Business

Money markets put roughly a 40% chance on a quarter-point Bank of Canada cut by mid-July after Statistics Canada reported Q4 GDP contracted 0.6% annualized.

OpenAI is raising US$110 billion at a US$730 billion pre-money valuation, with Amazon committing US$50 billion, Nvidia US$30 billion and SoftBank US$30 billion; Amazon will begin with an initial US$15 billion and follow with US$35 billion in coming months, and AWS will be the exclusive third-party cloud provider for OpenAI Frontier.

Statistics Canada reported that real GDP fell an annualized 0.6% in Q4 2025, driven largely by a steep decline in business inventories, and provided a preliminary estimate that GDP was unchanged in January after a 0.2% rise in December.

Kimberly Daniels, a 2007 Guelph‑Humber Media & Communication Studies graduate, is Dean of Equity, Diversity, Inclusion & Belonging at Humber Polytechnic and oversees the Office of EDIB and several student equity hubs.

Boralex and the Six Nations of the Grand River Development Corporation have commercially commissioned the Hagersville Battery Energy Storage Park, a 300 MW / 1,200 MWh facility reported as the largest operating battery storage site in Canada.

Officials pressed OpenAI after it declined to alert police about a user's flagged chat following the Tumbler Ridge attack; the author argues Canada should require clearer transparency and consistent standards from AI companies rather than lowering thresholds for reporting to law enforcement.

Statistics Canada's survey shows planned investment growth in Canada slowed to 3.7% this year, with private-sector planned growth at 2.8%.

PacifiCorp has lobbied in multiple states for laws to limit wildfire payouts and is appealing jury verdicts tied to Oregon’s Labor Day fires; one plaintiff, Cuozzo, was awarded more than $6 million and is still awaiting payment.

The opinion argues that Canada's market-based housing system has contributed to rising homelessness and social divisions, and it calls for renewed public investment in non-profit and mixed-income housing models.

Congolese forces launched an assault on the coltan-producing town of Rubaya after the site was reportedly added to a list giving U.S. investors preferred access during U.S.-brokered talks, and fighting has been reported around villages near the town.

Ontario reported nearly 40,000 job losses between the second and third quarters of 2025 and an unemployment rate of 7.8 per cent, and Premier Doug Ford continues to centre policy on opposing U.S. tariffs as Canada prepares for CUSMA negotiations later this year.

Several Canadian families remain in Puerto Vallarta after a reported military operation and subsequent unrest disrupted flights; WestJet says it has added 12 return flights and provided hotel accommodations.

The City of Surrey released the draft 'Surrey 2050' Official Community Plan to guide housing, jobs, transit and infrastructure as the city plans for about one million residents by 2050; Surrey City Council is expected to consider approval in the coming months.

Pierre Poilievre will speak to business leaders in Toronto about Canada–U.S. relations after criticism that he did not sufficiently address U.S. trade and annexation threats during last spring's election campaign.

Bombardier is pursuing expanded sales in India while the article says chances of building the Gripen fighter are slim; regulatory tensions between Transport Canada and Gulfstream that affected Bombardier were reported as resolved and Transport Canada approved the Gulfstream G700 and G800.

Dominic LeBlanc said U.S. tariff uncertainty and slow internal and federal processes are holding back investment and major projects, and that the federal major projects office has received many applications.

Sen. Marco Rubio said Iran is not enriching uranium at present and that U.S. talks tomorrow will focus on the nuclear program; he also reported that Iran is pursuing longer-range missile capability.

Budget 2026 projects WTI at US$60 in 2026 and US$66 in 2027 while forecasting $13.2-billion in non-renewable resource revenue for 2026-27, even as many analysts point to an oversupplied market and lower private price averages.

Dominic LeBlanc said a recent U.S. Supreme Court decision on tariffs has not affected Canada as much as earlier steel, aluminum and auto tariffs, and he emphasized the Canada‑U.S.‑Mexico Agreement review is not a renegotiation.

Accord Financial announced an amendment to its banking facility on February 26, 2026, and the news release includes forward-looking statements and related risk disclosures under Canadian securities laws.

The Alberta government tabled its 2026 budget that raises health and education spending while projecting a $9.4-billion deficit and rising taxpayer-supported debt.

The Mersey River Wind project will build 33 onshore turbines generating 150 megawatts and allow customers to buy contracts directly from Renewall Energy; the Canada Infrastructure Bank is providing a $206-million loan.

Conservative Leader Pierre Poilievre criticized U.S. President Donald Trump's trade and tariff policies in a speech to the Economic Club of Canada and urged Canadians to strengthen the domestic economy, diversify trade and prepare for this summer's CUSMA review.

RBC, TD and CIBC each beat analysts' expectations in the fiscal first quarter and reported sizable profit increases. Banks cited higher trading and wealth-management activity, cost reductions and technology investments while noting ongoing trade uncertainty.

Major Canadian banks have increased loan loss provisions while reporting multi‑billion‑dollar quarterly profits, and some executives flagged housing softness and higher delinquencies as concerns.

The federal government is providing $1.55 billion in funding through 2027 to support Jordan's Principle, which aims to ensure First Nations children have equal access to services; child welfare advocates have raised concerns about an operational bulletin and a reported backlog of about 130,000 cases.

The provincial government announced the general minimum wage will increase by $0.40 from $17.85 to $18.25 per hour effective June 1, a 2.2% rise tied to 2025 inflation and the 2024 Employment Standards Act.

Police say 20-year-old Abdul Yeberebaba is wanted on a Canada-wide warrant for second-degree murder in the June killing of 15-year-old Jahkai Jack, and two other men have been arrested and charged as accessories. The allegations have not been tested in court.

Ontario Premier Doug Ford revealed winning designs for a relocated Ontario Science Centre on Toronto’s waterfront, with the project budgeted at about $1 billion including a 30-year maintenance contract; the move follows the abrupt June 2024 closure of the original Flemingdon Park facility and has drawn local opposition.

Diageo closed its Amherstburg Crown Royal plant earlier than planned, affecting more than 200 jobs. Workers interviewed said they did not receive payments the company had pledged under a recent agreement with the Ontario government.