County Canadian Financial News

The Bank of Canada delivered an oversized interest rate cut of half a percentage point on Wednesday, focusing now on boosting the Canadian economy amid signs inflation is well under control.

US indictment linking a former Indian agent to a foiled bid to assassinate Khalistani separatist Gurpatwant Singh Pannun paints a «compelling and detailed portrait» of «a single plot» emanating from Delhi to kill multiple targets across North America, especially in Canada and the US, Canada's most recent envoy to India Cameron MacKay has alleged. In an interview to CBC News, MacKay, who left India in August, said both Canada and the US are probing the matter, adding it was «a fiasco on the part of the Indian government» to think that it could carry out crimes in Canada and the US and get away with it. New Delhi expelled Canadian Charge d'Affaires Stewart Wheeler and five other diplomats following Ottawa's fresh allegations of the Indian government's involvement in the killing of Sikh extremist Hardeep Singh Nijjar on Canadian soil last year. The Canadian diplomats left New Delhi on Friday evening. India also recalled its High Commissioner and five more diplomats and they are also on their way back to India. The Canadian government had said the Indian diplomats were expelled from the country.

Up until Thursday, some people may have heard Ryan Wedding’s name but most were probably unaware of his existence.

Three large tobacco companies would pay nearly $24 billion to settle a long-running legal battle in Canada

foreign policy experts have expressed their views on how Canada's rogue allegations have strained the relationship between the two countries. In an interview to ANI, defence expert Shiwalee Deshpande said that the relations have soured significantly between the two countries. «The matters are very, very serious and the relations are strained because of the comments made by Justin Trudeau.» Commenting on the Indian government's decision to call back Indian diplomats from Canada and expelling Canadian diplomats from India, she noted that it was, «A very strong step taken by the Indian government. It showed to the whole world that don't mess with India, otherwise India would come out to be very, very strong.

Ottawa’s proposed mortgage changes may well give first-time homebuyers a near-term boost in affordability, but could also stoke vulnerabilities in the Canadian economy, a TD Bank economist argues.

CC1'an individual named in connection with the alleged assassination plot of US-based Khalistani separatist Gurpatwant Singh Pannun is no longer an employee of the Indian government. On Thursday, the US State Department described a meeting with the Indian Inquiry Committee as «productive,» highlighting India's cooperation in the ongoing investigation. US State Department Spokesperson Matthew Miller expressed satisfaction with the collaboration. Miller stated, «It was a productive meeting. They did inform us that the individual who was named in the Justice Department indictment is no longer an employee of the Indian government. We are satisfied with the cooperation. It continues to be an ongoing process. We continue to work with them on that, but we do appreciate the cooperation and we appreciate them updating us on their investigation as we update them on ours.»

All but one of Canada’s six biggest lenders now expect the central bank to cut borrowing costs by half a percentage point after inflation cooled by more than expected last month.

Samidoun, a pro-Palestinian group behind a rally where people chanted “death to Canada” and burned the Canadian flag in Vancouver earlier this month, as a terrorist entity.Public Safety Minister Dominic LeBlanc made the announcement on Tuesday and noted that the listing was made alongside the U.S. Treasury Department’s own decision to list the group as a specially designated global terrorist entity.“Violent extremism, acts of terrorism or terrorist financing have no place in Canadian society or abroad,” LeBlanc said in a statement.“The listing of Samidoun as a terrorist entity under the Criminal Code sends a strong message that Canada will not tolerate this type of activity, and will do everything in its power to counter the ongoing threat to Canada’s national security and all people in Canada.”Samidoun has been previously listed as a terrorist entity by Germany and the Netherlands and, in a release, Public Safety Canada, said the group has “close links with and advances the interests of the Popular Front for the Liberation of Palestine (PFLP).That group is also listed as a terrorist entity by Canada, the U.S.

Canada’s top securities regulator is exploring adding a fund type that would let ordinary Canadians invest in infrastructure projects and private assets.

India’s investment landscape is witnessing a transformative shift with the Securities and Exchange Board of India’s recent approval of a new asset class called ‘investment strategies’. This asset class aims to bridge the gap between traditional mutual funds and portfolio management services by targeting investors having a high risk-return appetite. It seeks to enhance portfolio flexibility while addressing the rise of unregistered investment schemes that promise unrealistic returns. This product resembles liquid alternative investments that are flourishing in the US and Canadian markets.

This summer proved to be the costliest season for natural disasters in Canadian history, with more than $7 billion in catastrophic losses resulting from four severe weather events.

Chevron Corp. has agreed to sell stakes in oil sands and shale assets in Western Canada to Canadian Natural Resources Ltd. for US$6.5 billion.

Emotional mourners gathered by the hundreds in cities across Canada on Sunday to honour the victims of Hamas’s Oct. 7 attack on Israel that sparked the still raging war in Gaza and roiled tensions in the Middle East and beyond.

The Competition Bureau is using new powers granted by the federal government to compel information from Air Canada and WestJet as part of a probe into the Canadian airline sector.

How many alcoholic drinks do you have in a week? That question was posed to Canadians in a survey and most of them said they had no drinks at all, a new Statistics Canada report shows.

Warren Buffett's Berkshire Hathaway is buying the rest of its utility unit from the estate of a longtime board member who died three years ago, but it's not clear exactly how much it will pay for the 8% stake

Prime Minister Justin Trudeau’s government survived a second attempt by the Conservatives to topple it with a non-confidence motion in the House Commons on Tuesday, with the NDP and the Bloc Quebecois voting against the Conservative motion.

Controversy broke out last week over a proposal from Brookfield Asset Management Ltd., the investment company, to create a $50-billion fund that would include pension and federal government money to invest in Canadian equities. Much of the uproar was focused on a conflict of interest for Brookfield senior executive, Mark Carney, who was recently appointed by Prime Minister Justin Trudeau to provide advice on economic policy.

The corporate quest for profit via real estate holdings is exacerbating Canada’s rental affordability crisis, according to a report from Canadians for Tax Fairness.

The Bank of Canada likely can’t afford to continue its current pace of interest rate cuts and will have to pick up the pace at some point as soft economic data continues to come in, according to analysts at CIBC Capital Markets.