Alberta, Ottawa, and five major oil sands producers have formalized a tripartite agreement to advance the Pathways carbon capture project while facilitating expanded crude production. Signed July 2 and made public Monday, the deal establishes a framework for regulatory and financial support intended to reach 10 megatons of emissions reductions by 2045 while filling expanded … Read more
ANZ and other major New Zealand banks, including ASB, BNZ, and Westpac, have raised floating home loan and business interest rates by 0.25% following the Reserve Bank of New Zealand’s decision to increase the official cash rate (OCR). These adjustments affect both new and existing borrowers, reflecting a broader shift in the national lending environment. … Read more
The Innu First Nation of Pessamit has voted to reject a $1.3-billion land-use and reconciliation agreement with the Quebec government and Hydro-Québec. According to referendum results overseen by lawyer Alexis Wawanoloath, 63 per cent of the community voted against the pact, which aimed to settle long-standing disputes over hydroelectric infrastructure on ancestral lands while securing … Read more
Two men were killed and four others injured during an exchange of gunfire at the Salsa on St. Clair festival in midtown Toronto on Saturday, July 12, 2026. Toronto Police Service (TPS) recovered two firearms from the scene and are currently seeking several suspects, according to Deputy Chief Frank Barredo. Details of the Salsa on … Read more
New Zealand is currently evaluating potential membership in the Ocean of Peace Alliance, a security pact recently established between Australia and Fiji. Associate Professor Anna Powles of Massey University’s Centre of Defence and Security warns that any formal commitment requires New Zealand to prove it has the financial and military capability to support its partners … Read more
The Reserve Bank’s decision to raise the Official Cash Rate (OCR) to 2.5% signals a shift in the economic landscape, forcing investors to reconsider traditional definitions of financial safety. While bank accounts are often viewed as the default “safe” harbor, rising inflation and a weakening New Zealand dollar mean that cash holdings may lose purchasing … Read more
New Zealand recorded the worst inflation-adjusted wage growth of any OECD country over the last five years, according to a recent employment outlook report from the Organisation for Economic Co-operation and Development. Real wages in New Zealand fell 6.4% below 2021 levels, leaving workers significantly worse off despite nominal pay increases. OECD Data Shows New … Read more
South Africa’s economy is entering a period of recovery as structural reforms in energy and logistics begin to take hold, according to Standard Bank Group. Chief economist Goolam Ballim projects the nation’s growth will reach 1.7% by 2027, outpacing the International Monetary Fund’s 1.3% forecast, as institutional capacity improves and infrastructure bottlenecks ease. Infrastructure Efficiency … Read more
Shipping traffic through the Strait of Hormuz has effectively stalled as renewed hostilities between the United States and Iran disrupt one of the world’s most critical energy chokepoints. According to Lloyd’s List Intelligence, no large vessel has crossed the strait via the U.S.-coordinated route while broadcasting its location since Tuesday, and transit levels have plummeted … Read more
Indian Prime Minister Narendra Modi arrives in Auckland late tomorrow. His visit marks the first time an Indian prime minister has visited New Zealand in four decades. His visit coincides with the release of an Infometrics report, commissioned by the Waitakere Indian Association, which values the Kiwi Indian community’s annual economic contribution at $37 billion—roughly … Read more