BoC rate cuts may be more likely after weak GDP reading
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.
2026/02/27
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OpenAI funding round secures pledges from Amazon, Nvidia and SoftBank
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.
2026/02/27
Canadian economy shrank to end 2025 after sharp inventory decline
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.
2026/02/27
Pakistan declares open war on Afghanistan after air strikes
Pakistan carried out air strikes on Kabul and Kandahar and its defence minister said the countries are now in "open war"; officials reported fighting and casualties along the shared border, while regional actors called for de‑escalation.
2026/02/27
Mark Carney visits India to put his Davos diplomacy into action
Prime Minister Mark Carney visited Mumbai and will travel to New Delhi to advance trade and diplomatic ties, testing his Davos 'variable geometry' middle‑power strategy while Ottawa addresses earlier allegations of Indian‑linked activity in Canada.
2026/02/27
U.S. says Israel embassy staff can leave amid threat of U.S. strike on Iran
The U.S. Embassy in Israel authorized departures for staff and urged those who wished to leave to do so promptly after Washington-approved discussions; the move followed failed U.S.-Iran nuclear talks and some airlines have begun suspending flights.
2026/02/27
Building belonging: Guelph‑Humber alum Kimberly Daniels leads EDIB work at Humber Polytechnic
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.
2026/02/27
Macron to visit top-secret submarine base as Europeans question U.S. nuclear guarantees
French President Emmanuel Macron will visit the Ile Longue submarine base and is expected to outline possible changes to France’s nuclear deterrence as some European officials express doubts about U.S. nuclear commitments.
2026/02/27
Edmonton mayor says 2026 provincial budget leaves infrastructure gaps
Edmonton Mayor Andrew Knack welcomed the restoration of municipal grants but said Alberta's 2026 budget still leaves shortfalls for the city's infrastructure needs. Finance Minister Nate Horner tabled an $83.9-billion budget that includes higher education property tax rates and multi-year funding for LRT projects.
2026/02/27
UK special election gives Green Party a win and raises questions for Starmer
The Green Party won the Gorton and Denton by-election while Labour came third, and the result has intensified questions about Prime Minister Keir Starmer's leadership.
2026/02/27
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