Canada Financial News

You could almost hear the collective sigh of relief when inflation hit the Bank of Canada‘s 2 per cent target — after all we’d been waiting three years.

Equinix Inc. formed a joint venture with Canada Pension Plan Investment Board and Singapore’s GIC Pte to develop new data centres.

Last week, I appeared as a witness before the House of Commons Finance Committee regarding the proposed capital gains inclusion rate increase, and it was not surprising to hear the Liberal and NDP committee members, and their witnesses, go on about how great the capital gains inclusion rate proposal is.

Dockworkers across the eastern United States are joining their peers on strike at Montreal ports as a fresh wave of labour action grips North American supply chains.

The U.S. broker-dealer unit of Toronto Dominion Bank TD.TO has agreed to pay over $20 million under a deal with U.S. authorities to settle charges that it manipulated the U.S. Treasuries market.

Punjab a free investment zone and demanded a military academy in Anandpur Sahib to propel the Indian state on the path of development. «Punjab is a very important part of India. If Punjab prospers, India will prosper, and vice versa. Unfortunately, Punjab went through a difficult period in the 80s and 90s due to militancy and extremism. It suffered a lot, including the loss of a generation of Sikhs. Even today, Punjab is bearing the consequences of the events in 1984. Its progress was halted, with little investment happening in the region,» said Jasdip Singh Jasse, chairman of Sikhs of America. «We would like to request Prime Minister (Narendra Modi) to make Punjab an enterprise zone, make it a free investment zone, give incentives to businesses, and set up a military academy in Anandpur Saheb,» Jasse told PTI. In the absence of opportunities, youths of Punjab are spending large amounts of money to illegally travel to the US and Canada. «Youths of Punjab be given business opportunities in Punjab itself,» he said.

National Milk Producers Federation CEO Gregg Doud discusses the impact that the port strike could have on various industries and the economy on 'The Bottom Line.'

Canada’s Fairfax Financial Holdings Ltd. will acquire control of hockey-equipment maker Peak Achievement Athletics Inc. in a deal with an investment manager owned by Montreal’s Desmarais family.

Canada is poised to see significant growth in Indigenous-related project financing, international credit rating agency Morningstar DBRS said Monday.

Connor Sephton is a journalist based in London, who also works for Sky News and the BBC as a radio newsreader and online reporter. He has covered crypto since 2018 — reporting from major conferences...

Canada’s housing market released a lot of steam during the correction brought on by soaring inflation and interest rates, but one city remains at risk of running hot, according to a global index.

Edmonton city hall shooting.“While some extremists are assessed to have a primary motivation, others are influenced by a combination of beliefs,” said the Strategic Threat Assessment.“This phenomenon is occurring in Canada,” according to the June 4, 2024, report by the government’s Integrated Terrorism Assessment Centre (ITAC).Also called composite extremism, it is “driven by a myriad of messaging within mainstream social discourse as well as extremist propaganda that is internalized by an individual,” it said.“Variations of this phenomena have been referred to as composite violent extremism, salad bar extremism, or mixed, unstable, or unclear (MUU) extremism,” the ITAC report said.The Canadian Security Intelligence Service released a redacted version of the document to Global News under the Access to Information Act.The report partly focused on a Jan. 23 attack at Edmonton city hall.

Terry Eagleton has just called Fredric Jameson, who passed Sunday before last, at 90, «the greatest cultural critic of his time, though the term 'cultural critic' is a mere place holder for a kind of intellectual work spanning aesthetics, philosophy, sociology, anthropology, psychoanalysis, political theory and the like, for which we have as yet no adequate name. There was nothing in the field of humanities which didn't claim his attention...

British Columbia saw a rare unanimous vote in its legislature in October 2019, when members passed a law adopting the United Nations Declarations on the Rights of Indigenous Peoples, setting out standards including free, prior and informed consent for actions affecting them.

Talk to the hukka-smoking elders playing cards in villages or those on their morning jogs in urban parks, the issue of migration of youth, especially through the 'dunki' route and drugs feature prominently. Dunki or the mule route, is the slang used to gain unauthorised entry into the US, UK, Canada and Australia. Angoor Devi, in her early 60s, at Narukhera village near Karnala asks her husband Chand Singh whether their son Vikas has called or not. Smoking a hukka, along with others from the village, Singh says he was still waiting for his call. A Jat, Singh who owns six acres, says the land he has is just sufficient for his entire family. «Aage ka bhi toh sochna pade hai, Yehi soch ke chora bahar chala gaya dunki mar ke (But we have to think about the future as well, that's why my son went abroad),» Singh says.

While Jammu has arguably been a bigger gainer of the removal of special status as the power balance with the Valley has ostensibly been reduced, there are many issues that plague the minds of people living in the lower altitudes. High unemployment and lack of jobs commensurate with the education levels is a big worry for the youth. Many young people that ET talked to said they and their peers are working in other parts of the country or going to Singapore, Australia, Canada and the European countries for low-end jobs. Agniveer has also caused a lot of resentment. “Earlier there used to be so many boys running on the roads early in the morning to practice for joining the army but now you hardly see any youngsters doing so. There is not much interest in becoming an Agniveer,” said Narendra Sharma, the PDP candidate in RS Pura, Jammu.

Pascale St-Onge is set to make history by becoming the first openly lesbian cabinet minister to take parental leave when her wife gives birth in the coming weeks.“I’m not someone who really likes to talk about myself or my personal life either,” St-Onge said in an interview with The Canadian Press.The Quebec MP said she decided to speak publicly about her parental leave because she has “a responsibility to continue the fight” for LGBTQ rights.St-Onge smiled as she described “the joy” of soon welcoming a baby into her life, which she described as “an incredible experience that many humans go through and that some take for granted.”Her wife’s pregnancy is going very well, St-Onge said, with a due date in November. The timing, though unplanned, is almost perfect as the House of Commons will rise for the holidays in mid-December, she added.St-Onge plans to leave Ottawa and work virtually starting in early November.

Foreign tourist arrivals (FTAs) in India from January to June stood at nearly 4.78 million, with Bangladesh and the US being the top two source countries, according to official data issued by the Ministry of Tourism. The data sheet was shared on Friday on the occasion of the World Tourism Day and figures showed that inbound tourism in the country is trailing the pandemic levels. The ministry shared the figures for the month of June as well as for the January-June period. The FTAs in June 2024 were 7,06,045 as compared to 6,48,008 in June 2023 and 7,26,446 in June 2019 registering a growth of nine per cent and a fall of 2.8 per cent with respect to 2023 and 2019 respectively, according to the data.

Set to be launched on October 1, Canada’s Federal Court has announced the Study Permit Pilot Project, designed to streamline the process of requesting judicial review of rejected study permit applications, as per CIC News report. Under the Pilot, people who apply for leave and judicial review of their study permit refusals may be able to complete the entire procedure in under five months, rather than the current processing time of 14-18 months. An application for leave and judicial review is a process where an individual seeks permission from the Federal Court of Canada to challenge an immigration decision.

The Canada Revenue Agency wants to hear from Canadian taxpayers on how it can improve its services and “do better.”

Former President Donald Trump has proposed a 60% tariff on goods from China and a 20% tariff on everything else the United States imports