Canada Financial News

India lodged a «strong protest» with the Canadian High Commission in Delhi opposing the organisation of 'Citizen's Courts' by Khalistactivists in Canada. «We have strongly protested at the Canadian High Commission here. Such courts or gatherings are not helpful at all. We have strongly taken it up with them and asked them to take appropriate action in the matter,» said Randhir Jaiswal, spokesperson for the Ministry of External Affairs (MEA) in response to ANI's question. Jaiswal emphasised India's stance against providing political space to extremist anti-India elements and those advocating violence.

The annual Canada Day parade has been cancelled in Montreal this year just two weeks before the event, citing excessive bureaucratic hurdles with the city administration.

With Bitcoin and Ethereum spot Exchange-traded funds (ETFs) on the plate, Solana could be the next in line with what this Toronto-based crypto fund is planning.

A United States federal court judge has given the green light to a civil securities lawsuit against Ripple Labs, denying the company’s bid for summary judgment.

Donald Sutherland died at the age of 88 on Thursday. He is considered one of the most versatile and gifted actors born in Canada. He is best known for his roles in «M*A*S*H,» «Klute,» «Ordinary People» and «The Hunger Games.» His career spanned from the 1960s to the 2020s as he charmed and enthralled audiences in his movies. His son actor Kiefer Sutherland confirmed his death. Donald Sutherland's first big break

Donald Sutherland, the gravelly-voiced Canadian actor who graced both TV and movie screens, passed away Thursday in Miami from a long illness. He was 88.

Canadian Real Estate Association said this week, even as some standout markets such as Calgary, Edmonton and Saskatoon continue to see activity tick up.Even if buyers aren’t showing up in most Canadian cities, sellers certainly are. At the start of this month, there were roughly 175,000 active property listings across Canada, up 28.4 per cent year-over-year, according to CREA.Across the Greater Toronto Area, there are some 24,000 units including condos and detached homes up for sale — a 14-year high, according to an analysis by Hanif Bayat at Wowa.ca.Active listings for condo units in Toronto are at or near record highs right now, notes John Pasalis, president of Realosophy Realty.But that glut of supply comes as buyers remain priced out of the market.

rich plan to migrate to another country, most of them choose the United Arab Emirates and particularly Dubai, which is one of the Emirates. A report by Henley & Partners, an international investment migration advisory firm, says approximately 4,300 millionaires are projected to leave India this year. And most of them are headed to the UAE. However, it's not that India's rich are in a hurry to leave the country. It's only a small number of rich Indians. «India continues to lose large numbers of millionaires, especially to the UAE. However, in our view these outflows are not particularly concerning as India continues to produce far more new HNWIs than it loses to emigration. Furthermore, the bulk of the millionaires who leave India tend to retain business interests and second homes in the country, which is a positive sign,» says the report. Why the UAE has such a pull for rich Indians The UAE is a bigger attraction for India's rich than other popular destinations for migration, such as Australia, Singapore, Israel, Switzerland, the US, Canada, New Zealand and the UK.

Tata Communications on Thursday announced that it had secured its first sustainability-linked loan of $250 million from ANZ, DBS Bank and Export Development Canada. The three lenders are set to jointly finance the five-year loan, with ANZ taking point as the lead sustainability coordinator. «The transaction is the first SLL for Tata Communications under the company’s new SLL framework. Through the framework, a first of its kind in the sector in India, Tata Communications intends to link its funding with key objectives such as carbon emission reduction targets (non-financial covenants) that are core and material for the company’s long-term sustainability performance,» the Indian communications company said in a release. Tata's $250 million loan is linked to its progress on its carbon emission reduction, with the interest rate margin of the loan set to be adjusted based on these targets and the company's performance.

Binance is contesting a $4.3m fine levied by Canada’s financial intelligence agency, FINTRAC.

₹800 crore and an Offer of Sale (OFS) of 1.36 crore equity shares by promoters and current shareholders.The proceeds of the new issuance will be used to pay off debt and for other company purposes. In the OFS, the selling shareholders are Satish Ramanlal Mehta (up to 1,730,000), Sunil Rajanikant Mehta (up to 40,000), Namita Vikas Thapar (up to 1,408,600), Pushpa Rajnikant Mehta (up to 1,150,000), Bhavana Satish Mehta (up to 531,400), Kamini Sunil Mehta (up to 125,000), BC Investments IV Ltd (up to 7,234,085), Arunkumar Purshotamlal Khanna (up to 300,000), Berjis Minoo Desai (up to 144,642), and Sonali Sanjay Mehta (up to 125,000).The book-running lead managers for the offer are Kotak Mahindra Capital Company, Jefferies India, Axis Capital, and JP Morgan India.

FIU) has imposed a fine of 188.2 million rupees ($2.25 million) on the world's largest crypto exchange, Binance, for operating in the country in violation of local anti-money laundering regulations. India requires virtual digital asset service providers like crypto exchanges to be registered with the FIU as a reporting entity and comply with its anti-money laundering rules.

TORONTO — Binance Holdings Ltd. is appealing a $6-million fine imposed on the company by Fintrac, the federal anti-money laundering agency.

Higher mortgage payments during the Bank of Canada’s tightening cycle have forced only a small number of Canadians to take drastic measures and sell their home.

After four consecutive months of easing core inflation and indications of further downward momentum in prices, members of the Bank of Canada‘s governing council agreed the time had come to cut rates in June, setting a new direction for monetary policy, a summary of their deliberations released Wednesday revealed.

Canada’s population surpassed 41 million in April, just 10 months after it hit 40 million in June 2023.

A recent decision by the Federal Court of Appeal serves as a reminder to all Canadians that if you actively trade marketable securities in your tax-free savings account, the Canada Revenue Agency may consider this activity to constitute a business, and the TFSA, rather than being tax free, could be subject to tax on its business income.

California. Researchers from the Chapman University’s Centre for Demographics and Policy have been tracking home prices in 94 English speaking metropolitan cities of the world. Report:

The Traitors: New Zealand returns for Season 2 in Summer 2024. Fans of the franchise can look forward to new episodes and a fresh cast. The Traitors: New Zealand Returns

Canadian airline WestJet is starting to cancel some flights as it braces for a possible strike this week by aircraft maintenance technicians

As the House of Commons prepares to break for the summer, a majority of Canadians say Justin Trudeau should no longer be prime minister when MPs return in the fall, a new poll suggests.