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 economy unexpectedly stalled in Q4; January rebound likely
TORONTO (Reuters) – The Canadian economy recorded no growth in the final three months of 2022, massively underperforming expectations, though economic activity likely rebounded with a 0.3% increase in January, Statistics Canada…
Canada’s Scotiabank profit falls on capital market slump, provisions
(Reuters) – Bank of Nova Scotia (Scotiabank) reported a lower first-quarter profit on Tuesday, as a lull in its investment banking division dented income from its capital markets unit and compelled the…
Canada’s PM Trudeau says teams looking to find, analyze object shot down over Yukon
OTTAWA (Reuters) – Canadian Prime Minister Justin Trudeau on Sunday said teams are looking for the cylindrical object a U.S. fighter jet shot down over Yukon territory on his orders a day…
Bank of Canada’s Q3 loss spurs government to fix central bank equity problem
By Fergal Smith TORONTO (Reuters) – After the Bank of Canada posted its first ever quarterly loss, the federal government plans to introduce legislation enabling the central bank to retain profits rather…
Canada’s Sun Life clinches $192 million bancassurance deal with Dah Sing Bank
SINGAPORE (Reuters) -Sun Life Financial Inc has struck a 15-year bancassurance partnership in Hong Kong with Dah Sing Bank, a move that is likely to boost the Canadian insurer’s presence in the…
Canada’s First Quantum could suspend Panama jobs due to gov’t order to halt operations
By Valentine Hilaire PANAMA CITY (Reuters) -Canada-based miner First Quantum would suspend a “significant amount” of jobs at its operations in Panama if the Central American government forces it to halt operations…
Canada’s Ivey PMI hits 2-1/2 year low as firms slash inventories
TORONTO (Reuters) – Canadian economic activity contracted in December at the sharpest pace since the early stages of the COVID-19 pandemic as firms worked to reduce their stock of inventories, Ivey Purchasing…
Panama, Canada’s First Quantum talks to continue on Wednesday – sources
By Valentine Hilaire PANAMA CITY (Reuters) – Representatives for Panama’s government and Canada’s First Quantum Minerals are set to meet on Wednesday for a third day of talks to solve a dispute…
Bombardier CEO voices concerns over awarding Canada’s defense contract to Boeing
(Reuters) – Bombardier Inc Chief Executive Eric Martel voiced concerns over Canada’s potential plan to buy reconnaissance jets directly from Boeing Co instead of tapping its home-grown aerospace industry through a bidding…
Canada’s inflation eases a notch, leaves door open for another rate hike
By Ismail Shakil and Steve Scherer OTTAWA (Reuters) – Canada’s annual inflation rate eased to 6.8% in November as gasoline price rose more slowly, data showed on Wednesday, leaving the door open…
Canada’s Trudeau to attend N.American leaders’ summit Jan. 10
OTTAWA (Reuters) – Canada Prime Minister Justin Trudeau will travel to Mexico City to participate in the North American Leaders’ summit on Jan. 10, his office said in a statement on Tuesday.…
Bank of Canada’s inflation fight made harder as bond yields fall
By Fergal Smith and Steve Scherer TORONTO (Reuters) – The Bank of Canada likely faces a challenge in 2023 convincing markets not to expect a swift reversal in its interest rate hiking…
Canada’s Ivey PMI shows activity growing at faster pace in November
TORONTO (Reuters) – Canadian economic activity expanded at a faster pace in November and a measure of price pressures cooled, Ivey Purchasing Managers Index (PMI) data showed on Tuesday. The seasonally adjusted…
Canada’s deep yield curve inversion adds to BoC rate hike dilemma
By Fergal Smith TORONTO (Reuters) – As the Bank of Canada considers ditching oversized interest rate hikes, it is dealing with an economy likely more overheated than previously thought but also the…
BoC’s Macklem: No threat to independence of Canada’s central bank – report
(Reuters) – Bank of Canada Governor Tiff Macklem was quoted in a published report on Sunday saying that he feels no threat to the institution’s independence, even as it comes under intense…
Canada’s Trudeau says clear action plan needed to address Haiti crisis
By Rod Nickel WINNIPEG (Reuters) – Canadian Prime Minister Justin Trudeau on Friday said a clear plan of action was needed before any mission to help Haiti goes forward, a day after…
Canada’s growth slows in the summer as a smaller rate hike eyed
By Julie Gordon OTTAWA (Reuters) -Canada’s economy grew slightly more than expected in August and most likely stayed in positive territory through the summer, official data showed on Friday, a result that…
Canada’s fiscal update won’t make central bank’s job harder -sources
By Steve Scherer OTTAWA (Reuters) – Canada’s Liberal-led government will keep its powder dry when it unveils a fiscal update next month, and though it could contain additional targeted spending, it will…
Canada’s Ontario ups foreign home buyers speculation tax to 25%
(Reuters) – The Ontario government said on Tuesday it was raising the real estate speculation tax for foreign buyers to 25% from 20% under a plan to tackle a housing crisis in…
Facebook threatens to block news content over Canada’s revenue-sharing bill
By Ismail Shakil OTTAWA (Reuters) – Facebook warned on Friday that it may block sharing of news content on its platform in Canada over concerns about legislation that would compel digital platforms…
Exclusive-Ottawa and Alberta clash over who must pay to lift Canada’s carbon capture credits
By Steve Scherer and Nia Williams OTTAWA (Reuters) -Canada’s federal government and the main oil producing province of Alberta are at odds over who should pay to bolster tax credits and scale…
Canada’s No. 2 pension fund Caisse sees opportunities in battered bond market
By Divya Rajagopal TORONTO (Reuters) – Canada’s second largest pension fund Caisse de dépôt et placement du Québec sees opportunities in global fixed income assets after a recent sell-off, and expects global…
Canada’s CIBC adds former finance minister Morneau to board
(Reuters) – Canadian Imperial Bank of Commerce said on Tuesday the country’s former finance minister, Bill Morneau, will join its board of directors effective Nov 1. Morneau served as Canada’s minister of…
Danielle Smith sworn in as premier of Canada’s oil province Alberta
By Nia Williams (Reuters) -Danielle Smith was sworn in as premier of Canada’s main oil-producing province Alberta on Tuesday, days after winning the United Conservative Party (UCP) leadership race with promises to…
Canada-U.S. asylum-seeker pact fight goes to Canada’s Supreme Court
By Anna Mehler Paperny TORONTO (Reuters) – Canada’s Supreme Court Justices questioned whether asylum-seekers that Canada sends back to the United States are really automatically detained and if “safety valves” are available,…
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