Canada Financial News

The Canadian human rights watchdog is conducting a probe into the subsidiary of a prominent global sportswear company, Nike, as well as a gold mining company. As per media reports, the investigation stems from claims that either their supply chains or operations in China are involved in utilizing or profiting from the forced labour of Uighur individuals.

There may be movement towards an end to the bitter labour dispute that has shut down B.C.’s ports.

fertiliser producer Nutrien Ltd cut production on Tuesday, citing the impact of a 12-day-old strike in Canada's Pacific ports whose cost has now ballooned to an estimated C$6 billion ($4.5 billion). Some 7,500 dock workers represented by the International Longshore and Warehouse Union (ILWU) walked off on July 1 after failing to agree a new wage deal with the British Columbia Maritime Employers Association (BCMEA).

The Canadian Federation of Independent Business says “enough is enough” when it comes to the ongoing work stoppage at B.C. ports and is calling for an end to the strike that it says has affected half of small businesses in the country.

Premier League cricket matches. Disney also shed 300,000 customers in the United States and Canada, where it raised prices last December.

Laurentian Bank of Canada, which has been working on a turnaround under a new chief executive officer since late 2020, has started a strategic review that may lead to a sale.

Having exhausted their savings, Canadians are now struggling on a series of financial fronts, according to latest reading from an ongoing poll that is being released on the eve of the Bank of Canada‘s interest rate decision.

(Reuters) — Canada's banking regulator on Tuesday proposed changes to capital adequacy guidelines for lenders and insurers to help them manage mortgage risks better.

A showdown is underway between America’s tech giants Facebook and Google and Canada because Ottawa is finally going to force them to pay for copyrighted content produced by Canadian media companies that they have stolen for decades. Bill C-18 is Ottawa’s version of what Australia pulled off in 2021, which has been very successful.

BURLINGTON, Ont. — Ontario-based Global Fuels Inc. says it has signed a deal to acquire all of U.K.-based Greenergy’s Canadian retail fuel business.

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TORONTO — Intact Financial Corp. estimates its catastrophe losses for the second quarter were around $421 million on a pre-tax basis.

Hairdressers, beauticians, and accountants may be at a heightened risk of ovarian cancer because of environmental factors associated with their workplaces, new research published in the BMJ Journal Occupational & Environmental Medicine said. High long-term exposure to agents such as talcum powder, hair dust, ammonia, hydrogen peroxide, organic dyes and pigments, and bleaches was associated with an increased risk of more than 40 per cent, agents which are commonplace at workspaces of hairdressers, beauticians, barbers and related workers.

The digital asset industry reached over $3 trillion at its peak in November 2021. However, the custodial part of the market remained at the more modest mark of $447.9 billion in 2022. 

In a bid to address labour shortage crisis, Canada earlier this year announced to dramatically increased the immigrants' entry. According to the Immigration Levels Plan 2023-2025, the country aims to welcome 465,000 new immigrants in 2023. Then in 2024, the target is to invite 485,000 new immigrants and 500,000 new immigrants in 2025.

Rio Tinto will redouble efforts to find hard rock lithium in the Western Australian outback, after confirming it would extend an exploration partnership near the town of Sandstone for the third time in two years.

A U.N. agency tasked with regulating the deep sea is debating whether to open the Earth’s watery depths to countries and companies that are now allowed to start applying for provisional mining licenses

Nepal, where six people were killed in a helicopter crash on Tuesday, has a history of deadly air crashes. Below are details of plane and helicopter crashes this century in the Himalayan country, where several airlines fly to small airports in remote hills and mountains shrouded in clouds and cut off from roads.

A growing number of Canadians are worried that interest rates are rising faster than they keep up, new polling suggests, just as many economists expect the Bank of Canada will deliver another rate hike this week.

Danielle Smith posing with a man in a “Straight Pride” T-shirt at the Calgary Stampede this weekend is causing a stir.Smith’s office released a statement Monday saying: “The premier didn’t read his shirt and obviously doesn’t agree with its message.“She has always been clear that she supports the LGBTQ+ community and will continue our work to make sure they feel safe in our province.”The front of the man’s shirt reads: “Thank a straight person today for your existence” above the classic male/female stick figures — below: “Straight Pride.” The back of the shirt says “Good people disobey bad laws.”It is “unconscionable” that the premier’s staff would let her take a photo with someone representing such views, said Dr. Kristopher Wells, an associate professor at McEwan University.“I think it’s very concerning, it’s disturbing,” said the Canada Research chair for the public understanding of sexual and gender minority youth.

Toronto-listed shares in Patriot Battery Metals have soared overnight after the lithium explorer confirmed it had “received strong inbound interest… from a range of tier 1 global mining and chemicals companies”.