This week’s offerings will add to the $15.5 billion of Canada green bonds issued since March 2022 under five previous transactions that issued bonds with maturities from 7 to 30 years. For this issuance, the government plans to issue a new 10-year green bond. This follows the October 2025 issuance of a new $1 billion 30-year bond and the $1.5 billion re-opening of the 7-year bond that was first issued in February 2025, both of which saw robust demand.

In June 2025, the government released the Green Bond Allocation and Impact Report 2023-24. Canada releases allocation and impact reports for investors and interested parties on an annual basis until full allocation of the net proceeds is achieved. These allocation reports detail the green eligible expenditures funded with the proceeds of each bond, while impact reports outline the environmental benefits of the expenditures and related social impacts where data is available.

Canada’s green bond program, launched in March 2022, is advancing Canada’s investments in clean growth, renewable energy, climate action, and environmental protection. Green bonds unlock private capital to speed up projects such as green infrastructure and nature conservation.

The government remains committed to regular green bond issuances. Projects funded by green bonds will grow Canada’s economy and create jobs across the country. Mobilizing capital through green bonds is an important tool of Canada’s strategy to achieve net-zero emissions by 2050.

The Government of Canada’s green bonds will meet demand from investors seeking green investment opportunities backed by Canada’s AAA credit rating, while contributing to the development of a stronger sustainable finance market both domestically and globally.

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The Federal Deposit Insurance Corporation said in a statement that in order to keep depositors’ money safe, FDIC Bank has talked to JP Morgan Chase Bank, National Association, Columbus, Ohio on a purchase agreement.

Now the deposits and entire assets of First Republic Bank will be transferred to them. The California Department of Financial Protection and Innovation said JP Morgan will now acquire all deposits, including uninsured and substantial assets.

The First Republic was unable to deliver any effective rescue plan and announced last week that the bank had lost $100 billion in deposits in the first quarter, causing the bank’s shares to fall.

A source, who did not wish to be named, said the federal government spoke to the FDIC when the bank’s situation worsened. Following this, the US Treasury Department contacted six banks last week to understand their interest in the assets of First Republic Bank.

First Republic Bank is the second largest bank in US history with assets of $ 233 billion and it has failed. Earlier in 2008, Lehman Brothers Bank went bankrupt.

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The Public Service Alliance of Canada (PSAC) union said contract negotiations would continue, as it called on its members working for the Treasury Board and the Canada Revenue Agency to begin strike action at midnight.

In Ottawa, one of 250 picket lines across the country, striking activists staged a sit-in in front of Liberal Prime Minister Justin Trudeau’s office in front of parliament and waved Union flags. Crystal Patterson, 32, who works for the Transport Ministry’s office that organises state flights for the prime minister and others, said her main issue is getting a contract that covers the recent increase in the cost of living.

The union, which has been in collective bargaining for a new contract since 2021, had set a deadline of 9 pm (0100 GMT on Wednesday) for a deal. The PSAC says it is the largest strike against a single employer in Canadian history. “We really hoped we wouldn’t be forced to take strike action, but we’ve eliminated every other way to reach a fair contract for Canadian federal public service employees,” said PSAC President Chris Aylward.

“The union, which has been in collective bargaining for a new contract since 2021, had set a deadline of 9 pm (0100 GMT on Wednesday) for a deal.”

The PSAC says it is the largest strike against a single employer in Canadian history. “We really hoped we wouldn’t be forced to take strike action, but we’ve eliminated every other way to reach a fair contract for Canadian federal public service employees,said PSAC President Chris Aylward.”

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In the federal budget presented this week, it has been said that the Canada Revenue Agency will present a plan in 2024 to increase services. Prior to this, the agency will consult stakeholders and community organizations. Automatic tax filing was first promised in the state speech delivered in 2020. The Liberals claim that this will greatly help Canadians in this era of inflation.

There was a demand for automatic tax filing by many experts so that vulnerable Canadians are not left out of any kind of benefits. Canadians are generally not required to file tax returns each year as long as they are not liable to someone, but the federal government is increasingly relying on the Canada Revenue Agency to provide canadians with income-based benefits.

These benefits include canada child benefit, canada housing benefit and temporary doubling of gst tax credit. In 2020, a report jointly prepared by Jennifer Robson, associate professor of political management at Carleton University, revealed that 10 to 12 percent of Canadians do not file their taxes at all.

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Based on the Consumer Price Index, which rose 6.8% in 2022, the increase will help make life more affordable for the approximately 26,000 Canadian workers who earn less than the current rate, the federal government said in a statement.

Meanwhile, the federal minimum wage applies to the federally regulated private sectors, including banks, postal and courier services, and interprovincial air, rail, road, and marine transportation.

The government said that federally regulated private-sector employers must adjust their payroll information with the new rate to ensure workers and interns are paid correctly as of April 1. Where the provincial or territorial minimum wage rate is higher than the federal minimum wage, employers must apply the higher rate.

“The cost of living is rising, so we’re making sure that wages keep going up too. We’re looking after workers, because that’s how you grow the economy and create more prosperity for everyone, ”said Minister of Labour, Seamus O’Regan Jr.

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He said that this reform will be done keeping in mind the rights of the passengers and it will be introduced in the spring session of Parliament. Earlier this year, Alghabra said Canadians could expect some amendments to the airline passenger bill of rights, but did not say what the changes would be. Now they say that they have identified the places to amend and they are working on them.

At a news conference, Alghabra was asked if he could end the trend of airlines rejecting compensation claims in the name of safety, he said, “Yes, it will be done.”

During a press conference at Toronto Pearson Airport, Alghabra said $76 million would be spent over the next three years to reduce the backlog of complaints at the Canadian Transport Agency (CTA).

He said that with this amount, the transport regulator will be able to recruit 200 more employees and 42,000 complaints registered so far can be eliminated immediately.

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The proposed changes were announced on Monday. Under this proposal, remote workers will also have to give at least eight weeks’ notice to the company at the time of being fired or implement the one-time salary rule. The same rule is followed by the employees working in their offices during large scale layoffs by the companies.

Introducing the proposal on Monday, Ontario’s Labour Minister Monte McNaughton said in a statement that even if an employee goes to the workplace on a daily basis and is working for a company from a remote place, no billion dollar company can treat its remote employees as second class.

Currently, under Ontario’s Employment Standards Act (ESA), if 50 or more employees are laid off by a company over a period of four weeks, the company has to give eight, 12 or 16 weeks’ notice to such employees to do so.

Remote workers are not protected when large-scale layoffs are carried out by a company because there is no such provision under Ontario’s existing labor laws. If this new bill is passed, then remote workers will also get the same protection as in-office workers.

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In a release, Judge Anders Schrack said he was surprised that the money had been stolen by one or more of the investigating police officers. Meanwhile, Defense Lawyer Kim Schofield said that in this case, only the justice system has acted the way it should have done because nothing else has worked.

Toronto police officers raided Andrew Rocha’s apartment on February 6, 2019. They recovered $19,390 in cash and half a kilo of cocaine. Rocha later said there was no trace of $6,000 in cash between the raid on his residence to the transportation of the money to the police station.

Schofield said the amount of cash with which the photos were taken by police officers at Rocha’s home was large, but the bundles that reached the police station were relatively small.

The judge has also not confirmed how much money is missing. But he did admit that close to $6,000 is missing after a comparative study of the photos. Schofield is taking an important step like contacting Toronto’s police professional standards unit to investigate the matter.

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Seattle-based Retail has six Nordstrom and seven Nordstrom rack stores in Canada, and on Thursday, the company announced the closure of all its Canadian stores by June this year. The company is also shutting down its e-commerce business.

Meanwhile, the company’s chief executive Eric Nordstrom said that the decision to close it in Canada was due to the regular evaluation done by the company.

In a statement, he said, “Despite all the efforts, we have not been able to find a profitable path to our Canadian business. Nordstrom is a department store chain that sells designer items. It first announced the expansion of business in Canada in 2012 and opened its first store in Calgary in September 2014 at the CF Chinook Center.”

The company then quickly opened its stores at the CF Rideau Centre in Ottawa, the CF Pacific Center in Vancouver, and the CF Eaton Center, the Yorkdale Shopping Center, and the CF Sherway Gardens in Toronto.

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With this, these interest rates will reach 4.5 per cent and it will be the highest since 2007.

The Bank of Canada has raised interest rates seven times since March to curb inflation that has crossed all limits. Economists believe that these interest rates will not be increased further by the bank after the increase to be made today.

How these interest rate hikes will affect Canadians’ spending habits will also be known over time. But the Bank of Canada is hoping that the economy will get back on track in the coming months and the situation will also be closely monitored by the bank.

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