise in tariffs

On Friday morning, Canadian Prime Minister Mark Carney expressed his disappointment regarding his decision to raise the country’s tariffs to 35%. However, he hinted that there might still be opportunities for future trade agreements. Following a series of discussions with U.S. officials, President Trump opted to eliminate new tariffs that had been set to take […]

Canada’s envoy for antisemitism resigns during a historic rise in hate.

Canada's envoy for antisemitism resigns during a historic rise in hate.

On October 7, 2023, Canada saw a notable rise in anti-Semitism following violent events in Israel, leading to a staggering total of 920 hate crimes against Jewish individuals reported last year. This alarming trend has reignited discussions about Holocaust remembrance, and earlier this month, Deborah Lyons, Canada’s envoy for combating anti-Semitism, announced her resignation, citing […]

Canada’s Prime Minister Mark Carney once more reduces hopes for a Trump trade agreement.

Canada's Prime Minister Mark Carney once more reduces hopes for a Trump trade agreement.

Canadian Prime Minister Discusses Trade Negotiations with the U.S. Prime Minister Mark Carney of Canada described the ongoing trade talks with the United States as both “stimulating” and “complicated.” He expressed concern about meeting the August 1 deadline to avoid a 35% tariff on Canadian goods, suggesting that optimism was not in the air. His […]

Leaders of Canada’s ‘Freedom Convoy’ could face up to 8 years in prison.

Leaders of Canada's 'Freedom Convoy' could face up to 8 years in prison.

Leaders of the Canadian “freedom convoy” are facing prison sentences of up to eight years. Critics have described these proposed sentences as “abusive” and indicative of “political revenge.” This week, Tamara Lich and Chris Barber appeared in an Ottawa courtroom for a sentencing hearing following their April convictions for mischief linked to organizing truck driver […]

Canada’s answer to dependence on the US? Strengthening ties in Europe

Canada's answer to dependence on the US? Strengthening ties in Europe

G7 Summit Begins Amid Defense Spending Discussions At the start of the G7 Summit on Monday, Canadian Prime Minister Mark Carney seemed unbothered by Donald Trump’s jab about Canada being the “51st State.” He presented himself as the gracious host alongside the U.S. president, emphasizing the shared goals of the participating nations. Carney stated, “We […]