Canada Financial News

Anita Anand is tasking federal cabinet ministers with finding $15.4 billion in government spending cuts by a deadline of Oct.

Indian Embassy beefed up. A large number of police personnel were deployed outside the premises of the Indian embassy, a video posted by news agency ANI showed. This came after Pro-Khalistan groups had planned to stage protests outside the Indian Embassy in Washington DC amid a scheduled Independence Day celebration.

Rep. Roger Williams, R-Texas, discusses the U.S. economy, COVID fraud and the border crisis on ‘Mornings with Maria.’

A slowdown in homebuying activity is giving Canada’s housing market time to build up inventory, according to the country’s real estate association.

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Fitch’s recent downgrade of U.S. public debt, dropping it one notch below “AAA,” is good reason to examine the relationship between U.S. debt and the dollar’s future as a reserve currency. The greenback is just the latest in a series of preferred currencies that have been used for foreign exchange reserves and to denominate other assets. But reserve currencies, unlike diamonds, aren’t necessarily forever, and that affects their issuers’ capacity to manage their public debt.

(Bloomberg) — Inflation ticked back above the Bank of Canada’s control range in July, but progress on underlying price pressures leaves room for policymakers to pause interest-rate hikes. 

Canada’s annual inflation rate rose at a faster pace than expected in July, threatening to complicate the Bank of Canada’s rate decision next month.

The Ontario Teachers’ Pension Plan Board posted a six-month net return of 1.9 per cent, contributing to a 12-month total-fund net return of 4.8 per cent and net assets of $249.8 billion, as of June 30, 2023.

The annual rate of inflation rose to 3.3 per cent in July, Statistics Canada said Tuesday.

OTTAWA (Reuters) — Canada's annual inflation rate surged more than expected to 3.3% in July, but core inflation measures were essentially unchanged and grocery prices increased at the slowest pace since February 2022, Statistics Canada data showed on Tuesday.

Netflix is starting its first public tests of cloud-streamed games, marking a significant step forward in its gaming endeavors. Starting Monday, a select group of Netflix subscribers in Canada and the UK will have the opportunity to try out games streamed directly from Netflix.com to compatible TVs and connected TV devices, according to a report.

The waning of a factor helping to push down inflation means the Bank of Canada will be relying on a pronounced slowdown in the economy this fall to keep prices from rising more, experts say.

Lebanon’s interim central bank governor has frozen the accounts of the banks embattled former chief and close relatives and associates

The City of Yellowknife declared a state of local emergency due to surrounding wildfires on Monday night.

Canada’s main stock index closed down more than 100 points Monday on broad-based weakness, while U.S. stock markets rose after a day of mixed trading.

Chris Burke and his fiancee have been less than a year away from buying their first home for the past three years.

energy drinks have been recalled by the Canadian Food Inspection Agency (CFIA) due to improper labelling and the levels of caffeine in the product.The CFIA issued the recall Friday, saying it impacts all flavours of Monster brand energy drinks that contain caffeine and do not have bilingual labelling in English and French.“The affected products are being recalled from the marketplace due to various non-compliances related to caffeine content and labelling requirements,” the CFIA said in a statement.The agency advised Canadians not to consume, serve or distribute the recalled product, adding it should be thrown out or returned where purchased.There have been no reported illnesses linked to the consumption of Monster energy drinks, the CFIA said.If you’ve experienced illness from consuming a Monster energy drink, the CFIA recommends that you reach out to your health-care provider.“High levels of caffeine may have adverse health effects for children, pregnant individuals, breastfeeding individuals and those sensitive to caffeine,” the CFIA said. “Exercising while consuming caffeine may lead to adverse health effects.

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

Cryptocurrency exchange Coinbase announced an expansion of its services offered to Canadian users on Aug. 14 through a partnership with local financial services company Peoples Trust Company. 

OTTAWA — Forecasters anticipate this week’s consumer price index report to show inflation rose last month, signalling a reversal in progress after a year of steady declines in inflation.