Canada Financial News

It’s no secret that Canada is facing a major housing shortage. But could the sheer amount of space used for parking vehicles be part of the problem?

Valentine’s Day is one of those holidays that haters love to hate

Prem Watsa's Fairfax Financial Holdings has faced a short seller attack from US hedge fund Muddy Waters, which alleged wrongdoing on the part of the Toronto Stock Exchange-listed company and sent its shares tumbling by 12% on Thursday. The stock pared some of the losses on Friday after a research note from the National Bank of Canada downplayed the allegations. Muddy Waters alleged that Fairfax Financial Holdings inflated the fair value of its assets which resulted in notional profits that boosted the company's book value.

daylight saving time for 2024.Daylight saving time will begin this year on Sunday, March 10 at 2 a.m. local time. While we might lose an hour of sleep by “springing forward,” it also marks the day when we’ll begin to notice those longer daylight hours.Canadians in most time zones should set their manual devices ahead an hour on Saturday, Mar.

Canada’s newest centenarian has two tips for longevity.

United States could pose significant ecological consequences, scientists at Stanford University have warned, DailyMail reported. As many as 70 different types of earthworms native to Asia, Europe and South America have been identified as potential threats, it said. The identified earthworms consist of 23 percent of the 308 species in North America and consume more aboveground leaf litter than their native counterparts.

Prime Minister Justin Trudeau says that Bell’s most recent round of layoffs is a “garbage decision” in response to a question about the company laying off nine per cent of its staff on Thursday.

If you’re one of the millions of Canadians who worked from home during 2023, either full time or on a hybrid-work arrangement, you’ll need to take some extra time this tax filing season if you want to claim a deduction for your home-office expenses. That’s because the “simplified method” of claiming home-office expenses is no longer available for the 2023 tax year.

Lesson one when regulating Canada’s financial system is ensuring the cure isn’t worse than the disease.

The UK’s former Chancellor of the Exchequer, Lord Philip Hammond, has denied allegations that he may have been illegally lobbying for crypto company Copper.

Enbridge energy company is trying to persuade a federal appeals court to allow a pipeline to continue operating on a Wisconsin tribal reservation

Canada’s largest communications company is ending multiple television newscasts and making other programming cuts after its parent company announced 4,800 layoffs and the sale of 45 of its 103 regional radio stations

Some pharmacare policy experts are raising concerns about competition and patient access to much-needed medication after Manulife Financial Corp. announced its coverage of certain prescription drugs will only apply at Loblaw Cos. Ltd. pharmacies.

Mint. Jungle's investment in Walko Food is estimated to be more than $7 million, one of the people said. However, Mint was not able to procure the size of the investment in TAE.

It seems central bankers can’t keep the United States economy down — despite a 23-year high in the world’s most important interest rate, the U.S. Fed funds rate.

jobs in January as the unemployment rate fell for the first time since December 2022.The gains, which were above some analyst expectations, were mostly driven by part-time work, and were well above the 10,000 jobs RBC predicted Canadian employers would add.The bank had also predicted the unemployment rate would rise to 5.9 per cent, up from 5.8 per cent in December. Instead, unemployment came in at 5.7 per cent, down one percentage point from the previous month.Statistics Canada, which released the data Friday, said there were employment gains spread across several industries in the services-producing sector.They were led by wholesale and retail trade (up 1.1 per cent) as well as finance, insurance, real estate, rental and leasing (up 2.1 per cent).

TORONTO — It’s important to develop a backstop for the insurance industry against major catastrophes like an earthquake, said the head of Canada’s financial institutions regulator Tuesday.

Safe as houses, they say — just not so much lately.

A pair of Canadian pension funds struck a deal to sell two downtown Vancouver office buildings with tenants including Amazon.com Inc. for about $300 million.

A prominent Canadian philanthropist launches into a story about his days as an undergraduate at university way back when. He switched majors early on and, in advance of his final year, experienced a moment of acute realization that he was not having nearly enough fun. To beef up the good times, he registered for what he described as a slate of “Joe” courses, otherwise known as bird courses.

Canada’s insurance industry is ahead of the pack when it comes to recognizing the risks from climate change but is still vulnerable to a massive disaster on the scale of the one that struck Japan in 2011, this country’s top financial watchdog said Tuesday.