Canada Financial News
08.09 / 04:17
UPS
country
G20 Summit 2023: Former PMs Manmohan Singh, HD Deve Gowda invited to grand dinner in Delhi
Manmohan Singh and HD Deve Gowda have also been invited to the G20 Summit dinner, according to ANI news agency report. The national capital is all decked up magnificently to hold the G20 Summit on September 9 and 10. Meanwhile dignitaries from across the world have started arriving in Delhi to participate in the mega event.
08.09 / 01:23
08.09 / 01:07
UPS
Provident
BlackRock
Pfizer
Azure Capital anoints its first female partner
Natixis-backed corporate advisory firm Azure Capital has inducted a new name to its partnership ranks amid a round of promotions.
08.09 / 00:53
Canada's Rogers to sell $2.2 billion in bonds to repay debt
(Reuters) — Canada's Rogers (NYSE:ROG) Communications said on Thursday it is pricing in a C$3 billion ($2.19 billion) bond offering to repay short-term debt and other borrowings.
08.09 / 00:41
interest rate
Bank of Canada
Jagmeet Singh
Bank of Canada ‘remains independent’ amid political comments: Macklem
Bank of Canada governor Tiff Macklem reaffirmed the central bank’s independence on Thursday in response to politicians weighing in on the institution’s interest rate decisions over the past week.
07.09 / 21:45
business
Hackers
hacks
Mining
Windows tool targeted by hackers deploys crypto-mining malware
Hackers have been using a Windows tool to drop cryptocurrency-mining malware since November 2021, according to an analysis from Cisco’s Talos Intelligence. The attacker exploits Windows Advanced Installer — an application that helps developers package other software installers, such as Adobe Illustrator — to execute malicious scripts on infected machines.
07.09 / 20:57
Target
Canada Rate Policy Might Be ‘Sufficiently Restrictive,’ Gov. Tiff Macklem Says
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.
07.09 / 19:35
Indigo
Indigo’s president and CEO have both left the retailer
Almost a year since he took on the top job, Indigo Books & Music Inc.’s chief executive is moving on.
07.09 / 19:35
interest rate
Bank of Canada
Bank of Canada interest rate
Canada Interest Rate
Bank of Canada rate
Higher interest rates are ‘painful’ but ‘worth it’: Bank of Canada’s Macklem
The head of the Bank of Canada says the central bank’s two per cent inflation target is “now in sight” but cautions that persistent price pressures might require additional interest rate hikes.
07.09 / 17:25
FIVE
Pinnacle
performer
country
social
place
Switzerland retains title of world's best country; US slips to 5th place. Check full list here
U.S. News & World Report's annual Best Countries rankings. This marks Switzerland's second consecutive year at the pinnacle and its sixth time overall as the No.
07.09 / 17:25
‘Fake News,’ BJP on hoarding congratulating PM Modi as most popular global leader ahead of G20 Summit
Joe Biden, UK Prime Minister Rishi Sunak, Canada Prime Minister Justin Trudeau, Japanese Prime Minister Fumio Kishida are among the leaders to attend the G-20 meeting. The Chinese foreign ministry announced that President Xi Jinping will not attend the G20 Summit in New Delhi and the delegation will be led by Premier Li Qiang.
07.09 / 15:07
Target
FIVE
Progressive
NVIDIA
TSX
show
analyst
Posthaste: Bank of Canada's 4 inflation 'pillars' no longer flashing red, analyst says
The “four pillars” the Bank of Canada says it will use to measure progress against inflation and guide interest rate decisions have already fallen into line, argues one analyst, blunting the central bank’s hawkish warning that it will hike again if price pressures don’t relent.
07.09 / 15:07
UPS
COMPOSITE
HSBC
RBC
capital rules
analyst
RBC faces potential stock sale as bank regulator contemplates stricter capital rules: analyst
With economic storm clouds gathering, Canada’s bank regulator is considering stricter capital requirements that some analysts say have the potential to force Royal Bank of Canada, the nation’s biggest lender, to sell equity.
07.09 / 14:25
UPS
show
Canada's Ivey PMI shows activity rebounding in August
TORONTO (Reuters) — Canadian economic activity expanded in August, rebounding after a contraction in the previous month, Ivey Purchasing Managers Index (PMI) data showed on Thursday.
07.09 / 14:11
Canada News
foreign interference
foreign
Ottawa taps Quebec judge to lead foreign interference inquiry: sources
foreign interference in Canadian elections and society.Marie-Josée Hogue, a puisne judge of the Court of Appeal of Quebec, has been tapped to lead the inquiry, a government source told Global News Thursday. Two government sources also confirmed the news to The Canadian Press.Hogue was appointed as puisne judge in the Quebec appeals court on June 19, 2015, according to the court’s website.
07.09 / 12:04
UPS
COMPOSITE
HSBC
RBC
Canadian banks facing tougher capital requirements
With economic storm clouds gathering, Canada’s bank regulator is considering stricter capital requirements that some analysts say have the potential to force Royal Bank of Canada, the nation’s biggest lender, to sell equity.
07.09 / 12:03
07.09 / 11:17
Career
Pool
IBM
show
Time
elon
Elon Musk gets snapped for the 1st time with twins Strider & Azure, pics go viral on X
Musk was seen for the first time with his twins Strider and Azure, along with their mother, venture capitalist Shivon Zhilis. The picture was shared by Musk’s biographer Walter Isaacson, on his X handle. In the picture, the 52-year-old business tycoon could be seen sitting cross-legged on a couch with one of the twins on his lap, while the other is being held by Zhilis. Another picture shows one of the twins hovering near a robot. Dropping the pictures, the veteran journalist wrote, “Ever since imbibing Isaac Asimov's stories as a kid, Musk has worried that our robots could turn on us. This Time excerpt explains why and what he’s doing about it.” “For a moment I was struck by the oddness of the scene,” Isaacson wrote. “We were sitting on a suburban patio by a tranquil backyard swimming pool on a sunny spring day, with two bright-eyed twins learning to toddle, as Musk somberly speculated about the window of opportunity for building a sustainable human colony on Mars before an AI apocalypse destroyed earthly civilization,” he tweeted. The photo was taken at Zilis’s home in Austin, Texas. The twins were born in November 2021, weeks before Musk and Canadian songstress Grimes welcomed their second child via surrogacy.
07.09 / 09:43
Bank of Canada Holds Rates Steady as Economy Shifts Into Weaker Period
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.
07.09 / 08:41
economics
Bank of England
UK
Macroeconomics
GDP
ONS
Regulator to review ONS GDP estimate process following surprise revision
'We will extend our review to cover similar issues relating to a wider set of national accounts measures as appropriate,' the OSR said.
07.09 / 07:51
Cooper
Continental
country
Grant
G20 agrees to grant permanent membership to African Union: Report
G20 Summit, the member nations of the group have agreed to grant permanent membership to the African Union, a continental body of 55 member states, Bloomberg agency news reported. With this, the African Union has earned the same status as the European Union. Prime Minister Narendra Modi had written a letter to the G20 nations in which he proposed that the African Union be given full, permanent membership of the bloc at the upcoming summit in New Delhi.
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