Canada Financial News

Canada’s main stock index posted anemic gains Wednesday as a rise in battery metals, industrials and health care balanced out weakness in technology stocks, while U.S. markets were mixed after another central bank rate hike.

The Bank of Canada’s policymakers said they are still prepared to raise their benchmark interest rate further even as they hiked rates to their highest level in 22 years earlier this month.

MUMBAI : British officials negotiating a free trade agreement (FTA) are advocating bottling their whisky ‘in transit’ in a third country for reasons related to cost, logistics, and ‘premium-ness’ of the products, a person aware of the development said. Negotiations on alcoholic beverages assume significance as India considers opening its vast market to countries such as the UK, Australia, Canada, and the European Union (EU) under the FTA route. India emerged as the world’s largest consumer of scotch whisky—a key UK export—last year.

Canada's financial watchdog is proposing changes to its capital and liquidity approach to crypto assets, according to an announcement on July 26. According to the Office of the Superintendent of Financial Institutions (OSFI), the proposed rules will simplify institutions' approach to perceived crypto risks, defining four categories of crypto assets and their capital treatment.

The debate over using frozen Russian assets to fund Ukraine’s reconstruction is coming to a head. The arguments in favour are compelling. The objections are weak.

Lacasse has embarked on a new chapter in her career with her recent transfer to Arsenal, a move she sees as both a “dream” and a necessity. Having previously played for Benfica, she joined Arsenal ahead of the Women's World Cup, eager to embrace the challenges and opportunities that lie ahead. According to Daily Cannon report, Lacasse expressed her excitement about playing alongside Mead, Miedema, and Russo, stating that she sought healthy competition.

By Steve Scherer and Fergal Smith

Canadian retailer Loblaw on Wednesday beat Wall Street expectations for second-quarter revenue and profit, helped by sustained demand for groceries and drugs and higher prices.

Rogers Communications Inc. saw its profit decrease by 73 per cent to $109 million in its most recent quarter when it closed its deal to buy Shaw Communications Inc.

Justin Trudeau is expected to shuffle his cabinet Wednesday morning as issues continue to dog his Liberal government.The cabinet shuffle would come at a time when a July Ipsos poll conducted exclusively for Global News suggested 37 per cent of Canadians said they would vote for Pierre Poilievre’s Conservative Party if an election were held right now – a four-point jump since February.The Liberals would fall behind with 32 per cent of votes, which is one point lower than they got four months ago.Trudeau is scheduled to participate in a swearing-in ceremony of ministry members at 10:30 a.m. eastern at Rideau Hall in Ottawa, and is anticipated to speak to reporters at 12:15 p.m.

By Franco Terrazzano

They say that actions speak louder than words, and this definitely applies when it comes to the Bank of Canada.

SBB abruptly ended talks with Canada’s Brookfield Asset Management Ltd. over the sale of a 51 per cent stake in a portfolio of school buildings, reflecting the struggles the embattled Swedish landlord faces to close a looming funding gap.

Good morning,

By Jessica DiNapoli

By Steve Scherer and David Ljunggren

Emerging star Mary Fowler has been ruled out of the Matildas’ Women’s World Cup clash against Nigeria with a concussion.

By Kylie Madry and Aida Pelaez-Fernandez

By Marc Jones

Spotify is raising prices for its subscription plans across several countries, including Canada.

The month-long tournament commenced on Thursday, July 20, with the final scheduled for Sunday, August 20. The grand finale will take place at Stadium Australia in Sydney, a venue with an impressive capacity of 83,500 spectators, and known for hosting the Opening and Closing Ceremonies of the 2000 Olympic Games. The USWNT has the opportunity to make history by becoming the first team to win three consecutive Women's World Cups. They have been drawn into Group E, alongside formidable opponents such as the Netherlands, Portugal, and Vietnam. The team's group stage schedule includes matches against the Netherlands on Wednesday, July 26 (9:00 pm ET) and Portugal on Tuesday, August 1 (3:00 am ET). For soccer fans in the US eager to watch the action unfold live, the tournament will be broadcast on TV channels such as Telemundo, Universo, and Peacock, while live streaming will be available through Peacock. Fox holds the English-language media rights in the United States for the Women's World Cup. The United States started its bid for an unprecedented three-peat at the Women's World Cup with a 3-0 win over Vietnam. Winning a third straight title won't be easy for the No. 1 team in the world. Co-hosted by Australia and New Zealand, the quadrennial tournament for international soccer's most coveted trophy kicked off July 20 and features an expanded field of 32 teams, up from 24. There are 64 matches during the tournament. That means more competition for the two-time defending World Cup champion US, which won the 2015 event in Canada and the 2019 tournament in France.