Canada Financial News

Ever since the federal government announced its decision to place caps on temporary residents, economists have been talking about how the move could potentially compel businesses to invest more on technology instead of relying on “cheap labour” from abroad, which in the long run should help boost Canada’s struggling productivity rate.

Trains aren’t the only place Canada lags on high-speed rail, as the effort to bring in a faster payment system, known as the Real-Time Rail, is years behind schedule.

Some of the biggest U.S. companies in artificial intelligence have asked their Taiwanese manufacturing partners to step up production of AI-related hardware in Mexico, seeking to diminish reliance on China. Taiwan-based Foxconn, the world’s largest contract electronics manufacturer, and other Taiwanese companies are heeding the call and investing more in Mexico, according to industry executives and analysts.

David Petraeus says the risk of a terror attack in Canada is “elevated” following an attack at a concert hall in Moscow that left 139 dead last week, for which an ISIS splinter group claimed responsibility.Petraeus told The West Block host Mercedes Stephenson that an attack of such a scale makes the current state of extremism and global instability “very worrisome.”“What actually keeps me awake at night… is the fact that we face more threats and more complex threats than we have at any time since the end of the Cold War, if not the end of World War Two,” said Petraeus, who is a former director of the U.S. Central Intelligence Agency.An Islamic State group known as ISIS-K has since claimed responsibility for the attack in Moscow that killed 139 people and left nearly 200 more injured.

contraception for women, the government said Saturday as it highlighted the first part of a major health care reform. The government will pay for the most widely used methods to avoid pregnancy, such as IUDs, contraceptive pills, hormonal implants or the day after pill, for the nine million Canadian women of reproductive age, Deputy Prime Minister Chrystia Freeland said at a press conference in a pharmacy in Toronto.

By Carl Gomez

Using your home equity like a credit card is nothing new. Using your home equity like a credit card and not having to pay anything back until you sell? That is new. And that’s what reverse mortgage challenger Bloom Financial has just launched.

Solar Eclipse of 2024. It is also referred to as Surya Grahan and a total solar eclipse which happens when the moon moves in front of the Sun and Earth, partially or obscuring the Sun's face. 1) This time, there will be a total solar eclipse that can be seen across North America including the United States, Canada, Mexico, and other countries.

As the excitement builds for the upcoming total solar eclipse, warnings about counterfeit and fake eclipse glasses are also popping up.

Germany is set to join the global cannabis revolution on Monday, with a law coming into effect legalising recreational use of the drug. It is the first big European country to legalise the possession and consumption of small amounts of the drug by adults and one of only two among the G7 group of leading world powers, with Canada.

Ewan McGregor stars alongside his wife in the new series 'A Gentleman in Moscow,' based on Amor Towles' novel. It follows a Russian aristocrat sentenced to life in a hotel post-Bolshevik Revolution. Here's all you need to know about its release, cast, and more.

The recent demise of Lynx Air leaves Flair Airlines alone holding the banner for ultra-low-cost carriers in the Canadian airspace.

Surya Grahan, is set to occur on April 8, the Federal Aviation Administration (FAA) has issued a cautionary notice regarding air travel during this celestial event. The FAA, a US government civil aviation agency, has advised that aircraft should be prepared for possible delays, reroutes, and changes in departure schedules for all domestic IFR flights. According to the FAA's website, Traffic Management Initiatives may be implemented, and airports in the path of the upcoming Solar Eclipse are expected to be affected. The FAA emphasized the need for pilots and airports to make necessary arrangements and stay updated on any temporary flight restrictions that may be imposed. The Solar Eclipse on April 8, 2024, will be visible in several countries, including the United States, Mexico, and Canada. NASA confirmed that the eclipse will traverse North America, creating a spectacle for observers. As a result, air traffic is anticipated to intensify, particularly between Texas and New England, as enthusiasts prepare to witness this rare event.

Axis Bank credit card holders took to social media platforms like X (formerly Twitter) to report unauthorised transactions, including international purchases made without their consent. One user claimed to have received a fraudulent transaction alert from Uber Eats Canada, while others complained about being unable to close their credit cards due to technical glitches on the bank's app, as per the report.

The decision by the government of Ontario will hit hardest at colleges that have been relying entirely on foreign enrollments to drive recent growth. Colleges Ontario, an industry group, said revenue losses will be in the hundreds of millions of dollars this fall. That will mean “immediate program suspensions” and a pause on capital spending, Marketa Evans, the group’s CEO, said in a statement. “No organization can absorb such losses without significant cuts to operations.”

Russia and the USA are expected to take the lead in crypto adoption, according to a new report published on Statista called Digital Assets: Market Data & Analysis. 

Canadians with bare trust arrangements, such as a co-signed mortgage or joint bank account, are now exempt from filing a return this tax season.

The Canadian economy is outperforming expectations to start 2024, Statistics Canada data shows.

After a search that spanned throughout the course of nearly one year, a crab fisherman from New Brunswick has claimed the largest lottery prize ever won in Atlantic Canada — $64-million dollars — just 19 days before the ticket was set to expire.

Ontario-based couple Kathleen*, 62, and Charles, 65, are preparing to start drawing from their retirement savings as their main source of income and are looking to put their registered retirement savings plans to work for them.

As the countdown to central bank rate cuts continues, what’s in store for the Canadian dollar?