Canada Financial News

The latest round of earnings has turned Bank of Nova Scotia’s analysts and portfolio strategists optimistic on the outlook for Canadian bank stocks.

The Bank of Canada is widely expected to continue cutting its benchmark interest rate tomorrow and at meetings to come, but how quickly the rate comes down is open to debate.

When the Bank of Canada eases monetary policy and the economy slows, money managers usually brace for a weaker loonie.

The Bank of Canada is widely expected to cut its policy interest rate by 25 basis points on Wednesday and there are few indications that it will stop there, economists say.

When should income be taxed? Put another way, especially in the context of business income, how is profit for tax purposes computed?

Krista Rodriguez has spent more than 24 years fighting for the health-care system to take her pain seriously, but she does not want to wait any longer.The 39-year-old paralegal and immigration consultant from St. Catharines, Ont., is researching treatment options outside of Canada to get help for her endometriosis after feeling let down by the system.“It’s all-pervasive; it impacts every single aspect of your life,” Rodriguez says.She first started feeling extreme pain brought on by the condition when her period started at 14, but the pain would last all month long.“When you’re that young, you don’t really know what’s normal and what’s not.

The Bank of Canada is widely expected to deliver a third consecutive interest rate cut on Wednesday as inflationary forces continue to cool on both sides of the Canada-United States border.

Canadian Prime Minister Justin Trudeau last month announced tariffs of 100 percent on Chinese EVs, accusing Beijing of «not playing by the same rules as other countries» in areas like environmental and labour standards. The United States and the European Union have also respectively slapped tariffs of 100 percent and 36 percent on Chinese EVs, arguing that Beijing unfairly subsidises domestic producers whose products then flood foreign markets and undercut local competitors.

AP Dhillon's house on Victoria Island in Canada's Vancouver, leading the singer to assure fans that he is safe. This incident occurred soon after Dhillon released a music video featuring actor Salman Khan. Rohit Godara, a member of the Lawrence Bishnoi gang, has claimed responsibility for the shooting, accompanied by death threats to the singer. «I'm safe, My people are safe. Thank you to everyone who reached out to me. Your support means everything,» AP Dhillon stated on Instagram. The shooting incident involved two locations in Canada — Victoria Island and Woodbridge, Toronto, according to an unverified post purportedly made by Rohit Godara. He claimed he targeted Dhillon's house due to the singer’s collaboration with Salman Khan in a music video.

stress compared with non-parents, a new report by the United States surgeon general said.Experts say the report aligns with mental health indicators in Canada, and there are key changes that can help.The report by U.S. Surgeon General Dr.

markets got off to a quiet start on Monday as investors braced for a data-packed week culminating in a U.S. jobs report that could decide whether a rate cut expected this month will be regular or super-sized. A holiday in the United States and Canada made for thin liquidity, while wins for far-right parties in German state elections added a fresh layer of political uncertainty.

Marc-Andre Blanchard, executive vice president and global head of sustainability at CDPQ, one of the biggest global investors in infra-related assets in India. «When we talk about ESG and sustainability, we're really talking about good management and value creation,» Blanchard said. «As a pension fund, we are driven by the desire to build businesses that drive performance and progress. For us, capital takes on its full value when it generates positive change.» The Canadian leader stated that CDPQ is a global investment group with over $452 billion in assets under management, including 12% in the Asia-Pacific region. What sets CDPQ apart is its dual mandate: generating returns for its depositors-representing over 6 million Quebecers-while contributing to Quebec's economic development. CDPQ is also Canada's second-largest pension fund, he said.

GOAT’ (short for ‘Greatest Of All Time’) could become the highest-grossing film in the Tamil film industry. The much-anticipated Thalapathy Vijay-starrer is predicted to set the cash registers ringing if reports are to be believed. As per a Cinetrak report, GOAT has already earned over $1 million in pre-sales for its opening day across international markets. A significant portion of this revenue comes from North America, where the film has generated around $460,000 from the USA and Canada alone. Anticipation is high, and the film is expected to cross the $1 million mark in the USA even before its official release. Vijay's movie is also performing strongly in the UK and Australia, with each region contributing $130,000 to the overall pre-sales.

Health Canada issued the recall on Thursday for several models of Samsung’s electric slide-in ranges because the front-mounted knobs can “accidently activate” through contact by people and pets and pose a fire hazard.Approximately 326,250 units of the affected ranges were sold from 2013 to August 2024 across the country.Samsung Electronic Canada said it is providing customers with a set of free knob locks or covers, depending on their model, to prevent “accidental activations.”Customers can continue using their recalled stoves while they wait to receive the free set compatible with their model, but should take some safety precautions, the company said.Health Canada is advising customers who are using the recalled ranges without knob locks or covers to make sure that children and pets are kept away from the knobs, to not leave objects on the range when not in use and to turn the knobs off after cooking before leaving home or going to sleep.Those who have Wi-Fi enabled ranges can turn on the “Cooktop On” notification on the Samsung SmartThings app to receive alerts when a cooktop burner is turned on, the agency said.As of Wednesday, 57 incidents and seven injuries have been reported to Samsung related to the affected products.Customers who have the recalled stoves can go to Samsung Canada’s website to request a free knob kit.

Artificial intelligence researchers said Friday that they have deleted more than 2,000 web links to suspected child sexual abuse imagery from a database used to train popular AI image-generator tools

Canada’s gross domestic product for the second quarter came in stronger than expected, but the details of the GDP report and the accompanying outlook for the start of the next quarter hinted at a stalling economy, economists warned.

Canada’s top banks may still be facing credit headwinds, but analysts say that the relatively stable earnings display in the last quarter suggests that they are not going to “fall off the cliff” anytime soon.

Earlier this month, the Canada Revenue Agency updated its comprehensive folio on the topic of interest deductibility , and while most of the changes aren’t of interest to the average taxpayer, the folio has been revised to add a reference to more recent case law on the meaning of the phrase, “for the purpose of earning income from a business or property.”  

A slew of fixed-rate mortgages got cheaper this week, including the uninsured four-year fixed and the insured one-, three-, and four-year fixed. And it looks like 2024’s term of choice — the three-year fixed — is slowly ceding its crown.

To say Canada’s mortgage market is cutthroat is an understatement.

The Canadian economy grew at a faster-than-expected annualized pace of 2.1 per cent in the second quarter of the year, but early indications point to a loss of momentum going into the third quarter.