Canada Financial News

G7 Summit in Italy, Prime Minister Narendra Modi interacted with the leaders of Turkey, the UAE, Brazil and Jordan and struck a pose for the camera along with them on Friday. PM Modi had a «delightful conversation» with Turkish President Recep Tayyip Erdogan, UAE President Mohammed bin Zayed Al Nahyan, as well as the President of Brazil Luiz Inacio Lula da Silva. All the four leaders also posed for the camera and got a picture clicked at the Summit as well, which PM Modi shared on X, saying, «The interactions in Italy continue...Delightful conversation with President @LulaOficial, President @RTErdogan and His Highness Sheikh @MohamedBinZayed»

Narendra Modi met United Nations Secretary General Antonio Guterres in Italy on the sidelines of the G7 Summit here on Friday night. In a post on X, PM Modi said, «Pleased to meet the United Nations Secretary General, Antonio Guterres, in Italy.» Earlier, PM Modi met also US President Joe Biden and Canadian PM Justin Trudeau on the sidelines of the G7 Summit.

Canadian Defense Minister Bill Blair says his country looks on track to meet NATO’s military spending guideline by 2030

The Bank for International Settlements (BIS) launched its Toronto Innovation Hub on June 13, partnering with the Bank of Canada. The hub is expected to spearhead financial initiatives in Canada and extend its influence across Latin America and the Caribbean.

Also Read: Airfares have soared, but summer travellers don't careHow did the traffic not grow? The growth has been on the edge for a while until countries enticed Indians with visa-free travel or visa on arrival, which has been the case with Thailand and Malaysia. While travel to South East Asia has been on the rise, largely led by increased connectivity, travel to Europe and North America is yet to see its heydays.Europe has seen an ongoing war since 2022, along with the delay in issuing Schengen visas.

USA vs Ireland game in Group A of the T20 World Cup which is scheduled for Friday as it will decide the fate of several teams. However, the flood situation in Florida and forecast for more spells of heavy rain threaten could play a spoilsport, which works in favour of the home team. Out of the three statdiums picked for the tournament, three remaining matches of Group A are all scheduled to be held at the Central Broward Regional Park Stadium Turf Ground in Lauderhill, Florida. The other two venues are in New York and Dallas. The upcoming match on Friday will see USA on the brink of another history-making moment with a chance to progress to the 'Super 8s' stage in their debut appearance in the T20 World Cup, and the inclement weather in Florida can make the equation even simpler.

G7 Summit hosted by Italy's Prime Minister Giorgia Meloni, British Prime Minister Rishi Sunak's arrival was marked by a warm, albeit slightly awkward, greeting. The event, taking place in Borgo Egnazia, Apulia, Italy, from June 13 to 15, 2024, saw leaders from the world's major economies gather to discuss critical global issues. As Sunak walked up to Meloni, she welcomed him with a hug and a kiss on the cheek. The moment, captured on video and shared widely online, quickly went viral. While the interaction seemed cordial, internet users were quick to point out an awkwardness, with some suggesting that Meloni appeared to pull back slightly. One social media user humorously noted, «Rishi Sunak being greeted by Giorgia Meloni at G7 looked a lot like he went in for a snog and she pulled back. There was then a real 'eurgh, smelly breath' energy.» Another quipped, «Don't lean in, Rishi!»

Virat Kohli's string of low scores would be a concern for India when they square off against Canada in their final group match of the T20 World Cup on Saturday, hoping that the sky remains clear in this city even as several parts of Florida are ravaged by torrential rain. With three consecutive wins, India are through to the Super Eight stage, which will be held entirely in the West Indies. Kohli came into the T20 World Cup after setting the IPL ablaze, scoring upwards of 700 runs at a strike-rate of over 150 for Royal Challengers Bengaluru. Therefore, it wasn't an entirely misplaced expectation that he will continue to fire in the ICC showpiece, which is perhaps his final chance to earn India an ICC World Cup after 13 years.

Statistics Canada says the amount Canadians owe relative to their income in the first quarter edged lower compared with the fourth quarter of 2023 as growth in household disposable income outpaced the growth in debt.

Rolling out an automatic tax filing system would mean Canadians receive more than a billion dollars each year in currently unclaimed benefits from not filing their tax returns, according to the federal fiscal watchdog.

U.S. President Joe Biden says the agreement to tap into the windfall profits on frozen Russian assets held in Europe would put that money to work for Ukraine

Italy is hosting the summit of the Group of Seven industrialized nations in the wake of the European Parliament election that saw a surge in support for the far right in places like G7 members France and Germany

Bank of Canada governor Tiff Macklem says businesses should be inspired by the “enormous amount of ingenuity” they showed during the pandemic to boost the country’s declining productivity levels, but a failure to keep doing so could make “everything more difficult going forward.”

That is all anyone needs to know. The beauty is that the market is only priced for two Bank of Canada rate cuts between now and the end of the year. We think the central bank will be cutting at all four remaining meetings.

National Bank of Canada’s deal to acquire a smaller rival in western Canada makes strategic sense, analysts said, but the transaction may take years to deliver on its promised benefits for shareholders.

The heads of the Group of 7 nations — Britain, Canada, France, Germany, Italy, Japan and the United States — started their annual summit Thursday at a luxury hotel in Puglia on the southern Italian coast, overlooking the Adriatic Sea. The wars in Ukraine and the Gaza Strip and the threats posed by China's economic rise are high on the agenda.

By Allan Lanthier

OTTAWA — The chief executives ofCanada’s five biggest banks are set to testify before a parliamentary committee later today about the impacts of the financial sector on climate and the environment.

Salman Khan who has been allegedly receiving ongoing threats from the Lawrence Bishnoi gang, expressed his frustration and exhaustion while recording his statement before the crime branch. Khan stated that he feels continually targeted for a crime he claims to have already suffered from and for which he has paid the fines imposed by various courts.

Copa America 2024 schedule, matches, fixtures, teams details are out. The continental soccer tournament, featuring FIFA World Cup 2022 winners Argentina and Brazil, will be played in the US between June 20 and July 14.

Shares of Canadian Western Bank surged 70 per cent in early trading after it announced that it had struck an all-stock deal to be acquired by National Bank of Canada in an agreement that valued it at about $5 billion.