Canada Financial News

Digital asset investment products saw $55 million in outflows for the week of September 13-19, according to a report from CoinShares. 

Women's World Cup kicked off in Australia and New Zealand a month ago with some doubts it could deliver on lofty ambitions. Those concerns eased well before Sunday's final where Spain were crowned first-time champions by beating England 1-0 at a packed Stadium Australia in Sydney. Less than a year after a player revolt tore the Spanish squad apart, La Roja's triumph was only one of the surprises for record crowds and TV audiences through the month-long festival of women's football. Fears the first 32-team Women's World Cup might suffer for its size proved groundless, as did predictions of another processional victory for the United States. Sunday's final was the first without either the U.S. or Germany involved, the four-times champion Americans dumped out of the round-of-16 by Sweden and the Germans exiting before the knockout phase. The U.S.'s exit via penalty shootout ended a dynasty after back-to-back titles in 2015 and 2019. U.S.

wildfires in British Columbia and the Northwest Territories have caused “apocalyptic devastation” in those regions, Canada’s Prime Minister Justin Trudeau said Monday.A state of emergency has been declared in B.C., where hundreds of fires across the province have forced mass evacuations. In N.W.T., all residents of the territory’s capital have been ordered to evacuate because of the threat of an encroaching wildfire.Trudeau, speaking in Cornwall, P.E.I., ahead of a Liberal cabinet retreat, said he met with several N.W.T evacuees on Friday in Edmonton, where they had driven for hours to find safety from the Yellowknife-area fires.“People are facing horrific situations.

Royal Bank of Canada hired Credit Suisse Group AG banker Tim Perry, people with knowledge of the matter said.

Good morning,

Prime Minister Justin Trudeau is set to huddle with his new cabinet on how to address the soaring cost of living, a growing vulnerability for his government as more Canadians blame it for their rising bills.

Losses in the utility, financial and telecommunications sectors weighed on the Toronto Stock Exchange in late morning trading as Canada’s main stock index moved lower, while U.S. stock markets were mixed.

Justin Trudeau on Monday blasted Meta for banning domestic news from its platforms as wildfires rage, saying up-to-date information during a crisis is crucial. «Facebook is putting corporate profits ahead of people's safety,» he told a televised news conference in the Atlantic province of Prince Edward Island, saying the company's actions were «inconceivable.» Trudeau's comments represent the latest government attack on Meta, which this month started blocking news on its Facebook and Instagram platforms for all users in Canada in response to a new law requiring internet giants to pay for news articles. Federal Liberal cabinet ministers last week described the ban as reckless and irresponsible.

(Reuters) — Futures for Canada's main index edged higher on Monday, setting stocks for a rebound after a sharp selloff last week, driven by a rise in oil and precious metal prices, while investors await Federal Reserve Chair Jerome Powell's Jackson Hole speech.

FIFA World Cup events, the stage is set for an exciting future of international tournaments. Let's delve into what lies ahead in the realm of World Cup hosting. The year 2026 is poised to witness the FIFA World Cup make its way to North America.

In under a minute, Financial Post reporter, Bianca Bharti, shares your top stories in finance this week. To read more, click on the links below.

On a warm Friday afternoon on Aug. 17, 1923, a determined mother of two boys — one five, the other four — left her home in Toronto’s Cabbagetown and headed to the bank. Mrs. Hill was fretting about the coming winter, paying for coal and winter clothes for the boys she still called her “babies.” Her husband worked “odd jobs” and had “nearly starved himself” to save the $40 Mrs. Hill had tucked away in her purse. Last winter it was her parents that came through with money for coal and clothes. This winter her family would pay their way, she thought.

Sony PS5 standard disc edition at ₹47,490 only at participating retailers. The discount will be applicable from August 24, 2023 through September 2nd, 2023. As announced by the company, the ₹7,500 off PS5 promotion will be available at Amazon, Flipkart, Shopatsc, Reliance, Croma, Vijay Sales & select retailers The PS5 gaming console has two editions- the Standard and the Digital Edition.

By Allison Lampert and Doyinsola Oladipo

Novak Djokovic is set to face Carlos Alcaraz in the championship clash of the Western and Southern Open held in Cincinnati. This marks their fourth encounter on the court, with the third one this year alone. Notably, Djokovic is returning to Cincinnati after his last participation in 2020. In their head-to-head record, Alcaraz currently holds a 2-1 advantage over Djokovic. Their most recent showdown was an intense Wimbledon final in July, where Alcaraz triumphed with a 1-6, 7-6(6), 6-1, 3-6, 6-4 victory against the Serbian player. Throughout this season, both Djokovic and Alcaraz have displayed exceptional tennis skills, positioning themselves as the top two players globally. The victor of this final will not only secure the championship title but also claim the coveted World Number 1 ranking.

Canadian homeowners are having regrets over their current mortgage as they face unexpected increases in their monthly payments, says one new study.

With July inflation ramping up again on Tuesday, it’s obvious the battle ain’t over yet. The headline inflation rate jumped to 3.3 per cent from last month’s 2.8 per cent. While mortgage costs and food are major contributors to our stubborn inflation, energy prices have risen 5.8 per cent in the past four months, thanks in part to the carbon tax hike last April 1.

In a 10-minute video posted by Nishant Kalia, a Calgary-based YouTuber and recent immigrant who runs the In The North – Canada channel, discusses the possibility of a recession, rising rents and layoffs as he walks the streets of the city with his partner.

Ahead of Prime Minister Justin Trudeau’s cabinet shuffle last month, there was — for a brief Ottawa minute — speculation the government shakeup would include the departure of Deputy Prime Minister Chrystia Freeland, who also serves as the country’s finance minister.

Wages negotiated by union workers in Canada are creeping higher, complicating the central bank’s bid to restore price stability.

Rock-bottom prices on a variety of clothes and household goods has helped e-commerce marketplace Temu surge in popularity with Canadians as many continue to struggle with the cost of living, according to retail analysts.