Canada Financial News

Senior executives from Canada’s biggest banks were in New York this week for the RBC Capital Markets Financial Institutions Conference, where they addressed issues ranging from the financial health of consumers to interest rates and credit quality. The Financial Post’s Denise Paglinawan rounds up some of the highlights.

By Lisa Richwine and Dawn Chmielewski

The Body Shop, shut down all of its US-based operations and will soon be closing dozens of Canadian store locations after filing for bankruptcy, CNN reported. Earlier this month, The Body Shop, in an official release, announced that its US subsidiary was no longer operational, effective March 1.

pension funds in Canada and a leading global investor, has appointed former Deloitte chief executive N Venkatram as the country chair for CDPQ India. Venkatram, known as Venkat, will join the fund on April 1, 2024, and will also be a member of CDPQ's global management team, the company said. Venkat served as the CEO and managing partner of Deloitte South Asia from 2015 to 2023. He was also on the global executive of Deloitte Touche Tohmatsu, and Asia Pacific executive as well as a member of the South Asia board and the executive committee for 12 years.

A long-promised revolution in banking is headedto Canada, but you might not notice when it arrives.

With the cost of living through the roof, Canadian pet owners are also grappling with soaring veterinary bills that can sometimes put them in a “life-and-death situation.”

Febrio De-Zoysa murdered Ekanayake, her four children and a family acquaintance.The father, Dhanushka Wickramasinghe, suffered serious but not life-threatening injuries.De-Zoysa, who had been boarding with the Wickramasinghe family, is facing six counts of first-degree murder and one count of attempted murder.Sri Lanka’s High Commission in Ottawa confirmed to Global News that the two adult victims are Sri Lankan nationals.Neighbours and friends gathered in reflection and fellowship at a community park Saturday afternoon, just a block away from the home where the Wickramasinghe family were building their new life in Canada.On and around benches, community members laid heartfelt notes, teddy bears, bouquets of flowers and balloons among other items to pay their respects.Naradha Kodituwakku from the Buddhist Congress of Canada, spoke to the crowd.“Ottawa Sri Lankan community, I know you’re hurting and we are hurting with you,” he said as his voice cracked with emotion.A number of attendees at the vigil knew the mother, Dharshani, and her four children personally. Some brought photos and shared memories with others in the community.Neighbours of the family struggled with the senseless violence, including Rochelle LaChance, who lives just a few houses down from where the homicides occurred.“It’s been weighing heavy on a lot of us… it’s nice to see everyone together and have this space to grieve.

class sizes across Canada, a new study is suggesting “smaller class sizes” may not give students a boost after all.The study found minimizing the number of students in classrooms did not lead to better grades, and suggests it may even decrease their odds at achieving the best results. The study looked at data from Macau, China and Japan, of 2,700 “disadvantaged” secondary school students with class sizes of 15 or fewer pupils to more than 50.It notes the quantity of teachers didn’t increase the odds for students from what they deemed the poorest backgrounds.

The study uses a Mental Health Quotient (MHQ) to assess various aspects of mental health. Participants are categorized based on their scores, ranging from «thriving» to «distressed.» In the rankings for 2023, the Dominican Republic topped the list with the highest average MHQ (91), followed by Sri Lanka (89) and Tanzania (88). Conversely, Uzbekistan had the lowest average MHQ (48), with the UK following closely at 49.

The federal government is reducing its nationalbeer tax that was set to increase on April 1, Finance Minister Chrystia Freeland announced Saturday.

This article is part of Global News’ Home School series, which provides Canadians the basics they need to know about the housing market that were not taught in school.

If you were paying attention to the news in the early 2000s, you’ve likely seen footage — desperate parents, exhausted and frightened by their troubled teen’s behaviour, pay to have their child abducted in the night and placed in a program that will scare them straight and reform them back into good behaviour.

India is set to tie duty reductions associated with the trade agreement with the European Free Trade Association (EFTA) to investments made by companies from member nations, including Switzerland, Norway, Iceland, and Liechtenstein, reported TOI. These nations have collectively pledged to invest $100 billion over a span of 15 years. The FTA is scheduled to be signed on Sunday following its clearance by the Union cabinet on Thursday evening. Negotiations for the agreement commenced in 2008 but were halted after the Modi government assumed office in 2014, as per a TOI report.

Investing.com —Canada’s main stock index, the S&P/TSX Composite, traded in the red by late-afternoon trading, tracking the S&P500 and Nasdaq lower as tech stocks retreated.

the scene of the city’s worst mass killing in recent memory says he did not know the accused killer lived there.Ottawa police allege 19-year-old Sri Lankan national Febrio De-Zoysa murdered a mother, and her four children along with a family acquaintance. The youngest victim was just a few months old.

masur, tur (pigeon pea) and urad. In addition, the government will also procure unlimited amounts of cotton at MSP for the next five years, but this is not linked to the diversification plan. This initiative aims to encourage farmers to move away from harmful practices used for traditional crops that damage soil health.

Taro Sakamoto's 158th chapter releases on 10th. Fans can read this latest issue on the Shonen Jump+ official app, Viz Media's official site or Shueisha's MANGAPlus platform. Here's how you can read all the action.

Lobsters in southwestern Nova Scotia are selling at the highest price seen so far this season, as fishermen struggle with high overhead costs and a lower catch rate than in previous years.

Canadian employers are continuing to hire, but are still outpaced by population growth in the country, Statistics Canada said Friday.

Canada Pension Plan Investment Board has agreed to acquire a minority stake in Telecom Italia SpA’s landline network.

The top executives at three of Canada’s biggest banks took home less than their target pay last year, according to new filings.