Canada Financial News

(Reuters) — WeWork, the SoftBank (TYO:9984) Group-backed startup whose meteoric rise and fall reshaped the office sector globally, sought U.S. bankruptcy protection on Monday, after its bets on companies using more of its office-sharing space soured.

BEIJING (Reuters) — WeWork China will not participate in the strategic reorganisation of WeWork in the United States and Canada, it said on Tuesday.

Origin Energy’s North American suitors have secured support for their $20 billion takeover proposal from key proxy adviser Institutional Shareholder Services, which has told investors the deal offers a “reasonable” premium.

Netflix Canada will bid farewell to several movies and TV shows. Here is a list of what's leaving on different dates: December 1, 2023 12 Gifts of Christmas (2015) 2 Hearts (2020) 2012 (2009) 21 (2008) 30 Minutes or Less (2011) A Cinderella Story: Christmas Wish (2019) Baby Dolls (2019) Blitz (2011) Deck the Halls (2006) Donnie Brasco (1997) Doom (2005) The Five-Year Engagement (2012) High-End Yaariyan (2019) The Italian Job (2003) Jindua (2017) Kajillionaire (2020) Lakeeran (2016) Mahi NRI (2017) Mary (2019) Mr. Peabody & Sherman (2014) Nanny Mcphee and the Big Bang (2010) Qismat (2018) Queen & Slim (2019) Rainbow Time (2016) Redemption Day (2021) Sad Hill Unearthed (2017) Scary Stories to Tell in the Dark (2019) Spider-Man 3 (2007) Step Brothers (2008) Teefa in Trouble (2018) Thug Life (2017) Tyler Perry’s A Madea Christmas (2013) Tyler Perry’s Madea’s Big Happy Family (2011) Tyler Perry’s Why Did I Get Married Too? (2010) December 2, 2023 Fear (1996) For the Love of Spock (2016) The Guest (2018) Mean Girls (2004) Miraculous: Tales of Ladybug & Cat Noit (5 Seasons) Nanny McPhee (2005) The Perfect Man (2005) Santiago of the Seas (2020) Savages (2012) U-Turn (2020) December 3, 2023 Between Maybes (2019) Brother in Love (2019) Bygones Be Bygones (2017) Deliha 2 (2018) Kids on the Block (2019) Kill Me If You Dare (2019) Locked on You (2018) Love, Surreal and Odd (2017) Must Be… Love (2013) My Travel Buddy 2 (2018) Paul (2011) December 4, 2023 The Iron Giant (1999) Space Jam (1996) December 5, 2023 A Brother’s Love (2019) Hymn of Death (2018)

Japanese automaker, Toyota Motor Corp. (NYSE:TM) announced that they are recalling 1.9m RAV4 compact SUVs in the US due to a defect that could potentially lead to a fire.

Market watchers are not expecting any further interest rate hikes from the Bank of Canada in the current tightening cycle, according to a survey released Monday.

MPs are set to vote Monday on a motion by Conservative Leader Pierre Poilievre to have Ottawa extend its carbon price pause to all forms of home heating.

Diwali celebration at Parliament Hill which saw a great turnout of prominent members of the Indian diaspora from several Canadian cities like Ottawa, the Greater Toronto Area, and Montreal. Arya also raised a Hindu flag with the sacred symbol 'aum' on Parliament Hill, PTI reported.

Any year-end rally in stocks could prove short-lived because equities don’t fully reflect the outlook for rates remaining higher for longer, according to Jean Boivin, who heads the research arm at BlackRock Inc.

Frequent foreign travellers or those who are planning to undergo certain medical procedures abroad should opt for a health insurance policy in India that provides international coverage including for destinations like the US and Canada. These policies, offered by a few insurers, differ from regular travel insurance which includes medical coverage but may have limitations.

India-Canada row: The ties between India and Canada have been strained after Canadian Prime Minister Justin Trudeau in September alleged the involvement of "agents of the Indian government" in the killing of Khalistani terrorist Hardeep Singh Nijjar in June this year. India on the other hand has rejected the claims and called the allegations as "absurd and motivated." Since then Ottawa and New Delhi announced tit-for-tat expulsions of diplomats in the wake of Trudeau's allegation of Indian involvement in Nijjar's killing. India also temporarily suspended the issuance of visas to Canadian citizens and asked Ottawa to downsize its diplomatic presence in the country to ensure parity.

Veterinarians in Canada say they are experiencing extreme burnout and plummeting mental health due to staff shortages, a booming number of animal patients and the round-the-clock stress of the job.

HONG KONG—Leading Western brands in China are feeling the pinch from the country’s consumer slump. From luxury cosmetics firm Estée Lauder to apparel maker Canada Goose and iPhone seller Apple, companies are reporting weak results, with some saying customers aren’t reopening their wallets almost a year after Covid-related isolation ended. Estée Lauder shares sank 17% Wednesday, hitting the lowest levels in years, after the firm behind brands such as M.A.C and Clinique, cut its fiscal year outlook—in part because of a slower recovery of sales for high-end beauty products in mainland China.

Ahead of a looming vote on a Conservative motion to pause the federal carbon price on all forms of home heating, Alberta Liberal MP and Employment Minister Randy Boissonnault is defending the current policy – only pausing it for homes that use heating oil.

One in three Canadians say they are living in a household that is experiencing financial hardship, a new Statistics Canada report has found.

The Globe and Mail on Friday. This came after Canadian PM Justin Trudeau alleged the involvement of "agents of the Indian government" in the killing of Nijjar in June.

Canada, External Affairs Minister S Jaishankar said on Saturday as the ties between the two sides remained strained following Canadian Prime Minister Justin Trudeau's allegations of a «potential» involvement of Indian agents in the killing of a Khalistani separatist. The external affairs minister said both sides have been in touch and hoped that a way would be found to resolve the row. At the same time, he asserted that «sovereignty and sensitivity» cannot be one-way streets.

Canada, Sanjay Kumar Verma reiterated New Delhi's stand on the diplomatic standoff with Canada, and urged Ottawa to release evidence backing up its allegation regarding the killing of Khalistterrorist Hardeep Singh Nijjar. The Indian envoy made the remarks in an interview with the Canadian platform, The Globe and Mail on Friday. This came after Canadian Prime Minister Justin Trudeau alleged the involvement of «agents of the Indian government» in the killing of Nijjar in June. India had rejected the allegations as «absurd and motivated» and expelled a Canadian diplomat in a tit-for-tat move over Canada's decision. Verma stressed that India has not been shown concrete evidence by Canada or its allies about India's alleged involvement in Nijjar's killing. He further suggested that the continuing Canadian police probe into the killing had been «damaged» by PM Trudeau's public statements. «There is no specific or relevant information provided in this case for us to assist them in the investigation,» Verma said. «Where is the evidence? Where is the conclusion of the investigation? I would go a step further and say now the investigation has already been tainted.

(Reuters) — Canada's police probe into the June murder of a Sikh separatist in British Columbia has been damaged by a high-level Canadian official's public statements, India's High Commissioner to Canada, Sanjay Kumar Verma, told the Globe and Mail in an interview published on Saturday.

interest rates might stay higher for longer has weighed on returns this year, with investors finding few safe havens between stocks and bonds.Analysts who spoke to Global News say the uncertainty about rate hike paths for central banks around the world means some portfolios could still stand to lose some value, but there are still some opportunities out there for long-term investors.A TD Bank report released this week pointed to the rapid rise in interest rates from the Bank of Canada and its central bank counterparts globally as dragging down returns for investors in 2023.The report said that “swift adjustment” in interest rates has “stunted equity markets,” which sit more than 10 per cent below 2022 highs.“Interest rates have been affecting everything dramatically, and I don’t use that word lightly,” says Michael Currie, senior investment advisor with TD Wealth.“For 18 months now, they have such a huge effect on everything we look at, whether it’s real estate, stocks, bonds, you name it — right across the board.”Higher interest rates affect companies’ access to credit and weigh on consumer spending, so they’re generally seen as a negative for growth outlooks, Currie says.The Bank of Canada has increased its benchmark rate by 4.75 percentage points since March 2022, with the bulk of the tightening coming last year. In announcing its second consecutive rate hold on Oct.

Hindustan Times Editor-In-Chief R Sukumar, Jaishankar said, “I feel that there is room for diplomacy here. I know that my counterpart in Canada has also expressed that same position. So, we have been in touch.