Canada Financial News

The British economy was 0.6% larger in the fourth quarter of 2021 than in the final quarter of 2019, compared with an earlier estimate that it was 1.2% smaller, the Office for National Statistics (ONS) said on Friday. This big upward revision brings forward the date at which Britain's economy regained its pre-COVID size by more than a year and a half, and shows at the end of 2021 it had made a faster recovery than Germany, France or Italy, and was level with Japan, although it was behind the United States and Canada. Prime Minister Rishi Sunak's government has been criticised for a sluggish recovery by the opposition Labour Party ahead of a national election expected next year, and the latest revisions were welcomed by finance minister Jeremy Hunt. «The fact that the UK recovered from the pandemic much faster than thought shows that once again those determined to talk down the British economy have been proved wrong,» he said. The changes also have implications for the Bank of England, which has a subdued growth outlook and has found it harder to tame inflation than the U.S.

In the last year, Skye Sanderson says she has lost everything.

There’s a stark contrast between public perception and the reality of how homeless people spend money, says a researcher who gave 50 homeless people in British Columbia $7,500 each to do with as they wished.

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

More than 85,000 highchairs sold at major retailers across North America are being recalled over a fall hazard after a handful of injuries were reported, federal regulators say

Canada’s Environment and Climate Change Minister, Steve Guilbeault, couldn’t resist taking a swipe at Suncor’s CEO, Rich Kruger — not even as the minister visits China, the biggest GHG emitter of all. Tuesday, he criticized Kruger’s recent statement that Suncor has been focusing too much on the energy transition and not enough on its core business. Using this as a pretext, Guilbeault made clear that his government’s made-up cap on oil and gas emissions — an arbitrary 42 per cent reduction by 2030 — is even more necessary to force companies to comply than he had been arguing. Let’s see how he does persuading his Chinese hosts to stop building two new coal plants every week.

The Canadian economy slowed more than expected in the first half of the year, a development that could strengthen the case for the Bank of Canada to hold interest rates when it convenes next week.

The aggressive pace of interest-rate hikes is hitting mortgage books at Canada’s biggest banks, leading to slowing loan growth, longer amortization periods and a rise in impairments.

Royal Bank of Canada’s proposed acquisition of HSBC’s Canadian business is not likely to result in a substantial lessening or prevention of competition under the Competition Act, the Competition Bureau said in a review of the merger.

climate crisis, a new poll suggests. Many respondents agree this year’s record-breaking wildfire season has driven home the need for urgent action.However, those Canadians are torn over when action should be taken, according to the Ipsos survey conducted for Global News.

parliament of G20 countries next month in the new Parliament building here in a bid to build political support for international commitments. The Parliament-20 meeting will be held from October 12 to 14 and presiding officers of the G20 countries and invitee nations will participate in the deliberations, Muktesh Pardeshi, Special Secretary, G20 India, told PTI here. «This is a meeting relating to speakers and presiding officers of the parliament from all over G20 countries and invitee countries.

G20 Summit, the Noida traffic department has decided to control the movement of heavy vehicles from Noida to Delhi. As per a TOI report, Between September 7 and 10, these vehicles will be rerouted via the Eastern Peripheral Expressway, according to DCP (traffic) Anil Kumar Yadav. The Delhi traffic department has already issued an advisory aimed at restricting the entry of heavy, medium, and light goods vehicles into the capital during the international summit.

Canadian uranium developer NexGen Energy has secured $US155 million ($240 million) in financing from investment house Washington H. Soul Pattinson and recourse sector investor Queens Road Capital.

Cryptoasset businesses in the United Kingdom could now begin withholding certain crypto transfers to comply with the new Travel Rule for crypto that came into effect on Sept. 1.

Canadian consumers are facing mounting financial pressure amid higher interest rates, and it’s something Canada’s biggest lenders are bracing for. But there are steps that borrowers — and the banks themselves — can take to soften the blow.

Drake and Travis Scott teamed up on August 29 in Vancouver, Canada, to perform their latest joint track, Meltdown, for the first time. The performance was a highlight of Drake's popular It's All a Blur tour, held at the Rodgers Arena. Originally, the tour was set to feature rapper 21 Savage alongside Drake.

Taylor Swift's concert film «The Eras Tour» is set to be screened in AMC Theaters across North America, including the U.S., Canada and Mexico. The film, which captures the essence of the tour's different eras, will debut on October 13.

As rising interest rates are boxing many individual buyers out of Canada’s housing market, brokerage Royal LePage says in a new report that Canadians are increasingly teaming up with family and friends just to afford a home.

Canadian Imperial Bank of Commerce (CIBC) missed analysts’ estimates for quarterly profit on Thursday, hurt by higher loan-loss provisions to cover for consumers struggling to make their repayments in a tough economy.

Narendra Modi on Thursday after meeting18-year-old chess prodigy R Praggnanandhaa and congratulating him on his brilliant performance at the International Chess Federation (FIDE). On social media platform X, Modi said that Praggnanandhaa personify passion and perseverance. The prime minister said, “Had very special visitors at 7, LKM today.

MONTREAL — Laurentian Bank of Canada reported a third-quarter profit of $49.3 million, down from $55.9 million in the same quarter last year.