Canada’s planned curbs on overseas student work may hurt tight job market
By Wa Lone TORONTO (Reuters) – Canada’s planned curbs on work by international students could spark shortages of temporary workers in food services and retail industries as employers are wrestling with a…
Canada’s O’Regan considers binding agreement to end dock workers strike
(Reuters) – Canadian Labor Minister Seamus O’Regan said on Saturday he could impose a new collective agreement or a final binding agreement on striking dock workers following their rejection of a proposed…
Canada’s CPKC signs deal to study passenger rail project in Mexico
MEXICO CITY (Reuters) – Mexico’s government and railroad company Canadian Pacific Kansas City (CPKC) have formalized an agreement to study the viability of a passenger rail line from Mexico City to the…
Canada regulator proposes banks hold more capital to tackle mortgage risks
(Reuters) -Canada’s banking regulator on Tuesday proposed changes to capital adequacy guidelines that would require lenders and mortgage insurers to hold more funds to better manage risks from a sharp rise in…
Canada’s financial watchdog releases guidelines to give mortgage holders tailored support
(Reuters) – Canada’s financial watchdog on Wednesday released new guidelines for lenders aimed at protecting mortgage holders facing high borrowing costs or who are at the risk of defaulting. The Financial Consumer…
Canada’s grocery industry needs more players to tame inflation – competition bureau
(Reuters) – More players in Canada’s grocery sector are crucial to combat soaring prices of essential goods amid persistent inflation, the country’s competition watchdog said in a report on Tuesday. The report…
Canada’s strong retail sales for April, May bolster chances for rate hike
OTTAWA (Reuters) -Canadian retail sales grew much more than expected in April and will likely post another gain in May, data showed on Wednesday, bolstering the chances that the Bank of Canada…
Canada’s former Conservative leader says China ‘orchestrated’ campaign against him
By Steve Scherer OTTAWA (Reuters) – Canada’s spy agency told former Canadian Conservative Party leader Erin O’Toole that China campaigned to discredit him and suppress votes ahead of the 2021 election he…
Canada’s 2022-23 fiscal year budget deficit shrinks to C$41.31 billion
OTTAWA, May 26 (Reuters) – Canada’s budget deficit in fiscal 2022/23 shrank to C$41.31 billion ($30.89 billion) from C$95.57 billion in the previous year as a post-pandemic economic rebound spurred tax revenue…
WestJet pay debate sets scene for Air Canada’s pilots
By Allison Lampert MONTREAL (Reuters) – A faceoff this week between WestJet Airlines and its pilots over pay could set the stage for aviators’ demands in future bargaining with Air Canada. Pilots…
Canada’s Ivey PMI shows activity expanding at slower pace in April
TORONTO (Reuters) – Canadian economic activity expanded at a slower pace in April as growth in employment slipped and inventories declined, Ivey Purchasing Managers Index (PMI) data showed on Thursday. The seasonally…
Canada’s spy agency withheld information about China’s threats to lawmaker -PM Trudeau
By Ismail Shakil OTTAWA (Reuters) -Canada’s spy agency withheld information about Chinese threats against a Canadian lawmaker and his family in 2021, Prime Minister Justin Trudeau said on Wednesday, adding that he…
Canada’s regulator seeks information on RBC’s $13.5 billion takeover of HSBC unit
(Reuters) – Canada’s Competition Bureau on Monday sought information about Royal Bank of Canada’s $13.5 billion takeover of HSBC’s Canada business. The deal is the biggest acquisition for RBC. The last time…
In New York, Canada’s Trudeau takes veiled swipe at Trump
By Doina Chiacu WASHINGTON (Reuters) – Canadian Prime Minister Justin Trudeau said on Friday he was worried about the future of American democracy, taking a veiled swipe at former U.S. President Donald…
Canada’s economy slowed in February, backing up pause on rates
By Ismail Shakil and Steve Scherer OTTAWA (Reuters) -The Canadian economy grew less than expected in February from the previous month and is seen shrinking in March, data showed on Friday, figures…
Canada’s striking federal workers call on Trudeau to speed up contract talks
By Ismail Shakil OTTAWA (Reuters) – A union representing some 155,000 striking Canadian public workers called on Saturday for Prime Minister Justin Trudeau to speed up negotiations over a deal for higher…
Short positions on Canada’s TD Bank rise to $6.1 billion, ORTEX data shows
By Maiya Keidan TORONTO (Reuters) – Hedge fund bets against Canada’s TD Bank Group hit $6.1 billion on Wednesday, a 45% increase from 14 days ago, according to data provider ORTEX’s calculations,…
Canada’s inflation rate slows to 4.3% in March, slowest pace since 2021
By Ismail Shakil and Steve Scherer OTTAWA (Reuters) -Canada’s annual inflation rate eased in March to 4.3%, its slowest pace in 19 months but still more than double the Bank of Canada’s…
Canada’s Ivey PMI shows activity accelerating in March
TORONTO (Reuters) – Canadian economic activity expanded at a faster pace in March as employment and inventories both climbed, Ivey Purchasing Managers Index (PMI) data showed on Thursday. The seasonally adjusted index…
Canada’s Rogers closes C$20 billion deal for rival Shaw
(Reuters) – Rogers Communications Inc on Monday said it had closed the takeover of smaller rival Shaw Communications Inc, days after Canada gave its final approval for the C$20 billion ($14.87 billion)…
Reactions to Canada’s Rogers-Shaw deal approval
(Reuters) – Canada on Friday approved Rogers Communications Inc’s C$20 billion buyout of Shaw Communications after securing commitments to promote competition in a country with some of the highest wireless bills in…
Canada’s banking regulator reaffirms creditor hierarchy after Credit Suisse deal angers bondholders
(Reuters) – Canada’s banking regulator said on Monday that those who hold Additional Tier 1 (AT1) and Tier 2 debt will be entitled to a more favorable outcome if a bank runs…
Canada’s Couche-Tard in talks on $3.3 billion TotalEnergies stores deal
(Reuters) – Convenience store operator Alimentation Couche-Tard is in exclusive talks to buy some of French energy company TotalEnergies retail assets for 3.1 billion euros ($3.29 billion) in cash, the Canadian company…
Canada’s Purolator to invest C$1 billion to electrify fleet amid green transition
(Reuters) – Canada-based delivery and logistics firm Purolator Inc, largely owned by Canada Post, said on Thursday it plans to invest about C$1 billion ($727.17 million) to electrify its fleet as the…
Canada’s finance minister says she is preparing budget with fiscal constraint in mind
(Reuters) – Canada’s Finance Minister Chrystia Freeland said on Wednesday she is preparing a budget, expected sometime this spring, with fiscal constraint in mind and a goal to avoid fueling inflation. “I…
Canada’s Ivey PMI shows activity expanding at slower pace in February
OTTAWA (Reuters) – Canadian economic activity expanded at a slower pace in February, Ivey Purchasing Managers Index (PMI) data showed on Monday. The seasonally adjusted index fell to 51.6 from 60.1 in…
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