Canada Financial News

The bond bulls and Bank of Canada policy doves were on the receiving end of a splash of water this past week. The consumer price index doubled consensus expectations in May, coming in at 0.6 per cent (not seasonally adjusted). That, in turn, pushed the year-over-year trend back up to 2.9 per cent from 2.7 per cent in April (consensus here was looking for further deceleration to 2.6 per cent).

Fixed mortgage rates slid again this week. The lowest nationally advertised uninsured two-year and five-year fixed rates dipped 11 and 10 basis points, respectively, to 6.08 and 5.04 per cent.

In an unexpected move, Bitfarms announced the appointment of Fanny Philip as an independent board member amidst an ongoing conflict with Riot Platforms.

Facebook owner Meta is considering blocking news content from the platform in Australia if the government makes it pay licensing fees, a company representative told a parliamentary hearing on Friday. Meta's regional policy director Mia Garlick told lawmakers «all options are on the table» when asked if the company would block Australians from sharing news content to avoid paying fees.

cricket team, surpassing Pakistan's Babar Azam (48).After the match, ‘Hitman’ expressed his satisfaction with the victory, highlighting the team's hard work and unity. He praised the collective effort, noting that the Men in Blue adapted well to the challenging conditions. Rohit emphasised that the players’ ability to adjust to different conditions had been key to their success so far.“Very pleasing to see how we came through this game.

₹18,000 crore as the airline's enterprise value. As a result, it acquired 100% stake in Air India, its subsidiary Air India Express and the entire 50% stake in ground and cargo handling joint venture Air India SATS. Among India's regional aircraft, SpiceJet has 21 De Havilland Canada Dash 8-400s, Alliance Air has a mix of 21 ATRs and one Dornier, and Indore-based Flybig has three de Havilland Canada DHC-6 Twin Otter aircraft.

Mexican border using the rules framed under the US-Mexico-Canada Trade Agreement. The average price of an EV vehicle manufactured in the US is $55,000 and the Chinese vehicles are priced at half this rate. The US has many options to tackle what may be termed as an “unfair trade practice”. There are several economic and social consequences, the US will need to deal with. The primary concern is related to job loss. The American automobile industry is threatened by this.

The Canada Revenue Agency is ramping up efforts to recover overpayments of pandemic-related benefits.

A looming strike at WestJet “couldn’t be worse timing” for hundreds of thousands of Canadians who booked a trip with the Calgary-based air carrier over the July long weekend, according to travel experts.

The Canadian government has ended the Newfoundland and Labrador cod moratorium, which gutted the Atlantic-coast province’s economy and transformed its small communities more than 30 years ago

NASA has awarded SpaceX an $843 million contract to build the vehicle that will bring the International Space Station out of its longtime orbit of Earth when its operating lifespan ends in a few more years

There were clues around the brick bungalow in north Toronto where Deb Scott grew up that hinted at her parents’ adventurous past. Photo albums full of black-and-white images of big lakes, dense northern forests, rocky hills and rushing waters; an old Coleman camping stove tucked away in a basement corner; a pair of heavy, eider-down sleeping bags; wooden crates full of rock samples; and a red, 16-foot Prospector canoe kept in the rafters of the two-car garage.

One of the benefits often cited by small-business owners is the ability to write off various expenses for tax purposes. The misconception about what can be legitimately written off brings to mind one of my favourite Seinfeld episodes, The Package, in which Kramer convinces Jerry to say his stereo was broken during shipping to collect a $400 insurance payment from the post office.

Parents giving money to their kids to buy a home took off during the pandemic when real estate went through the roof.

Expert view: RBI may implement shallow rate cut even if US Fed defers, says Rajani Sinha of CareEdge Among developed economies, the European Central Bank, Bank of Canada and the Swiss National Bank have started trimming interest rates. The usual trendsetter for global monetary policy decisions, the US Federal Reserve, is still in a wait-and-watch mode. As for emerging markets, key central banks such as the Reserve Bank of India (RBI), Bank of Korea, Bank of Indonesia and People’s Bank of China are maintaining the status quo on key lending rates.

Calgary’s mayor says if everything goes according to plan, the city’s water conservation crisis could be over by Canada Day.Mayor Jyoti Gondek says water service could be fully restored and restrictions lifted by July 1 if upcoming steps to stabilize a replacement water pipe go as planned.“If there are any problems in any of those steps … it could be more days,” Gondek told a news conference Wednesday.“We can see the finish line. It’s close, but we still have more work to do.”Gondek said until the “all clear” is given, Calgarians can’t lose focus and need to reduce their water use by 25 per cent to avoid the taps going dry.She said daily water usage has been climbing in recent days but remains below the threshold of 480 million litres needed to keep service going and provide firefighters with the resources to combat emergencies.Calgary, a city of 1.6 million people, and surrounding communities, including Airdrie, Chestermere and Tsuut’ina Nation, have been under a combination of mandatory and voluntary water restrictions since a water main burst in the city’s northwest three weeks ago.Residents have been asked to limit indoor water use by flushing their toilets less often and doing fewer loads of laundry.

Mutual Funds platform about accumulating Rs 15 crore within 15 years, Mayank Bhatnagar, Co-founder and COO of FinEdge, offers strategic insights and recommendations. Mayank's analysis suggests that Robin would need to invest Rs 2,70,000 per month to reach his goal, with his current SIP of Rs 20,000 likely to generate a corpus of Rs 1.1 crore. To bridge the gap, an additional monthly investment of Rs 2,50,000 is required.

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Slate Office REIT, whose portfolio includes properties in both Canada and the United States, has defaulted on $158 million of debt despite an ambitious restructuring plan that included selling off significant assets. It appears broader economic trends and sector weaknesses have hindered the company’s efforts.

The Bank of Canada’s decision to begin cutting interest rates ahead of the United States Federal Reserve will ultimately lead to a “big tailwind” for the Canadian economy, Toronto-Dominion Bank economist James Orlando said.

Canada’s decision to provide billions of dollars’ worth of incentives to companies building battery plants could bolster the manufacturing sector, but may not be the ideal move to boost the country’s overall productivity levels that have been on the decline, says a new report by the Conference Board of Canada.