Canada Financial News

It’s not easy going up against Canada’s banking oligopoly, but some are trying.

The Penguin Episode 2 is set to air soon on HBO. The series has a total of eight episodes.

fall, meteorologists say – and that means leaf peepers will have to wait a little while longer.“A trend of above-normal temperatures” is forecasted for the rest of September and October across the country, according to Global News meteorologist Ross Hull.“It’s going to be a warmer-than-normal (fall) for much of the country, especially eastern sections of the country,” Hull said.Dominant air masses and air flows coming up from the United States seem to be influencing these warmer-than-normal conditions, said Geoff Coulson, a warning preparedness meteorologist with Environment Canada.“Many of these air masses, especially in more southern parts of the country, are influenced by air masses coming up from the U.S.

Ontario Provincial Police say they have uncovered a door-to-door sales fraud operation that victimized more than 200 older and vulnerable residents in Ontario.

Bank of Canada Governor Tiff Macklem on Friday said adoption of artificial intelligence (AI) by businesses could add to price pressures in the short term by boosting demand, even though its full effects would not be visible any time soon. Macklem said strong investment in AI technologies was already boosting the economy and noted surging electricity demand as new data centers are built. «In the short run, AI could boost demand more than it adds to supply through faster productivity growth,» Macklem said in Toronto at an AI conference.

Inflation is back at the coveted two per cent annual rate.Wage hikes have outpaced inflation for 19 months in a row.The Bank of Canada is three rate cuts into an easing cycle, with no signs of stopping anytime soon.The recent run of positive economic news had the Liberal government — long challenged by an affordability crisis in Canada — celebrating in the House of Commons this week.Finance Minister Chrystia Freeland on Tuesday hailed the August inflation report as “good news for Canadians” and the “light at the end of the tunnel” after years of surging prices and pandemic-related disruptions in the economy.RBC assistant chief economist Nathan Janzen tells Global News that there’s indeed reason to celebrate as price stability shows signs of returning and the Bank of Canada unwinds from the most rapid tightening cycle in its history.But he also warns that focusing on inflation and rate cuts may ignore economic pain looming for Canadians around the corner.“Light at the end of the tunnel, silver lining, whatever the phrase you want to use is, it’s important to remember that what we’re seeing in terms of inflation and the interest rate cuts is a result of a softening Canadian economy,” Janzen says.“So it’s not all great news.”Quick refresher on how all of these dynamics play together: when inflation is trending away from the Bank of Canada’s two per cent target, the central bank will raise its policy rate in an effort to rein in rampant price growth.Higher interest rates raise the cost of borrowing for Canadians, businesses and governments.

Motel 6, the budget hotel chain that has lined U.S. highways for decades, will be sold to Oyo, an India-based hotel operator, the companies announced Friday. Blackstone, the private equity giant and the owner of Motel 6's parent company, said the transaction would be an all-cash deal for $525 million. The deal is expected to close before the end of the year, and would include the chain's offshoot hotel brand, Studio 6. Oyo expanded into the United States in 2019, and has recently ramped up efforts to expand further. It currently operates more than 300 hotels domestically. The company, which specializes in budget hotels and proudly describes itself as «a startup,» had received a large investment from SoftBank. But some troubling incidents in India in recent years raised questions about some of its business practices.

Now is the time for equity investors to move out of premium-traded Canadian banks and into discounted banks, analysts at Canadian Imperial Bank of Commerce said, citing lower interest rates and easing of economic risks that give the cheaper stocks more earnings upside.

Ontario Teachers’ Pension Plan, one of Canada’s largest institutional investors, is set to unload its entire stake in Multiplan Empreendimentos Imobiliarios SA, the Brazilian mall operator it first invested in 2006.

Quad summit this weekend, Australian PM Anthony Albanese appears to have broken ranks with the US and Canada, co-members of the Five Eyes intelligence alliance, on the issue of Indian «spies» in Australia by pointing out that such matters are raised privately. Responding to media queries during his ongoing US trip on the «nest of Indian spies» in Australia, Albanese said, «Well, what I do is act diplomatically and have those discussions, and that will, no doubt, be something that is raised.

The United States Federal Reserve made a big splash with Wednesday’s 50-basis-point interest rate cut, prompting some Canadian economists to believe the Bank of Canada could match the move when policymakers meet at the end of October.

Desjardins Group is preparing a potential debut issuance in the Australian dollar bond market, as North America’s largest financial services co-operative seeks to diversify its funding sources to keep up with its growing lending book.

With both the federal NDP and B.C.’s NDP government backing away from support for the carbon tax, it is time to pronounce the tax politically dead in Canada, with precise funeral arrangements to be made after the next federal election. Conservative governments across Canada have long opposed a carbon tax, and federal leader Pierre Poilievre is anxious to fight the next election on the issue. But now even Liberal support is flagging, with Newfoundland’s Liberal government attacking the tax as too costly for households. The federal Liberals themselves acknowledged the tax was a problem when they provided a carve-out for home heating oil, which is heavily used in Atlantic Canada.

The next chief of executive of Toronto-Dominion Bank is a 32-year insider who rose through the ranks from the bank’s business administration program to senior executive roles in insurance, investing and wealth.

Oil-storage tanks at a key United States crude hub have drained to near their bottoms as a massive new pipeline in Canada diverts flows elsewhere, muddying market signals that traders have long relied on.

They say good news comes in threes. I don’t know if that’s true or if it’s from the same school of science as astrology, but it happened this week with mortgages.

digital marketing expert, who previously worked in India for over three years, expressed frustration over his current annual salary of CAD 17,500 (approximately ₹10.78 lakhs).He shared his experience in a recent video interview with Piyush Monga, a digital creator, which has since gone viral on Instagram, receiving over 2,000 likes.The young professional, dissatisfied with his pay, voiced concerns about the undervaluation of Indian work experience in Canada. "Obviously, no one is happy.

Indian professional who previously worked at Google India shared his struggle to survive on his current salary in Canada. The individual, who moved to Canada and is now working as a Process Inventory Associate, spoke candidly about his difficulties in a viral video on the Instagram page ‘Salary Scale,’ run by digital creator Piyush Mongal. In the video shared on Instagram, the professional, who had more than three years of experience working at Google in India, revealed that his current annual income inCanada is $17,500 (Rs 10,77,511). “I can hardly survive on this income,” he said, expressing dissatisfaction with the low wages he now earns in comparison to his previous role in India. The drastic drop in salary has left him frustrated, especially since his work experience from India is not being recognized by Canadian employers. «Ever since I moved here, I've been reducing my experience on my resume because recruiters aren’t counting my work in India,» he explained. He added that the experience he gained while working for a major company like Google is being largely overlooked. «It just doesn’t make any sense,» he said, noting that employers in Canada seem to prioritize local experience over foreign credentials.

Apple is giving more people the chance to test a software update that will implant artificial intelligence into its virtual assistant Siri and automate a variety of tedious tasks on the latest iPhone coming out Friday

Subscribe to enjoy similar stories. Indian students seeking a foreign degree will have to scout for new options after top favourite Canada took an axe to its international student permits programme. “We’re granting 35% fewer international student permits this year.

Nearly 138,000 platform beds sold at major retailers including Amazon and Walmart are being recalled across the U.S. and Canada