County Canadian Financial News

Canadian wildfires are back again after creating havoc last summer. The fumes, smoke, and burning eyes and throat were a massive nightmare for US and Canadian residents during the last year. The orange skies and billowing smoke from densely forested terrains are hard to forget and it looks like the same will be back again this year, however, in what magnitude, is explained by wildlife experts, in a report by USA Today. According to the report, The 2023 Canadian wildfires were a record breaker causing widespread damage and fumes, that affected regions of the United States neighboring Canada. However, experts think that this year will not see such a massive widespread of wildfires.

Conditions are shaping up for the Bank of Canada to start cutting interest rates, but will our currency throw a wrench in the works?

Nearly four in ten Canada-based institutional investors had exposure to crypto assets in 2023, KPMG survey finds. This marks a significant recovery from the 2022 market slump.

Citigroup Inc. sold a large debt offering in the Canadian-dollar bond market for the first time in nearly a decade as U.S. banks seek to diversify funding after reporting earnings.

Prime Minister Justin Trudeau’s government is set to unveil an ambitious budget aimed at fixing housing affordability and helping young Canadians — but the big question is whether it will raise taxes to pay for it.

arrested and three more arrest warrants have been issued for suspects in a gold heist at Toronto’s Pearson International Airport's cargo facility in April 2023, AFP reported. Termed as "the greatest gold heist in Canadian history" by officials, little of the stolen 6,600 gold bars worth Can$20 million ($15 million) has been recovered, it added. Further, Can$ 2.5 million in foreign banknotes was also stolen in the same heist.

Canadian Prime Minister Justin Trudeau is imposing higher taxes on the wealthiest Canadians as part of the federal government

CSX railroad's first-quarter profit slipped 10% even though the railroad delivered 3% more goods as shipments it handled shifted to a less-profitable mix

Canadian police say nine people are facing charges in the biggest gold theft in Canadian history from Toronto’s Pearson International airport a year ago

Multiple people have been arrested in connection with the largest gold heist in Canadian history at Toronto Pearson airport last year, Peel Regional Police say.

Businesses and wealthy Canadians will be paying higher taxes but Canada’s largest banks and pension managers were most likely breathing a sigh of relief when they read Finance Minister Chrystia Freeland’s latest federal budget, which lays out next steps for competitive “open” banking and persuading pensions to invest more of their billions at home.

Canada has made the decision to reduce the number of its staffers stationed in its consulates across India, a move that could potentially impact visa application processes for individuals planning to travel to Canada. According to a spokesperson from the Canadian High Commission, the staff reductions were deemed necessary due to a decrease in the number of Canadian personnel available to effectively manage operations within the country. Think you check all the immigration boxes? Find out Despite the staff reductions, the spokesperson assured that Canada's visa application centers in India are functioning normally, alleviating concerns regarding any immediate disruption to visa processing procedures.

Canadian province of British Columbia is seeking to regulate electricity use by crypto miners, due to their “unchecked growth.”

Canada has recently decreased the number of Indian staff members in its diplomatic missions across India due to a shortage of Canadian personnel necessary for the effective management of in-country operations. This move comes in response to India's expulsion of 41 Canadian diplomats last year, which aimed to achieve parity in diplomatic presence. Consequently, Canada had ceased in-person operations at its consulates in Mumbai, Chandigarh, and Bengaluru. While the exact number of retrenched employees remains undisclosed, it is understood to be less than 100. Confirming the staff reductions, a media relations official at the high commission expressed regret over the necessity of this decision, citing the departure of Canadian staff last year. «We wish to extend our sincere gratitude to our local staff in India for their resilience, dedication, and service. Canada remains committed to providing essential services to Canadians in India, including consular support and facilitating trade and business development, to uphold the longstanding ties between our two nations,» stated the official, noting that Canada's visa application centers in India continue to operate normally.

Despite learning of “concerns” of allegations of potential foreign interference in the Don Valley nomination race in 2019, Prime Minister Justin Trudeau says he decided not to remove Han Dong as the Liberal candidate because it would have been a “drastic option” based on the available intelligence.

Has the overall Canadian tax system hit a tipping point? I’ve been concerned about this for quite some time and while I try hard not to cry wolf, I try to shine some light on some very serious concerns.

PNP) in 2024, reported CIC News. This number represents a hike of 5,000 nominations over 2023’s 16,500. Ontario got more allocation after a meeting last November where immigration ministers from all Canadian regions met with Federal Minister Marc Miller to discuss immigration's effects on their areas.

total solar eclipse, Sarah Rugheimer is all in.The 40-year-old astronomy professor at York University will be hosting a viewing party at the Royal Hotel in Picton, Ont., a small town in the province’s Prince Edward County region that finds itself in the eclipse’s path of totality.However, at the moment, Monday’s forecast is uncertain, and Rugheimer doesn’t have a back-up plan.“I’m stuck at the Royal Hotel because that’s where I’ve committed to be,” she told Global News on Friday.“I couldn’t fall asleep last night because I was thinking about the cloud coverage. This is my first total solar eclipse.

Canadian Broadcasting Corporation (CBC) on Canadian intelligence service claim on New Delhi’s “interference” in Canadian elections in 2021 as uncorroborated and unsubstantiated. The allegations can further dent lukewarm India-Canada ties. In 2021, the government of India had «intent to interfere and likely conducted clandestine activities,» including using an Indian government proxy agent in Canada, according to an unclassified summary written by the Canadian Security Intelligence Service (CSIS), reported CBC.

Government of India had tried to use its proxy agency in Canada in 2021, according to an unclassified summary written by the CSIS. Similarly, the Government of Pakistan had also attempted to “clandestinely influence" the Canadian politics in 2019, Canada's foreign intelligence agency wrote as quoted by cbc.ca. The documents submitted as part of the federal commission inquiry into foreign influence contain stark assessments — potential interference in Canada's elections by India, China, Russia, and other countries.

Solar Eclipse is on its way this April and will be visible across the United States but there's some bad news as well. According to New York Post, traffic congestion is expected which will have a significant impact across almost 30 interstates. Travelers who will be planning on visits to these regions need to plan due to the traffic congestion scheduled to happen when the solar eclipse arrives. Leave early if you want to reach your destination within the stipulated time.