Canada Financial News

Headline inflation slowed to 2.8 per cent in June, beating analyst estimates of a year-over-year increase of three per cent, but some economists warn it could again rise above three per cent in the months to come.

The rise in consumer prices decelerated again in June, but costs for shelter and food are still putting a strain on Canadians’ wallets, evidence that bringing inflation down to target remains a tricky balancing act for the Bank of Canada.

Investing.com — Gold bulls were jolted from their reverie Tuesday, sending the yellow metal into an upswing mode for the first time in nearly a week and to 7-week highs after the European and Canadian central banks signaled hard-fought wins against inflation.

COVID-19 infection was just “average.” She recovered in a matter of days and went back to work.Several weeks later she was incapacitated.“I woke up completely disabled, profoundly ill (and) completely changed from my previous self,” the Toronto emergency room doctor said.The avid runner was now bedbound. She had difficulties focusing – barely able to remember her address.“I wasn’t able to parent my child.

The annual rate of inflation cooled to 2.8 per cent in June, marking a milestone in the Bank of Canada’s efforts to fight raging price pressures.

Nike has permanently ended its sponsorship of Hockey Canada as the national sports body continues to deal with the fallout over its handling of alleged sexual assaults.

Pressure from higher interest rates and a lack of affordable housing means renters living on minimum wage in almost every neighbourhood across Canada are falling behind, a new report shows.

Taiwan is looking to buy National Advanced Surface-to-Air Missile Systems, or NASAMS, from the United States to upgrade its air defence capabilities having seen how well they work in Ukraine, the island's defence minister said on Tuesday. China, which claims Taiwan as its own territory, has stepped up military and political pressure over the past three years to try to force the democratically governed island to accept Beijing's rule. NASAMS have been provided by the United States for use in Ukraine, with USA officials saying they have had a 100% success rate in intercepting Russian missiles. The system, developed and built by Raytheon Technologies and Norway's Kongsberg Gruppen is a short- to medium-range ground-based air defence system that protects against drone, missile, and aircraft attack, which both Canada and Lithuania have also bought, or are buying for Ukraine. Asked on the sidelines of parliament about Taiwan buying NASAMS, Defence Minister Chiu Kuo-cheng said «certainly» there was a proposal to get them.

India's masoor/lentil dal imports are set to soar as this cheaper substitute is being used to replace arhar/pigeon peas in sambar and dals at restaurants, dhabas and canteens. Being 60-70% cheaper and comparable in taste and texture to arhar, masoor has become a popular substitute for arhar in institutional setups. When eating dal or sambar at a restaurant, the chances are high that it is made either fully or partially using masoor dal instead of the traditional recipe of using arhar dal.

Yudiz is aiming to hit the D-Street in coming weeks and plans to ramp up offerings with the proceedings. The company is planning to spend Rs 12.31 crore to boost core offerings by looking at acquisitions across India, USA, Canada and Europe. In an exclusive interaction with ET Online’s Gourab Das, Bharat Patel, Chairman and Director at Yudiz, sheds light on India ambitions, gaming studio, acquisition plans and more.

Despite economic headwinds, there’s been no lack of activity in the local retail sector. And profit warnings from some of the country’s highest-profile brands – from Harvey Norman to Best & Less and Adairs – have not dulled interest in Australia from one major overseas retailer, Canada’s Dollarama, a Montreal-headquartered discount chain.

HDFC Bank and HDFC became the world’s seventh-most-valuable bank with its market capitalisation soaring to $154 billion, or Rs 12.66 lakh crore, on Monday. The market value of HDFC Bank is now more than that of Bank of China and Royal Bank of Canada. The merged entity was listed on Monday following the allotment of HDFC Bank shares to the shareholders of HDFC.

On Sunday, the Turkish ship TQ Samsun left the port of Odesa in Ukraine carrying 23,500 metric tons of corn and 15,300 metric tons of rapeseed to the Netherlands under the final hours of the Black Sea grain deal.

An attempt to sell of a pair of office towers in downtown Vancouver is being carefully watched by the commercial real estate world, and not just because Amazon.com Inc. is one of the primary tenants.

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Home prices in Canadian oil country are surging, driven by a rush of newcomers from abroad — as well as from more expensive markets across the nation.

Demand created from a record influx of immigrants could be one factor keeping inflation higher for longer than anticipated, some economists say, though Bank of Canada governor Tiff Macklem doesn’t appear overly worried about it.

Environment Minister Steven Guilbeault says the lack of progress in mining projects in the mineral-rich Ring of Fire region in Northern Ontario can likely be attributed to a lack of discussions with Indigenous nations.

code orange air quality action day has been declared by the Pennsylvania Department of Environmental Protection, advising children, older adults, and individuals with respiratory issues to minimize outdoor activities. Additionally, residents are strongly urged to contribute to pollution reduction by refraining from open burning and the use of gas-powered lawn equipment. While authorities have alerted the residents in Pennsylvania, it is crucial to understand the meaning of different colour codes for the air quality index.

The Bank of Canada has shifted to a less prescriptive messaging strategy than it used in January when it signaled a rate-hike pause that reignited the housing market, which added to inflation and the need to resume tightening five months later.

Losses in the base metal and utility stocks helped lead Canada’s main stock index lower in late-morning, while U.S. stock markets were up to start the trading week.