County Canadian Financial News

Toronto police say an estimated street value of $90 million in cocaine and crystal methamphetamine was seized in what the force is calling its single-largest seizure of those types of drugs in its history.At a press conference on Friday, Supt. Steve Watts, from the organized crime unit, said officers were investigating a major importation and distribution network for illicit drugs in the Toronto area in a 3.5-month investigation dubbed Project Finito.Watts said 551 kilograms of cocaine and 441 kilos of crystal meth was seized following search warrants in October.“It is the single-largest seizure of crystal methamphetamine and powder cocaine in the history of the Toronto Police Service,” Watts said.“The drugs were destined for the streets of Toronto and beyond and would have inflicted significant damage on our communities,” Watts continued.

The Texas State Securities Board has accused a network of companies under the "GS" brand and operating from Germany of fraudulent activities "tied to digital assets, investments in a staking pool in a proprietary metaverse." The network of companies is controlled by Josip Dortmund Heit.

European stocks edged higher on Tuesday, led by automobiles and basic resources shares, as investors geared up for a key U.S. inflation report that could offer more clarity on the Federal Reserve's monetary policy outlook. The pan-European STOXX 600 was up 0.1% by 0810 GMT after a broad-based rally in the prior session. Along with the U.S.

Canadian-Israeli peace activist Vivian Silver, whose family believed she had been taken hostage by Hamas militants during their brutal attacks in Israel on Oct. 7, is dead, according to Global News Canada and multiple sources close to her family.

Canadian companies are painting a stark picture of a consumer who’s pulling back on spending, as rising debt payments and inflation force households to change their behaviour.

Royce Mendes, head of macro strategy at Desjardins Group, talks with Financial Post’s Larysa Harapyn about why the U.S. economy is doing better than Canada‘s. He discusses the factors affecting both economies, why they’re performing differently and more.

India flagged its concerns at the '2+2' foreign and defence ministerial meeting. «We have made our concerns very very clear,» Foreign Secretary Vinay Kwatra said at a media briefing. The American delegation at the '2+2' ministerial dialogue talks was led by US Secretary of State Antony Blinken and US Defence Secretary Lloyd Austin while External Affairs Minister S Jaishankar and Defence Minister Rajnath Singh headed the Indian side. «We have core security concerns and I am sure you are all aware of recent video that has surfaced from one such individual,» Kwatra said adding the US side understood New Delhi's concerns. The ties between India and Canada came under severe strain following Canadian Prime Minister Justin Trudeau's allegations in September over the killing of Khalistani separatist Hardeep Singh Nijjar in June in the Canadian town of Surrey. Days after Trudeau's allegations, India temporarily suspended issuance of visas to Canadian citizens and asked Ottawa to downsize its diplomatic presence in the country to ensure parity. Canada has already withdrawn 41 diplomats and their family members from India. India has already resumed some of the visa services.

Canadian Tire Corp. Ltd. plans to cut about three per cent of its workforce in its fourth quarter as it faces softening consumer demand.

TORONTO — Canadian Tire Corp. Ltd. plans to cut about three per cent of its workforce in its fourth quarter as it faces softening consumer demand.

By Nivedita Balu

Rogers Communications Inc. in unveiling a new mobile plan for low-income Canadians that it says will make 5G wireless services more accessible for eligible customers, one of several undertakings the company agreed to when it received the federal government’s approval for its acquisition of Shaw Communications Inc. earlier this year.

BCE Inc., Canada’s largest telecommunications company, said it will chop capital spending by $1 billion after a regulator ordered the country’s major phone providers to open up their broadband networks to smaller rivals at prescribed rates.

Canada, External Affairs Minister S Jaishankar said on Saturday as the ties between the two sides remained strained following Canadian Prime Minister Justin Trudeau's allegations of a «potential» involvement of Indian agents in the killing of a Khalistani separatist. The external affairs minister said both sides have been in touch and hoped that a way would be found to resolve the row. At the same time, he asserted that «sovereignty and sensitivity» cannot be one-way streets.

Canada’s Shopify returned to a profit in the third quarter, driven by strict cost controls and adoption of artificial intelligence to attract more merchants to its services.

The House of Commons finance committee has asked Ottawa to reject Royal Bank of Canada’s $13.5 billion acquisition of HSBC’s domestic unit, citing the lack of competition in Canada’s financial sector.

(Reuters) -Canada's Shopify (NYSE:SHOP) returned to a profit in the third quarter, driven by strict cost controls and adoption of artificial intelligence to attract more merchants to its services, sending its U.S. shares 18% higher before the bell.

On the 15th anniversary of the release of the Bitcoin white paper, Canadian Member of Parliament (MP) Joël Lightbound took the opportunity to thank the pseudo-anonymous creator of Bitcoin (BTC), Satoshi Nakamoto, in the Canadian parliament while advocating for people to study the leading cryptocurrency.

By Jonathan Stempel

Some of Australia’s largest nickel producers are increasingly concerned that the Biden administration will allow their big Indonesian rivals access to incentives under the Inflation Reduction Act – a huge subsidy to encourage the transition to clean energy – as early as next month.

Matthew Perry’s iconic performance on “Friends” may forever link him with New York City, but the actor behind Chandler Bing described himself as half Canadian and had deep ties to some of the biggest names in Canadian politics.

Canadian Liver Foundation, the campaign is based off of data from the last two years that shows consuming coffee could lead to a reduced risk of developing liver diseases. In a press release on Wednesday, the foundation said that the campaign celebrates that potential of coffee to “enhance liver health.”The campaign further looks into the actions that individuals can take to prevent such conditions as non-alcoholic fatty liver disease to fibrosis and even liver cancer.Alluding to the research, the foundation noted in their release that one cup of black coffee a day could lower the risk of chronic liver disease by 15 per cent.