Canada Financial News

Subscribe to enjoy similar stories. ROUYN-NORANDA, Quebec—One of the world’s largest miners is digging into America’s junk drawers, old phones and landfills. The quarry: bits of copper to meet the needs of the energy transition and data boom.

a countrywide strike entered its fifth day.“On smaller issues, we were able to find some progress,” said Canada Post spokesman Jon Hamilton in a phone interview.“The special mediator has helped facilitate those discussions. So we’re going to continue to be at it.

The Canadian Food Inspection Agency (CFIA) has recalled E. coli-tainted carrots following a U.S. health warning about the contaminated produce linked to one death and dozens of illnesses.

Canada’s point person for U

Reuters has hired Sally Buzbee, former executive editor of the Washington Post and Associated Press, to be its top news editor in the United States and Canada

Canada’s industrial heartland has had a tough year.

Bank managers and financial authorities need to develop ways to react more quickly and effectively to bank runs, such as the one that led to the collapse of California-based Silicon Valley Bank last year, leaders of G20 countries were warned on Monday.

Inflation in October came in at two per cent, back to the Bank of Canada’s target, but accelerating faster than economist predictions of 1.9 per cent year over year and higher than the 1.6 per cent recorded in September.

Canada’s inflation rate rose to two per cent in October, lowering the likelihood of another jumbo cut to interest rates by the Bank of Canada next month.

Compared to other Organization for Economic Co-operation and Development countries, Canada relies more on personal taxation revenues, which generally account for about 50 per cent of overall government revenues — that’s a big number — though it varies annually.

As car theft finally decelerates in Canada after a surge in recent years, the country’s top 10 stolen vehicles for 2023 have been revealed – and they’re mostly SUVs.The Toyota Highlander topped the list, with 3,413 thefts reported, according to the non-profit Équité Association. The Highlanders most commonly stolen were 2021 models.“The Toyota Highlander is a popular model in Canada, which is globally serviceable and has a high resale value both domestically and internationally,” Équité said in news release Tuesday.“It also shares similarities with nearly all of the vehicles on the national list, where the vehicles are 2019 or newer models, and have vulnerabilities that come with keyless ignitions, particularly as these vehicles do not come equipped with anti-theft devices aligned to the ULC 338 Anti-theft Standards.”The Dodge Ram 1500 Series truck came in second place with 3,078 thefts across the country last year, followed by the Lexus RX Series, which was stolen 3,037 times.The Honda CR-V, which was ranked Canada’s top stolen vehicle for two consecutive years, was bumped down to the fourth spot with 2,988 thefts.

The ban will be enforced during the winter months in three regions near Lake Baikal, where cryptocurrency mining has flourished in recent years due to the low cost of electricity, primarily generated by large hydropower plants.

The latest child benefits are going out to Canadian parents this week amid a postal disruption as thousands of Canada Post workers remain on a nationwide strike.

Canada Post and its workers’ union are entering a fresh round of mediated negotiations as a nationwide postal strike enters its fourth day

Canada Post employees are on strike and calls emerge to exclude Mexico from upcoming trade talks.While question period has continued, other house business is on hold due to a Conservative privilege motion calling on the government to turn over unredacted documents on a green technology fund.Prime Minister Justin Trudeau and some members of his cabinet are not in Ottawa for the first half of the week, as they attend the G20 meeting in Rio de Janeiro, Brazil.At the Asia-Pacific Economic Cooperation meeting in Lima, Peru this weekend, Foreign Affairs Minister Melanie Joly said many nations have been approaching Canada on how to work with the incoming Donald Trump administration in the United States.The Canada-U.S.-Mexico free trade agreement signed during the first Trump presidency is up for review in 2026, and the premiers of Ontario and Alberta say Canada should oust Mexico from the deal over not matching Canadian and American tariffs on imports like electric vehicles.

Business has been tough for a while now if your business is selling Canadian natural gas in North America.

Canada has introduced new regulations to safeguard its International Student Program (ISP), enhancing its sustainability and protecting students from abuse. The changes, confirmed by Immigration Minister Marc Miller, aim to ensure that international students have a secure and supportive academic experience while working within Canada's framework. These steps are part of Canada's broader goal to balance the country's immigration levels with long-term economic needs, as outlined in the 2025-2027 Immigration Levels Plan. A key update involves the adjustment of work hours for international students. As of now, eligible students can work up to 24 hours per week off-campus during their study periods.

Trudeau recently addressed the rationale behind Canada's new immigration cap, acknowledging past missteps in the immigration system and unveiling a plan to address ongoing challenges. In a 7-minute YouTube video, Trudeau reflected on how certain actors in the immigration system had exploited vulnerable individuals, creating significant issues in the country’s immigration framework.

Poultry on a commercial farm in England have been infected with the bird flu virus

Prime Minister Justin Trudeau says the federal government could have acted faster on reining in immigration programs, after blaming “bad actors” for gaming the system.Trudeau released a nearly seven-minute video on YouTube Sunday talking about the recent reduction in permanent residents being admitted to Canada and changes to the temporary foreign worker program.Over the next two years, the permanent residency stream is being reduced by about 20 per cent to 365,000 in 2027.In the video, Trudeau talks about the need to increase immigration after pandemic lockdowns ended in order to boost the labour market, saying the move helped avoid a full-blown recession.But after that, Trudeau says some “bad actors” took advantage of these programs, such as employers trying to avoid hiring Canadians, schools recruiting more international students for the higher tuition money, or scams promising bogus paths to citizenship.Trudeau says that he and his team could have acted quicker once it became apparent businesses didn’t need the added labour help anymore.Trudeau says the goal of the government’s immigration reduction is to help stabilize population growth while housing stocks catch up, and then to consider gradually increasing immigration rates once again.

Canada Post and the union representing striking postal workers will head back to the bargaining table on Monday, this time with a special mediator appointed by the federal government.Members of the Canadian Union of Postal Workers (CUPW) took to the picket lines Friday in a nationwide strike that has halted all mail and parcel service by the Crown corporation.Jan Simpson, president of CUPW, told Global News’s Amandalina Letterio on Sunday that talks between the union and employer are set to resume on Monday.Peter Simpson, a special mediator appointed by the federal government on Thursday, will guide the renewed negotiations.Jan Simpson said the union “looks forward to working with the new mediator,” adding that “the best collective agreements are those negotiated at the bargaining table.”A spokesperson for Canada Post told Global News on Sunday that the Crown corporation also supports the appointment of a special mediator, but added that “the parties remain far apart at the table.”“We remain committed to reaching new agreements at the bargaining table, and not through arbitration and discussions continue,” the spokesperson said.Labour Minister Steve MacKinnon said on Friday he “is not looking at any other solution other than negotiation” to end the Canada Post strike, which business groups have charged will have damaging consequences for the Canadian economy and small businesses.MacKinnon intervened this past week in port shutdowns across British Columbia and Quebec, ordering binding arbitration to get goods flowing again through maritime channels.Postal workers are seeking improvements in wages, benefits and health and safety conditions after years of stagnant pay through the COVID-19 pandemic and recovery.Canada Post