Canada Financial News

11.08 / 21:00
UPS Citi Barcelona community country reports Destinations Anti-tourist sentiment is spreading across Europe. Is Canada next?
Over the course of many weeks in July, thousands of locals hit the streets of Spain’s major tourist destinations saying they’ve had enough of tourists. The protests are the latest in an anti-tourist sentiment gripping much of Europe, with experts warning that they could have ripple effects all over the world.
11.08 / 20:53
Provident performer track Olympics Sporting athletics Canada caps Olympic Games with record medal haul
PARIS – Canada’s record performance at the Olympic Games in Paris did not happen without thorns, but athletes provided unforgettable sporting moments.
11.08 / 07:35
UPS performer stage Olympics Interviews Sporting Canada’s Phil (Wizard) Kim wins gold in breaking
PARIS – Phil Kim was the first, and for the foreseeable future, the only Olympic champion in men’s breaking.The 27-year-old from Vancouver, known in his breaking circles as B-Boy Phil Wizard, captured gold at Place de la Concorde on Saturday.The Canadian dominated his final battle with host-country favourite Danis Civil (Dany Dann) of France by winning all three rounds and taking 23 of a possible 27 votes from the judges.The 2022 world champion and reigning Pan American Games champion Kim was a favourite in the performance sport making its Olympic debut in Paris.It isn’t on the menu in Los Angeles in 2028 nor is it certain to return in Brisbane, Australia, in 2032.The sunny, charismatic Kim was that throughout his bouts Saturday, but he shed tears both on the podium during O Canada, in interviews afterward and when he embraced his mother Gilsoo, father Byung Tae and brothers Daniel and John.“I was stressed out of my mind,” Kim said. “Yesterday, I cried my eyes out because I was so scared to do this.“There’s been a lot of pressure and a lot of expectations.
11.08 / 07:10
COST UPS Fighting Golf Olympics shock Cool putter proves costly for Canada’s Henderson
SAINT-QUENTIN-EN-YVELINES, France – Canada’s Brooke Henderson stood by the side of the 14th green at Le Golf National on Saturday and practised her putting motion several times before walking to the next hole.She never did regain her touch on the greens after a 67 a day earlier gave her an outside shot at a medal.Henderson threatened midway through the final round after reeling off three straight birdies, but her putter didn’t co-operate when she needed it.“I gave myself a lot of good opportunities,” Henderson said. “I feel like if I had made two or three different putts throughout the round then I feel like the momentum would have been more in my favour.“It might be a different story standing here.
11.08 / 01:17
markets Platform students Experts Universities Colleges For some, college degree at home is new study abroad
study abroad platforms including CollegeDekho, iSchoolConnect, Leverage.biz, Career Mosaic, among others told ET that Indian colleges have lately become safer bets or at least a back-up option for students considering international markets for education. The reasons: protests escalating into violence, political unrest, tighter visa policies, geo-political tensions and economic slowdown in many of the study abroad destinations for Indian students, said experts. Nations like Canada, Australia and the UK that are home to the bulk of Indian students have tightened visa policies leading to higher rates of rejection. Others like Russia, Ukraine, Bangladesh and even some regions in the UK and the US are grappling with either public unrest or geopolitical tensions, making them unattractive.
10.08 / 20:01
UPS Man Waters Mobile social reports Montreal drenched in record-breaking rain as tropical storm Debby’s remnants hit Canada
Montreal was drenched in record-breaking rain and hundreds of thousands of homes were plunged into darkness across Quebec as tropical storm Debby‘s last gasps hit eastern Canada on Friday.
10.08 / 19:56
Pool Olympics Sporting volleyball Canada wins 1st-ever women’s beach volleyball medal at Paris 2024
Canadian beach volleyball players Melissa Humana-Paredes and Brandie Wilkerson will settle for silver at the Paris Games.
10.08 / 12:19
UPS Action Justice show Courts Investigations Relationships RBC's former CFO sues bank, denies affair with colleague
Royal Bank of Canada’s former chief financial officer is suing for wrongful dismissal, arguing the bank made a “devastating” error when it fired her over a personal relationship with a co-worker — and denying that the two were romantic partners.
10.08 / 12:15
markets COST Provident performer track country Lenders cut rates following supersized drop in funding costs
It’s rate cuts galore this week as lenders play catch-up to the supersized drop in funding costs.
10.08 / 12:13
markets Citi Waves Analysis country reports strain Posthaste: Canadian home prices will experience 'sizable pullbacks' in cities you might not expect
Home prices in Canada aren’t done falling this year as a lack of affordability and looming mortgage renewals weigh on markets across the country, according to an analysis from economists at Oxford Economics.
10.08 / 12:12
Provident CRA information 2020 reports prevention Courts CRA wins in court as woman fails to justify RRSP overcontribution
No one likes paying tax on investment income. With marginal tax rates as high as 54.8 per cent on interest income for residents of Newfoundland and Labrador, and capital gains tax rates now over 35 per cent in half the provinces for individuals with more than $250,000 of annual gains, maximizing registered plan contributions has never been more important.  
10.08 / 12:10
markets UPS FIVE folk reports testing Reports of a 'mortgage renewal cliff' have been greatly exaggerated
Few real estate stories have had more hype in the last year than the dreaded mortgage renewal shock, a.k.a. “mortgage renewal cliff,” “mortgage renewal wall,” or whatever other ominous-sounding metaphor commentators came up with.
09.08 / 22:24
markets UPS economy wellness Trade Cycling reports July jobs report ‘does nothing to dissuade’ more rate cuts: economists
Steady employment levels in July mask “some warning signs” about the health of the Canadian labour market, with most economists expecting the latest figures will open the door for more interest rate cuts to come from the Bank of Canada.
09.08 / 19:48
security performer stage track stars athletics Did the ‘World’s Sexiest Athlete’ win at the 2024 Paris Olympics?
2024 Paris Olympics, a stage where athletic prowess meets global attention, saw the German track star Alica Schmidt, often hailed as the “world’s sexiest athlete,” fall short of her Olympic dreams. Despite high expectations, Schmidt and her team were unable to secure a spot in the women’s 4×400-meter relay final, marking a disappointing end to her campaign.
09.08 / 13:52
markets COST Manufacturing Software International Layoffs pile up in US, Canada as companies uncertain of economy
job cuts in 2024 after letting go thousands last year, as the outlook on interest rate cuts by the Federal Reserve remains uncertain even as recession fears recede rapidly. Here is a snapshot of job cuts announced so far this year:
09.08 / 06:47
Provident Man Fighting Parke love stars mountaineering 24-year-old identified as firefighter who died fighting Jasper wildfire
Global News has learned the identity of the young firefighter who lost his life fighting the wildfire in Jasper National Park.
08.08 / 14:26
markets UPS MET pandemic students country Trudeau minister mulls banning some industries from using foreign-worker program
Canada is taking initial steps to limit businesses’ use of a program that allows them to bring in temporary foreign workers after it exploded in size, sparking allegations of fraud and exploitation.
08.08 / 14:14
markets UPS Citi economy Remark country reports Posthaste: Canada is in the grips of a 'Me-cession' — and it's especially bad in Alberta
Canada just went through one of the most punishing bouts ofinterest rate hikes in history, and when you think about it, it’s quite remarkable we haven’t fallen into recession — at least not yet, anyway.
08.08 / 13:50
markets UPS Target economy show reports Mortgage renewals and population uncertainty weigh on Bank of Canada, deliberations show
The Bank of Canada’s governing council has shifted its focus to downside risks to inflation and is concerned about the impact mortgage renewals and population growth uncertainty may have on the economy, according to deliberations from its most recent interest rate decision, released on Wednesday.
08.08 / 13:43
markets UPS Fighting McDonald’s show International Tim Hortons parent company's sales hurt by restaurant slump
Restaurant Brands International Inc.’s sales grew less than anticipated in the second quarter, the latest sign of consumer malaise hitting restaurants.
08.08 / 11:03
Waves FIVE Extreme Death Research Universities prevention Several heatwave indices failed to capture severity of extreme weather: Study
heatwaves have become more frequent and intense, emerging as a significant contributor to heat-related deaths. Researchers said that this underscores the urgency of recognising their impact and severity. In the study, published in the journal Nexus, the researchers from The Hong Kong Polytechnic University analysed six available heat wave indices, including the Wet Bulb Globe Temperature (WBGT) index and Canada's humidex. WBGT index was first developed in the 1950s by the US military to prevent heat-related illnesses in training camps.

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