Canada Financial News

Flags Group, the India-focused consumer fund set up by Rakesh Kapoor, former global CEO of Reckitt Benckiser, has struck its first deal in India by investing an undisclosed amount in speciality coffee chain Blue Tokai Coffee Roasters. Kapoor confirmed the deal to ET. He, however, declined to give further details on the investment. A Blue Tokai spokesperson declined to comment. The investment by 12 Flags comes at a time when cafe chains in India are growing faster than quick service restaurants (QSRs), fuelled by younger set of consumers, aspirational demand, and menu innovation. In addition to new-age speciality coffee chains such as Blue Tokai, Third Wave and Slay, there are legacy brands such as Tata Starbucks, Costa Coffee and Barista, as well as relatively newer global entrants to India like British chain Pret a Manger and Canada's Tim Hortons, all of which are fuelling demand for cafes.

America observed a ritual that goes back centuries. Invoking Kinich Ahau, the Mayan sun god — without actually invoking him, since most Americans are unaware of the deity's existence — millions observed the Great American Eclipse, or GEA, in parts of Mexico, 15 US states and eastern Canada.

The sudden exit of Royal Bank of Canada’s chief financial officer comes at a “critical juncture” for the lender as it tries to absorb the biggest acquisition in its history, a leading Wall Street analyst says.

Bank of Nova Scotia plans to underwrite local bonds in Brazil and offer cash-management services there as it expands in Latin America’s biggest nation.

There’s not much doubt that the Bank of Canada will hold its interest rate tomorrow, but there is a lot of debate over how policy makers will sound.

Has the overall Canadian tax system hit a tipping point? I’ve been concerned about this for quite some time and while I try hard not to cry wolf, I try to shine some light on some very serious concerns.

Bank of Canada readies for its interest rate decision on Wednesday, experts say.The spring housing market, which kicks off in March, is typically one of the busiest times of the year for home buyers and sellers in Canada.So far, the spring housing season is a “mixed picture,” according to RBC assistant chief economist Robert Hogue, as the Bank of Canada’s benchmark interest rate remains high and boxes out some prospective buyers.Preliminary data from local housing boards show some western markets, particularly in Alberta, saw a strong uptick in home sales in March. In Toronto, housing activity has declined for two consecutive months.Average home prices are meanwhile ticking up in some regions including the GTA after a correction in the market tied to the central bank’s rate tightening cycle over the past few years.“In some parts of the country, that recovery seems to be relatively robust,” Hogue tells Global News.

Nadine Ahn, a prominent figure in Canada's financial sector, recently made headlines following her dismissal as Chief Financial Officer (CFO) of the Royal Bank of Canada (RBC). Ahn's career at RBC spanned over two decades, during which she held various key positions before becoming the first female CFO of the bank in 2021. Despite her achievements, Ahn's tenure came to an abrupt end due to allegations of misconduct related to a personal relationship with another employee. Early Life and Education

PNP) in 2024, reported CIC News. This number represents a hike of 5,000 nominations over 2023’s 16,500. Ontario got more allocation after a meeting last November where immigration ministers from all Canadian regions met with Federal Minister Marc Miller to discuss immigration's effects on their areas.

A deportation hearing for the truck driver who caused the deadly Humboldt Broncos bus crash six years ago has been scheduled for next month.

Prime Minister Justin Trudeau received briefings about foreign interference allegations related to former Liberal MP Han Dong’s riding before the 2019 election, a new document shows.

Prime Minister Justin Trudeau says Canada is exploring the possibility of joining the second phase of AUKUS, a U.S.-led alliance with the United Kingdom and Australia.

solar eclipse is proving to be a good omen for travel firms, as some parts of the United States that fall in the «path of totality» see unprecedented demand for lodging from eager Americans waiting to catch a glimpse of the celestial event. In a total solar eclipse occurring on Monday April 8, the moon will blot out the sun for millions of people in Mexico, the United States and Canada.

small Montana town near the U.S.-Canada border where thousands of people were exposed to toxic asbestos dust. The railroad — now owned by Warren Buffett's Berkshire Hathaway Inc. — hauled asbestos-tainted vermiculite from a nearby mine through Libby, Montana, over decades.

Total Solar Eclipse 2024: As Total Solar Eclipse 2024 darkened the skies cutting across some parts of the United States and Canada, there was an exponential increase in people looking to know "why do my eyes hurt?" and "my eyes hurt" on Google. Although it's widely understood that viewing an eclipse with the naked eye can lead to damage to the retina, commonly referred to as solar retinopathy or retinal blindness, skywatchers may not immediately sense the effects of directly observing a solar eclipse without enough protection. Eye experts have always warned people against looking at a solar eclipse without proper protection as Sun rays can damage eyes.

Google's smart speakers and other devices do not violate Sonos' patent rights and can be imported into the United States, a U.S. appeals court affirmed on Monday. The U.S. Court of Appeals for the Federal Circuit upheld a U.S. trade tribunal's decision that Google's redesigns of products, including Google Home speakers, Pixel phones and Nest Hub smart displays, were sufficient to avoid infringing Sonos' multi-room wireless audio patents.

North America on Monday as a total solar eclipse raced across the continent, thrilling those lucky enough to behold the spectacle through clear skies. Eclipse mania gripped all of Mexico, the U.S. and Canada, as the moon swept in front of the sun, blotting out daylight. Almost everyone in North America was guaranteed at least a partial eclipse, weather permitting.

Justin Trudeau's allegations of «potential» involvement of Indian agents in the killing of Khalistani separatist Hardeep Singh Nijjar last June on Canadian soil, the boss of Canada's 2nd largest pension fund, Caisse de dépôt et placement du Québec (CDPQ), said the US and India are the only two outperforming markets in the world. Without getting drawn into the specific allegations New Delhi has rejected as «absurd» and «motivated», Charles Emond, chief executive, CDPQ, said he did not want to comment on government relations, but added «India is an important part of our APAC strategy,» during an exclusive interaction with ET. «And it remains a country where we continue to see strong potential over the long term.» He was recently in India, his first visit since he took over in 2020, just a month before Covid paralysed the world.

Police and the FBI are investigating the theft of as much as $30 million in cash from a Los Angeles money storage facility

It's been almost 25 years since federal authorities, responding to news reports of deaths and illnesses, descended on the small northwestern Montana town of Libby to clean it up

Procter & Gamble is recalling more than 8 million bags of Tide, Gain, Ace and Ariel laundry detergent packets sold in the U.S. and Canada