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Bank

Past rate hikes may be enough to bring inflation back to target, Tiff Macklem says in speech

by Anas Siddiqui
Past rate hikes may be enough to bring inflation back to target, Tiff Macklem says in speech

Bank of Canada Governor Tiff Macklem warns fighting inflation half-heartedly and living with its consequences would be a huge mistake. The governor acknowledged during a speech Wednesday that interest rates …

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Canada’s voting record at United Nations faces scrutiny as Israel-Hamas war intensifies

by Walter Watson
Canada’s voting record at United Nations faces scrutiny as Israel-Hamas war intensifies

Canada has long supported a two-state solution to the Israeli-Palestinian conflict. Less than two weeks before the brutal Hamas attack on Israel on Oct. 7, when it says 1,200 people …

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Quebec’s stock market regulator can go after Canada’s Panama Papers kingpin, Supreme Court rules

by Anas Siddiqui
Quebec’s stock market regulator can go after Canada’s Panama Papers kingpin, Supreme Court rules

Everyone seems to want a piece of Fred Sharp, the self-styled private banker from West Vancouver who built a huge network of offshore companies that facilitated, according to U.S. court …

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Scathing ethics report concludes embattled U.S. lawmaker George Santos ‘cannot be trusted’

by Walter Watson
Scathing ethics report concludes embattled U.S. lawmaker George Santos ‘cannot be trusted’

The U.S. House ethics committee in a scathing report Thursday said it has amassed “overwhelming evidence” of lawbreaking by Rep. George Santos of New York that has been sent to …

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Housing market has gone into ‘hibernation’ CREA says, with lower sales, listings and flat prices

by Anas Siddiqui
Housing market has gone into ‘hibernation’ CREA says, with lower sales, listings and flat prices

Canada’s housing market has gone into winter hibernation early this year, the group that represents realtors said Wednesday, with new data for October showing fewer sales, fewer new listings, and …

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Cyprus lit up with flurry of oligarch transactions after Russia invaded Ukraine, leaked files show

by Walter Watson
Cyprus lit up with flurry of oligarch transactions after Russia invaded Ukraine, leaked files show

With Russian tanks and troops descending on Ukraine in early 2022, Cyprus became a hotbed of financial activity. The island country has long been known as an offshore transit point …

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1st batch of newly minted Canadian coins bearing King Charles’s image unveiled

by Anas Siddiqui
1st batch of newly minted Canadian coins bearing King Charles’s image unveiled

The first Canadian coins featuring the face of King Charles were unveiled in Winnipeg on Tuesday, the King’s 75th birthday. “Since 1953, the portrait of the late Queen Elizabeth has graced …

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Nobel’s charity trust to lobby CBDCs with new initiative

by Isaac Wright
Nobel’s charity trust to lobby CBDCs with new initiative

A newly formed organization will begin a dialogue among central banks to support adapting technical standards of different CBDC solutions. The Nobel Sustainability Trust (NST), a charity established by the …

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Crypto ETF trading now available for UBS clients in Hong Kong

by Isaac Wright
Crypto ETF trading now available for UBS clients in Hong Kong

Swiss financial services company UBS Group AG will now allow wealthy clients in Hong Kong to access three crypto exchange-traded funds (ETFs), joining its rival HSBC Holdings. According to Bloomberg, …

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Canadian mining company at centre of deadly Panama protests has no plans to scale back

by Anas Siddiqui
Canadian mining company at centre of deadly Panama protests has no plans to scale back

The Canadian mining company that controls a massive copper mine in Panama says it has no plans to alter its operations despite widespread local protests against the firm’s mining contract that …

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