Canada Financial News

Pierre Poilievre says Canada is broken. Polls say 70 per cent of Canadians agree. But what does that claim really mean?

TORONTO — The Canadian dollar is trading against the U.S. dollar at levels not seen since 2020 as the combined pressures of economic outlooks, elections, and energy prices weigh. Here’s what you need to know.

Canadian Prime Minister, Justin Trudeau, on Friday extended Diwali wishes amid tensions with India. «Today, we join millions of people in Canada and around the world to celebrate Diwali,» his statement read. “Diwali in Canada would not be possible without our incredible Indo-Canadian community," it further said. While lauding the Indo-Canadians, the PM said that they represent the best of Canada – as artists and entrepreneurs, as doctors and teachers, as leaders in business, community, and culture. «On Diwali, we celebrate them and the light they carry across Canada’s communities,» he further added. Explaining the significance of the auspicious occasion, Trudeau's statement read, «Diwali celebrates the triumph of good over evil, of knowledge over ignorance. On this day, families will gather to pray at mandirs, exchange gifts, and take part in festivities across the country. Homes will be lit with candles and diyas. Fireworks will embrace the sky. This is a holiday of hope, and the bright lights of Diwali encourage us all to defeat darkness and find purpose.»

the Education Amendment Act, 2024, that would require children under 16 to have parental consent if they want to change their names or pronouns at school.A similar law is on the books in Saskatchewan, where the government invoked the notwithstanding clause, a measure that allows governments to override certain Charter rights for up to five years.The bill would also require parents to opt-in for their children to be taught about sexual orientation and sexual and gender identity at school. The legislation also restricts any kind of curriculum that teaches about gender diversity.When asked how the rules would be enforced in schools, Smith said the Alberta Teaching Profession Commission has the ability to discipline teachers if they defy the government’s direction.The requirements would not apply in First Nations schools, but two-spirit Indigenous students in provincially run schools would be subject to them.The second bill, the Health Statutes Amendment Act, 2024, would prohibit doctors from treating those under 16 seeking transgender treatments such as puberty blockers and hormone therapies.It would also prohibit health professionals from performing sex reassignment surgeries on minors.

RCMP federal investigators say they have dismantled the largest drug superlab in Canadian history.

The Canadian economy posted flat growth in August, Statistics Canada said Thursday, but there were signs of a rebound stirring in September.

Russian military. The announcement was made by US Treasury and State Departments in what they described as «third-country enablers”. However, there is no independent verification if these Indian firms were part of efforts to boost Russian military apparatus. “…The U.S. Department of the Treasury sanctioned 275 individuals and entities involved in supplying Russia with advanced technology and equipment that it desperately needs to support its war machine. Today’s action targets both individual actors and sprawling sanctions evasion networks across 17 jurisdictions, including India, the People’s Republic of China (PRC), Switzerland, Thailand, and Türkiye,” according to the announcement.

Despite an oversized interest rate cut from the Bank of Canada last week, experts who spoke to Global News say Canadians shouldn’t be expecting much more discounting on fixed mortgage rates.

it was Kaur’s mother who discovered the 19-year-old in the oven at the Mumford Road big box store on Oct. 19.Both mother and daughter are a part of the Sikh community and had been working at the Walmart store for about two years.

The Associated Press has learned that two humpback whales were found dead and another seriously injured this year in huge nets used to collect krill for fishmeal and human dietary supplements near Antarctica

Taylor Swift is all set and ready to eventually conclude her heavily successful ‘Eras Tour’ while the three final shows are scheduled to be held at Indianapolis Lucas Oil Stadium starting from November 1, 2024 and ending on November 3, 2024 which will also feature special guest Gracie Abrams, reported New York Post. This actually marks the end of Taylor Swift’s US tour following a remarkable run which began in March 2023. New York Post reported that following the recent performances of Taylor Swift in New Orleans where she showcased various new outfits and surprise collaborations, her fans can certainly expect a very exciting finale in Indianapolis. Also Read :This is what Olivia Nuzzi has done to fight a messy legal battle with her ex, Ryan Lizza, over RFK Jr. scandal

Oil prices rebounded on Wednesday, rising more than 2% after data showed U.S. crude and gasoline inventories fell unexpectedly last week and on reports that OPEC+ may delay a planned oil output increase. After falling more than 6% earlier in the week on the reduced risk of wider Middle East war, Brent crude futures gained $1.81, or 2.5%, to $72.93 a barrel by 11:30 a.m. EDT (1530 GMT). U.S. West Texas Intermediate crude rose $1.85, or 2.8%, to $69.06.

Statistics Canada’s latest financial security survey shows a stark disparity between the wealth of homeowners and renters, even as it fails to capture the true scale what’s owned by Canada’s richest families.

The Canada Revenue Agency is getting out ahead of the confusion stoked by an eleventh-hour reversal on bare trust tax reporting requirements last year.

The head of Wealthsimple Inc. called Canada’s productivity problem an “absolute crisis” that will take a major entrepreneurial push to fix.

It’s not often that theBank of Canada decides to make a “jumbo” rate cut, but that’s exactly what it did last week when it cut its policy rate by 50 basis points to 3.75 per cent. A “jumbo” or “oversized” rate cut is a term used to describe moves of more than 25 basis points. Usually, jumbo cuts come when the bank has urgent concerns about economic growth and wants to quickly encourage economic activity, but that is not always the case. So why did the Bank of Canada go big last week, and what usually happens next? The Financial Post explains.

Opponents of Myanmar’s military government have welcomed the latest sanctions imposed by the European Union, the U.K. and Canada on individuals and entities supplying aviation fuel and equipment to the army

Indo-Canadians and Ottawa, this time involving not Prime Minister Justin Trudeau but the Leader of the Opposition, Pierre Poilievre. The office of Canada’s opposition leader has cancelled a Diwali celebration event scheduled to take place at Parliament Hill amid the ongoing diplomatic standoff with India without 'giving any explanation whatsoever', as claimed by the Overseas Friends of India Canada (OFIC). This comes following an going standoff between Ottawa and New Delhi. Canada in mid-October expelled Indian diplomats, linking them to the 2023 murder of Sikh separatist leader Hardeep Singh Nijjar on Canadian soil, post which India also ordered the expulsion of Canadian diplomats.

Halifax Walmart store where a 19-year-old employee was found dead in a walk-in oven more than a week ago.The order, which covered the bakery area of the Mumford Road Walmart and “a piece of equipment,” ended Monday evening.“The stop work order was lifted when compliance was confirmed, allowing bakery operations to safely resume should Walmart decide to do so,” the province’s Department of Labour, Skills and Immigration said in a statement Tuesday.A spokesperson with Walmart told Global News, however, the store remains closed until further notice. Employees who were scheduled for shifts will be paid, and “alternate work arrangements” will be considered if the closure extends for a “longer-than-anticipated period of time.”The store has been closed since Oct.

Amit Shah was behind the plots to target Sikh separatists on Canadian soil. The Indian government has dismissed Canada's prior accusations as baseless, denying any involvement. According to The Washington Post newspaper, Canadian officials alleged Shah was behind a campaign of violence and intimidation targeting Sikh separatists in Canada.

King Charles just recently ended the visit to Australia and Samoa which was for 10 days while it was eventually adjusted due to his ongoing cancer diagnosis. According to Veranda, in spite such challenging times, the Monarch has engaged in multiple activities during the tour and was reported to thrive during the tour while the tour eventually lifted his spirits. Veranda reported that the Buckingham Palace announced plans for a pretty normal looking overseas tour scheduled in the upcoming year of 2025 which eventually indicated a positive outlook on his health. At the same time, Buckingham Palace have not disclosed any specific details about the health and treatment of King Charles while maintaining a consistent stance since his diagnosis of an unspecified type of cancer during the early parts of this year. Also Read :Did Tim Walz push a Chinese Communist Party official’s daughter to the brink of suicide during a love affair in the 1980s? Here's the truth