Canada Financial News
28.03 / 15:41
Platform
ByteDance
TikTok
Instagram
students
social
Schools
4 Canadian school boards sue Snapchat, TikTok and Meta for disrupting students' education
Four of the largest school boards in the Canadian province of Ontario have launched lawsuits against TikTok, Meta and SnapChat alleging the social media platforms are disrupting student learning
28.03 / 13:11
BLOCK
social
reports
Investigations
International
Customers
Axis Bank credit card customers allege fraudulent transactions on the social media. Details here
Axis Bank customers have faced fraudulent transactions, as some of them have highlighted their concerns on social media.
28.03 / 12:37
COST
FIVE
economy
EON
Trade
country
NOT
David Rosenberg: Canada was once productive and competitive, but not today
I have to say that watching the recent fiasco in the House of Commons with respect to the subtle (maybe not too subtle) shift in Mideast policy makes it embarrassing enough to be a Canadian, but the government’s mishandling of the economy and fiscal policy is beyond the pale — declining real per-capita incomes in Canada year in and year out.
28.03 / 12:37
UPS
Quadrigacx
Rolex
show
Courts
Investigations
B.C. steps up probe of Quadriga co-founder's hoard of gold bars, a Rolex and cash
Provincial officials in Canada are trying to force the surviving co-founder of defunct crypto exchange QuadrigaCX to explain how he came by a cash hoard, 45 gold bars and jewelry including a diamond-studded Rolex.
28.03 / 12:37
markets
economy
Sustainability
Trade
performer
country
How to fix Canada's poor productivity performance
By Atakan Bakiskan
28.03 / 10:13
Quadrigacx
Crypto Crime
Canadian Authorities Question QuadrigaCX Co-Founder on Source of Funds
Canadian authorities have filed a third “unexplained wealth order” application with the British Columbia Supreme Court targeting the co-founder of QuadrigaCX Michael Patryn to explain how assets were acquired.
27.03 / 18:25
markets
UPS
Target
trends
Universities
country
Canada’s population hits 41M months after breaking 40M threshold
Nine months after reaching a population of 40 million, Canada has cracked a new threshold.As of Wednesday morning, it’s estimated 41 million people now call the country home, according to Statistics Canada’s live population tracker.The speed at which Canada’s population is growing was also reflected in new data released Wednesday by the federal agency: between Jan. 1 2023 and Jan.
27.03 / 17:03
COST
President
students
Universities
show
Videos
International
Study abroad: When America beckons — how much money do you need to study at a US university?
video of an Indian student from Hyderabad went viral, where he was seen bleeding profusely. He was beaten and robbed in the US. Following this, US President Joe Biden said that the US administration is working very hard to curb such attacks against international students from India.
27.03 / 16:06
markets
COST
UPS
Dreams
show
reports
inequality
Affordability issues are ‘casting a shadow’ over young Canadians’ economic futures
Canadians are at risk of missing key financial milestones, particularly achieving the dream of homeownership — amid what Statistics Canada sees as a series of affordability challenges staring down the youngest generations.
27.03 / 16:05
markets
COST
show
reports
Rental construction across Canada hit ‘record levels’ in 2023: CMHC
The construction of purpose-built rentals and condominiums hit “record levels” in 2023, data from the Canada Mortgage and Housing Corporation released on Wednesday shows.
27.03 / 16:05
27.03 / 16:05
Target
Digital
security
Actor
innovations
reports
Interviews
Canada to tighten foreign investment rules for AI, other sectors: report
Canada will require foreign companies to warn the government in advance before making investments or acquisitions in artificial intelligence, quantum computing and space technology, Bloomberg News reported on Tuesday, citing an interview with Innovation Minister Francois-Philippe Champagne.
27.03 / 15:13
27.03 / 15:13
27.03 / 15:13
27.03 / 14:17
UPS
Citi
pandemic
show
2020
reports
Remote work and how it’s shaping where people are now buying homes in Ontario
The prevalence of remote work exploded at the onset of the COVID-19 pandemic, but as the nation continues moving toward a “return to normal,” more and more employers have begun instituting return-to-office policies.From a peak of 41.1 per cent of working Canadians working remotely in April 2020, recent Statistics Canada data shows a combined 25 per cent of working Canadians are working either completely remotely or in a hybrid setup.At the same time, a real estate frenzy that peaked with record sales prices across Ontario in 2022 saw prices fall in 2023 and growth slowing since then, in part due to rate increases from the Bank of Canada.But many real estate agents say workers who moved away from the city during the height of the pandemic are staying put and stomaching a longer commute a few times a week, while others – especially those farther away from urban centres or in remote or difficult-to-access locations – have said the call back to the office has also called clients back to the city, or that the challenges of rural living caught up with some new owners.Data from the Toronto Regional Real Estate Board shows the average price of a home in the city of Toronto was $884,385 in January 2020.
27.03 / 12:09
markets
UPS
Provident
Waters
Sustainability
country
Canada Had Designs on Being a Hydro Superpower. Now Its Rivers and Lakes Are Drying Up
The Canadian province of Quebec had big plans of becoming the “battery of the U.S. northeast" by feeding power generated from its dams and other hydro plants to millions of people in Vermont, Massachusetts and New York state. Now, dry conditions that have affected energy output worldwide are forcing one of the world’s largest hydropower producers to cut exports.
27.03 / 07:05
markets
Digital
Entertainment
film
innovations
information
International
Top 3 VFX stocks to add to your watchlist
tech boom was a time of groundbreaking innovation, from which India emerged not merely as a participant but as a key driver, attracting multinational corporations with its robust information technology outsourcing capabilities. This era showcased India's growing IT prowess, characterised by innovation, efficiency, and a subsequent economic surge. A similar scenario is unfolding today, albeit with a different focus.
27.03 / 02:09
markets
Aware
Manufacturing
Platform
Enterprise
Parke
reports
Brookfield's big sale has many investors interested
NEW DELHI : Actis Llp’s BluPine Energy, Singapore’s Sembcorp Industries Ltd, Edelweiss Infrastructure Yield Plus Fund’s Sekura Energy, Torrent Power and JSW Group are exploring to buy Brookfield Renewable’s 1.6 gigawatt (GW) portfolio in India, two people aware of the development said. The deal is expected to have an equity value of around $800 million. JP Morgan is running the sale process for the 1.6 GW capacity, of which 1 GW is operational, while the balance 600 MW is under execution.
27.03 / 02:09
markets
COST
Gemini
Tesla
show
reports
Elon Musk's Grok AI will be available for all X Premium users later this week
Elon Musk's X shows support to paediatrician Kulvinder Kaur Gill's against 'Canada govt-supported efforts to cancel her Notably, OpenAI and its flagship offering, ChatGPT, have been in Musk's firing line since the lawsuit, going so far as to call the San Francisco-based startup "closed AI". Recently, Musk's xAI had also decided to join the ranks of Meta and Mistral by open sourcing Grok AI under the Apace 2.0 licence. Musk had launched Grok AI in November last year as an alternative to popular chatbots on the market, including ChatGPT and Gemini (formerly Bard).
26.03 / 23:33
Target
Investigations
400 officers launch raids in Montreal cocaine, money laundering bust
RCMP are calling a “massive operation” targeting a suspected criminal organization in the city.“The infractions being investigated are cocaine trafficking, money laundering and illegal gambling,” RCMP spokesperson Sgt.
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