Canada Financial News

13.07 / 12:11

COST UPS Fighting CRA More than 1,000 Canadians take CRA to court over CERB payments — and some win

In late 2021, Tressa Mitchell was dealing with doctor’s appointments for her ailing mother when she got a call from the Canada Revenue Agency seeking information to verify her eligibility for the Canada Emergency Response Benefit.

13.07 / 10:19

UPS UBS Albemarle Macquarie valuation Macquarie stands by its valuation of Patriot Battery Metals

Macquarie analysts are standing by their valuation of Patriot Battery Metals, the ASX-listed lithium play that has come under attack from an activist short seller in the United States.

13.07 / 10:13

crypto mining GPU Artificial Intelligence Hive Blockchain Shifts Focus to AI, Rebrands as Hive Digital Technologies

Prominent crypto mining firm Hive Blockchain has rebranded itself to Hive Digital Technologies as the company shifts focuse toward artificial intelligence.

12.07 / 23:49

Toronto Passenger sits in blood-soaked area on flight from Paris to Toronto, investigation underway

TORONTO — Canada’s public health agency is investigating after a passenger on an Air France flight from Paris to Toronto said he sat amid the uncleaned remnants of a previous passenger’s hemorrhage.

12.07 / 22:27

UPS FIVE Homeowners Rate hike to squeeze homeowners, put pressure on house prices

Homeowners, particularly those with variable rate mortgages, are in for another dose of financial pain after the Bank of Canada raised interest rates for the third time this year, bringing its benchmark rate to five per cent.

12.07 / 19:39

FIVE Big banks raise prime rate to 7.2% after Bank of Canada hike

Canada’s big banks have started to increase their prime rate after the Bank of Canada raised its benchmark interest rate to five per cent.

12.07 / 19:15

UPS IPO BLOCK AXY Enterprise India Inc. kicks off fiscal with record $8.1 billion Q1 share sale

₹66,660.67 crore in the June quarter—the best-ever for any first quarter, Mint research showed. The amount was 29% higher than the ₹51,574.08 crore raised a year earlier from new investors. Bulk deals, qualified institutional placements (QIPs), offers for sale (OFS) and initial public offerings (IPOs) aim to raise money from new investors, unlike rights issues that are reserved for existing investors.

12.07 / 18:13

Toronto Stock Exchange As shares soar, is Laurentian Bank about to be put up for sale?

Shares of Laurentian Bank of Canada soared more than 30 per cent in early trading Wednesday after the bank said it was conducting a review of its strategic options to maximize shareholder value.

12.07 / 18:09

COST Provident Target Progressive Gap Strategy Bank of Canada Raises Rates to 5%, Sees Inflation Lingering

(Bloomberg) — The Bank of Canada raised interest rates for a second straight meeting, pushing back the timeline for inflation’s return to target while revising growth upward.

12.07 / 18:09

UPS Provident Target Booking HSBC Southern analysts Laurentian Bank could fetch $2.6 billion in potential sale, analysts say

Laurentian Bank of Canada would likely attract interest from all of the major Canadian banks and could fetch around $2.6 billion if it puts itself up for sale, according to National Bank of Canada analyst Gabriel Dechaine.

12.07 / 18:09

COST UPS Extreme Remark Labrador Canadians to pay for governments' pandemic overspending with their tax dollars: report

Canada’s senior governments weren’t transparent enough about the additional $309 billion spent during the COVID-19 crisis, argues a new report from the C.D. Howe Institute, which calls for improvements to the budgeting process.

12.07 / 18:09

Provident Lowe's Target FIVE Progressive Fighting rate hikes interest rate hikes More interest rate hikes 'cannot be ruled out': What economists are saying about the Bank of Canada decision

The Bank of Canada raised it benchmark lending rate 25 basis points to five per cent on July 12, adopting what economists called a “hawkish tone” and reminding Canadians that bringing inflation back to the two per cent target remains its priority.

12.07 / 18:09

COST UPS FIVE Action Fighting Bank of Canada hikes rate to 5% as pandemic savings stymie inflation fight

The Bank of Canada raised the key overnight interest rate by another 25 basis points to five per cent — its highest level since 2001 — as governor Tiff Macklem suggested residual pandemic savings have delayed the impact of efforts to rein in inflation.

12.07 / 17:43

COVID Over 1,000 Canadians took CRA to court over COVID benefits. Who won?

Canada Revenue Agency seeking information to verify her eligibility for the Canada Emergency Response Benefit.After the COVID-19 pandemic hit, Mitchell, who has a lung condition, took time off work as a cashier in Saskatchewan.

12.07 / 16:13

Citi Provident Reuters Silver Gold, silver prices surge by about ₹200 each as dollar dips; check prices

₹195 to ₹59,700 per 10 grams on Wednesday amid strong global cues. In the previous trade the precious metal at ₹59,505 per 10 grams. Silver increased by ₹200 to ₹72,700 per kilograms.

12.07 / 15:59

Reuters Progressive Software Enterprise Interface Marvell Broadcom European Commission Deal Broadcom's $61 billion VMware deal wins conditional EU antitrust OK

By Foo Yun Chee

12.07 / 14:47

COST UPS Target Reuters Bank of Canada hikes rates to 5%, inflation seen above 2% until 2025

By Steve Scherer and Ismail Shakil

12.07 / 14:17

inflation interest rate Bank of Canada Canada economy Bank of Canada interest rate Canada Interest Rate Bank of Canada raises policy rate to highest level in 22 years

The Bank of Canada has raised its benchmark interest rate by another 25 basis points, bringing it to levels not seen since 2001 amid fears the decline in inflation “could stall.”

12.07 / 12:51

UPS Ford Volkswagen Strategy Shell Deal Grab Big Automakers Grab $1 Billion Deal for Urgently Needed Battery Metals

The world’s largest automakers are moving deeper into the supply chain for metals to power their electric cars. A $1 billion deal set to close in the coming weeks highlights the urgency of their effort and the risks they are taking to get there. Volkswagen and Jeep maker Stellantis are each committing $100 million in a complicated transaction that will create a publicly traded mining company producing nickel and copper from two Brazilian mines that run on hydropower.

12.07 / 11:23

UPS Provident DOW Mobile Deal Domino’s Pizza Strikes Deal With Uber in Search for New Sales

Domino’s Pizza, hungry to claw back pizza sales now rung up on mobile apps, is reversing its long-held stance against working with food-delivery companies in the U.S. The world’s largest pizza company by sales and stores to announce Wednesday that it has signed a deal with Uber Technologies to list its menus on the ride-share company’s Eats and Postmates food-delivery apps across 28 of the pizza chain’s markets, including the U.S., U.K. and Canada, the companies said.

12.07 / 08:47

vaccine COVID SARS-CoV-2 fall Do you need a COVID booster this fall? Here’s what NACI recommends

Canada’s national immunization panel is recommending Canadians get another COVID-19 booster for the fall if it has been at least six months since their last vaccine shot or since last getting infected with the virus.

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