Canada Financial News
06.09 / 11:23
06.09 / 11:23
COST
UPS
Action
Gap
blues
Climate goals need $18T investment, but red tape is in the way
Grid constraints, the still high cost of green technology and planning delays are holding up $18 trillion worth of investments needed to reach global 2030 climate goals, making any rapid energy transition increasingly unlikely.
06.09 / 11:19
Facebook
UPS
FIVE
Airlines
Air Canada warns passengers to be put on 'no fly list' for refusing vomit-smeared seats
CNN. As per details, the incident took place on board a flight from Las Vegas to Montreal on 26 August, when two passengers were warned by the pilot that would be put on a no-fly list if they kept complaining. “There was a bit of a foul smell but we didn’t know at first what the problem was.
06.09 / 10:47
COST
Provident
Extreme
COMPOSITE
show
New Canadian homes could be too risky to insure as weather changes, experts say
Canada needs to create 3.5 million more affordable housing units, but the government could create a new crisis altogether if it isn’t strategic in how it chooses to address the issue, experts say.
06.09 / 10:47
UPS
Provident
FIVE
show
'Things are dismal': Canadians' view of economy deteriorates on eve of Bank of Canada rate decision, poll finds
Canadians’ view of the state of the economy continues to deteriorate, a new poll suggests, just as the Bank of Canada prepares to announce its latest interest rate decision.
06.09 / 10:47
UPS
CIBC
show
pop
rate hikes
Time
Posthaste: Why Bank of Canada rate hikes might really be over this time
It looks like British Columbia Premier David Eby might get his wish.
06.09 / 10:47
UPS
Entertainment
Celebrity
stage
country
pop
rap
Why isn't Canada an economic giant?
Canada rarely makes the global news. When it does, it is often in reference to the exploits of Canadian entertainers — Justin Bieber, Céline Dion and Drake. For a country of about 40 million people, roughly the population of California, that is not a bad return on celebrity icons. But while the country may exceed expectations in the pop and rap arena, it underwhelms on the international economic stage, relative to its vast potential.
06.09 / 10:01
Provident
Manufacturing
country
Mathura, Vrindavan exported Lord Kirshna poshak (costume) worth Rs 200 crore to over 40 nations this year
Krishna and other deities, in anticipation of Janmashtami. As per a TOI report, business owners in the region have reported a surge in demand this year, with bulk orders pouring in from over 40 countries, including the US, Australia, New Zealand, the UAE, and several European nations. Some projections suggest that Janmashtami sales could exceed a staggering Rs 200 crore. Anil Agarwal, hailing from a family with a rich history in apparel manufacturing, told TOI, «In the run-up to the festival, we've shipped costumes worth crores to overseas destinations and various states across India.
06.09 / 03:57
UPS
IPO
band
show
Basilic Fly Studio IPO sees strong response, gets oversubscribed by 286.6 times
₹66.35 crore from this initial offer. Data on NSE shows retail individual investors subscribed 84.5 crore shares of the company while qualified institutional buyers (QIBs) bought 13.53 crore shares of the company in the IPO out of which foreign institutional investors(FIIs) bought 4.99 crore shares of the company and domestic financial institutions bought 1.66 crore shares. The remaining shares (6.88) in the QIB segment were bought by 'others'.
06.09 / 03:57
Updates
G20 Summit 2023 LIVE Updates: List of leaders who are attending and who are skipping
G20 Summit 2023 LIVE: Read all the latest updates at Mint's liveblog: Fellow G7 members Britain, Canada, Japan and Italy will be represented by their respective premiers Rishi Sunak, Justin Trudeau, Fumio Kishida and Giorgia Meloni.Brazil's President Luiz Inacio Lula da Silva is coming and Argentina's Alberto Fernandez is expected, but Mexican President Andres Manuel Lopez Obrador is likely to skip the G20 Summit.United Nations Secretary-General Antonio Guterres will attend as an observer, with the heads of the IMF and the World Bank also in attendance.Other leaders expected to attend include Bangladesh Prime Minister Sheikh Hasina and Nigerian President Bola Tinubu.
05.09 / 23:15
Bank of Canada Expected to Keep Rates Unchanged on Weak GDP Data
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.
05.09 / 23:05
Digital
CEO
Bank of Canada explores impact of quantum computing on CBDCs
The Bank of Canada is exploring technologies and technical ecosystems that may inform decisions relating to the development of a potential digital loonie.
05.09 / 20:57
foreign interference
Training
RCMP investigates ex-RCAF pilots reportedly training China’s air force
The RCMP is investigating a report that former Royal Canadian Air Force (RCAF) pilots are helping to train fighters within China’s air force.
05.09 / 20:35
Ford
Manufacturing
Fighting
Highways
Chevrolet
stage
Recall
US steps toward forcing recall of 52 million air bag inflators that can explode and hurl shrapnel
The U.S. government is taking a big step toward forcing a defiant Tennessee company to recall 52 million air bag inflators that could explode, hurl shrapnel and injure or kill people
05.09 / 18:43
interest rate
Bank of Canada
Canada housing
Canada housing market
housing market
Home prices
fall
As interest rate decision looms, here’s what to expect in the fall housing market
Canada’s housing market could face a chill this fall as prospective buyers and sellers wait to see where the Bank of Canada’s interest rate path will head, according to new polling released Tuesday.
05.09 / 18:43
inflation
Interest rates
interest rate
Housing
Bank of Canada
Canada housing
Bank of Canada faces political pressure to hold rates. But will it matter?
Two premiers have sent letters to Bank of Canada governor Tiff Macklem urging the central bank to halt interest rate hikes ahead of its next rate decision Wednesday.
05.09 / 18:43
economy
stocks
stock market
Money
TSX
Toronto Stock Exchange
tsx s&p
S&P/TSX composite down in late morning trading, U.S. stock markets mixed
Canada’s main stock index was down in late-morning trading as losses in base metals and utilities helped lead the way lower, while U.S. stock markets were mixed.
05.09 / 18:11
plane
Customers
Air Canada customers kicked off plane for refusing vomit-covered seat
Air Canada has apologized to customers who were allegedly escorted off a plane for refusing to sit in a chair covered with vomit for the duration of their over four-hour flight.
05.09 / 18:07
Aviat
Airlines
United Airlines pauses departures nationwide amid tech issue
Investing.com — United Airlines Holdings Inc (NASDAQ:UAL) said Tuesday it asked the Federal Aviation Administration to suspend its departure flights nationwide as it grapples with a computer issue.
05.09 / 17:45
UPS
Citizens
Extreme
CEO
stage
country
‘India is rapidly rising up the priority list for Canadian companies’
NEW DELHI : India has all the potential that China had a decade ago, former Canadian foreign and defence Minister Perrin Beatty said. Beatty, who serves as President and CEO of the Canadian Chamber of Commerce, said India is a high priority for Canadian businesses looking for an alternative to China. Critical minerals, renewable technologies and fertilizers will be a key focus.
05.09 / 17:23
WestJet
Pilots
More Canadian pilots are seeking to fly in the United States. Why?
The number of Canadian pilots seeking to fly in the United States tripled in 2022, according to previously unreported U.S. government data, raising fears of deepening shortages in Canada as pilots seek higher wages.
breaking news about Canada
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