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Bank

As clock ticks down to CEBA deadline, business owners plead for understanding from government

by Anas Siddiqui
As clock ticks down to CEBA deadline, business owners plead for understanding from government

Some small business owners in Canada are asking for the federal government to reckon with the challenges they face as they confront a looming deadline to repay a portion of emergency government …

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Beijing court accepts shadow bank Zhongzhi’s bankruptcy application

by Anas Siddiqui
Beijing court accepts shadow bank Zhongzhi’s bankruptcy application

Beijing will usually take measures – such as thorough checks of balance sheets – before the official legal process starts, to ensure that the risks of a bankruptcy are under …

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They came to Canada for their dreams. Instead they found a mental health nightmare

by Akin Smith
They came to Canada for their dreams. Instead they found a mental health nightmare

Jacqueline Addo remembers the time two years ago when her husband Joshua confided to her that the stress of adjusting to life in Canada from Ghana was proving too much …

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What does 2024 have in store for the Canadian economy?

by Anas Siddiqui
What does 2024 have in store for the Canadian economy?

It’s been a long time since economic data in Canada showed very much promise. The last 18 months have been defined by a cost of living crisis and a slowing …

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Hong Kong’s ZA Bank to offer retail traders crypto trading with fiat

by Isaac Wright
Hong Kong’s ZA Bank to offer retail traders crypto trading with fiat

Chinese virtual bank ZA Bank has revealed plans to offer crypto trading services with fiat currencies to retail customers. In an interview with the Hong Kong Economic Journal, ZA Bank …

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Canada’s economy stalled again in October but likely up 0.1% in November

by Anas Siddiqui
Canada’s economy stalled again in October but likely up 0.1% in November

Canada’s economy was essentially unchanged for the third consecutive month in October, missing growth forecasts, but gross domestic product likely edged up in November, Statistics Canada data showed on Friday. …

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China’s biggest banks lower deposit rates for third time in 2023 with eye on improving profitability

by Anas Siddiqui
China’s biggest banks lower deposit rates for third time in 2023 with eye on improving profitability

China’s largest state-owned banks are lowering their deposit rates for the third time in 2023, in their latest effort to ease the pressure on their net interest margins (NIM) and …

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Bank of Canada’s governing council agreed odds of another interest rate hike have fallen

by Anas Siddiqui
Bank of Canada’s governing council agreed odds of another interest rate hike have fallen

The Bank of Canada’s governing council agreed the odds of another rate hike have decreased during its discussions ahead of the interest rate decision earlier this month. The central bank …

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As Christmas tree farmers retire, who will take over?

by Anas Siddiqui
As Christmas tree farmers retire, who will take over?

Brad Clements, 82, has been growing Christmas trees near Milton, Ont., since the 1980s but is getting ready to pack it in.  “We’re looking at closing it up in the …

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As U.S., U.K. and EU sanction violent Israeli settlers, Canada hangs back

by Walter Watson
As U.S., U.K. and EU sanction violent Israeli settlers, Canada hangs back

The Trudeau government still won’t say if it’s considering imposing sanctions on violent Israeli settlers in the wake of travel bans announced by both the U.S. and the United Kingdom in …

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