County Canadian Financial News

labour dispute is costing farmers between $40 million and $50 million a day. A city councillor says the stoppage has disrupted the daily lives of residents.“We’re going to have to talk to our banks and talk to our creditors and say, ‘Hey, you know what I thought I could do? I can no longer do it,’” Grain Growers of Canada Chair Andre Harpe told Global News.“It’s not been a pleasant experience for anyone,” Maple Ridge, B.C.

A workers union and Canada's two major freight railroads wrapped up a nine-hour arbitration hearing with the Canada Industrial Relations Board

With employees back at work, two Canadian railroads can resume operating.

After a bitter contract dispute shut down the country’s two major railways, the federal labour board ordered thousands of rail employees back to work on Saturday.

As questions swirl around how long Canadian rail lines might stay dormant, some economists argue that the Bank of Canada ought to look past any disruptions as it looks to tame inflation and ease pressure on the stagnant economy.

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TD Bank Group reported a loss of $181 million in its latest quarter as it was hit by a charge related to ongoing U.S. investigations into its anti-money laundering program.

Canada’s two biggest railways, accounting for almost 80 per cent of the national network, shut down early Thursday after talks with a union failed, immediately blocking arteries of North American supply chains that carry about $1 billion per day in trade.

By Howard Levitt and Madelena Viksne

Canada’s two largest railroads are facing possible Teamsters strikes.

Bill Ackman’s Pershing Square Capital Management LP built a stake in Canadian investment management giant Brookfield Corporation during the second quarter of 2024, a U.S. regulatory filing released Wednesday showed.  

The start of interest rate cuts from the Bank of Canada has done little to stoke a fire in the Canadian housing market, fresh data from July shows.

The country’s two main railways and their workers remain at loggerheads over scheduling, safety or salaries — depending on who you ask — as the clock ticks down on contract negotiations.

SAINT-QUENTIN-EN-YVELINES, France – Canada’s Brooke Henderson stood by the side of the 14th green at Le Golf National on Saturday and practised her putting motion several times before walking to the next hole.She never did regain her touch on the greens after a 67 a day earlier gave her an outside shot at a medal.Henderson threatened midway through the final round after reeling off three straight birdies, but her putter didn’t co-operate when she needed it.“I gave myself a lot of good opportunities,” Henderson said. “I feel like if I had made two or three different putts throughout the round then I feel like the momentum would have been more in my favour.“It might be a different story standing here.

Manulife Financial Corp.’s Asia business posted further gains, with strong insurance sales in Japan and Hong Kong, offsetting lower earnings in its U.S. division.

It’s an old cliché but the phenomenon known as Turnaround Tuesday — when markets rebound from a selloff at the start of the week — is an opportunity that shows up time and again in the data. The bad news is such recoveries don’t guarantee a bottom has been reached.

Turnaround Tuesday — when markets rebound from a selloff at the start of the week — is an opportunity that shows up time and again in the data. The bad news is such recoveries don’t guarantee a bottom has been reached. Investor psychology during a rout tends to begin with jitters on Thursday, hedging on Friday and all-out selling on Monday, according to Brent Donnelly, veteran trader and president of trading analysis firm Spectra Markets. By Tuesday, the downdraft is primed for a reversal, he wrote in a note published Monday.

Shippers and producers held their breath ahead of a possible strike by thousands of railworkers this month that would halt freight traffic, clog ports and disrupt industries.

The Canadian government says it has completed negotiations with the United States on an agreement that would allow the use of U.S. space launch technology, expertise and data for space launches in Canada

Younger Canadians in particular are turning to artificial intelligence to shape their finances, a survey released this week shows.

Jasper National Park in western Alberta.He says the picturesque Rocky Mountain tourist destination in Alberta is a “truly magical place” that has captivated travellers from Canada and abroad.The King expressed sympathy for those whose lives and livelihoods have been affected, particularly those who have lost property and were forced out.He thanked first responders, community volunteers and leaders who have stepped up to help and commended Canadians lending a hand.Federal officials have said about one-third of the buildings in the Jasper townsite were lost in the blaze, and that there was little firefighters could do to combat an inferno so big and powerful.About 25,000 people, including 5,000 town residents, were ordered to leave just over a week ago as the fast-moving flames approached.“These are dark times, but we greatly admire the strength and resilience of so many people to persevere and rebuild,” King Charles said in a written statement distributed through Rideau Hall.“The number of firefighters who have come from across the world to offer their services speaks not only to the sense of solidarity that exists within that professional community, but also the high regard in which Canada and Canadians are held around the world.”Royalty first came to visit the park in 1939, when King George VI and Queen Elizabeth, the Queen Mother, stayed at the Jasper Park Lodge’s Outlook Cabin.Their daughter, Queen Elizabeth II, stayed there with her husband, Prince Philip, in 2005.For the latest information on which areas in Alberta are under an evacuation alert or order due to a wildfire, visit the Alberta Emergency Alert website. For the latest information on the wildfire status and danger across the province, visit the Alberta