Canada Financial News

Canada’s record population growth in the third quarter brings its housing crisis into the spotlight once again, with economists urging governments to boost spending to accommodate all the new arrivals.

Craving," a Netflix Original thriller series directed and co-written by Adam Robitel, is set to explore the «real world horrors» of addiction in a Colorado ski town. The female sheriff faces an unprecedented threat, but specific plot details are currently scarce.

Ottawa rolled out its timeline for the full transition to electric vehicles on Tuesday, but some industry watchers are concerned the path to get there is not realistic.

A Vancouver payment processing company under investigation for alleged direct-mailing scams has forfeited $10 million in a settlement agreement with the B.C. Civil Forfeiture Office — the single largest forfeiture in the history of the office.

The Canada Revenue Agency says 185 employees have been fired to date for claiming a federal COVID-19 benefit when they were not eligible for it.

The Bank of Canada is looking for clear evidence of “further and sustained downward momentum in core inflation” before it considers cutting interest rates. That was the message governor Tiff Macklem addressed directly to markets in a press availability after his annual year-end speech on Dec. 15.

Canadian equity financings grew slightly this year despite a combination of challenges stemming from high interest rates, an underperforming stock market and just one initial public offering on the Toronto Stock Exchange. What’s more, bankers are forecasting better conditions for ECM markets in 2024.

Justin Trudeau said he senses a change in India's tone with Ottawa after the United States warned New Delhi about its involvement in a thwarted plot to kill a Sikh separatist leader on U.S. soil, the CBC reported on Wednesday. «I think there is a beginning of an understanding that they can't bluster their way through this and there is an openness to collaborating in a way that perhaps they were less open before,» Trudeau said in an interview with the Canadian Broadcasting Corp. «There's an understanding that maybe, maybe just churning out attacks against Canada isn't going to make this problem go away,» he added. Trudeau announced Sept.

High-net-worth individuals in the United States and Canada are feeling challenged by weather risks, the economy, and potentially ruinous lawsuits, according to a new survey.

It’s been almost a month since news broke of an alleged plot to assassinate pro-Khalistan figure Gurpatwant Singh Pannun in the United States, with possible Indian involvement. In the weeks since, India and the US have scrambled to minimise damage to their relationship. Mint takes a look at how the two countries have responded and the impact on India-US relations.

Temples across the US are preparing week-long celebrations in North America to commemorate the inauguration of the Ram Mandir in Ayodhya on January 22 next year, a top official representing these temples has said. «It's our fortune and blessings to us that we are part of this phenomenon and the temple of our dreams is getting materialised after centuries of wait and struggle. Everyone's emotions in the US and Canada are very high. Shraddha (devotion) is built up and everyone is eagerly waiting to receive Bhagwan Shri Ram in his mandir,» Tejal Shah from the Hindu Mandirs Empowerment Council (HMEC) told.

Canada came close to breaking the highest population growth rate in any quarter this July to September when it reported 430,635 new residents in the country.

World Health Organization has classified the COVID-19 variant JN.1 as a separate variant of interest from the parent lineage BA.2.86 due to its rapidly increasing spread.The WHO made the announcement Tuesday, saying that based on current evidence, the global health risk posed by JN.1 remains low.“Despite this, with the onset of winter in the Northern Hemisphere, JN.1 could increase the burden of respiratory infections in many countries,” the WHO said in a statement.The health organization added it is continuously monitoring the evidence and will update the JN.1 risk evaluation as needed.Although JN.1 is now a variant of interest, the WHO said current vaccines continue to protect against severe disease and death in this variant, as others that are circulating.In Canada, JN.1 falls under the variant BA.2.86, which is an Omicron subvariant of SARS-CoV-2. Its prevalence has been steadily increasing since October, when it made up 0.1 per cent of the variants at the time.

inflation rate held steady at 3.1 per cent in November, Statistics Canada said Tuesday, amid a “broad-based” easing in grocery price hikes.Some economists had expected a decline in the headline inflation figure, but StatCan said higher prices on travel tours and elevated housing costs kept the annual rate steady.Rents were up 7.4 per cent year-over-year — down from the previous month — and mortgage interest costs rose nearly 30 per cent annually, the agency noted.A 26.1 per cent jump in the prices for travel tours last month was offset by drops in the cost of cellular services, which StatCan said related to Black Friday deals in November.Gas prices were down last month but to a lesser extent than October, which the agency said put upward pressure on the monthly inflation figure. A drop in the price of fuel oil helped to reduce price pressures in the month, with StatCan noting the Liberal government’s temporary suspension of the federal carbon levy on home heating oil “contributed to the decline.”November was the fifth straight month that food inflation slowed, the agency noted, with grocery prices rising 4.7 per cent annually in the month.StatCan said that the easing at the grocery store was “broad-based,” with price hikes on every component in the grocery basket cooling from October’s increases.

As 2023 draws to a close, investors are shifting their focus to the upcoming fiscal year.

Natural Resources Canada is working on the first update to its plant hardiness zones map since 2014, hoping to have the map – which gardeners rely on when determining what plants will thrive in their region – available sometime in 2024.

By Phil Stewart

Bank of Canada governor Tiff Macklem said he expects to start cutting interest rates next year but needs to see several months of sustained downward momentum in core inflation first.

Another piece of the interest rate puzzle drops this week when Statistics Canada releases inflation data for November on Dec. 19.

With all this talk of Goldilocks lately, you might think the economy is out of the woods.

A spate of recent articles in the United States have been speculating about how America will change if Donald Trump is re-elected in 2024. But there will be adverse changes in store for Canada, too.