Mass immigration to Canada will keep a lid on inflationary pressures in the long run, but has also strained housing markets and helped to drive rent inflation to a 40-year high, says a Bank of Canada official.

Canada has received a C grade on flight safety and oversight — down from an A+ and far below most of its peers — according to a draft report from a United Nations agency.

The CEO of Athabasca Oil says the federal government’s new cap-and-trade emissions regulations throw a wrench into the company’s plans as it expects to return capital to shareholders.

Canada's financial intelligence agency says it has levied a $1.3-million penalty against CIBC for non-compliance with money laundering and terrorist financing measures.