Canada Financial News
08.03 / 12:35
Hollywood
Remark
Instagram
President
Experts
social
fun
Godfather of geopolitics? Viral meme casts China as Don Corleone amid Donald Trump’s wild expansion claims to Canada, Panama and Greenland
viral meme that hilariously blends Hollywood and global politics. Taking inspiration from The Godfather, the meme reimagines China as Don Corleone, with Canada, Greenland, and Panama stepping into the role of the desperate undertaker Bonasera—seeking favors they once shunned. The meme brilliantly uses the legendary movie dialogue to poke fun at the current geopolitical scenario, where former U.S. President Donald Trump has sparked controversy with his bold statements about bringing Canada, Greenland, and the Panama Canal under American control.
08.03 / 12:25
COST
UPS
Election
Trade
President
War
country
Trump tariffs: Is the US president doomed to repeat history?
Subscribe to enjoy similar stories. Last night US President Donald Trump announced – unilaterally – that India has agreed to take its tariffs “way down". For those of us who had hoped reality would somehow turn out more sober than Trump’s rhetoric suggests, his shock decisions have been a rude awakening.
08.03 / 07:33
markets
UPS
Citizens
Pool
WhatsApp
2020
Canada to send invitations to apply for Parents and Grandparents PR pathway in 2025
IRCC) had announced that they would be sending no new invitations under the Parents and Grandparents Program (PGP) this year, and would instead only be processing applications submitted in the 2024 intake. This year Canada intends to accept up to 10,000 complete applications for sponsorship under the PGP Program. «Given there remains a number of interest to sponsor forms in the pool from 2020, IRCC plans to send invitations to apply to randomly selected potential sponsors from that pool instead of accepting new forms. This is the same approach taken for the intakes conducted from 2020 to 2024,» said IRCC in a statement. ALSO READ: Canada pauses permanent residency sponsorship applications for parents, grandparents
08.03 / 06:51
markets
UPS
economy
wellness
Trade
performer
rights
Investors are in a bad mood. This time, they might be right.
Subscribe to enjoy similar stories. A Friday rally can’t hide the fact that the stock market is stuck in an ominous pattern—and it’s not clear what will shake it out. Indexes notched their worst weekly performances in months as markets were whipsawed on tariff news.
08.03 / 05:35
CEO
BAY
Hudson
Trade
President
Department
Traffic
Hudson's Bay seeks creditor protection, plans to restructure business
Canada’s oldest retailer, Hudson’s Bay, has filed for creditor protection and intends to restructure the business
08.03 / 04:23
markets
Analysis
economy
Research
Trade
reports
testing
Wall Street Week Ahead: Rocky US stock market faces inflation data test
Donald Trump's tariffs. Despite a gain on Friday, the benchmark S&P 500 marked its worst week in six months. The tech-heavy Nasdaq Composite on Thursday ended down more than 10% from its December all-time closing high, confirming it has been in a correction for several months. Investors were grappling with dramatic policy change around the world. Trump's back-and-forth implementation of fresh tariffs on Mexico, Canada and China exacerbated broad concerns about the economy. Markets were also shaken by Germany's surprise spending plans, which drove a selloff in the benchmark German Bund.
07.03 / 22:53
UPS
economy
wellness
Trade
President
International
Ministers from Japan and UK agree to promote free trade amid Trump tariff threats
Economy and foreign ministers of Japan and Britain agreed Friday to promote free and open international trade at their first “two-plus-two” dialogue on economy held in Tokyo amid growing concern about U.S. President Donald Trump’s tariff threats
07.03 / 22:25
COST
Provident
CRA
security
wellness
reports
CRA hits taxpayer with hefty 'foreign property' penalty over Swiss bank account
As you begin to prepare your 2024 tax return in the days ahead, you should pay close attention to a seemingly innocuous question on page 2 of the return. The question asks whether you owned or held “specified foreign property” where the total cost amount of all such property, at any time in 2024, was more than $100,000. If the answer is yes, the return instructs you to complete Form T1135, Foreign Income Verification Statement.
07.03 / 22:25
markets
Target
CEO
Strategy
awards
CIBC
Canadian bank CEOs received pay increases in 2024 — except for these two
Four of the six chief execs at Canada’s biggest banks received more compensation in 2024 as they were rewarded for meeting financial targets in a year marked by uncertainties linked to the United States elections and rising provisions for credit losses, but the heads of Toronto-Dominion Bank and Bank of Montreal saw their pay packages decline.
07.03 / 22:25
COST
President
reports
rights
Costco to reduce Canadian products in U.S. stores in wake of tariffs
Costco Wholesale Corp. says it is looking to reduce its reliance on Canadian products in its stores in the United States in response to tariffs from U.S. President Donald Trump.
07.03 / 22:25
UPS
security
Hudson
reports
Department
Canadian retailer Hudson's Bay prepares to file for bankruptcy
Hudson’s Bay, Canada’s oldest retailer, is planning to file for bankruptcy, according to people with knowledge of the matter.
07.03 / 22:25
markets
UPS
Manufacturing
economy
Trade
CIBC
Bank of Canada rate cut bets get boost from weak job numbers: What economists say
The uncertainty around tariffs and poor winter weather are to blame for Canada’s hiring slowdown in February, economists say, and that likely means more interest rate cuts by the Bank of Canada.
07.03 / 18:21
markets
Fighting
economy
Trade
President
country
reports
Heated clash: Donald Trump and Justin Trudeau’s post-tariff call reportedly turns explosive, filled with profanity and tense exchanges
Donald Trump and Canadian Prime Minister Justin Trudeau has gotten way worse lately, like two friends who can’t stop fighting. Back in the day, Canada and the U.S. were super close, working together on trade and stuff. But now? Things are messy.
07.03 / 15:19
markets
Citi
Winter Olympics
Olympics
Department
Traffic
snowboarding
Who is Ryan Wedding aka El Jefe, Olympian-turned-drug ring mastermind, added to FBI's 10 most wanted fugitives' list
Ryan Wedding's name has been added to the list of 10 most wanted fugitives wanted by the FBI for allegedly operating a drug trafficking network spanning several countries. Also known as "El Jefe", the former Olympian is currently residing in Mexico, the Department of State said on Thursday, while offering a $10 million reward for information leading to his arrest and/or conviction.
07.03 / 14:07
Gap
economy
Food
Trade
President
country
reports
In charts: What reciprocal tariff threat could mean for Indian goods
Subscribe to enjoy similar stories. US President Donald Trump has been relentless in his pursuit of a tariff overhaul ever since assuming office in January. After making Mexico, China, and Canada his first victims (even though he paused some of the moves for a limited time), and threatening 25% tariffs on all steel and aluminium imports, he then announced his intention to introduce reciprocal tariffs on US’s imports from other countries, including India.
07.03 / 14:07
COST
Trade
President
Experts
show
country
2020
Big chunk of North American trade remains exposed to tariffs
Subscribe to enjoy similar stories. President Trump on Thursday suspended for one month the 25% tariffs he placed on Mexican and Canadian products earlier this week. But there’s a catch: The deal only applies to goods that had been traded duty-free under a 2020 North American trade agreement.
07.03 / 11:07
markets
Strategy
economy
Trade
President
Experts
Trump’s on-again, off-again tariff strategy sows confusion
Donald Trump’s frenzied tariff barrage has been marked by reversals and faulty rollouts, baffling US trading partners and businesses while raising questions about the aims of his signature policy. During his six weeks in office, Trump imposed sweeping Canada and Mexico tariffs, only to pull back with exemptions and deferrals. Confusion has surrounded new import taxes on China. An ambitious proposal to charge duties on previously exempt low-cost packages had to be hastily reversed when it became clear the government lacked the ability to actually collect them. Trump has said tariffs can help achieve his most ambitious goals, from remaking the US economy to raising trillions in revenue. But several hasty announcements have injected chaos into the economy and financial markets, casting doubts about the White House’s trade strategy.
07.03 / 10:51
markets
UPS
Trade
country
rock
International
Why Canada should join the EU
Subscribe to enjoy similar stories. As international conflicts go, none did so little to disrupt the global order as the “whisky wars" that pitted Canada against Denmark for four decades. Flaring up in 1984, the unlikely spat involved a one-square-kilometre island in the middle of an icy Arctic channel marking the border between Greenland (now a self-ruling part of Denmark) and the Canadian territory of Nunavut.
07.03 / 08:19
markets
security
Remark
Trade
RAI
country
cover
Trump again slams India as 'high tariff nation' as Modi govt looks to avoid heavy blows
Donald Trump has once again criticised India’s trade policies, calling it a «very high tariff nation» and warning that reciprocal tariffs will come into effect on April 2. Speaking at an Oval Office event on Thursday, Trump described the upcoming levies as «the big one» among the many duties his administration has planned. India is expected to be hit particularly hard by these measures due to its high tariffs compared to the US. The comments come as Indian Commerce Minister Piyush Goyal is in Washington for discussions with Trump administration officials on trade policy between the two nations. Trump, known for his strong stance on trade, has repeatedly accused India of imposing unfair trade barriers that hurt American businesses. He has previously called India the «biggest tariff abuser» and the «tariff king.»
07.03 / 07:47
Provident
Parke
Actor
War
country
peace
Why Ukraine’s allies are divided over using $300 billion in Russian assets
Subscribe to enjoy similar stories. Days after Russia began its full-scale invasion of Ukraine, Kyiv’s allies united to deploy a weapon against the Kremlin: freezing Russia’s overseas assets. The question of what to do with the $300 billion in frozen funds has divided European countries ever since.
07.03 / 07:47
COST
Target
economy
Trade
War
country
electronic
Trump’s tariff war: The intended and unintended consequences
Subscribe to enjoy similar stories. This week, the new US president addressed the US Congress in what turned out to be the longest speech in history. Apart from talking about immigration, geopolitical conflicts and making America great again, Donald Trump reiterated his strong stance on tariffs.
what's happening in Canada
What is the current situation in Canada?
In Canada, the spotlight is on major events that spark public discussion.
Where can I find reliable news about Canada?
We publish reliable reports about the situation in Canada, based on information from regional journalists.
What shapes the media agenda in Canada?
The news landscape of Canada is shaped by major cultural and social events, reflecting its unique context.