Canada Financial News
18.03 / 20:51
Platform
Caseys
Anthem
band
show
concert
Interviews
Long-running Boston band Dropkick Murphys suspended by Elon Musk from X; here's what they did
Dropkick Murphys found themselves locked out of their X (formerly Twitter) account this week following a string of sharp critiques aimed at Donald Trump, Elon Musk, and their supporters—a move critics likened to censorship tactics seen in authoritarian regimes. The suspension, which occurred late Monday, came after frontman Ken Casey doubled down on his years-long disdain for Trump during interviews and explosive concert moments, culminating in what fans call a “political silencing” under Musk’s ownership.
18.03 / 20:51
markets
economy
Election
Trade
Experts
War
International
Is the US headed for recession? Donald Trump, Elon Musk, and White House allies debate the economy as Wall Street signals trouble ahead
Historically, trade wars have proven economically corrosive. The 1930 Smoot-Hawley tariffs worsened the Great Depression by slashing international trade by 65%. While Trump’s team insists today’s globalized economy is more resilient, experts caution that modern supply chains are deeply interdependent—a single tariff can disrupt industries worldwide. As the 2024 election looms, the stakes couldn’t be higher: voters grappling with inflation may sour on “America First” policies if pocketbook pressures mount.
18.03 / 17:53
COST
UPS
economy
Fitch
reports
Disturbing sign of economic trouble: Recession fears surge as Americans default on car loans at record rates, echoing 2008 financial crisis warnings
US economy, a new pattern is surfacing among Americans as they are falling behind on car payments at a record pace, as per a report. This could be a warning sign similar to the 2008 financial crisis, reported Daily Mail.
18.03 / 15:39
18.03 / 15:39
markets
Manufacturing
Racing
wellness
Trade
President
War
US industrial output rises on jump in vehicle production
Federal Reserve said in a statement. This was significantly above market expectations for a 0.2 percent rise, according to Briefing.com. President Donald Trump has embarked on a trade war since taking office, hitting top US trading partners like Canada, Mexico, and China, in a move that has unsettled the financial markets. Trade uncertainty has lingered for months, but it seems that tariff-sensitive sectors like autos have looked to produce more goods while they still face lower trade barriers. There was a steep rise in manufacturing output, which was «boosted by a jump of 8.5 percent in the index for motor vehicles and parts,» the Fed said.
18.03 / 05:55
Remark
War
Freedom
country
International
Jaishankar on Kashmir: ‘When West interferes, it’s for freedom; others have malign intention’
S Jaishankar on Tuesday stressed the importance of having an international order just like a domestic order. He slammed the United Nations for making the Kashmir invasion a dispute and turning the attacker and victim at par and called for having a «strong and fair» UN. In his remarks at the Session on 'Thrones and Thorns: Defending the Integrity of Nations' at Raisina Dialogue on Tuesday, Jaishankar called the occupation of some parts of Kashmir by Pakistan «the longest standing illegal occupation» of territory by another country after the Second World War. Jaishankar said, «Let's give you a second example. We all speak of sovereignty and territorial integrity.
18.03 / 03:59
Man
Career
Election
Trade
Universities
Department
Colleges
Carney is yet to make his mark; Manmohan Singh made his long ago
Subscribe to enjoy similar stories. Mark Carney, sworn in as the 24th Prime Minister of Canada on Friday, is a newbie in the world of politics. But then, so was the late Manmohan Singh, till former Prime Minister Narasimha Rao made him our finance minister in 1991.
18.03 / 03:59
markets
COST
UPS
Manufacturing
economy
wellness
country
Will Trump’s tariffs turbocharge foreign investment in America?
Subscribe to enjoy similar stories. For Global companies, there is no place quite like America. As growth in China and Europe has slowed, its economy has continued expanding at a decent clip.
17.03 / 17:55
Platform
Hallmark
film
show
Features
Investigations
International
Mistletoe Murders Season 2: What we know about renewal
Hallmark Media has confirmed the renewal of Mistletoe Murders for a second season. The series will continue on Hallmark+, the network’s streaming platform.
17.03 / 11:57
markets
COST
UPS
Manufacturing
economy
President
stage
Trump tariffs on lumber and appliances set stage for higher costs on new homes and remodeling projects
Trump administration's tariffs on imported goods from Canada, Mexico and China — some already in place, others set to take effect in a few weeks — are already driving up the cost of building materials used in new residential construction and home remodeling projects. The tariffs are projected to raise the costs that go into building a single-family home in the US by USD 7,500 to USD 10,000, according to the National Association of Home Builders. Such costs are typically passed along to the homebuyer in the form of higher prices, which could hurt demand at a time when the US housing market remains in a slump and many builders are having to offer buyers costly incentives to drum up sales. We Buy Houses in San Francisco, which purchases foreclosed homes and then typically renovates and sells them, is increasing prices on its refurbished properties between 7 per cent and 12 per cent. That's even after saving USD 52,000 in costs by stockpiling 62 per cent more Canadian lumber than usual. «The uncertainty of how long these tariffs will continue has been the most challenging aspect of our planning,» said CEO Mamta Saini.
17.03 / 10:09
Action
President
War
performer
track
country
rights
Trump's approval rating soars to new high, Americans say US is on right track than any time in 20 years: poll
Donald Trump's approval rating has reached 47%, equaling his best-ever mark as president, according to the latest NBC News poll. However, a 51% majority still disapproves of his performance. Three months after he returned to the Oval Office, Trump hit the highest approval rating he's ever had as commander-in chief. More Americans say the country is on the right track than at any point since 2004, according to a new poll. That’s the good news, according to an NBC News Poll released Sunday. ALSO READ: 'Hell will rain down': Trump launches large-scale strikes on Yemen's Houthis, issues blistering war threat
17.03 / 10:09
Target
Digital
Manufacturing
Sustainability
Research
Trade
Diversity
India’s exports to US may fall 3-3.5% post reciprocal tariffs, diverse exports to offset impact: SBI Research
reciprocal tariffs, which should be negated through higher export goals across both manufacturing and services fronts, SBI Research said Monday. This, it said, will be driven by India’s diversified exports kitty, value addition, alternate areas and new routes that transcend from Europe to the US via the Middle-East, redrawing new supply chain algorithms. “We estimated the decline in exports in the range of 3-3.5% which again should be negated through higher export goals across both manufacturing and services fronts,” SBI Research said, adding that India stands to gain in an increasingly uncertain world of tariffs. India has a $13 million trade deficit for aluminium and $406 million for steel with the US and can potentially take advantage of this. India is among the top 10 sources for aluminium for the US but its share has declined to 2.8% in 2024 from 3% in 2018. India is negotiating free trade agreement (FTA) with the UK, Canada, and the EU, targeting sectors like services, digital trade, and sustainable development. “The shift towards regional supply chains and the impact of geopolitical changes, such as the US tariff war are influencing India’s FTA strategies to ensure alignment with global trade dynamics,” it said.
17.03 / 07:17
security
President
students
Universities
show
reports
Department
Atmosphere seemed so volatile, dangerous: Indian PhD candidate who 'self deported' from US
Ranjani Srinivasan, an Indian student at Columbia University who opted to «self-deport» after her visa was revoked, has described the terrifying moment when federal immigration agents first knocked on the door of her varsity apartment. The immigration agents were searching for Srinivasan, 37, who had recently learned her student visa had been revoked. Srinivasan, an international PhD student from India, did not open the door when the three immigration agents knocked at it, the New York Times reported. She was not home when the agents showed up again the next night. She packed a few belongings, left her cat behind with a friend and jumped on a flight to Canada at LaGuardia Airport, the report added. When the agents returned a third time, this past Thursday night, and entered her apartment with a judicial warrant, she was gone.
17.03 / 06:49
COST
UPS
country
reports
International
India will drive global oil consumption growth: Phillip Capital
«With GDP growth projections above 6 per cent annually, India's energy demand will continue to soar, and the country will remain heavily reliant on fossil fuels, including oil, to meet its needs,» said the report. As per the International Energy Agency (IEA) India's oil demand is projected to rise by 1.3 million barrels per day (mbpd) by 2030. The Organization of the Petroleum Exporting Countries (OPEC) estimates an even higher increase of 1.8 mbpd, bringing India's total oil consumption to 7.1 mbpd, up from 5.3 mbpd in 2023.
16.03 / 05:33
markets
COST
Manufacturing
economy
Trade
War
show
Charting the global economy: Tariffs fuel US inflation concerns
A preliminary March survey of consumers showed sentiment sank by more than projected, while long-term inflation expectations jumped as the Trump administration pushes forward with higher duties on foreign goods just as price pressures showed signs of easing. Meanwhile, the UK economy shrank unexpectedly at the start of the year on weaker manufacturing and construction. In China, the economy remains hamstrung by persistent deflation.
15.03 / 20:41
Remark
Southern
Forbes
Trade
country
reports
Videos
How Alberta is responding to Donald Trump’s tariffs — and which other provinces have joined in
The move comes as a direct response to Trump’s 25% tariffs on Canadian goods, which Alberta Premier Danielle Smith condemned as an «economic attack» on Canada.
15.03 / 20:41
security
students
Universities
show
social
Department
International
How Ranjani Srinivasan, an Indian origin Columbia student, fled to Canada after immigration agents came looking for her
Three federal immigration agents showed up at a Columbia University apartment searching for Ranjani Srinivasan, who had recently learned her student visa had been revoked. Srinivasan, an international student from India, did not open the door. She was not home when the agents showed up again the next night, just hours before a former Columbia student living in campus housing, Mahmoud Khalil, was detained, roiling the university. Srinivasan packed a few belongings, left her cat behind with a friend and jumped on a flight to Canada at LaGuardia Airport.
15.03 / 13:33
CEO
Refugees
students
Universities
reports
Colleges
International
Canada eases PGWP rules, removes field-of-study requirement for college graduates
Post-Graduation Work Permit (PGWP). That requirement had been put in place in 2024 for Canadian colleges but not universities, and it was part of an effort by the Canadian government to apply heavier scrutiny to the international education sector, as per an ICEF Monitor report. “Graduates of college degree programs will no longer be required to meet the PGWP field of study requirement,” said Canadian Bureau for International Education CEO Larissa Bezo. ALSO READ:Canada curbed illegal migration to the US. Now people are heading to Canada
14.03 / 22:07
UPS
wellness
Trade
President
War
show
country
Alberta has nearly six times the natural gas it thought, putting Canada among world's top 10
Alberta’s proven natural gas reserves have increased nearly sixfold to 130 trillion cubic feet since they were last assessed, according to a new study, giving Canada’s oilpatch leaders something to show off this week at a Texas oil summit in hopes of turning heads and capital flows northward.
14.03 / 22:07
UPS
CRA
wellness
show
reports
Courts
Investigations
CRA’s 'stupid mistake' compels taxpayer to pay taxes on an extra $53,258
I rarely get any physical mail anymore. In fact, if it weren’t for my weekly New Yorker magazine subscription, my mail carrier would have no reason to visit my front stoop. Over a decade ago, I switched all my bills (hydro, natural gas, home internet, credit cards, etc.) to email delivery, and this includes most tax slips, as well as correspondence from the Canada Revenue Agency.
14.03 / 17:17
Action
wellness
Trade
President
rights
peace
Tough G7 statement drops 'one China' reference from Taiwan language
A statement by ministers meeting in Canada mirrored a February Japan-U.S. statement in condemning «coercion» toward Taiwan, language that heartened Taipei in its increasingly tense standoffs with Beijing. Compared to a G7 foreign ministers' statement in November, the statement added members' concerns over China's nuclear buildup, although it omitted references to their concerns about Beijing's human rights abuses in Xinjiang, Tibet and Hong Kong. Also missing were references stressing the desire for «constructive and stable relations with China» and recognizing the «importance of direct and candid engagement to express concerns and manage differences.» The statement dropped past reassurances, recently stated in November, that there is «no change in the basic position of the G7 members on Taiwan, including stated One-China policies,» as well as that the G7 is «not decoupling or turning inwards» and recognizing the importance of China in global trade.
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