Canada Financial News

higher studies abroad than before, but the US continues to be their preferred destination. In 2022-23, the US issued over 1.4 lakh student visas in India, more than in any other country. A major jump is expected.

Volkswagen has delayed the launch of its electric ID.7 sedan in the U.S. and Canada, the German automaker said on Wednesday, citing changing market dynamics. The company did not provide a new timeline for the launch of the electric sedan. It was slated to be rolled out in the U.S. and Canada later this year. Global automakers including Ford, General Motors and Mercedes are rethinking their EV plans as the sector struggles with slowing demand. They are instead focusing on higher-margin hybrids and gasoline-powered models.

Almost two-thirds of Canadians feel that inflation at the grocery store is getting worse, a new poll suggests, even as food inflation has been steadily cooling.

While there’s still room for surprises, Canadian banks are set to report results after a second quarter that was notable for its economic steadiness.

match in the US has generated maximum buzz which can be gauged from the fact that match ticket prices have soared to astronomical figures. India will take on Pakistan in cricket Twenty20 format world cup at Nassau County International Cricket Stadium, New York. The group A game between these two cricketing arch-rivals is scheduled to start on Sunday, June 9 at 10.30 am (EDT).

The dollar may remain stronger for longer if the Federal Reserve keeps interest rates steady, while other nations opt for a reduction in borrowing costs, according to Goldman Sachs Group Inc.

Canada has reached “a critical turning point” as the high cost of living and housing in this country push more people below the poverty line, says a report out today from Food Banks Canada.

By Howard Levitt and Jeffrey Buchan

With inflation cooling to a three-year low in April, some economists are now all but guaranteeing that the first interest rate cut of the Bank of Canada‘s tightening cycle will come in June.

Canada Pension Plan Investment Board earned an eight per cent return in the fiscal year ended March, as double-digit gains in stocks, credit and private equity made up for weaker performance in emerging markets and real estate.

Toronto-Dominion Bank and its U.S. money-laundering woes are set to dominate the start of Canadian bank earnings season this week.

Gland Pharma reported fourth-quarter profit below estimates on Wednesday, as soaring employee expenses outweighed strong demand in its core markets. It reported a consolidated net profit of 1.92 billion rupees ($23 million) for the quarter ended March 31, missing analysts' average estimate of 2.41 billion rupees as per LSEG data.

assassinations both in his country and beyond. As reported by ANI, Pakistan's permanent representative at the world body also quoted from a report in a leading US daily to say the “new India comes into your home and kills you".

higher education from prestigious universities overseas for a fruitful career. However, not all are successful in achieving this dream. The obstacles are many — finding a good institution, identifying the right course, qualifying and securing admission, getting a visa, arranging finances, doing well in studies, securing a good job and getting permission to stay and work in your country of choice. If you are planning to go abroad for higher studies, you should have a good understanding of all the available options before selecting the best one. We tell you about the 5 most popular countries Indian students prefer to go for higher studies and what these countries offer in terms of education opportunities, finances and jobs.

London Drugs has confirmed that the cybersecurity breach that forced it to close stores across Western Canada for more than a week was a ransomware attack.

United States is on track to establish a domestic rare earths supply chain to meet its defence needs by 2027, a senior defence official said on Wednesday. The U.S has been driving the build out of a global supply chain for rare earths, metals used in magnets for green energy industries and defence, beyond dominant producer China since COVID upended global supply chains early this decade. «We are on track to meet our goal of a sustainable mine to magnet supply chain capable of supporting U.S. defence requirements by 2027,» Assistant Secretary of Defense for Industrial Base Policy Laura Taylor-Kale said at a mining conference in Perth.

After a 10-month period of growth, the number of Bitcoin ATMs worldwide declined in May, interrupting a trend of expansion that began in July 2023. The decrease was driven largely by the removal of over 300 ATMs from service in the United States, which represents over 80% of the global Bitcoin ATM market.

Singapore Airlines flight that encountered a «sudden extreme turbulence» over the Irrawaddy Basin at 37,000 feet, the flag carrier of Singapore said on Tuesday. The traumatic incident in which the aircraft descended 6,000 feet in about three minutes, left a 73-year-old British man dead and more than two dozen other passengers injured. The British man, who was not yet identified, «likely» died from a heart attack, the General Manager of Suvarnabhumi Airport Kittipong Kittikachorn said.

From 1 August, Gilbey will be succeeded by Franklin Templeton Canada board chair Andrew Ashton, who will relocate to London to assume responsibility for the UK business, subject to regulatory approval.  Under his expanded remit, Ashton will continue to be responsible for Canada, which, coupled with the UK, collectively represent $76bn in assets under management.   In his 27 years at Franklin Templeton, he has held several leadership roles in the US and the Americas region, CEEMEA, Korea and the UK, most recently as head of Americas (ex-US) and head of the global financial institutions...

Amazon prime day sale 2024 in USA is all set to take place in a few months. Amazon has announced that Prime Day 2024 will start in the US. Apart from the US, Amazon prime day sale 2024 will take place in Canada, the UK, Australia, Brazil, China. Amazon prime day typically means 48-hour non-stop sales event. Amazon has been holding the event since 2015.

The annual inflation rate slowed to 2.7 per cent in April, Statistics Canada said Tuesday, as cooling grocery price pressures offset higher fuel costs.