County Ontario Financial News

Japanese automaker Honda is putting $15 billion into their Ontario operations with a new electric vehicle manufacturing plant in Alliston, Ont. with a joint $5 billion coming from the federal and Ontario governments.

Honda plans to invest $11 billion, with the help of joint venture partners, to build out its electric vehicle efforts in Canada as it prepares for future demand in North America for the automobiles

Cryptocurrency exchange Binance has been slapped with a new class-action lawsuit in Canada following allegations of security law violations. 

Canadians who own cottages and other recreational properties may be contemplating their options after Tuesday’s federal budget raised the capital gains tax on annual amounts in excess of $250,000.

The Ontario Teachers’ Pension Plan is exploring a sale of luxury senior-living residences Amica Senior Lifestyles, which could be valued at about $5 billion, according to people familiar with the matter.

Canadian Prime Minister Justin Trudeau is imposing higher taxes on the wealthiest Canadians as part of the federal government

Gas prices in Ontario and Quebec will jump to their highest level in almost two years on Thursday.

the finance ministry’s estimates, annual payment totals for 2024/25 for a family of four are $1,800 in Alberta, $1,200 in Manitoba, $1,120 in Ontario, $1,504 in Saskatchewan, $760 in New Brunswick, $824 in Nova Scotia, $880 in Prince Edward Island and $1,192 in Newfoundland and Labrador.The top-up for rural residents remains at 10 per cent for now, as the amendment to increase that top-up to 20 per cent has not yet passed the House of Commons.

Between mid-December and the end of March, police inspected about 400 shipping containers at the Port of Montreal and found nearly 600 stolen vehicles, most of them from the Toronto area.The operation showed how Canada’s second-largest port has become a key transport hub for stolen vehicle exports. Police say that’s because of the port’s strategic location and large container volume.

As the Greater Toronto Area confronts an auto theft crisis, some residents are considering bold – or arguably radical – action.

Bank of Canada readies for its interest rate decision on Wednesday, experts say.The spring housing market, which kicks off in March, is typically one of the busiest times of the year for home buyers and sellers in Canada.So far, the spring housing season is a “mixed picture,” according to RBC assistant chief economist Robert Hogue, as the Bank of Canada’s benchmark interest rate remains high and boxes out some prospective buyers.Preliminary data from local housing boards show some western markets, particularly in Alberta, saw a strong uptick in home sales in March. In Toronto, housing activity has declined for two consecutive months.Average home prices are meanwhile ticking up in some regions including the GTA after a correction in the market tied to the central bank’s rate tightening cycle over the past few years.“In some parts of the country, that recovery seems to be relatively robust,” Hogue tells Global News.

Nadine Ahn, a prominent figure in Canada's financial sector, recently made headlines following her dismissal as Chief Financial Officer (CFO) of the Royal Bank of Canada (RBC). Ahn's career at RBC spanned over two decades, during which she held various key positions before becoming the first female CFO of the bank in 2021. Despite her achievements, Ahn's tenure came to an abrupt end due to allegations of misconduct related to a personal relationship with another employee. Early Life and Education

cheers, music and matrimony the first total solar eclipse to darken the continent in seven years. From a Mexican beach resort close to where the eclipse made landfall to the banks of the Ohio River and farther north beyond the roaring cascades of Niagara Falls at the U.S.-Canadian border, spellbound crowds reacted to the sight of «totality» with jaw-dropping expressions of awe and joy.

Ontario, Canada, known as a top destination for international students, is anticipated to experience a lesser decline in new study permits than previously projected. Ontario is poised to experience the steepest drop in study permits issued in Canada. Official data unveiled on Friday shows permits plummeting to 141,000 this year from 239,753 in 2023 — a 41% reduction. This figure, however, is an improvement from earlier forecasts by Prime Minister Justin Trudeau's government, which initially anticipated a roughly 50% decrease due to the implementation of a student cap announced in January. Click & check your eligibility for immigration Find out Also Read| Canada plans to reject 606,000 study permits in 2024. Here are the calculations behind its international stdent cap

Canadian households in some provinces are renegotiating debt payments at a record clip, as the financial squeeze from high interest rates continues to take its toll.

Canadian housing prices could reach a new record by 2026, driven by unrelenting demand from a growing population, according to an outlook published by the national housing agency on Thursday.

An extensive crackdown led to the recovery of 598 stolen vehicles in Canada before they could be illegally shipped overseas,  authorities announced Wednesday amid a boom in auto thefts across the country.

The decision by the government of Ontario will hit hardest at colleges that have been relying entirely on foreign enrollments to drive recent growth. Colleges Ontario, an industry group, said revenue losses will be in the hundreds of millions of dollars this fall. That will mean “immediate program suspensions” and a pause on capital spending, Marketa Evans, the group’s CEO, said in a statement. “No organization can absorb such losses without significant cuts to operations.”

The Canadian economy is outperforming expectations to start 2024, Statistics Canada data shows.

Four of the largest school boards in the Canadian province of Ontario have launched lawsuits against TikTok, Meta and SnapChat alleging the social media platforms are disrupting student learning

The prevalence of remote work exploded at the onset of the COVID-19 pandemic, but as the nation continues moving toward a “return to normal,” more and more employers have begun instituting return-to-office policies.From a peak of 41.1 per cent of working Canadians working remotely in April 2020, recent Statistics Canada data shows a combined 25 per cent of working Canadians are working either completely remotely or in a hybrid setup.At the same time, a real estate frenzy that peaked with record sales prices across Ontario in 2022 saw prices fall in 2023 and growth slowing since then, in part due to rate increases from the Bank of Canada.But many real estate agents say workers who moved away from the city during the height of the pandemic are staying put and stomaching a longer commute a few times a week, while others – especially those farther away from urban centres or in remote or difficult-to-access locations – have said the call back to the office has also called clients back to the city, or that the challenges of rural living caught up with some new owners.Data from the Toronto Regional Real Estate Board shows the average price of a home in the city of Toronto was $884,385 in January 2020.