Canada Financial News

Reversing climate change has defined the Trudeau government, generating the incessant virtue signalling and innumerable intrusive initiatives for which, after eight years, it is infamous. But now the entire climate project is staggering from a trifecta of reality checks — missed emission targets, public blowback against the carbon tax and, at long last, growing realization that nothing Canada does will change global temperatures.

Last week, Justin Trudeau put out a statement to mark Global Entrepreneurship Week. “The Government of Canada,” he said, “is working to remove barriers so that entrepreneurship can continue to thrive.” That sounds nice, except for the “continue to” part: entrepreneurship has not thrived under his government at all. Statistics Canada reports that despite significant population growth between 2015 and 2022, the number of Canadians who were self-employed and who employed other people for pay fell 11 per cent. Contrast this decline in entrepreneurs to the 18 per cent growth in public sector employment over the same period. The two statistics are connected. Adding to government employment takes away money and resources that businesses and entrepreneurs need to establish themselves and grow.

Inflation in Canada slowed to 3.1 per cent year over year in October from 3.8 per cent the month before, leading some economists to predict an interest rate cut by the Bank of Canada as early as next spring.

The past week brought several new major developments on the crypto regulation front. The SEC sued a major crypto exchange, IOSCO developed new international standards, Turkey pushed ahead with licensing requirements, Canada’s OSFI moved to refine industry rules, and NYDFS tightened token listing and delisting policies.

Steelers on Tuesday dismissed offensive coordinator Matt Canada in the aftermath of the team's weekend defeat to the Cleveland Browns. Steelers coach Mike Tomlin stated that Matt Canada has been released from his role as offensive coordinator. Tomlin also acknowledged Matt’s diligent efforts and commitment, and extended his best wishes to him as he progresses in his career. Despite the Steelers' 6-4 record and contention in the playoff race, fan dissatisfaction with Canada grew due to the team's sluggish offense. Following the loss to the Browns, Pittsburgh found itself ranked 28th in both points scored and yards gained, with the defense playing a crucial role in keeping the team competitive. The spotlight has also been on Kenny Pickett for his performance.

The band on Monday announced dates for its tour in North America. The group, led by core members Mick Jagger, Keith Richards and Ron Wood, will begin their American tour in Houston, Texas, followed by performances in 12 other cities in the country before taking the stage in Vancouver city of Canada.

the RCMP in Toronto arrested Daixiong He, 68, of Richmond Hill, Ont., and charged him with uttering counterfeit money and possession of counterfeit money. The Mounties seized 10,000 allegedly fake Toonies during that investigation.

Statistics Canada is expected to release its latest reading on inflation Tuesday.

Canada with his Australian counterpart Penny Wong. In his meeting with Wong, Jaishankar raised the issue of extremism and radicalism in Canada. Jaishankar said, “Yes, I spoke about it to Minister Wong today.

By Steve Scherer

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Discord, Snap and X (formerly Twitter) - to compel them to testify at a hearing on 6 December on the sexual exploitation of children online. The committee is chaired by Democratic Senator Dick Durbin and Republican Senator Lindsey Graham of South Carolina.

pic.twitter.com/g3m0XfQWct— Vancouver Canucks (@Canucks) November 21, 2023Harry’s moment on the ice comes 21 years after his grandmother, Queen Elizabeth, made her own ceremonial puck drop at a Canucks – Sharks game.

It’s down to the short strokes at ASX-listed pharma distributor EBOS’s tilt for TPG Capital-backed pets and vets business Greencross, details of which were first revealed by this column last week.

Canada's Member of Parliament Chandra Arya on Monday shared a video and alleged that Pro Khalistani supporters in Surrey expressed their intent to cause disturbances at the Hindu Laxmi Narayan Mandir. In a post on X, Indian-origin Arya, wrote, “Last week Khalistan supporters verbally abused a Sikh family outside a Sikh Gurdwara in Surrey BC according to some reports. Now it appears the same Khalistan group want to create trouble at the Hindu Laxmi Narayan Mandir in Surrey." He stressed all these are being done in the name of freedom of speech and expression.

Chandra Arya on Monday shared a purported video of Pro Khalistsupporters in Surrey claiming they want to create trouble at the Hindu Laxmi Narayan Mandir there. Along with the video that he shared on social media platform X, the Canadian member of parliament, Arya, further called on the Canadian authorities to take action and step in. He wrote, «Last week, Khalistan supporters verbally abused a Sikh family outside a Sikh Gurdwara in Surrey, BC, according to some reports. Now it appears the same Khalistan group wants to create trouble at the Hindu Laxmi Narayan Mandir in Surrey.» «All these are being done in the name of freedom of speech and expression.

Simrat Sooch of Stoney Creek, Ont., was a true believer in electric vehicles.“The first one I had was very reliable,” said Sooch, so he didn’t hesitate to trade up.He bought a 2017 Ioniq made by Hyundai. Sooch was its second owner.

Canada’s Office of the Superintendent of Financial Institutions (OSFI) has opened a consultation period on crypto-asset disclosure requirements for federally regulated financial institutions. The consultation was foreseen in the 2023 federal budget, but its timing is tied to a similar inquiry initiated by the Bank for International Settlements (BIS).

Morgan Stanley named Jed Finn head of the company’s $4.8 trillion wealth management business, giving him oversight of the biggest revenue generator at the firm. 

The world’s richest one per cent contributed as much carbon as the five billion people who comprise two-thirds of the globe’s poorest in 2019, which could spell out dire consequences in less than a decade, according to a new report.

The Canada Revenue Agency has denied or adjusted $458 million in funds disbursed to employers through a pandemic-era wage subsidy program as a result of a partially completed auditing process.