Canada Financial News

SBI Card has launched three variants of its first travel-focused core credit card ‘SBI Card MILES’. The three variants are SBI Card MILES ELITE, SBI Card MILES PRIME and SBI Card MILES.

Amid a cost-of-living crisis, Ikea Canada says it has lowered its prices for hundreds of items this past month as part of the company’s continuing push to make home furnishing more affordable.

Students graduating from post-secondary schools in Nova Scotia and Prince Edward Island have some of the highest student loan debt in the country, according to a new report from Statistics Canada.

The Bank of Canada’s top policymakers have a “diversity of views” about when they expect interest rate cuts to start, but the meeting minutes from the governing council’s latest decision show agreement on the overall pace of easing.

Shoppers are still searching for more affordable options at the grocery store even as food inflation eases, according to Metro Inc.

Grocery price inflation may finally be slowing across Canada, but as some food costs remain high, a new report has found many are open to consuming “risky foods” despite the potential health risks.

Saskatchewan Premier Scott Moe on Wednesday that the Canada Revenue Agency is “very, very good” at getting the money it’s owed.“Having an argument with CRA about not wanting to pay your taxes is not a position I want anyone to be in,” he said at a press conference in Oakville, Ont.“Good luck with that, Premier Moe.”The Saskatchewan premier has pledged his province will not send Ottawa the money it collects from the federal carbon price on natural gas — a move that breaks federal law.The jurisdictional spat began when the Liberals created a temporary exemption to the carbon price for home heating oil.The Saskatchewan government said that’s unfair and politically motivated because the exemption has an outsized impact in Atlantic Canada, where oil is the main fuel source for home heating.Moe’s government has called for a similar exemption on natural gas, the primary home-heating fuel in Saskatchewan.He has also been a vocal opponent of the carbon levy more broadly and counts himself among a majority of premiers who have written to Trudeau seeking a meeting to talk about alternatives to the carbon price.Trudeau has rebuffed calls for such a meeting and challenged premiers to come up with their own climate plans if they don’t like the federal carbon price, pointing to British Columbia and Quebec as examples of provinces with their own system.The prime minister confirmed Tuesday that his government will keep sending carbon rebate cheques to people in Saskatchewan.On Wednesday, he reiterated that most people in jurisdictions that use the federal carbon price get more back in rebates than they pay each year.“CRA is an independent organization that is very, very good at getting money it is owed from Canadians, from businesses and

Reena Virk‘s killer told parole officials that a television series about the Victoria, B.C., teen’s murder is “disrespectful” and will “re-victimize” Virk’s family.Documents released by the Parole Board of Canada Wednesday say Virk’s killer Kelly Ellard — who changed her name to Kerry Sim — demonstrated “remorse and victim empathy” after discussing the TV show about the high-profile 1997 murder with her case managers.The parole board decision says Sim, who was 15 at the time of the murder, admitted to playing a “greater role” in Virk’s death, and believes it was “so horrendous” that the television show, “Under the Bridge,” will “re-victimize the victim’s family.”Sim is serving a life sentence for the second-degree murder of Virk, who was 14 at the time, and who had already been badly beaten by a group of teenagers under the Craigflower Bridge before Sim drowned her in a nearby waterway.The documents say Sim is striving to have a “pro-social life,” raising her two children as a single mother after splitting with their father, though she’s frustrated and anxious about being required to live at a “community-based residential facility” in the Lower Mainland.The board’s decision to continue her day parole says Sim has improved her ability to manage stress and maintained her sobriety, finding that her release will “contribute to the protection of society by facilitating (her) reintegration into society as a law-abiding citizen.”

Australia achieved a new milestone by becoming the third-largest host for Bitcoin ATMs, joining the United States and Canada as the countries with over 1,000 active crypto-fiat machines, according to April 24 data from Coin ATM Radar.

Bajaj Finance, Nestle, Tech Mahindra, IndusInd Bank, Axis Bank, HUL, Kotak Bank among others will be in focus due to various related developments or quarterly earnings. Bajaj Finance, Nestle, Tech Mahindra, IndusInd Bank Shares of Bajaj Finance, Nestle, Tech Mahindra and IndusInd Bank will be in focus as the companies will announce their quarterly results later in the day.

Canada’s biggest Indigenous-owned bank is planning a major expansion that will raise as much as $50 million to reach more customers.

By Mary Teresa Bitti

Divisions within the Bank of Canada over the timing of a much-anticipated cut to its key overnight interest rate stem from concerns of some members of the central bank’s governing council that progress on taming inflation could stall in the face of stronger domestic demand — or even pick up again in the event of “new surprises.”

A company started by a Texas billionaire oilman has announced a deal with Venezuela’s state-owned oil company to rehabilitate five aging oil fields

A prominent Canadian technology investor joined the chorus of Canadian businesses criticizing Prime Minister Justin Trudeau’s decision to raise the capital-gains tax, arguing it will cause capital flight from the country.

Howard Levitt and Rob Lilly

Toronto-Dominion Bank still sees foreign students as an important source of growth even as Prime Minister Justin Trudeau’s government has ushered in new caps on study permits in a bid to ease rental-housing demand.

Canadian consumers haven’t tightened their belts this much in nearly a year, and there are no signs of spending growth since the start of 2024.

Raymond Cormier, a career criminal and the man police believed killed Tina Fontaine, has reportedly died and “took all the answers with him” said Fontaine’s aunt Thelma Favel.“No, it doesn’t give me closure,” says Favel, who raised the 15-year-old girl who became the name and face of Canada’s missing and murdered Indigenous women and girls crisis when she was found wrapped in duvet and weighted down in Winnipeg’s Red River in August 2014.Fontaine had been missing for a month when her body was recovered. A cause of death was never determined but police charged Cormier with second-degree murder, relying on the controversial Mr.

The International Monetary Fund (IMF) is warming up to Bitcoin’s merits after years of criticizing and discouraging the use of crypto at large, according to crypto fund manager Bitwise.