Canada Financial News

We find it rather incredible that the Bank of Canada is so nonchalant when it comes to the state of the Canadian economy. The degree of excess capacity is expanding by the month, inflation has swung to disinflation and the economy (in real output per-capita terms) is contracting at a two per cent annual rate. Yet the folks in Ottawa fiddle as the macro landscape burns.

Calgary-based Meg Energy Corp. expects Canada’s oil producers to get better prices “for years” as the industry starts using the expanded Trans Mountain pipeline that officially opened on May 1.

Khalistani factions in Canada, India has called on the North American nation to stop providing a safe haven and political space for criminal and secessionist elements. India has also expressed concerns for the security and safety of diplomatic representatives stationed in Canada.

Headwinds are mounting for the Canadian dollar with the greenback on a tear and the Bank of Canada looking set to cut rates before the Federal Reserve.

Also Read: S Jaishankar slams Canada for welcoming 'people with links to organised crime' after arrest of 'Nijjar killers' Following that, on May 5, during an interaction discussing his book 'Why Bharat Matters', Jaishankar asserted, “A number of people with organised crime links from Punjab have been made welcome in Canada. We have been telling Canada saying, look these are wanted criminals from India, you have given them visas." Jaishankar also said some people in Canada, with 'pro-Pakistan leanings', have organised themselves politically and taken the shape of an influential political lobby, reported ANI. Also Read: Justin Trudeau says ‘rule-of-law’ after 3 arrested for Nijjar killing, Jaishankar says ‘internal politics’ "Often, when I see for example these kinds of attacks, threats to our embassies, because they concern me very deeply and I tell the foreign minister, suppose if (they) happened to you, if it was your embassy, your diplomat, your flag, how would you react.

The Canada Revenue Agency (CRA) is cracking down on crypto, going after C$54m ($39.5m) in suspected unpaid taxes. It is also launching investigations into hundreds of crypto investors.

Indian cricket team yesterday unveiled its fresh jersey ahead of the upcoming T20 World Cup 2024 in West Indies and US, adding to the fervor among fans. The new jersey reveals a vibrant design in the team's signature blue, courtesy of the official kit sponsor, Adidas.

economic growth is faltering. For decades, the rapid inflow of migrants helped countries including Canada, Australia and the UK stave off the demographic drag from aging populations and falling birth rates. That’s now breaking down as a surge of arrivals since borders reopened after the pandemic runs headlong into a chronic shortage of homes to accommodate them. Are you immigration ready? Find out Canada and Australia have escaped recession since their Covid contractions, but their people haven’t with deep per-capita downturns eroding standards of living. The UK’s recession last year looked mild on raw numbers but was deeper and longer when measured on a per-person basis.

Canada's Immigration Minister Marc Miller has expressed his disapproval of Indian External Affairs Minister (EAM) S Jaishankar's recent remarks on the arrests of three Indian nationals linked to the killing of India-designated terrorist Hardeep Singh Nijjar. In his response to a reporter's query, Miller acknowledged Jaishankar's right to express his opinion but dismissed the EAM's comments as inaccurate, as reported on the Cable Public Affairs Channel (CPAC), a Canadian television channel.

After years of persistent shortages, Canadians can now access Wegovy, an on-label weight loss medication, made by the same manufacturers of Ozempic.

iMobile Pay, and marks a significant shift from the previous requirement for NRIs to register an Indian mobile number for similar transactions. Sidharatha Mishra, Head of Digital Channels and Partnerships at ICICI Bank, commented on the launch, “We are delighted to partner with NPCI to launch the UPI facility on international mobile numbers through iMobile Pay. With this facility, our NRI customers residing in 10 countries do not need to switch to an Indian mobile number to pay using UPI.

India should take the matter «very seriously and investigate» said the US State Department speaking on recent allegations associated with the case of the Indian government's alleged involvement in the killing of the Sikh separatist leader, Hardeep Singh Nijjar. The remarks come at a time when there are already numerous twists and turns to the Nijjar killing case. Responding to a media query during the State Department briefing on Monday (local time) on the arrest of three individuals linked with the killing of India-designated terrorist Hardeep Singh Nijjar, spokesperson Matthew Miller said, «I would refer you to the Canadian authorities to speak to the details of the investigation there.»

Canada’s Competition Bureau is investigating Lululemon over concerns the company is misleading consumers about its environmental impacts, after an advocacy group filed a complaint with the federal watchdog alleging “greenwashing.”

Berkshire Hathaway Inc.’s cash pile hit yet another record as billionaire investor Warren Buffett confronted a dearth of big-ticket deals.

The volatility of theelectric-vehicle transition has been on full display recently, as Ford Motor Co. announced it is pausing construction on the joint-venture active cathode material plant it is building in Quebec just days after Honda Motor Co. Ltd. announced a $15-billion EV and battery complex in Ontario.

Poll after poll has shown that homeownership is important to Canadians.

A veteran Canadian bank analyst says Toronto-Dominion Bank’s role in an alleged money-laundering scheme has made the “worst-case scenario” more likely — a huge fine and strict limits on the lender’s U.S. growth.

Global Infrastructure Partners and Canada Pension Plan Investment Board agreed to acquire Allete Inc., a Minnesota-based utility owner, for about US$3.9 billion.

15-member squad and who was not, team India's T20 jersey for the T20 World Cup was the most awaited thing among the fans. Adidas, India's official kit partner, on Tuesday revealed India's T20 jersey in a rather interesting way. The video features skipper Rohit Sharma and spinner Kuldeep Yadav and all-rounder Ravindra Jadeja at the picturesque Dharamsala stadium. A chopper is seen carrying the blue-orange jersey.

Berkshire Hathaway Inc.’s cash pile hit yet another record as billionaire investor Warren Buffett confronted a dearth of big-ticket deals. Operating earnings also rose, buoyed by his collection of insurance businesses. 

Under the Bridge, based on the disappearance of Reena Virk, is all set to release on OTT. In 1997, Virk - a 14-year-old Indian girl in Canada - disappeared after attending a party, only found to be murdered. The murder that took place in British Columbia in the late 90s made widespread headlines.