Canada Financial News

Casual dining chain Red Lobster has filed for Chapter 11 bankruptcy protection

Bitcoin has achieved all-time highs against local currencies in several countries across Asia and South America, following a significant 7% surge in its price.

Notorious B.C. serial killer Robert Pickton has been the victim of a brutal attack in prison.

tornadoes and extreme weather events in the US in the past few weeks, a storm season has begun to hit the country with weather variations across the length and breadth of the country. On Sunday, winds speeding up to 100 mph were noticed in Kansas even as Tennis Ball-sized hail storms were raining down in the state.

Americans traveling this summer have broadly seen prices fall for airline fares, a welcome trend after last year's sticker shock.

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Digital asset investment products experienced substantial inflows totaling $932 million for the second week.

Prince Edward Island (PEI), a significant protest is unfolding. A group of former and current international students, mostly from India, have taken to the streets, voicing their distress over a policy shift that jeopardizes their future prospects in the country. According to reports, the controversy centers on the Provincial Nominee Program (PNP), a lifeline for many international students aiming to secure permanent residency (PR) in Canada. Typically, Indian students enroll in institutions in provinces like Ontario or British Columbia. However, upon realizing the fierce competition for PR in these densely populated areas, many transfer to smaller, less populated provinces like PEI. Do you meet the immigration criteria? Check here These provinces, grappling with stagnant and aging populations, have historically relied on the PNP to attract temporary residents, thereby addressing labor shortages and sustaining population growth.

Bell 212 helicopter carrying Iran's president and foreign minister crashed on Sunday, according to Iranian state media, as it flew through mountains in heavy fog. The civilian version of the ubiquitous Vietnam War-era UH-1N «Twin Huey,» they are in wide use globally by both governments and private operators:

While university graduates around Canada are celebrating their accomplishments, one University of New Brunswick law graduate said he was “humiliated” during his graduation ceremony.

A lot of investors have shunned cryptocurrencies and for good reason. After all, who wants to invest in something that is made up, has no real use other than to help commit crimes and is as unstable as a chair with two legs.

As a month-long boycott of Loblaw Cos. Ltd. enters its third week, the Canadian grocery giant’s investors appear largely unfazed. Though the movement continues to see a rise in supporters, evidence of its impact remains largely anecdotal. And Loblaw stock has not suffered, reaching an all-time high of $156.76 one week after the boycott began and remaining in positive territory for the month. The Financial Post’s Denise Paglinawan breaks down where things stand.

The Canadian Real Estate Association says the number of homes changing hands in April fell from the previous month despite an influx of new listings hitting the market.

From New York to London to Tokyo, if there’s one similarity among the world’s equity markets it’s this: record highs.

As May reaches the halfway point, many remain split on whether “No Mow May” is an effective method in aiding the native bee population.

The federal government has rejected a request from Toronto to decriminalize the possession of small quantities of drugs for personal use after an increasingly bitter public spat over the city’s ask.

Institutional interest in digital assets is gaining traction. As of the end of Q1, more than 900 institutions based in the United States had disclosed spot Bitcoin exchange-traded fund (ETF) shareholdings exceeding $100 million, equating to $10.7 billion combined.

It’s Canada’s worst-kept economic secret.

By Julie Cazzin with Andrew Dobson

Thames Water Utilities Ltd.’s biggest shareholder has written off its investment in the utility in a sign of the escalating financial crisis at the United Kingdom‘s largest water company.

Nationally leading mortgage rates didn’t budge this week, with one exception. TD Bank’s sensational uninsured variable-rate offer ended, nudging up the lowest nationally advertised variable rate from 6.19 per cent to 6.35 per cent (benchmark prime minus 0.85 per cent).