Canada Financial News

1,000 kilometres of dedicated and mainly electrified tracks between Windsor and Quebec City, with stops in Toronto, Peterborough, Ont., Ottawa, Laval, Que., Montreal and Trois-Rivières, Que.If it goes ahead, it will be the biggest Canadian infrastructure and transportation project in the 60 years since the St. Lawrence Seaway was built.

Rents are up nationally, but there is some good news for renters — the rate of growth is the slowest it’s been in 31 months.

Canadians gearing up for a run at the fall housing market and existing homeowners with a mortgage renewal looming might see interest rates heading down in the weeks ahead thanks to recent market volatility, experts tell Global News.

The Bank of Canada is now less concerned about home prices spiking as it lowers its benchmark interest rate, minutes from the governing council’s latest meeting show.

Chancellor Rachel Reeves will meet bosses of big pension schemes in Toronto on Wednesday, as she seeks to create a “Canadian-style” model in the United Kingdom with massive retirement funds investing in equities and infrastructure.

With the start to the upcoming school year about a month away, many university students might be looking at how to make their summer savings last the year.

Air Canada reported a second-quarter profit of $410 million, down from $838 million a year earlier, as its operating revenue edged higher.

military drills near a territory in the South China Sea near Philippines. The Southern Theatre Command of China's Peoples Army said on Wednesday that it had carried out air and sea combat patrols near Scarborough Shoal to test «strike capabilities», Al Jazeera reported. The exercises came on the same day that the United States, Australia, Canada and the Philippines conducted military manoeuvres within Manila's exclusive economic zone (EEZ), which includes the West Philippine Sea.

Canada-based crypto trading platforms (CTPs) are facing tight regulatory deadline from the Canadian Investment Regulatory Organization (CIRO). The crypto operators are required to comply with the deadline to complete their applications to receive an investment dealer status.

Indian expats, including those at the CXO level ,looking to relocate to India primarily from the US, UK and Canada over the last year, recruitment agency Randstad India told ET. However, Randstand did not quantify the size of the surge of Indian expat applicants. The manufacturing industry is expected to double in size over the next five years from employing around 2.5 to 3 million people to around 5 million by around 2030, Yeshab Giri, Chief Commercial Officer, Operational Talent Solutions at Randstad India, told ET. Government emphasis with big ticket incentives in addition to benefiting from the China plus one strategy has seen the electronics manufacturing sector in particular opening up more opportunities for these expats. The government boosters are seen aiding local manufacturing to get stronger.

Olympic controversy has somehow hit the news, this time around Ethan Katzberg, a hammer-thrower from Canada, who recently grabbed a gold medal for the nation, beating formidable athletes from Germany and Australia. With this win, Canada's most awaited gold medal came after waiting for more than half a century, with the last one coming back in 1956.

Canada unexpectedly recorded a $638 million trade surplus in June as an expanded crude oil pipeline and surging global demand for gold drove exports higher.

A $3.65 billion term-loan package for Focus Financial Partners has been postponed, the third such instance this week for a US leveraged-loan deal as global market tumult of recent days has curbed debt market issuance.

If you hadn’t heard of the Sahm Rule before, you’ve probably heard of it now.

Canadian Imperial Bank of Commerce plans to hire more than 200 employees in data and artificial intelligence over the next year as it expands its use of generative AI.

The Canadian economy is in some serious trouble if it stays on its current trajectory, as it has had the worst growth out of 50 developed economies since 2019.

By Jake Fuss and Grady Munro

By Murtaza Haider and Stephen Moranis

Canadian markets are catching up to a global selloff on Tuesday that rocked major stock indices around the world the day before.

Shippers and producers held their breath ahead of a possible strike by thousands of railworkers this month that would halt freight traffic, clog ports and disrupt industries.

PARIS – The Maple Leaf was not raised on Day 10 of the Paris Olympics after Canadian athletes were held off the podium for the first time at the Games.