Canada Financial News
04.11 / 15:51
Instagram
country
social
reports
Israel-Hamas war: Justin Trudeau almost says ceasefire but backtracks, internet calls out ‘Freudian slip’. Video
Canada's Justin Trudeau booed during mosque visit in Toronto | Watch video The clip was also widely shared on Instagram, where some of the users said Trudeau should act more “courageously" and appeal for a ceasefire. “What the h— is a 'humanitarian pause'?! You take a quick break to stop killing people and start again when you feel like it?" a person commented.
04.11 / 15:51
Provident
Nov
shootings
country
social
2020
travelers
Khalistan extremist Gurpatwant Singh Pannun warns in new threat video: 'Don't fly by Air India on Nov 19'
Livemint.com couldn't independently verify the video. Pannun is one of the founders of the US-based separatist group Sikhs for Justice (SFJ) and actively lobbies for a separate state for Sikhs, which they call Khalistan, in the US, Canada and the UK. "We are asking Sikh people not to fly via Air India on November 19.
04.11 / 15:07
More staff cuts to come for Canadian banks
Nigel D’Souza, senior investment analyst at Veritas Investment Research, talks with Financial Post’s Larysa Harapyn about the headwinds Canada’s big banks are facing — many of which D’Souza says are out of their control — and why more workforce cuts are likely to come.
04.11 / 14:15
FIVE
Action
Bill
testing
prevention
China blasts 'malicious' Canada air patrol after latest intercept
South China Sea, after Ottawa rebuked Beijing for what it described as a second risky midair intercept in two weeks. Canada's Defence Minister Bill Blair said Friday that a Chinese fighter jet twice flew close to a Canadian Cyclone helicopter over the Paracel Islands on October 29, firing flares «directly in front» of the craft on the second flyby. The jet's actions «were deemed to be significantly unsafe», Blair said of the incident, which followed a similar near-miss over another disputed waterway near China in mid-October. Beijing hit back at Blair's claims on Saturday, with a defence ministry spokesperson saying the Canadian helicopter conducted «a malicious and provocative act with ulterior motives». «Recently, ship-borne helicopters on Canada's HMCS Ottawa made two sorties towards the airspace around China's Xisha Islands, with unknown intentions,» Zhang Xiaogang said in an online statement, using the Chinese name for the Paracels. «China's People's Liberation Army organised naval and air forces to identify and verify (the craft) in accordance with the law, and issued multiple warnings,» Zhang said. «However, the Canadian helicopter not only refused to respond, but also took provocative actions such as flying at ultra-low altitudes,» he added. «Afterwards, (Canada) wantonly hyped the event and made accusations and smears against China in the media,» Zhang claimed. «Canada's actions violated China's domestic laws and international law, endangered China's sovereignty and security,» he said. «We urge the Canadian side… to strictly curb the actions of frontline sea and air forces to prevent accidents at sea and in the air.» The HMCS Ottawa was transiting the South China Sea as part of attempts by the United
04.11 / 07:41
Twitter
awards
Nov
Cree
reports
Mary Ellen Turpel-Lafond removed from Order of Canada at own request
Mary Ellen Turpel-Lafond has been removed from the ranks of Canadians holding the country’s top honour.In a notice posted to the Nov. 4 edition of the Canada Gazette, the federal government said Turpel-Lafond’s appointment to the Order of Canada was terminated “at her individual request.”The termination was signed on Sept.
04.11 / 06:55
Citi
Manufacturing
CEO
Metro
reports
Small cities rival metros in candidates heading abroad
₹3 crore were disbursed in each of the top 20 cities in FY22. In the first six months of this fiscal, more than 50 cities have already met that mark," said Ankit Mehra, co-founder and CEO of NBFC GyanDhan." The founder noted that the loan ticket may be marginally smaller because often the counsellors have access to smaller universities abroad.
04.11 / 05:33
Provident
Target
Extreme
Healthcare
track
country
cover
Canada needs more immigrants to solve a problem caused by immigrants
Canada is required by law to release immigration targets for how many permanent residents it aims to welcome to the country by November 1 each year (there is an exception for election years). The latest release continues the trend of outlining the numbers of permanent residents projected over the next three years allocated according to 4 broad categories with sub-targets for each: economic, family, refugee and humanitarian. The overall target for 2024 and 2025 will remain as indicated in last year’s 3 year levels plan: 485,000, then 500,000. However, the target will not increase for 2026 but will remain flat at 500,000. Think you check all the immigration boxes? Find out It is important to note that these targets do not relate strictly to newcomers. The Immigration Minister noted that 35% of the next year’s permanent residents are already in Canada. Thus, while there is a housing crisis in Canada, 35% of 485,000 targeted for next year are already being housed. Also, the targets relate only to permanent residents and do not cover the 2.2 million people in Canada who are visiting, studying or working in temporary status. There are no caps on visitors, workers or students and Canada is on track to bring in 900,000 international students alone next year. While the Immigration Minister has been quite clear that newcomers are needed to address labour shortages, he also seems to be recognizing that public support for immigration has plummeted given many have been blaming newcomers for the housing shortage. This is unfortunate given governments have long failed to address housing issues before the more recent increases in temporary and permanent residents.
04.11 / 02:11
Manufacturing
Strategy
economy
Remark
President
country
Latin
Biden to host summit that focuses on supply chains, migration, new investment
President Joe Biden on Friday welcomed leaders from countries across the Americas to an economic summit by pledging to increase U.S. investment in the region in part to counter China’s influence
04.11 / 01:05
Target
Progressive
Career
economy
concert
consequences
shock
Bank of Canada's Carolyn Rogers urges 'close look' at negative-amortization mortgages
Canadian banks and regulators should take a hard look at mortgages that have allowed some households to run up large amounts of long-term debt as interest rates went up, the Bank of Canada’s no. 2 official said.
03.11 / 21:41
03.11 / 21:31
Twitter
Airlines
love
country
social
stars
prevention
‘Young and the Restless’ star Eric Braeden lays into ‘dismal’ Air Canada
The Young and the Restless star Eric Braeden had some choice words for Air Canada, ripping into the airline over social media about his son’s recent “dismal” flying experience.
03.11 / 19:53
Dreams
McDonald’s
President
Fulton
country
reports
Q3
Costs
Tim Hortons’ parent posts $364M profit in Q3 even as costs rise
Long associated with morning coffee runs and breakfast, Tim Hortons is setting its sights on dominating the second half of the day too.
03.11 / 19:33
Action
Experts
country
rock
testing
recommendations
ventilators
‘I didn’t think it would be in my house’: Lung cancer survivor warns of radon risks
lung cancer at small percentages, but I didn’t think it was a problem for me and I didn’t think it would be in my house.”He then ordered a radon detector and measured the levels of the gas in his Kelowna home. He found that radon levels were spiking in parts of his house, particularly in the basement where his son played Lego, he said.“I knew right then that this is probably the main cause of my lung cancer,” said Khoo, adding that he is thankful doctors were able to find the cancer so early, as he didn’t have any symptoms.“The radon detector was the most important $300 I spent in my life,” he said.
03.11 / 19:07
FIVE
Action
Strategy
Bill
reports
prevention
Chinese jets intercept, fire flares near Canadian helicopter in ‘significantly unsafe’ moves
Canada’s Defence Minister Bill Blair says that two dangerous intercepts took place involving Chinese fighter jets and a Canadian Cyclone helicopter on Oct. 29, including flares deployed in the path of the helicopter.
03.11 / 16:11
Target
CEO
Platform
Enbridge
Pipeline operator Enbridge beats profit targets on higher transport volumes
(Reuters) -Pipeline operator Enbridge (NYSE:ENB) on Friday beat third-quarter profit estimates, benefiting from transporting higher volumes of oil and other liquids.
03.11 / 14:45
funds
Canada Life AM shutters Global Infrastructure and Global Equity Income funds
As of the date of the closure, Global Infrastructure held less than £850,000 in assets, while Global Equity Income held £2.1m.
03.11 / 14:45
UK
companies
funds
Unit trusts/OEICs
ETFs
Jupiter
Pridham Report: BlackRock remains on top even as net sales sag 40%
BlackRock’s best seller throughout the quarter was the iShares North American Equity Index, which attracted record inflows from retail investors.
03.11 / 14:31
Citi
Waves
FIVE
economy
show
country
2020
Posthaste: Here's how much mortgage pain is coming down the pipe for Canadians
Bank of Canada governor Tiff Macklem told Senators this week that part of the reason the central bank held rates in October was because of the effect the coming wave of mortgage renewals is expected to have on the economy.
03.11 / 14:31
Provident
Target
economy
Nov
CIBC
country
Plateauing Canada's immigration levels 'step in the right direction,' say economists
Prime Minister Justin Trudeau’s government’s decision to not increase its immigration targets this week is being described as a step in the right direction by economists, but they’re urging Ottawa to provide more insight on how they plan to deal with the steep rise in the number of temporary residents.
03.11 / 14:03
Manufacturing
economy
country
information
reports
Canada’s job market is ‘softening’. What that could mean for interest rates
unemployment rate ticked up to 5.7 per cent in October, up from 5.5 per cent in September. The country added 18,000 jobs in the month, less than the 64,000 positions added in September.Full-time employment fell by 3,300 positions in October, with 20,800 jobs gained in part-time work.Construction and the information, culture and recreation sectors saw gains in October, but that was offset by dropoffs in manufacturing and wholesale and retail trade.Average hourly wages were up 4.8 per cent annually, down slightly from the month before.October marks the fourth time in six months the unemployment rate has risen in Canada, despite employers largely expanding their payrolls since the start of the year.
03.11 / 13:53
EVA
Yellow
awards
film
Oscar
performer
song
'Perfect Days' wins Best Film at Asia Pacific Screen Awards. Here is complete list
Asia Pacific Screen Awards on Friday. Gold Coast, Queensland, Australia hosted the 16th edition of the APSA Awards.“Perfect Days,” narrates the life of a toilet cleaner in Tokyo as he finds happiness in everyday life. The film was premiered in Cannes. It was selected as Japan’s Oscar contender and as the opening title of the Tokyo International Film Festival.
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