Canada Financial News

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Peak inflation rates in 2022 cost Canadians a major chunk of their wages, according to a new Statistics Canada report.

Nikolaj Rosenthal, former ice hockey star and CEO of non-custodial staking provider Myrmidon, sat down for another exclusive interview with Cryptonews Podcast host Matt Zahab.

Canada’s top banking regulator will begin tracking and limiting how many highly leveraged borrowers banks have on their mortgage books beginning next year.

Jasprit Bumrah had initially thought about immigrating to Canada in search of work opportunities, which he claimed to be a 'backup' option in case cricket didn't work out for him in India, according to an ANI report. WATCH IPL FOR FREE IN USA (OFFER VALID ONLY WITH ABOUND)

Last December, Bank of Canada governor Tiff Macklem suggested we’d ride an economic rollercoaster on the way back to two per cent inflation. “We can’t rule out bumps along the way,” he warned.

Despite Wednesday’s jump in U.S. inflation, the Bank of Canada meeting and Canada’s 14-basis point eruption in 5-year bond yields, our leading mortgage rates are still flat versus last week.

By Dan Kelly

Canadian province of British Columbia is seeking to regulate electricity use by crypto miners, due to their “unchecked growth.”

Canadian homes will be nearly 10 per cent more expensive at the end of 2024 than they were the year before, according to a new report.

Canada will need to build roughly 1.3 million more new homes than are currently projected to eliminate the gap between housing supply and demand, according to a new report by the Parliamentary Budget Officer (PBO).

roads and one power transmission asset in India. Larsen & Toubro held a 51% stake in L&TIDPL, while the Canada Pension Plan Investment Board (CPP Investments) owned the remaining 49%. With this transaction, Edelweiss will have a total of 26 assets including 5,000 lane-km of roads, 1,800 circuit km of power transmission assets, and 813 peak MW of renewables, generating a cumulative annual revenue of ₹3,000 crore.

Canada has recently decreased the number of Indian staff members in its diplomatic missions across India due to a shortage of Canadian personnel necessary for the effective management of in-country operations. This move comes in response to India's expulsion of 41 Canadian diplomats last year, which aimed to achieve parity in diplomatic presence. Consequently, Canada had ceased in-person operations at its consulates in Mumbai, Chandigarh, and Bengaluru. While the exact number of retrenched employees remains undisclosed, it is understood to be less than 100. Confirming the staff reductions, a media relations official at the high commission expressed regret over the necessity of this decision, citing the departure of Canadian staff last year. «We wish to extend our sincere gratitude to our local staff in India for their resilience, dedication, and service. Canada remains committed to providing essential services to Canadians in India, including consular support and facilitating trade and business development, to uphold the longstanding ties between our two nations,» stated the official, noting that Canada's visa application centers in India continue to operate normally.

TORONTO — Royal Bank of Canada faced a steady stream of questions about the bank’s climate and Indigenous rights track record at its annual general meeting Thursday.

Canada’s productivity problem has gone from bad to worse, a panel of economists told a conference in Toronto Thursday.

Despite Wednesday’s jump in U.S. inflation, the Bank of Canada meeting and Canada’s 14-basis point eruption in 5-year bond yields, our leading mortgage rates are still flat versus last week.

Canada will loosen the rules on mortgages to allow first-time buyers to take out 30-year loans when they purchase newly-built homes.

For the majority of Canadians who don’t own property, the dream of homeownership is feeling elusive, a new CIBC report suggests.

An internal report from Canada’s financial crimes watchdog found that most banking and real estate companies it audited last year are not following the country’s anti-money laundering laws, sparking calls for greater oversight and higher fines.

Jasprit Bumrah was asked about his earlier plans to relocate to Canada. "We have had these conversations before. Every boy wants to make it big and play cricket.

By Mary-Jane Bennett