Canada Financial News

Bank of Canada official Nicolas Vincent has warned there could still be significant hurdles when it comes to getting inflation back to the central bank’s target of two per cent.

Bank of Canada deputy governor Nicolas Vincent says businesses are still raising their prices more frequently and by larger amounts than they did before the pandemic, which is contributing to higher-than-expected inflation.

With the cost of living running high, raising children is not cheap in Canada.

Trevor Tombe, professor of economics at University of Calgary, talks with Financial Post’s Larysa Harapyn about what Alberta’s Canada Pension Plan exit would mean to Canada. He discusses how it would impact other provinces, federal services and more.

By Tammy Nemeth

Looks like there’s trouble in condo land.

A Federal Court judge on Sept. 25 allowed a class-action lawsuit alleging home sellers in the Toronto area have been forced to pay artificially inflated commissions for years. The lawsuit alleges major brokers and real estate organizations in Toronto implemented rules that essentially stifled competition for buyer brokerage services, leading to higher prices. But what exactly is buyer brokerage and what is its role in the potentially landmark lawsuit? The Financial Post’s Shantaé Campbell explains.

At least $1 trillion in investment is needed to achieve housing affordability in Canada, and the private sector has a key role to play, according to a new study by Canada Mortgage and Housing Corp.

India Today. Earlier on 29 September, the Indian High Commissioner to the UK had to leave the gurdwara, situated in the Albert Drive area of Glasgow, after he was denied entry.

NEW DELHI (Reuters) — India has asked Canada to reduce its diplomatic staff in the country by more than half, the Financial Times reported on Tuesday, with ties fraying after Canadian Prime Minister Justin Trudeau publicly levelled suspicions that Indian agents were involved in the killing of a Sikh separatist leader in Canada.

The Canadian startup Tenstorrent, which builds artificial intelligence (AI) processors among other things, revealed a new partnership with Samsung’s chip manufacturing department.

Champions League away game of the season, as Mikel Arteta's side travels to Lens on October 3. After a stellar 4-0 home victory against Dutch giants PSV Eindhoven last month, the Gunners aim to continue their impressive form in Europe's premier club competition. However, the busy match schedule poses a challenge for Arteta, as he strives to maintain a balanced squad for various competitions. Here's what you need to know ahead of this crucial match. Kickoff Time and Viewing Information The Lens vs. Arsenal clash will take place at the Stade Bollaert-Delelis in Lens, France, and is scheduled to kick off on Tuesday, October 3, at 9:00 p.m. local time. For viewers around the world, here are the corresponding kickoff times:

Canada has scrapped the mandatory need for Express Entry PR applicants to provide medical examination results. Instead, applicants are advised to await instructions before proceeding with a medical examination. Once notified, applicants will have 30 days to complete the medical examination. If you have already completed an IME as part of a previous application (for example, to work or study) and are currently living in Canada, you may not need to complete another one when you apply for permanent residence, the IRCC has said. If you completed an IME within 5 years of submitting your new application, include the IME number (or the unique medical identifier number) from your previous exam in your current application. You may be exempt from completing another IME if you meet all of these conditions

cost of living, six provinces raised the minimum wage over the weekend. However, advocates who have been calling for these increases say it may not be enough to ease pressure on working-class Canadians.The largest increase comes in Manitoba, where the minimum wage increased from $14.15 to $15.30 on Sunday.

Promises of money today create expectations of more money tomorrow As in the 1990s, government attempts to boost their chip industries are running into trouble. Morris Chang, the founder of tsmc, a big Taiwanese producer, told Nancy Pelosi, a senior Democrat, that American efforts to rebuild chip manufacturing at home were doomed. The firm says that production at its first plant in Arizona will be delayed until 2025 due to a shortage of specialist workers.

The number of babies born in Canada dropped to a 17-year-low last year amid the COVID-19 pandemic and a declining fertility rate, data shows.

Eating disorders requiring hospital care increased “significantly” among children and teenagers in Canada during the COVID-19 pandemic, according to new research.

This marks an escalation in the crisis that erupted after Canada's Prime Minister Justin Trudeau said India has hands in the murder of Hardeep Singh Nijjar, who was a designated terrorist in India and Khalistani activist. This was followed by both countries expelling a senior diplomat in a tit-for-tat move. New Delhi has told Ottawa that it must repatriate roughly 40 diplomats by October 10, FT reported citing people familiar with the demand.

Financial Times. People familiar with the matter informed FT that Ottawa has been told by New Delhi that it must repatriate around 40 diplomats by October 10. (This is a developing story. More details are awaited.)"Exciting news! Mint is now on WhatsApp Channels

Khalistani terrorist Hardeep Singh Nijjar, a US State Department official said on Monday. Secretary of State Tony Blinken raised the issue during his meeting with External Affairs Minister S Jaishankar here last week. Addressing a daily news conference, State Department spokesperson Mathew Miller said, “As he made clear then, I’ll reiterate now, we remain in close coordination with our Canadian colleagues on this question." “We have engaged with the Indian government on a number of occasions to urge them to cooperate with Canada’s investigation.

Hardeep Singh Nijjar. «We remain in close coordination with our Canadian colleagues on this question,» US State Department spokesperson Matthew Miller said while responding to a question related to Nijjar's killing in Canada. Miller's remarks came during a daily press briefing on Monday (US local time). Canadian Prime Minister Justin Trudeau recently alleged that the Indian government was behind the fatal shooting of Nijjar. Nijjar, who was a designated terrorist in India, was gunned down outside a Gurdwara, in a parking area in Canada's Surrey, British Columbia on June 18. Trudeau, during a debate in the Canadian Parliament, claimed his country's national security officials had reasons to believe that «agents of the Indian government» carried out the killing of the Canadian citizen, who also served as the president of Surrey's Guru Nanak Sikh Gurdwara. However, India has outrightly rejected the claims, calling it 'absurd' and 'motivated'. Notably, Canada has yet to provide any public evidence to support the claim about the killing of Hardeep Singh Nijjar. Miller said the US has engaged with the Indian government on a number of occasions to urge them to cooperate with Canada's investigation. He said US State Secretary Antony Blinken had an opportunity to discuss the issue with Foreign Minister S Jaishankar during their meeting on Friday. Meanwhile, Trudeau has said that Ottawa wants to «work constructively with India» regarding the allegations. While addressing a joint press conference with Ukrainian President Volodymyr Zelenskyy, Trudeau said, «In regards to India, Canada has shared the credible allegations that I talked about on Monday. With India, we did that many weeks ago.