Canada Financial News

Stocks that traded heavily or had substantial price changes on Wednesday: Coty, Steelcase rise; Eastern Bankshares, AdaptHealth fall

India has advised its citizens to be careful when traveling to Canada as a rift between the two nations widens further in the wake of Ottawa’s allegations that India may have been involved in the killing of a Sikh separatist leader in suburban Vancouver

Real estate stocks gained 2.2%. Euro zone banks surged 2%, on UniCredit’s 4.7% rally. Canada stocks pared its earlier gains to end down on Wednesday.

Royal Bank of Canada pushed ahead with a round of job cuts in its capital markets operations, part of broader reductions announced in August that may climb above 1,000 positions and are aimed at helping the bank deal with a challenging economic environment.

In the ongoing debate over the soaring food prices in Canada, it’s tempting to lay the blame at the feet of the most visible players — the grocery stores, suppliers, farmers and fishers. However, as someone deeply entrenched in the food industry, both as a supplier and distributor and a food brand owner, I can tell you that the situation is far more complex than it appears.

Canadians are expected to pass on as much as $1 trillion in inheritances over the next decade, though you may have a better chance of being on the receiving end depending on which province you live in, new research suggests.

The prime minister and his cabinet have joined a production line of academic theorists about the nature of corporate competition in the grocery business. They want tougher competition legislation to give more powers to Ottawa’s competition enforcers to tackle and even break up the supermarket chains.

The Bank of Canada has faced unprecedented challenges when it comes to monetary policy since the start of the COVID-19 pandemic, launching drastic interest rate cuts to combat the initial slowdown followed by a rapid tightening cycle to fend off inflation. Making things more complicated has been that economic policy hits different households in different ways, an effect that has been exaggerated in the recent extreme conditions, according to Bank of Canada deputy governor Sharon Kozicki, who addressed the issue during a Sept. 19 speech at the University of Regina.

Debate in the United States House Financial Services Committee during the markup of the CBDC Anti-Surveillance State Act on Sept. 20 occasionally wandered beyond strictly financial and technical issues. Star Wars and anarchists were mentioned in the discussion at various points, as were crypto bros.

The Bank of Canada did not want to give the impression that it was done raising interest rates — or that the cost of borrowing would soon drop — in communicating its most recent policy rate decision, documents released Wednesday show.

NEW DELHI : Diplomatic tensions between India and Canada mounted after New Delhi released a scathing travel advisory counselling its citizens to exercise caution while travelling to Canada. “In view of growing anti-India activities and politically condoned hate crimes and criminal violence in Canada, all Indian nationals there and those contemplating travel are urged to exercise utmost caution. Recently, threats have particularly targeted Indian diplomats and sections of the Indian community who oppose the anti-India agenda.

(Reuters) — Auto workers at Ford Motor (NYSE:F)'s Canadian facilities will start voting on a tentative three-year deal on Saturday, a spokesperson for the Unifor union said on Wednesday.

G20 summit reported fair progress on some of the most nettlesome challenges confronting the world economy, such as debt relief to low-income countries, restructuring multilateral funding agencies and securing finance commitments for climate change. G20 itself has become a more inclusive forum with the inclusion of the African Union (AU).

Canada's participation at the Indo-Pacific Armies Chiefs Conference (IPACC) in the capital next week, said a senior Indian Army officer. The deputy chief of the Canadian Army will participate in the conference of top military leaders from 30 nations in the region, Major General Abhinaya Rai, additional director general, strategic planning, said on Wednesday, describing China as an «important partner» of the IPACC initiative. «It (the diplomatic row) doesn't impact us. The Canadian chief is coming here.

Justin Trudeau's allegations against India's «role» in killing of a Sikh terrorist on Canadian soil could be a diversionary tactic to save his political skin with the ruling Liberal Party facing a probe for its links with China. Trudeau is facing heat in the case and he may have been motivated to label unsubstantiated allegations against India as a diversionary tactic, according to observers of Canadian politics. «The allegation on the floor of Parliament is a diversionary plot on the Canadian PM's part to distract attention from the public inquiry of election interference in Canada that has just started and which will inevitably show the Liberal Party's deep ties to Beijing and Trudeau's own implication therein. He has essentially chosen to throw the India relationship under the bus to save his political skin,» quipped a source who did not want to be named. Trudeau's government has faced growing criticism over the past several months after media reports surfaced alleging that China sought to interfere in the 2019 and 2021 Canadian elections.Also read: Hate crimes, violence in Canada, says India's travel advisory Earlier this year, a Canadian lawmaker stepped down from Trudeau's Liberal Party after a media report raised questions about his dealings with China.

India to using diplomatic strategy on taking up roles of foreign-based Khalistan sympathisers, the Centre has adopted a five-pronged strategy to counter radical Khalistan propaganda within and outside the country. The strategy includes identification and seizure of cross-border smuggling of narcotics, weapons from Pakistan, preventing jailed gangsters from operating in prisons and action against radical and Khalistan activities in Punjab, said official sources. The Union home ministry has been sharing details of anti-India activities on foreign soil with the missions of the United Kingdom, United States, Australia, and Canada.

Trudeau government has been seriously misled by its agencies on the killing of known terrorist Hardeep Singh Nijjar. While the Canadian Prime Minister's statement contains several qualifications such as «credible evidence», «allegations' and „potential link“, the Indian government and its agencies have absolutely no doubt about the links of Nijjar with terrorist activities in India. These are not only well-documented but have been shared repeatedly with Canadian authorities.

Recently, threats have particularly targeted Indian diplomats and sections of the Indian community who oppose the anti-India agenda, the MEA pointed out. Indian nationals are therefore advised to avoid travelling to regions and potential venues in Canada that have seen such incidents, the MEA advised. «Our High Commission/Consulates General will continue to be in contact with the Canadian authorities to ensure the safety and well-being of the Indian community in Canada. Given the deteriorating security environment in Canada, Indian students in particular are advised to exercise extreme caution and remain vigilant,» it said. (Also read: Justin Trudeau's remarks attempt to shift focus from China links) Indian nationals and students from India in Canada must also register with the High Commission of India in Ottawa or Consulates General of India in Toronto and Vancouver through their respective websites, or the MADAD portal madad.gov.in.

₹10 lakh for details on each. It has also promised ₹5 lakh reward for Parminder Singh Kaira alias “Pattu", Satnam Singh alias “Satbir Singh" alias “Satta" and Yadvinder Singh alias “Yadda".

Justin Trudeau had to swelter in Delhi till last Tuesday because his plane failed him. Coming after an unusually public dressing down by Prime Minister Narendra Modi, his outburst on Tuesday accusing India of killing Khalistan leader Hardeep Singh Nijjar sealed his now-dead relationship with India. Canada is where wokeness and brightly patterned socks find their illogical home. Which would have been idyllic if their political parties were not so welcoming of bad guys of many stripes.

ICC confirming on Wednesday that Dallas, Florida and New York will host the 2024 T20 Men's World Cup matches. In November 2021, ICC had chosen the West Indies and the US as hosts. While the Windies are no longer contenders in world cricket — it failed to qualify for the 50-over World Cup starting in India next month — US ranks 22nd, sandwiched between Papua New Guinea and Uganda, in the ICC rankings.