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US Treasury Sanctions Eight Canadian Firms Over Alleged Iran Sanctions Evasion and Drug Trafficking Ties

US Treasury Sanctions Eight Canadian Firms Over Alleged Iran Sanctions Evasion and Drug Trafficking Ties

The United States Treasury Department has imposed sanctions on eight Canadian currency-exchange businesses, accusing them of facilitating transactions for sanctioned Iranian entities and engaging in money laundering. These measures are part of the Treasury's 'Operation Economic Outcast,' aimed at disrupting financial networks supporting the Iranian regime. The sanctioned firms, located in Ontario and British Columbia, include Million Exchange, Amin Exchange, and Cryptoyal. According to US Treasury Secretary Scott Bessent, Canada should not serve as a safe haven for illicit financial facilitators aiding the Iranian regime and its proxies. The Treasury also stated that some of these businesses converted Iranian rials and other currencies into digital assets like cryptocurrency and assisted an alleged head of a drug trafficking ring. The Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) confirmed its collaboration with the US Financial Crimes Enforcement Network (FinCEN) in this action, e...
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Zurich North America Funds Scholarship to Boost Diversity in Insurance Industry

Zurich North America Funds Scholarship to Boost Diversity in Insurance Industry

Zurich North America Funds Scholarship to Boost Diversity in Insurance Industry
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Chris Miller of American Enterprise Institute Highlights U.S. Semiconductor Supply Chain Vulnerabilities to China

Chris Miller of American Enterprise Institute Highlights U.S. Semiconductor Supply Chain Vulnerabilities to China

Chris Miller of American Enterprise Institute Highlights U.S. Semiconductor Supply Chain Vulnerabilities to China
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Self-Employed Canadians Rely on Credit and Savings to Meet Expenses, Report Finds

Self-Employed Canadians Rely on Credit and Savings to Meet Expenses, Report Finds

Self-Employed Canadians Rely on Credit and Savings to Meet Expenses, Report Finds
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Canada's Economy Experiences Third Consecutive Month of Job Losses Amid Trade Uncertainty

Canada's Economy Experiences Third Consecutive Month of Job Losses Amid Trade Uncertainty

Canada's economy recorded its third consecutive month of job losses in October, with a decrease of 4,700 jobs and an unemployment rate rising to 6.7%. This trend follows the breakdown of trade talks with the U.S. in August, which has heightened uncertainty and prompted businesses to implement hiring freezes and layoffs. The private sector saw a significant decline of 53,000 employees, marking the first such drop since February. These job losses are particularly noted in sectors like trade, manufacturing, and technology. Wage growth remains subdued at 2.2%, falling below the headline inflation rate of 3.1%, indicating a cooling job market. The Bank of Canada is now under increased pressure to maintain its key interest rate in December, with the odds of a rate hike decreasing to 33%.
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UMass Lowell to Host Virtual Study Abroad Information Session for Language Immersion

UMass Lowell to Host Virtual Study Abroad Information Session for Language Immersion

The Department of World Languages and Cultures (WLC) at UMass Lowell, in collaboration with the Office of Study Abroad and International Experiences, will host a virtual information session on November 16. The session aims to inform students about various study abroad programs, scholarships, and opportunities for linguistic immersion. The initiative encourages students to enhance their language skills, gain confidence, and experience new cultures by studying abroad. Featured destinations for these programs include Chicoutimi, Canada; Cadiz and Santiago de Compostela in Spain; and Florence and Modena in Italy, among others. The virtual event is scheduled from 4:30 p.m. to 5:30 p.m. and is designed to provide comprehensive details for students interested in pursuing language learning beyond the traditional classroom setting.
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After the US midterm rout of Trumpism, the world struggles to trust America again

After the US midterm rout of Trumpism, the world struggles to trust America again

The U.S. midterm rout of President Donald Trump's stewardship doesn't mean the world trusts America again
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U.S. Salaries Offer Significantly Higher Purchasing Power Compared to Canada in 2026

U.S. Salaries Offer Significantly Higher Purchasing Power Compared to Canada in 2026

U.S. Salaries Offer Significantly Higher Purchasing Power Compared to Canada in 2026
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Asia Pacific Foundation of Canada Engages in Arctic Security Discussions in Prague

Asia Pacific Foundation of Canada Engages in Arctic Security Discussions in Prague

The Asia Pacific Foundation of Canada (APF Canada) participated in discussions regarding Arctic security at the European Values Summit in Prague. Hema Nadarajah, Ph.D., APF Canada’s Senior Program Manager for Southeast Asia, joined other experts to explore security policies and democratic resilience across the Euro-Atlantic region. During a panel titled “Arctic Security Between Two Theatres,” Dr. Nadarajah emphasized the critical importance of the longevity of defense infrastructure in the Arctic. She highlighted that the region, serving as a link between the North Atlantic and North Pacific, relies on climate-ready infrastructure, domain awareness, environmental considerations, and strong partnerships with Indigenous communities to ensure its resilience and sovereignty. Additionally, Dr. Nadarajah took on the role of Canada’s prime minister in a tabletop crisis simulation to demonstrate escalation preparedness, underscoring the necessity of coordination, partnerships, and societal resilience among allies ...
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Federal Court Blocks DHS Rule Ending Duration of Status for International Students; Congress Considers Permanent Rejection

Federal Court Blocks DHS Rule Ending Duration of Status for International Students; Congress Considers Permanent Rejection

A federal court has temporarily blocked the Department of Homeland Security (DHS) from implementing its rule to end 'Duration of Status' (D/S) for international students nationwide, while litigation continues. This ruling is a significant, though not permanent, victory for international students, scholars, and educational institutions. The DHS rule aimed to replace the long-standing D/S policy, which allows international students to remain in the U.S. for the duration of their academic programs, with fixed admission periods, typically limited to four years. This change would introduce increased bureaucracy, costs, and potential delays, particularly affecting PhD students whose programs often exceed four years. DHS has appealed the court's decision, indicating that the legal battle is ongoing.
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George Washington University Seeks Research Security and Export Control Officer to Enhance Compliance

George Washington University Seeks Research Security and Export Control Officer to Enhance Compliance

George Washington University (GW) is actively seeking a Research Security and Export Control Officer to lead and manage its export control and research security compliance programs. This position, located within the Office of Research Integrity and Compliance (ORIC), will be responsible for developing and implementing policies and procedures, overseeing training, and providing expert advice to faculty, staff, and leadership on all export- and research security-related matters. The officer will monitor federal laws, rules, and regulations pertaining to export controls and research security, including the International Traffic in Arms Regulations (ITAR), Export Administration Regulations (EAR), and Office of Foreign Assets Controls (OFAC) regulations. The role involves collaborating with various university offices, such as the Office of the Vice President and General Counsel and the Office of Sponsored Projects, and liaising with government agencies to ensure compliance.
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Carney welcomes Democrats' push to end Trump's tariffs on Canada after midterm victory

Carney welcomes Democrats' push to end Trump's tariffs on Canada after midterm victory

Canadian Prime Minister Mark Carney welcomes a Democratic push to repeal U.S. President Donald Trump’s tariffs on Canada after their sweeping midterm victory