canada | DD News

September 18, 2024 12:56 PM

Bruised by fresh loss, Canadian PM Justin Trudeau shows no sign of stepping down

Doubts about the leadership of Canadian Prime Minister Justin Trudeau intensified after his ruling Liberal Party suffered a second humiliating loss in a special election, but the unpopular leader is determined to cling to office ahead of a looming national vote. The Liberals, who have governed for almost nine years, suffered a narrow defeat on Monday in a Montreal constituency that had been one of the party's safest seats. The loss, following a defeat in Toronto in late June, reinforced th...

September 6, 2024 6:25 PM

Backlash against immigrants challenges Canada’s welcoming image

A growing perception in Canada that immigration is to blame for some of the country's economic woes is fuelling a xenophobic backlash evidenced by a surge in reported hate crimes against visible minorities, advocates and community members say. Long a nation that took pride in welcoming newcomers, Canada is facing a reckoning over a sharp rise in the number of "temporary residents" such as international students and workers in recent years. Opinion polls show a growing slice of the public believ...

September 3, 2024 5:26 PM

Canada turning away more foreigners, approving fewer visas in border crackdown

Canada is closing its doors to more visitors and temporary residents by approving fewer visas and turning away more people who reach its borders with official documents. The spike in rejections of foreign travellers comes as Prime Minister Justin Trudeau's Liberal government, trailing in polls ahead of an election expected next year, tries to lower the numbers of temporary residents - and possibly permanent immigrants. Migrants have been blamed for the shortage and high prices of housing. Cana...

June 25, 2024 8:48 AM

Canada also considering imposing tariffs on Chinese-made EVs after US and EU

Canadian Deputy Prime Minister and Finance Minister Chrystia Freeland said that the country is considering whether to impose import tariffs on Chinese-made electric vehicles and will seek the public's opinion about the idea, Al Jazeerea reported. Freeland said on Monday, that the domestic car sector faced unfair competition because of China's "state-directed policy of overcapacity," adding that Ottawa would open a 30-day public consultation period on July 2 as to how Canada can respond. "Chine...

June 20, 2024 11:57 AM

Iran condemns Canada’s listing of Revolutionary Guards as terrorist group

Iran condemned Canada's listing of Iran's Islamic Revolutionary Guard Corps as a terrorist organization as "an unwise and unconventional politically-motivated step," Foreign Ministry spokesperson Nasser Kanaani was quoted as sayingby the semi-official Fars news agency on Thursday. "Canada's action will not have any effect on the Revolutionary Guards' legitimate and deterrent power," Kanaani said, adding that Tehran reserves the right to respond accordingly to the listing. On Wednesday, Ottawa ...

May 15, 2024 10:23 AM

GLOBAL MARKETS-Stocks rise, dollar drifts ahead of US inflation report

Asian stocks rose on Wednesday while the dollar drifted lower as traders weighed mixed U.S. producer price data and braced for the crucial consumer price report later in the day that is likely to influence the Federal Reserve's near-term policy path. MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.38%, scaling a fresh 15-month high earlier in the session. Japan's Nikkei gained 0.58%. Data overnight showed U.S. producer prices increased more than expected in April, indicating ...

April 18, 2024 3:50 PM

India’s FY24 pulses imports hit 6-year high as red lentil purchases jump

India's pulses imports in fiscal 2024 surged 84% year-on-year to their highest level in six years after lower production prompted India to allow duty-free imports of red lentils and yellow peas, government and industry officials said on Thursday. Higher imports by India, the world's biggest importer, producer and consumer of protein-rich pulses, have been supporting global prices and helping bring down stocks in exporting countries such as Canada, Australia, and Myanmar. India imported...

September 16, 2024 5:03 PM

Advent to buy Ryan Reynolds-backed fintech Nuvei in $6.3 bln deal

Private equity firm Advent International has agreed to buy Canada's Nuvei NVEI.TO in a deal that values the payments technology firm, which has received financial backing from actor Ryan Reynolds, at $6.3 billion. The deal, valued at $34 per share, will take Nuvei private almost four years after the company was listed on the Toronto Stock Exchange. The buyout of Nuvei, which has a market capitalization of nearly $4.42 billion, would make it one of the more sizable take-private deals at a time ...