Canada Financial News

By Brendan O'Brien

Shake Shack (NYSE:SHAK) was raised to Buy at Northcoast Research in a note on Friday, with a price target of $85 per share.

Prospective homebuyers had “more choice” in Canada’s housing market in August as a rise in new listings met a slowdown in activity, according to the national real estate association.

'The company continues to be able to access debt financing at attractive margins, however, given the current macroeconomic environment the board considers it prudent to maintain a lower LTV.'

Fantasy sports platform GameOn has partnered with the Spanish football league LALIGA to develop Web3 games for players in the US and Canada.

Swift has partnered with three central banks to conduct beta testing of its central bank digital currency (CBDC) connector solution in an effort to advance cross-border payments using CBDCs.

By Anadi

ICC) has issued an invitation to tender (ITT) in order to secure media rights for the Middle East and North Africa (MENA) market. Following the successful conclusion of media rights agreements in several markets, including India, Sub-Saharan Africa, the United Kingdom, the United States of America, and Canada, the ICC is now starting its media rights process in the Middle East and North Africa. For the MENA tender, men’s and women’s rights are once again being sold separately, with two four-year packages available, combining both TV and digital rights. One package will be for eight men’s events from 2024–2027 and the other for six women’s events across the same time span. ICC Chief Executive Geoff Allardice said: «We are delighted to be releasing the ITT for media rights in the Middle East and North Africa to continue to build our broadcast partnerships globally.

Hong Kong was crowned the best-prepared jurisdiction for widespread cryptocurrency adoption in 2023, retaining its crypto-readiness prowess for the second year in a row. 

Canada will be taking “additional measures” to make sure the iPhone 12 complies with the limits of human exposure to radiofrequency after France found the phone exceeded limits.

cyberattacks for their outages.Websites for Yukon, Manitoba, Prince Edward Island and Nunavut were all inaccessible throughout the day. P.E.I.

Conservative Leader Pierre Poilievre said the union representing WestJet cabin crew should apologize for trying to silence free speech.

Meta CEO Mark Zuckerberg has finally made the move to expand his metaverse Horizon Worlds from virtual reality headsets to people's smartphones and computers.

Regional health officials in France say a 32-year-old woman is dead and a dozen people have been hospitalized after an apparent botulism outbreak

The federal government is summoning the heads of Canada’s major grocery chains to Ottawa this fall to begin discussions on a plan to lower food costs for Canadians, as inflation continues to impact grocery bills.

Hurricane and tropical cyclone watches have been issued in parts of Nova Scotia and New Brunswick as Hurricane Lee continues on its path toward eastern Canada.

The Soviet Union ultimately collapsed from internal contradictions related to a faltering ideology, limited free speech, economic mismanagement, deteriorating international influence and an inability to deliver on promises of a better life that were painfully obvious to all but were not, for fear of brutal reprisal, discussed publicly until near the very end. Justin Trudeau’s leftist woke government is afflicted by similar if milder contradictions that in our free country the aggrieved population living under them is discussing quite openly — which suggests the government’s dissolution will come faster.

Most Canadian homeowners are not looking to sell in the next three years, but if all those who are planning to sell follow through, there could be a historic number of properties hitting the market, according to a new report by personal finance company NerdWallet Inc.

Empire Co. Ltd. says it earned $261.0 million in its latest quarter, up from $187.5 million in the same quarter last year, boosted by the sale of its 56 gas stations in Western Canada to Shell Canada.

Canada’s housing supply gap has shrunk marginally since last year, but the Canada Mortgage and Housing Corporation (CMHC) projects the country will still be short 3.45 million homes by 2030 in order for housing to be affordable for most Canadians.

Laurentian Bank has completed its review of strategic options without a deal to sell the bank.