Canada Financial News

It follows a similar decision by central banks in Canada, Switzerland and Sweden, and is the first cut since the ECB's interest rate was negative.  The decision to cut rates came despite an uptick in inflation in the eurozone, which increased more than expected to 2.6% in May, up from 2.4% in April. «Based on an updated assessment of the inflation outlook, the dynamics of underlying inflation and the strength of monetary policy transmission, it is now appropriate to moderate the degree of monetary policy restriction after nine months of holding rates steady,» the ECB said. At the s...

European Central Bank cut interest rates for the first time in five years on Thursday but kept investors in the dark about its next move given increasing uncertainty over inflation after a sharp slowdown in the past year.

China, according to a Hindustan Times report.In response to this, Canadian Prime Minister Justin Trudeau, in a statement, said that his government takes the issue of foreign interference "very seriously."Also Read | Nvidia hits $3 trillion in value as shares rise 5.2%, chip maker zooms past Apple as second-most valuable companyThe National Security and Intelligence Committee of Parliamentarians (NSICOP), consisting of MPs and senators with top security clearances, released the report amid worsening India-Canada relations, HT said.This comes amid escalating tensions between the countries after Trudeau last year alleged last year that Indian government agents were involved in the killing of Khalistani activist Hardeep Singh Nijjar, a claim New Delhi called "absurd", the paper added.Also Read | Bill Gates memoir 'Source Code' next year: Early years, nearly being kicked out of Harvard, Microsoft & more…The report also suggests that some Canadian MPs may have been influenced by foreign countries. Adding that these MPs may have acted inappropriately in their communications with foreign missions, attempted to "improperly influence" colleagues, and shared privileged information with foreign diplomats.

Canadians planning a road trip this summer could see some relief at the pumps but a volatile energy market and weather disruptions threaten gas prices in the country, experts say.

I recently had a quick chat with a young friend of mine who works in the public sector and leans heavily left, so we often get into friendly but lively debates about tax and economic policy. The topic d’jour, of course, was the proposed capital gains inclusion rate increase.

The Bank of Canada cut interest rates Wednesday for the first time since launching a historic hiking cycle to combat inflation in March 2022, marking a significant shift in monetary policy that could open the door to additional cuts in the coming months.

The Bank of Canada cut its key interest rate Wednesday and Canadian banks are following suit.

The Bank of Canada has lowered its key interest rate by a quarter of a percentage point to 4.75 per cent, the first cut in more than four years. Here’s what it could mean for your finances.

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The Bank of Canada lowered its benchmark interest rate by a quarter-percentage point on Wednesday, marking a significant turning point in the central bank’s efforts to tame inflation.

Quick thinking saved the life of Melissa Wing, a 29-year-old grad student in Victoria, B.C. She credits her knowledge of stroke symptoms for her swift action.

bomb had been planted on the aircraft, said an official, adding that the threat turned out to be a hoax. The Delhi International Airport Limited (DIAL) office received an email at 10.50 pm on Tuesday stating that a bomb had been planted in the Delhi-Toronto Air Canada flight, the officials said.“Following standard security protocols, a thorough inspection was conducted and nothing suspicious was found.

North Dakota made an extraordinary discovery: a highly rare Tyrannosaurus rex fossil. This remarkable find has the potential to significantly alter our current understanding of dinosaurs, as per a New York Post report.

by Tom Schoenberg and Christine Dobby

iCapital Network Canada, affiliate of fintech alternative assets platform iCapital, has been appointed investment fund manager in Canada for Prime Quadrant Alternative Investment Access Funds.

The economic stars appear to be aligning for the Bank of Canada to deliver an interest rate cut on Wednesday, but some economists warn the central bank might have other ideas when it comes to the right timing for the hotly anticipated first cut of the cycle.

Temu, a popular marketplace where consumers can buy direct from factories overseas at cheap prices, is drawing concerns from lawyers and privacy experts who allege the shopping app can be “invasive” for unwitting users.

Amid uncertainty in the economy and the still-present pressures of inflation, a new survey shows the country is split on whether now is the right time to be investing.

NHL fans are currently on a roll as the Stanley Cup finals, considered the "Super Bowl" of ice hockey will kick-off in a matter of days with some of the legends of the ice-hockey era raking it all in so that their respective teams emerge as the winners.

John Tavares’ $8-million tax dispute with the Canada Revenue Agency, arguing the Toronto Maple Leafs captain is offside.In a reply to Tavares’ appeal with the Tax Court of Canada, the Attorney General of Canada (AGC) is disputing Tavares’ ask to have the CRA’s reassessment of his 2018 tax return annulled.The CRA, according to Tavares’ appeal filed in January, determined his 2018 income was $17.8 million higher than reported, and ordered the player to pay $6.8 million in taxes — over 38 per cent — plus $1.2 million in interest.The 33-year-old from Mississauga, Ont., signed a seven-year, US$77-million contract to join the Leafs on July 1, 2018. He previously played for the New York Islanders from 2009 to 2018.The $17.8-million sum accounts for a US$15.25-million signing bonus in the contract’s first year, and “was integral to Tavares’ decision” to accept the deal, his appeal states.The court document added Tavares’s signing bonus “was an inducement to sign an agreement relating to the performance of an athlete,” and should not be considered as salary or wages.The AGC took issue with that in its reply filed late last month.“With respect to the entirety of the Notice of Appeal, the Attorney General of Canada (AGC) denies that any amount referred to as a ‘signing bonus’ was a signing bonus or an inducement payment,” it reads in part.Tavares’ appeal argues that at the time, he was eligible for the reduced tax rate of 15 per cent under a Canada-U.S.

This Wednesday’s rate-setting announcement will be closely watched for the obvious reason that some expect the Bank of Canada to cut rates for the first time since it began cranking them up in March 2022.