Canada Financial News

“Digital innovation is transforming how we transact, manage money, and view value but poses risks to our financial system,” read a statement from the Office of the Superintendent of Financial Institutions (OSFI). “Recent crypto events underscore risks of unregulated financial innovation. Public disclosures enhance transparency, comparability of data, and market discipline for a safer financial system.”

U.S. health officials said at least 43 people have been sickened in 15 states by salmonella linked to certain whole and cut cantaloupes and pre-cut fruit products

Canada where rent of half of a bed shoots to ₹54,000 per month. Also Read: India-Canada row: MEA reiterates need to 'respect Vienna Convention' as Khalistani elements disturb consular camp In Canada's Toronto, individuals are offered to rent out half of their bed for a whopping 900 Canadian dollars (over ₹54,000) per month, reported Business Insider citing a TikTok video. Also Read: Got Canada permanent residency (PR)? How to strengthen your passport now The TikTok video was uploaded by a Toronto-based realtor Anya Ettinger, who brought attention to a now-deleted Facebook post in which an individual was offering half of their bed for rent for 900 Canadian dollars (over ₹54,000) per month, reported the news website.

If your parents are homeowners, you’re twice as likely to own a home as those without a generational stake in the housing market, according to a new Statistics Canada analysis on the impact of the “Bank of Mom and Dad.”

Prime Minister Justin Trudeau’s Liberal government faces pressures from two ends heading into Tuesday’s fall economic statement.

India-Canada relations continue to remain fragile ... moreIndia-Canada relations continue to remain fragile after Canada accused India of being involved in Khalistani terrorist Nijjar’s killing in Vancouver Canada.

Various brands of fresh-cut fruit are being recalled by Health Canada due to a possible salmonella contamination.

Forget Melbourne’s EastLink, Transurban’s got another toll road across the Pacific Ocean it may look to add to its $40 billion empire.

Defence Minister Bill Blair says Canada needs to invest more in military capabilities amid “evolving” global security threats, and as the federal government attempts to pare down government spending across the board.Blair told an international crowd of military personnel, politicians and civil society leaders at the Halifax International Security Forum Friday that Canada needs to put “resources … behind our aspirations.”“We must step up to address these challenges, and to preserve peace and prosperity for our peoples,” Blair said, referencing Russia’s ongoing invasion of Ukraine and the Israel-Hamas conflict as well as heightened tensions with China.“We have a lot of work to do.”Blair’s comment could be read as an understatement.The Liberal government has yet to deliver a promised update to its 2017 defence policy – an update that was thought to be imminent at the last Halifax forum in 2022.The federal government is also looking for as much as $1 billion in savings from the Canadian Armed Forces (CAF), as Treasury Board President Anita Anand – the former defence minister – attempts to rein in spending.At the same time, the CAF has been stretched thin both by domestic deployments in the wake of natural disasters and by Canada shipping equipment to Ukrainian forces trying to push back Russia’s invasion.Speaking to an aerospace industry conference earlier this month, Blair said he told officials that the long-awaited defence policy update needed more clarity in terms of where the Canadian government plans to spend money.Until that update is released, defence experts told Global News, it will be difficult for allies to take the Canadian government at its word when it comes to stepping up.“(Canada) has to show that it can

housing markets in many parts of Canada are pushing some home sellers to make hard-fought concessions on price — or delay their plans to sell until next year — in the wake of higher rates.Real estate experts who spoke to Global News say patience and price flexibility are key to landing a sale in today’s market, and that waiting until spring in hopes of a better deal is far from a sure thing.October sales figures from the Canadian Real Estate Association (CREA) released this week showed a “sizable decline” in activity in most of the country’s biggest markets.Sales volumes dropped 5.6 per cent from September, according to CREA, with chair Larry Cerqua saying that buyers might’ve entered an early “hibernation” as higher interest rates limit buying power across the country.Lorna Willis, an agent with Re/Max Finest Realty in Kingston, Ont., says that the number of homes sold in that city was down nine per cent year over year in October, with average prices down 5.3 per cent annually.The main thing that’s changed in the region is how long it takes to sell a home, according to Willis.

World Cup final happening in Ahmedabad on Sunday, November 19. Prime Minister Narendra Modi and Australia's Deputy Prime Minister Richard Marles will attend the ICC Cricket World Cup final between India and Australia in Ahmedabad on Sunday, an official release said. According to the Times of India, Pannun said in the latest threat video, "Also, on 19th November, the global Sikh community is going to boycott Air India from Ahmedabad airport, Amritsar and Delhi.

Alexa and Fire TV, explained that specific positions are being eliminated due to the discontinuation of certain initiatives. “As we continue to invent, we’re shifting some of our efforts to better align with our business priorities, and what we know matters most to customers — which includes maximizing our resources and efforts focused on generative AI," wrote Rausch. He mentioned that "several hundred" positions would be eliminated but refrained from specifying an exact number.

single-use plastic ban is “unconstitutional and unreasonable” is generating disappointment for some in the environmental movement.And it is also raising questions about whether the plastic bags, straws and takeout containers listed under the ban could make a comeback.“I mean, we were very disappointed. And this is a real setback to the federal government’s plans to address the plastic pollution crisis,” said Ashley Wallis, associate director with Environmental Defence in Toronto.Both Environmental Defence and Greenpeace Canada are calling on the federal government to appeal the ruling, something Environment Minister Steven Guilbeault said he’s “strongly considering.”But where do things go from here?The court challenge was brought forward by a group called the Responsible Plastic Use Coalition (RPUC), made up of plastic producers including Dow Chemical and Imperial Oil.They successfully argued that the May 2021 cabinet order classing “plastic manufactured items” as toxic substances under the Canadian Environmental Protection Act (CEPA) was too broad.In a statement, the RPUC said it is glad that the court upheld the provisions of the CEPA and believes industry and the government can work collaboratively to reduce plastic waste.This classification allowed Ottawa to ban a wide variety of single-use plastics because under the CEPA, the federal government can ban toxic substances.With this classification retroactively overturned, does it mean single-use plastics like bags and straws will come roaring back?Not likely, it seems.Two of Canada’s major grocers, Loblaws and Metro, both tell Global News they will not be bringing back plastic shopping bags.“No.

The Curator independently decides what topics and products we feature. When you purchase an item through our links, we may earn a commission. Promotions and products are subject to availability and retailer terms. ‘Tis (officially) the season for holiday shopping! Amazon Canada’s early Black Friday deals have arrived, and we’ve got quite a few items on our radar.From coveted beauty products to the latest and greatest tech, there’s something for everyone on your list.

Mira Murati has worked behind the scenes at OpenAI, overseeing the development and delivery of revolutionary products such as ChatGPT and DALL-E. Now she is stepping into the limelight as its interim CEO. Murati, 34, was elevated to the top position at the high-profile company Friday when OpenAI's board of directors ousted Sam Altman, the company's co-founder and CEO. The company said that Murati had a «unique skill set» and would provide «a seamless transition while it conducts a formal search for a permanent CEO.»

commonly used drugs are spanning the country and aren’t expected to resolve until at least the new year, causing both pharmacists and patients to search for alternative solutions.The persistent shortage of Lenoltec No. 4, the generic version of Tylenol 4 (also known as T4s), along with Ozempic, a widely-used drug for Type 2 diabetes, has lasted for several months.

Amazon is cutting hundreds of jobs in the unit that handles its popular voice assistant Alexa as it plows more resources into artificial intelligence

Narendra Modi on Friday condemned the civilian killings in the Israel-Hamas conflict, as he spoke about 'new challenges' in west Asia and emphasised on dialogue and diplomacy. «We have emphasised on dialogue and diplomacy. We also condemn the deaths of civilians in the conflict between Israel and Hamas,» Modi said in his opening address of the second virtual Voice of Global South Summit on Friday. Modi spoke on achievements of the G20 presidency, including progress on several initiatives unveiled at the first south summit in January.

About 330,000 veterans receiving disability payments from the federal government might soon receive their share of a multi-million-dollar settlement after lawyers identified accounting errors in the Veterans Affairs Canada (VAC) payment process.

Toronto police say an estimated street value of $90 million in cocaine and crystal methamphetamine was seized in what the force is calling its single-largest seizure of those types of drugs in its history.At a press conference on Friday, Supt. Steve Watts, from the organized crime unit, said officers were investigating a major importation and distribution network for illicit drugs in the Toronto area in a 3.5-month investigation dubbed Project Finito.Watts said 551 kilograms of cocaine and 441 kilos of crystal meth was seized following search warrants in October.“It is the single-largest seizure of crystal methamphetamine and powder cocaine in the history of the Toronto Police Service,” Watts said.“The drugs were destined for the streets of Toronto and beyond and would have inflicted significant damage on our communities,” Watts continued.

A line of people stretched outside the Multi-Educational Centre at Sagamok Anishnawbek First Nation, once known as the Spanish River Indian Reserve, on the north shore of Lake Huron between Sudbury and Sault Ste. Marie, Ont., on June 29.