County Canadian Financial News

M&A in the Canadian RIA market remains robust thanks to a push from private equity. It may not be as hot as in America, but it’s not bad at all for the “Great White North,” said Shaun Hauser, CEO of Wellington-Altus Financial, a Canadian wealth management firm.

Canada’s fourth-quarter GDP numbers were published last week, and while the economy barely dodged the technical definition of a recession, the figures again painted an ugly picture of Canadians’ economic well-being. Adjusted for inflation, GDP barely budged in Q4. Add the effect of population growth, and real GDP per capita declined for the sixth consecutive quarter. Relative to Q3:2015, the last quarter before the Trudeau Liberals took power, it is up just 0.8 per cent, versus 15.4 per cent in the United States. That constitutes a shocking relative decline in Canadians’ standard of living.

Canada’s biggest pension funds have largely rebuffed recent pressure to pour more of their billions of investment dollars into their home market, but a new campaign backed by 90 business leaders including chief executives of some of the country’s biggest companies appears set to escalate the debate.

The Canadian stock market has been woefully underperforming its U.S. counterpart, but the reason has more to do with sector concentration — Canada is filled with banks and resource-related stocks while the United States is replete with technology and health care — than any commentary about how Corporate Canada is really doing.

NASA’s James Webb Space Telescope (JWST) for the next two years. According to the STScl Cycle 3, a total of 253 General Observer Programs are selected, dedicating approximately 5,500 hours of James Webb Telescope’s prime time and up to 1,000 hours of parallel time to explore various celestial phenomena in the next two years.

UK, Canada, and Australia are having a significant impact on prospective student demand for study in those countries, according to a report by ICEF Monitor. IDP's latest research, «The Voice of the International Student,» conducted in January 2024 across 67 countries with 2,500 student participants, shows that a lot of students are thinking twice about studying in the UK, Canada, and Australia. Meanwhile, the United States seems to be becoming more attractive among students. Are you immigration ready? Find out The prospective student demand for Canada, in particular, is dipping dramatically, while interest in the US increased significantly in 2023, according to a report by Studyportals.

The price of Bitcoin (BTC) now trades at an all-time high against the Canadian dollar roughly seventeen months after the nation’s leader slammed digital currencies as an “irresponsible” investment.

The Bank of Canada is expected to preach patience at its interest rate announcement this week as economists say weakening economic conditions are setting the stage for rate cuts in the coming months.

Biocon Biologics on Monday said it has inked a patent settlement agreement with Bayer Inc and Regeneron Pharmaceuticals Inc, paving the way for it to launch a biosimilar product in Canada. The settlement pact paves the way for the introduction of Yesafili, a proposed biosimilar to Eeylea (aflibercept) injection, in the Canadian market, Biocon Biologics said in a regulatory filing. Under the terms of the agreement, Biocon Biologics has secured a launch date for the product no later than July 1, 2025, it added.

Alberta Premier Danielle Smith is remembering former prime minister Brian Mulroney as a politician who understood her province’s interests.

Canada’s largest banks took higher provisions for credit losses and classified more loans as impaired in their fiscal first quarters, but showed resilience in other areas, an indication that the country’s lenders are weathering a softening economy brought on by higher interest rates.

Ottawa’s policy of preventing Chinese companies from investing in Canadian-listed firms may be put to the test after Vancouver-based Osino Resources Corp. agreed to be bought by Yintai Gold Co. Ltd. for $368 million.

The prime ministers of Canada and Poland have discussed boosting exports of Ukrainian grain to the world’s poorest countries to ease protests by farmers in Europe who see the Ukrainian goods as a market threat

Zelensky vowed Saturday that Ukraine would defeat Russia as the war entered a third year. «We have been fighting for this for 730 days of our lives. We will win on the greatest day of our lives,» Zelensky told an open-air anniversary event in Kyiv. «Any normal person wants the war to end. But none of us will allow Ukraine to end,» Zelensky said, stressing that the war must end «on our terms», with a «just» peace.

Succession planning is emerging as a key theme for Canada’s biggest lenders this year, particularly at Toronto-Dominion Bank, according to a new report from Jefferies Financial Group Inc. analysts.

Millennials are now the dominant generation in the country, Statistics Canada says.

Boeing 737 MAX-8 jets in March 2019, staff at his department prepared three very different speeches.They outlined three different scenarios: restricting the aircraft from Canadian airspace, as many countries already had, declaring the MAX-8 safe to fly, as the Americans did, or allowing the aircraft to operate “only if certain standards were met.”The speeches are part of a newly released trove of internal documents on the federal government’s decision to ground the Boeing jets following a deadly 2019 crash in Ethiopia that killed 18 Canadians.Next month marks the fifth anniversary of the disaster.It’s not unusual for staff to draft multiple versions of speeches for ministers. But the fact that each of Garneau’s three prepared remarks contained vastly different decisions on the grounding of the MAX-8 illustrates the uncertainty at Transport Canada over the jets’ safety.Emails, memos and briefing notes obtained by Global News through access to information law show three days of flurried activity at Transport Canada as the agency’s position continuously evolved.

Justin Trudeau has relied on immigration to drive economic growth and plug labor gaps, but now he is hitting the brakes after a seismic shift in public opinion that could undermine his chances to win the next election. It was Trudeau's father, Pierre, who championed immigration as prime minister in the early 1970s, promoting «multiculturalism» as government policy. Over time, Canadians have come to see the country's diversity as part of its identity, like the maple leaf and hockey. Think you check all the immigration boxes? Find out But when international students led a surge in immigration in the wake of the pandemic, the public mood soured as rental costs soared and services like healthcare came under strain.

(Reuters) — Companies in the United States and Canada have kicked off 2024 with thousands of job cuts across sectors, signaling that the spate of layoffs seen in 2023 could persist as they scramble to rein in costs.

(Reuters) — Canadian miner Nouveau Monde Graphite said on Thursday it has agreed to sign a multi-year supply agreement with a unit of General Motors (NYSE:GM) and would receive $150 million in equity investment from the automaker.

Five years ago, during an idle afternoon at his lakeside vacation home in Ontario, Canadian financier Miles Nadal purchased 99 of the rarest sneakers in the world from Sotheby’s for $850,000. His wife was out wakeboarding with the kids, he was sitting at his computer, and suddenly he’d bought nearly 100 high-value shoes. Nadal recalled telling his wife simply, “I bought some shoes," as if he was describing buying a lone pair of Nikes from Zappos.