Canada Financial News

10.08 / 14:05

Citizens VISA Airlines country boost China Lifts Ban on Group Tours to U.S. and Other Countries, in Boost to Global Travel Industry

HONG KONG—China lifted restrictions on group tours to the U.S., Australia, South Korea and Japan on Thursday, a move that is set to boost global tourism after three years of pandemic restrictions. China’s Ministry of Culture and Tourism added almost 80 new destinations to a list of countries approved for group travel on Thursday, with immediate effect. The countries were the third batch of places that group tours led by travel operators can now visit, including some in East Asia that are among the most popular destinations for Chinese holiday makers.

10.08 / 09:39

UPS Indian PE Investment in Indian Realty recorded at $1.92 bn in Q2, up 60%

Indian Real Estate Sector recorded robust private equity investment of $1.92 bn in Q2 2023, highlighting investor confidence in the market after a marginally subdued Q1. This is 63% higher than the previous quarter (Q1-23) and 60% higher than the same period last year, according to Cushman & Wakefield’s latest Investment report.

10.08 / 09:15

Citi Provident band Canada: IELTS 6 bands in individual sections no longer needed for these students starting today

Starting today (August 10), IELTS test takers applying through Canada's Student Direct Stream (SDS) for study permits are no longer obligated to attain a minimum score of 6.0 bands in each individual section. Instead, a cumulative band score of 6.0 is now sufficient for IELTS. The changes have been made by Immigration, Refugees and Citizenship Canada (IRCC) to make the process smoother for the aspirants.

10.08 / 08:33

COST Gap ANZ track country New Zealand regulator fingers banks’ ‘persistently high profitability’

The “persistently high profitability” of Australia’s banks operating in New Zealand will be under increased scrutiny after the country’s competition regulator drew attention to the issue as it prepares for a major inquiry.

10.08 / 08:15

UPS VISA Airlines country China lifts bans on group tours to US, Japan and other key markets

China has lifted pandemic-era restrictions on group tours for more countries, including key markets such as the United States, Japan, South Korea and Australia in a potential boon for their tourism industries. The decision was announced by China's culture and tourism ministry on Thursday, effective immediately. Prior to the pandemic, mainland Chinese tourists spent more than any other country's tourists when abroad, clocking up a combined $255 billion in 2019 with group tours estimated to account for roughly 60% of that.

10.08 / 07:11

UPS Provident country network International Payments firm Network International revenue, profit rise on strong demand

Payments firm Network International Holdings posted higher half-year revenue and profit on Thursday, buoyed by steady merchant wins and growth in its outsourced payments services business. Network International's home market the United Arab Emirates has clocked strong growth where consumer spending is high due to the region's robust tourism.

10.08 / 03:09

COST Disney CEO Entertainment Strategy Parke services ad Disney hikes prices for ad-free Disney+ and Hulu services and vows crackdown on password sharing

Disney Co. CEO Bob Iger vowed to make its streaming services profitable via a planned October price hike on its ad-free Disney+ and Hulu plans and a crackdown on password sharing expected to extend through next year. The increases will raise the monthly cost of ad-free Disney+ by $3, or roughly 27%, to almost $14.

09.08 / 23:15

COST Manufacturing POT country Canopy Growth posts smaller Q1 core loss, reiterates going concern doubts

By Sourasis Bose

09.08 / 22:35

COST UPS Disney Entertainment Parke performer Costs Disney hikes streaming prices, focuses on costs as Iger moves to reassure investors

By Dawn Chmielewski

09.08 / 22:01

Disney Parke Nov Q3 services Disney Q3 revenue misses estimates; plans price hikes for streaming services

Investing.com — Walt Disney reported Wednesday mixed fiscal third-quarter results as revenue missed Wall Street estimates as momentum in its streaming business slowed, but the company detailed plans to hike prices for its streaming business to boost growth.

09.08 / 18:11

economy stocks stock market Money TSX Toronto Stock Exchange tsx s&p index S&P/TSX composite index ticks back up on Wednesday morning as U.S. markets droop

Canada’s main stock market inched upward in trading on Wednesday, rebounding slightly from the day before even as U.S. markets sagged.

09.08 / 17:29

COST UPS Citi Provident Enterprise social Indigenous Opinion: Homeownership is critical to solving Indigenous housing crisis

Many Indigenous communities in Canada are in crisis because of a severe shortage of adequate housing. According to a forthcoming study by the Assembly of First Nations and Indigenous Services Canada, First Nations reserves require $135 billion to address this deficiency. And that doesn’t include housing shortfalls in Métis settlements and Inuit communities, which could push the total need much higher.

09.08 / 17:29

Provident FIVE Compilation RBC Bank earnings Canadian big bank earnings to take hit from capital markets slump: RBC

Slumping capital markets and M&A revenues are set to hit earnings at Canada’s biggest banks when they report this month, according to Royal Bank of Canada.

09.08 / 17:29

UPS CEO Matthews Metro cover exclusive Matthew Lau: The NDP wants lower grocery prices but higher wages for grocery workers. How does that work?

The largest strike in the history of Canada’s largest private-sector union, Unifor, is currently underway, with 3,700 workers shutting down 27 Metro grocery stores in the Greater Toronto Area by refusing to work. The strike is supported by NDP Leader Jagmeet Singh, who in the same breath in which he rails against high prices at grocery stores demands grocery stores pay significantly higher prices for the labour that allows them to operate. It is not a political position calculated to demonstrate financial literacy, and is clear evidence the NDP cares nothing about actual food affordability: they just hate businesses earning profits.

09.08 / 16:53

Provident Citizens Align Continental country cover folk ‘Native American’ or ‘Indigenous’? Journalism group rethinks name

The Native American Journalists Association is aiming to become more inclusive as its members vote on whether to rebrand as the Indigenous Journalists Association

09.08 / 15:01

UPS Provident show country classical Affordability David Rosenberg: Why immigration could be good for housing affordability in the long run

By David Rosenberg and Atakan Bakiskan

09.08 / 15:01

COST UPS Citi FIVE RBC show Posthaste: Housing market faces 'bumpy' road amid high interest rates, RBC says

The Bank of Canada’s latest interest rate hikes appear to have put the brakes on the housing market rebound in many cities and the road ahead for further recovery is expected to be rocky, say economists at the Royal Bank of Canada.

09.08 / 15:01

COST UPS Provident Enterprise band Trans Indigenous stake Canada to sell Trans Mountain pipeline stake to Indigenous groups through special-purpose vehicle

Canada plans to sell a stake in the Trans Mountain oil pipeline to Indigenous groups through a special-purpose vehicle that will allow individual communities to buy into the enterprise.

09.08 / 14:33

Metro food inflation Metro posts massive profit as GTA workers continue to strike

Metro Inc. says earnings surged in its latest quarter, fuelled by higher same-store sales.

09.08 / 11:15

Law regulation Canadian police reported using Chainalysis Reactor to trace crypto crimes

Canadian law enforcement has started using specialized software to trace crypto while investigating cybercrimes. Police now have the ability to trace blockchain transactions, identify suspects and determine where funds have been deposited.

09.08 / 09:33

COST Provident Target Platform Parke Opera audience Explainer Centre Mint Explainer: What makes ITPO, India’s new convention centre, special?

₹2,700 crore. Mint details the features of the new convention centre, which is one of the largest in the world. • The Pragati Maidan Ccomplex with a campus area of approximately 123 acres is India’s largest MICE (meetings, incentives, conferences, and exhibitions) destination.

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