Canada Financial News

The U.S. Federal Reserve’s 50-basis-point interest rate cut on Wednesday is set to have ripple effects north of the border, with experts pointing to implications for both the Bank of Canada and Canadian mortgage holders.

Bharat Electronics Limited (BEL) on Thursday signed a teaming agreement with Reliasat Inc. Canada to collaborate in the area of space products, officials said. The agreement aims at leveraging BEL and Reliasat's capabilities in the domain of space, they said. «This is a significant step that will enable BEL to foray into the space segment in line with the Government of India's 'Atmanirbhar Bharat' and 'Make-in-India' initiatives and strengthen its existing portfolio,» BEL said in a statement.

The head of Canada’s second-largest bank will retire next April after spending more than a decade as the chief executive of Toronto-Dominion Bank.

Taxpayers show up in federal court almost every week hoping to hang on to their COVID-19 benefits after being found ineligible by the Canada Revenue Agency, but they are usually unsuccessful.

Rob Kennedy tried something different after a 40-year career in Ontario’s auto sector: he headed back to the classroom.

The Bank of Canada is carefully weighing both upside and downside risks to the economy as it attempts to calibrate the pace of interest rate cuts, according to a summary of its deliberations released on Wednesday.

National Bank of Canada is reinforcing its presence in Montreal with the opening of a statement-making head office as it looks to expand dramatically outside of the French-speaking province.

The Bank of Nova Scotia has created a new executive position to increase its focus on Quebec, a region where the Toronto-headquartered bank feels it needs “more boots on the ground to generate more business.”

The organization representing Canada’s doctors has issued a formal apology for the harms the medical profession has caused Indigenous Peoples.

Canada abstained today from a high-profile United Nations vote demanding that Israel end its “unlawful presence” in the Gaza Strip and the occupied West Bank within a year.

CT scanners in a bid to detect explosives and other threats.The Canadian Air Transport Security Authority says it plans to install the technology, which provides 360-degree views via computerized X-ray imaging, at airport checkpoints across the country in the coming years.The project kicked off Wednesday at the Vancouver airport, where the first of the machines now sit astride conveyer belts in the security screening area.Vancouver International Airport CEO Tamara Vrooman says travellers no longer need to remove liquids, aerosols, gels or large electronics — laptops included — from their carry-on bags.

The federal government is again cutting how many international student permits Canada will issue, this time for 2025 and laying out the plan for 2026, Immigration Minister Marc Miller and Labour Minister Randy Boissonnault announced Wednesday.

UN General Assembly on a resolution that demanded that Israel bring an end, «without delay», to its unlawful presence in the Occupied Palestinian Territory within 12 months. The 193-member General Assembly adopted the resolution, with 124 nations voting in favour, 14 against and 43 abstentions, including that by India. Those abstaining included Australia, Canada, Germany, Italy, Nepal, Ukraine and the United Kingdom.

Rogers Communications Inc. is buying out Bell’s 37.5% share of Maple Leaf Sports & Entertainment for $3.5 billion

Hitting the bull’s-eye on the two per cent inflation target in August was “good news” for the Bank of Canada, but it doesn’t mean the central bank’s efforts are done, according to a senior official.

The Mastercard Foundation’s new money-management arm is in expansion mode, and executives have been finding new employees from one place in particular — the Ontario Teachers’ Pension Plan.

The creation of a multi-billion-dollar investment fund seeded with federal government money and designed to attract additional investments from Canada’s large pension plans is among ideas put forward as former Bank of Canada governor Stephen Poloz pursues his mandate to help Ottawa find ways to direct pension billions into the Canadian economy, according to two sources with knowledge of the proposal.

Subscribe to enjoy similar stories. The Federal Reserve’s expected rate cut Wednesday will sound the all-clear for overseas central banks that are also concerned about their domestic economic growth. Some of the world’s most consequential central banks, including those in the eurozone, the U.K.

Brominated vegetable oil, a food additive used in citrus-flavoured soft drinks, has now been banned in Canada, but consumers could still see it popping up on ingredient labels for one more year.

Bitcoin experienced steady growth over the past week recovering from a low of $54,000 to currently trading at $58,000.The week began with the Federal Bureau of Investigation (FBI) releasing a comprehensive report on global crypto scams in 2023, revealing staggering losses. The U.S. topped the list, with over $4.8 billion lost to crypto scams, followed by Canada and the UK. India ranked fifth, with reported losses exceeding $44 million. To avoid falling for such scams, one must Research thoroughly before investing, avoid too-good-to-be-true offers and only use trusted platforms for investing. The presidential debate between Donald Trump and Kamala Harris was the most anticipated, where the crypto community expected a focus on crypto regulation. However, the debate largely centered on other pressing issues such as economic uncertainty, inflation, and abortion rights, with no mention of crypto. This omission left many in the crypto community disappointed, leading to brief selling pressure on Bitcoin. Despite this dip, Bitcoin quickly recovered within a few hours. The same day saw the release of the Consumer Price Index (CPI) data, which showed better-than-expected inflation numbers. This data provided certainty to the crypto community that there will surely be a rate cut in the upcoming FOMC meeting strengthening the market sentiment.