Canada Financial News

The Royal Canadian Mint has revealed the image of King Charles that will soon be on all new coins.

The macroeconomic math relating to Canada’s looming wall of mortgage renewals should be terrifying for the Bank of Canada. A large increase in average monthly mortgage payments will arise from the nearly $1 trillion in renewals due by 2026, triggering, in turn, a large demand shock and putting stress on the housing market in particular and the economy in general. The central bank will need to ease aggressively before the shock strikes to avoid turning a slowdown into a crisis, positioning Government of Canada bonds for outperformance in 2024.

By Travis Toews

Power Corp. of Canada, the holding company of Canada’s billionaire Desmarais family, increased the estimated value of its Sagard Holdings alternative investments unit after closing a deal to sell a minority stake in it.

NEW YORK (Reuters) — U.S. bond giant Pacific Investment Management Company (PIMCO) said on Tuesday it favors bonds over other asset classes next year as it expects economic growth to have peaked and that inflation will slow down.

Last week brought several noteworthy developments in the evolving crypto regulation scene across the globe.

By Divya Rajagopal

Dutch government said Tuesday it was temporarily shelving plans to cut flights at Amsterdam's Schiphol Airport, one of Europe's busiest hubs, admitting it was a «bitter pill for the environment.» The proposals to trim the number of Schiphol flights from 500,000 to 460,000 from next year faced too many legal headwinds, Infrastructure Minister Mark Harbers said in a letter to parliament. A Dutch court blocked the plans in April and the European Commission, the United States, and Canada have also raised concerns, Harbers said. «The government knows that suspending (the plans) is a bitter pill for the environment… I stress that the government is committed to striking a balance between Schiphol and its surroundings,» the letter concluded. Schiphol airport authorities said they were «disappointed» with the decision, «as local residents are getting the short end of the stick.» «It is time that hindrance for local residents is noticeably reduced,» airport authorities said in a statement. But airlines rejoiced. Dutch flag carrier KLM said the decision was «an important step to prevent retaliation and to continue flying to the US.» Marnix Fruitema, head of the BARIN association of Dutch airlines, was quoted by local agency ANP as saying: «We are delighted that the minister has come to his sense in time.» The government said KLM had agreed to a series of measures that would come into force from March. According to the minister, KLM had agreed to use its quietest aircraft at night and to avoid running passenger services between midnight and 6am.

Disney has created a nonfungible token (NFT) platform together with blockchain and metaverse firm Dapper Labs.

International students attended U.S. universities in surging numbers last year, rebounding from a pandemic slump with the help of a 35% jump in students coming from India

Stellantis says it will offer buyout or early retirement packages to about 6,400 nonunion U.S. salaried employees

If you and I opened a joint savings account and, after a few years, one of us decided to pull out, the division of the remaining balance presumably would have something to do with how much each of us had put in over the years, what the return on our joint savings had been, and what it had cost to run the account (i.e., just how exorbitant the bank charges had been). And, of course, it would help a lot if at the outset we had written down the rules under which either of us could withdraw.

Canadian securities regulators are appealing to the U.S. ambassador to Canada to intercede in legislation they say would create duplication, confusion and expense for insiders of Canadian companies that list their shares in the United States.

Looking back at the year the Bank of Canada started hiking interest rates, things looked pretty good.

When Corynn Fowler turned her camera around and started filming her own financial advice to post on TikTok two years ago, she didn’t have high expectations.

There is mounting evidence that the US is cutting its direct dependence on Chinese imports—to the lowest level in 17 years, by some measures. Mexico and Canada in the middle of this year overtook China as top exporters to the US. This points to both a gradual decoupling of the two largest economies in the world as well as the rise of friend-shoring.

The leader the federal official Opposition is calling for immediate action against the Iranian regime, in the wake of Global News reporting revealing the extent of the Islamic republic’s interference in Canada.

With winter just around the corner for Canadians, many are likely dreading the age-old problem of driving in snow, but a new study shows one in three are considering not investing in winter tires due to the ongoing cost of living crisis facing the country.

India-Canada row: Justin Trudeau doubles down on claim, says ‘if bigger countries violate law without consequences…’ "We note the enactment of the National Housing Strategy Act, Accessible Canada Act, and National strategy to combat human trafficking," said Hussain addressing the UNHRC review meeting. "India recommends the following to Canada - further, strengthen the domestic framework to prevent misuse of freedom of expression, for inciting violence and disallow activities of groups that are promoting extremism; effectively prevent attacks on places of worship of religious and racial minorities, strengthen legislative and other measures to address hate crimes and hate speech," the Indian diplomat said.

Canadian-Israeli peace activist Vivian Silver, whose family believed she had been taken hostage by Hamas militants during their brutal attacks in Israel on Oct. 7, is dead, according to Global News Canada and multiple sources close to her family.

India has spearheaded recommendations for Canada to fortify measures preventing attacks on worship places and effectively address hate speech. The proposals were presented during the UN Human Rights Council Review meeting, where diplomats from India, Bangladesh, and Sri Lanka shared their insights and recommendations. Indian diplomat Mohammed Hussain noted legislative enactments such as the National Housing Strategy Act and the Accessible Canada Act while addressing the issue at the Council meeting. «We note the enactment of the National Housing Strategy Act, Accessible Canada act, and National strategy to combat human trafficking,» said Hussain addressing the UNHRC review meeting. India also recommended that Canada strengthen its domestic framework to prevent the misuse of freedom of expression, particularly for inciting violence. Additionally, India urged Canada to disallow activities of groups promoting extremism, prevent attacks on places of worship of religious and racial minorities, and enhance measures to address hate crimes and hate speech. «India recommends the following to Canada — further, strengthen the domestic framework to prevent misuse of freedom of expression, for inciting violence and disallow activities of groups that are promoting extremism; effectively prevent attacks on places of worship of religious and racial minorities, strengthen legislative and other measures to address hate crimes and hate speech,» he also said. Bangladesh diplomat Abdullah Al Forhad commended Canada's progress in human rights protection and acknowledged the ongoing implementation of its strategy to combat human trafficking.