Canada Financial News

Historically high household debt and the rising cost of living are weighing on Canadians, with a recent poll showing that the use of Tax-Free Savings Accounts has declined.

All too often, separated couples go to great lengths to minimize or hide assets that would otherwise be divided in a divorce. When those efforts are deemed to be in “bad faith,” the cost orders imposed by courts can make the financial pain much worse.

MONTREAL — Immigration Minister Marc Miller is announcing a two-year cap on international student admissions.

The Ontario Securities Commission‘s director of enforcement will be leaving the capital markets watchdog at the end of February after seven years in the job, according to sources who were briefed on his departure.

Canada has finally announced its much-anticipated plans to restrict international students moving into the country. Immigration, Refugees and Citizenship Canada (IRCC) has unveiled a temporary cap on the issuance of study visas for international students. According to the information released by IRCC, the cap for the year 2024 is anticipated to lead to approximately 360,000 approved study permits, marking a 35% decrease from the figures recorded in 2023. Think you check all the immigration boxes? Find out “International students are vital to Canada and enrich our communities. As such, we have an obligation to ensure that they have access to the resources they need for an enriching academic experience. In Canada, today, this isn’t always the case. Today, we are announcing additional measures to protect a system that has become so lucrative that it has opened a path for its abuse. Enough is enough. Through the decisive measures announced today, we are striking the right balance for Canada and ensuring the integrity of our immigration system while setting students up for the success they hope for,” Marc Miller, Minister of Immigration, Refugees and Citizenship, said. IRCC is set to implement caps for each province and territory, with these limits being proportionate to the respective populations. This strategic move aims to address the substantial growth of the international student population in provinces where the surge has been deemed unsustainable. These caps will not affect existing study permit holders or those seeking permit renewals. Masters and doctoral degree pursuits are also exempt from these limitations.

free trade agreement between India and the four-nation EFTA bloc are at an advanced stage as both sides have reached a shared understanding on key issues, a senior official has said. The European Free Trade Association (EFTA) members are Iceland, Liechtenstein, Norway, and Switzerland. India and the EFTA have been negotiating the pact, officially dubbed as Trade and Economic Partnership Agreement (TEPA), since January 2008 to boost economic ties.

Marc Miller announced on Monday.Miller announced a slew of other curbs while speaking at the Liberal cabinet retreat, which he said would reduce the intake by 35 per cent over the next two years.The cap, he said, would be distributed provincially per capita, according to population.“In order to maintain a sustainable level of temporary residence in Canada, as well to ensure that there is no further growth in the number of international students in Canada for 2024, we are setting a national application intake cap for a period of two years for 2024. The cap is expected to result in approximately 364,000 approved study permits, a decrease of 35 per cent from 2023,” he said.He added that the cap will look different for each province.“In the spirit of fairness, we are also allocating the cap space by province based on population,” Miller added, saying that “some provinces will see much more significant reductions.”Miller said he has already had “productive discussions” with the governments of Ontario and British Columbia.Miller said the cap will not apply to students at graduate levels of studies, including master’s and doctoral students.

Air Canada flight from London, England, to Toronto allegedly tried to open the aircraft doors midflight on Sunday, according to the airline and police.In a statement, Air Canada said there was an incident involving a “disruptive passenger” on the Toronto-bound flight from London’s Heathrow airport.Air Canada said their crews were able to manage the situation with the passenger, which allowed for the flight to continue normally to Toronto Pearson Airport.The flight landed in Toronto just after 3 p.m.

An Ontario woman is packing her belongings and preparing to open a more medieval chapter in her life as the owner of a castle in a small Nova Scotia community.

A team of seven advisors who managed around $650 million in client assets at LPL Financial has made a move to Stifel Independent Advisors.

More internationally-educated health workers are being introduced across Alberta to help fill the gaps in the current health care system.

Small businesses are happier with the financial services they receive from credit unions than with those provided by the country’s five largest banks, a survey by the Canadian Federation of Independent Business has found.

On a cool Thursday afternoon in Ottawa, veteran police officer Sgt. Avery Flanagan approaches a man hunched over in a downtown parking lot. He has crushed opioids in one hand and a needle in the other.

Toronto-Dominion Bank took the top spot as Canada’s most valuable brand in 2024, according to an annual report by consultant Brand Finance PLC.

Canadian companies have lost a step when it comes to innovation, experts say, pointing toward Ottawa having work to do to turn around stagnating business investment and an over-reliance on temporary workers.

Memphis residents were urged to boil water and New Yorkers have been warned that roads could be covered with dangerous black ice this weekend as brutal cold and inclement weather continue to sweep across parts of the U.S.Bitterly frigid air spilled into the Midwest from Canada on Friday and several states were under advisories as forecasters warned that wind chills dipping to minus 30 degrees Fahrenheit (minus 34 degrees Celsius) could be common through Sunday morning.

, Apple unveiled two additional configurations: a version with 512 gigabytes of storage for $3,699 and a top-end model with a capacious 1 terabyte of space for $3,899. The base model comes with 256 gigabytes of storage. Complementing the headset, Apple will offer a carrying case for $199, additional batteries for $199, and extra bands priced at $99 each.

TORONTO — The head of Canada’s banking regulator says he’s ramping up scrutiny of money laundering in the financial sector as risks increase.

As the risk of sizable losses on commercial real estate loans grows, Canadian banks’ earnings are poised to take a hit, according to the head of Canada’s financial-system regulator.

Also Read: HUL share price drops over 2% after muted Q3 results; should you buy, sell or hold the stock? “We are of the opinion that the company is well-positioned to benefit from the robust capital expenditure cycle in the industries it operates, including petrochemicals, oil and gas, and green hydrogen initiatives. Also, the company is well positioned to take advantage of the export markets as well as diversification of its products," said Anand Rathi. The brokerage firm initiated a ‘Buy’ rating on the stock with a target price of ₹3,568 per share for a time horizon of 12 months.

Canada’s holiday sales period got underway in November with a 0.2 per cent decline in retail sales led by falling purchases at food and beverage retailers.