Canada Financial News

Food Price Index tracks monthly changes in the international prices of globally-traded food commodities. Speaking of FAO's All Rice Price Index, it averaged 129.7 points in July against 126.2 points for the previous month, it said as reported by Reuters.

Narendra Modi announced that Indian students pursuing their master's studies in that country will be granted a five-year post-study visa. This betters the two-year post-study work visa arrangement put in place after Modi visited France in 2022. According to India Report Card 2022 of Duolingo, the certification-based language-learning programme, French has the highest number of learners in India after English and Hindi.

Facebook and Instagram parent company Meta is keeping its promise to block news content in Canada on its platforms in response to a new law that requires tech giants to pay publishers for linking to or otherwise repurposing their content online

Taylor Swift has sung that she’s the problem – but if the problem is what to do with boatloads of cash that she brings in for local economies, then it’s one Toronto is likely to welcome.

Ontario Teachers’ Pension Plan Board is considering making a US$100 million investment in Indian e-commerce logistics startup Xpressbees, according to people familiar with the matter.

Two statistics illustrate Canada’s disastrous economic outcomes in recent years and the bleak outlook. First, as Fraser Institute senior fellow and former Statistics Canada chief economic analyst Philip Cross observes in a recent study, Canada’s 10-year average real GDP growth per capita was its lowest since the Great Depression. And it’s not a problem we’ve imported: from the fourth quarter of 2015 to the fourth quarter of last year cumulative growth was about two per cent in Canada versus 12 per cent in the United States.

Canada’s new immigration minister said he is open to “having a conversation” on concerns raised by some economists and groups on rising immigration targets amid a housing shortage, but said he still has no plans to lower them in the near future. 

The labour market hit a speed bump in July with the unemployment rate rising and the economy unexpectedly shedding jobs, suggesting the Bank of Canada’s interest rate hikes are working to bring an overheated economy back into balance, though wage growth could present some risks.

Canaccord Genuity Group Inc. will take a restructuring charge after it let go of seven per cent of its North American staff, a response to its worst period in years for deal revenue.

(Reuters) -Canada's Magna International (NYSE:MGA) on Friday raised its full-year profit and sales outlook after its quarterly results beat estimates on solid demand for parts, as automakers ramp up production.

Forecasters have had an eye out for a recession for months, but it has yet to happen as the Canadian economy has proven resilient in the face of high inflation and rising interest rates. 

Cryptocurrency ownership in Canada declined in 2022 due to a plethora of factors including uncertainty in regulation, fear of digital asset scams, and unfavorable market conditions.

parliamentary committee on Friday batted for reducing the minimum age to contest Lok Sabha and assembly elections, saying it would give the youth equal opportunities to engage in democracy. According to the present legal framework, a person should be at least 25 years old to contest Lok Sabha and assembly polls. The minimum age to become a member of Rajya Sabha and state legislative council is 30 years. At present, the age at which a person can register as a voter is 18 years. For 'national elections' or Lok Sabha polls, it specifically recommended reducing the minimum age to contest from the present 25 years to 18. «After examining various countries' practices, such as Canada, the United Kingdom, and Australia, the Committee observes that the minimum age for candidacy in national elections needs to be 18 years. These nations' examples demonstrate that young individuals can be reliable and responsible political participants,» the Parliamentary Standing Committee on Law and Personnel said.

India REIT is planning to raise an additional up to Rs 1,150 crore through a combination of preferential issue of units to its sponsor group and commercial paper following its qualified institutional placement (QIP) worth Rs 2,305 crore earlier this week. The REIT will be raising nearly Rs 400 crore through the issuance of up to 1.27 crore units to a sponsor group entity Project Diamond Holdings.

The Bank of Canada (BOC) reported a decline in the ownership of Bitcoin (BTC) and cryptocurrencies in the country last year as neither market conditions nor regulations sided in the favor of Canadian crypto investors, according to a BOC study published last week.

Jennifer Allen, a Canadian surrogacy champion who helped well over 100 families achieve their dreams of having children, has died at age 36.

Also Read: Truecaller coming soon to WhatsApp: What is means for users and why it is a good news? In the viral video, the student introduced herself as Ekta. Replying to a question on ‘What brought her to Canada’, she said that it was her ‘dream to leave India’. She also added that after completing her degree in biotech in Canada, her future plan involves a career in business.

Alberta withdrew its support for a bid centred around Calgary/Edmonton to host the 2030 Commonwealth Games on Thursday, ending any chance of bringing the multi-sport showcase event back to Canada for its centennial. The decision was another blow for the embattled Commonwealth Games Federation (CGF) after Hamilton, Ontario, which hosted the inaugural Games in 1930, suspended its bid and Australian state Victoria last month withdrew as host of the 2026 Games due to projected cost overruns.

Canada’s main stock index closed down almost 100 points Thursday despite strength in energy stocks, while U.S. markets also moved lower a day after rating agency Fitch downgraded the U.S. government’s credit rating from AAA to AA+.

There’s been a lot of interest in opening a first home savings account (FHSA) among Canadians since the federal government introduced the registered plan in April, banks say, with tens of thousands of accounts already opened in just a few months.

Taylor Swift’s Eras Tour is finally coming to Canada next year with six shows at the Rogers Centre in Toronto.