Canada Financial News

The month of January, and, consequently, the new tax year, creates a fresh planning opportunity for post-secondary students to stay one step ahead of the taxman in 2024. This is particularly true when it comes to managing registered education savings plan (RESP) withdrawals to minimize taxes.

₹8-11 lakh, whereas a master’s programme costs ₹15 lakh," said Ankur Dhawan, the president of upGrad’s international arm, upGrad Abroad. “Canada has also upped the guaranteed investment certificate (GIC) from CAD $10,000 ( ₹6 lakh) to CAD $20,635 ( ₹12 lakh). Students will have to look at more options in Europe now." A GIC acts as a proof that the student has the means to live and pay for expenses in Canada.

Canada has recently announced a two-year cap on new international student visas amid an escalating housing crisis, a move likely to impact Indian students. Nearly 40 percent of the total number of international students in Canada are from India. Among all the foreign destinations, Canada ranks at number one for Indian students studying overseas. 

India's external affairs ministry on Thursday called Pakistan foreign ministry's assassination remark false and malicious in an official press release. In response to media queries regarding remarks made by Pakistan Foreign Ministry, the official Spokesperson, Randhir Jaiswal said, «We have seen media reports regarding certain remarks by Pakistan Foreign Secretary.

This could be another setback to India-Canada ties which deteriorated after Canadian Prime Minister Justin Trudeau accused India for the murder of Khalistani terrorist and a Canadian citizen Hardeep Nijjar in Vancouver last year, Many see targeting India as a meddler in elections as a ploy by the Trudeau government to deflect attention from the rampant Chinese interference which has been in favour of Trudeau's Liberal Party. China is known to infiltrate parliaments in many developed countries.

The small New Brunswick town of Beresford is now home to overnight multi-millionaires, as a couple from the area became the recipients of the largest-known Chase the Ace prize in Canadian history after winning $8.2 million on Tuesday night.

Six people were killed and only one person survived after a plane crashed Tuesday near Fort Smith, Northwest Territories, according to the chief coroner for the territory.

Canadian cybersecurity researchers are voicing concern and urging people to be vigilant after reports that a staggering 26 billion records have been exposed in a “supermassive leak.”

Canadian authorities say the death toll from a small plane crash in Canada's Northwest Territories is six

Asian stocks traded cautiously and bonds fell on Thursday while investors waited on more detail of China's stimulus plans and for a European Central Bank meeting later in the session.

Canada's federal commission of inquiry into foreign interference is looking to examine alleged meddling by India in the country's last two general elections, Canada-based CTV News reported. The commission, in a statement on Wednesday, said it has asked the federal government to produce documentation related to these allegations. The commission's terms of reference, published last year, direct it to assess possible interference by China, Russia, and other foreign states or non-state actors in the 2019 and 2021 federal elections, the CTV News reported. The statement signals the commission's intention to probe any role India might have played in influencing the two ballots, as per CTV News. The commission's initial hearings, to begin Monday, will look at the challenges and limitations of disclosing classified national security information and intelligence to the public. According to CTV News, an interim report from the commission is due on May 3, with a final report expected by the end of the year.

Canada may not be in a recession right now, but it is likely to enter one very soon and that will prompt the Bank of Canada to cut interest rates, economists at Desjardins Group say.

The Bank of Canada held its benchmark interest rate at five per cent for the fourth consecutive time on Jan. 24. Here’s what economists, who widely expected the bank to hold, had to say about the announcement and when Canadians can expect a rate cut from the central bank.

Rio Tinto Group said a number of its staff heading to the company’s Diavik diamond mine died in a fatal plane crash near Fort Smith, N.W.T.

Inflation is the great evil of an economy, according to the Bank of Canada. It is so important to get our inflation rate to two per cent that it will use the tool of raising interest rates significantly to get there. Yes, it may cost hundreds of thousands of people their jobs, but it will be worth it. Yes, it may cost Canadians billions of extra dollars on their mortgages, but it will be worth it. Inflation is just that insidious, so it must be tamed even if it comes at tremendous costs to large swaths of the population.

The Bank of Canada held its key overnight interest rate at five per cent for the fourth consecutive time, as inflation remains higher than desired and economic growth has not slowed enough to warrant a cut.

Detroit automaker, Ford (NYSE:F) announced Wednesday that the company is recalling 2.24 million Ford Explorer SUVs worldwide made between 2011-2019 due to potential issues with trim retention clips not being properly engaged.

19 funds gained FE fundinfo's 5-Crown rating, bringing the total number of 5-Crown rated funds to 261.

The Bank of Canada held its benchmark interest rate steady at 5.0 per cent on Wednesday and hinted that its tightening cycle might have peaked.

Check out what's clicking on FoxBusiness.com

The Canadian Government’s decision to freeze digital assets and crypto donations toward protesting truckers in 2022 was deemed unconstitutional by the Canadian Federal Court.