Canada Financial News

One or two more? It’s a question traders across markets have been vexing over as the Federal Reserve enters the final week to its July 26 rate decision. The debate, of course, is whether next week’s highly anticipated quarter-point hike will be the last in the central bank’s current tightening cycle. If so, then celebrations galore for most risk assets. If not, the head-scratching on direction continues for traders, especially in gold.

A recent Wall Street Journal editorial suggested Canada should sit at the kiddies table in the NATO alliance instead of with the adults. This is because as a share of GDP our defence spending is seventh lowest among NATO’s 31 member nations. It’s also lowest among the G7, which prompted the Journal to question whether we are still willing to accept our responsibilities as a member of the G7. It concluded that if this country “doesn’t want to play that role, then the G-7 should consider a replacement.”

Brent futures were up 63 cents at $80.26 a barrel by 1325 GMT while U.S. West Texas Intermediate (WTI) crude was up 51 cents at $76.26. China's top economic planner pledged on Tuesday to roll out policies to «restore and expand» consumption in the world's second-largest economy, which could boost oil demand.

An easing in overall inflation is not being mirrored in food prices, and experts say severe weather and geopolitical disruptions will continue to cause pain for Canadians at the grocery store.

Canada still plans to introduce a digital services tax in 2024 despite U.S. opposition, Finance Minister Chrystia Freeland said.

Onex Corp. is seeking US$750 million for a new fund dedicated to transportation investments, people familiar with the matter said, a test of its ability to raise money in a tough climate for private equity.

Canada’s luxury housing market has bounced back in recent months, but it’s also undergone a major change: the country’s four biggest markets can no longer be painted with the same broad brush.

On the eve of the Women’s World Cup, U.S. Soccer has extended its partnership with Visa for the next five years

Parkinson‘s may progress quietly but insidiously for many years before the neurodegenerative disease is diagnosed, according to a study conducted in mice. The research, published recently in the journal Nature Communications, sheds new light on the surprising resilience of the brain during the asymptomatic period of Parkinson’s.

Times of India has stated.   The Gujarat government sources told TOI that the city have been preparing to bid for 2030 Commonwealth Games and have been setting itself up for the infrastructure. The state had earlier set its target to complete the work by 2028, however, sources added that work will be completed before the 2026 games.

A former staff member of an Australian wagering and games developer looking to claw back unpaid salary, superannuation and annual leave has successfully fought to have its local operations forcibly wound up.

British Columbia’s port workers are back on the picket lines.

A look at the day ahead in European and global markets from Tom Westbrook

Canada’s main stock index gained almost 150 points, led by strength in the energy sector, while U.S. stock markets also rose.

Also read: Johnson & Johnson proposes nearly $9 billion settlement of talc cancer claims The $18.8 million award to Valadez could complicate J&J's efforts to convince other talc victims to accept an $8.9 billion settlement offered as part of the bankruptcy case filed by its LTL Management unit. This settlement was intended to cover all existing and future lawsuits alleging that J&J knowingly sold talc-based baby powder containing asbestos.

Reuters. She was visiting Vasanello, a village north of Rome In Greece, authorities told citizens close to a forest fire in Dervenochoria, north of Athens, to shut doors and windows as smoke approached. Extreme weather conditions are affecting Americans across the country.

The crypto hardware wallet producer Ledger is looking to expand into the Latin America region, and is targeting growth in “Central and South America.”

On the eve of the Women’s World Cup, U.S. Soccer has extended its partnership with Visa for the next five years

AMC has revealed that 40,000 of its movie club members have already secured tickets to experience both «Barbie» and «Oppenheimer» on the same day. The inception of the «Barbenheimer» meme occurred early last year when Warner Bros. announced that «Barbie» would coincide with Universal Pictures' release of «Oppenheimer.» Twitter users swiftly seized on the contrasting themes of the two movies, generating humorous quips about their lighthearted versus dark nature and engaging in a tongue-in-cheek battle for America's essence. Remarkably, this internet inside joke has transcended the virtual realm and become a real-life sensation in recent weeks. Online marketplaces like Etsy and Redbubble have been inundated with hundreds of handmade 'Barbenheimer' T-shirts. Social media platforms witness a constant stream of fan-made posters, receiving hundreds of thousands of «likes» for their captivating mashups. Opening-day screenings for both films have already sold out at major theater chains like AMC and Alamo Drafthouse, while independent cinemas across the country are embracing the trend by offering movie-inspired menus and hosting «Barbenheimer» costume parties.

The rise in consumer prices cooled to 2.8 per cent in June, Statistics Canada reported on July 18, slightly below consensus expectations and the slowest pace since March 2021. While within the Bank of Canada’s target range, some costs are still putting a strain on Canadians’ wallets. Here are five things in the inflation data that you should know about:

Many Canadians think high-income earners should pay their “fair share” of taxes, but they also think there should be a limit to just how much they’re required to fork over to the Canada Revenue Agency, with their idea of an appropriate ceiling lower than reality, recent research suggests.