Canada Financial News

By Promit Mukherjee

Justin Trudeau, whose ratings among Canadian voters are plunging rapidly. “I have concluded that the decision to issue the proclamation does not bear the hallmarks of reasonableness — justification, transparency, and intelligibility — and was not justified about the relevant factual and legal constraints that were required to be taken into consideration," Judge Richard G Mosley said while delivering the judgment on Saturday. Justin Trudeau imposed Emergency in Canada after a group called "Freedom Convoy" led massive protests in the country against vaccinations for the Covid-19 virus.

In the In the realm of cryptocurrency, the latest Bitcoin price prediction becomes increasingly complex as the asset dips to $39,650, influenced by a blend of regulatory news and investment product dynamics. On Wednesday, Bitcoin registered a notable decline, trading at $39,653, marking a 1.03 percent decrease.

The European Commission has announced an in-depth investigation of German airline Lufthansa’s planned takeover of Italian carrier ITA Airways citing competitive concerns

Canada’s government is preparing for the possibility that Donald Trump could reach the White House again

A Canadian judge has ruled that the government’s use of the Emergencies Act to quell weeks of protests by truckers and others angry over COVID-19 restrictions in 2022 was unreasonable and unconstitutional

Transportation Safety Board of Canada (TSB) said on Tuesday. According to media reports, the accident killed some people who were on board. A coroner's service in Canada's Northwest Territories said there are fatalities from Tuesday's plane crash near the community of Fort Smith.

Rio Tinto confirmed Tuesday night.“We have been informed by authorities that a plane on its way to our Diavik mine, carrying a number of our people, crashed near Fort Smith, Northwest Territories, Canada, resulting in fatalities,” the company said.The Northwest Territories Coroner’s Service said there were fatalities from the plane crash near the community of Fort Smith, N.W.T. It did not say how many have died or give further details, saying it must first notify next of kin.The international mining company released a statement of condolences, but did not say how many people were killed or if all were employees.“I would like to extend our deepest sympathy to the families, friends, and loved ones of those who have been affected by this tragedy.

Houthi militant attacks that followed the commencement of the Israel-Hamas conflict have not been stopped despite numerous rounds of retaliatory strikes by the US and its allies as well as a multinational naval operation to patrol the waters. Here are top 10 updates on Houthis-Red Sea attack 1) The United States has carried out airstrikes in Iraq targeting facilities used by "Iranian-backed militias" in the country following repeated attacks on US forces, Defence Secretary Lloyd Austin said in a statement on Tuesday (local time).

The Federal Court has ruled the Trudeau government’s decision to invoke the Emergencies Act during the so-called “Freedom Convoy” that descended on Ottawa in 2022 violated the Charter of Rights and Freedoms.

WWE’s weekly television show, “Raw,” will be moving to Netflix next year as part of a major streaming deal worth more than $5 billion

Science and Technology Minister Jitendra Singh made the announcement here in the presence of NITI Aayog member V K Saraswat, Principal Scientific Advisor A K Sood and Department of Science and Technology (DST) Secretary Abhay Karandikar. The VAIBHAV or Vaishvik Bhartiya Vaigyanik fellows are from the topmost institutes of Australia, Canada, Finland, Japan, Singapore, Sweden, Switzerland, the UK and the US, and will work with Indian institutes such as IISc, IUCAA and the IITs for the next three years on jointly identified projects.

As the Bank of Canada prepares to make its first interest rate decision of the year on Wednesday, economists say headwinds in the “last mile” of the inflation fight will serve as a final hurdle before rate cuts can begin.

Canada’s economy hit a technical recession at the end of 2023 and will continue to struggle to grow in the new year, according to forecasts from the Canadian Federation of Independent Business.

(Corrects company name to 'Endeavor' from 'Endeavour' in paragraph 12)

(Reuters) — PACCAR Inc (NASDAQ:PCAR) beat estimates for fourth-quarter profit and revenue estimates on Tuesday, on sustained demand for its fuel-efficient truck models.

They added that Brookfield’s acquisition of ATC’s 78,000-odd towers in India would also boost Reliance Jio’s 5G rollout and expansion, especially since the Mukesh Ambani-led telco is already the anchor tenant of the Canadian tower company in India. “The ATC India buyout will give Brookfield a larger tower footprint and more ammo to compete with Indus, and likely result in both tower companies offering a combination of new products such as in-building solutions (IBS) as well as attractive rental deals/discounts while negotiating long-term tower contract renewals with large telco clients in future,” Rohan Dhamija, head (India & Middle East) at management consulting firm, Analysys Mason, told ET. He, though, added that Brookfield’s acquisition of ATC India would pave the way for two dominant towercos in a 3-player telco market, which is the ideal competitive structure, in that, it will ensure an overall balance with regard to pricing power between the telcos and towercos. Earlier this month, Brookfield trumped infrastructure investment group I Squared Capital to buy 100% ownership in ATC India in a $2.5-billion (about Rs 21,000 crore) all-cash deal likely to close in the second half of 2024. The deal had marked Boston-ATC’s exit from India, unleashing fresh consolidation in the country’s tower sector, now reduced to two large players — Brookfield and Indus.

British forces carried out a fresh round of strikes on Monday in Yemen, targeting a Houthi underground storage site as well as missile and surveillance capabilities used by the Iran-aligned group against Red Sea shipping, the Pentagon said. The Houthis, who control the most populous parts of Yemen, have said their attacks are in solidarity with Palestinians as Israel strikes Gaza. The Houthi attacks have disrupted global shipping and stoked fears of global inflation. They have also deepened concern that fallout from the Israel-Hamas war could destabilize the Middle East. In the latest response, U.S.

housing crisis. The two-year cap is expected to result in approximately 360,000 approved study permits in 2024, a decrease of 35% from last year, the immigration ministry said in an official statement. Immigration Minister Marc Miller said the federal government would work with the provinces, which oversee the educational system, to apply the cap, according to a report published by Reuters. He said the main reason for the cap is to protect students who attend colleges, which are often private-public partnerships that provide inadequate services at high costs, but also to ease pressure on housing and services.

The wealth gap is widening amid higher interest rates, Statistics Canada said Monday, as lower-income households face the steepest challenges from the rising cost of living.

TORONTO — Global startup accelerator Plug and Play is entering Canada’s fintech market with Visa Canada as a founding sponsor.