Canada Financial News

21.04 / 06:08

COST Discover CIBC Department rights Updates Carbon rebate labelling in bank deposits fuelling confusion, minister says

Canadian banks that refuse to identify the carbon rebate by name when doing direct deposits are forcing the government to change the law to make them do it, says Environment Minister Steven Guilbeault.

20.04 / 21:25

markets UPS security Universities inclusion Equality How capital gains tax changes could affect some family doctors

Ottawa’s proposed tax increases on some capital gains, announced in this week’s federal budget has some family doctors worried, as they warn the changes may affect their ability to save for retirement.

20.04 / 19:28

COST UPS Discover Department rights Updates Ottawa to force banks to identify carbon rebate by name in direct deposits

OTTAWA — Canadian banks that refuse to identify the carbon rebate by name when doing direct deposits are forcing the government to change the law to make them do it, says Environment Minister Steven Guilbeault.

20.04 / 16:09

Man security Discover Courts Videos Investigations International How Canadian gun smugglers pulled off the biggest gold heist in years

TORONTO—One of the biggest gold heists in years was remarkably simple. A shipment of 6,600 gold bars and millions of dollars in foreign cash landed last April at Toronto’s airport, where it was sent to a warehouse. Soon after, a man drove up in a white truck and presented fake documents.

20.04 / 16:04

markets COST Provident Target cover reports Canada's banks face crackdown on overdraft fees with proposed cap of $10

A proposal included in Canada’s federal budget this week promises to rein in the fees banks charge customers for overdrawing their accounts — a move that would provide relief for low-income clients while hurting lenders’ revenue, though perhaps not significantly.

20.04 / 10:04

UPS CEO country social innovations rights Interviews National Bank CEO slams Canada’s capital gains tax increase

The chief executive of one of Canada’s largest banks is speaking out against the Trudeau government’s plan to raise taxes on capital gains, arguing it won’t spur investment in the country.

19.04 / 20:38

markets Netflix Warner Bros show performer track Videos Updates Netflix now has nearly 270 million subscribers after another strong showing to begin 2024

Netflix gained another 9.3 million subscribers to start the year while its profit soared with the help of a still-emerging expansion into advertising, but caught investors off guard with a change that will make it more difficult to track the video stre...

19.04 / 07:04

Waters ICE Universities country reports travelers International Did cloud seeding cause Dubai flooding? What to know about the science

The United Arab Emirates (UAE) capital of Dubai remains flooded after a deluge of rain that fell earlier this week.

19.04 / 05:59

markets UPS Sustainability ICE President testing Booming cold drink sales mean more plastic waste. So Starbucks redesigned its cups

Booming sales of cold drinks at Starbucks stores have created a problem: growing amounts of plastic waste from the single-use cups that Frappuccinos, Refreshers, cold brews and other iced drinks are served in

19.04 / 05:59

UPS Death wellness reports Courts BNSF Railway says it didn't know about asbestos that's killed hundreds in Montana town

BNSF Railway attorneys are expected to argue before jurors that the railroad should not be held liable for the lung cancer deaths of two former residents of an asbestos-contaminated Montana town

19.04 / 04:23

crypto regulation crypto tax Canada To Adopt International Standard For Crypto Tax Reporting – Here’s What That Means

Canada is set to become one of the first nations to adopt the International Crypto-Asset Reporting Framework (CARF) for taxation by 2026, as outlined in a supplement to the country’s 2024 annual budget, as reported by the National Post on April 16.

19.04 / 01:38

COST UPS President Labrador show Gas prices surge in some parts of Canada. What’s causing pain at the pumps?

gas prices is fuelling road rage in some parts of Canada on Thursday.Many motorists filling up at the pumps are facing higher prices — some up as much as 22 cents from yesterday in parts of Ontario, for instance.Data from GasBuddy’s live gas price tracker shows prices were 10.9 cents higher across Ontario for an average of $1.73 per litre by 4 p.m. Eastern Thursday, as compared to the previous day’s average.Prices for gas rose by a similar degree in Toronto, but in southwest Ontario towns such as Sarnia, GasBuddy says the cost of gasoline has jumped 22.3 cents to $1.79 per litre as of 4 p.m.

18.04 / 20:11

UPS Caseys Fishing information Interviews boating Roll Up To Win? Tim Hortons says $55K boat win email was ‘human error’

Tim Hortons is under fire again for mistakenly telling some customers they had won big in a contest – the second time in over a year that the coffee chain has made such an error.

18.04 / 17:13

markets UPS pandemic country shock NOT Posthaste: Pain of Canadians' mortgage payment shock is not over — not by a long shot

There’s been a lot of hope in the air lately that the Bank of Canada is getting close to cutting interest rates.

18.04 / 17:13

markets UPS Target economy wellness trends Headlines David Rosenberg: Time for Macklem to turn before it's too late

In contrast to the United States Federal Reserve, the Bank of Canada is running out of excuses to keep from acting as the proverbial deer in the headlights. The economy here is far weaker, fiscal policy is far less stimulative even with the spending largess in the federal budget, and there’s much more spare capacity being built up, particularly in the labour market.

18.04 / 04:35

Man security Netflix country Inside reports International 'Netflix worthy': Six arrested, look out for three in what is being called Canada's biggest-ever gold heist

arrested and three more arrest warrants have been issued for suspects in a gold heist at Toronto’s Pearson International Airport's cargo facility in April 2023, AFP reported. Termed as "the greatest gold heist in Canadian history" by officials, little of the stolen 6,600 gold bars worth Can$20 million ($15 million) has been recovered, it added. Further, Can$ 2.5 million in foreign banknotes was also stolen in the same heist.

17.04 / 22:38

COST FIVE Universities Justice voice inclusion Justin Trudeau's government raises taxes on wealthiest Canadians in federal budget

Canadian Prime Minister Justin Trudeau is imposing higher taxes on the wealthiest Canadians as part of the federal government

17.04 / 22:37

COST Provident Airlines Nov reports International Arrests made a year after gold and cash worth millions were stolen at Toronto airport

Authorities in Canada say they have made arrests in the theft of a cargo container that included gold and other items worth over 20 million Canadian dollars — about $14.5 million — that were stolen from Toronto’s Pearson International airport a year ago

17.04 / 22:37

UPS Airlines Netflix Bill country Courts International 9 facing charges in Canada's biggest gold theft in the country's history

Canadian police say nine people are facing charges in the biggest gold theft in Canadian history from Toronto’s Pearson International airport a year ago

17.04 / 20:19

markets UPS Citi Platform Citigroup gatherings Relationships RBC expands U.S. business with cash-management offering

After about a decade of steady growth at its U.S. investment bank, Royal Bank of Canada is launching a cash-management business in its “second home market” in a bid to win more of its clients’ spending.

17.04 / 19:37

UPS President CIBC inclusion isolate Department Budget 2024 makes changes to capital gains tax. Who will it affect?

Some Canadians making money from capital gains are set to pay higher taxes starting this year, according to the federal budget tabled by Finance Minister Chrystia Freeland on Tuesday.

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