Canada Financial News

There was a sense the tide had turned when Swiss National Bank surprised markets and cut its interest rate on Thursday — the first of the central banks in the developed world to do so.

Homebuyers are unlikely to flood back into the housing market this spring; rather their return will be “staggered” over the second half of the year, says one economist.

The head of Canada’s Lightspeed Commerce Inc. said recent talks about a potential private equity buyout of payments firm Nuvei Corp. have him thinking about whether his company should do the same.

Winnipeg.But he did not serve in Canada’s armed forces.Instead, he was a member of China’s People’s Liberation Army, according to records obtained by Global News.Before arriving in Canada in 2021, Xu worked at the military academy of the Chinese cyber warfare department that hacks Canadians and steals their secrets.Chinese state-sponsored cyber attacks have targeted Canadian companies, activists and government agencies.But three years ago, Xu obtained permanent residence in Canada and moved into a newly built suburban home in the Manitoba capital.Questioned by immigration officers when he landed at Vancouver airport, the 43-year-old said he and his wife left China because “the air quality was getting bad.”“Through the internet, we found out that the air quality is better in Canada.”He denied involvement in, or knowledge of, China’s cyber warfare and espionage programs, and insisted he was only a PLA instructor.But the army school in Henan where he taught is the training centre for the PLA hacking units that target Canada and the United States.It is also on the Canadian government’s list of “research organizations and institutions that pose the highest risk to Canada’s national security.”In addition, it has been rated a “very high risk due to its record of training signals intelligence and political warfare officers and carrying out offensive cyber operations.”Xu’s wife worked at the same PLA facility, as a language instructor, he told immigration officials.

In recent years, India has elevated to a stage where it has acquired the status of having the world’s largest overseas diaspora, with approximately 32 million NRIs and OCIs. Amongst the broad spectrum of India’s NRI network, Gulf countries continue to acquire the largest concentration, along with other countries like Singapore, the US, Canada, the UK, etc. With a plethora of NRIs moving abroad in search of better job opportunities and education, it is important to note that NRIs are taxed in India on the income generated within the country itself.

Politicians, dignitaries and celebrities joined members of the public at a state funeral to honor Brian Mulroney

It will be a very tiny big-game hunt for one of the largest animals in North America

In recent years, India has risen to a position where it boasts the world's largest overseas diaspora, comprising approximately 32 million NRIs and OCIs. Among the diverse Indian NRI community, the Gulf countries remain the most concentrated, followed by countries like Singapore, the US, Canada, and the UK. As a significant number of NRIs move abroad in pursuit of better job opportunities and education, it's crucial to understand that they are taxed in India based on income generated within the country.

Canadian and Ontario governments' COVID lockdown efforts and vaccination mandates on X. Her outspoken stance drew harassment from legacy media, censorship from prior Twitter management, and investigations by the College of Physicians and Surgeons of Ontario (CPSO), resulting in "cautions" being placed on her permanent public record. The legal battles drained Gill's life savings, leaving her with a staggering $300,000 court judgment due on Monday.

₹26,366 crore. Letters of authority (LoAs) are issued under ToT bundles 11, 12, 13 & 14, and realization of ₹15,968 crore concession fee is expected in FY24.

The World Happiness Report 2024, a partnership of Gallup, the Oxford Wellbeing Research Centre, the UN Sustainable Development Solutions Network, and WHR’s Editorial Board, is out. Mint evaluates its metrics to explain why it may not be the final word on happiness. India is ranked 126 out of 143 nations surveyed.

Multitasking is just the way many of us live. How often do you text while stuck in traffic, lose track of a podcast while doing chores, or flutter between the news and your inbox? “We get stuck in this multitasking trap even without realising that we’re doing it,” said Nicole Byers, a neuropsychologist in Calgary, Canada, who specialises in treating people with burnout. There are a few reasons for our habit. Most of us avoid boredom if we can, Byers explained, and multitasking is a reliable way to ward it off.

K-pop, K-dramas and K-noodles, with Indian students increasingly considering South Korea for higher education, according to consultants. The number of Indian students headed to South Korea is set to double in 2024 compared to two years ago, according to Rohin Kapoor, partner, management consulting, BDO. “South Korea has rolled out the red carpet for Indian students by offering attractive scholarship schemes at top universities over the last two years,” Kapoor said. At around 2,000 this year, the number is still just a fraction of the Indian students enrolled in traditionally popular destinations such as the US, UK, Canada and Australia. But the East Asian technology hub is fast emerging as an alternative destination for Indian students, owing to factors such as a large number of courses taught in English, a developed market with ample internship and employment opportunities, pro-international student policies and competitive costs along with a government push to attract overseas students.

Brian Mulroney’s political “destiny” was clear to those who knew him even from a young age — but it was his deep love for his family that leaves those closest “heartbroken” by his death, the former prime minister’s daughter said at his state funeral in Montreal.“There was a destiny attached to my father that even in his youth, no one could deny,” said Caroline Mulroney, who delivered her father’s eulogy.Brian Mulroney, who was Canada’s 18th prime minister, died at age 84 on Feb. 29 in Florida. He led the country as a Progressive Conservative from 1984 to 1993.“To dad, everyone mattered,” said Caroline, recounting her father’s legacy and the pride he took in his Irish heritage and his upbringing in Baie Comeau, Quebec.“He became a truly great prime minister and a world leader.

ALSO READ: Princess of Wales spotted shopping with husband amid 'KateGate' row, netizens say 'that woman is not Kate Middleton...' In his cryptic verses written centuries ago, Nostradamus predicted the potential "abdication" of a king and the rise of an unexpected successor. The similar situation now seems to unwind in the UK's monarchical authority, involving King Charles and Prince Harry.

Flair Airlines is putting up fewer flights domestically in Canada this spring, but the low-cost carrier’s CEO says it’s part of a broader push for the airline to fly into more sunny destinations.

OTTAWA (Reuters) -Canada's banking regulator is limiting the number of highly leveraged loans in banks' residential mortgage portfolios, which have ballooned alongside house prices to make Canadian borrowers among the most indebted in the world, the Globe and Mail reported on Friday.

Statistics Canada says retail sales fell 0.3 per cent to $67 billion in January as sales at new car dealers dropped.

Michigan attorneys have pressed a federal appellate panel in Cincinnati to move their lawsuit seeking to shut down a portion of an aging petroleum pipeline beneath the Straits of Mackinac from federal to state court

French President Emmanuel Macron says he “regrets” the Senate’s vote to reject legislation to ratify a trade deal between the European Union and Canada

Wipro has promoted six employees to senior vice president (SVP) roles and 25 others to vice president (VP) roles, as per an internal memo. Those elevated include Wipro's chief delivery officer Ajit Mahale, healthcare portfolio leader Anuj Kumar, Canada country head Kim Watson, Europe cloud sales head Srinivasaa HG, the head of its cloud arm's strategy and execution arm Satish Y and consulting unit Capco's chief financial officer (CFO) Benjamin Simon.