Canada News & Trends
No News Founds!
No News Founds!
No News Founds!
Trump prioritizes deportations and climate rollbacks on his first full day in office.
In an attempt to establish his mark on his new administration on issues ranging from energy to criminal pardons and immigration, U.S. President Donald Trump released a slew of executive orders and directives on Monday, January 20, 2025.Trump started his immigration crackdown, removed the US from the Paris Climate Accords, attempted to keep TikTok operating in the US, and reversed hundreds of previous President Joe Biden's initiatives with his initial rounds of executive orders and memoranda. He granted hundreds of people pardons for their involvement in the attack on the US Capitol on January 6, 2021. As Congress gathered to confirm Biden's 2020 victory over Trump, the president granted pardons late Monday to over 1,500 individuals convicted or charged with crimes related to the Jan. 6 attack on the US Capitol, as he had repeatedly promised during the 2024 campaign.Separately, Trump directed that federal cases targeting Biden administration political opponents—that is, Trump supporters—be discontinued. Although he said on Monday that he would stop using federal law enforcement as a weapon, his actions appeared to be solely intended to benefit his supporters.
Published 21 Jan 2025 08:39 PM
Regardless of the president, Canada must deal with a more protectionist United States: former envoy
"No matter who wins the election in November, Canada needs to get ready for a more isolationist and protectionist U.S., according to the country's ambassador to the United States for the majority of Donald Trump's administration. David MacNaughton stated in an interview with Global News, ""What you've got down there is a challenging situation where we need to be able to demonstrate to them that we are a reliable, good friend and good partner."" ""The last time, we spent a lot of time demonstrating to them our importance from an economic standpoint.""Trump defeated Nikki Haley in the Republican New Hampshire primary Tuesday night with 54 per cent of the vote, putting him one step closer to securing the GOP nomination. Trump, according to Prime Minister Justin Trudeau, adds a level of ""unpredictability"" to ties with the United States." No matter who wins in November, MacNaughton emphasized how crucial it is for Canada to sell its economic friendship by offering to supply vital minerals and hydroelectricity, but more importantly, by sharing how it can work with the United States on priorities. "I believe that this time, even more importantly, is going to be to assist them with some of the things that they're most concerned about, which include drugs entering the country, illegal immigration, and possible terrorism," MacNaughton remarked.A Jan. 15 Angus Reid poll indicates that 53% of Canadians believe a Biden win would be better for the country's economy, while only 18% believe a Trump win would be advantageous. In anticipation of the upcoming American administration, Trudeau declared that he had assigned current Ambassador Kirsten Hillman, Industry Minister Francois-Philippe Champagne, and Trade Minister Mary Ng to spearhead a "Team Canada" strategy in their dealings with the United States. According to MacNaughton, Canada frequently brings up a list of demands during these talks, but it frequently pays little attention to our largest trading partner. It resembles spending all of your time talking about yourself while out on a date. Most likely, it will be your one and only."Although you can't always meet everyone's needs, you should consider what they need and see what we can do to meet it."
Published 25 Jan 2024 06:19 PM
In the midst of a political dispute, minister says 86% of Indian students avoid Canada.
Ottawa: A senior Canadian official told Reuters that fewer Indian students applied as a result of a diplomatic dispute over the death of a Khalistani terrorist in Canada, and that the number of study permits Canada granted to Indian students fell precipitously late last year after India expelled Canadian diplomats who would process the permits. In an interview, Immigration Minister Marc Miller stated that he thinks it is unlikely that the number of study permits issued to Indians will increase anytime soon. After Canadian Prime Minister Justin Trudeau claimed in June that there was evidence linking Indian agents to the murder of Khalistani terrorist Hardeep Singh Nijjar in British Columbia, diplomatic tensions broke out. According to Miller, the tensions will probably continue to affect the numbers in the future.We can no longer process as many applications from India because of our relationship with that country," Miller said. On directives from New Delhi, Canada was compelled to remove 41 diplomats, or two-thirds of its workforce, from India in October. Furthermore, a minister's spokeswoman stated that the disagreement has led Indian students to look into studying abroad. According to official data that have not been previously released, these factors caused an 86% decrease in the number of study permits granted to Indians in the fourth quarter of last year compared to the previous quarter, from 108,940 to 14,910.
Published 17 Jan 2024 10:38 AM
No News Founds!
No News Founds!
Trump prioritizes deportations and climate rollbacks on his first full day in office.
In an attempt to establish his mark on his new administration on issues ranging from energy to criminal pardons and immigration, U.S. President Donald Trump released a slew of executive orders and directives on Monday, January 20, 2025.Trump started his immigration crackdown, removed the US from the Paris Climate Accords, attempted to keep TikTok operating in the US, and reversed hundreds of previous President Joe Biden's initiatives with his initial rounds of executive orders and memoranda. He granted hundreds of people pardons for their involvement in the attack on the US Capitol on January 6, 2021. As Congress gathered to confirm Biden's 2020 victory over Trump, the president granted pardons late Monday to over 1,500 individuals convicted or charged with crimes related to the Jan. 6 attack on the US Capitol, as he had repeatedly promised during the 2024 campaign.Separately, Trump directed that federal cases targeting Biden administration political opponents—that is, Trump supporters—be discontinued. Although he said on Monday that he would stop using federal law enforcement as a weapon, his actions appeared to be solely intended to benefit his supporters.
Published 21 Jan 2025 08:39 PM
Trump calls Trudeau 'governor' and Canada 'a magnificent state' in an attempt to make fun of him.
On Tuesday, President-elect Donald Trump made fun of Prime Minister Justin Trudeau by referring to him as a "governor" and dubbing Canada a "great state," which is just another indication that the incoming president believes this nation should join the US.During his dinner with Trudeau at Mar-a-Lago last month, Trump reportedly made a joke about Canada becoming the 51st state. Trump stated in an interview with NBC News on Sunday that the United States might as well become a state if it continues to accrue large trade deficits with Canada.During his dinner with Trudeau at Mar-a-Lago last month, Trump reportedly made a joke about Canada becoming the 51st state. Trump stated in an interview with NBC News on Sunday that the United States might as well become a state if it continues to accrue large trade deficits with Canada."Eating supper with Great State of Canada Governor Justin Trudeau the other night was enjoyable. I'm excited to visit the governor again soon so we can continue our in-depth discussions on trade and tariffs, which will have absolutely amazing outcomes for everyone. Trump stated in a message on social media.Why Trump is making this annexation joke public is unknown, but it may be because Trudeau implied on Monday that Canada is ready to take action against the United States if Trump imposes a severe 25% tariff on all Canadian imports. "We will, of course, as we did eight years ago, respond to unfair tariffs in a number of ways and we're still looking at the right ways to respond," Trudeau stated, referring to Canada's first-term response to Trump's steel and aluminum tariffs.
Published 10 Dec 2024 10:58 PM
Entertainment
No News Founds!
Sports Trend
No News Founds!
Events
Gadgets Trend
Future of lightweight materials Fibre Coat bags will target the space and defense areas with €20 million.
FibreCoat, a materials technology business based in Germany, has raised €20 million in Series B funding. NewSpace Capital, Goose Capital, Otto Krahn New Business, 212 NexT, Nova Saint-Gobain, Convergent Ventures, and TiE made the investment.Along with the investment, the business has partnered strategically with NewSpace Capital. With the financing, the company will be able to address the demand for materials that are resistant to heat, radiation, and electromagnetic interference (EMI), expand its presence in the rapidly expanding commercial space ecosystem, and spur innovation in the industry. FibreCoat was founded in 2020 in Germany by Robert Brüll, Richard Haas, and Alexander Lüking, who have a wealth of materials research and engineering experience. The creators of the company started working on their coated fiber technology at the Institute for Textile Technology at RWTH Aachen University in 2014. FibreCoat's creative approach to materials technology has been greatly influenced by their academic background.The necessity to reconsider the usage of fibers in materials science is where FibreCoat got its start. They combined the greatest qualities of each material by spinning traditional fibers with coatings of metal and plastic. Years of intense research and development, together with a goal to provide materials that were not only strong, conductive, and recyclable, but also lightweight, led to this achievement.
Gadgets
Finance & Stock Market Trend
All Trending News in Canada
"Why is everyone trying to....?" A viral post sparks intense controversy as an NRI in Canada claims that India's lifestyle is superior.
For many years, thousands of Indians were drawn to nations like Canada by the promise of a better life overseas, complete with better education, greater wages, and a more pleasant way of life. However, a subtle reversal is in progress. Due to changing ground realities and personal priorities, an increasing number of non-resident Indians (NRIs) are reconsidering the international dream and moving back home. In one such tale, a professional from Canada explained why, only a year after relocating, he is prepared to return to India.The user claimed he no longer sees "big benefits staying in Canada" after moving here with his wife and child last year while on a closed work permit."I entered Canada last year with a closed work permit, accompanied by my spouse and child. While we were both employed in India, we managed to save 30 LPA, or $50,000 CAD. I think India offers a better lifestyle than here, after a year in Canada," he wrote. Please understand that even if we both work, we will still be able to save $100,000 CAD. I can't think of a compelling reason why my friends and coworkers chose to settle here. Canada's advantages Free medical treatment (but he thinks Indian insurance can cover this as well) The only obvious benefit is free schooling. bigger automobiles and residences (which he believes are superfluous) Respect from family members (something he doesn't appreciate) Potential wealth following seven to eight years of a typical 9–5 workdayAdvantages in India The weather is pleasant. Cultural heritage and closeness to family Capacity to look after parents Improved digestion and food Possibility of starting a side business Support from the family when raising childrenHe questioned whether he was passing up a great chance and asked, "Why is everyone trying so hard to settle abroad?" The post elicited a diverse range of reactions. Canada, according to one user, provides a far better work-life balance. "The majority of my Indian friends don't have set job schedules... Traveling abroad is more convenient and you have more financial flexibility when you earn in dollars.
Published 31 Mar 2025 08:26 PM
Canada eliminates the PGWP's field of study requirement for foreign students.
By eliminating the field of study criterion, the Immigration, Refugees, and Citizenship department of the Government of Canada has made it easier for international students to get a post-graduation work permit (PGWP). In 2024, the mandate was implemented for Canadian institutions, but not for colleges. The change was made in order to give the nation's international education system more scrutiny.According to Larissa Bezo, CEO of the Canadian Bureau for International Education, the PGWP field of study criterion will no longer be met by graduates of the nation's college degree programs.By eliminating the field of study criterion, the Immigration, Refugees, and Citizenship department of the Government of Canada has made it easier for international students to get a post-graduation work permit (PGWP). In 2024, the mandate was implemented for Canadian institutions, but not for colleges.Prior to now, in order to be eligible for a PGWP, students had to have completed programs in particular subjects linked to long-term shortage occupations. The restriction will no longer be in effect, though, as a result of this recent development, giving overseas students more options for employment in Canada once their studies are over. Students must still demonstrate competency in either French or English, meeting Niveaux de compétence linguistique canadiens (NCLC) 7 in French or Canadian Language Benchmarks (CLB) 7 in English across all four language domains.
Published 19 Mar 2025 04:41 PM
Trump prioritizes deportations and climate rollbacks on his first full day in office.
In an attempt to establish his mark on his new administration on issues ranging from energy to criminal pardons and immigration, U.S. President Donald Trump released a slew of executive orders and directives on Monday, January 20, 2025.Trump started his immigration crackdown, removed the US from the Paris Climate Accords, attempted to keep TikTok operating in the US, and reversed hundreds of previous President Joe Biden's initiatives with his initial rounds of executive orders and memoranda. He granted hundreds of people pardons for their involvement in the attack on the US Capitol on January 6, 2021. As Congress gathered to confirm Biden's 2020 victory over Trump, the president granted pardons late Monday to over 1,500 individuals convicted or charged with crimes related to the Jan. 6 attack on the US Capitol, as he had repeatedly promised during the 2024 campaign.Separately, Trump directed that federal cases targeting Biden administration political opponents—that is, Trump supporters—be discontinued. Although he said on Monday that he would stop using federal law enforcement as a weapon, his actions appeared to be solely intended to benefit his supporters.
Published 21 Jan 2025 08:39 PM
Trump's threat of tariffs forces auto suppliers to reconsider their manufacturing schedules.
Reuters, January 9, Las Vegas According to industry officials at CES in Las Vegas, international car suppliers are calculating how much of their production can be shifted to the United States or near it as a defense against tariffs proposed by President-elect Donald Trump.Eight years of U.S. protectionism have already been experienced by the auto sector, starting with actual and threatened tariffs during Trump's first term and continuing with more duties and the U.S. Inflation Reduction Act under President Joe Biden. The majority of the policies were directly targeted against China, especially the Biden administration's plan to prohibit Chinese hardware and software from being used in automobiles on American roads. Trump, however, has pledged to go much farther, enacting a 60% tax on Chinese goods and a 10% general charge on imports into the US from around the world. He specifically promised in late November that when he takes office on January 20, he will impose a 25% tariff on imports from Canada and Mexico.In addition to making many vehicle parts made in lower-cost markets unfeasible, such high tariffs would be difficult to pass on to customers and, in the case of China, would make it nearly impossible to sell goods in the United States."Anyone can do the math," Paul Thomas, head of North America for Bosch (ROBG.UL), the largest auto parts supplier in the world, told Reuters. "If it's 10%, 20%, 60% (tariffs) ... you have to say, 'OK, how many scenarios make sense for that and which ones do we act on?'" "We've already started on a few of those even before he (Trump) will take office." Thomas provided a hypothetical example of a generic electronic control unit that Bosch might currently produce in Malaysia or a comparable market while stating that "we're looking at doing that in Mexico or Brazil... areas where we have a footprint already," while speaking on the fringes of the CES tech conference.
Published 09 Jan 2025 10:09 PM
The acquisition of Canadian Western Bank by National Bank of Canada has received final approval.
The federal finance minister has given the National Bank of Canada permission to purchase Canadian Western Bank (CWB).The bank with its headquarters in Montreal says it is happy that the final regulatory milestone has been reached.On February 3, 2025, the roughly $5 billion acquisition is scheduled to be finalized. It states that the two banks would cooperate to ensure a seamless transfer. Laurent Ferreira, the CEO of National Bank, stated earlier this month that the planned acquisition represents a crucial component of the business's domestic expansion in the upcoming year.The last regulatory obstacle has been removed in the $5 billion acquisition of Canadian Western Bank by National Bank of Canada. The final step in the takeover, which is scheduled to be finalized on February 3, 2025, was announced Friday by the Montreal-based National Bank: the federal finance minister has approved the agreement.In a press release, National Bank president and CEO Laurent Ferreira stated, "This is fantastic news for Canadians and will enable our two complementary banks to come together and improve services for our customers."The Competition Bureau and the Office of the Superintendent of Financial Institutions had earlier approved the merger. In September, shareholders of Canadian Western Bank approved the deal.National Bank has described its acquisition of Canadian Western Bank, based in Edmonton, as a crucial component of its 2025 domestic expansion plan. According to Ferreira, the acquisition will enable further expansion in Western Canada and solidify National Bank's position nationwide.The Montreal-based bank announced on Friday that the two businesses will now collaborate to guarantee a seamless transition for CWB workers and clients, who will soon receive more details about what comes next. According to the corporation, National Bank will begin incorporating CWB into its financial results in the second quarter of 2025.
Published 21 Dec 2024 08:43 PM
Ottawa will lift the 30% investment cap on pension funds in Canada.
In an effort to encourage greater investment, the government of Prime Minister Justin Trudeau is loosening regulations for domestic pension funds, enabling them to purchase over 30% of a Canadian company.Two days priorBloomberg — In an effort to encourage greater investment, the government of Prime Minister Justin Trudeau is loosening regulations for domestic pension funds, enabling them to purchase over 30% of a Canadian company."The battle for capital has never been more intense at a time of growing economic nationalism," said Finance Minister Chrystia Freeland in a statement on Friday."Canada must battle for capital more vigorously than ever before, which includes encouraging and assisting Canadian capital to invest domestically. All Canadians' future prosperity depends on this. The Canada Pension Plan Investment Board and other federally regulated pension managers will be affected by the change, although Freeland's department stated that it will confer with provincial governments over how to handle pension plans that are under to their regulations.Additionally, the government announced that it intends to contribute up to C$15 billion ($10.5 billion) in loans and equity to support the construction of AI data centers, noting that seven pension funds have already indicated interest in supporting such initiatives. The statements coincide with a national discussion about how to address low productivity and soft business expenditure. For a number of years, non-residential corporate investment in Canada has not kept pace with that of the United States. Although the technology industry in Canada is thriving, many promising businesses sell out or relocate to the US at a relatively early stage of development in order to seek expansion. Few IPOs worth more over $100 million have been made on the Canadian market in recent years.The government stated that as part of the extensive package of initiatives, a fourth round of the Venture Capital Catalyst Initiative will be launched, with C$1 billion in funding in 2025–2026 and "more enticing terms for pension funds and other institutional investors." Additionally, Freeland and the government are considering changing ownership regulations that prohibit pension funds from controlling over 10% of municipal utilities, including electricity distributors. Stephen Poloz, the former governor of the Bank of Canada, was asked in April to research ways to encourage the nation's pension funds to make greater investments in Canada. One suggestion was to eliminate the 30% ownership cap. Poloz told Bloomberg in September that several pension funds expressed interest in playing.
Published 16 Dec 2024 08:19 PM
The Canada division of TikTok is requesting a court review of the shutdown orders.
Dec. 10 (Reuters): According to a statement released on Tuesday, TikTok's Canada division filed an emergency action with the Federal Court of Canada, requesting a judicial review of an order that the firm shut down its activities in the nation due to national security concerns.In a filing dated December 5, the Chinese-owned social media app asked the court to overturn a government order for TikTok to shut down its operations in Canada.The court might, instead, revoke the order and send it back to the administration for review and direction, according to the brief. Last year, TikTok's ambition to invest and grow its business in Canada was the subject of an investigation by Ottawa. Due to national security concerns, the government issued an order last month requiring the company to cease operations in Canada as a result of the review. In its statement on the legal action, TikTok claimed that closing its Canadian operation would result in the loss of hundreds of jobs."We believe it's in the best interest of Canadians to find a meaningful solution and ensure that a local team remains in place, alongside the TikTok platform," added the statement. The government can evaluate any national security threats from foreign investments, like the TikTok proposal, in accordance with Canadian legislation. The government is prohibited by law from disclosing the specifics of these investments. The decision from last month did not completely prohibit Canadians from using the well-known social media site. According to the corporation, TikTok has over 14 million monthly users in Canada.A request for comment from Reuters outside of usual business hours was not immediately answered by Canada's Ministry of Innovation, Science, and Industry. The Canadian ruling came after a similar measure was taken in the United States, when President Joe Biden signed a law in April mandating that Bytedance, the company that controls TikTok, sell its U.S. assets by January 19, 2025, or risk a statewide ban. Separately, TikTok and Bytedance requested on Monday that an appeals court temporarily halt the law until the Supreme Court reviews it.
Published 11 Dec 2024 08:27 PM
Trump calls Trudeau 'governor' and Canada 'a magnificent state' in an attempt to make fun of him.
On Tuesday, President-elect Donald Trump made fun of Prime Minister Justin Trudeau by referring to him as a "governor" and dubbing Canada a "great state," which is just another indication that the incoming president believes this nation should join the US.During his dinner with Trudeau at Mar-a-Lago last month, Trump reportedly made a joke about Canada becoming the 51st state. Trump stated in an interview with NBC News on Sunday that the United States might as well become a state if it continues to accrue large trade deficits with Canada.During his dinner with Trudeau at Mar-a-Lago last month, Trump reportedly made a joke about Canada becoming the 51st state. Trump stated in an interview with NBC News on Sunday that the United States might as well become a state if it continues to accrue large trade deficits with Canada."Eating supper with Great State of Canada Governor Justin Trudeau the other night was enjoyable. I'm excited to visit the governor again soon so we can continue our in-depth discussions on trade and tariffs, which will have absolutely amazing outcomes for everyone. Trump stated in a message on social media.Why Trump is making this annexation joke public is unknown, but it may be because Trudeau implied on Monday that Canada is ready to take action against the United States if Trump imposes a severe 25% tariff on all Canadian imports. "We will, of course, as we did eight years ago, respond to unfair tariffs in a number of ways and we're still looking at the right ways to respond," Trudeau stated, referring to Canada's first-term response to Trump's steel and aluminum tariffs.
Published 10 Dec 2024 10:58 PM
Kumusta! A new non-stop service between Vancouver and Manila will be introduced by Air Canada.
With the launch of non-stop flights between its Pacific hub at Vancouver International Airport (YVR) and Manila Ninoy Aquino International Airport (MNL) in the Philippines*, Air Canada today announced the strategic development of its international network. The statement was given during the 75th anniversary of Canada-Philippines diplomatic ties, which is being commemorated by the Government of Canada's Team Canada Trade Mission in the Philippines. In the past two years, Air Canada has introduced three new routes to South-East Asia, including this one to Manila."With new, year-round, non-stop service from Vancouver, Air Canada's Pacific gateway hub, we are excited to expand our worldwide network to include Manila. We are still working on our global network plan, which aims to reach big, rapidly developing markets that Air Canada does not currently serve directly. The Philippines is a significant market that reflects the deep familial ties that exist between our two nations as well as the expanding commercial and tourism opportunities. We are making travel between North America and the Philippines even more convenient for both business and leisure travelers with our vast domestic and transborder network in Vancouver, which is built to effortlessly link to our international flights. We eagerly anticipate bringing our clients on board in the spring of next year," stated Mark Galardo, Executive Vice President, Revenue andThe Philippines is currently the largest market in Asia without direct Air Canada service, and Air Canada is the only Canadian airline slated to serve it. Starting on April 2, 2025, the airline's flagship Dreamliner aircraft will fly the new route four times per week. Taking advantage of Vancouver's location as the closest major North American city to Asia, it will be Air Canada's 12th route in its transpacific network, which includes flights to Japan, South Korea, the People's Republic of China, Hong Kong Special Administrative Region, Thailand, Singapore, Australia, and New Zealand. With this new service, Air Canada will have the most non-stop flights of any carrier in the market, with over 180 weekly flights between Canada and the Pacific starting next summer. This continues Air Canada's foray into rapidly expanding markets.
Published 09 Dec 2024 07:50 PM
Future of lightweight materials Fibre Coat bags will target the space and defense areas with €20 million.
FibreCoat, a materials technology business based in Germany, has raised €20 million in Series B funding. NewSpace Capital, Goose Capital, Otto Krahn New Business, 212 NexT, Nova Saint-Gobain, Convergent Ventures, and TiE made the investment.Along with the investment, the business has partnered strategically with NewSpace Capital. With the financing, the company will be able to address the demand for materials that are resistant to heat, radiation, and electromagnetic interference (EMI), expand its presence in the rapidly expanding commercial space ecosystem, and spur innovation in the industry. FibreCoat was founded in 2020 in Germany by Robert Brüll, Richard Haas, and Alexander Lüking, who have a wealth of materials research and engineering experience. The creators of the company started working on their coated fiber technology at the Institute for Textile Technology at RWTH Aachen University in 2014. FibreCoat's creative approach to materials technology has been greatly influenced by their academic background.The necessity to reconsider the usage of fibers in materials science is where FibreCoat got its start. They combined the greatest qualities of each material by spinning traditional fibers with coatings of metal and plastic. Years of intense research and development, together with a goal to provide materials that were not only strong, conductive, and recyclable, but also lightweight, led to this achievement.
Published 05 Dec 2024 09:04 PM
Regardless of the president, Canada must deal with a more protectionist United States: former envoy
"No matter who wins the election in November, Canada needs to get ready for a more isolationist and protectionist U.S., according to the country's ambassador to the United States for the majority of Donald Trump's administration. David MacNaughton stated in an interview with Global News, ""What you've got down there is a challenging situation where we need to be able to demonstrate to them that we are a reliable, good friend and good partner."" ""The last time, we spent a lot of time demonstrating to them our importance from an economic standpoint.""Trump defeated Nikki Haley in the Republican New Hampshire primary Tuesday night with 54 per cent of the vote, putting him one step closer to securing the GOP nomination. Trump, according to Prime Minister Justin Trudeau, adds a level of ""unpredictability"" to ties with the United States." No matter who wins in November, MacNaughton emphasized how crucial it is for Canada to sell its economic friendship by offering to supply vital minerals and hydroelectricity, but more importantly, by sharing how it can work with the United States on priorities. "I believe that this time, even more importantly, is going to be to assist them with some of the things that they're most concerned about, which include drugs entering the country, illegal immigration, and possible terrorism," MacNaughton remarked.A Jan. 15 Angus Reid poll indicates that 53% of Canadians believe a Biden win would be better for the country's economy, while only 18% believe a Trump win would be advantageous. In anticipation of the upcoming American administration, Trudeau declared that he had assigned current Ambassador Kirsten Hillman, Industry Minister Francois-Philippe Champagne, and Trade Minister Mary Ng to spearhead a "Team Canada" strategy in their dealings with the United States. According to MacNaughton, Canada frequently brings up a list of demands during these talks, but it frequently pays little attention to our largest trading partner. It resembles spending all of your time talking about yourself while out on a date. Most likely, it will be your one and only."Although you can't always meet everyone's needs, you should consider what they need and see what we can do to meet it."
Published 25 Jan 2024 06:19 PM
Nuvei acquired Paya for $1.3 billion
According to CEO Philip Fayer, Nuvei's acquisition of the Atlanta business will improve its standing in integrated payments, B2B, and international e-commerce. According to a news release released on Monday, Nuvei, a company that facilitates payment acceptance and provides payout choices, intends to integrate Paya's integrated payment capabilities into its global platform. Paya provides integrated payments across a range of verticals, including business-to-business, healthcare, nonprofit, and education. According to Nuvei CEO Philip Fayer, the acquisition will improve the company's standing in the international e-commerce, integrated payments, and business-to-business sectors. Based on information from the company's LinkedIn profile, Nuvei was established in 2003. According to the press announcement, Fayer stated that the inclusion of Paya "will accelerate our integrated payment strategy, diversify our business into key high-growth non-cyclical verticals with large addressable end markets and enhance the execution of our growth plan." According to the announcement, the deal is anticipated to be finished by the end of the first quarter. According to Nuvei, it intends to use a combination of cash, an already-existing credit facility, and a brand-new secured credit facility worth $600 million to finance the acquisition.
Published 18 Jan 2024 03:48 PM
