Canada Financial News

Former US President Donald Trump's legal battles could soon affect his ability to travel internationally, as many countries have strict entry requirements that bar individuals with felony convictions. With Trump facing 34 felony charges related to his involvement in a hush money scheme during the 2016 election, his criminal record could complicate travel to several nations that enforce such policies. According to Newsweek, G7 countries like Canada, the United Kingdom, and Japan, along with others such as Israel and China, have policies preventing convicted felons from entering their borders. These restrictions could hinder Trump’s ability to travel abroad if his convictions stand, raising questions about how this might impact his international dealings, especially if he pursues a second term in office. These entry bans vary across countries. Some, like Canada and Japan, will deny entry to anyone with a felony conviction, while others, such as Brazil and Cambodia, may not check criminal records at the border but could deny entry if a conviction is discovered later.

Signs of strength in Canada’s labour market to close out 2024 are fuelling doubts among some Canadian economists about whether the central bank will deliver another interest cut later this month.

The Canadian Chamber of Commerce is calling on the federal government to restore clarity to the upcoming tax filing season by pre-emptively nixing its proposed changes to capital gains taxes.

milk linked to a deadly listeria outbreak has permanently closed all four of its plants.A spokesperson for Toronto-based Joriki said the closures meant the majority of Joriki’s employees were laid off when it shuttered its two plants in Ontario, one in B.C. and one in Pennsylvania owned by a subsidiary.The spokesperson said that as the company is pursuing creditor protection, it doesn’t have the finances to maintain operations and does not plan to reopen the plants.Joriki has filed for creditor production and says it plans to restructure its business.Its filings listed more than 100 organizations that Joriki owes over $200 million, including $775,000 in unpaid wages.The Canadian Food Inspection Agency said the company’s Pickering, Ont.

Some eligible working Canadians are set to receive advanced payments of workers benefits from the federal government this week.

A senior official says Canada is looking at putting retaliatory tariffs on American orange juice, sinks, toilets and some steel products if U.S. President-elect Donald Trump goes ahead with his threat to impose 25% on all Canadian products

Trump of Mar-a-Lago's newfound-land interest in Greenland, it's John Lennon. In the 1964 Richard Lester musical comedy, A Hard Day's Night, John is asked by a highfalutin journo after the Beatles' return to Britain from their first US tour earlier that year, 'Tell me, how did you find America?' Lennon's deadpan response: 'Turn left at Greenland.' The 18-year-old Don must have registered that wisecrack, and tucked it away for future greenscaping. With Greenland Don-marked, we now know about the autonomous territory of Denmark better than we ever did.

Loblaw is apologizing after the grocer confirmed some meat products sold in stores across Western Canada were underweighted compared with what was posted on the label, leading to some customers being overcharged.

Subscribe to enjoy similar stories. TORONTO—The last time the U.S. seriously floated the idea of taking over Canada, it was 1866, and the dust had just settled on the Civil War.

The loonie is struggling, putting a premium on anything Canadians buy that comes with a price tag in U.S. dollars.

Subscribe to enjoy similar stories. US President-elect Donald Trump’s Mar-a-Lago speech on Tuesday explains why the world is bracing for an uncertain future. Trump spoke candidly on a range of issues.

Canada’s retail industry is starting the year with several brands seeking creditor protection and closing stores.

Indian artisanal gin, single malt and coffee liqueur brands are planning to ramp up exports this year by debuting in new markets and categories.

Federal Reserve officials at their December meeting expressed concern about inflation and the impact that President-elect Donald Trump's policies could have, indicating that they would be moving more slowly on interest rate cuts because of the uncertainty, minutes released Wednesday showed. Without calling out Trump by name, the meeting summary featured at least four mentions about the impact that changes in immigration and trade policy could have on the U.S. economy. Since Trump's November election victory, he has signaled plans for aggressive, punitive tariffs on China, Mexico and Canada as well as the other U.S. trading partners. In addition, he intends to pursue more deregulation and mass deportations. However, the extent of what Trump's actions will be and specifically how they will be directed creates a band of ambiguity about what is ahead, which Federal Open Market Committee members said would require caution. «Almost all participants judged that upside risks to the inflation outlook had increased,» the minutes said. «As reasons for this judgment, participants cited recent stronger-than-expected readings on inflation and the likely effects of potential changes in trade and immigration policy.» FOMC members voted to lower the central bank's benchmark borrowing rate to a target range of 4.25%-4.5%. However, they also reduced their outlook for expected cuts in 2025 to two from four in the previous estimate at September's meeting, assuming quarter-point increments. The Fed cut a full point off the funds rate since September, and current market pricing is indicating just one or two more moves lower this year.

Canada’s largest banks may be the next group to walk away from the industry’s biggest climate-finance alliance.

Well, because Canada has had a left-leaning history with the Liberal Party (which, confusingly, shares its party colour, red, with America's Republican Party) in power pretty much most of the 20th century, and 15 of the 24 years in the 21st. If Canada were to become a US state, it would replace California as the largest.

Donald Trump, who has vowed tariffs of 10 per cent on global imports, and 60 per cent on Chinese goods, is considering declaring a national economic emergency to provide legal justification for a series of universal tariffs on allies and adversaries, CNN reported on Wednesday, citing unnamed sources familiar with the matter. The inauguration event is scheduled on January 20.

Donald Trump refused on Tuesday to rule out using military or economic action to pursue acquisition of the Panama Canal and Greenland, part of a broader expansionist agenda he has promoted since winning the Nov. 5 election.

The Bank of Montreal’s high reliance on business in the United States allowed chief executive Darryl White to get a good whiff of the uncertain economic environment south of the border about a year ago prior to the election and cuts in interest rates.

TORONTO — Incoming U.S. president Donald Trump‘s threats to use “economic force” against Canada and its industries are sparking worry and disbelief.

The impact of Justin Trudeau’s resignation on the Canadian dollar appears to be fading, as domestic politics take a backseat to systemic headwinds, including those caused by Trump tariffs and the expectation of more Bank of Canada rate cuts.