Canada Financial News

total solar eclipse gracing parts of Mexico, Canada, and the US, spanning from Texas to Maine. Notably, this event marks the last opportunity for a total solar eclipse to traverse a significant portion of the US until the year 2044, adding to its significance and allure. As anticipation mounts for this extraordinary spectacle, enthusiasts and astronomers alike prepare to witness nature's awe-inspiring display in the skies above.

Canada will tighten its scrutiny of foreign investments in artificial intelligence, quantum computing and space technology as the government expands its power to stall and block deals for national security reasons.

In these tough economic times, the ranks of Canadians taking on a side hustle to make ends meet is rising.

In 2022, I wrote a column asking why Canada couldn’t be as smart and successful as Australia. Two years later, by almost any metric, Australia continues to outperform us economically, while maintaining its social democracy and generous welfare programs.

TORONTO — Smith Financial Corp. is merging a pair of its portfolio companies, Fairstone Bank of Canada and Home Trust Co., in a move they say will create the leading alternative lender in Canada.

Canada must tackle weak productivity to inoculate the economy against factors that will drive future inflation, such as the pullback from globalization, said Carolyn Rogers, senior deputy governor of the Bank of Canada.

Inflation is continuing to bite Canada’s restaurant industry, as sales have dipped across the country and consumers are facing higher menu prices.

Canada Goose Holdings Inc. says it is laying off 17 per cent of its global corporate workforce.

The Bank of Canada is warning that waning productivity growth in the country is an “emergency” that can force higher interest rates and limit rising wages for Canadians.

Spicejet Share Price Today: Shares of SpiceJet climbed over seven per cent earlier today after the low-cost budget carrier settled its ₹755-crore deal with Export Development Canada (EDC) to clear major liabilities. The deal will lead to a comprehensive revitalization of its balance sheet, said SpiceJet in its statement. This settlement is being termed as the biggest breakthrough in the airline's financial restructuring efforts till date.

By Peter Shawn Taylor

There are a lot of good things about getting older. One of them in my work life is that I recall the “good old days” with respect to certain taxation matters.

Manulife Financial Corp. has struck another deal to offload some of its less-profitable assets, agreeing to reinsure $5.8 billion of Canadian policies with RGA Life Reinsurance Co. of Canada.

SpiceJet on Tuesday said it has agreed to a pact with Export Development Canada (EDC) to settle liabilities worth Rs 755 crore. The settlement will generate savings to the tune of Rs 567 crore, the airline said in a statement. As part of the agreement, SpiceJet will also acquire ownership of 13 EDC-financed Q400 aircraft. Twelve out of these 13 aircraft were grounded as the airline had failed to pay lease rentals to the lessor. SpiceJet chairman Ajay Singh said the settlement will allow the airline to strengthen its balance sheet. «This settlement not only alleviates SpiceJet of a substantial financial burden but also lays the groundwork for a fortified balance sheet and substantial savings for the airline,» said the airline.

GAIL (India) Ltd, is preparing to commission the country's first green hydrogen project in the coming weeks. As reported by Reuters and confirmed by multiple sources within the company, this pioneering initiative is slated to commence operations at GAIL's Vijaipur complex in Madhya Pradesh by April.

BENGALURU (Reuters) -Indian budget carrier SpiceJet said on Tuesday it agreed with Export Development Canada (EDC) to settle liabilities worth around $91 million, allowing it to take ownership of 13 of 15 Bombardier (OTC:BDRBF) Q400 aircraft financed by the Canadian trade finance agency.

Rategain Travel Technologies jumped by another 3% in today's intraday trade, reaching ₹788 apiece. Today's rise in the shares follows the company's announcement of a strategic collaboration between its AI-powered airline pricing solution, AirGain, and Summerwind GSA, a distinguished General Sales Agent (GSA) known for its innovative approach to airline representation.

It started out as a fun night out but took a turn in the wrong direction.

Flair Airlines is facing service issues on its website affecting customers’ ability to book a flight with the low-cost carrier.

Foreign Affairs Minister Melanie Joly says Canada has airlifted 18 Canadians out of Haiti, as assisted departures began from the Caribbean nation on Monday.

Dozens of Liberal members of Parliament are calling on the finance minister to set aside money for the Canada Disability Benefit in next month’s federal budget.