Canada Financial News

The maker of a drug for Lou Gehrig’s disease that recently failed in a study says it will pull the medicine from the U.S. market

Jennifer Pan who was involved in planning a home invasion to get her parents killed. Jennifer Pan, a Canadian woman hired a hitman in the area around her parents' home and planned a home invasion to kill her parents.

The Canadian dollar looks set to take a dive this summer, or at least to remain weak for some time to come.

Canadian housing prices could reach a new record by 2026, driven by unrelenting demand from a growing population, according to an outlook published by the national housing agency on Thursday.

The rate market is on edge, pending Friday’s pivotal employment reports north and south of the border. Bondholders are hungry for signs of a moderating economy. And if the job numbers flex too much muscle, expect traders to pump up bond yields, with mortgage rates feeling the burn.

New York City retirement plans reached an agreement with Royal Bank of Canada for the lender to disclose how much financing it provides for clean-energy projects relative to fossil fuels.

survey of around 19,000 respondents conducted in 19 countries shows that 80 per cent support cutting plastic production to save biodiversity and the climate. Around 80 per cent of the participants are concerned about the impact of plastic on the health of loved ones, according to the survey conducted by the independent environmental network Greenpeace International in January and February. The survey collected responses from 19,088 participants from the UK, the UAE, Canada, India, Brazil, Egypt, Germany, Mexico, South Africa, Philippines, Indonesia, Japan, Thailand, South Korea, China, Malaysia, Austria, Norway and the US. The survey shows strong support for cutting the production of plastic, with more than eight in 10 people (82 per cent), and for protecting biodiversity and the climate by reducing plastic production (80 per cent).

UK's prominent Indian student representative organisations on Thursday began a new "Fair Visa, Fair Chance" campaign in favour of the post-study Graduate Route visa, which has proved hugely popular with students from India since its launch around three years ago. The National Indian Students and Alumni Union (NISAU) UK, which had originally campaigned for the visa that allows international graduates the chance to gain work experience for two years after their degree, fears the ongoing review of the route would reverse the progress made. The independent Migration Advisory Committee (MAC) has been commissioned to review the Graduate Route visa by UK Home Secretary James Cleverly to ensure it is «fit for purpose» and is expected to report by next month. Do you meet the immigration criteria? Check here «The ability to work for two years post-graduation helps international students to earn money to help pay for their degrees and enable some to get valuable work experience as well as to continue to build strong links with the UK,» said Lord Karan Bilimoria, Co-Chair of the All Party Parliamentary Group (APPG) on International Students and patron of NISAU UK.

To get an idea of the financial toll extreme weather is taking on this country’s agriculture industry, look no further than the government of Saskatchewan’s books.

U.S. refiners are heading into the summer driving season at full speed. Shares of Marathon Petroleum are up 45% year to date, while Valero and Phillips 66 are up 39% and 30%, respectively.

Ford Motor said it is delaying the launch of a new three-row electric vehicle, which will buy time for the consumer market for EVs to further develop. The carmaker now expects to launch the new EV in 2027, delayed from a previous target date of 2025. Ford said it will still produce the EV at its Oakville Assembly Plant in Canada, which Ford is planning to overhaul from gas-vehicle production to an EV manufacturing plant.

₹508.6 crore in FY23 while losses widened 13% to ₹230 crore, according to the company's latest filings sourced from Tofler. The company claims to have been profitable in the past two quarters but has not disclosed any figures. Lowering marketing spends and logistics costs has contributed much of the company’s growth and profitability of late, Taneja said.

A consensus is emerging that Canada’s chronically slow economic growth and weak productivity constitute a national crisis. Bank of Canada senior deputy governor Carolyn Rogers last week called lagging productivity “an emergency,” saying “it’s time to break the glass.” With real GDP growth in the past decade the weakest since the 1930s and with real GDP languishing at 2014 levels, it’s hard to avoid that conclusion.

Oil prices reached their highest levels in five months this week, and economists say that could make the Bank of Canada a “little concerned” as it figures out the right time to cut interest rates.

A large number of people could be losing out on money owed to them by the Canada Revenue Agency because they don’t understand how to maximize their tax refunds.

Just a week before the Bank of Canada decides on interest rates new evidence has some economists questioning their forecasts on the first cut — and this time it comes from the central bank itself.

Canadian regulators should rethink capital requirements imposed on the country’s largest financial institutions if banks in the United States and Europe are not forced to follow through with the strict final stages of the international risk management regime put in place following the 2008 financial crisis, the head of Canada’s largest bank says.

Hotel bookings are up across the nation for travel to the line of totality for the solar eclipse.

which looks at housing trends across the country, found that it has never been as expensive to own a home anytime, anywhere in Canada as it was in Vancouver in the last quarter of 2023.The report stated that Vancouver is in a “full-blown crisis.”“At a staggering 106.4 per cent, the share of a median income needed to cover ownership costs means that only a select few high-income earners can afford to buy—or that considerable wealth must be amassed (or received) to put down towards a purchase,” the report states.“This significantly narrows the potential pool of buyers in the market, keeping activity soft and prices flat recently.

recalled by Health Canada, including one the agency warns could potentially cause death in the most vulnerable patients.That device is known as the OmniLab Advanced, and it’s typically used by people with sleep apnea — a condition where those affected stop and restart breathing while asleep.According to the recall notice, the OmniLab Advanced has an alarm to notify users when the device’s ventilator finds an internal error or problem. The agency says products with any lot are recalled or have the model number 1044278.According to the agency, this includes the device rebooting intermittently, restarting therapy, or even entering an inoperative state with or without reboots.Health Canada says any of the issues could “result in interruption and/or loss of therapy which may lead to hypoventilation, mild to severe hypoxemia, hypercarbia, respiratory failure/insufficiency, or potentially death in the most vulnerable patients.”It’s not the only medical device recalled, however.Among the recalls, several of which began last month, are multiple Medtronic cannulae products.

Gurpatwant Singh Pannun murder plot. “We have made clear to the Government of India that we want to see them conduct a full investigation, and we continue to look forward to the results of that investigation…," Miller said. The Biden administration earlier stated that the US is working with India to hold accountable those behind a plot to kill Pannun.