Canada Financial News

Israeli ambassador Naor Gilon urges Indians to light a ‘Diya of Hope’ for hostages held by Hamas Several terms have come to the fore since fighting began last month – with calls for a truce, a humanitarian truce, de-escalation, a humanitarian ceasefire and a cessation of hostilities. There is no clear definition for each of these concepts with all referring to a break in fighting – of varying lengths. A pause is simply considered less formal and shorter than a ceasefire.

Cryptocurrency taxation is a subject of increasing importance, with governments worldwide working diligently to establish clear rules for taxing digital assets. In the United States, the United Kingdom, and Canada, crypto holders navigate complex regulatory landscapes, making it crucial to understand how crypto losses are taxed and their potential impact on tax liability. Whether new to crypto trading or with years of experience, reporting income and paying applicable taxes in compliance with local regulations is essential.

As the grocery code of conduct nears completion, the Canadian industry’s biggest player is raising concerns the guidelines could add fuel to the food inflation fire.

Larry Whitehead is getting ready to open his Christmas tree farm for the season.

The high cost of living is dampening the holiday joy for many Canadians as they plan to cut spending on gifts and travel over the winter break, polling shows.

Lung cancer death rates in Canada are declining faster than any other type of cancer, which can be attributed to the significant impact of tobacco control and early detection efforts, according to a new report.The report, Canadian Cancer Statistics 2023, was released Wednesday by the Canadian Cancer Society (CCS) in collaboration with Statistics Canada and found the biggest reason behind the fall in lung cancer deaths is due to a reduction of tobacco use, which is the leading risk factor for the disease.Research advancements have also played a crucial role in improving lung cancer survival through early detection and more precise and effective treatments with fewer harmful side effects, the report found.“This finding really highlights the progress that has been made in reducing lung cancer incidence through commercial tobacco control and prevention efforts,” Jennifer Gillis, senior manager of surveillance for the CCS, told Global News.“It really highlights the progress that has been made to advance early detection and treatments, to improve outcomes and quality of life for people affected by lung cancer.”In 2023, it is estimated that 239,100 Canadians will be diagnosed with cancer and 86,700 will die from the disease, according to CCS. Lung, breast, prostate and colorectal cancer make up for almost half of all new cancer diagnoses.Lung cancer is the leading cause of cancer death, responsible for about one in four cancer fatalities among Canadians.

NEW DELHI/WASHINGTON : US Secretary of State Antony Blinken and Defense Secretary Lloyd Austin will hold talks with India this week that officials say will focus on security challenges in the Indo-Pacific and concerns over China, rather than the wars in Gaza and Ukraine. The talks in New Delhi on Friday with India's foreign minister Subrahmanyam Jaishankar and defence minister Rajnath Singh are part of the so-called "2 2 Dialogue", launched in 2018 to boost defence cooperation and align policy objectives in the Indo-Pacific region.

By Nivedita Balu

Origin Energy’s biggest shareholder, AustralianSuper, has been described as “the worst climate blocker since Clive Palmer” after the fund resolved to reject a near-$20 billion takeover bid for the electricity and gas supplier.

A B.C. woman who returned home from Syria last year was part of the all-female battalion of the Islamic State, according to RCMP allegations unsealed on Tuesday.

Royal Bank of Canada report.The RBC analysis of the October resale market argues higher interest rates have the fall housing market “stuck in a low gear.”Inventories are still growing, but not at the pace seen for the past few months in Toronto, Vancouver and the Fraser Valley. Buyers are still finding they have more options to choose from, leading to a “rebalancing of market conditions.”Those buyers who are able to qualify for a mortgage amid higher interest rates have been able to extract lower prices in some Ontario, Quebec and British Columbian markets, according to the report from RBC’s Robert Hogue and Rachel Battaglia.Toronto, Montreal, Vancouver and the Fraser Valley all saw price declines month-to-month in October.Toronto’s October was the quietest in nearly 25 years, the report said, with buyers taking the “upper hand” in negotiations.

BioWare to celebrate the Mass Effect series, as they have a new game in development. While no new artwork or trailer was released this year, there was a message from Mike Gamble, the director and executive producer of the Mass Effect franchise.

Last Thursday, the House of Commons finance committee called on Finance Minister Chrystia Freeland to scrap the proposed merger between Royal Bank of Canada and HSBC Bank Canada. Led by Conservative MPs, who echoed media interviews given by Conservative leader Pierre Poilievre, the report from the 12-person committee dismissed the due diligence process used to assess proposed bank mergers.

Rogers Communications Inc. in unveiling a new mobile plan for low-income Canadians that it says will make 5G wireless services more accessible for eligible customers, one of several undertakings the company agreed to when it received the federal government’s approval for its acquisition of Shaw Communications Inc. earlier this year.

BCE Inc., Canada’s largest telecommunications company, said it will chop capital spending by $1 billion after a regulator ordered the country’s major phone providers to open up their broadband networks to smaller rivals at prescribed rates.

A chill has settled over Canada’s housing market and the big fear of any downturn is that heavily indebted homeowners will be forced to sell, fuelling a downward spiral.

Canada’s main stock index was down 150 points in early-afternoon trading with losses led by the energy sector as the price of oil dropped below US$80 per barrel.

El Nino, U.S. forecasters say — if past years are any indication.Officials at the U.S.

WeWork filing for bankruptcy protection in the US, WeWork India – a joint venture by real estate firm Embassy Group alongside the global brand – clarified that it is a separate entity. The Chapter 11 filing will not impact WeWork India’s members and stakeholders, the company said in a statement on Tuesday, adding that it will continue to operate and serve members, landlords and partners as usual.

WeWork India, the Indian arm of global co-working space firm WeWork Inc, on November 6 said it is a “profitable" and “separate entity" whose operations would not be affected by the parent group's bankruptcy filing. The clarification came hours after WeWork Inc filed for Chapter 11 bankruptcy in New Jersey and listed nearly $19 billion in debt. WeWork India, in a statement, said it “operates independently of WeWork Global, and our operations will not be affected in any manner".

Starbucks is increasing pay and benefits for most U.S. hourly workers after ending its fiscal year with record sales