Canada Financial News

Canada is reviewing how many long-term visas it grants to foreign students, underscoring the government’s desire to slow immigration and population growth.

The International Monetary Fund is upgrading its forecast for the Canadian economy, projecting it will now grow by 1.3 per cent this year and by 2.4 per cent in 2025, according to a report released Wednesday.

Mark Holland slammed the regulations, stating they were not “thought through well.”Canada was “surprised and blindsided” by the U.S. announcement of new regulations, Holland said while speaking to the media on Wednesday. The rules state that dogs entering the U.S.

data just published by the federal Treasury Board. On March 31, 2015, the last full fiscal year that the Harper Conservatives were in power, the civil service population was 257,034.

Piyush Goyal has called for enhancing collaborations among trusted partner countries for smooth supply of critical minerals, semiconductors, pharmaceuticals, and green energy, an official statement said on Wednesday. The minister proposed this collaboration during the G7 Trade Ministers' meeting at Reggio Calabria, Italy. He also highlighted the importance of analyzing global supply chains' robustness in times of crisis like pandemic, Ukraine-Russia conflict, and Red Sea crisis. Goyal said that efforts are on in various countries to build resilient supply chains under platforms like the G20 Generic Framework for Mapping GVCs (global value chains), the 14 Member IPEF (Indo-Pacific Economic Framework for Prosperity) association, Trilateral Supply Chain Resilience Initiative (SCRI), and India-EU TTC (trade and technology council).

National Bank of Canada is raising an additional $20 million in connection with its planned acquisition of Canadian Western Bank, according to people familiar with the matter.

Married couple David* and Felicia are 64 and 54, respectively, newly retired and seem at first glance to have enough to maintain their desired lifestyle, but they have concerns about growing their nest egg, saving on taxes and getting a different perspective.

The divergence in interest rates between Canada and the United States became a hot topic and a percolating worry for economists when it looked like the Bank of Canada would feast on cuts while the U.S. Federal Reserve sat pat.

Coal: The challenge in weaning away from coal for power generation (accounts for 75% generation, 50% carbon emission) lies in developing round-the-clock (RTC) alternate supplies at affordable prices. While solar tariffs are competitive, for the short to medium term, the complementing low-carbon capacities for RTC supplies are currently expensive (battery), or risk laden (hydel resources). The supply security in meeting the rising demand is equally important.

aerospace major Pratt & Whitney on Wednesday announced the establishment of a new Customer Service Centre (CSS) in Bengaluru. As part of the company's India Capability Centre, the new facility will drive customer service and operations support for Pratt & Whitney Canada's 68,000 engines in service globally, the company said. Co-located with Pratt & Whitney's supply chain operations, engineering, and digital transformation centres of excellence in India, CSS will deliver a range of services such as MRO support, spare part management, engine leasing, engine reliability analysis and contract administration. The facility will employ over 150 aerospace experts and engineers who will support a global customer service ecosystem, it added.

Canada’s annual inflation rate slowed to 2.7 per cent in June from 2.9 per cent a month earlier, a softening that removes at least one obstacle to another potential Bank of Canada interest rate cut next week.

Last week was a busy one for Prime Minister Justin Trudeau. Leaks undermining his finance minister surfaced, as did reports that he was courting former Bank of Canada governor Mark Carney. But the biggest splash was in the New York Post, which reported that Canada quietly spent US$6.63 million (C$9 million) to buy a lavish condo overlooking Central Park on Billionaires’ Row in Manhattan, which we later learned is meant to house our consul general, former broadcaster Tom Clark.

There are many successful Canadians who are exploring or outright leaving this country. Reliable statistics are hard to come by, but tax practitioners such as myself have been kept very busy because economic and taxation policies matter, especially the messaging surrounding such policies.

CBC releases the trailer for Season 2 of the anthology drama Plan B. The new season features a new cast and a fresh story centered around time travel.

June’s consumer price index inflation data should be a welcome sign for Canadians hoping for an interest rate cut next week, according to some of the country’s top economists.

A rather gloomy outlook from the Bank of Canada‘s business and consumer surveys yesterday had some economists questioning whether the central bank might have waited too long to pull the trigger oninterest rate cuts.

Canada’s large pensions are facing rising losses from real estate investments, according to a sector report by Fitch Ratings Inc., which concluded that fund titans are nevertheless well-positioned to absorb near-term market swings.

A serial sex offender known as the “balaclava rapist” for attacking 23 women in Edmonton more than 40 years ago has been granted full parole while he continues to serve three consecutive life sentences.

New strict border rules for dogs come into effect on Aug. 1 and it may mean owners will have to leave their canine companion at home before crossing into the U.S.

The Bank of Canada will get one final read of inflation figures this week before it has to make its next interest rate decision, with some economists predicting a return to cooling will fuel hopes for another cut.

Investment in digital asset products surged last week despite market volatility, with inflows totaling $1.44 billion.