Canadian Archives - DR News - News, Retirement, Finance

Funding in Cohere Soars to $5 Billion with Canadian Pension Fund PSP Taking the Lead

Toronto, Canada – The Canadian Pension Fund PSP has announced its plan to co-lead the funding round for Cohere, a tech startup, at a valuation of $5 billion. This move represents a significant investment in the growing tech industry, showcasing the fund’s commitment to supporting innovation and entrepreneurship in Canada. Cohere, known for its cutting-edge technology in natural language processing, has been attracting attention from investors for its unique approach to machine learning. With the …

Pension Funds Urged to Boost Canadian Investments to Support TSX Future

Toronto, Canada – A veteran wealth management executive in Canada is urging the country’s largest pension plans to increase their domestic investments to protect institutions like the Toronto Stock Exchange. Peter Letko of Letko Brosseau highlighted the impact of low investment levels from Canadian pension funds on the nation’s economic and financial health in a recent interview. Letko emphasized the importance of controlling and directing capital to benefit Canadians as a whole to prevent the …

Executives Push for Increased Canadian Pension Plan Investments in Domestic Businesses, Facing Opposition from Pension Fund Managers

Toronto, Canada – Over 90 prominent business leaders and CEOs from Canada’s largest companies have joined forces to advocate for increased Canadian pension plan investments in domestic businesses. This initiative has sparked controversy among some of the country’s leading pension fund managers. In an open letter addressed to federal Finance Minister Chrystia Freeland and provincial counterparts, these executives, hailing from various industries such as auto parts, oil and gas, airlines, banking, and grocery retail, are …

Canadian Hindus Rally for Justice After Alarming Mob Attack

Toronto, Canada — In a stirring reaction to what they term a severe act of violence, the Canadian Hindu community has organized protests across several cities, voicing outrage over an incident involving a mob assault on a Hindu teenager in a suburban area of Toronto. The community’s leaders are calling for immediate action, emphasizing an urgent need for increased safety measures and awareness about growing anti-Hindu sentiments. The incident, which reportedly took place last weekend, …

Canadian Prime Minister Trudeau Denounces Brampton Temple Attack, Affirms Commitment to Religious Freedom Amid Rising Extremist Violence

Brampton, Canada — Canadian Prime Minister Justin Trudeau unequivocally condemned an attack carried out by a group identified as Khalistani extremists at the Hindu Sabha temple in Brampton, emphasizing that such acts of violence are never acceptable. The incident, which took place on Sunday, saw attackers brandishing sticks and reportedly targeting worshipers, including women and children. Video footage capturing the disturbance circulated online, displaying assailants and flags linked to pro-Khalistani groups. Trudeau lauded local law …

Controversial Comedian Rob Schneider Booted Offstage at Canadian Fundraising Event for Offensive Material

Regina, Canada – The Hospitals of Regina Foundation found themselves issuing an apology after comedian Rob Schneider’s stand-up performance at a fundraising event left the crowd uncomfortable on Saturday night. The event, held at the Conexus Arts Centre, managed to raise $350,000 for the city’s hospitals but not without controversy stemming from Schneider’s material. The comedian, known for his roles in various films and TV shows, touched on topics like vaccines, women, and transgender people, …

$2120 OAS Payment: Canadian Seniors to Receive Financial Support in May 2024

Toronto, Canada – The Canadian government has established an Old Age Security (OAS) payment program to assist seniors aged 65 and older. In May 2024, eligible seniors will receive a payment of $2120 as part of this initiative. The OAS program aims to improve the financial well-being of Canadian seniors and provide them with a sense of security during their retirement years. The $2120 OAS Payment program has garnered anticipation among millions of Canadian seniors …

$2700 Canadian Seniors Program Unveiled by Government for 2024

Ottawa, Canada – The Canadian government has unveiled a new initiative aimed at assisting senior citizens in managing their living expenses and enhancing their quality of life. Under the Canada Seniors program, eligible individuals will receive a one-time payment of $2700, designed to provide financial support and stability to those facing retirement and financial challenges. In order to qualify for the program, citizens must meet specific eligibility criteria outlined by the Canada Revenue Agency. The …