Canada Financial News

The parent company of Burger King is buying out its biggest franchisee in the U.S. for about $1 billion

OTTAWA (Reuters) — Canada's annual inflation rate rose to 3.4% in December from 3.1% in November, data showed on Tuesday, a sign of stubborn inflation ahead of next week's interest rate decision.

Canada is considering imposing a cap on the number of international students due to a housing affordability crisis exacerbated by high demand from foreign students. Immigration Minister Marc Miller recently announced a slew of new requirements for foreign students wanting to come study in Canada including proof of more accessible funds. The previous $10,000 proof of accessible funds has been raised to $20,635, with adjustments based on Statistics Canada's living cost benchmark.

Canada’s housing market is nearing a “tipping point” and its recovery will start sooner than many expect, says a new report by one of Canada’s leading real estate companies.

Eagerly anticipated inflation numbers for December — described by one economist as “the main event” this week — will be released by Statistics Canada on Jan. 16. After a series of unprecedented rate increases that peaked in July at five per cent, the Bank of Canada indicated it has likely hiked rates enough to tame inflation with markets now expecting cuts as soon as the second quarter of this year, with the consumer price index data supplying a critical piece to the puzzle.

Despite increasing expectations that interest rates have peaked, many Canadian businesses experienced weaker growth in the fourth quarter and blamed factors including their customers’ financial situations and the impacts of higher rates and inflation, according to the Bank of Canada’s latest business outlook survey.

India Today. ALSO READ: Justin Trudeau sees ‘shift’ in Canada-India ties after Pannun murder allegations: ‘Attacks aren’t going to…' Apart from this, several photos pro-Khalistani graffiti reportedly painted across New Delhi threatening to 'avenge' the death of Khalistani terrorist Hardeep Singh Nijjar surfaced on social media. Earlier on June 2023, Nijjar was killed outside a Gurdwara in Canada's Surrey. According to details, Pannun has been actively exhorting gangsters and young people over social media to stand for Khalistan.

Extreme cold has swept across Canada, bringing heavy snowfall and strong winds and breaking temperature records in Alberta, British Columbia, Saskatchewan and the Northwest Territories.Those temperatures, the Red Cross warns, can bring frostbite and hypothermia — even death.“As Canadians, no matter where we are, whether it’s Winnipeg or up north or Victoria, we all experience some level of winter,” said Jason Small, Canadian Red Cross spokesperson.“And we need to be prepared for that.”The advice comes as Alberta has issued multiple alerts to the public over the last three days to immediately conserve electricity as its provincial power grid strains to keep up with demands amid the frigid temperatures.Parts of B.C. and southern Ontario are also facing deep freezes.Searches for terms like “extreme cold” have spiked on Google among Canadian users and are projected to keep climbing.

After the warmest December on record, an extreme cold wave is sweeping through Canada bringing heavy snowfall and strong winds that are forecast to continue this week.

The Alberta Electric System Operator issued a new grid alert for the province Monday morning amid an ongoing stretch of extremely cold temperatures, but dropped it shortly after.

Canadian home sales saw an “unexpected surge” in December as sellers and buyers came together to get deals done before the new year, according to the national real estate body.

A pair of surveys released from the Bank of Canada on Monday show many firms’ price plans are “slowly returning to normal” after a period of elevated inflation, thanks in part to a slowdown in consumer spending and easing in the labour market.

The Blacklist, the NBC series which has been running for a long time concluded its latest tenth season which was the final one. It is available already on Netflix in several regions. But the US has been comparatively not fast in picking up the latest season, however, now a release date has been brought out for the final episodes. Since the year 2013, it has been witnessed by viewers that an FBI informant who was formerly a criminal, captured dozens of criminals. It was announced that The Blacklist will be returning for its tenth season on NBC in February 2022. The filming started in September 2022 for season 10 starring Anya Banerjee as Siya Malik. The final season has 22 episodes marking the return of Harry Lennix, Diego Klattenhoff, James Spader, and Hisham Tawfiq. The final season has been driven back to the midseason with the last episodes starting their run on February 26th, 2023 on NBC, before concluding in mid-July, 2023.

Across the US, millions of Americans are grappling with the harsh grip of this arctic air, descending from Canada, ushering in frigid temperatures well below zero. The prevalent weather conditions pose significant dangers and potential life-threatening situations amid this intense winter weather.

Last week, digital asset investment products witnessed a significant surge in inflows, totaling an impressive $1.18 billion, albeit subject to a T+2 settlement.

Gaining enough artificial intelligence or AI knowledge to keep up with evolving demands in Canada’s tech industry doesn’t have to be difficult, industry experts say.

The fallout from the mid-air blowout of a panel on an Alaska Airlines flight last week adds to the already “checkered history” for Boeing’s MAX jets, experts say, and puts the company’s once-sterling commercial aircraft reputation further at risk.

Yemen in response to the Iran-backed rebel group’s attacks on ships in the Red Sea may be limited, a former U.S. diplomat says.Frank Lowenstein, who served as the U.S.

As Canada’s health-care system grapples with yet another season of respiratory illnesses, doctors are raising the alarm over its ability to stay afloat.

By Maria Caspani

CTV News reported. Marc Miller mentioned that he would be looking at the possibility of setting a cap on international students to help reduce the demand for housing in both the first and second quarters of this year.