Canada Financial News

Bank of Nova Scotia’s Dan Rees, who runs the domestic retail banking business, is leaving along with investment banking chief James Neate and chief technology officer Shawn Rose.

The Joint Chiefs of Global Tax Enforcement (J5), a global anti-tax fraud group, hosted investigators, cryptocurrency experts and data scientists in “The Cyber Challenge” event to track down individuals and organizations committing tax fraud.

The Canada Energy Regulator (CER) on Thursday ordered the Trans Mountain oil pipeline expansion project to stop work in a wetland area near Abbotsford, British Columbia, after inspectors found several environmental and safety-related non-compliances.The order is the latest hold-up for the Canadian government-owned project, which has been plagued by years of regulatory delay, environmental opposition and massive cost overruns.Some of the non-compliances include insufficient fencing to protect amphibians and unapproved vegetation clearing, the regulator said in a notice on its website.The CER issued an Inspection Officer Order to Trans Mountain ordering it to stop work in the wetland until the non-compliances are corrected, investigate their root cause and conduct a safety inspection to confirm the site is safe for work.Trans Mountain Corp, the Canadian government-owned corporation building the expansion project, said the order applies to a specific work area of about 800 meters.“Trans Mountain is working hard to correct all non-compliances and to prevent reoccurrence,” the company said in a statement, adding it “will seek to have the restrictions under the order lifted as soon as appropriate and according to the law.”Work on the oil pipeline expansion project is more than 95 per cent complete, Trans Mountain said.The 590,000 barrel-per-day expansion will nearly triple capacity on the existing pipeline running from Alberta to Canada’s Pacific Coast. It is due to start operating early next year and will open up markets in Asia and on the U.S.

Times of India reported citing US Customs and Border Protection (UCBP) data. In 2019-20, 19,883 Indians were apprehended, the report added. As many as 30,010 were caught on the Canada border and 41,770 at the frontier with Mexico between October 2022 and September 2023.

The NDP will be supporting a Conservative motion to pause the federal carbon price on all forms of home heating.

Canada’s Shopify returned to a profit in the third quarter, driven by strict cost controls and adoption of artificial intelligence to attract more merchants to its services.

This article is part of Global News’ Home School series, which gives Canadians the basics they need to know about the housing market that they never learned in school.

Canada is on track to spend slightly more on health care in 2023 than last year, but overall trends show spending will continue to slow following the COVID-19 pandemic, a new report by the Canadian Institute for Health Information (CIHI) shows.

The House of Commons finance committee has asked Ottawa to reject Royal Bank of Canada’s $13.5 billion acquisition of HSBC’s domestic unit, citing the lack of competition in Canada’s financial sector.

Royal Bank of Canada is seeking to settle Ontario Securities Commission allegations that the bank did not properly record or disclose costs related to internal development of software.

Housing affordability in Canada was dealt a major blow in the third quarter as surging prices wiped out most of the gains made earlier in the year, according to the National Bank of Canada‘s latest housing affordability monitor.

By Nia Williams and Ismail Shakil

So what’s up with the Canadian dollar?

Toronto’s home prices fell at the fastest pace in more than a year as the high interest rates that have pressured the market show little sign of easing.

Canadians anxious for lower interest rates, especially those looking to renegotiate their mortgages in the near future, will likely have to wait until the middle of next year for the Bank of Canada to start to cut, CIBC economist Benjamin Tal believes.

Cedar Fair and Six Flags are merging, creating an expansive amusement park operator with operations spread across 17 U.S. states and three countries

Three new dates for Taylor Swift’s Eras tour have been added to Ticketmaster, showing the popstar will be coming to Vancouver.

Love Actually" will be re-released with a brand-new 4K restoration in theatres in several countries. For viewers in the US, the film will be released on home video and digitally. The iconic film, produced by Working Title and featuring an ensemble cast including Emma Thompson, Hugh Grant, Chiwetel Ejiofor, Keira Knightley, Colin Firth, Bill Nighy, and Liam Neeson, will also see its release on home video and digital platforms in the United States and France. Originally unveiled during the 2003 holiday season, «Love Actually» quickly captured the hearts of audiences worldwide and, over the two decades since its premiere, has become a cherished and enduring modern Christmas classic.

(Reuters) -Canada's Shopify (NYSE:SHOP) returned to a profit in the third quarter, driven by strict cost controls and adoption of artificial intelligence to attract more merchants to its services, sending its U.S. shares 18% higher before the bell.

Six Flags and Cedar Fair, two of the largest amusement park companies in the United States and Canada, are merging to combine forces in a transaction valued at $8 billion. The firms, collectively, have influence over 27 theme parks and 15 water parks in the United States of America, Canada, and Mexico. Both Six Flags and Cedar Fair are located in separate regions of North America; therefore, a unified firm could assist them in better managing seasonal attendance fluctuations at their theme parks. Cedar Fair also owns Knott's Berry Farm in Buena Park, California; Schlitterbahn water park in Texas; and Canada's Wonderland in Ontario, in addition to Cedar Point, which is located in Sandusky, Ohio and serves as the company's main amusement park.

(Reuters) -Canada's Bombardier (OTC:BDRBF) reported third-quarter results on Thursday that beat analysts' estimates, helped by robust demand for pricier business jets and strength in its aftermarket business.