The Immigration, Refugees and Citizenship Canada (IRCC) has finalized the 2025 study permit cap allocations, reflecting a 10% decrease from the previous year while expanding restrictions to include graduate students. The total number of study permits to be issued in 2025 has been set at 437,000, with 17% reserved for master’s and PhD students—a significant Continue reading
Month: February 2025
Bank of Canada Poised for Six Straight Rate Cuts Amid U.S. Tariff Fallout
In response to the economic turbulence triggered by Donald Trump’s 25% tariffs on Canadian goods, the Bank of Montreal (BMO) has significantly revised its interest rate outlook. The financial institution now projects that the Bank of Canada (BoC) will implement six consecutive quarter-point interest rate cuts, bringing the policy rate down to 1.5% by October. Continue reading
U.S. Goods Set to Spike in Price Across Canada as Tariffs Take Effect
In a major escalation of trade tensions, Prime Minister Justin Trudeau announced a sweeping 25% tariff on a wide range of U.S. products, set to make American goods significantly more expensive in Canada. The retaliatory move, unveiled on February 1st, targets $155 billion worth of American imports, with the first $30 billion in tariffs taking Continue reading
Trump’s Tariffs Spark Market Chaos: Dollar Surges, Global Stocks Tumble Amid Economic Concerns
Markets were left reeling on Monday after President Donald Trump’s decision to impose sweeping tariffs on key imports, leading to significant movements in global currencies and equity markets. The dollar surged while international markets plunged as traders scrambled to evaluate the broader economic impact of the tariff measures. Tariffs Hit Hard: Dollar Strengthens, Global Markets Continue reading
Ontario Braces for Major Snowfall and Freezing Rain This Week: Weather Alert from Environment Canada
Ontario residents are being warned to prepare for a significant winter weather event this week, as Environment Canada forecasts a multi-day snowfall and freezing rain storm that could impact the entire province. The storm is expected to bring a mix of heavy snow, freezing rain, and icy conditions, posing potential risks to travel, safety, and Continue reading
Walmart, Loblaws, and Other Ontario Stores Recall Hazardous Products: Health and Safety Concerns for Shoppers
Ontario residents are being urged to check their households for several recalled products from major retailers like Walmart and Loblaws this week. These items may present health hazards ranging from choking risks to burns and allergic reactions. Here’s what you need to know about the latest product recalls in Ontario: 1. Century Brand Flaked Light Continue reading
$25 Million Lotto Max Jackpot Won in Ontario: Lucky Willowdale Player Scores Big
Ontario is celebrating another huge win, as a lucky player in North York’s Willowdale neighborhood woke up $25 million richer after the Lotto Max draw on Friday, January 31. The Ontario Lottery and Gaming Corporation (OLG) confirmed that the winning ticket, which claimed the massive jackpot, was purchased in the Willowdale area. The fortunate winner Continue reading
Will Winter Weather End Early in Canada This Season?
As winter drags on, Canadians turn to an age-old tradition on Groundhog Day, hoping for a sign that warmer days are ahead. Each year on February 2, groundhogs across the country emerge from their burrows to predict whether winter will soon end or if freezing temperatures will persist for another six weeks. This beloved tradition Continue reading
15 Overlooked Canadian Tax Credits You Should Claim in 2025: Maximize Your Tax Savings
Tax season can be overwhelming, and many Canadians miss out on valuable tax credits simply because they don’t know they exist. Whether you’re a student, homeowner, caregiver, or worker, there are several tax benefits designed to reduce your overall tax burden. Here’s a detailed look at 15 Canadian tax credits you don’t want to overlook Continue reading
How Life’s Costs Have Changed: A Side-by-Side Look at Prices in 1995 vs. 2025
If you were born in 1995, brace yourself—you’re turning 30 this year! While that might make you feel nostalgic (or old), it also highlights just how much the world has changed over three decades. From the price of milk to buying a home, life in 2025 is staggeringly more expensive than it was in 1995. Continue reading