As the likelihood of a Greek debt default grows, Canada’s finance minister is bracing for the worst. “Ultimately the whole world would be affected if there were a bank meltdown, a credit crunch coming out of Europe,” Jim Flaherty told Sun News Network in Whitby, Ont., just east of Toronto. Flaherty says he and Canadian [...]

During the next month in Calgary, Canadian Immigration will hold consultations on hiring temporary foreign workers, Canada’s immigration minister announced. “Over the summer, I held consultations across the country on our overall immigration levels,” Immigration Minister Jason Kenney said. “From what we heard, primarily in Alberta, there is also a need to seek input specifically [...]

The Toronto stock market was down nearly three per cent as losses accelerated Monday afternoon amid weaker commodity prices and fresh anxiety over a potential default by the Greek government on its loans. The S&P/TSX composite index was down 2.7 per cent or 329.5 points at 12,058. The TSX Venture Exchange lost 47.4 points to [...]

A new study on Canadian immigration policy has found that immigrants who come to Canada as independent skilled migrants had “consistently and substantially” the highest earnings of four categories of immigrants. The researchers concluded that Canada should continue to focus on skilled migration. The researchers also hope that their study will influence future Canadian immigration [...]

A four-metre bronze statue of Nike, the Greek winged goddess of victory, is to be erected on the Cordova Viaduct in downtown Vancouver. The city issued an Aug. 5 notice of intent to hire the Ausenco Sandwell engineering firm for a $25,000 no-bid contract to “provide foundation designs and supervisions of its construction.” The notice [...]