CashNews.co Two senior Cabinet ministers in Ottawa are facing down a 30-day deadline to report back on what they’re doing to get Canada’s financial system in line with the country’s climate commitments. The pressure is coming from the House Committee on Environment and Sustainable Development, where a motion last week by MP Monique Pauzé (BQ-Repentigny) […]
CashNews.co Breadcrumb Trail Links News Economy The dollar is hovering around 71 cents U.S. with presidential inauguration still two months away Published Dec 02, 2024 • Last updated 2 hours ago • 6 minute read You can save this article by registering for free here. Or sign-in if you have an account. The Canadian dollar has […]
CashNews.co Joe Baradziej was surprised to discover, at the beginning of April, that low-fee money transfer platform Wise had closed a multicurrency account he’d been using for travelling and for some one-off expenses in Canada. But what soon became far more concerning was that the company did not automatically refund his leftover balance, which amounted […]
CashNews.co The Canadian regulatory environment, along with “persistent broadband pricing pressures” in Canada and an extremely competitive mobile phone landscape, have led BCE to seek better opportunities in the U.S., Scotia Capital analyst Maher Yaghi says. (REUTERS/Chris Wattie/File Photo) · Reuters / Reuters A dividend cut would be BCE’s (BCE.TO)(BCE) “best strategy” to enable further […]
CashNews.co TORONTO, ON, DECEMBER 2, 2024/insPRESS/ – The Property and Casualty Insurance Compensation Corporation (PACICC) welcomes Jeff Stewart as its new Vice President, Finance, effective December 2, 2024. He will report to the President and CEO of PACICC, Alister Campbell. Jeff has a proven track record with two large organizations in the financial services sector. […]
CashNews.co Highlights September 2024 There was a budgetary deficit of $3.2 billion in September 2024, compared to a deficit of $3.9 billion in September 2023. The budgetary deficit before net actuarial losses and gains was $4.3 billion, compared to a deficit of $3.3 billion in the same period of 2023–24. The budgetary balance before net actuarial losses […]
CashNews.co Source: Getty Images Written by Amy Legate-Wolfe at The Motley Fool Canada Building lasting wealth through investing is like crafting a masterpiece. It requires thoughtful planning, high-quality components, and a long-term perspective. While trends may shift and markets may fluctuate, investing in fundamentally strong companies offers stability and growth. Canadian National Railway (TSX: CNR), […]
CashNews.co Introduction In Canada, 39% of households have a mortgage (Statistics Canada 2024). For these households, mortgage payments typically represent their single largest regular expenditure. Ensuring that households can make these payments is critical for financial stability because nonpayment can lead to credit losses for lenders. To improve the resilience of the mortgage market, and […]
CashNews.co OTTAWA (Reuters) – Canada thinks the members of the U.S.-Mexico-Canada trade pact have a chance to produce a fully aligned policy on China, Finance Minister Chrystia Freeland said on Friday. Freeland made her remarks when asked by reporters about U.S. and Canadian fears that China could use the agreement as a back door to […]
CashNews.co WEST PALM BEACH, Fla. (AP) — Canadian Prime Minister Justin Trudeau said Saturday he had an “excellent conversation” with Donald Trump at his Mar-a-Lago club after the president-elect’s threat to impose significant tariffs on two of America’s leading trade partners raised alarms in Ottawa and Mexico City. It was unclear, as Trudeau headed back […]