Canada Financial News

Canada Pension Plan Investment Board promoted Caitlin Gubbels to lead its global private equity group, replacing Suyi Kim, who’s leaving the fund manager after 17 years.

Fishing regulators are instituting a new rule that lobster fishermen must abide by stricter minimum sizes for the crustaceans they harvest

Many Canadians today are feeling the pinch and reining in their spending, waiting out harsh economic winds in a pattern of behaviour typical of major recessions and financial crashes in history.

The investigation that resulted in the arrests of two Toronto men accused of plotting an attack for ISIS began with a tip from France, sources have told Global News.

The country’s two main railways and their workers remain at loggerheads over scheduling, safety or salaries — depending on who you ask — as the clock ticks down on contract negotiations.

Peloton Interactive to give its premium users access to the exercise equipment maker's fitness content, starting early September, the companies said on Tuesday. As part of the deal, Fitbit premium members based in the U.S., UK, Canada and Australia would have access to Peloton's classes across categories, including pilates, running, boxing and cycling. Peloton members, on the other hand, would receive offers on Google Pixel watches and Fitbit Charge 6 devices.

Bank of Canada interest rates are on their way down, but don’t get your hopes up about an economic rebound anytime soon.

Canada Pension Plan Investment Board has put a portfolio of distressed Spanish loans up for sale, as the fund works to reduce its exposure to the country built up during the financial crisis last decade.

The Parliamentary Budget Officer released a report last week that estimated the federal government will raise $17.4 billion in extra tax revenues over the next five years as a result of the proposed capital gains inclusion rate increase to two-thirds from 50 per cent. The federal budget, however, estimated the increase would raise $19.3 billion over that time frame. That $1.9-billion difference, or 9.8 per cent, is material.

A planned community for about 55,000 residents in Toronto will include the usual playgrounds, bike paths and shops. It will also feature 11 airplane hangars and more than a mile of airport runway. That is because the C$30 billion, equivalent to about $22 billion, development will be located at the Canadian city’s former Downsview Airport.

temporary foreign worker program is a breeding ground for contemporary forms of slavery alleged a report by UN investigator Tomoya Obokata, according to an article in Canada's leading daily Globe and Mail. Prof. Obokata is the United Nations’ special rapporteur on contemporary forms of slavery and a professor of international human-rights law at the University of York in Britain. The recently released final report cements Prof. Obokata’s initial impressions, which he first expressed last year after visiting Ottawa, Moncton, Montreal, Toronto and Vancouver on a fact-finding tour, Globe and Mail reported.

The former chief financial officer for Royal Bank of Canada is suing the bank for almost $50 million over claims of wrongful dismissal.

It’s getting harder for young Canadians to find a job. A post-pandemic influx of cheap foreign workers in restaurants and retail stores may be making it tougher.

Bank of Nova Scotia has agreed to buy 14.9 per cent of Cleveland-based KeyCorp for about $3.9 billion as it looks to boost its focus on developed economies and strengthen its North American footprint.

Nadine Ahn says she had a chance to become the first woman to run Royal Bank of Canada before she was fired over a personal relationship with a colleague.

Recession fears are never far away these days, as shown by last week’s market turbulence.

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Bank of Nova Scotia agreed to buy a minority stake in KeyCorp, which was among the U.S. regional banks hit hardest in last year’s tumult, for about US$2.8 billion as part of a focus on North America.

For years, Canadian policymakers have been sleepwalking past a growing housing affordability crisis. Now, with homes seeming impossibly out of reach to so many and voter discontent on this issue poised to roil upcoming elections, they have been jolted awake and are looking for solutions. Any action on this issue is welcome, but the biggest fix of all has yet to be raised: giving households the buying power to keep up with rising home prices today and tomorrow by boosting Canadian productivity.

Canada through the Express Entry system, many potential applicants wonder if there is an optimal age for their application. While age is a significant factor, it is not the only determinant of success in the Express Entry process. Generally, the ideal age range for maximizing Comprehensive Ranking System (CRS) points is between 20 and 29 years old. During this period, candidates can earn up to 110 CRS points if applying without a spouse, which is the highest possible score for age. As candidates get older, the points awarded for age decrease. For instance, at age 35, the maximum points drop to 77. This decline in points as one ages is a key reason why many older applicants might feel discouraged when applying for Canadian permanent residence.

Alberta Advantage Immigration Program (AAIP) is a provincial initiative designed to nominate individuals for permanent residency in Alberta, targeting those with skills to address labor shortages or who intend to establish or purchase a business in the province. The program is administered jointly by the Alberta government and the federal government of Canada. Successful nominees, along with their spouse or common-law partner and dependent children, can apply for permanent residency status through Immigration, Refugees, and Citizenship Canada (IRCC), which makes the final decision on all applications.