Canada Financial News

By Clara Denina, Divya Rajagopal and Julian Luk

Joly held a «secret meeting» with her Indian counterpart S Jaishankar in Washington last month, a media report has said, amid a diplomatic row between the two countries over the killing of a Sikh separatist leader in June. The report by the Financial Times on Tuesday came even as Canada is yet to comply with India's communication to Ottawa to withdraw over three dozen of its 62 diplomats in the country. The Ministry of External Affairs declined to comment when asked about the reported meeting.

Canada is set to welcome 11,000 migrants from Colombia, Haiti and Venezuela this fall, immigration minister Marc Miller said.

Cryptocurrency exchange Bitstamp hopes to return to Canada after halting operations early next year, according to Bitstamp USA CEO and global chief commercial officer Bobby Zagotta.

'CFA Institute is seeking to build a more representative and resilient industry, and we recognise that far more needs to be done across all aspects of DEI.'

The Financial Times reported citing sources. As per the report by FT, in the previous week, Trudeau and Joly said that Ottawa was attempting to address the dispute behind closed doors.

imports of arhar/tur from Africa and masoor from Canada, and the government’s strict action on stock limits and aggressive selling of chana, along with reduced consumer demand amid high prices, have brought down prices of pulses by about 4% in one month. Wholesale price of tur/arhar dal, the most expensive dal in the market, has declined by 4% in the past one month due to the stock limit imposed by the central government on traders and processors, trade body Indian Pulses and Grains Association (IPGA) said in a report. Price of chana dal, which is currently the cheapest dal available in the market, has declined by 4% in one month while masoor price has softened by more than 2% due to rising imports and reduced demand.

space sector to cut dependence on imports and manufacture space services-related equipment locally, as is the case with the telecom sector, the minister of state for communications, Devusinh Chauhan, said. “India’s telecom sector had huge reliance on imports, but...the country is now manufacturing telecom products (locally) and preparing for the next-generation of telecom technology…,” Chauhan said at an industry event on Tuesday. “Space will also have (an indigenous) technology like this.” The minister called on industry and stakeholders to explore additional futuristic technologies that could be “worked upon” in the telecom and satellite sectors. Tata-backed Nelco, though, warned that the very survival of satellite players in India would be at stake if satellite spectrum is not priced right by the government. The company reiterated the call for satellite spectrum allotment via the administrative route, as is the global practice. “Spectrum is the satellite industry’s lifeline…unless that is really (at) the right price, it will be impossible for the industry to survive,” Nelco managing director PJ Nath said at the event.

TORONTO — Chartered Professional Accountants in Quebec and Ontario are still looking for answers about how the decision for their provincial oversight bodies to split from CPA Canada was made and what it means for the future of their profession.

Canada’s top-end personal income tax rates are too high and they must come down, but there are many other tools that governments have to tax you in ways that chip away at your ability to minimize taxation.

A group of leaders in the agriculture and food industries is launching a national alliance to work toward achieving net zero in Canada’s agri-food sector by 2050.

By Nivedita Balu

By David Shepardson

A proposed class action lawsuit has been filed against Toronto-Dominion Bank alleging that more than 1,000 TD mobile mortgage specialists across Canada did not receive their proper vacation and holiday pay.

Lower interest rates might be the only thing that could revive Canada’s housing market as supply outpaces demand in the country’s largest real estate markets, experts say.

Rising interest rates have been putting increased pressure on variable-rate mortgage borrowers, in some cases pushing out their amortization periods by decades — at least on paper. But are people really being given 70, 80 or even 90 years to pay off their homes? The Financial Post’s Ian Vandaelle explains what you need to know about extended amortizations and how rising interest rates are affecting mortgages.

More headwinds are barrelling down on Canada’s housing market.

The Alberta government has released a consultant’s report that includes a $334-billion estimate of the asset transfer from the Canada Pension Plan (CPP) fund to a new fund to be established for a stand-alone Alberta pension plan.

Auto workers have launched strikes at three General Motors facilities in Canada

By Shivansh Tiwary and Jyoti Narayan

Energy Minister Chris Bowen has called on the Coalition to disclose cost estimates for replacing coal-fired power stations with nuclear power, claiming the opposition had been dishonest in suggesting it could be cheaper than renewables.