Canada Financial News

OTTAWA-Bank of Canada Gov. Tiff Macklem said higher interest rates are suppressing consumption and dampening price increases, and might be at “sufficiently restrictive” levels for the central bank to achieve its 2% inflation target.

World Tour birthday show, actor Sarah Francis Jones unexpectedly went into labor. The concert, held at SoFi Stadium in Inglewood, California, was a major event, featuring surprise appearances, including Diana Ross. Sarah Francis Jones and her partner, Marcel Spears, shared a video on Instagram. It showed Jones, heavily pregnant, enjoying the concert and later giving birth to her baby. They jokingly mentioned that Beyoncé induced the labor. In another video caption, Jones revealed that they initially thought it was false labor but ended up having their baby during Beyoncé's birthday show on Labor Day. The September 4th concert marked the conclusion of Beyoncé's three-date residency at SoFi Stadium as part of her North American tour. The tour's success was evident, with earnings of $141.4 million from the first 12 U.S. and Canada shows, selling 553,000 tickets. This tour surpassed her previous highest-grossing tours, including The Formation World Tour and On the Run II Tour. Besides the music, the tour also gave rise to a «Everybody On Mute Challenge,» where fans attempted to stay silent during a specific song moment. Sarah Francis Jones, known for her role in the 2007 film adaptation of «Hairspray,» has appeared in various other projects, including «Honey,» «Jump In!,» «Camp Rock,» «Percy Jackson & the Olympians: The Lightning Thief,» «Descendants 3,» «Julie and the Phantoms,» and the Emmy-nominated HBO show «The Last of Us» in 2023.

Digital asset exchange Coinbase sets out plans for a global expansion flagging jurisdictions outside the United States as “near-term priority markets.”

pic.twitter.com/3y4Iwc0qVT— Tim Houston (@TimHoustonNS) August 30, 2023Their love is a shining example of devotion and determination.“I always felt in love. But it was not always easy,” said Charles.Their marriage, like many, not a fairy tale.

COVID-19 variants across the country, attention is once again turning to rapid antigen tests.However, this flu season is different from the last, as the federal government stopped its shipments of rapid tests to the provinces and territories, meaning Canadians may have to look a little harder to find them, or even pay out of pocket, experts say.Given the dwindling supply, increasing numbers of expired tests and the emergence of new COVID-19 variants in the country, the question arises: Are rapid tests still effective?“I still see a value in the tests, because SARS-CoV-2, the virus that causes COVID sheds for a longer time than we tend to see with some the other respiratory infections,” explained Dr. Gerald Evans, infectious disease specialist at Queen’s University in Kingston, Ont.“It would be able to inform you of the likelihood you might have to be off work for a little bit longer than you were expecting.”In March 2023, the federal government ended new shipments of rapid antigen tests to provinces and territories.

airport. According to media reports, the G20 leaders will be treated to an exquisite Indian vegetarian platter with delicacies from across the country.

It may seem on first blush that Canada has taken a number of steps to protect its businesses in the past few years, given it has restricted Chinese companies from investing in this country’s critical minerals sector and introduced cybersecurity bills to protect critical infrastructure.

Employers hired more workers than expected in August, but the unemployment rate held steady due to a population increase of 103,000, so the surprise gain likely won’t bring policymakers off the sidelines when it comes to interest rates, economists say.

A consortium of investors including Blackstone Inc. and Thomson Reuters Corp. raised about £2 billion ($3.4 billion) by offloading shares in London Stock Exchange Group PLC (LSEG) via an overnight placing.

Loan-loss provisions piled up at Canada’s big banks in their most recent quarter. Now the question is, ‘How high can they go?’

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________

COVID-19 cases come the fall as virus-related hospitalizations tripled in the past month, the province’s health minister said Friday.Christian Dubé weighed in the evolving situation during the Coalition Avenir Québec (CAQ) caucus meeting in Saguenay, saying he expects that number to grow.“Three weeks ago we had 300 people in hospital that were COVID-related,” he said Friday. “This morning it’s almost 900.

The national unemployment rate was unchanged at 5.5 per cent in August amid a gain of 40,000 jobs, Statistics Canada said Friday.

By David Ljunggren and Steve Scherer

Conservative party gathers in Québec City this weekend.The Conservatives are riding high in national polling and head into this weekend’s policy convention — the party’s first in-person convention since 2018 — with a sense of cautious optimism after eight years on the opposition benches.But it wouldn’t be a Conservative gathering without some good old fashioned intra-party power struggles.Alissa Golob, the executive director of anti-abortion group Right Now, said her organization is pushing for more transparency around party nominations and more power resting with local riding associations — rather than Poilievre and his team in Ottawa.The group’s goal is to nominate and elect more anti-abortion politicians to the House of Commons, with an aim of passing legislation to restrict abortion access in Canada.Unlike previous conventions, however, Golob said social conservatives are focusing their attention less on policy debates and more on the power dynamics between the party “establishment” and local volunteers.

OTTAWA-Bank of Canada Gov. Tiff Macklem said higher interest rates are suppressing consumption and dampening price increases, and might be at “sufficiently restrictive” levels for the central bank to achieve its 2% inflation target.

The Monetary Authority of Singapore (MAS) has said that no businesses have qualified to participate in its FinTech Regulatory Sandbox framework as cryptocurrency payment providers. 

Tata Consumer Products Ltd. (TCPL) has taken its Soulfull brand of millet-based cereals overseas through a tie-up with British retail chain Tesco. Soulfull will sell cereals under the Joyfull muesli brand in the UK, where TCPL already has a significant presence through its brands - Tetley tea, Good Earth UK, and Teapigs.

G20 Summit from Friday. Ahead of the summit, G20's current host, India, emerged as the 7th best performing nation in terms of complying to 15 key G20 Bali commitments made last year. According to the data analysed by G20 Research Group, India complied to 87% of commitments made in G20 Summit in Bali last year.

Narendra Modi to hold more than 15 bilateral meetings with world leaders, ANI reported citing sources. As reported by ANI, “On 8th September, PM will hold bilateral meetings with leaders of Mauritius, Bangladesh and USA.

OTTAWA—The Bank of Canada held its main interest rate steady at 5% after back-to-back rate rises in June and July, saying the economy has shifted into a weaker phase and labor-market pressures have eased. Nevertheless, the central bank Wednesday said it remained concerned “about the persistence of underlying inflationary pressures,” and is prepared to raise rates again should conditions not improve. Along with the U.S.