Canada Financial News
23.09 / 03:09
Cooper
Citizens
Extreme
Assurant
Death
country
"Deeply concerned...critical that probe proceeds": Antony Blinken on India-Canada diplomatic row
Blinken on Friday (local time) said that Washington is «deeply concerned» about the allegations made by Canadian Prime Minister Justin Trudeau about the Indian government's involvement in the killing of Khalistterrorist Hardeep Singh Nijjar. He said that the US wants to see accountability and called it «important» that the investigation runs its course and leads to the result. While addressing a press conference in New York, Blinken said that the US has engaged directly with the Indian government. He said that the US is consulting «very closely» with Canada and coordinating on the issue.
23.09 / 01:51
Calgary
Sikh
Nijjar allegation: How mayors with large Sikh populations are reacting
Sikhs, the allegation of potential involvement by Indian agents in the murder of a prominent leader has brought anxiety and fear.On Monday Prime Minister Justin Trudeau said there is “credible” evidence that agents of the India government are potentially linked to the killing of a Sikh man and Canadian citizen, Hardeep Singh Nijjar, outside a temple, last June.The Indian government called the accusation “absurd,” and the fallout has since soured trade and diplomatic relations between the two countries.Nearly 772,000 Sikh people live in Canada, according to government data, making the country home to the second largest Sikh population outside of India. More than half live in just four cities – Brampton, Ont., Surrey, B.C., Calgary and Edmonton.The mayors’ responses to the allegations have ranged from urging the federal government to keep people safe to silence, at least publicly.More than 163,000 Sikh people live in the Brampton, according to 2021 Statistics Canada census data.
23.09 / 00:55
Pensions
Alberta politics
NDP promises to axe proposed plan to quit CPP if it wins 2027 Alberta election
Alberta’s long road to quitting the Canada Pension Plan would run smack into the scheduled 2027 provincial election, with Opposition New Democrats promising to kill the idea if they win.
22.09 / 23:07
COST
McDonald's
Fox
CEO
economy
McDonald's hikes royalty fees for new US, Canada franchise restaurants
Former McDonald's CEO Jim Skinner analyzes the state of the fast-food industry as the U.S. economy slows on 'The Claman Countdown.'
22.09 / 22:07
Russia Ukraine
Ukraine war
Ukraine Russia
trudeau
‘Never submit to evil,’ Zelenskyy urges in speech as Trudeau vows $650M more
Ukrainian President Volodymyr Zelenskyy entered the chamber of the House of Commons to give his historic address to Canadians.Zelenskyy appeared to wipe a tear away as he was met with a minute-long standing ovation before Trudeau gave his welcome speech emphasizing the “pivotal” moment facing the world, and pledging $650 million in new funding to support Ukraine over three years.In his speech, Zelenskyy focused on the necessity to “never submit to evil” and began by talking about the construction of the world’s first Holodmor monument in Edmonton in 1983.“At that time, Ukraine didn’t yet have memorials commemorating the victims of genocide of Ukrainians because Ukraine was under Moscow’s control,” Zelenskyy said.Zelenskyy said that in the past 40 years, a lot has changed. Ukraine gained independence and dozens of countries recognized the systemic starvation of Ukrainians by Russia as a genocide.“It is genocide, what Russian occupiers are doing to Ukraine,” Zelenskyy said.“It is not just about an ordinary conflict.
22.09 / 21:29
Reuters
Waters
Manufacturing
Healthcare
show
reports
medicines
Abbott India warns of potential laxative syrup shortages amid production halt
Check out what's clicking on FoxBusiness.com
22.09 / 21:11
business
Citi
SVB
Blockchain Capital
Crypto Biz: Bidding war for SVB Capital, new crypto funds and Citi’s private blockchain
The venture capital industry appears to be gearing up for portfolio rebalancing in 2024, with investors positioning themselves to increase exposure to digital assets in the next bull market. Blockchain Capital, for instance, closed two new funds this week, with $580 million in capital to be deployed in crypto gaming and decentralized finance projects.
22.09 / 18:13
Provident
FIVE
Citizens
VISA
Action
Parke
reports
India-Canada row: Hardeep Singh Nijjar 'faked' marriage to get Canada citizenship in 1997, says report
ALSO READ: Hardeep Singh Nijjar Killing: Canada possesses Indian diplomats' communications in probe: Report As per details, the marriage arrangement was also rejected by Canada as the woman arrived in Canada in 1997 under the sponsorship of a different husband. "Nijjar appealed against the rejection in courts of Canada although he kept claiming himself to be a citizen of Canada. He was later granted Canadian citizenship, the circumstances of which are not clear," the report said.
22.09 / 18:01
COST
Digital
Amazon
Netflix
show
country
Amazon will show commercials on Prime Video starting next year
Amazon will start featuring advertisements on content streamed on Prime Video, the company said on Friday, making it the latest streaming service to turn to commercials to raise revenue. The changes, which will go into effect early next year, will apply in the United States, Canada, Britain and Germany, unless subscribers pay more to opt out. Amazon said that U.S. subscribers will have to pay an additional $2.99 per month for an ad-free service, and that it would disclose pricing for users in other countries at a later date.
22.09 / 18:01
VISA
CEO
Death
Bill
prevention
Reforming the US immigration system to make America attractive again
Vivek Ramaswamy to have become the most popular Republican presidential candidate after Donald Trump. Recently, Ramaswamy had pledged to overhaul the H-1B visa system, advocating for a merit-based selection process, instead of the current lottery system. The US immigration system is widely recognised as broken. But issues at the US-Mexico border take precedence over much-needed reforms for legal immigrants, including skilled workers, entrepreneurs and students.
22.09 / 17:51
UPS
Limelight
DAL
country
reports
Punjab Kabaddi player shot dead, chopped up body parts thrown in front of house
Punjab's Kapurthala district a few days ago. The incident came to limelight after the athlete's chopped up body parts were thrown in front of the slain Kabaddi's player's house, according to media reports. The incident has drawn sharp condemnation from Shiromani Akali Dal (SAD) chief Sukhbir Singh Badal.
22.09 / 16:59
Manufacturing
Action
show
reports
Shimano recalls 760,000 bike cranksets over crash hazard following several injury reports
Cycling company Shimano is recalling some 760,000 bike cranksets in the U.S. and Canada due to a crash hazard that has resulted in several reported injuries
22.09 / 16:59
22.09 / 16:39
Citizens
Action
Parke
country
social
information
travelers
Canada didn't act against Nijjar despite being informed about his involvement in murder, terror acts: Sources
Hardeep Singh Nijjar, whose killing led to a major diplomatic row between India and Canada, reached the North American country using a counterfeit passport and Canada did not take any action against him despite being informed that he faced over a dozen criminal cases of murder and other terrorist activities, sources said on Friday. Nijjar was killed by unidentified assailants on June 18 at a parking lot of a gurdwara in British Columbia.
22.09 / 16:37
Canada economy
bc port strike
Retail Sales
BC port strike affected 17% of retailers with auto sector hit hardest: StatCan
Statistics Canada says retail sales rose 0.3 per cent to $66.1 billion in July, helped by the strength of sales at supermarkets and grocery stores.
22.09 / 16:07
COST
UPS
Booking
CEO
Strategy
shock
National
National Bank CEO warns of harsh 'new reality' for fixed-rate mortgage borrowers
National Bank of Canada is better positioned than many of its larger rivals to navigate a downturn that’s poised to hit banks’ balance sheets and customers, according to chief executive Laurent Ferreira.
22.09 / 14:11
country
NOT
India, Canada diplomatic row will not have material impact on exports: EEPC
India and Canada will not have a material impact on the country's exports, according to apex engineering body EEPC. India's exports to Canada stood at USD 4.1 billion in 2022-23. The export goods include pharmaceuticals, gems and jewellery, textiles, and machinery, while imports (USD 4.06 billion) include pulses, timber, pulp and paper, and mining products. «We do not believe that the stand-off with Canada will have a material impact on our exports and trade, given our long-standing relationship.
22.09 / 13:37
COST
Parke
Highways
Experts
I am an NRI in Canada. My ancestral property is being sold in India. What can I do to save tax?
Mrinal Mitra is an NRI living in Canada. Recently, he shared with us that his ancestral home in Kolkata is being sold and he is expecting his part to be around Rs 15 lakh. Mrinal said the money will be deposited in a joint account with his daughter in State Bank of India, New Delhi. However, his daughter is still a student in Canada.
22.09 / 13:33
Jagmeet Singh
Canadian Politics
4 in 10 Canadians say Pierre Poilievre best choice for PM: poll
Pierre Poilievre’s polling momentum continues to chug along with 40 per cent of Canadians saying he’s the best choice to be prime minister, according to a new Ipsos poll done exclusively for Global News.Poilievre’s favourables on this question are up five points from a year ago. The number of respondents who think Prime Minister Justin Trudeau is the best choice remains static year-over-year at 31 per cent.Ipsos CEO Darrell Bricker said this gap shows the Conservatives could form a majority government if an election was held today.“So a real economic set of concerns.”The amount of respondents who think NDP Leader Jagmeet Singh is the best choice to be prime minister slipped four points since September 2022, with 22 per cent of respondents saying he’s the best choice to lead the government.On core issues facing Canada around the economy, health care and housing, the poll found a plurality of Canadians think Poilievre has the best plans across all three areas.Regionally, Poilievre’s favourables top the list in every province and region except for Quebec.
22.09 / 13:15
UPS
Provident
Fighting
POT
country
reports
Alberta wants to leave the CPP: Can they do that and what does it mean for the rest of Canada?
A new LifeWorks study commissioned by the Alberta government says the province could be entitled to take $334 billion — more than half of assets in the Canada Pension Plan — were it to exit the national plan entirely and start its own fund. The figure has raised eyebrows in pension circles and big questions across the rest of the country: Can Alberta really walk off with half the CPP? And what happens to everyone else if they do? The Financial Post’s Ian Vandaelle breaks down what you need to know about the issue.
22.09 / 12:41
Apple
WhatsApp
Nike
pandemic
IBM
Want to work in the United States? These companies have the happiest workers
IBM Corp., Nike Inc. and Apple Inc. in a new ranking of employee wellbeing. Love’s Travel Stops & Country Stores scored 83 out of 100 in the first-ever survey from job site Indeed, part of Japan’s Recruit Holdings Co., which analyzed millions of anonymous employee reviews to rate US companies on happiness, stress, satisfaction and purpose. Only companies with 1,000 or more employees were eligible, and the top twenty ranged from airlines to consultancies to fast-food chains. Closely-held Love’s, which also operates a truck fleet, hotels and a logistics firm, employs more than 40,500 people including 1,500 at its Oklahoma City headquarters.We're on WhatsApp! Join the ET NRI Channel here The rankings reflect employers’ increased awareness and investments in wellbeing, a catch-all term that became a focus during the pandemic when employee burnout and mental-health issues like anxiety and depression skyrocketed. More than seven in ten people said their employer is now more concerned about their mental health than it was previously, the American Psychological Association (APA) found. Still, organizational efforts to boost wellbeing vary in terms of effectiveness. A survey of more than 2,000 US workers from human-resources technology firm Alight found that less than half believe their employer cares about their wellbeing.
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