Bank of Canada Cites Improvements in Business Sentiment Following Third Quarter Survey

A survey by the Bank of Canada has stated that businesses in the country are expected to witness a moderate rise in sales in the coming year. However, the survey also disclosed issues such as the continued slump in foreign demand owing to trade tensions, and increased prevalence of regional differences across Canada. According to the results from the quarterly […]

Paypal’s Canadian Arm Starts New Small Business Loan Program

PayPal is making major strides into the increasingly competitive small-business loan market. The online and mobile payment service owned by eBay announced the start of its PayPal Working Capital loan program, which will initially be open only to current merchant customers of the company. According to details about the program, PayPal will not actually lend money to customers. The cash […]

Luge Capital Acquires $85 Million for Investments into Fintech Startups in Canada

According to data from the Fintech Growth Syndicate, Canada has 831 startups operating in the financial technology industry. However, the number of venture capital funds in the country for this sector is extremely limited. Consequently Luge Capital, which is a venture capital fund focused on Fintech and artificial intelligence is has made its move to capitalize on the opportunity provided […]

Canadian Military Program Approves the Inclusion of MQ-9 and Heron Drones

Canada’s Department of National Defense’s project for Remotely Piloted Aircraft System (RPAS) has now gone into the definition phase, and the federal government has shortlisted two eligible suppliers for the program. L3 Technologies MAS Inc. and General Atomics Aeronautical Systems Inc., in addition to the government of the United States were determined to be eligible for the program by the […]

As Cannabis Derivatives Get Legalized in Canada, Industry Restricted by Shortage of Outlets

It has been a year since Canada legalized the use of recreational marijuana, and most cannabis stocks in the country have lost their value by approximately 50 per cent. While investors are hoping that the introduction of new products such as pot-infused drinks with greater profit margins will help to boost share values, the road ahead is more likely to […]

Bank of Canada Studies Digital Currency Replacing Cash and Tracking Spending Habits

The Bank of Canada is exploring the option of launching a digital currency, which it hopes will help it fight the threat of cryptocurrencies, in addition to allowing the bank more information on how the public spends its money. According to an internal Bank of Canada presentation, the proprietary digital coin will be made widely available, and while it will […]

Canadian E-Cigarette Companies Join Hands to Push Back Against Proposed Regulations on Vaping

Some of the largest companies in Canada that produce e-cigarettes have banded together to create an industry-wide group to oppose the government regulations proposed to counter the health risks of vaping, following widespread concerns. The new group, named the Vaping Industry Trade Association was officially initiated in September. Daniel David, the president of the association had stated that the objective […]

New Rules from the Federal Reserve Reduce Asset Requirements for Banks in the United States

The United States Federal Reserve has passed out a number of new rules that reduce requirements of liquidity and capital for most banks in the country in addition to easing out various restrictions in the industry. According to reports, Jay Powell the chair of the Federal Reserve made the announcement on the new rules, which he called bank tailoring, which […]

Details about Google Pixel 4 Features and Specs Leaked on Best Buy Canada Website

Even as the date for the official announcement on October 15 comes closer, Best Buy Canada has already listed the Google Pixel 4 and the Google Pixel 4 XL for pre-ordering. Consequently, the product page for these phones has given out major details. The website full detailed the lineup of Pixel 4 including key devices specifications and highlighting essential differences […]

Netflix Enters Movie Production Deal in Italy with Berlusconi’s Mediaset

United States based streaming service giant has hit a deal with Mediaset, Italy’s top commercial broadcasting firm, which will aim to produce new movies in the country. The announcement came from both companies as they strike out to attract more customers in a highly competitive market. Netflix, the company behind hit shows such as Stranger Things, and The Crown has […]