Canada Financial News

lookout circular (LOC) has been issued against Anmol Bishnoi, the younger brother of jailed gangster Lawrence Bishnoi, in connection with the firing outside actor Salman Khan's house in Mumbai's Bandra earlier this month, a police official has said. The police are also likely to take custody of Lawrence Bishnoi, who is currently lodged in a jail in Gujarat's Sabarmati, and was also contemplating invoking the stringent Maharashtra Control of Organised Crime Act (MCOCA) in the case, he said. Anmol Bishnoi had claimed responsibility for the firing and a probe too showed his involvement, following which the LOC was issued on Friday by the Mumbai police, the official added. «Anmol and Lawrence Bishnoi have been named as wanted accused in the case. Anmol Bishnoi stays in Canada and travels to the USA. However, the IP address of the Facebook post, through which he claimed responsibility of the firing, was traced to Portugal,» the official said.

Graham Isador says it feels strange to think about himself as one of the “lucky ones” in Toronto’s notoriously unaffordable housing market.

Only one in 10 Canadians plan on investing their tax refund this year as other financial demands take priority, a new CIBC poll found.

The cost-of-living crisis facing Canadians is only getting more bleak, according to new polling that shows everything from buying a first home to affording groceries has gotten harder in the past year.

Vodafone Idea on Friday through open market transaction. As many as 144 crore shares were sold by the ATC Telecom at ₹12.78 a share, valuing the deal at ₹1,840 crore. Citigroup Global bought shares worth ₹611 crore through bulk deals, while rest of the buyers were unknown. Shares of Vodafone gained about a percent on Friday to close at ₹14.01 apiece. Last month, ATC had converted the debentures allotted by Vodafone Idea into equity. In February2023, Vi had allotted OCDs worth ₹1,600 crore to ATC's India unit against its dues. Vi was then estimated to owe ATC around ₹2,000 crore.

A former SNC-Lavalin Group Inc. executive has been sentenced to three and a half years in prison in connection with a bribery scheme for a bridge repair contract in Montreal, the RCMP say.

Conditions are shaping up for the Bank of Canada to start cutting interest rates, but will our currency throw a wrench in the works?

Canada’s largest pension fund plans to nearly double the size of its credit holdings over the next five years, and it’s counting on an upturn in leveraged buyouts to generate some of that growth.

As I jot this note, Canada’s five-year government bond yield is hitting its peak for the year. There’s a growing risk we may even make new cycle highs if the next month of economic data doesn’t cool.

“Location, location, location” is what real estate agents preach like a broken record, and for good reason.

Millions of Canadians will soon be scrambling to get their returns filed by the April 30 deadline to avoid a potential late-filing penalty and arrears interest.

By Peter Shawn Taylor

Cboe plans to close its spot crypto trading platform by Q3, with cash-settled crypto futures moving to the Cboe Futures Exchange by 2025.

By 2028, a Honda manufacturing plant in Alliston, Ont., should be ready to pump out 240,000 electric vehicles (EVs) every single year.

Chipotle says its employees can choose chicken again

Japanese automaker Honda is putting $15 billion into their Ontario operations with a new electric vehicle manufacturing plant in Alliston, Ont. with a joint $5 billion coming from the federal and Ontario governments.

Honda plans to invest $11 billion, with the help of joint venture partners, to build out its electric vehicle efforts in Canada as it prepares for future demand in North America for the automobiles

Sweden has officially become a member of NATO, the North Atlantic Treaty Organization, amid rising tensions with Russia. This move comes as part of NATO's efforts to bolster its defences in the wake of Russia's invasion of Ukraine. The addition of Sweden and Finland, which joined earlier, marks the alliance's largest expansion since the 1990s. NATO's Purpose and Membership NATO was established in 1949 to counter Soviet expansion and maintain peace in Europe. It has since grown to include 32 member countries, including the UK, US, Canada, France, Germany, Italy, Spain, and Turkey. Following the Soviet Union's collapse, many Eastern European countries joined, and now, Sweden and Finland have joined the alliance, contributing nearly 300,000 troops.

Also read: India Should Clear the Air on a Killing in Canada Prime Minister Narendra Modi had during September 2023 expressed concern over anti-India activities and Khalistan extremism in Canada in a meeting with his Canadian counterpart Justin Trudeau on the sidelines of the G20 Summit. A few weeks later, Trudeau told Canada's House of Commons that the Indian government may have been involved in the killing of Hardeep Singh Nijjar, a Canadian citizen and a prominent figure in the pro-Khalistan movement.

Nearly four in ten Canada-based institutional investors had exposure to crypto assets in 2023, KPMG survey finds. This marks a significant recovery from the 2022 market slump.