Canada Financial News

An Ontario child has died of rabies after being exposed to a bat, a health official says.

Canadian Imperial Bank of Commerce is assessing investors’ interest in a significant risk transfer transaction that would be linked to corporate loans, according to people familiar with the matter.

The Toronto Regional Real Estate Board (TRREB) reported a 4.58 per cent year-over-year decline in its benchmark home price for September, bringing it down to $1,068,700. Home sales for the month rose by 8.5 per cent, with 4,996 transactions compared to 4,606 in September of last year.

Still the top dog on the world stage, the U.S. dollar has been slipping of late — so much so that it recently raised a red flag in the presidential election.

With vehicle thefts gradually decelerating in Canada, insurance claims and costs are also on the decline.

Iran’s direct attack on Israel this week has once again raised fears of a wider war in the Middle East — one that could now directly involve two of the region’s most well-armed nations.

How many alcoholic drinks do you have in a week? That question was posed to Canadians in a survey and most of them said they had no drinks at all, a new Statistics Canada report shows.

UST said on Thursday that it has acquired the automation unit of Information Services Group (ISG), for a total consideration of $27 million. The firm said the acquisition will strengthen its position in the intelligent automation space and allow the company to deliver a broader set of services to its clients. The acquired unit is a leading provider of intelligent automation solutions, utilizing artificial intelligence (AI), robotic process automation (RPA), and automation technologies to help clients across a range of industries, said the firm in its statement. It further added that the automation unit of ISG helps optimize clients’ business processes, enhance their customer experience, and reduce their operational costs. The development comes days after the IT firm set a target of 6,000 employees in its Kochi centre, up from the current level of 2,800, in the next five years. While UST’s Thiruvananthapuram centre has about 7,500 employees and is the company’s largest centre globally, UST Bengaluru has about 6,500 employees. Across India, the IT firm has around 20,000 employees. Globally, the firm has more than 30,000 employees.

Subscribe to enjoy similar stories. Investment funds KKR & Co., Stonepeak Partners and Macquarie Capital have sounded out merchant bankers to acquire a potential stake in India's No.3 telecom tower firm Ascend Telecom Infrastructure Pvt. Ltd, two people aware of the development said, after losing the race for American Tower Corp.'s India assets to Canada’s Brookfield.

Canada’s chief banking regulator says fears about lopsided implementation of post-financial-crisis capital rules and dire warnings about curtailed lending and hits to the Canadian economy are overblown.

Canada’s top banking regulator says the risks linked to artificial intelligence as well as cybercrimes, third-party service providers and the complex methods used by financial criminals to launder money and commit fraud have intensified.

Canada’s health care system is struggling to hold on to young workers, with the number of nurses leaving the profession before they turn 35 up sharply in recent years, according to a report released by the Montreal Economic Institute.

The chatter around the Bank of Canada supersizing its next cut has grown in volume ever since the United States started its interest rate trimming campaign with a jumbo reduction.

The Reserve Bank of Australia is facing questions over its practice of holding off-the-record briefings with market participants after reports that at least two such discussions had been leaked, resulting in bans for the institutions involved.

Canada may not have had a big banking failure in many years, but “emerging clouds on the horizon” suggest the existing checks and balances may need tweaks to be sustainable in the future, says an official who used to work for the country’s top banking regulating agency.

Canadians are set to receive goods and services tax or harmonized sales tax credits this week from the federal government — the last such payments of the year.

Former public safety minister Bill Blair said he “was not advised” for weeks after CSIS says it told his chief of staff that it was seeking approval to investigate an Ontario Liberal powerbroker in March 2021.

clean energy technology projects have exceeded $100 billion since the start of 2023 as they aim to avoid tariffs in the U.S. and elsewhere, Australian research group Climate Energy Finance (CEF) said on Wednesday. China is the world's biggest producer and exporter of products such as solar panels, lithium batteries and electric vehicles, with its investment, innovation and manufacturing capabilities leading the world by an «astonishing margin», CEF said in a research report.

WTO) to rule on Canada's imposition of steep tariffs on Chinese electric vehicles as well as steel and aluminum products. Following the lead of the United States and European Union, Canada began imposing on Tuesday a 100% levy on EVs shipped from China, having also announced in late August a 25% tariff on Chinese steel and aluminum products. «China has raised a litigation to the WTO over Canada's unilateral and trade protectionist measures, and will conduct anti-discriminatory probe into these restrictive measures,» the ministry said in a statement.

Young Canadians are still striving to enter the housing market even as affordability barriers persist, a new report from Royal LePage suggests.

The country’s top competition watchdog is warning corporate Canada to “buckle up” for a new era of enforcement that will feature tougher merger controls, steeper financial penalties and more frequent challenges, following several rounds of changes to the Competition Act.