Category: Canada Finance

CashNews.co Article content Canada’s financial institutions are falling short when it comes to the investment levels in renewables needed to reach net zero emissions, according to a new report. Between 2016 and 2024, only three of the country’s largest banks, insurance providers, investment firms and pension boards hit a 2030 International Energy Agency target of […]

CashNews.co Lucid Expands Accessibility to the Award-Winning Lucid Air for Customers in Canada with New Leasing Options The electric vehicle industry continues to develop, occasionally branching out beyond its usual vehicle territory. As a result, auto dealers in Canada may be interested to note that EV maker Lucid has now introduced leasing to its portfolio […]

CashNews.co TORONTO (AP) — Canada announced Monday it is launching a 100% tariff on imports of Chinese-made electric vehicles, matching U.S. tariffs imposed over what Western governments say are China’s subsidies that give its industry an unfair advantage. The announcement came after encouragement by U.S. national security advisor Jake Sullivan during a meeting with Canadian […]

CashNews.co Average card balances exceeded $4,300 in the second quarter, pushing overall outstanding balances to $122 billion, 13.7 per cent more than a year earlier. (Rene Johnston/Toronto Star via Getty Images) (Rene Johnston via Getty Images) Canadians’ average credit card balances swelled to the highest value since 2007, with signs of ongoing financial stress most […]

CashNews.co Breadcrumb Trail Links News Economy Will fall to 3% by next July from current level of 4.5% Author of the article: Bloomberg News Erik Hertzberg and Dana Morgan Published Aug 26, 2024 • Last updated 15 hours ago • 2 minute read You can save this article by registering for free here. Or sign-in if […]

CashNews.co Canada is taking steps to tighten the rules around its Temporary Foreign Worker (TFW) Programme, particularly for low-wage positions. Prime Minister Justin Trudeau has announced that starting September 26, 2024, businesses will only be allowed to fill up to 10% of their workforce with low-wage foreign workers, down from the previous 20%. This […]

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CashNews.co Key Takeaways Canada will implement a 100% tariff on EVs produced in China, along with a 25% tariff on Chinese aluminum and steel products. The move brings Canada in line with the U.S., which announced a similar tariff in May. Canada’s Department of Finance called China an “extraordinary threat” to the global EV market. […]

CashNews.co Financial education has the power to improve the lives of thousands of Canadian high school students by giving them the skills they need to make informed decisions. However, new data from Intuit Canada shows a lot more work needs to be done to prepare them for life after high school. The results of Intuit […]

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