Canada Financial News

Oil prices inched lower on Friday as investors focused on a forecast of ample supply and shrugged off expectations of higher demand next year from Chinese stimulus measures, while eyeing another Federal Reserve interest rate cut next week. Brent crude futures edged down 8 cents to $73.33 a barrel by 0125 GMT while U.S. West Texas Intermediate crude was at $69.95 a barrel, down 7 cents.

Donald Trump had claimed that Canada should become US' 51st state, rather than an independent country, a statement that has brough in a lot of criticism from Canadian leaders and citizens. Meanwhile, with Trump coming to power in January, there are high chances that the United States may indulge in some major land purchasing deals, and expand its territories further.

A senior official in Canada’s most populous province says that Ontario could bar American-made alcohol and restrict electricity to three U.S. states if President-elect Donald Trump imposes sweeping tariffs on all Canadian products

You might have thought the Bank of Canada‘s latest interest rate cut — a second consecutive 50-basis-point whopper — would have sent the loonie plunging, but you were wrong if you did.

Transformers One has been released on digital platforms, allowing fans to enjoy the movie at home. The film explores the origins of iconic Transformers characters Optimus Prime and Megatron.

Canada and the USA has gone viral and grabbed the attention of the internet. The video claims to have legitimate information for those unemployed in these countries. It further showcases a techie who suggests a step-by-step process for getting the right experience. According to a techie earning $160,000 (Rs 1.35 crore), an extensive certificate, internships or projects will not help. He suggests GitHub or opting for open-source code. He further advised on beginning a contribution to the GitHub project. He warned that the process can be a “long grind” and one may not find much results. But slowly once when an individual starts to get the hang of it, then there will be results and recognition. As soon as the person gains recognition in the community, it becomes very easy to switch or pivot to any job that one wants.

MadeGood granola bars are being recalled in Canada over possible metal contamination, the company said.Riverside Natural Foods, the company behind the granola bars, issued a voluntary recall Monday due to the potential presence of metal fragments in the product, which could pose a safety hazard if eaten.“There is a very small risk that some of our granola bar products made between January and November 2024 may contain a piece of metal,” the company said in a statement posted on its Canadian website.“We have addressed the source of the issue and are conducting the voluntary recall with the knowledge of regulatory authorities.”The piece of metal is a small, flat brush bristle, the company added.No injuries have been reported, and the company said it issued the recall out of “an abundance of caution.”Specific products impacted by this recall include the following MadeGood products:Recalled products were produced between January and November 2024 and distributed throughout Canada, the United States and other international markets. Product UPCs and best-before dates included in the recall can be found here.If you have purchased a product that is part of the recall, you can return it to the store where you bought it.

Eras Tour’ by Taylor Swift concluded on December 8 this year in Vancouver located in Canada following a remarkable two year journey across five continents and 149 concerts, reported USA Today. According to USA Today, the tour which eventually grossed an estimated $2.1 billion was hugely celebrated for its elaborate performances and emotional connection with fans. Taylor Swift's choice of Vancouver as the final stop was deliberate as she praised the city's enthusiastic audience for their passionate sing along. As the tour has already wrapped up, speculations regarding the future projects of Taylor Swift are rife. Fans are eagerly anticipating an announcement for a new re-recorded album but still now, none has come. USA Today asserted that instead, Taylor Swift has two albums left to re-release which are named: ‘Reputation (Taylor's Version)’ and ‘Taylor Swift (Taylor's Version)’ with trademarks set to expire in the year 2025 if not utilized commercially.

US President- elect Donald Trump have recently mocked the Canadian Prime Minister Justin Trudeau on social media while referring to him as the ‘Governor of the Great State of Canada’, reported NBC News. According to NBC News, this certain comment was actually followed by a dinner at Mar-a-Lago, where Donald Trump and Justin Trudeau eventually discussed regarding potential tariffs on Canadian imports. At the same time, Donald Trump has threatened to impose a 25% tariff unless Canada addresses issues related to illegal immigration and drug trafficking. Also Read: What is Israel up to in Syria? Its tanks are just 24 kilometres southwest of Damascus

TikTok has challenged a Canadian government order to shut down the Chinese video-sharing app’s business operations in the country that was imposed over national security concerns

Canada’s central bank lowered its key interest rate by half a percentage point while highlighting the risk of U.S. President-elect Donald Trump's threat of tariffs on all Canadian products

Here’s the Bank of Canada’s official statement for its rate decision:

The Bank of Canada cut its benchmark lending rate by 50 basis points on Wednesday to 3.25 per cent.

The Bank of Canada cut its policy rate by 50 basis points to 3.25 per cent on Wednesday, a move widely expected by economists and markets.

Christopher Nolan's "Interstellar." The science fiction epic starring Matthew McConaughey and Anne Hathaway earned $4.5 million from only 166 screens in the U.S. and Canada. Its 70mm IMAX film presentations sold out in minutes, leaving theaters scrambling to add more and people paying up to $300 on the re-sale market. Those 10 film screens alone had a staggering $70,000 per theater average, one of the highest of the year and usually the bragging rights of acclaimed arthouse movies playing on only four screens.

Subscribe to enjoy similar stories. US President Harry S. Truman once famously asked for a “one-handed economist" because he was tired of economists who, instead of giving decisive answers, would say, “On the one hand, this, and on the other hand, that." As 2024 ends, we can see why that’s so.

Canadian lawmakers took aim at the country’s widely used money-transfer service, run by Interac Corp., and hinted that its owners should be forced to sell it.

With the Canada Post strike nearing four weeks, the postal service says it doesn’t see an end in sight.

The Bank of Canada is set to make its final policy rate decision of the year on Wednesday, with markets now betting the central bank will make another outsized cut of 50 basis points, bringing the rate down to 3.25 per cent.

A flurry of satirical articles and angry comebacks followed U.S. president-elect Donald Trump’s recent crack about making Canada the 51st state.