Canada Financial News

The government on Thursday announced a sweeping promise to make groceries, children’s clothing, Christmas trees, restaurant meals and more free from GST/HST between Dec. 14 and Feb. 15.

Canada’s banking and insurance regulator said it expects executives and boards to be accountable for their company culture, and it’s beefing up its rules on how to do that.

Canadian Prime Minister Justin Trudeau plans to temporarily lift the federal sales tax off a slew of items and send checks to millions of Canadians who are dealing with rising costs as a federal election looms

Last week, the Canada Revenue Agency (CRA) released the new tax numbers for 2025. Here’s what you need to know for next year.

With each passing year Canada Post sinks deeper into irrelevance, its 19th-century monopoly model eroding and overtaken by the miraculous forces of innovation and market competition. There was a time when management and the unions could parlay their way through ritual confrontations unphased by competitive risks.

Ben Woolfitt has the perfectly rumpled look of a Canadian abstract painter of international renown. With his shock of white hair, black-rimmed glasses, green pants and a t-shirt that rides up over his belly when he sits at the kitchen table in his groovy, two-storey painter’s loft, it’s hard to imagine the artist hanging his easels anywhere else.

Donald Trump has picked a former Michigan congressman as his upcoming administration’s ambassador to Canada.Trump said in a statement that Pete Hoekstra would help him “once again put America first.”Hoekstra thanked Trump on social media platform X, saying he was honoured for the opportunity.He must still be confirmed by the U.S. Senate.Hoekstra served as U.S.

Canadians hoping for a more snowy winter this year may be in luck — but where you live may influence how much and how long it will last.

The fee increases will apply to several types of applications, including those for the restoration of temporary resident status, authorization to return to Canada, criminal rehabilitation for serious criminality, and Temporary Resident Permits (TRPs). Immigration, Refugees and Citizenship Canada (IRCC) has not yet released the updated application fees.

The UK officially launched the Global Clean Power Alliance at the G20 Summit in Rio de Janeiro yesterday, fuelling hopes that a growing coalition of countries are willing to push for an ambitious new climate agreement at the COP29 Summit in Baku. Brazil, Australia, Barbados, Canada, Chile, Colombia, France, Germany, Morocco, Norway, Tanzania, and the African Union have committed to supporting the new alliance's first 'Mission', while the US and EU have been named as partners of the initiative.  COP29: Keir Starmer confirms UK will aim to cut emissions 81% by 2035 Prime Minister Kei...

Two proposed class-action lawsuits in the United States name two Canadian food companies as alleged members of a “potato cartel” that’s accused of a years-long campaign of fixing prices on frozen products.

The leader of Canada’s most populous province says all of the country’s provincial and territorial premiers want Prime Minister Justin Trudeau's federal government to negotiate a bilateral trade deal with the United States that excludes Mexico

The Alberta government has appointed former prime minister Stephen Harper as the new chair of AIMCo, less than two weeks after ousting the fund’s board of directors and its chief executive.

First things first. Hot off the press.

We are now on day six of the nationwide mail strike, after year-long negotiations between Canada Post and the Canadian Union of Postal Workers (CUPW) failed last week and 55,000 postal workers hit the picket lines — just ahead of Black Friday and the busy holiday season. Here’s the latest on the ongoing talks and the strike’s impact on Canada Post customers.

Numerous celebrities have expressed their wish to leave America in favour of a new life overseas ahead of his inauguration in January; many of them made their intentions known long before the election even happened, as quoted in a report by MarketWatch. A lot of celebrities, including Sharon Stone, are searching for a better life overseas. Stone, an A-lister, has revealed that she is considering a house in Italy, while Cher made clear her drastic steps if Trump were to fight his way into the White House again before the election.

President-elect Donald Trump has vowed to repeal President Joe Biden’s signature artificial intelligence policy when he returns to the White House for a second term

Tax Justice Network's 'State of Tax Justice 2024' report was made public on Tuesday. It has dropped like a grenade into the neatly-raked zen garden of global finance. The report reveals a staggering $492 bn lost annually to global tax- dodging that's lounging in secret offshore accounts, funding billionaire jets, yachts and even booking for future intergalactic travel. This is a tale of two kinds of tax-avoiders: one, corporate; the other, personal. Two-thirds of the total $347.6 bn comes from MNCs playing an elaborate game of offshore hopscotch to underpay taxes. The remaining third, $144.8 bn, stems from HNIs hiding their treasure chests in tax havens. So, who's enabling this grand evasion? Eight countries, the 'Elite Eight', are at the forefront: Australia, Canada, Israel, Japan, New Zealand, South Korea, Britain and the US. Together, these economic heavyweights are responsible for nearly half of global tax abuse losses.

Tens of thousands of British Columbians were without power on Wednesday after a bomb cyclone brought strong winds overnight.

Families of victims who were murdered by notorious serial killer and rapist Paul Bernardo have been barred from attending his upcoming parole hearing in person, according to the families’ lawyer.

World Trade Organization (WTO) India’s quality control orders (QCO) on various products including medical textiles, footwear and viscose staple fibre, and certain measures which restrict its import of copper, wooden boards and tyres. These issues came up at a meeting on market access in WTO on Wednesday. Last year, Canada, Japan, the UK and the EU had raised concerns at India’s QCOs terming them protectionist. “Some new trade concerns pertaining to India’s QCOs were raised at the meeting,” said a Geneva-based official.