Canada Financial News

12.03 / 21:09

markets UPS Target economy Updates Quebec forecasts record 2024/25 budget deficit, cites global conditions

OTTAWA (Reuters) — The Canadian province of Quebec on Tuesday forecast its 2024/25 budget deficit would hit a record C$11 billion from the C$4 billion forecast last November and blamed a sluggish global economy and investments in public services.

12.03 / 15:37

UPS Extreme BURST track reports medicines January cold snap resulted in $180-million of insurance claims in Western Canada

After one extreme weather event in Alberta in the first weeks of 2024, Canadian insurers are expecting “extremely concerning” weather conditions this summer as the province braces for worsening drought and a potentially severe wildfire season.

12.03 / 15:37

markets Analysis economy Trade reports rights rowing Posthaste: Risks grow that the Bank of Canada will wait too long to pull the trigger on rate cuts

The Bank of Canada runs the risk of depressing an already fragile economy by waiting too long to cut interest rates, says a report from Moody’s Analytics.

12.03 / 15:31

COST UPS President show travelers International Travelling this spring? How to save money on your next trip

As March break kicks off in parts of Canada, hundreds of thousands of Canadians are set to hit the roads and airports this week in one of the busiest travel times of the year.

12.03 / 13:19

UPS Airlines Pregnancy travelers volunteers Air Canada diverts plane as baby born on Toronto-bound flight

Air Canada flight last week, a baby was born mid-air as the plane was forced to divert after a passenger went into early labour.Flight AC Rouge 1879 was flying from St.

12.03 / 12:07

markets Aware Action information reports testing Department Health Canada ‘reviewing’ U.S. lab’s findings of benzene in acne products

U.S. lab said it detected benzene, a cancer-causing chemical, in several popular over-the-counter acne products, Health Canada said it is reviewing the findings.On March 6, Valisure, an independent lab, reported that benzene can form at high levels in benzoyl peroxide products (used to treat acne) and that it found it in products from the brands it tested.In an email to Global News on Monday, a Health Canada spokesperson said the department “has been made aware of the test results from Valisure, the U.S.

12.03 / 11:31

COST economy Parke trends Trade Experts country Diane Francis: Trudeau sits idly by as Mexico overtakes us as America's largest trading partner

Last year, Mexico became the United States’ biggest trading partner, surpassing Canada and China for the first time. This humiliating fact is simply the latest statistic that illustrates Canada’s economic decline since Prime Minister Justin Trudeau took power in 2015.

12.03 / 11:30

Citi show stage reports International National Bank of Canada weighs options for Cambodian unit

National Bank of Canada is exploring options including a sale of ABA Bank, which could be valued at more than US$2 billion in a deal, according to people familiar with the matter.

12.03 / 11:29

Provident Strategy Research wellness CIBC show What will your income be in retirement? The answer goes well beyond investment returns

The financial industry sometimes overlooks the significant differences in investment knowledge from one person to the next. Some people are savvy, self-directed investors, while others do not understand the difference between an RRSP and a TFSA.

12.03 / 11:29

Provident community wellness information reports Department Relationships New trust reporting rules are daunting and expensive if you fail to file on time

New trust reporting rules first proposed in the 2018 federal budget require most trusts to file a T3 tax and information return with expanded reporting on who the settlor(s), trustee(s) and beneficiaries of the trust are. Such requirements seem benign, but the amount of information needed to be disclosed on such people can be daunting.

12.03 / 05:26

Provident FIVE Platform country beautiful information International The Body Shop ceases US operations, plans to close dozens of stores in UK, Canada

The Body Shop has ceased its U.S. operations and is closing dozens of locations in Canada amid deepening financial struggles for the British beauty and cosmetics chain

12.03 / 05:25

UPS Waters Bill President Fishing recommendations aquatics US, Canada and indigenous groups announce proposal to address cross-border mining pollution

The U.S., Canada and several indigenous groups have agreed to address pollution from coal mining in British Columbia that officials say has been contaminating waterways on both sides of the border for many years

12.03 / 05:25

Align country Department Want to buy 'Made in the USA' meat and eggs? A new federal labeling rule might help

Shoppers who want to determine if their meat, eggs and poultry were “Made in the USA” are expected to find the task easier once a finalized federal rule takes effect

11.03 / 22:19

country information 2020 reports International US led global oil production for sixth straight year in 2023

Barrons Roundtable discusses the price of oil and the demand for natural gas.

11.03 / 18:45

markets UPS Food Trade country innovations International The India-EFTA trade deal: A win-win

On Sunday, India signed the India-EFTA Trade and Economic Partnership Agreement, our first trade deal with any Western nation or group. It was signed with the European Free Trade Association (EFTA), which comprises Iceland, Liechtenstein, Norway and Switzerland. It’s an innovative and well-balanced pact that covers two-way trade in goods and services as well as bilateral investments.

11.03 / 17:49

UPS economy pandemic trends Experts reports Insolvencies to remain high in Canada as economy plays catch-up: experts

Business insolvencies will likely remain elevated throughout 2024, experts said, as the economy plays catch-up after historically low levels during the pandemic.

11.03 / 16:36

UPS Provident Manufacturing security Inside politician Investigations Chinese-made cranes used at Canadian ports flagged as security concern by U.S.

Chinese-made cargo cranes that have been flagged as a security concern by an ongoing congressional probe in the United States are widely deployed throughout Canada’s ports.

11.03 / 16:36

COST UPS FIVE show reports Average asking rent prices reach $2,193 in February, up 10.5% from 2023

A new report says the average asking price for a rental unit in Canada was $2,193 per month in February, marking a 10.5 per cent jump year over year and the fastest annual growth since September 2023.

11.03 / 16:36

markets UPS Extreme trends country reports Posthaste: Canada's housing market 'recovery' gets a reality check

Don’t count on that housing market recovery just yet.

11.03 / 12:37

UPS Progressive security social inclusion gatherings Open banking is coming, heralding big changes in how Canadians bank

TORONTO — A long-promised revolution in banking is headed to Canada, but you might not notice when it arrives.

11.03 / 12:37

COST hospital Department prevention rowing Chrystia Freeland proposes halt to planned increase on beer tax

Canada’s finance minister announced tax relief aimed at the country’s small breweries ahead of a deadline that would have seen certain duties on domestic beer, wine and spirits more than double.

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