The Ontario Lottery and Gaming Corporation (OLG) has announced an exciting start to 2025, with a $60 million Lotto Max jackpot ticket sold in Etobicoke. The lucky winner from Tuesday’s draw now holds Ontario’s first major Lotto Max victory of the year! A Life-Changing Win in Etobicoke The $60 million prize is a life-altering amount, Continue reading
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AUD/USD on the Brink of Recovery: Analysts Predict a Push Towards 0.6350
The Australian Dollar (AUD) is showing early signs of a recovery against the US Dollar (USD), sparking optimism among traders and analysts. According to UOB Group’s FX strategists Quek Ser Leang and Lee Sue Ann, the pair may break above the key level of 0.6305, though 0.6350 remains a more distant target for now. The Continue reading
Salmonella Outbreak Across 5 Provinces Linked to Mini Pastries Sickens 61
The Canada Food Inspection Agency (CFIA) has issued a recall for a brand of Sweet Cream mini pastries following a salmonella outbreak that has affected 61 individuals across five provinces. This article covers the key details surrounding the recall, affected products, and the health risks involved. Salmonella Outbreak Affects Multiple Provinces The Public Health Agency Continue reading
What Happens if you Overcontribute to CPP in 2025? A Complete Guide
Navigating your tax return can be challenging, especially when it comes to Canada Pension Plan (CPP) and Quebec Pension Plan (QPP) contributions. Here’s a comprehensive guide to help you understand how to calculate and claim overpayments depending on your province or territory of residence as of December 31, 2024. What Are CPP and QPP Contribution Continue reading
USD/CAD Defends Bullish Momentum Amid Turbulence: Will the Breakout Materialize?
The USD/CAD currency pair has shown resilience, bouncing back from a one-month low of 1.4259 to chart a fresh four-year high at 1.4514. This recovery underscores the pair’s ability to weather volatile conditions as it remains in a tight trading range. Tight Trading Zone Holds the Key Despite the recent fluctuations, USD/CAD continues to oscillate Continue reading
Will a Weak Canadian Dollar Stoke Inflation? The Ripple Effect
As Donald Trump assumes the presidency in the United States, the specter of aggressive tariffs looms large. This could have profound implications for the Canadian economy, potentially driving inflation higher. Beyond direct trade confrontations, a weaker Canadian dollar could act as a catalyst for increased prices domestically, limiting the Bank of Canada’s ability to cut Continue reading
Why Will You Receive an Additional CPP Payment in 2025?
The Canada Pension Plan (CPP) has undergone significant changes in recent years, all aimed at increasing retirement income for working Canadians and their families. The CPP enhancement, which began on January 1, 2019, is a series of adjustments designed to provide higher benefits for those contributing to the plan. In 2025, these changes will continue, Continue reading
Feds Commit Nearly $100 Million in Grants to Advance Research Commercialization
The federal government has unveiled a $95.3-million funding initiative aimed at commercializing innovations from Canadian universities. Spanning five years, this significant investment seeks to bridge the gap between groundbreaking research and market-ready products, bolstering Canada’s global competitiveness in innovation. The Lab2Market Program’s Expansion Simon Fraser University (SFU) and the University of British Columbia (UBC) are Continue reading
Donald Trump Hints at 25% Tariffs on Canadian Imports Starting February 1
WASHINGTON – U.S. President Donald Trump has proposed implementing a 25% across-the-board tariff on Canadian imports as early as February 1. Speaking at the White House on Monday evening, Trump introduced this possibility while signing unrelated executive orders. “We are thinking in terms of 25% on Mexico and Canada because they are allowing vast numbers Continue reading
U of G Secures $16M to Lead National Agri-Food Innovation and Training Platform
A groundbreaking initiative led by the University of Guelph, in collaboration with key national partners, aims to position Canada as a global leader in agri-food innovation and entrepreneurship. Supported by a significant Lab to Market grant of nearly $16.3 million over five years, the Sustainable Food Systems for Canada (SF4C) platform is designed to drive Continue reading