Canada Financial News

Union Pacific’s third-quarter profit grew 9% as West Coast imports surged and drove the railroad’s total volume up 6%

Prime Minister Justin Trudeau says Canada will significantly reduce the number of new immigrants in the country after acknowledging his government failed to get the balance right coming out of the pandemic

Canada’s Rogers Communications on Thursday missed market expectations for third-quarter wireless subscriber additions, hit by cautious spending on its mobile plans and stiff competition in the telecom space.

“A young beautiful girl who came to Canada with big dreams” is how a 19-year-old Halifax Walmart employee is being remembered, as her friends and family struggle with the devastating details of her death.

Canada will reduce the number of new permanent residents to the country by 21 per cent by next year, Prime Minister Justin Trudeau and Immigration Minister Marc Miller announced on Thursday.

If you filled in your email address on the front page of your T1 personal tax return, you have officially registered to receive most Canada Revenue Agency communications via email notification. This means the onus is on you if you forget to check your email and miss an important communication, which could end up costing you big time should you miss a CRA notice of reassessment.

Rogers Communications Inc., Canada’s largest wireless company, says it’s close to a $7 billion structured equity investment to finance parts of its network and reduce its debt load.

By Wendell Cox

Canada will take the rare step of reducing its annual immigration targets on Thursday, according to a government source.

The Bank of Canada supersized its fourth consecutive interest rate cut to 50 basis points from the standard 25 basis points, bringing its benchmark lending rate below four per cent for the first time in two years.

Equifax Inc. is launching a program to allow newcomers to transfer their foreign credit history to Canada.

Already low on inventory, the used car market is facing an additional supply crunch as fewer off-lease vehicles return to dealership lots — and that’s contributing to higher prices.

Subscribe to enjoy similar stories. Lawrence Bishnoi, a 31-year-old vegetarian with a handlebar mustache who authorities say controls a violent gang from his high-security prison cell in India, is at the center of a diplomatic brawl between Canada and India. To Indian law-enforcement officials, Bishnoi is a “dreaded gangster" who over the past decade has made a daring prison break, threatened a Bollywood star, and found his gang accused of killing a rapper considered a rival.

immigration policy, Canada is set to reduce the number of immigrants it will admit in the coming years. A government source told Reuters, the new targets will see a decrease from 485,000 new permanent residents in 2024 to 395,000 in 2025, 380,000 in 2026, and 365,000 in 2027. This decision marks the first time in years that the Canadian government has lowered its immigration targets. The number of temporary residents will also decrease, with 2025 projections targeting 300,000, down by 30,000 from previous levels. The shift in policy was initially reported by The National Post. Canada has traditionally been known for its openness to newcomers. However, the landscape has changed in recent years amid a national debate fueled by rising housing costs. As interest rates increased over the past two years, home affordability has become a pressing concern for many Canadians. A surge in the immigrant population has contributed to record levels, intensifying demand for housing and pushing prices further up.

the body of a 19-year-old woman was discovered inside of a walk-in oven in the bakery department at a Walmart on Mumford Road in Halifax.Halifax Regional Police have remained tight-lipped on the details surrounding how it happened and have not released much information from the investigation.Police told Global News on Wednesday their officers are no longer at the scene but that other agencies may still be there, such as the province’s labour department.Nova Scotia’s medical examiner is working to determine the cause of death which has not yet been released.A police spokesperson said investigation is “complex” and there is no timeline on when further updates will be available.The store has remained closed to customers since Saturday night and there is no date for reopening.Walk-in ovens, also referred to as cabinet or batch ovens, allow for curing, drying or baking in batches using wheeled racks or carts.

The Bank of Canada dropped its policy rate by 50 basis points on Wednesday, bringing the interest rate down to 3.75 per cent, as policymakers try to keep inflation near their target with a fourth consecutive rate cut.

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

More and more companies are looking to bring employees back into the office.

The federal government is set to announce major changes to Canada’s immigration system on Thursday, three sources tell Global News.

The Bank of Canada delivered an oversized interest rate cut of half a percentage point on Wednesday, focusing now on boosting the Canadian economy amid signs inflation is well under control.

security adviser and the deputy minister of foreign affairs reportedly provided “sensitive intelligence about India to The Washington Post days before the RCMP publicly alleged that Indian government agents have been linked to homicides, extortions and other violent criminal activities in Canada,” leading Canadian daily Global and Mail alleged in its new report. “Two sources say Nathalie Drouin, a former deputy minister at Justice and now Mr. Trudeau’s top national security and intelligence adviser, and David Morrison, deputy minister at Global Affairs, gave a briefing on India’s interference operations in Canada to The Washington Post in the week before Thanksgiving. The intelligence was not to be reported until RCMP Commissioner Mike Duheme held a news conference on Thanksgiving Day,” The Globe and Mail reported quoting two sources. A spokesperson for Ms. Drouin and Mr. Morris denied any classified information was shared, according to Globe and Mail.