Canada Financial News

Azure Power Global is looking to tap existing investors — Canada's CDPQ and OMERS — and also exploring options like selling minority stakes in its projects and bank debt, to raise as much as ₹5,800 crore ($700 million) to fund capacity expansion. It is considering part equity and part debt for the fundraising as it works to limit leverage. «Azure Power will need $700 million to deliver the next three power projects including 700 MW solar, 120 MW wind and 150 MW hybrid project,» said a company spokesperson. «To deliver the projects by next financial year, Azure will have to bring in part equity and raise debt.

(Reuters) — Canada's biggest steelmaker Stelco Holdings is pursuing a bid for U.S. Steel Corp, adding to a growing list of suitors for the iconic American company, Bloomberg News reported on Thursday, citing people familiar with the matter.

A recent report by Rates.ca suggests variable rate mortgage holders have paid thousands more in interest since rate hikes by the Bank of Canada began.

Alberta’s premier fired the starter’s pistol Thursday for a provincewide consultation on whether to quit the Canada Pension Plan while releasing a report that estimates the province deserves more than half CPP’s assets.

The Liberal government is looking to spur the construction of new rental stock and increase competition in industries like Canada’s heavily concentrated grocery sector as part of a new bill aimed at improving affordability for Canadians facing a cost of living crisis.

After-Hours Stock Movers:

MEXICO CITY (Reuters) -A U.S. trade official stressed Mexico's need to address «serious concerns» from the United States of its energy measures, which were raised during consultations under a regional trade pact, the U.S. Trade Representative's (USTR) office said on Thursday.

Booker Prize 2023 judging panel Thursday announced the final list of six novels from 13 longlisted titles – the so-called “Booker dozen" – which were selected from 163 books published between October last year and September this year. All the six shortlisted books "showcase the breadth of what world literature can do", BBC reported Canadian novelist Esi Edugyan, who chairs the judging panel, as saying. London-based Indian-origin author Chetna Maroo’s debut novel ‘Western Lane’ was among the shortlisted for the 2023 Booker Prize in London.

Canada's efforts to investigate allegations of India's involvement in the killing of a Khalistani separatist leader in Surrey, observing that no country can get any «special exemption» for such kind of activities. Hardeep Singh Nijjar, 45, the chief of the banned Khalistan Tiger Force (KTF) and one of India's most-wanted terrorists who carried a cash reward of Rs 10 lakh on his head, was shot dead by two unidentified gunmen outside a gurdwara in Surrey in the western Canadian province of British Columbia on June 18.Canadian Prime Minister Trudeau on Monday alleged the involvement of «agents of the Indian government» in the killing.

As the final days of summer approach in Canada, many people are eager to savour the remaining warm weather and make the most of outdoor activities, however, there’s a persistent threat that can disrupt these plans — the pesky wasp.

Many parents encourage their kids to pursue their passion, especially if they show talent at a young age towards a particular endeavour, but other parents may go way beyond mere encouragement and dig deep into their own pockets to financially support a child as they launch their career.

The prospect of Alberta pulling out of the Canada Pension Plan in favour of its own pension scheme is back in the spotlight with an independent report — three years in the making — claiming the oil-rich province is entitled to more than half of the assets in the CPP Fund.

MUMBAI : Indian stocks extended their decline to a third straight day, dropping nearly 1% following the US Federal Reserve’s hawkish stance on interest rates. The expectation of prolonged elevated rates in the US has deepened concerns about a global slowdown, making equity markets jittery worldwide. The National Stock Exchange’s benchmark Nifty index, which has lost 1.45% in the past two sessions, ended 0.8% lower at 19,742.35 on Thursday.

free trade agreement (FTA). “The current diplomatic standoff between Canada and India will not help holiday travellers.

₹1.46 lakh. It is more than ₹1.01 lakh on the Toronto-Delhi route. Similar fares for New Delhi-Montreal cost over ₹1.55 lakh and over ₹1.16 lakh in the opposite direction.

National Investigation Agency on Thursday released pictures of 10 accused and sought information about them from the public. Once the perpetrators are identified, look out notices will be issued against them, said officials. According to the NIA, the case was registered after an attack on the Indian consulate in the US city during the intervening night of March 18-19 when some pro-Khalistan entities allegedly trespassed into the consulate and tried to burn it down. The same day, Khalistani supporters, raising slogans, had broken through the makeshift security barriers raised by the San Francisco Police and put up two so-called Khalistani flags on the consulate premises, damaged the building and assaulted and injured the officials, said an NIA in a statement. On the July 1-2 night, some accused persons trespassed into the consulate and attempted to set it on fire while officials were inside the building, it said. The NIA initiated a probe into the matter after registering a case on June 16 under various sections of the Indian Penal Code, Unlawful Activities (Prevention) Act and the Prevention of Damage to Public Property Act.

«With some diplomats having received threats on various social media platforms, Global Affairs Canada is assessing its staff complement in India,» the Canadian High Commission said. «As a result, and out of an abundance of caution, we have decided to temporarily adjust staff presence in India. All of our locations are staffed by diplomats and locally-engaged staff to ensure business and operational continuity,» the statement read. Citing the Vienna Convention, the High Commission further called on India to «provide for the security of our accredited diplomats and consular officers in India, just as we are for theirs here.» The Canadian mission, however, could not substantiate the threats. The India-Canada diplomatic relationship has nosedived ever since Canadian Prime Minister Justin Trudeau on the floor of Parliament alleged the involvement of the Indian government in the killing of Khalistan separatist leader Hardeep Singh Nijjar in Canada.

NEW DELHI : India temporarily suspended visa services in Canada, citing heightened security threats to its missions, while also directing Ottawa to cut its diplomatic strength in India, marking an escalation in tensions. New Delhi alleged a lack of action by Canadian authorities to deal with the threats. “You are aware of the security threats being faced by our High Commission and consulates in Canada.

By Jonathan Stempel

«Those who have already received visas are now questioning whether they will be able to travel or not,» said Leverage Edu CEO Akshay Chaturvedi. Till Wednesday evening, around three of the last 100 calls that came into Leverage Edu's office about studies in Canada were about the impact of the India-Canada fallout.

diplomatic row between India and Canada is unlikely to have any immediate effect on investment relations between the two countries, a top government official said on Thursday. The official said that the Canadian pension funds are getting higher returns in India, and they have investments in the Indian infrastructure sector. «They are here because they are making higher returns here… So I don't see any reason for them to back out because of the current situation, which hopefully we will sort out,» the official said. Those funds can not get such returns anywhere else, the official said, adding «I don't see any impact on Canadian investments into India». «Don't see any immediate impact on Indian investments into Canada also,» the official noted. The comments come in the backdrop of an intense diplomatic row that erupted following Canadian Prime Minister Justin Trudeau's allegations of a «potential» involvement of Indian agents in the killing of a Khalistani separatist in June.