Canada Financial News

New York will enhance security measures for the upcoming T20 Cricket World Cup in June, particularly for the India-Pakistan match, following reports of potential threats. Governor Kathy Hochul announced on X that her team is collaborating with federal and local law enforcement to ensure attendee safety, stating that there is «no credible threat at this time.» «While there is no credible threat at this time, I’ve directed @nyspolice to elevate security measures & we’ll continue to monitor as the event nears,» the governor said. The India-Pakistan game scheduled for June 9 at Eisenhower Park stadium in Nassau County, New York. The T20 Cricket World Cup will be held from June 1-29. Matches will be played in nine stadiums across the West Indies and the United States. In the inaugural match, hosts United States take on Canada. Despite no credible threat being identified, heightened security measures will be implemented. An NYPD bulletin, cited by ABC News, cited pro-ISIS propaganda specifically mentioning the India-Pakistan match. The online post is said to be linked to an ISIS splinter group, the Washington Post reported.

Meta said on Wednesday it had found «likely AI-generated» content used deceptively on its Facebook and Instagram platforms, including comments praising Israel's handling of the war in Gaza published below posts from global news organizations and U.S. lawmakers. The social media company, in a quarterly security report, said the accounts posed as Jewish students, African Americans and other concerned citizens, targeting audiences in the United States and Canada. It attributed the campaign to Tel Aviv-based political marketing firm STOIC.

U.S. trade authorities have filed a labor complaint with Mexico over allegations that a Volkswagen auto plant in central Mexico unfairly fired union activists

The federal government is aiming to make housing affordable for younger Canadians while retaining property value for existing homeowners, Prime Minister Justin Trudeau said in an interview with the Globe and Mail. 

Solar storms are expected to be back and this will bring back the northern lights. The European Space Agency had recorded an incident of a major solar flare on May 20. This was recorded by the agency’s Solar Orbiter Aircraft and it occurred right behind the Sun. It was rated as a X12 and it is believed that it hasn’t occurred since 2017. Scientists believe that it will lead to more solar flares in the coming days.

EBAday has provided this to the Finextra and EBA community, year on year, for 18 years and will again in Lisbon at the CCL from 18-19 June 2024, leading the conversation on orchestrating the dialogue on payments and the advantages of collaboration.

ALSO READ: Indian students facing 'deportation' up in arms in CanadaThe protesting Indian students have been on a hunger strike for the past four days. Their stir began on May 9.During the agitation, 60 protestors carrying posters and banners demonstrated in front of the Colest Building at the PEI legislature.Jaspreet Singh Sivia, one of the protesters, has blamed the government for disrupting the lives of people who were already in the process of getting permanent residency (PR) in Canada, reported CBC. “There have been no actions taken.

MONTREAL — National Bank of Canada reported a second-quarter profit of $906 million, up from $832 million a year earlier, and raised its dividend.

Even with record low fertility and birth rates, Canada is undergoing a nearly unprecedented population boom — well in excess of three per cent annualized growth. The reason is clear: an unrivalled immigration surge that hit an inflow of almost 1.3 million people from other countries around the world in 2023. Without this, the civilian population would be in decline.

The Canadian Anti-Fraud Centre (CAFC) has warned about a surge in crypto scams targeting Canadian citizens.

Last month, an article in Harvard Business Review (HBR) ‘Will Your Nudge Have a Lasting Impact?’ by Evan Polman and Sam J. Maglio questioned the effectiveness of nudges used in policymaking and corporate strategy. Ever since the book Nudge by Richard Thaler and Cass Sunstein was published in 2008, behavioural nudges, or interventions designed to subtly steer individuals towards desired behaviours, has become a favourite tool of policymakers around the world.

Toronto [May 29, 2024] Blockchain Futurist Conference is coming together with Emerald , America’s largest producer of business-to-business trade shows, and their associated conferences, content and commerce , to grow the Canadian show and expand to the US Market.

Real estate professionals would use the old phrase “drive until you qualify” to give prospective homebuyers in Canada’s biggest cities an idea of how to break into the housing market: essentially, get out of the expensive urban areas to find a cheaper home you can afford.

Rising strain in auto loans and Canadian mortgages led Scotiabank to set aside more money in case they go bad, leading to a drop in second quarter profits.

Younger Canadians may be feeling a bigger burden from higher interest rates than older cohorts, with a new report from TransUnion showing millennials are holding the largest share of debt in the country and gen Z are seeing one of the biggest jumps in outstanding balances.

While expectations for lower borrowing costs are building, it will take as long as three quarters for interest-rate cuts “to really bear fruit” for bank customers, according to a Bank of Nova Scotia executive.

Inflation has declined to the lowest point in three years, and the federal government has created the economic conditions that would allow the Bank of Canada to cut interest rates when it meets next week on June 5, says Deputy Prime Minister Chrystia Freeland.

Bank of Nova Scotia took higher-than-expected provisions for credit losses in the second quarter, but revenue gains helped Canada’s fourth-largest bank beat analyst expectations.

There has been a lot of talk lately about Canada’s dismal growth, but now a new report warns that we could be stuck in it for another two decades.

The US stock market is finally as fast as it was about a hundred years ago.

Hindustan Times reported on Tuesday.Responding to queries in Parliament by Indo-Canadian MP Arpan Khanna, Immigration Minister Marc Miller clarified, “I have never said such certificates are required for temporary residents,’ the daily reported.The Canadian immigration minister indicated that verification is done mainly through biometric data, such as fingerprints, which are cross-checked on law enforcement databases internationally. As for the police certificates from the country of origin, the HT quoted Miller as saying, “We do not, as a routine matter, require them for temporary residents."However, police certificates from abroad may occasionally be requested on a case-by-case basis if further scrutiny is necessary.“They may be required if an officer decides to do so as part of a cascading security screening," he added later.The minister's clarification comes amid debates about security checks for temporary residents, including international students, following recent criminal cases involving past visitors.It is important to note that at least two of the four persons arrested in relation to the killing of pro-Khalistan terrorist Hardeep Singh Nijjar had reached Canada in that category.