Canada Financial News

14.03 / 19:51

Maxim Aware CRA information 2020 reports Courts Taxpayer learns ignorance isn't bliss when it comes to the CRA and TFSA rules

As we wade through tax season anxiously awaiting those final few T5 and T3 slips for 2023 to arrive, we should ensure we’ve taken full advantage of the contribution room available to us in all the various registered plans in order to minimize the amount of taxable investment income we’ll need to report in future years.

14.03 / 19:51

markets UPS CEO security economy country reports Why the Liberals' 'dangerous' pursuit of Canada's pension billions keeps falling flat

Shortly after he was elected Canada’s 23rd prime minister, Justin Trudeau gathered the country’s top pension officials in a conference room in downtown Toronto for a roundtable discussion on infrastructure. To most in attendance that day in November 2016, the government’s intention was clear.

14.03 / 17:07

markets COST pandemic show reports inequality Canada’s next wealth divide? It’s renters versus homeowners, RBC says

Persistent unaffordability in Canada’s housing market is widening the wealth divide between renters and homeowners, Royal Bank of Canada says in a new report.

14.03 / 17:07

UPS Sobeys parent Empire sees profit climb 8.5% from year earlier

The parent company of the Sobeys, Safeway and FreshCo grocery chains says net earnings in its latest quarter were up 8.5 per cent to $134.2 million.

14.03 / 10:47

Platform Entertainment Sony film country audience Videos Crunchyroll sees uptick in active users as anime finds favour in India

Solo Leveling, Jujutsu Kaisen, Mashle: Magic and Muscles, One Piece, and The Daily Life of the Immortal King have found traction in India. Crunchyroll, LLC is an independent joint venture between Sony Pictures Entertainment in the US and Aniplex in Japan, a subsidiary of Sony Music Entertainment (Japan) Inc., both subsidiaries of Tokyo-based Sony Group Corp. Crunchyroll opened its second office in India in Hyderabad earlier this month.

14.03 / 09:13

Citi Election Moodys trends reports Department Moody's departs from Canary Wharf offices - reports

According to reports in the FT, Moody's is not planning to renew its lease at One Canada Square and will instead move to 10 Gresham Street, near St Paul's Cathedral, once its current tenancy runs out in 2026. Moody's downgrades China sovereign credit outlook to negative Moody's has been based in Canary Wharf for 15 years, and its relocation forms part of a longer-term trend the City has seen of companies electing to relocate. Last year, HSBC said it would leave the docklands area for a new office in the City. The bank's headquarters have been located in a 42-storey tower since 2002...

14.03 / 07:49

WhatsApp community Refugees students recommendations International Destinations Canada announces new immigration pilots to support rural and Francophone communities

immigration Minister, Marc Miller, recently announced two new pilot immigration programs aimed at benefitting the rural and Francophone minority communities. Immigration, Refugees and Citizenship Canada (IRCC) will also work toward creating a permanent rural immigration program, states a release. The two pilots announced are the Rural Community Immigration Pilot and the Francophone Community Immigration Pilot.

14.03 / 07:11

markets COST UPS Citi country reports NOT Not just Toronto: Are these cities seeing ‘unsustainable’ rent spikes, too?

As more and more Canadians from other parts of the country are moving to Alberta for a lower cost of living, there’s a catch 22 situation — that migration might be driving up rents in cities like Edmonton and Calgary that are drawing those fed up with high costs elsewhere.

14.03 / 03:07

Reuters CEO WhatsApp Trade reports Investigations stake Singtel shares fall more than 1% after Optus stake sale reports

1% on Thursday in early trade after reports it was in advanced negotiations to sell a significant stake in Australian telco Optus to Canada's Brookfield Asset Management. Those reports came after Singtel had dismissed an article in the Australian Financial Review (AFR) on Wednesday saying it would sell the entirety of Australia's second-largest telecommunications group for as much as A$18 billion ($11.93 billion).

13.03 / 22:13

markets UPS Progressive pandemic CIBC Department CIBC sees Ottawa's bond issuance rising 22%

Justin Trudeau’s government will end up tapping the bond market for around $250 billion in debt next year, one of the country’s biggest lenders says.

13.03 / 22:13

markets Target Booking security Healthcare Interviews Real-return bonds reap gains for HOOPP

Canadian inflation-protected securities known as real-return bonds are reaping gains for one of the country’s largest pension funds during a turbulent period for fixed-income markets.

13.03 / 20:35

COST Citizens Williams Fighting rights Videos mountaineering Carbon price could see Liberals ‘annihilated,’ Ford says as Trudeau, Smith meet

“If they don’t start putting money back in people’s pockets instead of filling their pockets, guess what? They’re going to get annihilated, as I’ve said before, they’re done. They’re done like dinner,” Ford said at a housing announcement in Pickering, Ont. Wednesday.

13.03 / 18:51

Food Loblaw show information reports testing prevention Customers Loblaw testing grocery receipt scanners. Can customers refuse?

For some Loblaw customers in Ontario, their next grocery run might look and feel a little different.

13.03 / 18:51

markets trends country rowing Stock market rally made Canadian households wealthier in Q4, StatCan says

Statistics Canada says households owed $1.79 in credit market debt on average for every dollar of disposable income in the fourth quarter.

13.03 / 18:15

COST UPS Progressive Extreme Action security Courts The 'nightmare scenario': High interest rates are pushing more developments into receivership

To passersby, the construction site at Yonge and Bloor in downtown Toronto where The One, an 85-storey mixed-use development is slowly taking shape, looks just like any other, albeit on a grander scale. Workers are making progress, pushing up past the 50th storey as the building’s facade begins to take shape.

13.03 / 18:15

FIVE economy Opinion Diversity country reports Opinion: In reality, Canadians have been suffering a nine-year recession

By Jason Clemens, Grady Munro and Milagros Palacios

13.03 / 18:15

markets COST economy wellness country rights Joe Oliver: Hands off my pension! That includes you, Chrystia Freeland

Last week, 92 prominent senior executives, investment managers and individual investors signed an open letter to the federal and provincial ministers of finance expressing concern with “the decline in Canadian investments by pension funds and its impact on the Canadian economy.” Aggregate public and private Canadian equity investments are down to about a tenth of the total of more than $3 trillion in total pension assets.

13.03 / 12:13

Provident WhatsApp wellness trends reports travelers Destinations Visa application volume from Mumbai sees 30% YoY growth in 2023, recovers to 90% of pre-pandemic level

Visa application volumes from Mumbai in 2023 registered a 30 per cent year-on-year growth, according to a report by VFS Global, closing in further to the pre-pandemic levels. When compared to the pre-pandemic numbers, visa application volumes from Mumbai reached 90 per cent of the 2019 levels. The demand pattern in Mumbai was in line with the overall growth trend registered in India, which saw a 16 per cent year-on-year in visa applications in 2023. In comparison to the pre-pandemic numbers, visa application volumes from India reached 93 per cent of the 2019 levels.

13.03 / 11:23

Binance CEO country travelers Courts Updates Binance’s Former CEO Changpeng Zhao Ordered to Surrender Passport in Updated Bail Terms

Ex-Binance CEO Changpeng Zhao was instructed to give up his Canadian passport as part of a revised bail agreement, court documents filed Monday showed.

13.03 / 08:21

markets COST UPS FIVE Experts Cycling rights Variable or short-term fixed mortgage? Where experts see the ‘sweet spot’

The Canadian mortgage space is already seeing some rates on offer decline heading into the spring market, despite no clear indication yet from the Bank of Canada that interest rate cuts are imminent.

13.03 / 04:17

UPS BLOCK Parke show reports Videos New Zealand raises doubt over Canada's claim of India's link to Khalistani terrorist Hardeep Singh Nijjar's murder

Ambush, barrage of bullets: CCTV captures final moments of Hardeep Nijjar On Saturday, Canada-based CBC News reported about a purported video footage that has surfaced showing Nijjar being shot by armed men. The video shows Nijjar leaving the parking lot of the Gurdwara in his grey Dodge Ram pickup truck. As he approaches the exit, a white sedan pulls in front of him, blocking his truck.

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