Canada's carbon emissions declined slightly in 2023 from the previous year but need to fall much faster to meet Ottawa's 2030 climate target, the Canadian Climate Institute think-tank said on Thursday.

Oil and gas production hikes and rebounding air travel put a drag on Canada's climate progress last year, but a new report says the country was still able to make a modest cut to its planet-warming emissions.

New estimates published by a leading climate policy institute show Canada cut emissions by about one per cent last year compared to 2022, or eight per cent since 2005.

By Nivedita Balu and Manya Saini (Reuters) -TD Bank CEO Bharat Masrani will retire next year and hand over the job to the head of its Canadian banking unit Ray Chun, as Canada's second-biggest lender braces for expected U.

Masrani, who's been at the helm of the Toronto-based bank for a decade, will pass the torch to Raymond Chun next spring. Chun currently serves as TD's head of Canadian personal banking.

The announcement follows several recent measures aimed at controlling Canada’s record-high immigration levels, which have contributed to pushing the nation’s population beyond 41 million earlier this year.

Canada announced Wednesday it was slashing international student permits next year, and tightening foreign worker rules to further bring down the number of temporary residents in the country.

The Liberal government says it will slash the number of international student visas it issues by another 10 per cent.