CashNews.co Stock photo: Getty Images Canada has provided Ukraine with over US$5 billion in direct budget support since the beginning of the full-scale Russian invasion of Ukraine in February 2022. Source: Ukraine’s Finance Minister Serhii Marchenko Details: “Canada is the third largest G7 member state in terms of funding [for Ukraine]with about US$5.1 billion. We […]
CashNews.co FILE – People shop at a 7-Eleven convenience store in New York, Tuesday, March 19, 2024. (AP Photo/Ted Shaffrey) (The Associated Press) Alimentation Couche-Tard’s (ATD.TO) bid for the Japanese parent company of the 7-Eleven convenience store chain will likely face scrutiny from regulators in the United States, where the two companies operate many neighbouring […]
CashNews.co Wealthsimple got in touch with me the other day with some sad news I expect to hear a lot in the next 12 months. “Our interest rates are dropping 0.5 per cent,” a Wealthsimple e-mail said. This means I earn 3.5 per cent on the money in my Wealthsimple Cash account, down from a […]
CashNews.co Canada’s state-backed export credit agency is reportedly nursing steep losses after lending debt-ridden Thames Water as much as a billion Canadian dollars. The British utility, which has said it could run out of cash by next June, received five loans from Export Development Canada (EDC) between 2018 and 2022 after the Canadian pension fund […]
CashNews.co Finance recently released draft legislation to implement the Canadian Entrepreneurs’ Incentive, which will allow individuals to apply a reduced 1/3 inclusion rate on certain capital gains from qualifying dispositions, beginning in 2025. The draft legislation reflects several changes to the original budget proposal, including expanded eligibility for the new incentive and an accelerated five-year […]
CashNews.co By Tom Polansek and Promit Mukherjee CHICAGO/OTTAWA (Reuters) – A looming stoppage of freight railway operations across Canada would disrupt North America’s agricultural supply chain, snarling shipments of everything from wheat to fertilizer and meat. Unless last-minute labor agreements are reached, both Canadian National Railway and Canadian Pacific Kansas City, an effective duopoly, will […]
CashNews.co Economists expected Canada’s annual inflation rate to slow to 2.5 per cent. (Photo by Creative Touch Imaging Ltd./NurPhoto via Getty Images) (NurPhoto via Getty Images) Canada’s annual inflation rate slowed to 2.5 per cent in July, according to Statistics Canada, down from 2.7 per cent in June, supporting expectations for a third consecutive interest […]
CashNews.co The Department of Finance has launched the third phase of its review of Canada’s federal financial institutions statutes, concerning proposed changes to the Bank Act, Insurance Companies Act, Trust and Loan Companies Act and related legislation. The public Consultation Paper was published on August 12, 2024 and builds on two previous financial sector consultations by […]
CashNews.co Pedestrians walk past a Sleep Country Canada store on Yonge Street in Toronto on October 19, 2021. THE CANADIAN PRESS/Evan Buhler (The Canadian Press) Sleep Country Canada’s (ZZZ.TO) $1.7 billion deal to be acquired by Canadian insurance-focused conglomerate Fairfax Financial (FFH.TO) has been approved by the country’s competition watchdog, according to a press release […]
CashNews.co Breadcrumb Trail Links Personal Finance Taxes A mountain of new draft tax legislation from the Department of Finance does nothing to simplify the tax system Published Aug 20, 2024 • Last updated 3 hours ago • 5 minute read You can save this article by registering for free here. Or sign-in if you have an […]