Canada Financial News

Many parts of Canada are set to get their first significant taste of winter snow this year with what’s expected to be a major storm ready to play out.

The year just beginning could be a watershed, with turning points in politics, economics and culture, provided common sense and moral clarity prevail both here and abroad.

The food service industry could be decimated by a wave of closures if the federal government does not extend the Jan. 18 deadline for the repayment of loans under the Canada Emergency Business Account program, two industry groups are warning.

Averaged across last year, temperatures worldwide were 1.48C, higher than they were in the second half of the 19th century, the European Union climate monitor announced Tuesday. That is warmer by a sizable margin than 2016, the previous hottest year. To climate scientists, it comes as no surprise that unabated emissions of greenhouse gases caused global warming to reach new highs.

Trish Stratus, one of the wrestling legends, contemplating retirement. Could the WWE Royal Rumble 2024 be the stage for Stratus to bid farewell to the squared circle? Trish Stratus's Brief Return and Unfinished Business

Interviewing solutions provider InCruiter has raised Rs 1.1 crore (about $132,351) in revenue-based funding from GetVantage. Founded in 2018, InCruiter provides services to 300 firms from a total of six offerings including interview-as-a-service, interview subscription, interviewing scheduling software, exit process automation software and candidate sourcing services.

By Rod Nickel

Canadian personal tax rates may be too high, don’t compare favourably with those in the United States and are driving many of our successful people out of the country, but to be fair, there are many considerations other than high taxes that go into a decision to leave and become a non-resident for income-tax purposes.

A small hedge fund betting on a Canadian housing market crisis had a double-digit loss last year as property prices held up and bank shares rebounded on optimism about a soft landing for the economy.

Interest rates, capital buffers and expense management are among the leading issues facing Canada’s biggest banks in 2024, but in the view of National Bank of Canada analyst Gabriel Dechaine, they’re only a start.

TORONTO — Canada’s Big Five banks are potentially misleading investors with their use of terms like sustainable finance, according to a complaint to securities regulators by a climate advocacy group.

After a year marked by caution and shifting expectations spurred by rising borrowing costs, economists believe the Canadian housing market could be in for a rebound in 2024.

(Reuters) -The latest setback for Boeing (NYSE:BA)'s top-selling 737 MAX aircraft occurred on Friday when a panel blew off an Alaska Airlines plane forcing its pilots to make an emergency landing.

southern Ontario and will begin impacting the region Tuesday morning.Meteorologists are continuing to track the system and where you live will determine how much snow or rain you see.Global News meteorologist Ross Hull said snow is expected to begin Tuesday morning for much of southern Ontario, likely at the end of the morning commute for the Greater Toronto-Hamilton Area.“It will begin as wet snow then transition to rain by the afternoon for areas closer to Lake Ontario where 2 to 5 cm of wet snow is likely,” Hull said.North of Highway 407, precipitation will likely stay as wet snow for longer, bringing the possibility of 10 to 15 cm, before transitioning over to rain, he said.During the transition, there may also be some freezing rain and ice pellets.Heaviest snow totals are expected for eastern Ontario where 15 to 25 cm is possible, Hull said.Ottawa and the surrounding area are under a winter storm watch with Environment Canada predicting 10 to 20 cm of snow, possibly turning into freezing rain and ice pellets Tuesday night.A special weather statement has been issued for parts of the Greater Toronto Area, including Newmarket and Caledon, where the agency is calling for upwards of 10 centimetres of snow and a risk of freezing rain.Environment Canada says weather warnings may be issued as the storm gets closer.“Even though Toronto won’t see significant snow, the roads will be quite messy considering the snow to start then the transition to rain (15-25 mm possible),” Hull said.He said he’s not expecting significant flooding, but there will be pooling on roadways and some flooding possibly in poorly drained areas.Gusty winds out of the east are also forecasted with the system, with the strongest winds near 100 km/h

Health Canada on Monday emphasized its commitment to taking swift action to “safeguard” the country’s prescription drug supply after a U.S. ruling that could see certain drugs imported south of the border from Canada.The warning comes days after the U.S.

Trade Promotion Council of India (TPCI) with the support of the Department of Commerce. Goyal said that the food exports from India holds an immense potential and this this fiscal, the country's agri exports will be more than last year's level of USD 53 billion despite restrictions imposed on shipments of certain key commodities.

Sri Lanka's navy said Monday it was joining a US-led maritime taskforce to protect international shipping against attacks by Yemen's Huthi rebels. «We will be joining 'Operation Prosperity Guardian' led by the US Navy,» naval spokesman Gayan Wickramasuriya said, with the deployment of a patrol vessel crewed by more than 100 people. Huthi fighters have launched more than 100 drone and missile attacks on targets in Israel and the Red Sea, disrupting traffic in the key shipping route that carries up to 12 percent of global trade. The Iran-backed Huthis say they are targeting Israel and Israeli-linked vessels to push for a stop to the offensive in the Gaza Strip, where Israel has been battling Hamas militants since October 7. Sri Lankan President Ranil Wickremesinghe has said that Huthi attacks had raised freight costs and were impacting exports of garments and tea. The South Asian island nation is emerging from its worst economic crisis in 2022, when months of street protests led to the ouster of then-president Gotabaya Rajapaksa. The country defaulted on its $46 billion external debt and is now being supported by a $2.9 billion four-year bailout loan from the International Monetary Fund. Wickramasuriya said the move would add no additional cost as the vessel was already patrolling Sri Lanka's vast maritime boundary. The US-led maritime force announced late last month includes Britain, Canada, France, Italy, the Netherlands, Norway and other nations. Last month neighbouring India deployed several warships in the Arabian Sea and Gulf of Aden after a string of shipping attacks, including a drone strike near India's coast that the United States blamed on Iran.

The landscape of cryptocurrency usage is rapidly changing, with over 6,000 in-person vendors across the globe now accepting Bitcoin.

Ukraine International Airlines Flight 752.Fifty-five Canadians and 30 permanent residents were killed when Iran’s Islamic Revolutionary Guard Corp shot down the passenger plane in the skies over Tehran with a pair of surface-to-air missles.While families deal with the ongoing sorrow, the Iranian regime has ramped up its campaign to try to silence those who speak out for the victims of Flight PS 752.Canadian Iranian human rights activist Hamed Esmaeilion — whose wife and daughter were killed in the downing of the flight — says his mother has been banned from leaving Iran for at least six months.“She was in distress. I have heard that she was shivering when she heard the news,” Esmaeilion says.His mother, Tooran Shamsollahi, was stopped at Tehran’s airport on her way to Canada to be with Esmaeilion to mark the anniversary of the deaths of his wife, Parisa, and nine-year-old daughter, Reera.Esmaeilion says he believes the ban is a form of revenge for his activism, following his calls for action after a former senior minister of the regime was seen vacationing in Canada.Seyed Hassan Ghazizadeh Hashemi is believed to have visited Canada after being spotted in the background of a TV news report on Quebec tourism and then caught on video visiting Casa Loma in Toronto in August 2023.Global Affairs Canada posted to X that it is deeply concerned about the intimidation of family members of victims of Flight PS 752.Canada is deeply concerned about new reports of intimidation of family members of the victims of Flight PS752.

Dr Reddy's Laboratories: The drug major has recalled approximately 8,280 bottles of Tacrolimus, used to prevent organ rejection post-transplant, from the US market. This action follows the US Food & Drug Administration flagging a packaging error, amid the "presence of foreign tablets/capsules" in the lot. Reliance Industries: Billionaire Mukesh Ambani said his firm, in partnership with Canada's Brookfield, will open a data centre in Chennai next week, marking entry into the fast-growing market.

Reliance Industries' Mukesh Ambani on Sunday said Tamil Nadu has become one of the most business-friendly states in the country and he believed it would indeed become a trillion-dollar economy in line with the state government's goal of reaching this milestone by 2030. «Reliance is committed to making new investments in Tamil Nadu in renewable energy and green hydrogen,» he said in a virtual address at the inaugural session of the state's two-day Global Investors Meet (GIM) in Chennai. «We shall work closely with the state government to promote sustainable development which is necessary to save Mother Earth from the climate crisis.»