Latest Canada Headlines

All the headlines from our Canada Topic Page, ordered by recency.

Climate Change Could Fuel Atmospheric Rivers, Which Caused Recent Canada Floods

Nov 22 2021 // Atmospheric rivers of the kind that drenched California and flooded British Columbia in recent weeks will become larger — and possibly more destructive — because of climate change, scientists said. Columns in...

Canada Insurer Definity Surges on Market Debut After $1.6B IPO Backed by Swiss Re

Nov 19 2021 // TORONTO – Insurer Definity Financial Corp jumped as much as 36% on its stock market debut on Thursday after raising C$2.1 billion ($1.6 billion) in Canada’s second-largest IPO. Waterloo, Ontario-based Definity...

P/C Insurer Definity Raises $1.1B in Largest Canadian IPO of 2021

Nov 18 2021 // Definity Financial Corp., the property and casualty insurer formerly known as Economical Mutual Insurance Co., raised about C$1.4 billion ($1.1 billion) in the largest Canadian initial public offering of the year. A total...

‘Storm of Century’ Halts Traffic at Canada’s Biggest Port, Adding to Supply Chain Woes

Nov 17 2021 // Traffic at Canada’s largest port has been cut off by what local officials are calling the storm of the century, the latest snag to hit the North American supply chain. Days of torrential rain have pelted British...

Canadian Storms Force Shut-Down of Trans Mountain Oil Pipeline

Nov 16 2021 // OTTAWA/CALGARY, Alberta – Canada’s Trans Mountain oil pipeline has been shut down temporarily because of rainstorms pounding parts of the province of British Columbia, the operating company said in a statement on...

NFP Acquires Western Canada’s Foster Park Brokers Inc.

Nov 12 2021 // NFP, the New York City-based insurance broker and consultant, announced the acquisition of Canada’s Foster Park Brokers Inc. Details of the transaction, which closed on Nov. 1, 2021, were not disclosed. Foster Park...

Canadian P/C Insurer Definity Seeks to Raise $1 Billion in IPO

Nov 9 2021 // Definity Financial Corp., the property and casualty insurer formerly known as Economical Mutual Insurance Co., is seeking to raise C$1.25 billion ($1 billion) in an initial public offering, following in the footsteps of...

Canada Insurers, Banks Can Resume Dividend Hikes as Regulator Lifts COVID-Era Curbs

Nov 5 2021 // TORONTO – Canadian banks and insurers can resume dividend increases and share buybacks and raise executive compensation, the country’s financial regulator said on Thursday, lifting a moratorium it imposed in March...

Canada Employers Shed Unvaccinated Workers With Legal Challenges Expected

Nov 4 2021 // OTTAWA – Canadian employers are firing or putting on unpaid leave thousands of workers who refused to get COVID-19 shots, squeezing an already tight labor market and raising prospects of potentially disruptive legal...

Hub International Acquires Canadian Employee Benefits Broker Rogersworks Inc.

Oct 18 2021 // Hub International Ltd., the Chicago-based global insurance brokerage and financial services firm, announced it has acquired the assets of Rogersworks Inc. Financial details of the transaction were not disclosed. Located in...

Hub International Acquires Quebec’s H.W. Hollinger (Canada)

Oct 8 2021 // Hub International Ltd., a Chicago-based insurance broker and financial services firm, announced it has acquired H.W. Hollinger (Canada) Inc. Terms of the transaction were not disclosed. Based in Montreal, Quebec, Canada,...

Hub International Completes Purchase of Canada’s National Home Warranty Group

Oct 7 2021 // Hub International Ltd., a Chicago-based broker and financial services firm, announced it has completed the acquisition of the assets of National Home Warranty Group Inc., a wholly owned subsidiary of Aviva Canada...

Insured Price Tag for Canada’s Summer Storms and Wildfires Nears C$200M

Sep 24 2021 // Two storms that raged across Alberta and Saskatchewan in Canada in July and August caused C$120 million (US$94.5 million) in insured damage, while the August wildfire, in White Rock Lake, British Columbia, is now estimated...

HSB Canada Introduces Cyber Coverage for Small Businesses

Sep 22 2021 // HSB Canada, part of Munich Re, has introduced HSB Cyber Suite, a comprehensive collection of cyber insurance and services designed to protect small and medium-size businesses from cyber-attacks, data breaches, identity...

Insurtech Foxquilt Raises $8M to Expand Small Business Offering in U.S. and Canada

Sep 20 2021 // Foxquilt, a Toronto-based insurtech, announced it has raised an $8 million financing round led by Luge Capital with participation from AmTrust Financial, Extreme Venture Partners and Side Door Ventures. The new capital...

Canada Permits TC Energy to Keep Insurers Secret From Pipeline Activists

Sep 15 2021 // TC Energy Corp. is the latest Canadian pipeline company allowed to keep its insurers confidential as activist groups push firms to drop business with the fossil fuels industry. The Canada Energy Regulator ruled that the...

Uber Proposes Gig Industry Benefits Model in Canada

Aug 31 2021 // Uber Technologies Inc. on Monday proposed a plan for a flexible benefits fund for app-based ride-hail and food delivery drivers in Canada under which all gig industry players would share data on workers’ hours and...

More Canadian Businesses to Introduce Vaccine Mandates for Employees: Minister

Aug 26 2021 // More Canadian businesses will introduce COVID-19 vaccine mandates for their employees to safely return to the office amidst a growing fourth wave, the minister in charge of procuring inoculations said in an...

Canada’s Ruling Party Plans Tax Hike for Big Insurers, Banks to Fund COVID Recovery

Aug 26 2021 // OTTAWA – Canada’s ruling Liberal Party said on Wednesday that if re-elected it would raise corporate taxes on the most profitable banks and insurers to help pay for the cost of the COVID-19 recovery. The Liberals...

Hub International Agrees to Buy Aviva Canada Unit, National Home Warranty Group

Aug 24 2021 // Hub International Ltd., the Chicago-based insurance broker, announced that it has signed a purchase agreement to acquire the assets of National Home Warranty Group Inc., a wholly owned subsidiary of Aviva Canada Inc. Terms...