Canada Financial News

After three consecutive La Niña winters, a moderate El Niño is now well established in the central Pacific Ocean.

By Fergal Smith

Titan submersible saw millions of dollars worth of Canadian military equipment and personnel deployed in the search, estimates suggest.The figure, calculated by Global News with data provided by the government, gives an idea of the financial value of Ottawa’s involvement in the search for the lost vessel, which suddenly imploded while on an expedition to the Titanic wreckage in June.The operation fell within the budgets of the departments involved – Fisheries and Oceans Canada and the Department of National Defence (DND) – spokespeople for both told Global News. Officials say that means DND did not incur incremental, or additional, costs while Fisheries and Oceans Canada – which oversees the Canadian Coast Guard (CCG) – said it does not track expenditures incurred from specific search and rescue cases.“Responding to incidents is part of our overall daily operations, and as a result it would be difficult to calculate and allocate costs on a case-by-case basis,” the fisheries spokesperson told Global News.“Canadian Armed Forces’ (CAF) resources respond to incidents of distress.… The goal is to save lives and CAF search and rescue services are provided free of cost to those in peril; they do not function on a cost-recovery basis,” the DND spokesperson said.But based on the resources deployed in the search, the time they were deployed and their average hourly operating costs, the total value of the recovery operation appears to be around $3,125,226 to $3,130,576.The search for Titan – a deep-sea submersible operated by American tourism and expeditions company OceanGate – captivated the world’s attention following its sudden disappearance on June 18.The U.S.

Gurpatwant Singh Pannun is now at the crux of possible bitterness in ties between India and US, if the former does not tread carefully. US recently charged an Indian man- Nikhil Gupta- with plotting to assassinate Pannun in American soil.

Iceland has categorically denied news that is floating with claims on social media that the country had banned COVID-19 vaccines amid soaring deaths. The health authority said that there was no ban on Covid shots and there were “no soaring sudden deaths”.

Khalistani separatist Gurpatwant Singh Pannun on American soil, has brought forth the debacle with Canada, wherein Prime Minister Justin Trudeau had informed the Canadian Parliament that they have ‘credible evidence’ to allege that Indian government and intelligentsia was involved in the June murder of Khalistani separatist Hardeep Singh Nijjar. The indictments brought against one Nikhil Gupta on attempting to kill Sikh For Justice (SFJ) leader Gurpatwant Singh Pannun, also revealed that it had links to Nijjar's killing earlier this year, and has prompted questions about what US agents knew in the days before his death.

MONTREAL — National Bank of Canada reported its fourth-quarter profit rose compared with a year ago and raised its dividend.

The Bank of Canada is widely expected to hold its benchmarkinterest rate when it meets next week, but a lot has changed since October.

Looking for an online casino in Canada that offers fast withdrawals? In this guide, we compare the 15 best instant withdrawal casinos in Canada.

Corey Perry released a statement regarding his mysterious contract termination Thursday, apologizing to his fans, teammates and family, but failed to shed any more light on why he was dropped from the Chicago Blackhawks.

One of Canada’s former top spies says that the American indictment linking an alleged assassination attempt orchestrated by an Indian government employee re-enforces the validity of allegations made by Prime Minister Justin Trudeau in September.

The House of Commons has unanimously adopted a Bloc Quebecois motion Thursday that denounces a recent discussion paper suggesting the Christmas statutory holiday amounts to “systemic religious discrimination.”

U.S. health officials say consumers should not eat pre-cut cantaloupe if they don’t know the source

RBC chief executive Dave McKay made some of his most forceful comments yet on the importance of the federal government approving the bank’s $13.5-billion takeover of HSBC Canada as the deal attracts rising opposition.

Canada’s economy contracted in the third quarter of the year, but Statistics Canada’s revised data shows the country is still managing to avoid a technical recession.

Stardew Valley, the popular game, is hitting the road with its first-ever concert tour, "Festival of Seasons," organized by ConcernedApe. With an initial 14 shows in the United States, Canada, the United Kingdom, Australia, and Southeast Asia, the tour expanded to 36 cities across 12 countries. The concert promises an intimate experience with fresh arrangements of the game's beloved soundtrack. Fans eagerly anticipating the tour can now find details on dates, cities, and ticket sales.

Canadian Security Intelligence Service vehicle.The man, who was supposed to be her mentor and coach, treated his “own needs as more important than doing the job,” she said in an interview.She said she was raped by her colleague nine times while at work in CSIS surveillance vehicles between July 2019 and February 2020.A second officer said she too was sexually assaulted as a rookie by the same officer in surveillance vehicles during covert missions, despite warnings from the first to their bosses that he should not be partnered with young women.They say supervisors told them other women had complained about not feeling safe around the man in the past.“Nothing was done, and I started hearing these stories that there was this history of all these women (who) used to be working at our region. They used to be there, and they all had the same thing to say, and they all just ended up leaving,” the second officer said.The women are among four officers with the B.C.

OTTAWA (Reuters) — Canada and the United States have finalized a deal to buy up to 16 Boeing (NYSE:BA) Poseidon aircraft as part of a C$10.4 billion ($7.7 billion) project to replace the country's aging fleet of Aurora military surveillance planes, the Canadian Defence Ministry said on Thursday.

Netflix, is coming up with the highly anticipated sixth season of the hit drama series Virgin River. The announcement for the sixth season was made before the premiering of the fifth season. The release date for the Virgin River season 6 has not been announced but it is expected that the release may be late 2024 or 2025. The production for the new season was put on hold due to the strike in Hollywood.

bond investments, according to a report published on Thursday. The slippage follows two years of strong asset growth, with the funds also grappling with a rise in real interest rates, according to the report by OMFIF, Official Monetary and Financial Institutions Forum. OMFIF analysed data from the annual reports of the world's 50 largest public pension funds and 50 biggest sovereign funds. It also drew on surveys and contributions from 22 global public pension funds, including Singapore's GIC and Canada's CDPQ. A net 13% of survey respondents expected to reduce their real estate and conventional government bond holdings in the next 12-24 months, with funds looking, in contrast, to add inflation-linked debt and commodities, the report said. In emerging markets, nearly 40% of surveyed funds saw India as the most attractive market.

The number of Canadian cryptocurrency users has dropped in 2023 due to bear market fears and wider macroeconomic factors, a new survey shows.