Canada Financial News

Air Canada flight set up themselves in an uncomfortable situation when they were asked to enthrall seats that had not been duly gutted and still bore traces of heave. The incident unfolded on a flight bound for Vienna via Montreal, sparking wide attention and debate. The incident came to light after a fellow passenger, Susan Benson, participated her experience in a viral Facebook post.

The outrage sparked by a passenger incident involving a vomit-smeared airplane seat reflects a broader frustration with flight operations in Canada, travel specialists say.

The chief executive of THL, which operates a fleet of 7233 rental campervans and motorhomes, is backing the push to open Australia to more competition from international airlines such as Qatar Airways.

OTTAWA—Economists believe the Bank of Canada is likely to keep its main interest rate unchanged on Wednesday, as data suggest the economy has shifted into a lower gear after 10 rate increases over a 16-month span.  

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.

customs duty on US-origin masur a day before the arrival of US President Joe Biden for the G20 summit. The government has also made it mandatory for local stocks of masur to be reported weekly to quell attempts at cartelisation and manipulation aimed at restricting supplies. India had announced it would remove retaliatory duties on certain US products, including masur, during Prime Minister Narendra Modi’s visit to the US in June. Customs duty of 22% on masur of US origin was made zero effective September 6.

Interest rates are likely to come down next year, Royal Bank of Canada chief executive Dave McKay said, allowing for the lender’s customers to avoid major pain when the majority of its mortgage book reprices in 2025 and 2026.

Rising home prices have sent property values soaring over the past five years, and for some lucky buyers who snapped up homes in 2018, that’s amounted to hundreds of thousands of dollars in extra equity.

OTTAWA — The Bank of Canada was persuaded to hold its key interest rate steady on Wednesday as signs of a faltering economy emerge, but with inflation still above target, the central bank is walking a tight line to avoid fuelling speculation of rate cuts.

The Bank of Canada held its benchmark interest rate at five per cent on Sept. 6, with one economist predicting the bank’s next move could be a cut based on deteriorating economic data, though policymakers warned they could hike again.

The Bank of Canada held interest rates steady and kept the door open to further hikes, with economists seeing its historic tightening cycle at its likely end point.

(Reuters) — Investors in the London Stock Exchange Group (LON:LSEG), including Blackstone (NYSE:BX) and Thomson Reuters (NYSE:TRI), are launching a sale of roughly 28.3 million shares worth about 2.3 billion pounds ($2.9 billion), bookrunners said on Wednesday.

Despite the high cost of living making it harder to set aside money after expenses, a recent survey indicates Gen Z and millennial Canadians still want to start saving for retirement.

The Bank of Canada hit pause on its interest rate hiking cycle on Wednesday, leaving its policy rate unchanged at 5.0 per cent.

TORONTO (Reuters) — The Bank of Canada on Wednesday held its key overnight interest rate at 5%, noting the economy had entered a period of weaker growth, but said it could raise borrowing costs again should inflationary pressures persist.

global cancer cases for people under the age of 50 has raised urgent concerns about the shifting landscape of this disease among younger populations, according to new research.The study, published Tuesday in the journal BMJ Oncology, found that in 2019 new cases of early-onset cancers (people aged 15 to 49 years) were 3.26 million, a 79.1-per cent increase from 1990.While breast cancer made up the highest number of cases in this age group, the fastest-rising cancers since 1990 have been those of the windpipe (nasopharynx) and prostate, the study found.The researchers found that new cancer cases with the heaviest death toll for young adults were breast, windpipe, lung, bowel and stomach.“Cancers historically perceived to be more common in older age groups are now being diagnosed in younger adults, including colorectal, breast, oesophageal, gastric and pancreatic cancers, among others,” said Dr. Ashleigh Hamilton, a clinical lecturer at the Centre for Public Health at Queen’s University Belfast, U.K., in an editorial piece on the study.

By Steve Scherer and David Ljunggren

By Jarrett Renshaw and David Lawder

OTTAWA (Reuters) — Canada's trade deficit with the world narrowed to C$987 million ($722.97 million) in July, as imports were dragged lower by a west coast port strike while exports rose slightly, Statistics Canada said on Wednesday.

OTTAWA—Economists believe the Bank of Canada is likely to keep its main interest rate unchanged on Wednesday, as data suggest the economy has shifted into a lower gear after 10 rate increases over a 16-month span.  

Canada have begun a new school year, but even as they crack open their books teachers and those who represent them are raising concerns there’s still not enough being done to fix ongoing teachers shortages from coast to coast to coast.The shortages vary from province to territory. Some like Nova Scotia say most full-time roles are filled but they’re having issue in terms of substitute teachers.