Bank of Canada officials speak after interest rate announcement
Bank of Canada governor Tiff Macklem and senior deputy governor Carolyn Rogers give a statement and answer questions about the central bank's interest rate announcement.
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CBC
32 minutes ago
- CBC
U.S. ambassador says Canadians facing device searches, detainment 'not a pattern'
The U.S. ambassador to Canada is pushing back on Ottawa's travel advice, saying his country doesn't search phones at the border and arguing some Americans travelling to Canada are having a tough time. "We welcome Canadians to come in and invest, to spend their hard-earned Canadian dollars at U.S. businesses," U.S. Ambassador Pete Hoekstra told The Canadian Press in an interview Friday. "If a Canadian has had a disappointing experience coming into the United States, I'm not denying that it happened, but I'm saying it's an isolated event and it is not a pattern." In April, Ottawa updated its advice to Canadians travelling to the United States to warn them about the possibility they might be detained if denied entry. "Expect scrutiny at ports of entry, including of electronic devices," reads the new guidance. There have been reports of Canadians facing intensified scrutiny at the border, having phones searched and, in some cases, being detained. WATCH | Canadian visits to U.S. plummet over fears of new security measures: Canadian visits to U.S. plummet over fear of harsh new security measures 2 months ago Duration 2:08 Canadians are making fewer trips to the U.S. over fears about the Trump administration's harsh new security measures, including the heightened possibility of being detained. Statistics Canada says air travel is down 13 per cent, and land travel is down by almost a third. Hoekstra insisted concerns about device searches are not grounded in reality. "Coming to the U.S., that's a decision for the Canadians to make. Searching devices and all of that is not a well-founded fear. We don't do that. America is a welcoming place," he said. Americans also scrutinized at border: Hoekstra He said some Americans have expressed similar concerns about Canada. "I've heard that from Americans coming into Canada as well, OK? Saying, 'You know, we've not received a warm reception when we've gotten to Canadian customs,'" he said. When asked if these reports from American travellers involve arbitrary phone searches and lengthy detainment, Hoekstra said there are consular cases of Americans complaining to the embassy about the Canada Border Services Agency (CBSA). "We've said, 'OK this may have been an isolated event. There may have been a Canadian border person who was having a bad day, and thought they'd take it out on, you know, somebody across the border,'" he said. In a statement, the CBSA said its officers follow a code of conduct and the federal ethics code that both require them to treat everyone equally, and that the agency investigates any complaints of mistreatment. "Employees are expected to conduct themselves in a way that upholds the values of integrity, respect and professionalism at all times," wrote spokesperson Karine Martel. "Treating people with respect, dignity and fairness is fundamental to our border services officers' relationship with the public and a key part of this is serving all travellers in a non-discriminatory way." Hoekstra said travel to the U.S. is up to individuals. "If you decide that you're not going to come down or whatever, that's your decision and you're missing an opportunity. There are great things to see in America," Hoekstra said. He also noted the case of CNN journalist Christiane Amanpour, who recently said she prepared to visit the U.S. last month as if she was "going to North Korea" — with a "burner phone" that didn't carry any personal information — only to experience a warm welcome. "It's like, [let's] get past the rhetoric and let's look at the real experiences that people are having here," Hoekstra said. Airlines have been cutting flights between Canada and the U.S. due to a slump in demand, and Flight Centre Travel Group Canada reported a nearly 40 per cent drop in flights between the two countries year-over-year in February. A survey in early May conducted by Leger Marketing for the Association for Canadian Studies found 52 per cent of respondents feel that "it is no longer safe for all Canadians travelling to the United States," with 29 per cent disagreeing and 19 per cent saying they were unsure. Roughly the same proportion said they personally feel unwelcome in the U.S. 2SLGBTQ+ groups have opted against attending World Pride events in Washington and United Nations events in New York, citing scrutiny at the border as the Trump administration scales back protections for transgender and non-binary people.
CTV News
an hour ago
- CTV News
Canada focusing on peace, energy security and new partnerships at G7 meeting: Carney
Prime Minister Mark Carney holds a press conference on Parliament Hill in Ottawa on Friday, June 6, 2025. THE CANADIAN PRESS/Sean Kilpatrick OTTAWA — Prime Minister Mark Carney says the G7 leaders' summit later this month in Alberta will see Canada seeking agreements in three key areas. Carney released a statement today saying Canada's top priority will be strengthening global peace and security, which includes countering foreign interference and transnational crime, as well as improving responses to wildfires. To spur economic growth, the prime minster says he will focus on improving energy security by fortifying supply chains for critical minerals and accelerating the use of artificial intelligence. As well, Carney says Canada will try to generate jobs by securing partnerships that will open new markets and generate big investments in infrastructure. Meanwhile, Carney says other discussions will explore securing a lasting peace in Ukraine, and reaching out to partners beyond the G7 to 'build coalitions with reliable partners.' The meeting, to be held in Kananaskis, Alta., from June 15 to 17, is expected to bring together leaders from the United States, the United Kingdom, France, Germany, Japan and Italy. 'Canada has what the world wants and the values to which others aspire,' Carney said in the statement. 'The G7 leaders' summit in Kananaskis is a moment for Canada to work with reliable partners to meet challenges with unity, purpose, and force. Canada is ready to lead.' This report by The Canadian Press was first published June 7, 2025. The Canadian Press
Globe and Mail
an hour ago
- Globe and Mail
TipRanks AI Sees More Upside in Palantir Stock (PLTR) Than Wall Street Does
Wall Street analysts have taken a cautious stance on Palantir Technologies (PLTR), with average price targets hovering around $100. However, TipRanks' A.I.-powered stock forecast of $148 tells a different story, predicting an upside of 23% from current levels. By analyzing a wide array of data points, including earnings sentiment, technical trends, and sentiment-based indicators, TipRanks' A.I. model projects a higher valuation for Palantir than the average analyst consensus. Confident Investing Starts Here: Palantir Earns Outperform Rating Backed by Solid Financials According to TipRanks A.I Stock Analysis, Palantir earns a solid score of 77 and an Outperform rating, reflecting its robust financial results and encouraging signals from its recent earnings call. The company's strong revenue growth, expanding margins, and confident management commentary have boosted investor sentiment. Notably, Palantir reported 39% year-over-year revenue growth in Q1 2025, beating its guidance by nearly 350 basis points. Meanwhile, U.S. revenue was particularly impressive, rising 55% year-over-year. Additionally, the company's U.S. commercial business crossed the $1 billion annual run rate milestone for the first time, fueled by 71% year-over-year growth. Despite facing some headwinds in international markets, Palantir's strategic emphasis on AI and deepening presence in the U.S. government and defense sectors positions it well for long-term growth. TipRanks analysis further stated that while the high valuation may prompt some caution, the company's AI-driven solutions and execution strength continue to make a compelling case for future upside. From a technical standpoint, momentum indicators point to continued bullishness, although the stock's current valuation may be running ahead of fundamentals. What Is the 12-Month Forecast for Palantir? On the other hand, Wall Street holds a cautious stance on PLTR stock. According to TipRanks consensus, PLTR stock has a Hold rating, based on three Buys, 11 Holds, and four Sells assigned in the last three months. The average Palantir share price target is $100.13, which implies a downside potential of 16.5% from current levels. See more PLTR analyst ratings Disclaimer & Disclosure Report an Issue
