City Ontario Financial News

Bitfarms ousted its CEO Geoffrey Morphy on May 13 after he filed a $27 million lawsuit against the company.

Mark Carney and Conservative leader Pierre Poilievre, as per reports. A new poll finds who might win to tackle issues the country is facing with the US president Donald Trump.

The move comes as a direct response to Trump’s 25% tariffs on Canadian goods, which Alberta Premier Danielle Smith condemned as an «economic attack» on Canada.

Carney, who will be sworn in as Justin Trudeau's replacement in the coming days, said Trump's latest tariffs are an attack on Canadian workers, families, and businesses. «My government will ensure our response has maximum impact in the U.S. and minimal impact here in Canada, while supporting the workers impacted,» Carney said. He added: «My government will keep our tariffs on until the Americans show us respect and make credible, reliable commitments to free and fair trade.» Trump said Tuesday that he will double his planned tariffs on steel and aluminum from 25% to 50% for Canada, escalating a trade war with the United States' northern neighbor and showing an indifference to recent stock market turmoil and rising recession risks.

Elon Musk is a tech billionaire, entrepreneur and an innovator and has been dominating the headlines recently due to his involvement in various important projects, influence in technology and space exploration missions. Musk, the richest man in the world, currently has a fortune of about $330 billion, a significant 24% decrease from the start of the year, according to the Bloomberg Billionaires Index. The boss of X (formerly Twitter), Tesla, SpaceX, Neuralink and The Boring Company Elon Musk has used his platform to make his views known on a vast array of topics. Musk is US President Donald Trump's choice to lead Department of Government Efficiency (DOGE), a new advisory body to cut US government jobs and other federal spending.

Surging prices for coffee on global markets are coinciding with a weak Canadian dollar, putting a “pinch” on cafés and retailers that could end up hiking the cost of your cup of joe.

The organizations representing chartered professional accountants in Quebec and Ontario are officially split from Chartered Professional Accountants (CPA) Canada as of Friday.

revealed he was practicing under a name he adopted following his conviction for helping Iran evade sanctions.Dr. Aurash Cohen is no longer entitled to practice in the province, according to the Royal College of Dental Surgeons of Ontario, which said it cancelled his certification on Nov.

U.S. president-elect Donald Trump was asked about Ontario Premier Doug Ford’s recent warning that the province could cut off energy exports to about 1.5 million Americans if Trump lays threatened tariffs on Canada next month, saying Thursday it was “fine.”

Lakshmi Narayan Mandir in Toronto area got an injunction order from a Canadian superior court to prevent Khalistprotesters from gathering within 100 meters of the premises, as per a statement by the Lakshmi Narayan Mandir Hindu Cultural Society in Scarborough. The society also thanked Toronto police for their support in facilitating the Indian Consular Camp held at the temple. In a statement, the society said, «The Superior Court of Justice in Toronto, Ontario has issued an interlocutory injunction prohibiting all protest activities, including physically preventing, or interfering with access to within a 100-meter radius of the Lakshmi Narayan Temple in Scarborough from 8am to 6pm on Saturday, November 30th, 2024. This order aims to ensure the safety and sanctity of the temple premises and individuals during the specified hours.»

The federal government is calling on the provinces to “step up” and drop their sales taxes on certain items in line with Ottawa’s proposed two-month relief period.

rents for all property types across the country just saw their slowest rate of growth since October 2021 — largely due to falling international student enrolment, a new report says.Last month, rents across Canada reached an average of $2,193 per month, according to Rentals.ca and Urbanation’s latest National Rent Report.The report pointed to falling numbers of international student enrolments as being behind the trends.“Rents in Canada are increasing at their slowest pace in nearly three years, largely the result of foreign student enrolments dropping by roughly a half from their record highs, with the impact felt most in B.C. and Ontario,” said Shaun Hildebrand, president of Urbanation.“Meanwhile, smaller, more affordable markets continue to see strong upward pressure on rents as demand shifts to less expensive parts of the country,” Hildebrand said.Despite the slowdown in price growth, rents are 13.4-per cent higher than two years ago and 25.2-per cent higher than three years ago.Condominium rents across Canada declined by 1.7 per cent, averaging $2,296 in September.

sentenced in Michigan in the fall of 2021 for using shell companies to illegally export sensitive manufacturing equipment to Iran, where they were born.They then returned to Ontario, where they had lived prior to their arrests, and applied to change their names to Ameen and Aurash Cohen. The province granted their requests in April 2022.At the time they altered their identities, they were still serving out part of their sentences — a one-year period of supervised release, a form of parole, government records show.Using his new name, Arash Yousefijam, 36, became a registered dentist and went to work in Ottawa as Dr.

Animal welfare activists are calling on the province of Ontario to rescue a young macaque monkey displaying “troubling” behaviour at a roadside zoo in the town of Kincardine.

Ontario Provincial Police say they have uncovered a door-to-door sales fraud operation that victimized more than 200 older and vulnerable residents in Ontario.

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 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.

A new report says August rental rates fell in some of Canada’s largest and priciest markets to continue a months-long trend, while prices rose in smaller markets.

Royal Bank of Canada’s former chief financial officer, fired over allegations she had an undisclosed personal relationship with another executive, said the bank was trying to “manufacture” a reason to get rid of her, as both sides double down in the increasingly acrimonious fight.

A growing number of men and women in Canada’s working-age population are getting unemployment benefits, recent data shows.

Quebec and Ontario organized crime members are travelling to Western Canada to steal valuable vehicles and ship them to Montreal for illicit export sales, a new federal intelligence report says.

Reports that Canadian Imperial Bank of Commerce is on an artificial intelligence hiring spree, seeking to fill 200 well-paying positions , is a hopeful signal that the job-cutting trend at Canadian banks is slowing. For much of 2023, they were “restructuring.” Toronto-Dominion Bank planned to reduce its workforce by three per cent, as did Bank of Nova Scotia. CIBC said it would trim its full-time workforce by five per cent. Royal Bank of Canada job cuts were about half that and over at Bank of Montreal, three per cent of its capital markets workforce was let go last summer.