Canada Financial News

Houthi military positions in Yemen Thursday night in a massive “direct response” to escalating attacks on vessels in the Red Sea, U.S. President Joe Biden confirmed.The move marks a dramatic escalation of a simmering regional conflict in the Middle East sparked by Hamas’ deadly attack on Israel last October and Israel’s responsive offensive on Gaza.Canada joined Australia, Bahrain and the Netherlands in providing support for the strikes, but the extent of that support was not immediately clear.“These targeted strikes are a clear message that the United States and our partners will not tolerate attacks on our personnel or allow hostile actors to imperil freedom of navigation in one of the world’s most critical commercial routes,” Biden said in a statement provided by the White House.“I will not hesitate to direct further measures to protect our people and the free flow of international commerce as necessary.”The strikes targeted Houthi-connected facilities storing the rebel group’s combat drones and ballistic and anti-ship missiles, as well as air defence systems and logistical hubs in Yemen, U.S.

Yemen over recent attacks on Red Sea shipping were «necessary and proportionate», UK Prime Minister Rishi Sunak said. «Despite the repeated warnings from the international community, the Houthis have continued to carry out attacks in the Red Sea,» Sunak said in a statement. «We have therefore taken limited, necessary and proportionate action in self-defence, alongside the United States… to degrade Houthi military capabilities and protect global shipping,» he said. Sunak's statement followed comments by US President Joe Biden about the strikes carried out against the Houthis, who control wide areas of Yemen. Biden described the joint strikes as «defensive» and warned of further measures if the Iran-backed rebels kept attacking Red Sea shipping. He said Australia, Bahrain, Canada and the Netherlands had also provided non-operational support. The Houthis have stepped up attacks in recent weeks on shipping in the Red Sea, a vital waterway through which 12 percent of world trade flows. Houthi television channel Al-Massirah said the air strikes hit the capital Sanaa as well as the cities of Hodeida and Saada. US and British forces this week shot down 18 drones and three missiles fired by Houthi rebels in the Red Sea in what Washington called a «complex Iranian-designed» attack. UK Defence Secretary Grant Shapps said on social media platform X that four Royal Air Force Typhoon fighter jets had taken part in Friday's strikes against Houthi targets alongside US forces. Sunak described the Houthis' actions as «irresponsible» and «destabilising» and said their attacks were «driving up commodity prices». «This cannot stand.

By Sudarshan Varadhan

Houthi movement in Yemen, four U.S. officials told Reuters on Thursday, the first strikes against the Iran-backed group since it started targeting international shipping in the Red Sea late last year. A Houthi official confirmed «raids» across the country, including in the capital Sanaa along with the cities of Saada and Dhamar as well as in Hodeidah governate, calling them «American-Zionist-British aggression.»

The U.S. Securities and Exchange Commission (SEC) approval of 11 exchange-traded funds (ETFs) that hold Bitcoin on Wednesday is being called an “unprecedented” decision by analysts — one that they say will expand how many people can gain exposure to the cryptocurrency.

A man who allegedly waved the flag of a terrorist group while marching in downtown Toronto has been arrested and charged.

Apple TV and Major League Soccer are expanding their collaboration, announcing Thursday that the looming MLS season will be chronicled in a new all-access docuseries similar to the ones that have given fans a deep, different look at golf, auto racing a...

international students. As we anticipate the trends shaping the landscape in 2024, it is increasingly clear that India's impact on the international student demographic is particularly profound in Australia, Canada, the UK, and the United States. Australia, for instance, has identified India as its second-largest market for international students, with China still holding the dominant position.

Cameron Mackay on Thursday said notwithstanding the recent tensions, the strategic interests of India and Canada are «absolutely aligned», and he was encouraged by the continuance of bilateral trade and investment relationship. Speaking at a seminar on 'India-Canada Business: The Way Forward' at the Vibrant Gujarat Global Summit here, he said this annual gathering of investors was a «great platform to reassert our business to business and people to people ties.» The relations between the two countries saw some bitterness last year following Canadian Prime Minister Justin Trudeau's allegation about India's suspected involvement in the killing of Khalistani separatist and designated terrorist Hardeep Singh Nijjar in his country.

The New York Post. Before the flight took off for Dubai, the passenger “boarded the Boeing 747 normally" but he did not take his seat. He jumped off and fell 20 feet to the tarmac.

Nikhil Gupta, a 52-year-old Indian citizen entangled in an alleged plot to eliminate Sikh separatist Gurpatwant Singh Pannun. A federal judge in New York has recently taken a significant stride to ensure transparency in the evolving legal proceedings. The legal proceedings kicked off on January 4, 2024, when Gupta's legal team submitted a motion, urging the court to compel the release of discovery materials. Responding promptly, US District Judge Victor Marrero, through a directive issued on January 8, instructed the government to provide a response to the motion within a concise three-day timeframe.

Health Minister Mark Holland reiterated on Wednesday that there is “no way” Florida, or any other foreign jurisdiction, will be allowed to threaten Canada’s drug supply.

McDonald's is reportedly introducing the Double Big Mac at participating restaurants across the US for a limited time starting January 24. This sandwich boasts an increased quantity of all-beef patties, totaling four, complemented by an extra serving of Big Mac sauce, along with pickles, lettuce, and chopped onions – although the cheese remains the same, with one slice positioned beneath the lower pair of patties, as per a USA Today report. Details regarding pricing and specific markets receiving the sandwich were not promptly addressed by McDonald's in response to inquiries.

By Ketki Saxena

Through more than eight years since Justin Trudeau named his first Liberal cabinet on Nov. 4, 2015, Canada’s economic and social trajectory has been steadily downward, a trend that was entirely predictable.  I can say this … because I predicted it.

If anything has characterized 2023, it has been the strength of the technology sector in general and artificial intelligence in particular.

Read all our coverage of the war between Israel and Hamas Protesters and commentators in the West use the term too. “It is now clear that Israel is engaging in a genocide of the Palestinian people," argued M. Muhannad Ayyash, a professor of sociology at Mount Royal University in Calgary, Canada.

The Canada Energy Regulator will hear arguments Friday from the company building the Trans Mountain pipeline expansion on its request for a pipeline variance.

B.C. residents will soon become the first in Canada to have access to an at-home, self-screening test for cervical cancer.About 200 people are diagnosed with cervical cancer a year in the province, Premier David Eby said Tuesday morning.He said doctors in B.C.

Royal Bank of Canada chief executive Dave McKay says he is eager for his bank’s takeover of HSBC’s Canadian operations to close so they can begin an integration that he expects will lead to significant cost savings.

With about 14 per cent of Canadian mortgage holders set to renew their loans this year, the chief executives of the country’s big banks say they’re confident the resulting interest-rate hikes won’t crush customers or lead to a wave of defaults.