Canada Financial News

The United States economy is powering ahead while the economies of Canada, the United Kingdom and Australia are slowing from softer consumer demand caused by higher interest rates, the head of Canada’s biggest bank said Tuesday.

More Canadians are beginning to crack under the pressure of increased mortgage payments, new data on consumer credit showed today.

The Canadian stock market has been woefully underperforming its U.S. counterpart, but the reason has more to do with sector concentration — Canada is filled with banks and resource-related stocks while the United States is replete with technology and health care — than any commentary about how Corporate Canada is really doing.

DLF, the country's largest real estate developer, is in discussions with Bharti Realty to acquire under-construction phases of Aerocity in Delhi with a total development potential of 17 million sq ft, according to three sources familiar with the matter. About 5 million sq ft of the total portfolio will be retail, and once completed, the project is expected to generate an annual rental income of ₹5,000 crore. The first phase of Aerocity was also developed by Bharti, but later Canada's Brookfield Asset Management acquired a 51% controlling stake in Rostrum Realty, a real estate joint venture company in which Sunil Mittal-led Bharti Enterprises holds the remaining 49%. «GMR has the lease for the entire area until 2066, and when the bid was invited for the first time, DLF participated, but it was awarded to Bharti. It has again initiated the process to acquire the asset to further strengthen its rental portfolio,» said one person familiar with the matter.

Bitcoin’s price hit a new high on Tuesday after a months-long rally, the latest step on a volatile journey for the world’s largest cryptocurrency.

The Montreal company that operates the Just for Laughs comedy festival has cancelled this year’s edition as it seeks to avoid bankruptcy.

MONTREAL (Reuters) — An Airbus contract offer being voted on this month by Montreal-area workers involved in the production of its smallest A220 jets is being dismissed by their union as «totally unacceptable,» according to a memo to members.

By Promit Mukherjee

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Home Office data from the UK reveals a dip in the number of study visas issued for main applicants by the country in 2023 compared to the previous year. In 2023, there were 4,57,673 study visas issued to main applicants, which represented a 5.5 per cent decrease compared with the previous year. Click & check your eligibility for immigration Find out The 2023 total was the second highest on record for a calendar year and was 70 per cent higher than the pre-pandemic year of 2019, the Home Office said.

Go Digit IPO: Market regulator Securities and Exchange Board of India (SEBI) has approved Go Digit's initial public offering (IPO), which is backed by cricketer Virat Kohli and his wife, Bollywood actress Anushka Sharma. Go Digit's IPO hit many hurdles over compliance issues resulting in a delayed approval for the public offer, on March 4. Go Digit General Insurance Ltd is also backed by Canada-based Fairfax Group.

Total crypto assets under management (AUM) soared by 27% to $65.66 billion in February, driven by rising Bitcoin prices and growing adoption of Spot Bitcoin ETFs in the US.

UK, Canada, and Australia are having a significant impact on prospective student demand for study in those countries, according to a report by ICEF Monitor. IDP's latest research, «The Voice of the International Student,» conducted in January 2024 across 67 countries with 2,500 student participants, shows that a lot of students are thinking twice about studying in the UK, Canada, and Australia. Meanwhile, the United States seems to be becoming more attractive among students. Are you immigration ready? Find out The prospective student demand for Canada, in particular, is dipping dramatically, while interest in the US increased significantly in 2023, according to a report by Studyportals.

measles continues its slow spread across communities in the country, health officials are urging Canadians to stay vigilant and keep their vaccinations up-to-date.Speaking at a media conference on Monday, Health Minister Mark Holland said he is “deeply concerned” with the global measles outbreak and its potential impact on Canada.“We’re seeing a lot of illness that was almost rendered non-existent, starting to come back because of vaccine hesitancy,” Holland told reporters. “We have to depoliticize health information.

Investing.com — The Canadian Dollar weakened against its U.S. counterpart today, as oil prices fell and rik sentiment remained uncertain ahead of key data this week.

The price of Bitcoin (BTC) now trades at an all-time high against the Canadian dollar roughly seventeen months after the nation’s leader slammed digital currencies as an “irresponsible” investment.

You have to wonder why Canadians are investing their money outside the country like never before.

Most economists agree that it’s just a matter of time before the Bank of Canada cuts interest rates. But, as the bank prepares to unveil its latest rate decision on Wednesday, at least one is warning that the potential for a hot spring housing market and a stimulative federal budget could push the timeline for those cuts back to the fall.

A handful of senior executives from across the Ontario Securities Commission have left or are on their way out on the heels of a five-year extension of the term of chief executive Grant Vingoe.

Canada treats its aviation industry as a cash cow, when it should be considered an essential service, says an airline expert.