Canada Financial News

05.07 / 17:25

Facebook Google Platform resolution Canada govt sees possible resolution with Google, Meta on news law

Canadian government sees a path forward in resolving a dispute with Google and Meta Platforms over a new law on paying online news publishers that has led to the internet companies deciding to end news access on their platforms in Canada, Heritage Minister Pablo Rodriguez said on Wednesday. The government however will suspend all advertising on Facebook and Instagram meanwhile, Rodriguez said.

05.07 / 17:15

economy stocks stock market Money stock markets TSX Toronto Stock Exchange fall S&P/TSX composite down nearly 100 points as tech stocks fall, U.S. stocks also lower

Canada’s main stock index was down nearly 100 points, as losses in the technology sector helped lead the way lower, while U.S. stock markets fall fell in late-morning trading.

05.07 / 17:15

inflation interest rate Bank of Canada Canada’s labour market is showing signs of slowing. Will it help bring inflation down?

Early signs of wage growth slowing are an indicator the Bank of Canada’s fight against inflation is slowly gaining ground, economists said, but it’s too soon to tell whether Canadians will regain the purchasing power they lost amid sustained price growth.

05.07 / 17:15

interest rate guidelines Struggling mortgage holders could see lenders waive fees under new guidelines

Ottawa has published a new set of guidelines to standardize how Canada’s federally regulated lenders offer mortgage relief to consumers struggling under the weight of higher interest rates.

05.07 / 17:01

patient ‘It changed my life’: Ozempic patient shares her good, bad and scary side effects

For Edmonton native Susanne Brown, Ozempic has been life-changing. After being prescribed the drug, she climbs mountains, she’s training for a 10-kilometre run, and she’s ziplined through tropical forests in Mexico and swum in cenotes.

05.07 / 16:51

Citi Target Digital Amazon Aware Amazon Global Selling to surpass $8 bn in cumulative exports from India in 2023

NEW DELHI : Exports by Indian sellers to Amazon marketplaces the world over are on track to surpass $8 billion in 2023, said a top executive at the company. The business update comes over a year after the global e-commerce marketplace had doubled targets to achieve $20 billion in cumulative e-commerce exports from India by 2025. The update is part of Amazon Global Selling, the retailer’s e-commerce exports program, that has grown to more than 1.25 lakh Indian exporters since its launch in 2015.

05.07 / 16:19

Crime Charity Africa Royalties Cross-border Today in Crypto: NFT Royalties Reach Lowest Point in Two Years, Two Teens Arrested for BTC and ETH Scam, India and 18 Central Banks Discuss Using Digital Rupee for Cross-Border Payments

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________

05.07 / 15:55

inflation Grocery rebate for Canadians kicks in. Who is eligible?

Eleven million Canadians are set to receive the federal government’s one-time “grocery rebate” on Wednesday as high food prices persist across the country.

05.07 / 15:33

UPS Lowe's Twitter Binance Platform Action Australian Binance woes grow as Australian regulator searches crypto exchange's offices

Binance’s offices in Australia were searched by the country’s financial markets regulator as governments around the world turn up the heat on the biggest cryptocurrency exchange.

05.07 / 15:33

Man Action CRA CRA, ex-wife get paid before man's creditor after matrimonial home is sold

Many separated couples assume they are equal owners of their home, no matter whether both are on the title, but who actually owns the house matters if there is a separation, especially if one of the spouses has unpaid debt.

05.07 / 15:33

COST UPS Citi Lowe's RBC NOT Posthaste: Owning a home 'huge, if not impossible' stretch for many households in these Canadian cities

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05.07 / 14:43

UPS Gap Canada Immigration: Gap between rich and poor is widening at a record pace

Inflation, higher interest rates, and declining real estate values are worsening wealth inequality in Canada, with younger households bearing the brunt of the financial pain. The richest 20% of households controlled 67.8% of net worth in the country in the first quarter, while the bottom groups accounted for 2.7%, Statistics Canada reported Tuesday in Ottawa.

05.07 / 13:57

UPS Ethereum Target coinbase Discover Bitcoin Support Two Canadian Teens Charged for Impersonating Coinbase Support to Steal $4.2m in Crypto

A pair of teens from Hamilton, Canada, was recently arrested and charged with theft and possession of criminally obtained property after the authorities managed to trace $4.2 million in Bitcoin and Ethereum back to them.

05.07 / 12:17

Facebook BLOCK Google Platform Canada's Quebecor to pull its ads from Facebook, Instagram

Quebecor said on Wednesday it will pull its ads from Facebook and Instagram, following Meta Platforms' decision to stop access to news on both the social media platforms in Canada over a law requiring payments to local news publishers. The "Online News Act", or House of Commons bill C-18, introduced in April last year laid out rules to force companies such as Meta and Alphabet-owned Google to negotiate commercial deals and pay news publishers for their content.

05.07 / 11:15

UPS Extreme Manufacturing Strategy Discover Toyota Earth How China created the Africa’s rare earth element opportunity

By Gaurav Sen

05.07 / 01:55

Provident Matthews Khalistan India strongly raises Khalistan vandalism with US, Canada & Australia

India strongly raised the matter of Khalistani threats and vandalism with Canada, the United States and Australia, said people with knowledge of the matter. Close on the heels of Prime Minister Narendra Modi’s US visit, the Indian consulate in San Francisco was allegedly vandalised by Khalistani separatists, drawing a sharp condemnation from the United States State Department. “The US strongly condemns the reported vandalism and attempted arson against the Indian Consulate in San Francisco on Saturday.

04.07 / 23:57

Strike port strike bc port strike The longer the B.C. port strike lasts, the more you can expect to pay. Here’s why

A strike among B.C. cargo loaders at some of Canada’s biggest ports might push prices higher for consumers across the country if the work stoppage stretches much longer, experts say.

04.07 / 23:13

economy stocks stock market Money TSX Toronto Stock Exchange tsx s&p Energy stocks help lift S&P/TSX composite Tuesday as oil tops US$70 a barrel

Gains in energy and battery metals helped lift Canada’s main stock index higher Tuesday as the price of oil also rose above US$70 a barrel.

04.07 / 23:13

Real Estate inflation Canada housing Canada News Wealth gap between rich and poor widens at fastest pace on record in Canada

The wealth gap between the rich and poor in Canada widened at the fastest pace on record in the first quarter of 2023 compared with the year before, according to Statistics Canada, amid high inflation and declining real estate values.

04.07 / 23:13

port strike bc port strike B.C. port strike: What to know as disruption stretches into day 4

While some Canadians were lighting off fireworks and relaxing with friends over the Canada Day long weekend, longshoremen staffing some of the busiest ports in British Columbia were taking to the picket lines.

04.07 / 18:23

COST Target FIVE Aware Platform Strategy India offers unmatched scale: Nawal Saini

MUMBAI : Canada’s Brookfield Asset Management, one of the world’s largest renewable and infrastructure investors, has been investing aggressively in the Indian market, boosting its energy assets in the country fourfold to 16,000MW in just a year. In an interview, Nawal Saini, managing director of Brookfield’s Renewable Power and Transition Group, spoke about investments, opportunities in the country and the importance of India in its global expansion plans. Edited excerpts: We have been growing very consistently in the last four or five years.

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