Canada Financial News

Royal Bank of Canada is sounding out investors for a possible $2 billion bond deal in two parts, according to people familiar with the matter.

Mortgage rates can often be disappointing. Case in point: today’s. Us commentators have been talking about diving rates for months, and yes, they’ve dropped. Fixed rates have fallen 150-plus basis points in a year.

Canadians are so financially stressed out that the expected relief from a jumbo-sized rate cut by the Bank of Canada could just wash over them, an ongoing survey of people’s outlook suggests.

TD Bank became the largest bank in U.S. history to plead guilty to violating a federal law aimed at preventing money laundering, and agreed to pay over $3 billion in penalties to resolve the charges, government authorities said on Thursday.

rents for all property types across the country just saw their slowest rate of growth since October 2021 — largely due to falling international student enrolment, a new report says.Last month, rents across Canada reached an average of $2,193 per month, according to Rentals.ca and Urbanation’s latest National Rent Report.The report pointed to falling numbers of international student enrolments as being behind the trends.“Rents in Canada are increasing at their slowest pace in nearly three years, largely the result of foreign student enrolments dropping by roughly a half from their record highs, with the impact felt most in B.C. and Ontario,” said Shaun Hildebrand, president of Urbanation.“Meanwhile, smaller, more affordable markets continue to see strong upward pressure on rents as demand shifts to less expensive parts of the country,” Hildebrand said.Despite the slowdown in price growth, rents are 13.4-per cent higher than two years ago and 25.2-per cent higher than three years ago.Condominium rents across Canada declined by 1.7 per cent, averaging $2,296 in September.

sentenced in Michigan in the fall of 2021 for using shell companies to illegally export sensitive manufacturing equipment to Iran, where they were born.They then returned to Ontario, where they had lived prior to their arrests, and applied to change their names to Ameen and Aurash Cohen. The province granted their requests in April 2022.At the time they altered their identities, they were still serving out part of their sentences — a one-year period of supervised release, a form of parole, government records show.Using his new name, Arash Yousefijam, 36, became a registered dentist and went to work in Ottawa as Dr.

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Hopeful Canadian homebuyers may well have their pick of the litter when it comes to condos in many housing markets across the country, a new report from Re/Max Canada shows.

The National Highway Traffic Safety Administration is investigating complaints about some JuiceBox residential electric vehicle chargers after reports of fires and other electrical malfunctions

Sead specializes in writing factual and informative articles to help the public navigate the ever-changing world of crypto. He has extensive experience in the blockchain industry, where he has served...

An ex-member of the Bank of Canada’s governing body said officials should cut borrowing costs by half a percentage point later this month.

Tax and politics are like wine and cheese: they are inextricably linked and impossible to do one without involving the other.

What Jason Hayman remembers most is feeling “numb.” He had met with his board and lawyers multiple times, and on a spring morning in 2023 he was off to meet Virginia Forsyth, a notary public in Cowes, United Kingdom, and someone he had known for years.

Rio Tinto said on Wednesday it would acquire Arcadium Lithium for $6.7 billion, in an agreed all-cash deal that would make it one of the world's largest lithium producers. Rio said it would pay $5.85 per share for the U.S.-based lithium miner. That represents an almost 90% premium to Arcadium's closing price of $3.08 per share on Oct. 3, the day before Reuters exclusively reported on a potential deal between the two firms. Rio would gain access to lithium mines, processing facilities and deposits in Argentina, Australia, Canada and the United States to fuel decades of growth, as well as a customer base that includes automakers Tesla, BMW and General Motors.

Many Canadians flock to Florida as cold weather nears but as Hurricane Milton barrels towards the state as a Category 5 storm — though is expected to make landfall as a Category 4 — it may have some north of the border worried about property they own down south.

At this year’s Thanksgiving, Canadians will find a “significant” supply of whole turkeys and at “really good prices,” farmers say.

A 2021 analysis of China’s foreign interference operations intended to spark discussion among senior government figures did not make it to Prime Minister Justin Trudeau or cabinet ministers, the Hogue commission heard Monday.

Two pioneers of artificial intelligence have won the Nobel Prize in physics

If you enjoy a glass of fruit juice with your breakfast or a fizzy drink after dinner, it might be time to consider pumping the brakes.

The conditions are ripe for people to catch the Draconid meteor shower on Monday evening and into Tuesday morning. And Canadians won’t have to stay up late to catch it.

The Ballmer Group, Blue Meridian Partners, and others are helping Partners for Rural Impact take a model from Harlem and adapt it for Appalachian Kentucky and beyond