Canada Financial News

A council of prominent Indigenous leaders tasked with advising Canadian National Railway Co. says all of its 12 members have submitted resignations, effective at the end of the year.

The way that investors want to engage with financial advisors and investment managers continues to evolve.

By Kate Abnett, Gloria Dickie and David Stanway

The future of Canada’s military colleges is at a crossroads, say two veterans of the school and the military.

Canada is turning into a battle for survival for many immigrants due to the high cost of living and rental shortages, as rising emigration numbers hint at newcomers being forced to turn their back on a country that they chose to make their adopted home. Prime Minister Justin Trudeau has made immigration his main weapon to blunt Canada's big challenge of an aging and slowing population, and it has also helped fuel economic growth. That drove Canada's population up at its fastest clip in more than six decades this year, Statistics Canada said. Want to know if you qualify for immigration? Click here But now a reversal of that trend is gradually taking hold.

Deanna Thompson says she often feels like she’s screaming as loud as she can in a room full of people and no one can hear her.

Canada's overall population touched a high of 0.2 per cent in the mid-1990s, and currently stands at about 0.09 per cent, according to official government data. The rate of immigrants leaving Canada hit a two-decade high in 2019, according to a recent report from the Institute for Canadian Citizenship (ICC), an immigration advocacy group. While the numbers went down during pandemic lockdowns, Statistics Canada data shows it is once again rising.

The Office of the Superintendent of Financial Institutions has maintained the additional capital bufferthe country’s biggest banks must hold at 3.5 per cent, a decision that some analysts say will cheer bank investors as an increase was expected. 

Amazon.com Inc. sued what it called an international ring of thieves who swiped millions of dollars in merchandise from the company through a series of refund scams that included buying products on Amazon and seeking refunds without returning the goods.

The parent company of alternative mortgage lender Equitable Bank reported record annual results for its 2023 fiscal year, with its fast-growing multi-unit lending space among the bright spots.

FINTRAC is Canada’s primary financial intelligence unit, reporting to the minister of finance. It is also the country’ anti-money laundering and anti-terrorist financing supervisor. Based in Ottawa, with three regional offices across the country, its mandate is to ensure the compliance of businesses subject to the Proceeds of Crime (Money Laundering) and Terrorist Financing Actand associated regulations. FINTRAC also collects financial intelligence for police, law enforcement and national security agencies to assist in the investigation of money laundering and terrorist activity financing offences or threats to the security of Canada. It can impose administrative financial penalties, as it did with the two banks, or make a non-compliance disclosure to law enforcement. “Proceeding in one manner prevents proceeding in the other,” according to FINTRAC’s website.

Canada's move to more than double the cost-of-living requirement for incoming international students will put an additional financial burden on people sending their children to study in that country, several aspirants' parents in Punjab said. They added that the decision has come as a big blow as they will now need to borrow more from banks or informal sources to arrange the funds to send their children to study in Canada.

CBSE, ie cbse.gov.in or cbse.nic.in. Dates of practical exams have already been announced on the website. Also Read: ICSE, ISC 2024 exams: CISCE date sheet for Class 10, 12 exams out on cisce.org The CBSE board, while announcing the 2023 board results had announced that the 2024 board exams will begin on February 15.

salmonella outbreak traced back to cantaloupes has claimed the lives of at least five people and infected over 100 people across Canada, prompting a warning from experts to remain vigilant, look for signs of the infection, and consider temporarily avoiding melons.Salmonella, a bacterial infection commonly transmitted through contaminated food and water, poses a significant health threat, especially to children and older adults, as it can lead to severe gastrointestinal symptoms, dehydration, and, in extreme cases, death.“Salmonella is one of the most prolific pathogens we know,” said Keith Warriner, a food safety professor from the University of Guelph. “The reason why it’s so successful is that it can survive any environment.

The bread supplier that admitted to price-fixing earlier this year says in new court filings that any anti-competitive behaviour it participated in was at the direction and to the benefit of its then-majority owner Maple Leaf Foods.

The Office of the Superintendent of Financial Institutions has maintained the additional capital bufferthe country’s biggest banks must hold at 3.5 per cent, a decision that some analysts say will cheer bank investors as an increase was expected. 

Talk at the latest climate-change shindig in Dubai has centred around the future of the oil industry and whether countries should pledge to phase out oil and gas production entirely or simply transform the industry in decades to come. Canada always talks a deep-green game at these affairs but are we really ready to nail shut the oil and gas coffin?

Canada is threatening to cap the number of foreign student visas if the quality of education and housing doesn’t improve for the newcomers, a move that would limit an important source of revenue for colleges and universities. “We are prepared to take necessary measures, including significantly limiting visas, to ensure that designated learning institutions provide adequate and sufficient student supports,” Immigration Minister Marc Miller told reporters at an Ottawa event Thursday. Think you check all the immigration boxes? Find out The number of foreign students in Canada has nearly tripled in the past decade, reaching more than 800,000 last year. The students pay about five times as much tuition as Canadians and are also grappling with soaring housing costs due to a severe supply shortage. Post-secondary schools, and the provinces and territories that regulate them, have until September to ensure that international students are “set up for success,” Miller said. Canada has a responsibility to support newcomers and protect them from “unscrupulous individuals” who offer inadequate living conditions with inflated prices, he added. “There are in provinces the diploma equivalent of puppy mills that are just churning out diplomas and this is not a legitimate student experience,” he said. “There is fraud and abuse and it needs to end.”

Inflation’s “volatility’” is keeping the Bank of Canada cautious about the future path for interest rate decisions, according to a senior central bank official.

Canadian companies are now paying more than $1 million in ransomware attacks, according to a new study.

Canada’s financial intelligence agency says it has levied a $1.3-million penalty against CIBC for non-compliance with money laundering and terrorist financing measures.