Canada Financial News

Bank of Canada officials are monitoring pockets of increasing leverage and “stretched” asset valuations that could pose a threat to financial stability in the event of major price swings, but see no signs that a repeat of the 2008 Financial Crisis is imminent.

Average fixed mortgage rates tiptoed slightly lower this week, but the leading offers didn’t budge.

PTI on Thursday, Jaishankar said that the Canadian government, by allowing political space to Khalistani separatist elements, is sending a message that its vote bank is "more powerful" than its rule of law. "We cannot, for the good relations, overlook that," said the minister.

Washington Post also added that chances of seeing the auroras is also expected in Canada and northern Europe. Apart from this, clear skies has been predicted over the central states and West Coast of the United States.

Under The Bridge premiered on Hulu for US viewers on April 17, starting with two episodes. New episodes will be released every week. In India, the series will be available on Disney+ Hotstar.

No reliable evidence of Indian involvement in foiled Pannun murder plot: Russia In November last year, the US authorities said an Indian government official had directed the plot in the attempted murder of Gurpatwant Singh Pannun, a dual citizen of the United States and Canada. The US White House in April said it viewed the reported role of the Indian intelligence service in the assassination plots as a very serious matter. As per the US Justice Department indictment, Indian national Nikhil Gupta was involved in the alleged attempt to kill Pannun.

An Ontario man is facing charges in connection with the largest gold heist in Canadian history at Toronto Pearson airport last year, Peel Regional Police say.

Canada’s renters are showing more signs of financial stress amid rising debt costs than homeowners facing higher mortgage rates, according to a new analysis from the central bank.

The Financial Transactions and Reports Analysis Centre of Canada says Binance failed to register as a foreign money services business. The company also failed, on thousands of occasions, to report large virtual currency transactions of C$10,000 or more in the course of a single transaction. Binance quit the Canadian market a year ago, citing the regulatory environment. Last week, the crypto giant's founder, Changpeng "CZ" Zhao, was sentenced to four months in prison in the US after pleading guilty to violating anti-money laundering requirements. Zhao pleaded guilty in November as part of deal between Binance and the Department of Justice, Treasury Department and CFTC to settle allegations that the exchange failed to maintain a proper AML programme, operated an unlicensed money-transmitting business and violated sanctions law. The world's largest crypto exchange agreed to forfeit $2.5 billion to the government and pay a fine of $1.8 billion.

Crypto exchange Binance is facing a $4.3 million USD fine by the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) for violating terrorist financing and money laundering laws, the Canadian regulator announced Thursday. According to a  press release, Binance will have to pay $6,002,000 CAD in administrative monetary penalties for failing to register with FINTRAC as a foreign money services business as well as failing to report cryptocurrency transactions of $10,000 or more within a single payment.

Some of Canada’s biggest business groups are urging Prime Minister Justin Trudeau to reverse his government’s plan to raise the tax inclusion rate on capital gains.

The Bank of Canada is raising concerns about the impact of higher interest rates on renters while acknowledging that, even as most households appear to be managing increased debt servicing costs, there are still many mortgage holders who will face large payment increases when they renew over the next two-and-a-half years.

All eyes will be on Canada’s job numbers tomorrow for clues not only on how the economy is faring, but also what the Bank of Canada might do next.

OTTAWA — The federal anti-money laundering agency has issued a $6-million fine to cryptocurrency exchange company Binance Holdings Ltd.

News of slowing demand for electric vehicles highlights the hazards of the federal government’s Soviet-style mandate that 100 per cent of new light-duty vehicles sold must be electric or plug-in hybrid by 2035 (with interim targets of 20 per cent by 2026 and 60 per cent by 2030 and steep penalties for dealers missing these targets).

Hardeep Singh Nijjar in British Columbia last year, but insisted that no relevant information or specific evidence about Delhi's involvement has been shared by the Canadian authorities till date. India’s External Affairs Ministry spokesman Randhir Jaiswal told reporters that the two countries were discussing the issue but accused Canada of providing shelter to those who are advocating violence against India. He said that Delhi had complained to the Canadian authorities that the people associated with organized crime in India had been allowed entry and residency in Canada.

A virus that can turn a raccoon into a “zombie” has been raging for years, with outbreaks reported in many parts of Canada.

Peter Routledge pushed back on criticism that his Office of the Superintendent of Financial Institutions (OSFI) is using new regulation to dictate the culture and values at Canadian banks and telling boards and executives how to manage the integrity and security of their financial institutions. 

By Murtaza Haider and Stephen Moranis

Suncor Energy Inc. says it will be banking on its trading platform to remove middlemen and directly negotiate with new customers to get a “unique” advantage once it starts shipping to additional regions through Canada’s now-operational Trans Mountain pipeline expansion.

India is considering offering incentives to encourage private companies to set up lithium processing facilities, as New Delhi tries to develop its nascent lithium mining and boost supplies of the EV battery metal, three government sources said. It would offer incentives to companies to set up lithium processing plants under a new critical minerals policy that was being worked out by the mines ministry, the sources said. «The critical minerals policy will be comprehensive and will cover all aspects from exploration to mining to value addition,» one of the sources said. «It will also cover incentives for beneficiation and refining within the country,» the source said. The sources, however, said it was a little early to know the exact form of incentives the government would offer, but New Delhi would try to take a cue from countries such as Australia and Canada. Responding to Reuters queries, the Ministry of Mines said the government was taking various steps to ensure the availability of critical minerals for the downstream industry. It did not elaborate.