County Canadian Financial News

11.12 / 19:37

BLOCK Platform security ByteDance TikTok country Courts TikTok files challenge against Canadian govt order to dissolve its business

TikTok has challenged a Canadian government order to shut down the Chinese video-sharing app’s business operations in the country that was imposed over national security concerns

10.12 / 23:03

UPS Provident Target electronic information recommendations Investigations Canadian lawmakers target Interac, hint big-bank owners should be forced to sell

Canadian lawmakers took aim at the country’s widely used money-transfer service, run by Interac Corp., and hinted that its owners should be forced to sell it.

10.12 / 23:03

markets Target economy pandemic love show reports Bets are high for another big cut by the Bank of Canada on Wednesday

The Bank of Canada is set to make its final policy rate decision of the year on Wednesday, with markets now betting the central bank will make another outsized cut of 50 basis points, bringing the rate down to 3.25 per cent.

08.12 / 10:09

UPS Racing Software awards Moodys rights Nobel laureates urge strong AI regulation

Nobel Prize winner Geoffrey Hinton and chemistry laureate Demis Hassabis on Saturday insisted on a need for strong regulation of artificial intelligence, which played a key role in their awards. «AI is a very important technology to regulate but I think it's very important that we get the regulations right and I think that's the hard thing at the moment is it's such a fast moving technology,» Hassabis told a news conference in Stockholm. Hassabis, who jointly won with Americans David Baker and John Jumper for revealing the secrets of proteins through AI, said such evolutionary speed posed a giant challenge.

06.12 / 19:03

Provident Fitch trends President CIBC performer country Big Six banks to further diverge as economic conditions get trickier

Diverging performances once again dominated the quarterly earnings of Canada’s top banks, with just three of the six lenders beating analysts’ expectations.

05.12 / 16:39

COST UPS Gap show rowing Posthaste: Why the great wealth transfer might not be all it's cracked up to be

The great wealth transfer has started, but millennials and generation Z may not inherit as much as they think.

05.12 / 13:05

UPS economy Fishing pop reports rowing 'We're in a recession,' says former Bank of Canada governor Stephen Poloz

Former Bank of Canada governor Stephen Poloz says Canada is in a recession, arguing the economy’s weakness has been masked by strong population growth.

05.12 / 06:55

Southern Bill Labrador country reports Equality These parts of Canada could be in for a warmer winter. What about snow?

If you’re thinking of getting your winter tires, now might be a good time.

02.12 / 20:53

markets UPS Strategy Trade CIBC RAI The Canadian dollar vs. Donald Trump: How low can a slumping loonie go as the Trump trade plays out?

The Canadian dollar has been steadily declining over the past couple of months — a drop many economists and currency experts have linked to the rising expectations of a Donald Trump victory in the lead up to the U.S. election. The loonie is down just over four per cent against its U.S. counterpart since late September, and 1.5 per cent since Nov. 5. It slumped nearly a half per cent after Trump announced that, on day one of his presidency, he would impose a 25 per cent tariff on all goods entering the United States from Canada and Mexico.

30.11 / 04:37

COST security Election wellness President country reports Canadian Prime Minister Trudeau flies to Florida to meet with Trump after tariffs threat

Canadian Prime Minister Justin Trudeau has flown to Florida to have dinner with President-elect Donald Trump at his Mar-a-Lago club after Trump threatened to impose sweeping tariffs on Canadian products

29.11 / 20:07

FIVE Waters Southern Food Nov Kirklands reports SunFed recalls cucumbers in US, Canada due to potential salmonella contamination

Cucumbers shipped to 13 U.S. states and five Canadian provinces and organic eggs sold in 25 Costco stores in five southern U.S. states have been recalled because of potential salmonella contamination

28.11 / 14:51

COST UPS FIVE Bill Harmonic shock ‘Tax holiday’ bill expected to pass in House of Commons

Legislation to create a two-month-long GST holiday is expected to pass on Thursday.

28.11 / 11:41

markets DOW economy Trade country 2020 Wall Street’s response to more tariffs: Been there, done that

Subscribe to enjoy similar stories. Wall Street isn’t thrilled about the return of Donald Trump’s tariff threats. But traders are hardly panicking either.

27.11 / 13:07

markets UPS Target economy Trade social International Trump’s tariff message: I’m in charge of the economic agenda

Subscribe to enjoy similar stories. When President-elect Donald Trump said he would nominate the hedge-fund manager Scott Bessent as his Treasury secretary Friday, much of Wall Street and corporate America breathed a sigh of relief. The choice of Bessent, who is hawkish on deficits, a defender of the dollar’s reserve status, and until recently circumspect about tariffs, suggested that Trump would put a priority on market-friendly measures to boost economic growth and hold down inflation and interest rates.

26.11 / 21:39

COST Manufacturing economy President Universities reports Trump’s 25% tariff would mean recession for Canadian economy next year, economists warn

Economists are warning the hit to Canada’s economy will be significant if incoming U.S. president Donald Trump makes good on his threat of imposing a 25 per cent tariff on all Canadian and Mexican imports when he takes office.

26.11 / 20:05

UPS Gap Election Trade social consequences Loonie’s plunge just one consequence of Trump tariff threat on your wallet

loonie is shaping up as an early casualty of U.S. president-elect Donald Trump’s latest trade threats against Canada, with knock-on impacts expected elsewhere in Canadian pocketbooks.The value of the Canadian dollar dropped to a four-and-a-half-year low of 70.53 cents to the U.S.

26.11 / 14:33

COST CEO security economy wellness country social Trump’s tariff will hurt both Canada and U.S., Canadian leaders say

Business and political leaders in Canada say there will be pain if Donald Trump follows through on his pledge to impose a 25 per cent tariff on all Canadian goods, but they note the hurt will happen in his country as well.

22.11 / 15:03

markets Digital Aware Google security Strategy WhatsApp Ottawa denies it has evidence linking India PM Modi to violence in Canada

The Canadian foreign ministry last month alleged Amit Shah, considered the number two in Modi's government, was behind a campaign of intimidation in Canada. Ottawa says it has evidence linking Indian government agents to the 2023 murder of Sikh separatist Hardeep Singh Nijjar in Canada. This week, the Globe and Mail newspaper said Canadian security agencies believed Modi knew about the violent plots and said Foreign Minister Subrahmanyam Jaishankar and national security adviser Ajit Doval were also in the loop.

22.11 / 03:05

FIVE President Celebrity rights Canada's Irving Tissue plans a $600 million factory expansion in Georgia, hiring 100 more workers

A Canadian company will spend $600 million to expand its tissue paper mill in Georgia, hiring 100 more workers

20.11 / 18:35

markets Action security Experts consequences reports strain India rejects Canadian media report linking PM Modi & EAM Jaishankar to Nijjar's killing, calls it 'ludicrous'

Khalistani terrorist Hardeep Singh Nijjar. The report alleged that PM Modi was aware of the plot to kill Nijjar in British Columbia. MEA said, such ludicrous statements made to a newspaper purportedly by a Canadian government source should be dismissed with the contempt they deserve. «Smear campaigns like this only further damage our already strained ties,» MEA added.

17.11 / 18:35

CEO WhatsApp peace Former Canadian PM slams culture of cultivating Khalistanis and Jihadists

Former Canadian PM Stephen Harper, under whose watch ties with India prospered, has lashed out against the practice of cultivating Khalistanis and Jihadists and suggested tougher immigration rules. Harper expressed his views at an event organised by the Abraham Global Peace Initiative (AGPI) in a conversation with AGPI founder and CEO Avi Benlolo. In a column in the Canadian daily National Post on Friday, Benlolo quoted Harper as saying, «We must stop cultivating Jihadists, antisemites, Khalistanis, Tamil Tigers, and other divisive groups. When it comes to our immigration system, we are going to have to ask ourselves some hard questions about how we screen people.» «We cannot start importing age-old hatreds onto our streets,» he said.

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