Canada Financial News

₹786 crore — a 7% YoY rise from ₹734 crore in the year-ago period. The company declared a dividend of ₹11 per share of ₹1 each. ALSO READ: Titan Result Highlights: Net profit rises 7% YoY to ₹786 crore, declares dividend of ₹11 per share Congress leader Rahul Gandhi filed his nomination papers from the family bastion of RaeBareli on Friday.

A U.S. law-enforcement probe intoToronto-Dominion Bank’s internal controls is tied to the laundering of hundreds of millions of dollars in proceeds from illegal drug sales, the Wall Street Journal reported. 

By Julie Cazzin and Allan Norman

The nation’s second-biggest bank just launched a killer variable mortgage rate. But keep it quiet. Apparently it doesn’t want everyone to know about it.

Toronto’s real estate market is experiencing a seasonal slowdown this spring, with April showing a decrease in home sales as prices stabilize compared to last year.

The Bank of Canada’s policy interest rate may fall 100 basis points below that of the Federal Reserve’s “without policymakers batting an eye,” according to economists at one of the country’s largest lenders.

Toronto-Dominion Bank, which is in the midst of several probes over its anti-money-laundering controls in the United States, has been hit with a financial penalty of nearly $9.19 million for several instances of non-compliance with Canada’s Proceeds of Crime (Money Laundering) and Terrorist Financing Act.

Ottawa’s hike to the capital gains tax has been slammed as a blow to Canada’s productivity, but closer to home, it will also hit your stock portfolio, say analysts.

Congratulations! You’ve filed your 2023 tax return by the April 30 deadline and you’re awaiting your formal notice of assessment from the Canada Revenue Agency.

A small Canadian lender is muscling its way into the banking big leagues — and that’s not an easy place to be.

The first phase of the Canadian Dental Care Plan was officially launched across the country Wednesday. While 1.9 million seniors can now access the plan, many other Canadians must wait a bit longer.

The head of the Bank of Canada says there’s a “limit” to how much Canadian monetary policy can diverge from the United States as market watchers see earlier cuts coming north of the border.

Loblaw’s new chief executive, as well as chairman Galen Weston, pushed back on what they called “misguided criticism” of the grocer as a push to boycott the company gains steam online.

Air Canada lost $81 million in its first quarter, falling below analysts’ expectations even as revenue and capacity ramped up.

Canada’s financial intelligence agency says it has levied a $9.2-million penalty against The Toronto-Dominion Bank for non-compliance with money laundering and terrorist financing measures as the bank also faces compliance investigations in the U.S.

Ontario Provincial Police say they are taking their strongest measures yet by requiring a mandatory breath sample from drivers for every traffic stop in the Greater Toronto Area.

India on Thursday rejected fresh comments by Canadian Prime Minister Justin Trudeau on the killing of Khalistan separatist Hardeep Singh Nijjar and said the remarks once again illustrated the political space given in Canada to separatism, extremism, and violence. Trudeau addressed a Khalsa Day event in Toronto on Sunday that was attended by some pro-Khalistan people. On the sidelines of the event, he told the media that the killing of Nijjar in British Columbia in June last year created «problem» and that he cannot ignore it, in an apparent reference to his earlier allegations of involvement of Indian agents in the assassination. «PM Trudeau has made such remarks earlier as well. His remarks illustrate once again the political space that has been given in Canada to separatism, extremism, and violence,» external affairs ministry spokesperson Randhir Jaiswal said at his weekly media briefing.

Tata Communications has raised $250-million loan from ANZ, DBS and Export Development Canada for five years under the sustainability-linked loan (SLL) framework, chief financial officer Kabir Ahmed Shakir said. The company will look at the framework for long term debt financing and refinancing of existing debt, he said. "Our endeavour is to finance our future borrowings (including refinancing of existing debt as it matures) under the SLL released.

Bartlett Fleming family in their homes at Alberta which is a Canadian province. Here are all the details pertaining to the show, its releases and more:

USA Cricket has roped in Indian dairy brand Amul as the Lead Arm sponsor of its men's national cricket team for the ICC Men's T20 World Cup 2024. The announcement was made in the presence of the Consul General of India in the USA, Binaya R. Pradhan, Gujarat Cooperative Milk Marketing Federation (GCMMF) MD Jayen Mehta, and the USA cricket team at the Consulate General of India, New York. The ICC tournament will commence on June 1 with the opening match scheduled between USA and Canada in Dallas, TX. As co-hosts of this major ICC event, the USA will make its debut appearance in this global championship.

BENGALURU : Maiva Pharma, a Bengaluru-based injectables manufacturer, has secured ₹1,000 crore in a mix of primary and secondary funding from a fund managed by Morgan Stanley Private Equity Asia and India Life Sciences Fund-IV, led by InvAscent, to set up a new manufacturing plant near Hosur, Tamil Nadu. The fund has acquired a controlling stake with the capital infusion, making it Maiva Pharma’s first private equity fundraise.