Canada Financial News

19.10 / 09:49
markets Digital Experts PAM country strain rowing "Trudeau government intensely interested in escalation," say policy experts on India-Canada row
foreign policy experts have expressed their views on how Canada's rogue allegations have strained the relationship between the two countries. In an interview to ANI, defence expert Shiwalee Deshpande said that the relations have soured significantly between the two countries. «The matters are very, very serious and the relations are strained because of the comments made by Justin Trudeau.» Commenting on the Indian government's decision to call back Indian diplomats from Canada and expelling Canadian diplomats from India, she noted that it was, «A very strong step taken by the Indian government. It showed to the whole world that don't mess with India, otherwise India would come out to be very, very strong.
19.10 / 00:17
markets Cooper Assurant Food wellness Trade country Why India isn't worried about the pulse supplies from Canada
Subscribe to enjoy similar stories. The emergence of Australia as a viable source of pulses, as well as growing local production of the commodity, have brought relief for India, that has traditionally depended on Canada for the bulk of its lentils imports. A murder in Canada last year has escalated into a diplomatic conflict between the two countries, casting a shadow over trade relations.
18.10 / 13:05
markets UPS Target economy wellness Look to bond yields after next week's Bank of Canada announcement. They're like a GPS for fixed-rate mortgages
With Canada’s official inflation measure now well below the two per cent target, two-thirds of economists think the Bank of Canada will slash its rate by 50 basis points on Wednesday. (A basis point is one-hundredth of a percentage point.)
18.10 / 13:05
markets UPS economy pandemic country gatherings Posthaste: There's now a bigger risk to Canada's economy than the mortgage renewal cliff
The mortgage renewal cliff has loomed like a dark cloud over Canada’s economy ever since its central bank began aggressively hiking interest rates back in 2022.
18.10 / 13:05
Provident Airlines DNA folk Updates For mortgage rates this week, it's the calm before the storm
Leading mortgage rates have gone into hibernation. After spiking last week, not a single rate from a leading nationwide lender has budged. That’s as rare as a comfortable seat on a discount airline.
18.10 / 13:05
CRA Nov information recommendations donates Courts Why you should check your tax return, even if a professional prepared it
Many Canadians will likely agree that our tax system is overly complex, which is why millions hire an accountant or tax professional to prepare their tax returns each year. But, just because you hire a pro to prepare your return, doesn’t mean you’re not fully accountable — and ultimately liable — for the information contained inside it.
18.10 / 09:55
markets Digital Action Deloitte Experts PAM 2020 India hitting back? Canada's border police officer named in terror case
Khalistani terrorists. After the Royal Canadian Mounted Police claimed a few days ago that the Lawrence Bishnoi gang active in Canada was linked to Indian government agents, India's Ministry of External Affairs pointed out the Canadian government had ignored India's request in the past to deport members of Bishnoi gang operating from Canada. Also Read: US charges ex-Indian intelligence official in foiled Sikh separatist Gurpatwant Singh Pannun murder plot
18.10 / 09:55
markets Reuters Digital Citizens Analysis Justice reports Who is Gurpatwant Singh Pannun, Khalistani separatist believed to be the brainchild of Pakistan's ISI?
Gurpatwant Singh Pannun, the Khalistani separatist and Indian-origin citizen of the US and Canada, is in the spotlight after US this week named Vikash Yadav, a former Indian intelligence officer once associated with the Research and Analysis Wing, or R&AW — as the central figure in a failed plot to kill him. According to a wanted poster by the Federal Bureau of Investigation (FBI), Vikas Yadav is the second Indian to be named in this controversy. The US Justice Department has charged Vikash Yadav with murder-for-hire and money laundering. According to reports, the plot allegedly began in May 2023, when Vikash Yadav then reportedly an employee of the Indian government, allegedly collaborating with individuals in India and overseas to execute the assassination of Gurpatwant Singh Pannun.
18.10 / 06:29
markets Digital Extreme security Experts country Investigations West downplays India's Khalistan concerns, as it's doesn't pose direct threat to them: Canadian Security Expert
India's concerns regarding Khalist extremism. He also pointed out a fundamental problem that the Canadian government assumed all Sikhs as Khalistanis and all Khalistanis as Sikhs. In an interview to ANI, George said, «The Khalistan movement does not pose a direct threat to the West, at least not often. So, hence which is why you see Western countries try and downplay or ignore India's pleas, no matter how legitimate India's concerns may be.»
18.10 / 00:35
students Experts Universities country Colleges International rowing India-Canada row: It’s failing Indian students
Subscribe to enjoy similar stories. Over 400,000 Indians are studying in Canada but experts estimate a drop of 100,000 in the coming year as India-Canada ties plummet. With Ottawa also restricting other international students, Mint asks if Canada’s youth-and-education charm is fading.
17.10 / 23:13
markets COST UPS Analysis economy wellness reports Ottawa’s mortgage changes will be a ‘double-edged sword,’ TD economist warns
Ottawa’s proposed mortgage changes may well give first-time homebuyers a near-term boost in affordability, but could also stoke vulnerabilities in the Canadian economy, a TD Bank economist argues.
17.10 / 18:27
UPS Target FIVE Analysis country reports Deficit likely surpassed Liberal pledge for $40B cap this past year: PBO
The federal government likely failed to keep its deficit below the promised $40-billion cap in the last fiscal year, the parliamentary budget officer said on Thursday.
17.10 / 17:41
Waves Target Citizens country reports rights rowing India says it has 26 extradition requests pending with Canada
India had at least 26 extradition requests pending with Canada, the South Asian nation’s foreign ministry said on Thursday, amid a diplomatic row between the two countries.
17.10 / 17:11
markets security Strategy students country travelers rowing India-Canada row may throw a spanner in travel works of many
Travel industry insiders, immigration and visa consultants fear the worsening diplomatic row between India and Canada could lead to increased scrutiny and security checks for Indian nationals besides longer processing times for visa applications, affecting those seeking to travel for work, study, or tourism. The row could also lead to subdued overseas tourist arrivals from Canada over time. Rahul Singh, managing partner at relocation and immigration firm Kraft Mobility said the visa situation for Indian nationals looking to travel to Canada has been influenced by the broader diplomatic relations between the two countries.
17.10 / 15:27
Parke Hyundai country reports park Hyundai recalls hydrogen fuel cell vehicles due to fire risk and tells owners to park them outdoors
Hyundai is telling the owners of nearly 1,600 hydrogen fuel cell vehicles in the U.S. and Canada to park them outdoors and away from structures due to the risk of fuel leaks and fires
17.10 / 08:49
CRA Nov trends exclusive reports Latest Canada Child Benefit payments roll out this week. How much?
Canadian parents are set to receive the latest child benefits from the federal government on Friday.
17.10 / 03:45
markets Provident Digital Analysis Experts reports Investigations Canadian PM alone responsible for damaged relations between India-Canada: MEA reacts after Trudeau's admission of 'no proof'
Justin Trudeau admitted that his government had not provided «hard evidentiary proof» when accusing India of involvement in the killing of Khalistani terrorist Hardeep Singh Nijjar, the Ministry of External Affairs (MEA) on Thursday said Trudeau’s statement «only confirms» what New Delhi has maintained «consistently all along.» The MEA also blamed Trudeau's «cavalier behaviour» for damaging relations between India and Canada. «What we have heard today only confirms what we have been saying consistently all along—Canada has presented us no evidence whatsoever in support of the serious allegations that it has chosen to level against India and Indian diplomats,» MEA spokesperson Randhir Jaiswal said in an official statement. He added, «The responsibility for the damage that this cavalier behaviour has caused to India-Canada relations lies with Prime Minister Trudeau alone.»
17.10 / 02:41
markets Digital Extreme Strategy Deloitte Experts Concept of Khalistan as artificial as Pakistan was in its infancy: US expert
Michael Rubin has described the concept of Khalistan as artificial as Pakistan was in its infancy and cautioned the USA establishment against entertaining any Khalistani figures. In an article titled ‘Khalistani Extremism: A Growing Threat In The U.S. And Canada’ in the National Security Journal, Rubin explained, “Khalistan today is as artificial as Pakistan was in its infancy. Sir Muhammad Iqbal, Choudhry Rahmat Ali and Muhammad Ali Jinnah created the concept of Pakistan to be a separate state for Muslims upon India’s independence. The name Pakistan, coined by Rahmat Ali, was completely artificial: It was both an anagram, taking the P from Punjab, A from Afghan, K from Kashmir, S from Sindh, I from the Indus River Valley, and the last four letters from Baluchistan, and a pun: Pakistan is both a Persian and Urdu word meaning “land of the pure.”” “Khalistan, likewise, has no historical basis. As with Pakistan, Khalistan literally means “land of the pure,” although it substitutes the Persian/Urdu “Pak” for the Punjabi/Arabic “Khalis.” Khalistani separatists use the term to frame their demand for an independent Sikh state in Punjab. Sikhs comprise slightly over half the population of Indian Punjab; their population is now near zero in Pakistani Punjab due to decades of Pakistani sectarian cleansing,” he alleged.
16.10 / 21:55
Action CRA pandemic Updates Investigations International CRA says 330 employees fired for inappropriately claiming CERB
More than 300 employees of the Canada Revenue Agency have been terminated in the past year for inappropriately receiving the Canada Emergency Response Benefit (CERB) during the COVID-19 pandemic, with the final round of firings having occurred in the past three months.
16.10 / 20:51
markets Aviat Action Airlines security information International Airline bomb hoax: Agencies on alert; Mumbai police detains juvenile
bomb threats, the Centre asserted that agencies are actively pursuing the cases even as the Mumbai Police apprehended a juvenile from Chhattisgarh for three such hoax calls. Meanwhile, to ensure the safety of passengers, the government is likely to increase the number of sky marshals on international flights. The government on Wednesday informed the Parliamentary Standing Committee on Transport that it is considering deploying a greater number of the elite National Security Guards (NSG) personnel on international flights. Civil aviation secretary Vumlunmang Vualnam also told the committee that investigators have gathered some information on the recent threats and are taking action. Separately, civil aviation minister Ram Mohan Naidu said he is monitoring the situation closely. A senior official of the Central Industrial Security Forces, the paramilitary force that handles airport security, said state police have been asked to arrest and take strong action against people making such threats. At least 19 Indian flights received hoax bomb threats in the past three days, leading to long delays and diversions. On Tuesday, Singapore's air force sent two fighter jets to escort an Air India Express plane away from populated areas after the airline received an email that there was a bomb on the aircraft.

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