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Afghanistan envoy defying Taliban to keep Canadian embassy running – National

Afghanistan’s pre-Taliban envoy has kept his country’s Ottawa embassy running in the hopes that democracy will eventually return to his homeland, as he asks Canadians to fight “gender apartheid.” “There is a need for greater advocacy efforts in support of women and girls in Afghanistan,” said Hassan Soroosh, the ambassador …

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Canada’s banks brace for possible wave of loan defaults. Why that matters – National

Earnings week for Canada’s biggest banks saw the country’s major lenders move in lockstep ahead of a projected economic downturn, with each putting more money away for a possible rise in credit losses. Experts say the more expensive cost of borrowing in Canada and the possibility of job losses could …

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Bank of Canada expected to hold interest rate under planned pause on hikes – National

One year after the Bank of Canada’s aggressive rate hike cycle began, economists widely expect the central bank will stick to its plan of holding its key interest rate steady at its next scheduled announcement. In making its rate decision next week, the central bank likely feels assured about its …

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Indigo says hacked employee data may appear on ‘dark web’ this week, won’t pay ransom – National

Indigo, Canada’s biggest bookstore chain, says it expects data of current and former employees stolen in a ransomware attack last month to appear on the “dark web” as soon as Thursday, but will not pay a ransom to the “criminals” responsible. An updated section of Indigo’s website — which was …

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Canada’s economic growth was essentially flat in Q4, StatCan says – National

Canada’s gross domestic product (GDP) was “nearly unchanged” in the last quarter of 2022, Statistics Canada said Tuesday, ending a prolonged period of economic growth. Heading into the fourth quarter of 2022, the economy had grown for five consecutive quarters. Statistics Canada also said real GDP declined by 0.1 per …

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A look back at one year of courage, survival and war in Ukraine – National

Thousands dead. Millions forced to flee. Cities and towns reduced to ruins. A world on the brink of deeper conflict. A year after Russian President Vladimir Putin launched his invasion of Ukraine, the war on Europe’s doorstep is showing little sign of easing. If anything, Putin’s unwillingness to back down …

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Canadian banks set to report Q1 earnings as slowdown expected ahead – National

Canadian bank stocks have been riding a wave of investor optimism so far this year, but analysts say the first-quarter results that start arriving later this week will be a reminder of the mixed economic picture ahead. On the positive side are the signs of easing inflation and job reports …

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China, Russia could target Canada’s AI sector, spy agency warns – National

Canada’s spy service warns that adversaries will turn to espionage and foreign interference tactics to target the country’s increasingly important artificial-intelligence sector. The Canadian Security Intelligence Service says in a newly released analytical brief that countries including China and Russia can be expected to “pursue Canada’s AI through all available …

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Statistics Canada set to release January inflation rate as fuel prices soared – National

Statistics Canada is set to release its reading on inflation for January Tuesday morning. The federal agency’s consumer price index report will give insight on how high prices were in January compared with a year ago, as well as the month prior. Canada’s annual inflation rate has been slowing since …

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Canada yet to respond to Japan’s invite to rejoin timber organization – National

The federal Liberal government has yet to respond to a months-old invitation from Tokyo to have Canada rejoin a global environmental organization that regulates the timber trade. A July 2022 briefing note obtained through an access-to-information request shows that Japan has asked Ottawa to be part of the International Tropical …

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