Canada Financial News

By Nivedita Balu and Niket Nishant

Toronto-Dominion Bank missed analysts’ earnings estimates after setting aside more money than forecast for potentially souring loans and announcing a restructuring charge related to a planned three per cent cut to the lender’s workforce.

Historic levels of household debt are straining the finances of Canadians to the point that it will be impossible for the Bank of Canada to keep interest rates at current levels for long, according to prominent economist David Rosenberg.

Royal Bank of Canada beat analysts’ earnings estimates after reporting strong capital-markets performance and a tax adjustment in the company’s favour.

Canadians are less enthusiastic about a Central Bank Digital Currency (CBDC) opting for traditional payment methods despite wider awareness, a new survey shows.

Uganda secured its place in a global cricket tournament for the first time Thursday after beating Rwanda in African qualifying for next year's T20 World Cup. The country of 50 million in East Africa got into the expanded 20-team competition, being co-hosted by the West Indies and the United States in June, at the expense of Zimbabwe — an established cricketing nation. Uganda defeated Zimbabwe by five wickets on Sunday for its first ever win over a Full Member team in a T20 international, and followed that up by dismissing Rwanda for 65 then reaching its target in 8.1 overs in Windhoek, Namibia. Namibia has also advanced through African qualifying to complete a lineup of teams that also contains Oman, Nepal, Papua New Guinea and Canada.

Gurpatwant Singh Pannun, the Khalistani separatist and Indian-origin citizen of the US and Canada, is in the spotlight after the US law enforcement authorities on Wednesday announced the filing of a «murder-for-hire» charges against Indian national Nikhil Gupta in what they said was a «foiled plot to assassinate» Pannun in New York City allegedly supervised by an Indian government official. Pannun has been the most vocal proponent of Khalistan in recent years, holding Khalistani referendums in Western countries and announcing rewards to Indian SIkhs for writing Khalistani graffiti and hoisting Khalistani flags. A designated terrorist wanted in India in nearly two dozen cases related to terror and sedition, Pannun has emerged as the biggest figurehead of the Khalistani movement, threatening India and Hindus with impunity, even threatening obliquely to blow up Air India flights recently. Read More:'Matter of concern,' New Delhi says as US indictment names Indian on Khalistani Pannun's murder plot charges Pannun started out as an eccentric activist, who would file cases in American courts against visiting Indian politicians for their alleged role in the 1984 Sikh riots, and has now become the most reocgnised face of the global Khalistani movement. The beginning of Pannun “Children often bring pride to their village or towns, but Gurpatwant has besmirched its reputation with a tag of a terrorist's village and brought us shame,” Sarjan Singh, a resident of Pannun's ancestral village Khankot, on the outskirts of Amritsar in Punjab, had told TOI three years ago.

A recent public consultation on Canada’s central bank digital currency (CBDC) initiative revealed an overall negative sentiment from Canadians, confirming the Bank of Canada’s concerns around its country-wide adoption.

The Bank of Canada’s public consultations on the creation of a digital Canadian dollar reveal most respondents are opposed to it.

Yves-Francois Blanchet nearly landed him on Speaker Greg Fergus’ naughty list — but was ultimately allowed to proceed.“Mr. Speaker, according to the prime minister, is Christmas racist?” Blanchet asked in question period on Wednesday.“I’m very pleased to stand up and try to answer a totally ridiculous question.

Switzerland-based Pando Asset has emerged as the latest contender in the race to launch a spot Bitcoin ETF in the United States.

Federal prosecutors in Manhattan said Nikhil Gupta, 52, worked with the Indian government employee, whose responsibilities included security and intelligence, on the plot to assassinate the New York City resident who advocated for a Sikh sovereign state in northern India. Prosecutors did not name the Indian official or the target, although they did describe the latter as a U.S.

Canada on Wednesday pressed India to cooperate in an investigation of the murder of a Sikh separatist in British Columbia after the U.S. revealed it had foiled an assassination attempt against a Sikh separatist on its soil.

(Reuters) — Canada is set to announce on Thursday a multi-billion dollar sole-source contract for Boeing (NYSE:BA) Co’s P-8 Poseidon maritime patrol aircraft to replace the country’s military surveillance planes, a senior government source familiar with the matter told Reuters.

Canada’s government says it has reached a deal with Google for the company to contribute $100 million Canadian dollars annually to the country’s news industry

The proposed NewRange Copper Nickel mine in northeastern Minnesota has suffered a fresh setback

SAO PAULO (Reuters) — Brazilian planemaker Embraer said on Wednesday that Canada's Porter Airlines placed a firm order for an additional 25 E195-E2 aircraft for $2.1 billion.

The demand for institutional investors for Bitcoin (BTC) became evident on Nov. 10 as the Chicago Mercantile Exchange (CME) Bitcoin futures flipped Binance's BTC futures markets in terms of size. According to BTC derivatives metrics, those investors are showing strong confidence in Bitcoin's potential to break above the $40,000 mark in the short term.

Dar Tanner while posting the image on platform X (formerly known as Twitter) wrote, «Mind blowing light pillars in our little village of Alix, Alberta». What appears to be a neat photography ploy is actually a stunning natural phenomenon. These beautiful natural phenomena known as light pillars are columns of lights created when light from the earth's surface reflects off of six-sided ice crystals that are present in the frozen clouds above. According to Michael Kavulich of the National Center for Atmospheric Research, ice crystals in clouds settle horizontally during very calm conditions, like dinner plates laying flat. They basically act as mirrors, which reflect light coming from streetlights and other sources shining on the ground to form a beam of light that is between the Earth and the sky. Moreover, light pillars can also be formed by sunlight. A sun pillar is a column of light that forms when the sun peeks over the horizon at sunrise or sunset. This phenomenon is caused by sunlight reflecting off of «dinner plate» ice crystals in the clouds.

An Indian national is facing murder-for-hire charges in a case of what American law enforcement are calling an attempt “to assassinate a U.S. citizen on U.S. soil,” with an alleged connection to an employee of the Indian government.

A trio of studies published in November may shine some light on the social and psychological factors that motivate movement in the non-fungible token (NFT) market.