Canada Financial News

A barrier to entry in some of Canada’s most expensive housing markets just got lower thanks to new changes impacting the country’s mortgage landscape.

Subscribe to enjoy similar stories. Nashik: Varsha Suresh Boraste was in her early twenties when her husband died in a road accident. The newly married bride turned widow was left with a three-month-old toddler and a tiny farm plot, just about two acres, in rural Maharashtra.

Indian students in Canada have reported receiving emails requesting them to resubmit important documents, including study permits, visas, and educational records such as marks and attendance. The request from Immigration, Refugees, and Citizenship Canada (IRCC) caused widespread panic among international students, many of whom hold visas with up to two years of validity.

Toronto concert following a dispute with Air Canada over his cello’s pre-booked seat.Kanneh-Mason, currently on tour in North America with his sister and pianist, Isata Kanneh-Mason, detailed the incident in a heartfelt Instagram post.“We were deeply saddened not to be able to perform for you at Koerner Hall last night,” they wrote Thursday.The siblings were scheduled to perform at the Koerner Hall on Wednesday, but a series of travel mishaps with the airline, resulted in the denial of boarding with his valuable instrument.“First we had delays, then a cancellation, and the day concluded by being denied boarding with the cello – despite having a confirmed seat for it – on a new, final flight into Toronto,” the siblings wrote.“After nine anxious hours at the airport, we realized our journey wasn’t going to be possible.”According to the musician’s website, his cello is on an indefinite loan to him, which requires special care and arrangements due to its historical value. In a statement from Air Canada, they said they regret that the customers were not able to travel as expected and will be in contact with them.The airline’s policy states that passengers may buy a seat for a musical instrument as long as they meet specific size and weight requirements.“In this case, the customers made a last-minute booking due to their original flight on another airline being cancelled.

Jordan Peterson, the polarizing Canadian psychologist, has bid Canada adieu and will now call the United States home, citing personal and professional reasons for the move.

(Bloomberg) — The Canadian government asked an independent labor board to order 55,000 Canada Post Corp. workers back to the job, a move that’s expected to end a strike that disrupted mail service for nearly a month during the busy holiday season.

Amid the ongoing Canada Post strike, federal Labour Minister Steven MacKinnon announced Friday that he is asking the Canada Industrial Relations Board (CIRB) to order workers back on the job if it agrees with his determination there is an “impasse” in negotiations.

Floating-rate borrowers got their Christmas bonus from the Bank of Canada on Wednesday: a half-point drop in their borrowing costs.

When Finance Minister Chrystia Freeland delivers her fall economic statement on Monday she’ll need to spin a good story. It won’t be easy. The deficit for this fiscal year is expected to running much higher than the $40.1 billion she promised, maybe even over $60 billion, crashing through one of her fiscal “guardrails.”

A handful of investors — including Spain’s Ferrovial SE and Canada’s Caisse de dépôt et placement du Québec — have sold down their holdings in the company that controls London’s Heathrow Airport in a transaction valued at £3.3 billion.

The path ahead for Toronto-Dominion Bank is rocky, but analysts at Jefferies Financial Group Inc. are predicting a recovery in the stock’s valuation as they turn bullish on the outlook for the Canadian lender and name it a top pick for 2025.

OTTAWA — The union representing Canada Post workers says an unfair labour practice complaint over the company’s layoffs has been resolved, calling it an important victory for workers’ rights.

OTTAWA — Federal Labour Minister Steven MacKinnon says he is “calling a timeout” in the Canada Post strike, and asking the Canada Industrial Relations Board to send about 55,000 employees back to work.

Taylor Swift has been urged to perform for free at Donald Trump’s 2025 inauguration by Laura Ingraham, who has given the pop star some progressive advice. She is instructed by Ingraham of Fox News to call Trump and offer to perform at his inauguration, as quoted in a report by The Express US. Taylor Swift has been advised by Fox News host Laura Ingraham to get in touch with President-elect Donald Trump in order to perform at his inauguration in 2025. Ingraham, who began contributing to Fox News in 2007 before receiving her program in 2017, said that it would be wise for Taylor Swift, and another wonderful moment of solidarity for the country.

Ontario Premier has eventually announced that the province is pretty well prepared to significantly retaliate against US President- elect Donald Trump's proposed 25% tariffs on Canadian goods by potentially cutting off energy exports to the US, reported Daily Beast. According to Daily Beast, in a pretty recent press conference following discussions with Canadian Prime Minister Justin Trudeau and other important provincial leaders, Doug Ford actually emphasized on the fact that Ontario would utilize ‘every tool in our toolbox’ to protect its economy and citizens. He also stated that Ontario supplies electricity to near about 1.5 million US homes which are primarily located in Michigan, Minnesota and New York while halting these exports would be a significant measure if tariffs are enacted. Also Read: Silicon Valley CEOs rush to mend relations with Trump; Bezos, Sundar Pichai to meet the President-elect, Amazon to donate $1 million for inauguration

The incoming administration of President-elect Donald Trump is likely to bring big changes to seafood, one of the oldest sectors of the U.S. economy

Bombay High Court has declined to quash proceedings against Hindustan Coca-Cola Beverages Private Limited, which faces allegations of selling adulterated beverages. The company had sought to dismiss the case initiated by a magistrate's court in Maharashtra's Jalna district after the Food and Drug Administration (FDA) found a fibrous substance and cobwebs inside bottles of 'Canada Dry', a sweetened carbonated drink. In 2001, during an inspection of Hindustan Coca-Cola’s product 'Canada Dry', the FDA discovered the contaminants in sealed bottles. A stock of 321 bottles, with an expiry date of December 12, 2001, was seized on July 27, 2001. Following tests, a complaint was filed against the company for allegedly violating the Prevention of Food Adulteration Act.

U.S. president-elect Donald Trump was asked about Ontario Premier Doug Ford’s recent warning that the province could cut off energy exports to about 1.5 million Americans if Trump lays threatened tariffs on Canada next month, saying Thursday it was “fine.”

Justin Trudeau to 'respond robustly' and some suggested cutting off energy supplies and highlighted other products that the US «relies on» Canada for, CBC News reported. Trudeau met with Canada's premiers on Wednesday to discuss Ottawa's plan to address Trump's concerns, the second meeting since Trump threatened to impose steep tariffs on Canadian imports after he will be sworn in as President in January. Canada's Finance Minister Chrystia Freeland, who was at Wednesday's meeting, says some premiers are in favour of robust response to threatened US tariffs, CBC News reported.

The Bank of Canada’s latest oversized interest rate cut isn’t expected to deliver immediate relief to the Canadian fixed-mortgage market, experts warn.

Global growth is forecast to moderate, partly due to the heightened uncertainty surrounding U.S. trade policy, and key economies like China, Europe and Canada are expected to loosen monetary policy significantly.