India Warns Citizens In Canada To Be Cautious
India has issued a travel warning to Canada due to growing anti-India activities and politically condoned hate crimes and criminal violence in the country. The warning comes after tensions between the two nations worsened as each country expelled a diplomat…
Canada’s Critical Infrastructure is an ‘Almost Certain’ Target for Cybercrime
Ransomware assaults are increasingly targeting Canadians, with organized cybercrime activity posing a danger to national security, the economy, and essential infrastructure, officials warn. According to research issued Monday by the Canadian Centre for Cyber Security, during the next two years,…
RBC warns of more job cuts after beating profit estimates; TD misses
Royal Bank of Canada (RBC) surpassed analysts’ expectations for third-quarter earnings on Thursday, thanks to cost cuts and higher interest rates but warned of more layoffs ahead as it deals with rising expenditures. The excellent results follow RBC CEO Dave…
Millennials set to face most economic pain in months ahead, RBC says
Rising interest rates would make millennials and younger Generation X individuals more vulnerable to losing their jobs should the economy experience a dramatic slowdown in the coming months. In the analysis issued on Wednesday, RBC economist Carrie Freestone stated that…
Despite job losses, wage growth in Canada remains strong.
The country unexpectedly lost 6,400 jobs in July, while unemployment rates went to 5.5%. Since the COVID-19 epidemic in 2020, July was the first month in which unemployment grew for three consecutive months. May and June witnessed a 0.2% increase,…
Oil price boost finally lifts outlook for Canadian oil: S&P Global
More increased oil prices are ultimately lifting the observatory for Canada’s oilsands, 15 months after Russia’s attack on Ukraine, leading to S&P Global Commodity Insights’ first positive output revision in more than five years. “We reported last year that the…