Canada

15 Feb

Prime Suspect in Canada’s Biggest Gold Heist Found Residing in Chandigarh: Report

Chandigarh (National Times): A 32-year-old former Air Canada manager, Simran Preet Panesar, who is wanted by Canadian authorities in connection with Canada’s largest gold heist, has been tracked down to Chandigarh, according to a report by The Indian Express. The Rs 173 Crore Gold Heist The high-profile theft took place in April 2023 at Toronto’s Pearson International Airport, where 6,600 gold bars weighing 400 kg, along with Rs 21 crore ($2.5 million) in foreign currency, were stolen from the airport’s cargo compound. The total value of the stolen goods is estimated at Rs 173 crore ($20 million), making it the…

12 Feb

Canadian Cities Face Major Economic Risks from U.S. Tariffs: Chamber of Commerce Report

nishuthapar10 CommentsCanadaCanada, Canadian economy, Steel and Aluminum tariffs, trade war, U.S. tariffs on Canada

Ottawa, February 12, 2025: A new study by the Canadian Chamber of Commerce has identified Calgary, Saint John (N.B.), and Windsor (Ont.) as the most vulnerable cities to U.S. tariffs, particularly in the oil, automotive, and manufacturing sectors. The U.S. Tariff Exposure Index, based on Statistics Canada trade data, assessed the impact of former President Donald Trump’s proposed 25% tariffs on all Canadian imports, which have now been enforced on steel and aluminum.Saint John, N.B., is the most at-risk city, home to Canada’s largest crude oil refinery, which exports over 80% of its output to the U.S. Other key exports…