Canada Financial News

Following a quarter in which it began cutting 1,300 positions, shuttered six radio stations and closed two foreign news bureaus, BCE Inc. says more cost restructuring could be in store in response to declining ad revenue and regulatory hurdles.

Hasbro is selling its eOne television and movie business to Lionsgate in an approximately $500 million deal, after having paid $4 billion for the company four years ago

Justin Trudeau’s surprise announcement that he and his wife were separating, just a week after a broad cabinet reshuffle, underscores the Canadian prime minister’s focus and intent to lead the Liberal Party into a fourth election victory, despite sagging opinion polls, pollsters and insiders said.On Wednesday, Trudeau and his wife Sophie Gregoire Trudeau unexpectedly announced their separation, likely marking the end of their 18-year-long high profile marriage. The separation is one of Trudeau’s biggest personal crises, although insiders and political commentators said he wants to ride out the aftershocks.“He’s running again,” said a source close to Trudeau, when asked whether the news of the separation might be prompting second thoughts.

Taylor Swift fans in Canada can finally breathe easy.

Among the 2023 tax changes that took effect for this year is the brand new Multigenerational Home Renovation Tax Credit (MHRTC). This refundable credit was introduced to assist Canadians with the cost of renovating a home to create a secondary unit so that a family member who is over 65 years of age (or 18 if they qualify for the disability tax credit) can live with you. The credit is available for renovation expenses incurred in 2023 and beyond.

Companies accused of “greedflation” as the costs for goods and services hit multi-decade highs did not take advantage of inflation to raise prices more than necessary, new research from the Bank of Canada suggests, challenging recent statements made by bank officials.

(Reuters) — Canada's main stock index lagged at open on Thursday, hurt by losses in materials and financials stocks as risk appetite remained on a weak footing a day after a surprise downgrade of the United States' credit rating.

ASX-listed lithium, copper and gold explorer Mont Royal Resources was in front of fund managers on Thursday, seeking to raise $2 million.

New Delhi: Global anime brand Crunchyroll has announced that the streaming platform will be adding a new batch of series to its available AVoD (advertising-based video-on-demand) catalogue, including titles like Chainsaw Man, SPY x FAMILY, VINLAND SAGA, BLUELOCK, Lycoris Recoil, My Dress-Up Darling, and others. Crunchyroll, LLC is an independent joint venture between Sony Pictures Entertainment in US and Aniplex in Japan, a subsidiary of Sony Music Entertainment (Japan) Inc., both subsidiaries of Tokyo-based Sony Group Corp.

Bard. The startup, led by former Tesla employee Jim Keller, has raised $234.5 million to date and is currently valued at around $1 billion.

Company profits are not to blame for the high inflation Canadians experienced in the past two years, a Bank of Canada report suggests.

Emily Wright, a Toronto elementary school teacher, started taking the drug Ozempic in 2018 as a way to control her food cravings and blood sugar in her battle with Type 2 diabetes.

economy, this “Ozanada" would be the world’s fifth-largest, bigger than India and just behind Germany. Considering the two in tandem is not as nutty as it seems. Weather aside, they have a remarkable amount in common.

Canada's Prime Minister Justin Trudeau and his wife Sophie Trudeau announced their separation after a 18-year long marriage on Wednesday. "Sophie and I would like to share the fact that after many meaningful and difficult conversations, we have made the decision to separate," Canada's Prime Minister informed via a note shared on Instagram.

The federal government is trying to reclaim nearly $350 million in insurance paid to Suncor Energy Inc. in the wake of political unrest in Libya.

Equitable Bank reported its best ever quarterly earnings per share in the second quarter as high interest rates push Canadians to look for alternatives to traditional banking.

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Russell Crowe and directed by Julius Avery, premiered in theaters worldwide earlier in 2023. Now, it is scheduled to come to Netflix in the United States through the Sony Picture first window output deal. However, viewers in other regions will have to wait a bit longer before it becomes available on the platform. The movie, ‘The Pope’s Exorcist’ is based on the real-life files of Father Gabriele Amorth, who investigated a young boy's frightening possession. Alongside Crowe, the film features actors Daniel Zovatto, Alex Essoe, and Franco Nero. Reviews for the movie have been mixed, with Moviehole comparing it to a blend of The Da Vinci Code and The Exorcist, praising Crowe's performance as the standout factor. The Pope's Exorcist debuted in the United States on April 14th, 2023, while international regions showcased it a week earlier on April 7th. It grossed over $75 million at the box office and received mostly positive feedback from audiences, though critics' ratings on RottenTomatoes stand at 45%.

Justin Trudeau and his wife Sophie are separating and have signed a legal agreement, his office said in a statement on Wednesday that appeared to mark the end of the couple's 18-year marriage. «They have worked to ensure that all legal and ethical steps with regards to their decision to separate have been taken, and will continue to do so moving forward,» it said.

Canada’s main stock index fell in late-morning trading on Wednesday on broad-based losses as U.S. markets were also in decline.

By Duncan Munn and Alexandre Laurin