Canada Financial News

BCE, with a workforce of around 44,610 individuals, is poised to reduce its employee count by nine per cent, amounting to approximately 4,800 positions. The majority of the lost jobs will take place within Bell Canada, with under 10 per cent coming from the Bell Media division.

Commercial real estate loan losses remain a manageable risk for Canada’s biggest banks even in the wake of last week’s turmoil at New York Community Bancorp, according to the head of the country’s bank regulator.

₹45.7 crore in Q3 FY24 against ₹41.2 crore in the year ago period. Its net consolidated revenue increased by 18.1% YoY to ₹160.8 crore in the quarter ending December against ₹136 crore in Q3 FY23. Its EBITDA increased to ₹65.3 crore during the quarter under review.

TORONTO — Manulife Financial Corp. says patients who require specialty drugs will be able to fill their prescriptions at any pharmacy after backlash sparked by the insurance provider signing an exclusive arrangement with Loblaw Cos. Ltd.

The Bank of Canada’s top officials cited a “mixed picture” on the direction for underlying inflation and the Canadian economy in deciding to hold its benchmark interest rate late last month, newly released deliberations show.

According to the OECD, Canada was the third largest recipient of foreign direct investment (FDI) inflows in the first three quarters of 2023 (at US$42 billion), behind only the United States and Brazil. Does that mean Canada is doing well attracting capital, as the federal government has argued? Not really. Not if you consider outflows, too.

Canadians that have turned to grocery store flyers and coupon-cutting may need to look for even more savings.

The troubles in the United States commercial property market, which have already hit banks in New York and Japan, moved to Europe this week, elevating fears about broader contagion.

TORONTO — New York City pension funds are pushing Royal Bank of Canada to disclose details on its clean energy funding.

Shares of Pinterest (NYSE:PINS) fell roughly 16% following the closing bell on Thursday after the social media company missed Q4 revenue expectations and issued soft guidance for the March quarter.

Millennials feel they need to save more than any other Canadian to retire, a new survey indicates.

While Canadian companies have made some progress in making the workplace more diverse and inclusive, eight in 10 Black Canadians say they still face some form of discrimination at work, a new report by KPMG has found.

You’ve arrived at the store for a quick post-work grocery run, hoping to pick up a cheap, ready-made meal for dinner.

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.

Manulife Financial Corp. says patients who require specialty drugs will be able to fill their prescriptions at any pharmacy after backlash sparked by the insurance provider signing an exclusive arrangement with Loblaw Cos. Ltd.

A Liberal plan to crackdown on predatory lending could instead lead to a rise in crime and put vulnerable Canadians further at risk, a new warning from police and lenders argues.

The Bank of Canada is expecting the housing market will “rebound” this year amid expectations for interest rate cuts sometime in 2024.

NEW DELHI—Butter chicken is among India’s most famous culinary exports. The fragrant, creamy curry has been adapted into pizzas in the U.S., a poutine topping in Canada and a pie filling in Australia. There is a “World Butter Chicken Day." Now butter chicken is at the center of a saucy real-life drama roiling India.

foreign interference program.The Immigration and Refugee Board ruled that Jing Zhang had worked for the Overseas Chinese Affairs Office (OCAO), which it said conducts espionage in Canada.While immigration officials did not argue that Zhang committed espionage, the Refugee Board found that as an 11-year OCAO employee, she had contributed to its efforts to pressure the Chinese diaspora.According to the 32-page decision, the Peoples Republic of China (PRC) uses the OCAO to silence dissent overseas.The organization “was and remains involved in espionage against the PRC‘s targeted individuals and groups in Canada,” the IRB added.“The OCAO conducting espionage, surveillance or covert monitoring of Chinese and ethnic Chinese dissidents or minorities in Canada is against Canada, and contrary to its security interests.”The decision to deport Zhang for security reasons was handed down on Aug.

LONDON (Reuters) — IKEA is investing in price cuts on some products across a range of countries, including Belgium, Canada and India, as the furniture retailer aims to unwind increases it introduced in 2022.

Federal Reserve policymakers may finally be right on the verge of cutting interest rates. Going into this week’s two-day policy meeting, which wraps Wednesday afternoon in Washington, investors are assigning roughly even odds to the prospect that the US central bank will start lowering borrowing costs at its next decision in March. That makes Fed Chair Jerome Powell’s press conference, and any signal he may or may not choose to send, of critical importance.