Board orders deportation for trucker in horrific Humboldt Broncos crash
The truck driver who caused the horrific bus crash involving the Humboldt Broncos junior hockey team has been ordered to be deported.
China on Sunday reappointed Yi Gang as head of the central bank in an effort to reassure entrepreneurs and financial markets by showing continuity at the top while other economic officials change.
Yi, whose official title is governor of the People's Bank of China, plays no role in making monetary policy, unlike his counterparts in other major economies. His official duties lie in "implementing monetary policy," or carrying out decisions made by a policymaking body whose membership is a secret.
But the central bank governor acts as spokesperson for monetary policy, is the most prominent Chinese figure in global finance and is in charge of reassuring bankers and investors at a time when China's economy is emerging from drastically slower growth.
At the March 5 opening of the annual session of China's rubber-stamp parliament, the National People's Congress, China announced plans for a consumer-led revival of the struggling economy, setting this year's growth target at "around 5 per cent."
Last year's growth fell to 3 per cent, the second-weakest level since at least the 1970s, putting president and head of the ruling Communist Party Xi Jinping under exceptional pressure to revitalize the economy.
A longtime veteran of monetary policy departments, Yi was first appointed governor of the People's Bank of China in March 2018, taking over from the highly regarded Zhou Xiaochuan.
Before becoming governor, Yi spent 20 years at the central bank after getting his Ph.D. from the University of Illinois and working as a professor of economics at Indiana University from 1986 to 1994.
He is also a co-founder and professor at Peking University's China Center for Economic Research.
The ruling Communist Party made a similar decision to opt for continuity in 2013, when then-PBOC governor Zhou, who already had been in the job for a decade, stayed on as governor while all other economic regulators changed.
Yi's reappointment came on the congress's penultimate day, which also saw Xi loyalists appointed as finance minister and head of the Cabinet planning agency to carry out a program to tighten control over entrepreneurs, reduce debt risks and promote state-led technology development. Incumbent Wang Wentao was reappointed minister of commerce.
A priority will be to manage corporate and household debt that Beijing worries has risen to dangerous levels. Tighter debt controls triggered a slump in China's vast real estate industry in 2021, adding to the COVID-19 pandemic's downward pressure on the economy.
At the same time, the ruling party is trying to shift money into technology development and other strategic plans. That has prompted warnings too much political control over emerging industries could waste money and hamper growth.
Xi has favoured promoting officials who sometimes lack the experience of their predecessors and exposure to global industry and finance markets. That reflects Xi's effort to purge the Chinese system of Western influence and promote homegrown strategies.
The truck driver who caused the horrific bus crash involving the Humboldt Broncos junior hockey team has been ordered to be deported.
The three people killed in last weekend's tragic collision between a speedboat and a fishing boat north of Kingston are being remembered Friday.
A gunman who is accused of killing a young Ontario man and shooting four of his family members at their small Mississauga restaurant in 2021 was allegedly part of a trio who had pledged allegiance to the listed terrorist group Islamic State, a Crown attorney said in an opening statement in the Brampton murder trial this week.
A sexually transmitted infection (STI) that was once thought to be a thing of the past is now a public health priority for North American doctors.
A pair of Purolator transport truck drivers from Guelph, Ont. are being hailed as heroes for their efforts in helping a person in crisis.
Stopping short of offering the assurance U.S. senators are seeking, Prime Minister Justin Trudeau said his government is aware there's more work to do in order to see Canada meet NATO's defence spending target.
Exhausted and short on options after consulting two veterinary clinics, Kristie Pereira made the gut-wrenching decision last year to take her desperately ill puppy to a Maryland shelter to be euthanized.
Pope Francis paved the way for the canonization of the first saint of the millennial generation on Thursday, attributing a second miracle to a 15-year-old Italian computer whiz who died of leukemia in 2006.
It began last month with the arrest of a Russian deputy defense minister. Then the head of the ministry’s personnel directorate was hauled into court. This week, two more senior military officials were detained. All face charges of corruption, which they have denied.
When one is extended an invitation to the Royal Garden Party in London, England, there's undoubtedly no shortage of pomp and circumstance. Barrie, Ont. natives Megan Kirk Chang and her husband Brandon experienced just that as they entered the prestigious event hosted at Buckingham Palace on Tuesday.
An unlikely celebrity emerged from social media to cheer on the Edmonton Oilers as they face the Dallas Stars tonight in Game 1 of the Western Conference Finals.
The proprietors of Regina's sole discount theatre are aware they're carrying on a significant legacy.
When Jujhar Mann said he wanted to be a pastry chef on a grade school career project, he didn't imagine that pursuing his dream would land him on a popular Netflix baking competition.
A city known for its history, ties to outer space and southern barbecue, is also home to a Winnipeg chef dishing out dozens of perogies.
A Montreal photographer captured the moment a Canada goose defended itself from a fox at the Botanical Garden.
Public libraries in Atlantic Canada are now lending a broader range of items.
Flashes of purple darting across the sky mixed with the serenading sound of songs will be noticed more with spring in full force in Manitoba.
Catching 'em all with impressive speed, a 7-year-old boy from Windsor, Ont. who only started his competitive Pokémon journey seven months ago has already levelled up to compete at a world championship level.