Canada News Financial News

19.09 / 12:59
inflation interest rate Bank of Canada Canada News Bank of Canada interest rate Inflation jumped up to 4% in August thanks to rising gas prices
The annual rate of inflation picked up again in August, rising to four per cent, according to Statistics Canada.
03.10 / 17:45
inflation Canada News Thinking about having a kid? Here’s how much Canadians spend to raise one
With the cost of living running high, raising children is not cheap in Canada.
03.10 / 05:19
inflation COVID Canada News Canada just had its lowest number of births in 17 years. What’s behind it?
The number of babies born in Canada dropped to a 17-year-low last year amid the COVID-19 pandemic and a declining fertility rate, data shows.
27.09 / 07:01
Canada News Canadian air force investigate ‘inappropriate’ CF-18 call sign
The Royal Canadian Air Force (RCAF) says it’s investigating an “inappropriate and unapproved” call sign that was broadcast by a military pilot in the United Kingdom on Monday.
25.09 / 15:03
Canada News Hardeep Singh Nijjar Khalistan Sikh Indian Sikh group urges protests outside Indian embassies in Canada over Nijjar murder
Sikh group has called on its members to protest outside the Indian diplomatic missions of main Canadian cities on Monday, a week after Prime Minister Justin Trudeau raised the prospect of New Delhi’s involvement in the murder of a Sikh separatist leader in British Columbia.Trudeau said last week Canada was pursuing “credible allegations” that Indian government agents may be linked to the killing of Hardeep Singh Nijjar, who was shot dead outside a Sikh temple on June 18 in Surrey, a Vancouver suburb with a high Sikh population.India swiftly denied any role in the killing and described the allegations as “absurd.” The accusations have sparked tensions between the two countries, with each nation expelling diplomats, and New Delhi suspending visas for Canadians.Jatinder Singh Grewal, a director for Sikh for Justice in Canada, told Reuters on Sunday that his organization will lead the demonstrations outside the Indian embassies and consulates in Toronto, Ottawa and Vancouver to increase public awareness about Nijjar’s killing.“We are asking Canada to expel the India ambassador,” Grewal said. Representatives for India’s diplomatic missions in Ottawa and Toronto were not immediately available for comment.The Toronto Police Department said it was aware of the planned demonstrations on Monday but declined to disclose details of the security preparations or potential response to any violent situations that may arise during the protest.Nijjar, who worked as a plumber, left the north Indian state of Punjab a quarter-century ago and became a Canadian citizen.
20.09 / 14:43
Canada News Hardeep Singh Nijjar India issues Canada travel advisory as tensions rise of Nijjar murder
India urged caution on Wednesday by its nationals in Canada, and those planning to visit, as relations deteriorated after each nation expelled one of the other’s diplomats in an escalating row over the murder of a Sikh separatist leader.
14.09 / 15:03
Business News Canada News reports Sobeys parent Empire reports higher Q1 profit ‘despite ongoing volatility’
Empire Co. Ltd. says it earned $261.0 million in its latest quarter, up from $187.5 million in the same quarter last year, boosted by the sale of its 56 gas stations in Western Canada to Shell Canada.
14.09 / 15:03
Business News Canada News strategic review Deal Laurentian Bank completes strategic review without deal to sell
Laurentian Bank has completed its review of strategic options without a deal to sell the bank.
07.09 / 14:11
Canada News foreign interference foreign Ottawa taps Quebec judge to lead foreign interference inquiry: sources
foreign interference in Canadian elections and society.Marie-Josée Hogue, a puisne judge of the Court of Appeal of Quebec, has been tapped to lead the inquiry, a government source told Global News Thursday. Two government sources also confirmed the news to The Canadian Press.Hogue was appointed as puisne judge in the Quebec appeals court on June 19, 2015, according to the court’s website.
31.08 / 18:51
Business News CIBC Canada News Bank earnings CIBC misses profit estimates as it sets aside more money for bad loans
Canadian Imperial Bank of Commerce (CIBC) missed analysts’ estimates for quarterly profit on Thursday, hurt by higher loan-loss provisions to cover for consumers struggling to make their repayments in a tough economy.
28.08 / 17:13
Cybersecurity Cybercrime Canada News Canada’s critical infrastructure an ‘almost certain’ target for cybercrime
ransomware attacks, with organized cybercrime activity posing a threat to national security, economy and critical infrastructure, officials are warning.The Canadian Centre for Cyber Security released a report Monday, saying that over the next two years, “financially-motivated cybercriminals will almost certainly continue to target high-value organizations in critical infrastructure sectors in Canada and around the world.”In particular, the agency categorized ransomware — in which digital files are held hostage or encrypted until a fee is paid — as the “most disruptive” form of cybercrime facing Canada.“Ransomware has become one of the most devastating types of cybercrime, impacting individuals, businesses, and government agencies,” the report said.“Over the next two years, we assess that cybercrime activity in Canada will very likely increase.”The warnings come amid a year that has seen dozens of high-profile cyberattacks and ransomware targeting major businesses, healthcare networks, law enforcement and governments around the world.Among all the ransomware incidents in Canada, the top sectors targeted in 2022 were manufacturing, businesses and professional services, information and communication technology, retail and consumer goods, and healthcare and pharmaceuticals.Meanwhile, the top ransomware variants included LockBit, Conti, BlackCat/ALPHV, Black Basta and Karakurt.The report assessed Russia, and to a lesser degree Iran, as likely “safe havens” for cybercriminals operating against Western targets.“We assess that Russian intelligence services and law enforcement almost certainly maintain relationships with cybercriminals and allow them to operate with near impunity,” the centre said.Canadian retailers and
25.08 / 19:05
Climate change Wildfires Canada News Conspiracy theories swirl around wildfires amid record season in Canada
wildfire season is devastating evidence of the effects of climate change, scientists say, but for some conspiracy theorists, the thousands of square kilometres of burnt ground isn’t enough to convince them.Instead, space lasers, arsonists and government plots to restrict people’s movement are some of the causes of the fires, according to fringe online circles. But despite being fringe, these theories are widely circulated and boosted by social media algorithms.People turn to conspiracy theories to help them make sense of disasters like the recent wildfires on the Hawaiian island of Maui, in British Columbia or the Northwest Territories, said Eric Kennedy, associate professor at York University’s school of administrative studies.“Some of the conspiracy theories about wildfires create simple villains, or simple evil characters – ‘this is Bill Gates, this is the World Economic Forum, this is a particular evil actor,”’ said Kennedy, who studies decision-making in emergency contexts, particularly wildfires.“Sometimes the simple stories are very appealing.
25.08 / 12:37
inflation Canada News Shopping for school? How Canadian parents are saving up amid inflation
Two weekends ago, Anne Zarifa and her children sat down to make a list of clothes they’d need for the coming school year after sifting through their closets to get rid of anything too small or worn out.
23.08 / 05:33
Canada News Work commute rising in Canada as more people going into office
As more companies call workers into the office after the peak of the pandemic, a growing number of Canadians are now commuting to their work – and for many, it’s taking longer than before, new data shows.
21.08 / 17:53
Wildfires Canada News trudeau Wildfires in B.C., N.W.T. causing ‘apocalyptic devastation,’ Trudeau says
wildfires in British Columbia and the Northwest Territories have caused “apocalyptic devastation” in those regions, Canada’s Prime Minister Justin Trudeau said Monday.A state of emergency has been declared in B.C., where hundreds of fires across the province have forced mass evacuations. In N.W.T., all residents of the territory’s capital have been ordered to evacuate because of the threat of an encroaching wildfire.Trudeau, speaking in Cornwall, P.E.I., ahead of a Liberal cabinet retreat, said he met with several N.W.T evacuees on Friday in Edmonton, where they had driven for hours to find safety from the Yellowknife-area fires.“People are facing horrific situations.
17.08 / 18:01
Sexual assault Canada News debate Is it sexual assault to secretly record consensual sex? Ottawa case sparks debate
Secretly filming and sharing footage of consensual sex constitutes a sexual assault, according to an Ottawa judge’s recent ruling, sparking a debate over how courts view consent in cases involving technology.
16.08 / 18:45
Hyundai Canada News Recall safe Hyundai issues recall for 11K vehicles in Canada. Is your car safe?
Hyundai Motors North America has issued a safety recall of 63,128 cars in Canada and the United States.Of those recalled vehicles, 11,120 are in Canada, Jennifer McCarthy, a spokesperson for the company, told Global News Wednesday.The vehicles are being recalled as a safety measure due to an issue with the transmission electric oil pump for the Idle Stop & Go System (ISG), which poses a potential fire risk.The model year 2023-24 Hyundai Palisade vehicles and model year 2023 Tucson, Sonata, Elantra and Kona vehicles produced for sale in the U.S. and Canada have been affected by the recall.McCarthy said owners can continue to drive the affected vehicles, but they are being advised to park these cars outside and away from structures until the recall remedy is completed.She added that owners of the recalled vehicles will be notified by mail with instructions to bring their vehicles to a Hyundai dealer to inspect and replace the electric oil pump controller if required.“The transmission electric oil pump for the Idle Stop & Go System (‘ISG’) in the subject vehicles might have been assembled with printed circuit boards (‘PCB’) that were damaged during manufacturing by the oil pump controller supplier,” McCarthy said.“A damaged capacitor on the pump controller PCB could impact electrical operation leading to heat damage to the electric oil pump circuit board, connector, and wiring harness.
03.08 / 17:03
Canada News analysts trudeau Trudeau focused to stay on as Canada’s PM amid separation, shuffle: analysts
Justin Trudeau’s surprise announcement that he and his wife were separating, just a week after a broad cabinet reshuffle, underscores the Canadian prime minister’s focus and intent to lead the Liberal Party into a fourth election victory, despite sagging opinion polls, pollsters and insiders said.On Wednesday, Trudeau and his wife Sophie Gregoire Trudeau unexpectedly announced their separation, likely marking the end of their 18-year-long high profile marriage. The separation is one of Trudeau’s biggest personal crises, although insiders and political commentators said he wants to ride out the aftershocks.“He’s running again,” said a source close to Trudeau, when asked whether the news of the separation might be prompting second thoughts.
01.08 / 17:59
Business News Canada News Molson Coors sales surge as market shift from Bud Light expected to be ‘very profitable’
Molson Coors Beverage on Tuesday raised its annual sales and profit forecasts, boosted by strong demand for its core brands Miller Lite and Coors Light.
31.07 / 22:39
Metro inflation Cost of Living Canada News Wave of strikes in Canada could cause ‘knock-on effect’ in other sectors, experts warn
Whilea new tentative deal may have been reached between the two sides involved in a labour dispute impacting thousands of B.C. port workers, experts say Canada may not have seen the last of strikes this year.
31.07 / 15:01
Canada News Canada rolling out individual cigarette warnings. Will it curb smoking?
A fresh set of Health Canada regulations that require warning labels on individual cigarettes is set to come into effect Tuesday.

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