Canada Financial News

Ontario, Canada, known as a top destination for international students, is anticipated to experience a lesser decline in new study permits than previously projected. Ontario is poised to experience the steepest drop in study permits issued in Canada. Official data unveiled on Friday shows permits plummeting to 141,000 this year from 239,753 in 2023 — a 41% reduction. This figure, however, is an improvement from earlier forecasts by Prime Minister Justin Trudeau's government, which initially anticipated a roughly 50% decrease due to the implementation of a student cap announced in January. Click & check your eligibility for immigration Find out Also Read| Canada plans to reject 606,000 study permits in 2024. Here are the calculations behind its international stdent cap

Canada has finally revealed details about its plan to curb the number of study permits each province issues to international students for the next two years. Canada has said it plans to decrease number of new international student permits issued, and the target for approved study permits for the year 2024 has been established at 485,000. “On January 22, I announced a national cap on study permit applications to address the rapid increase of international students in Canada. Provincial and territorial allocations for 2024 have now been finalized. I would like to take this opportunity to share those figures and explain how we made these decisions," Immigration Minister Marc Miller said in a statement. Are you immigration ready? Find out Introducing the Net Zero First Year Growth Model

Bank that a June rate cut is really coming, though oil is on the rise again, clouding the inflation picture — and giving policy makers in Canada, New Zealand and Korea food for thought. China gears up to release a deluge of key data and U.S. banks kick off the earnings season.

As postsecondary students get ready to cross the stage to get their diplomas, a new survey from business consulting firm Robert Half shows they could face an active market. Sixty-four per cent of companies surveyed say they intend to hire entry-level professionals — those with zero to two years experience — in the first half of this year.

When Canada Goose employees received an email on Monday, March 25, telling them not to come into the office the following day, they feared the worst.

New intelligence documents published by the federal foreign interference inquiry raise questions about the conclusions of former Governor General David Johnston’s probe into the issue.

Government of India had tried to use its proxy agency in Canada in 2021, according to an unclassified summary written by the CSIS. Similarly, the Government of Pakistan had also attempted to “clandestinely influence" the Canadian politics in 2019, Canada's foreign intelligence agency wrote as quoted by cbc.ca. The documents submitted as part of the federal commission inquiry into foreign influence contain stark assessments — potential interference in Canada's elections by India, China, Russia, and other countries.

Alberta Electric System Operator issued a grid alert for the province on Friday, and the provincial capital briefly faced rotating power outages — and it isn’t the first time this year Albertans have faced shortages.Just before 7 a.m., the AESO declared a grid alert due to tight supply.“Generation is slowly coming online, and we expect conditions to return to normal by 10 a.m.,” the non-profit organization posted on social media.Utility provider Epcor said around 9 a.m. that AESO had directed it to “help manage power consumption in the province” so rotating outages were rolling across Edmonton.Half an hour later, the outages stopped as the directive to conserve power had ended, but not before about 20,000 customers in Edmonton lost power at some point.Enmax Power also tweeted that a number of Calgary neighbourhoods could see power disruptions as a result of the AESO directive.Alberta’s electricity market is unique in Canada in that it is a for-profit, deregulated system.It pays generators only for the power they actually dispatch onto the grid and pays nothing for standby generating capacity.David Gray, former executive director of the Utility Consumer Advocate, said because Alberta operates as a real-time market, anything out of the ordinary brings the risk of knocking the system offline.“There’ve been a number of the thermal plants — either the refired coal plants that are now running on gas and the coal plant that’s left at Genesee — that have been having outages.

Solar eclipse 2024 is here and millions of Americans will be able to witness the rare phenomenon. On April 8, there will be no sun light for more than 4 minutes in the total solar eclipse path, as per reports. Total solar eclipse 2024 path will cover areas such as Buffalo, Indianapolis, Dallas, and Cleveland.

Reuters as saying. The earthquake centred near Whitehouse Station, was reportedly the third largest in the last 50 years and the 10th-strongest of all time in the Northeast. According to the data cited by CNN, the largest earthquake of 5.3 magnitude quake took place in Au Sable Forks, New York, in 2002.

Denise Hardesty, senior research scientist at the Commonwealth Scientific and Industrial Research Organisation (CSIRO), Australia, said this is the first estimate of how much plastic waste ends up on the ocean floor. «We discovered that the ocean floor has become a resting place, or reservoir, for most plastic pollution, with between three to 11 million tonnes of plastic estimated to be sinking to the ocean floor,» said Hardesty, one of the corresponding authors of the study published in the journal Deep Sea Research Part I: Oceanographic Research Papers.

Canadian Imperial Bank of Commerce chief executive Victor Dodig doesn’t expect a flurry of interest-rate cuts any time soon.

If you’re an employee who’s in the process of preparing their 2023 tax return, you’ll no doubt soon come to realize that there’s not much tax planning we can do to reduce the tax payable on our employment income, all of which appears on a T4 slip.

Laurentian Bank of Canada struck a deal to sell $2 billion of assets under administration to a subsidiary of iA Financial Group in a bid to further simplify its business after a tumultuous year.

Cappadocia, Turkey, or savouring a superb cup of kadak chai. Top bosses share one experience that scores a perfect 10 for them.

Huawei of misleading banks about the tech company's business in Iran, among other charges, is heading toward a January 2026 trial. At a status conference on Thursday in Brooklyn, New York, Assistant US Attorney Alexander Solomon told US District Judge Ann Donnelly that «settlement discussions ended in an impasse. We believe it would be prudent to schedule a trial date.»

Pakistan that the intelligence officials deemed a threat to the nation's security, a report has claimed. These killings were reportedly part of India's plan to eliminate terrorists living on foreign soil, news daily The Guardian reported citing Indian and Pakistani intelligence operatives. The Guardian claims it has seen documents related to these 20 killings but was unable to independently verify them. ET Online has not verified these reports independently.

Taxes and death are two of life’s great certainties, we have always been told. The record of both, however, suggests they could also be great oddities, the kind that make jaws drop in wonder. Take taxation, the less morbid of these two.

The Canada Mortgage and Housing Corp. is forecasting home prices could match peak levels seen in early 2022 by next year and reach new highs by 2026.

Some Canadian high school girls want to take their “pink tax” fight to the House of Commons, calling on the federal government to scrap an “unfair pricing practice” that research suggests discriminates against women.

Monday's total solar eclipse might become one of the year's most filmed and photographed events