Canada News

Canadian dollar up over 80 cents against US dollar for first time in two years

TORONTO, July 25— The Canadian dollar climbed above 80 cents against US dollar Monday morning amid a weaker US currency for the first time since June 30, 2015. The Canadian dollar rose because of strong data on manufacturing sales and a glowing assessment of the country’s economic outlook by the International Monetary Fund. The Canadian …

“Dreaming big”: Former astronaut Julie Payette to be next Governor General

OTTAWA—Former astronaut Julie Payette appeared emotional Thursday after being officially declared Canada’s next Governor General, taking a moment to salute her family, friends, and colleagues on Earth and a few above the planet. The 53-year-old from Montreal will become the fourth female to be the monarch’s representative in Canada when she is sworn in later …

Canadian dollar soars as Bank of Canada hikes interest rate, while TSX dips

TORONTO—The Canadian dollar soared to a level not seen in nearly a year Wednesday after the Bank of Canada announced it was hiking its key lending rate for the first time since 2010. The loonie was trading at an average price of 78.16 cents US, up 0.76 of a U.S. cent. The last time the …

‘The tide begins to turn,’ as central bank hikes rate for first time in 7 years

OTTAWA—The Bank of Canada has hiked its benchmark interest rate to 0.75 per cent from 0.5 per cent, its first increase in nearly seven years, amid expectations of stronger economic growth this year. Such a move is bound to increase the costs of mortgages, home equity lines of credit and other loans linked to the …

Alberta understands toll of wildfires, sending help to B.C.: premier

CALGARY—Alberta Premier Rachel Notley says her province understands all too well the toll wildfires can take and is sending help to those battling the blazes in British Columbia. Alberta has sent about 100 firefighters to B.C. to fight the flames along with another 60 people with experience in co-ordinating firefighting efforts. More than 230 wildfires …

Relatives of slain U.S. soldier want urgent freeze on Omar Khadr’s assets

TORONTO—The widow of an American soldier killed in Afghanistan will ask a Canadian court on Thursday for an urgent order aimed at preserving any money the federal government paid former Guantanamo Bay prisoner Omar Khadr for breaching his rights, new documents show. The motion before Ontario Superior Court asks for a freeze on his money …

B.C. orders more people to evacuate as wildfire situation deteriorates

ASHCROFT, B.C.—Angie Thorne hugged her granddaughter as she looked for the first time at the blackened pit where her home of 21 years had stood just days earlier. She and a caravan of friends and family drove up to the Ashcroft Indian Reserve on Sunday to see what remained after a wildfire engulfed the community …

Trudeau welcomed warmly by anti poverty activists on eve of tense G20 meeting

HAMBURG—Prime Minister Justin Trudeau’s sunny ways will be tested over the next few days amid tensions both inside and outside the gates of the G20 summit in Germany, where tens of thousands of protesters are already wreaking havoc. After protesters in Hamburg torched a Porsche dealership overnight, things appeared relatively calm through the day Thursday …

Alberta to spend $1.53 billion in carbon tax cash on Calgary transit expansion

CALGARY—Alberta plans to spend $1.53 billion in provincial carbon tax money to help bankroll a major Calgary transit project known as the Green Line. Premier Rachel Notley said the light rail transit expansion would create thousands of jobs, reduce pollution and improve the quality of life of Calgary residents by easing traffic congestion. She said …

Toronto teen’s death on school trip taking toll on students, staff: principal

TORONTO—The death of a Toronto teen who disappeared while swimming in a lake in Algonquin Park during a school trip has left students and staff grappling with grief, the school’s principal said Thursday. “It is a difficult moment for everybody, including myself, and I hope I don’t choke up this afternoon,” Monday Gala, the principal …

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