Canada Financial News

“We are hoping that 2024 will be a breakout year for India in terms of flows with more tailwinds than headwinds,” says Harendra Kumar, Managing Director, Elara Securities India. In an interview with ETMarkets, Kumar said: “There is always some tactical money that finds its way in/out of India during some macro headwinds. There is more money waiting to come in, than to go out” Edited excerpts: After hitting 20,200 on the Nifty50, the market is going through some healthy consolidation. In terms of global overhang, we have the US Fed outlook, a rise in Dollar index, crude, and recent Canada comments. Have we made a top? The Nifty was around 18500 in Oct 2021, and it has taken us two years to reclaim the top — so it is hardly a euphoric event, except that it is a headline moment.

India-Canada diplomatic standoff regarding the killing of Khalistani terrorist Hardeep Singh Nijjar didn’t come up during last week's meeting between External Affairs Minister S Jaishankar and Secretary of State Antony Blinken. While answering on India Canada diplomatic row, Miller said, “That was not a bilateral meeting. It was a meeting of a number of countries.

AFP, the incident occurred during Ukrainian President Volodymyr Zelensky's visit, causing significant disruption in Canada, leading to the resignation of the parliament's speaker, and creating diplomatic tensions. "I would like to present unreserved apologies for what took place on Friday and to President Zelensky and the Ukrainian delegation for the position they were put in, for all of us who were present," Trudeau told lawmakers.

PTI citing sources. According to PTI, they are offering sponsorship for their visas, but their primary intention is to manipulate these individuals into advancing their Khalistan-related goals within the Canadian territory.

US State Department on Wednesday informed that the India-Canada diplomatic standoff regarding the killing of Khalistan terrorist Hardeep Singh Nijjar didn't come up during last week's meeting between External Affairs Minister S Jaishankar and Secretary of State Antony Blinken. Jaishankar had met his US counterpart Blinken in New York on the sidelines of the United Nations General Assembly (UNGA) session. Australian Foreign Minister Penny Wong and Japanese Foreign Minister Yoko Kamikawa were also present at the Quad meeting. «That was not a bilateral meeting.

Indian-American businessman in New York, Sant Singh Chatwal said that more than 99 per cent of the Sikhs love India, and there is a very small number who support Khalistan, adding that those extremist elements who are talking about the issue have never ever been to Punjab. Speaking to ANI, Chatwal said, «There's hardly anybody who's supporting Khalistan...There's some sort of big miscommunication going on...We all Sikhs, everybody, more than 99 per cent, we love India. India is our country...Nobody's interested in Khalistan.» «I am very clear that there are very, very less people over here (supporting Khalistan). I don't know who's funding them, they have never been to Punjab. I am proud to be a Sikh. I am in this country for more than 50 years,» he added. He also praised the leadership of Prime Minister Narendra Modi and said that the Sikhs are proud of what he has done for the community. «India under the leadership of PM Modi has done a great job. He opened the Kartarpur Corridor for Sikhs. He has done a lot for the Sikhs,» said Chatwal.

Justin Trudeau apologised Wednesday for Parliament's recognition of a man who fought alongside the Nazis during last week's address by Ukraine President Volodymyr Zelenskyy. Trudeau said the speaker of the House of Commons, who resigned Tuesday, was «solely responsible» for the invitation and recognition of the man but said it was a mistake that has deeply embarrassed Parliament and Canada.

Cryptocurrency exchange Kraken reportedly plans to offer users trading services for stocks listed in the United States and exchange-traded funds, or ETFs.

Brian Armstrong, CEO of major United States-based cryptocurrency exchange Coinbase, has condemned the decision of JPMorgan’s subsidiary Chase UK to restrict crypto-related transactions.

NATO summit in 2019 when Mr Trump asked jeeringly: “Where are you at? What is your number?" Mr Trudeau had more friends at that summit than Mr Trump. But since the Russian invasion of Ukraine, Canada’s position as a penny-pinching outlier has become more embarrassing for the country. The statement of Jens Stoltenberg, NATO’s secretary-general, before the NATO summit in Vilnius this month that spending 2% of national GDP on defence was no longer to be regarded as the “the ceiling" but “the floor" could have been designed to cause blushes in Ottawa.

India's diplomatic relations, noted Pakistani author Ayesha Siddiqa suggests that the ongoing tensions with Canada over the Khalistani issue could be akin to India's «Israel moment.» Siddiqa's insights, shared in an article published on the UK-based website The Middle East Eye, shed light on the current state of affairs between the two nations. India's response to Canada's accusations of New Delhi's involvement in the murder of a Khalistani extremist on Canadian soil appears to be one of relative composure. Prime Minister Justin Trudeau's allegations, although serious, have not rattled India to an excessive degree.

Nijjar at a gurdwara in Surrey in June can have far-reaching implications for ties between the two countries. Many think Trudeau has thrown Canada's national interest under the bus for narrow political gains.

Also read: Nijjar killing row: ‘Canada has seen a lot of organized crime’, says Jaishankar She added, "We are also requesting a briefing on whether there are similar operations in the United States". Following Omar's remark MP Chaturvedi urged India's foreign ministry to start an enquiry into how an elected representative in the USA is interfering in the peace of Jammu & Kashmir via a Pakistan-funded PoK visit. Omar reportedly visited to Pakistan-occupied part of the disputed region of Kashmir or PoK in 2022.

The Royal Canadian Air Force (RCAF) says it’s investigating an “inappropriate and unapproved” call sign that was broadcast by a military pilot in the United Kingdom on Monday.

Federal NDP Leader Jagmeet Singh says he received an intelligence briefing about allegations that the Indian government could be behind the killing of a Sikh leader in British Columbia, Hardeep Singh Nijjar.

Canada on June 18, according to video footage reviewed by The Washington Post. The Sikh community members, who were allegedly present in the vicinity of the attack, informed that two of the attackers fired around 50 bullets. Of these, 34 hit Hardeep Singh Nijjar, the report said.

₹10,000 crore as US bonds, with their rising yields, have become a more lucrative option. Between April and August, foreign investors had pumped money in segments such as auto, construction, and consumer durables. But with the sudden withdrawal, auto, metals and mining, and fast-moving consumer goods segments have been the quickest to fall out of favour.

Khalistani terrorist Hardeep Singh Nijjar’s killing. “I am not part of The Five Eyes", the minister said during the ‘Discussion at Council on Foreign Relations' in New York. He was asked about the reports citing the role of the Five Eyes group regarding the intelligence behind the killing of Hardeep Singh Nijjar, and reports of the FBI warning US Sikh leaders about “credible threats" to them, ANI reported.

Here’s some of the charts looking at what’s at stake: Indians make up nearly a fifth of immigrants to Canada, the highest share from a single place of birth since 1971, according to government data. However, remittances from Canada were less than 1% of the total flowing into India and this is in part due to immigrants permanently settling down in Canada and bringing over their families. Immigration accounts for 90% of Canada’s labor force growth as there is fast-aging working population.

A proposed early-stage trade deal is in jeopardy, potentially hurting India’s efforts to woo the West and serve as a supply-chain alternative to China. India’s access to Canadian potash, a key nutrient for crops, may get affected. Indian students may start avoiding Canada for higher education after New Delhi issued a safety advisory on the country for “anti-India” activities.

S Jaishankar on Tuesday (local time) said that he is not a part of the intelligence group when asked for comment on the reported sharing of intelligence between Five Eyes countries on Hardeep Singh Nijjar's killing. He was asked about the reports citing the role of the Five Eyes group regarding the intelligence behind the killing of Khalistseparatist leader Hardeep Singh Nijjar, and reports of the FBI warning US Sikh leaders about «credible threats» to them. Responding to the question during the 'Discussion at Council on Foreign Relations' in New York, Jaishankar said, «I am not part of The Five Eyes, I am certainly not part of the FBI.