Canada Financial News

The Canadian economy grew at a slower-than-expected pace in the first quarter, amid rising expectations that the Bank of Canada will cut interest rates.

Canadian investment manager Ninepoint Partners LP is temporarily suspending cash distributions in three of its private credit funds.

This Wednesday could be a game-changer for family budgets everywhere. If not then, mark your calendars for July 24.

Signs of slowing economic growth could set up “fireworks” at the Bank of Canada’s interest rate decision next week, one economist says, as odds rise for the first rate cut of the cycle.

Ongoing anti-money laundering probes at TD Bank and penalties levied at other Canadian financial institutions aren’t likely to have a material impact on banking customers, experts say, though the regulatory crackdown could have implications for investors and the banking sector long-term.

The number of complaints about grocery weight labelling filed to Canada’s food regulatory authority has gone up in the past three years, data shows, as frustration over the cost of living continues to run high across the country.

Borrowers whose mortgage amortization periods lengthened as interest rates soared are making lump sum payments to get back onside, but the pace has slowed at Canadian Imperial Bank of Commerce, one of several signs from Canada’s biggest banks that borrowers are feeling the strain.

Ticketmaster customers — more than half a billion people — and is offering the pilfered data on the dark web for US$500,000.The data includes customers’ names, addresses, phone numbers and partial credit card details, including the last four digits of credit and debit cards and card expiration dates, according to HackRead, which first reported on the data breach.Ticketmaster and its parent company Live Nation have yet to confirm that the data breach took place and they have not made a public statement about the hacker’s claims. Ticketmaster did not respond to a Global News request for comment.The group that says it carried out the hack is called ShinyHunters, which has been behind a number of high-profile data breaches targeting Microsoft, AT&T and Mashable.

Royal Bank of Canada (RBC), the country’s No.1 bank, on Thursday surpassed analysts’ expectations for quarterly profit, driven by strength in its capital market business and its core personal banking segment.

Doug Ford on Thursday accused people of bringing “problems from everywhere else in the world” to the province after a recent shooting at a Toronto Jewish girls school.Ford made those sharp comments alongside Prime Minister Justin Trudeau at a news conference in the city, days after students and staff at Rabbi Yaacov Vidal of the Bais Chaya Mushka Elementary School said they were shaken by what happened, but undeterred.Toronto police told Global News Thursday the investigation remains ongoing, and no arrests have been made.There is no indication from police at this time that any of the suspects involved were immigrants, as Ford appeared to suggest, adding: “Before you plan on moving to Canada — don’t come to Canada if you’re going to start terrorizing neighborhoods like this.”“We have zero tolerance for this anywhere in Ontario. It doesn’t matter what race, what religion you’re from, I’d be saying the exact same thing if it was another community as well, but enough is enough,” he said.“You’re bringing your problems from everywhere else in the world, you’re bringing it to Ontario and you’re going after other Canadians – as the prime minister said: unacceptable.”Police later told Global News it does not track and or disclose the immigration status of suspects or victims.

It’s been more than four years since the government launched its first COVID-19 relief program in the form of the Canada Emergency Response Benefit (CERB), ultimately replaced by the Canada Recovery Benefit (CRB). But the courts continue to hear cases brought by individuals who have been asked to repay benefits they should have never received because they simply didn’t qualify.

Royal Bank of Canada’s landmark deal to acquire HSBC Holdings PLC’s Canadian division led to the country’s first decrease in foreign direct investment in 14 years.

A post shared by Dr. Selene Khosla (@selenekhosla)Her post quickly went viral.

PTI.ALSO READ:‘It was our fault…': Pakistan violated peace agreement with India in 1999, says former Pak PM Nawaz SharifWahida is a resident of Nagaon district in Assam and was arrested in 2023 along with her son while illegally entering Pakistan from Afghanistan via the Chaman border.She told the authorities in Pakistan that an Indian travel agent had deceived her, due to which she reached Pakistan. "After the death of my husband in 2022, I decided to take my son to Canada.

Medical supply company Medline Industries is recalling some 1.5 million portable adult bed rails across the U.S. and Canada, following two reports of entrapment deaths associated with the products

The Bank of Canada makes its interest rate decision next week and there is still a lot of uncertainty over which way the coin toss will land.

Fatemah Ahmedi* feels like a loser.

Royal Bank of Canada beat analysts’ estimates on strong performance from the company’s capital-markets business and lower-than-expected provisions for potential loan losses.

CIC News. Due to the integral role that immigration plays in Canada’s economy, employment initiatives are often connected to immigration programs to help Canada’s employers fill vacant positions that they may not be able to hire for within the country, says CIC News. “One key example of this is the ability of employers to hire candidates within the Express Entry candidate pool,” it adds.

Risk in the mortgage market has likely more than doubled since 2019, according to new research by the Canada Mortgage and Housing Corporation.

academic insights, and broaden their horizons. Before embarking on this exciting journey, students must navigate the financial logistics required. To study in Canada as an international student, one must demonstrate adequate proof of financial support, covering both study and living expenses, along with a minimum amount for any accompanying family members. Notably, between 2019 and 2021, Immigration, Refugees, and Citizenship Canada (IRCC) reported that 10% of rejected student visa applications were due to insufficient funds. To avoid such setbacks, thorough preparation is essential. In this article, the discussion will center on what proof of financial support entails and how to obtain a Guaranteed Investment Certificate (GIC) to fulfill these requirements to study in Canada as an international student. What is Proof of Financial Support?