The Economic Impact of Canada Revised Immigration Targets

As Canada sets new immigration targets for 2024 and beyond, the implications for the economy are substantial. The Canadian government aims to welcome 485,000 new permanent residents in 2024, increasing to 500,000 in 2025 and maintaining that level into 2026. This strategic move emphasizes economic growth and addresses critical labor shortages in various sectors, particularly Continue reading

Incredible Offer: Public Mobile Launches $36/50GB 5G Plan Until October 31

Public Mobile has unveiled an enticing promotion for customers seeking affordable mobile data. Until October 31, 2024, users can take advantage of a $36/month plan that provides a generous 50GB of 5G data for use across Canada and the U.S. This new offer marks a reduction from the previous $39 plan, making it an attractive Continue reading

Ontario’s New Energy Strategy: Embracing Nuclear Power Over Carbon Pricing

Ontario is shifting its approach to reducing carbon emissions by advocating for nuclear power and innovative technologies rather than relying solely on carbon pricing. Energy Minister Stephen Lecce has been vocal about this strategy, emphasizing that a technological approach can be more effective than taxation in addressing the province’s environmental impact. In a recent interview, Continue reading

Bank of Canada Executes Significant Rate Cut to Stimulate Job Growth

In a decisive move to bolster economic activity and enhance job growth, the Bank of Canada (BoC) reduced its key policy rate by 50 basis points on October 23, 2024, bringing it down to 3.75%. This substantial cut reflects the central bank’s response to declining inflation and a slowing economy. Economic Context and Rationale Recent Continue reading

Canada Reduces Immigration Targets for 2025-2027 & Shift Towards Sustainable Growth

On October 24, 2024, the Honourable Marc Miller, Minister of Immigration, Refugees and Citizenship, unveiled the 2025–2027 Immigration Levels Plan, a pivotal strategy aimed at balancing population growth with sustainable development. This plan marks a significant departure from previous approaches by setting controlled targets for both permanent and temporary residents, with an emphasis on ensuring Continue reading

CAMH’s Transformational $200 Million Gift: The Identity of the Megadonor Revealed

The Centre for Addiction and Mental Health (CAMH) has made headlines with the revelation of a historic $200 million donation from prominent philanthropist Jim Pattison, a well-known Canadian businessman. This generous contribution is poised to significantly enhance mental health research and services, positioning CAMH at the forefront of advancements in mental health care in Canada. Continue reading

How to Minimize Mortgage Penalties When Breaking Your Mortgage Early

Here’s a detailed guide on minimizing mortgage penalties if you’re considering breaking your mortgage early to benefit from falling rates. Penalties for breaking a mortgage can vary widely depending on your mortgage type and lender policies, but several strategies can help reduce or avoid these fees: Breaking your mortgage means ending your contract before the Continue reading

Ontario to Restrict International Medical Students by 2026: Key Impacts and Goals

In a major policy shift, Ontario plans to restrict admissions of international students in medical schools beginning in 2026. The provincial government, led by Premier Doug Ford, intends to allocate 95% of medical school seats for Ontario residents, while the remaining 5% will be reserved for students from other Canadian provinces. This decision is part Continue reading

CRTC Promises Cheaper Internet Access for Canadians: Will This Time Be Different?

The Canadian Radio-television and Telecommunications Commission (CRTC) recently announced new interim wholesale rates for smaller internet providers accessing major telecom companies’ fibre networks, in a bid to lower internet costs and increase competition. This move is part of the CRTC’s ongoing strategy to address Canada’s high internet prices, but skepticism among consumers remains strong, as Continue reading

Ontario’s Affordable Energy Future: Path to Sustainable Growth and Lower Emissions

The Ontario government recently introduced Ontario’s Affordable Energy Future: The Pressing Case for More Power, a forward-looking plan addressing Ontario’s growing energy demands and the need for cleaner, more affordable energy. This report, along with the province’s first Integrated Energy Plan (IEP) set for release with a 2050 horizon, marks a historic approach to integrated Continue reading