Canada Financial News

Trade has dominated the conversation in Canada since Donald Trump won the U.S. election and threatened to slap a 25 per cent tariff on all imported goods.

Rachel Reeves, the U.K.’s new chancellor of the exchequer, had a goal in mind when she flew to Toronto last August to meet with the heads of some of Canada’s largest pension funds.

Prime Minister Justin Trudeau‘s decision to step down in March will mark the end of a tumultuous era in the Canadian oilpatch that put the country’s energy sector on a collision course with a growing climate movement, the rise of green investing and organized political opposition to pipelines.

Last month, former Bank of Canada governorMark Carney appeared poised to become the country’s next finance minister. Now, he has an even bigger post in his sights.

Conservative Leader Pierre Poilievre on Thursday promised to reverse the Liberal government’s controversial changes to capital gains taxes if he takes power in the next federal election.

A local Ontario company responsible for the now-viral hat Doug Ford wore to a meeting with Canada’s Prime Minister and premiers to discuss Donald Trump’s tariff threat says the impact of Ford promoting its product has been “totally overwhelming.”

Bitcoin, which had fallen to $89K, a level it hadn’t seen in 24 days, has rebounded strongly. As of 11:00 am IST, Bitcoin was trading at $94,856, up 1.2%, after hitting an intraday low of $89,260. Ethereum slipped 0.9% to $3,174. Meanwhile, the global crypto market cap saw a 1% rise, reaching $3.29 trillion.

US President- elect Donald Trump eventually prepares to take office for a second term on the date of January 20, numerous significant changes to the US economy are anticipated specifically due to his proposed tariffs. According to GO Banking Rates, US President- elect Donald Trump has pledged to implement a 10% tariff on global imports, a 60% tariff on goods from China and a 25% tariff on imports from Canada and Mexico which could eventually lead to increased prices for everyday household items.

Signs of a burgeoning housing rebound fell flat as temperatures cooled across the country in December, but the Canadian Real Estate Association sees the stars aligning for a busy spring market.

A new report says the cost of insured damage caused by severe weather last year hit a record high as it totalled more than $8 billion.

A day after the federal government announced that its rebate program to lower the cost of electric vehicles had run out of funding, the auto sector is banding together to renew its calls to eliminate EV sales mandates.

Home prices soared during the pandemic housing boom, but it could be another four years before they return to those levels, say economists.

Black Hawk helicopters that will be used to help patrol the border.“We have deployed 60 new drones along our border with the United States, and we will be deploying additional surveillance towers. We are acquiring new technology such as x rays, mobile x rays, and handheld chemical analyzers.

Michigan Governor Gretchen Whitmer on Wednesday warned that potential 25 per cent tariffs on imports from Mexico and Canada suggested by President-elect Donald Trump could harm the US auto sector, boost vehicle prices and benefit China, as per a report.

Gurpatwant Singh Pannun by Indian agents in New York in 2023.

deadly and historically destructive wildfires, U.S. president-elect Donald Trump has made what experts call “preposterous” and false claims that California could have avoided the disaster by allowing water from Canada to flow through the state.Trump, who has fixated on California’s water management issues before and has raised them once again amid the fires, reiterated his claim about Canadian water in an interview with Newsmax Monday evening.“You know, when I was president, I demanded that this guy, the governor (of California), accept the water coming from the north, from way up in Canada,” Trump said.“It flows down right through Los Angeles.

protein powders, particularly plant-based and chocolate-flavoured varieties, have been found to contain heavy metals like lead and cadmium, according to a recent report out of the United States.The report released on Jan. 9 from the Clean Label Project, (a non-profit organization that examines labelling safety issues) tested 160 protein powder products from 70 leading brands, representing 83 per cent of the market share in the U.S.The tests screened for heavy metals, including lead, cadmium, arsenic and mercury.

Elon Musk, recently shared some insights into the personal philosophy that influenced her former husband's success during a TEDx talk. Justine Musk provided a unique perspective on the ambitious entrepreneur behind Tesla and SpaceX. Moreover, she emphasized on the importance of boundaries and focus while noting that Elon Musk’s ability to say ‘no’ was extremely crucial to his achievements.

Subscribe to enjoy similar stories. OTTAWA-Since Justin Trudeau said he would resign as prime minister, one Canadian politician after another has looked at running to lead the Liberal Party into new elections that polls show it will lose badly and said: “Not me." Now a prominent name is finally hinting he will run-Mark Carney, a familiar face to the world of finance as the former governor of both the Bank of Canada and the Bank of England and current chairman of Brookfield Asset Management. In an appearance Monday night on the Daily Show, he suggested "without mentioning his potential candidacy" that the party could benefit from an outsider with experience in economics and finance to help guide the Canadian economy at a precarious moment, given the threat by President-elect Donald Trump to slap a 25% tariff on all Canadian imports.

Spirits giant Brown-Forman Corp. says it’s reducing its global workforce by about 12% and closing its barrel-making plant in Louisville