Canada Financial News

By Olena Harmash and Angelo Amante

By David Shepardson

US Navy, David Isom said on Friday that India will play a very key role in relation with the US and all of its other partners and allies. David Isom further noted that India has a really important role in helping protect those international commons. Speaking to ANI on India-US defence ties, he said, “The relationship continues to grow.

US Navy, David Isom, emphasised that India will play a very important role going forward in partnership with the US and all of its other partners and allies. David Isom said on Friday that India has a really important role in helping protect those international commons. Speaking to on India-US defence ties, he said, «The relationship continues to grow. I think India has a really important role in helping protect those international commons, the free and open Indo-Pacific, the freedom of commerce and the ability for all nations to have access to those open sea lanes.»

Nvidia, the chipmaker underpinning a much-hyped artificial intelligence revolution, saw its market capitalization briefly pass US$2 trillion for the first time on Friday amid a record-breaking week for Wall Street.

President Joe Biden said the measures aim to ensure Russian President Vladimir Putin "pays an even steeper price for his aggression abroad and repression at home." The sanctions targeted Russia's Mir payment system, financial institutions and its military industrial base, sanctions evasion, future energy production and other areas. They also hit prison officials the U.S. says are linked to Navalny's death.

Nord Anglia’s owners have selected banks to advise them on a potential exit from their investment in the international school operator, people with knowledge of the matter said.

Timberlake will perform at London's O2 on August 11. Fans can buy tickets from 10 am (local time) on Friday, March 1.

A little-watched corner of Canada’s credit market is being shaken up by the country’s largest lenders as they pile into securities that shift credit risks to other investors — a play likely to be copied by their counterparts on Wall Street.

Cooler-than-expected inflation numbers have left one strategist even more skeptical of the Bank of Canada‘s conservative forecast for when the consumer price index will return to target, suggesting the door to interest rate cuts could open much sooner than the central bank has predicted.

By Nivedita Balu and Arasu Kannagi Basil

(Reuters) -Travel company Viking Holdings said on Friday it has confidentially filed paperwork for an initial public offering in the United States, the latest to take advantage of recovering investor appetite for new stocks.

Galen Weston may not be the president of grocery giant Loblaw anymore, but you wouldn’t know that based on how often his name and face appear in connection with the company: in memes, on social media, and now emblazoned across the top of a new Reddit forum dedicated to high food prices in Canada.

Balance, a digital asset custodian based in Canada, has revealed that it has once again achieved $2 billion in assets under custody (AUC) amid the recent recovery in crypto markets. 

Israel-Hamas conflict could attack crowds at events in Canada.In a series of strategic intelligence briefs issued in the wake of the Oct. 7 Hamas attack on Israel, the analysts cautioned about mass violence spilling into this country.The Integrated Terrorist Assessment Centre (ITAC) predicted attacks could target protests, cultural centres, diplomatic posts “or other symbols of Israeli or Palestinian interests in Canada.”Such an attack would likely be carried out by a “radicalized lone actor” using readily available weapons, ITAC wrote in the briefs circulated last October and released to Global News.“It is possible that ideologically and religiously motivated violent extremists and lone actors may be triggered by events and mobilize to violence and conduct a mass casualty attack at large gatherings,” ITAC wrote in a brief on the Canadian implications of the conflict.ITAC is a federal government team, composed of members of the security and intelligence community, that assesses threats to Canada.In December 2023, police in Ottawa arrested a youth who has been charged with plotting a terrorist attack against the Jewish community.Additional charges filed on Feb.

The latest fashion in tax grabs is the vacant property tax (VPT). In Vancouver it’s called the “empty home tax.” In Toronto it’s the “vacant home tax.” Whatever the name, taxing residential property that isn’t used for a government-prescribed minimum number of days in a year is pernicious.

Succession planning is emerging as a key theme for Canada’s biggest lenders this year, particularly at Toronto-Dominion Bank, according to a new report from Jefferies Financial Group Inc. analysts.

Loblaw Cos. Ltd. set an all-time high for the second time this week as Canada’s biggest grocer rallied on a fourth-quarter earnings beat and expansion plans.

Karnataka is planning to establish a dedicated ministry for the well-being of Kannadigas living abroad. Karnataka Home Minister G Parameshwara on Wednesday reiterated the state government's commitment to establishing a ministry for the well-being of Non-Resident Indian (NRI) Kannadigas. This announcement aligns with the promises made in the Congress's 2023 assembly polls manifesto. NRIs hailed from Canada, the United Kingdom, the United States of America, Australia, Singapore, and Western Asian countries were invited by Speaker U T Khader to witness the assembly proceedings.

With Canada’s housing market “starting to turn a corner,” there is growing demand for homeownership with a “colossally high” number of people planning to buy a home within the next year, according to a new poll.

Remaining compliant with the regulations on financial crime are increasingly costly for financial institutions in the US and Canada, according to a new report.