Canada Financial News

Canada’s new finance minister said the government needs to preserve its fiscal ability to support households and businesses if Donald Trump’s tariff threats materialize into an economic shock.

This week, Canada’s mortgage rate scene was as quiet as a bank vault on Christmas Day. Only one national mortgage rate leader tweaked its offers since last Thursday. That was on the two-year insured fixed, which rose one-tenth of a percentage point to 4.74 per cent.

A protracted downturn in natural gas prices has battered the balance sheets of some oil and gas producers in Western Canada, driving insolvencies in the sector to their highest level in three years.

Despite moving to Canada from India in 2018 as an international student and receiving a work permit upon graduating two years later, Dinesh* lives in Ontario today as a visitor even though that was obviously not the original plan.

Imagine it: You buy a house, and the bank offers you a single rate of interest that will keep your mortgage payments steady for the next 30 years.

immigration officials stopped her from boarding a flight to Toronto. The arrest followed the discovery of irregularities in her passport, which had been tampered with to hide certain details about her travel. Satveer Kaur, a resident of Punjab, was set to travel to Toronto to join a new job after completing her higher studies in Canada. However, when officials examined her passport, they found that the arrival date of September 28 had been deleted. The police later revealed that Kaur had removed this date to prevent her parents from knowing when she had returned to India. According to a police official, «She said that her parents were unaware about her arrival on Sept 28. She did not want her parents to know about it as she had gone to meet her friend.»

Comprehensive Ranking System (CRS) for having an LMIA-based job offer, as per a CIC News report. Prior to this change, Express Entry candidates could receive an additional 50 or 200 CRS points for having an LMIA-based job offer. An additional 50 points can easily make the difference between a candidate receiving an invitation to apply (ITA) for permanent residency, or not being invited at all. Immigration Minister Marc Miller announced the change on Tuesday, December 17, in a televised interview.

U.S. safety regulators have backed away from seeking a recall of nearly 50 million air bag inflators

Alberta’s premier responded to President-elect Donald Trump’s trolling of Canada by saying the trade deficit with the country is due to billions of raw materials being sent south which creates trillions of wealth in America

The Canadian dollar’s slide continued Wednesday amid expectations for a slower pace of rate cuts from the U.S. Federal Reserve.

In her letter of resignation, Chrystia Freeland criticized Prime Minister Justin Trudeau in pushing for gimmicky tax holidays and one-time rebates rather keeping the government’s fiscal powder dry in case Canada faces aggressive Trump tariffs. She is absolutely right, of course. Bad things can happen — like the COVID pandemic — that ratchet up debt burdens and interest costs and eventually impair growth by raising interest rates or taxes.

Regarding our current predicament with our neighbours on the continent, I realize it risks a rebuke from Elon Musk to say so but if Americans had elected Kamala Harris last month, we would not currently be in a national panic about access to the U.S. market, and no one within 100 miles of the White House would be making sophomoric jokes about “Governor Justin Trudeau” of the “Great State of Canada.”

It’s not every day, or even every decade, that a big foreign bank decides to have a go at Canada’s retail banking market.

Temporary foreign workers who apply to become permanent residents through Canada’s immigration system will no longer get additional points if they have a job offer that’s supported by a Labour Market Impact Assessment (LMIA), Immigration Minister Marc Miller said on Tuesday.

Donald Trump lobbed a fresh taunt at Canada as Prime Minister Justin Trudeau tries to weather a crisis sparked by the sudden departure of a minister who was a bulwark against the U.S.president-elect’s plan to start trade wars with his neighbours.

Svetlana Dali certainly is tenacious.The alleged Delta Air Lines stowaway is, once again, making headlines — this time for trying to sneak her way into Canada, reportedly cutting off her ankle monitor before boarding a Greyhound bus to the Great White North.Dali, a 57-year-old Russian national, was taken into custody in Paris late last month after she snuck onto a Delta Air Lines flight at New York’s JFK International Airport without a boarding pass on Nov. 26 and flew all the way to Charles de Gaulle Airport in Paris, apparently concealing herself by spending long periods of time in the plane’s multiple bathrooms.She was detained when authorities discovered she didn’t have a valid visa to enter the country, French National Police said at the time.After two unsuccessful attempts to deport her back to the U.S.

Canada under Prime Minister Justin Trudeau took significant steps to limit immigration in 2024. Faced with domestic challenges including an acute housing crisis and growing public dissatisfaction over strained infrastructure, the Canadian government moved to curtail immigration and foreign student intake. These measures represented a stark departure from Canada’s historically open-door policies, sparking widespread debate both within and outside the country.

Canada has imposed economic sanctions on five Venezuelan officials, including the head of the country’s high court, accusing them of engaging in electoral fraud during the disputed July presidential election

Canada’s inflation rate slowed to 1.9 per cent in November, slightly below forecast and down from two per cent in October, a deceleration that economists said should give the Bank of Canada room to continue to ease its policy rate.