Canada Financial News

17.07 / 15:51

UPS Provident VISA Strategy MasterCard Long live the slowly dying and unlamented US dollar

A quiet but significant milestone was passed last year. For the first time in decades, by one estimation, the US dollar’s share in international reserves fell below 50%. Stephen Jen, a well-known currency analyst, estimates that the USD fell from about 73% of international reserves in 2001 to less than half in 2022.

17.07 / 15:51

UPS Target FIVE VISA Qualcomm US H-1B visa holders can now work and live in Canada under new scheme. Know more

H1-B specialty occupation visa holder work permit will be available as of July 16, 2023. Approved applicants will receive an open work permit of up to three years in duration, which means they will be able to work for almost any employer anywhere in Canada," an official government release explained.

17.07 / 14:29

Reuters Polymetal stake Glencore to buy remaining 18% stake in PolyMet Mining

PolyMet Mining Corp Monday said it has accepted Glencore Plc's proposal to buy the remaining 18% stake in the company, gaining full control of the mine development company, for about $73 million, reported Reuters. The PolyMet said Glencore, under a definitive agreement, would buy the roughly 18% of issued and outstanding shares it doesn't currently own for $2.11 per share in cash, 2.9% above the last closing price for PolyMet and more than double where it was trading in late June before Glencore pitched an offer to buy the shares.

17.07 / 12:41

Wildfires Wildfire BC Wildfire Wildfires have now burned 10M hectares of Canadian land

Canadian wildfires so far this year have burned 10 million hectares of land and counting, data from theCanadian Interagency Forest Fire Centre shows.

16.07 / 23:39

Firefighter dead in Northwest Territories, 2nd killed in Canada this wildfire season

Another firefighter has been killed during Canada’s worst wildfire season on record.

16.07 / 18:33

Citi FIVE Pool Overwatch Overwatch League to host Grand Finals 2023 in Toronto in 'new' playoffs format: Know dates and more

Canada's Toronto has been selected as the host city for the Overwatch League (OWL) Playoffs and Grand Finals 2023 in the upcoming Fall season. This highly anticipated event will bring together the best teams from the East and the top contenders from the West as they battle it out for the coveted title of 2023 champion. From September 28 to October 1, the Mattamy Athletic Centre will serve as the battleground for the final eight teams competing in this thrilling tournament.

16.07 / 17:39

Who are digital nomads and is Canada ready to welcome them?

Anna Ambroszkiewicz has a Polish passport, but says the whole world is her home. She has structured her life in a way that allows her to live in different places in the world for short periods of time — in short, she’s a “digital nomad.”

16.07 / 13:17

BLOCK Reuters Microsoft Mobile Nano Broadcom reports Deal Activision 4 big deal reports: FTC falls flat in attempt to block Microsoft-Activision

Investing.com — Here is your Pro Recap of 4 head-turning deal dispatches you may have missed last week: uncertainties loom around the Microsoft-Activision deal; Broadcom-VMware receives EC approval; Exxon Mobil to acquire Denbury; and Stratasys receives a sweetened offer from 3D Systems.

16.07 / 10:49

Target Japan finance minister: "No discussion" of exchange rates at G7 -Kyodo

By Kevin Buckland

16.07 / 10:29

MET Progressive Nirmala Sitharaman discusses trade negotiation progress with Canadian Dy PM

Finance Minister Nirmala Sitharaman and Canadian Deputy Prime Minister Chrystia Freeland on Sunday discussed the progress being made on ongoing bilateral trade negotiations. The two ministers met on the sidelines of the 3rd Finance Ministers and central bank governors meeting in Gandhinagar, Gujarat.

16.07 / 08:57

Citi Waves Citizens Google Action Fighting Mobile Indian We can expect more turbulence ahead in Indian diaspora politics

Diaspora politics is going to get a lot more complicated and recent turbulence is an indicator of the policy challenges ahead. Pro-Khalistan protests in the US, UK, Canada and Australia have descended into vandalism, arson, rioting, incitement to assassination and inter-group violence. Last year, there was Hindu-Muslim communal violence in Leicester.

16.07 / 08:03

UPS Digital Cooper Man Strategy Harmonic Commerce Ministry looking at ways to increase its bandwidth to negotiate free trade pacts

India for negotiating bilateral free trade agreements (FTAs) to boost economic ties, the commerce ministry is looking at ways to increase its bandwidth for undertaking these time and human resource consuming talks, a senior official said. The commerce ministry officials at present are negotiating several FTAs with countries including the UK, Canada and European Union. «Negotiations are really time consuming and energy consuming and human resource consuming.

16.07 / 06:55

Citi MET Waters Extreme Southern Global weather alert: Heatwave engulfs US, Europe, Japan while floods wreak havoc in India and South Korea

US predicts that the country is set to witness an “extremely hot and dangerous weekend". The prediction indicates that the heat could remain concentrated on the West Coast this weekend, things could get hotter in the South by early next week. The US weather agency noted that Phoenix is likely to record its hottest week on record, based on the 7-day temperature average.

16.07 / 05:37

UPS Citizens Action Bitcoin Centre Maharashtra police bust fake call centre cheating people in Canada; 23 arrested

fake call centre operating in Maharashtra's Palghar district and allegedly cheating people in Canada and threatening them to make payments for online purchases, officials said on Sunday. Twenty three people have so far been arrested in this connection, they said. Acting on a tip-off, the police raided the call centre, operating from six flats at a housing complex in Nane village of Wada taluka to evade coming under the scanner of security agencies, on the intervening night of Friday-Saturday, Superintendent of Police (Rural) Balasaheb Patil said.

16.07 / 05:21

UPS Fighting BWF open Lakshya Sen out of US Open, loses to Feng in semis

Ace Indian shuttler Lakshya Sen fought hard before going down in three games against reigning All England champion Li Shi Feng of China in the men's singles semifinals of the US Open badminton tournament. A Commonwealth Games gold medallist, Lakshya, seeded third here, lost 17-21, 24-22, 17-21 against second-seed Feng in a gruelling last-four match that lasted one hour and 16 minutes in the BWF Super 300 event on Saturday night.

16.07 / 05:21

UPS Citi Provident Lowe's Target global economy Charting the global economy: India may ban rice exports, China economy struggles

inflation rate slipped to a more than two-year low, spelling relief for American consumers and moving the Federal Reserve a step closer toward ending an historic cycle of interest-rate hikes. China’s economy continues to struggle, with recent trade figures showing the largest drop in exports since early 2020. Industrial output in Europe remains weak, while strong wage growth in the UK threatens to add to inflationary pressures. Here are some of the charts that appeared on Bloomberg this week on the latest developments in the global economy:

16.07 / 04:49

Progressive Landmark Trans Britain signs treaty to join trans-Pacific trade pact

By Lucy Craymer

16.07 / 01:15

interest rate Canada housing market Bank of Canada interest rate housing market Canada’s housing market keeps changing. How to navigate the bidding process

This article is part of Global News’ Home School series, which gives Canadians the basics they need to know about the housing market that they never learned in school.

15.07 / 19:35

COST Citi Twitter Career Remark Forbes play Taylor Swift’s Eras tour prompts leaders to ask her to play in their country, but why? Know about the superstar’s impact on economy

Taylor Swift's Eras tour has been a massive success, projected to earn a staggering $1.4 billion, which would make it the highest-grossing tour ever, according to Forbes. The first 22 performances of the tour alone brought in over $300 million, as reported by Pollstar. After deducting concert promoters and production costs, Forbes estimates that Swift earned around $100 million from these shows.

15.07 / 18:03

stake JSW Steel mulls bidding 20% stake in Canada's Teck coal unit: Report

JSW Steel Ltd is mulling a bid for as much as a 20 percent stake in Canada's Teck Resources Ltd.’s steelmaking coal business, reported Bloomberg on 15 July citing sources. According to the report, JSW has expressed preliminary interest and is also in discussions with banks over potential financing for the acquisition that may total about $2 billion. ALSO READ: Robust production volumes by steelmakers offers a glimpse into Q1FY24 results Though the deliberations are at an early stage, details such as price and timing could change, said the source.

15.07 / 16:21

UPS Provident Lowe's Reuters Action She's 47, anorexic and wants help dying. Canada will soon allow it

By Anna Mehler Paperny

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