Canada Financial News

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Indigo Books & Music Inc. says founder Heather Reisman has returned to the retailer as chief executive officer.

In 2011, three years after opening an office in Hong Kong, the Canada Pension Plan fund invested in a fast-growing e-commerce company in the city of Hangzhou, China, that would have been unfamiliar to most Canadian pensioners at the time.

Around two-thirds of City professionals would back Keir Starmer as the UK’s next prime minister | Credit: Keir Starmer, Twitter

MONTREAL — BMO Financial Group plans to close its retail auto finance business in order to reroute resources, as borrowers dig deep to stay on top of recent interest rate hikes.

OTTAWA — Economists are forecasting inflation reaccelerated to around four per cent last month, reversing previous progress made as gasoline prices push inflation higher.

Canada first announced incentives to jumpstart clean technology projects there is still no money flowing, and if they are not in place soon, more than C$50 billion ($37 billion) in investments could be at risk, industry groups said. Prime Minister Justin Trudeau's Liberal government has pledged a bevy of investment tax credits (ITCs) worth some C$27 billion over five years to spur investment in green technologies, partly in response to the generous incentives that have been on offer in the United States for more than a year.

Indian students who have been protesting against inflation and are experiencing a housing crisis. The protests started in the second week of September on the campus of Canadore College in North Bay, Ontario. However, three days later, the college administration and students reached an agreement, with the latter promising to take their requests for inexpensive housing into account, according to Indian Express reports.

Calls to search a Manitoba landfill for the remains of slain Indigenous women will be heard across the country tomorrow.

reporting more than 33,000 customers were still without power, and NB Power was reporting over 3,000 customers in the dark.“This morning, our day crews are back out across the province assessing damage, removing trees from lines and repairing equipment,” read a social media post from Nova Scotia Power.The electrical utility said about 277,000 customers experienced outages since the storm’s arrival.“Crews were able to restore power to approximately 170,000 customers and we expect to get a significant amount more back on today,” the statement said.“Damage from the tropical storm force winds and heavy rain ranges from broken power poles and uprooted trees, to downed power lines, localized flooding, and road closures.”Nova Scotia Power has begun operating helicopters and drones throughout the province to assist with damage assessment during their restoration process.Matt Drover, storm lead for Nova Scotia Power, said despite not having an estimate for full restoration, a “significant” number of customers should regain power on Sunday.“Our goal (to restore power) is as soon as possible, we know how impactful this is for everybody, we’re working around the clock,” he said during an interview with Global News, adding that more than 800 employees are currently working to restore power throughout the province.“We know it will be a few days … however, we will see a significant number restored today.

By Nivedita Balu

The federal government’s efforts to gather Canadian grocery executives for a summit to tackle food inflation is “disingenuous” and unlikely to bear much fruit, analysts say.

Laurentian Bank of Canada has wrapped up its review of strategic options, including a potential sale of the company or divestiture of assets, without finding a buyer, the company has announced.

The Bank of Canada is supposed to be free from government interference, but elected officials have become more vocal about interest rates, inflation and the effect on their citizens, leaving some experts fretting about the central bank’s independence when it comes to monetary policy.

Tina Hamlin, who runs a home decor company in Vancouver, was initially elated when she heard the federal government will allow small businesses an extra year to repay a loan given to them during the pandemic.

A CIBC Capital Markets Inc. report released last month suggested there are about a million more non-permanent residents in Canada than the official number, 925,000, that is widely quoted and used for planning purposes by various government authorities.

International Cricket Stadium in Colombo, the lowest score ever recorded was not even 40. Meanwhile, Indian pacer Mohammed Siraj dismissed six Sri Lankan batters in his 6-over spell. The Sri Lankan innings is over in just 15.2 overs and the team is all-out for a total of 50 runs.

Health Canada has issued a recall for two models of portable generators from Generac due to potential “fire and burn” hazards.

Starting with the Federal Reserve on Wednesday and ending with the Bank of Japan two days later, monetary policy will be determined at key meetings across half of the Group of 20. Advanced-economy central banks, accounting for six of the 10 most-traded currencies, may draw particular focus as global policymakers adapt to the theme US officials set out at Jackson Hole in August: that rates are likely to stay higher for longer. All evidence suggests inflation isn’t fully tamed across much of the world, and the ongoing rise in crude oil prices is stoking worries of yet more pressure. So no-one will dare to declare that their job is done, even amid the prospect that central banks in countries from the UK to Switzerland on Thursday could open the door to a pause, as happened last week in the euro zone. Setting the tone for all of them will be new projections from the Paris-based OECD on Tuesday. With weak demand from China depressing global trade, and the outlines of a stagflationary scenario forming in Europe, the apparent resilience of the US economy could prove the only bright spot. That backdrop may prompt the Fed itself to keep rates on hold, but maybe pencil in another increase for later this year. What Bloomberg Economics Says: “We think the FOMC will strike a balanced tone at its Sept.

Lee made landfall at near-hurricane strength Saturday in Nova Scotia, Canada, after bringing destructive winds, rough surf and torrential rains to a large swath of New England and Maritime Canada that toppled trees, swamped coastlines and cut power to tens of thousands. One person was killed in Maine when a tree limb fell on his vehicle. With sustained winds of 70 mph (110 kph), the center of the post-tropical cyclone came ashore about 135 miles (215 kilometers) west of Halifax, the capital of Nova Scotia, according to the U.S.

Storm Lee made landfall late Saturday afternoon in Nova Scotia, Canada, at near-hurricane strength, but not before it brought high winds, rough surf and torrential rains to a large swath of New England and Maritime Canada, toppling trees, swamping coastlines, cutting power to tens of thousands and claiming one life. With sustained winds of 70 mph (110 kph), the center of the post-tropical cyclone came ashore about 135 miles (215 kilometers) west of Halifax, the capital of Nova Scotia, according to the U.S. National Hurricane Center.