Canada Financial News

Canadians with mortgages and those gearing up for a run at the housing market have plenty of decisions to make after back-to-back interest rate cuts from the Bank of Canada.

Climate Change Service, more records could be broken shortly.

India on Thursday asked Canada to take action against anti-India elements operating from its soil. The comments by External Affairs Ministry spokesperson Randhir Jaiswal came when asked about reports that Canada has charged two persons for threatening on social media to kill Prime Minister Justin Trudeau but such actions are missing against those threatening Indian leaders and diplomats.

Privacy Commissioner of Canada has opened an investigation into allegations that some Loblaw customers have been unable to delete their PC Optimum accounts.The office has received several such complaints, spokesman Vito Pilieci said in an email Tuesday.He said the office can’t comment further due to the active investigation.Loblaw spokeswoman Catherine Thomas said in an email Tuesday that the company has processes to respond to account deletion requests in a timely manner, and that it will fully co-operate with the privacy commissioner’s office.In an email to one complainant viewed by The Canadian Press, an investigator for the commissioner’s office said they have received “a high number of complaints” regarding attempts to cancel PC Optimum accounts.Several complainants allege they have tried several times to delete their accounts, and that Loblaw has been unresponsive to their queries, the investigator wrote.Loblaw did not respond to a request for comment Wednesday regarding the specifics in the email.The PC Optimum loyalty program has more than 16 million active users, according to Loblaw’s 2023 annual report.The Office of the Privacy Commissioner oversees compliance with the Personal Information Protection and Electronic Documents Act (PIPEDA) as well as the Privacy Act.According to their website, PIPEDA “sets the ground rules for how private-sector organizations collect, use, and disclose personal information in the course of for-profit, commercial activities across Canada.”Personal information under PIPEDA includes details such as a person’s name, age, income or ID number.

Hitting the streets from Vancouver’s west coast to Nova Scotia’s eastern shores, electric scooters are zooming into Canadian cities, embraced as a convenient and eco-friendly mode of transportation.

Just as the central bank’s last 25-basis point rate cut did little to move the housing market, this one probably won’t either, says Clay Jarvis, Nerdwallet Canada’s mortgage and real estate expert. An overnight rate of 4.5 per cent is unlikely to unleash homebuyers’ pent-up demand, he said.

The Bank of Canada on Wednesday cut its interest rate by 25 basis points for a second time in a row, citing a pullback in household spending on both consumer goods and housing as a reason to bring the rate down to 4.5 per cent even as price pressures in shelter and services continue to keep inflation elevated.

Stephen Brown, deputy chief North America economist with Capital Economics, said the Bank of Canada’s comments suggested it would keep cutting rates if inflation continues to ease.

The Trudeau government is like a band that only knows one tune: more spending/higher taxes.

Canadian financial institutions say they are lowering their prime lending rates to match the decrease announced by the Bank of Canada.

men's basketball team at the Paris Olympics 2024 as Team USA are the clear favorites when it comes to the gold medal in basketball.

The Bank of Canada cut its benchmark interest rate by a quarter of a percentage point on Wednesday, the second straight reduction in the central bank’s easing cycle.

With last week’s rumour about the political demise of Finance Minister Chrystia Freeland proven greatly exaggerated, advocates of open banking in Canada can breathe a sigh of relief that this project won’t be derailed by changes to cabinet.

Bank of Canada interest rate cuts may be coming too little, too late for many Canadians, two polls this week suggest.

The Treasury Department is ordering the nation’s banking industry to start disclosing its holdings of Russian assets, with the goal of eventually seizing those billions of dollars in assets and selling them to aid the devastated Ukrainian economy

The Alberta government said it has questions and will be looking into the messaging used in evacuation orders issued Monday night amid a wildfire in the Jasper region.

Used car prices in Canada are coming down from last year’s peaks thanks to a surge in inventory and buyers shifting back to the new vehicle market, according to a new report.

The Bank of Canada is set to deliver its next interest rate decision on Wednesday as many economists and market watchers expect a second consecutive cut in borrowing costs.

Rotterdam’s police have played a crucial role in dismantling an extensive “pig butchering” scam, a fraud operation preying on victims via dating and social media platforms before siphoning off their savings.

ad-free plan will replace Netflix's Basic ad-free option, which will be phased out in the US and France. As a result, customers will have to pick between the two. This move is in line with Netflix's last one, which ended the Basic plan for new users in the summer of last year and later for current users in the UK and Canada. Uncertainty surrounds whether members would be automatically transferred to an alternative plan, although a spokeswoman stated that impacted users have been alerted and have 30 days to switch plans, as per the reports of Microsoft Start News.

U.S. Centers for Disease Control and Prevention, dogs that have spent the prior six months only in dog rabies-free or low-risk rabies countries, such as Canada, will now be able to enter with a CDC import form online submission receipt as acceptable documentation.This form can be filled out on the day of travel and the receipt can be shown to airlines and border officials as a printed copy or by phone.