Canada Financial News

Canada’s economy likely contracted in November, signalling that growth could come in lower than the Bank of Canada’s latest forecast for the final quarter of 2024, economists say.

yellow peas by two more months until February 2025, according to an official notification from Directorate General of Foreign Trade (DGFT).

First it was Canada, then the Panama Canal. Now, Donald Trump again wants Greenland.

Two of Japan’s largest automakers – Nissan and Honda – announced on Monday that they plan to work toward a merger, which would make the combined entity the third-largest vehicle manufacturer in the world.

The Bank of Canada’s decision to cut rates by 50 basis points on Dec 11 was a close call, with some members of the governing council suggesting a smaller reduction, according to minutes released on Friday.

Panama Canal and his expansionist declaration that the United States should own Greenland signals that the incoming U.S. president will pursue a foreign policy unbound by diplomatic niceties.

Chrystia Freeland, now a member of the Liberal backbench, is the pick of several of her backbench peers to succeed Justin Trudeau as leader and as prime minister of Canada.But her popularity is not universal, some MPs have told Global News.In fact, some of Trudeau’s ministers resent the method and timing of her departure, a sharply worded resignation letter that dropped hours before Freeland was to table her government’s Fall Economic Statement a week ago.“Chrystia Freeland’s actions are deeply disappointing,” said Brampton, Ont., Liberal MP Kamal Khera who is also the minister of diversity, inclusion and persons with disabilities.“At a time when unity is critical, her decision to undermine the Prime Minister and this government is reckless and self-serving.”As a member of the Ontario Liberal caucus, Khera and several other ministers were present for a virtual meeting of that caucus Saturday. Some Liberal MPs who participated in that meeting said that that there was “strong consensus” or a “clear consensus” that Trudeau step down as leader.But, in a statement to Global News, Khera defended Trudeau.“The PM has led us through three elections, a pandemic, and countless challenges with a vision Canadians trust.

It was a special year for Montreal-based National Bank of Canada, given that the country’s sixth-largest lender beat analysts’ expectations every quarter in this fiscal year, topped its all-time share price high and dominated headlines with its bid to take over Edmonton-based Canadian Western Bank (CWB).

Christmas is only a few days away and many Americans wait for a white Christmas, but few will end up walking in the snow. The weather is predicted to be warm and above average across the continental US for Christmas week of 2024. This is likely to result in precipitation that falls as rain, not snow, for many parts of the country, as per the CBS news weather report.

National Bank of Canada says it’s received approval from the federal finance minister to acquire Canadian Western Bank (CWB).

The organizations representing chartered professional accountants in Quebec and Ontario are officially split from Chartered Professional Accountants (CPA) Canada as of Friday.

Trudeau government in Canada, as ex-House Speaker Newt Gringrich has claimed that the people of Canada and the House is losing confidence in the reigning Canadian PM, based on the way caved in to Trump recently. Gingrich went on to say that Trump has had an undue influence on Trudeau and the overall perspective changed about the Canadian PM in this sudden ceasefire of sots, which was looking impossible at a point when Trudeau was going all guns blazing.

National Bank of Canada’s $5-billion takeover of Canadian Western Bank has cleared its final regulatory hurdle.

EDMONTON — Alberta Premier Danielle Smith says the province has heard back from Canada’s chief actuary on its bid to leave the Canada Pension Plan but says there’s no estimate on how much the province should get.

While Monday’s 2024 Fall Economic Statement contained very little in the way of tax changes, the government did provide further details on its progress toward automatic tax filing, at least for some Canadians.

With president-elect Donald Trump threatening punitive tariffs of 25 per cent, Canada should look to a reliable, old ally for expanding trade: the United Kingdom.

It’s been an action-packed year for the Bank of Canada, with policymakers cutting interest rates five consecutive times by a total of 175 basis points.

Justin Trudeau will shuffle his Cabinet Friday. The prime minister's office confirmed late Thursday that Trudeau will participate in the swearing-in ceremony and chair a meeting with his new Cabinet later Friday. Trudeau is facing rising discontent over his leadership, and the abrupt departure of his finance minister on Monday could be something he can't recover from.

Business Overview

Investment bankers are urging Toronto-listed companies to buy a business or raise some money as deal volumes in Canada have fallen to their lowest levels in 23 years.