The Bank of Canada is expected to maintain its benchmark interest rate at 2.25 per cent as policymakers weigh escalating trade tensions with the United States against persistent inflation risks, according to financial analysts and economic polling. Following the breakdown of trade talks and subsequent tariff exchanges, markets widely anticipate a watchful-waiting stance rather than … Read more
Laurel Broten, chief executive officer of Invest in Canada, is resigning from her position leading the federal agency tasked with organizing Prime Minister Mark Carney’s high-stakes Canada Investment Summit, according to a source familiar with the matter cited by The Globe and Mail. Broten, a former Ontario cabinet minister and Bay Street litigator who has … Read more
Director Matt Johnson and actor Dominic Sessa are teaming up for Tony, a new biographical drama focusing on the formative teenage years of late chef and author Anthony Bourdain, according to production details and interviews from the film’s Toronto premiere. Set during the summer of 1975 in Provincetown, Massachusetts, the A24 film departs from traditional … Read more
The Canadian economy expanded by 0.3 per cent in May, beating economist forecasts and extending a spring rebound that puts second-quarter annualized growth on track to surpass 3 per cent, according to Statistics Canada data released on Friday. While resources and construction drove the broad-based gains, economists warn that impending U.S. tariffs and geopolitical energy … Read more
According to Reuters and Fox News, the United States and Saudi Arabia jointly struck Iran-backed groups in Iraq on Wednesday, driving Brent crude futures up more than 7 percent past US$90 a barrel. President Donald Trump vowed to hit Iran hard after Tehran confirmed it fired on U.S. bases in Jordan and ships in the … Read more
Nutrien, a dominant global potash miner based in Saskatchewan, has chosen to invest upwards of $1-billion in the Port of Longview, Washington, rather than expand through British Columbia’s Port of Vancouver. According to regulatory compliance consultant, banking historian, and Globe and Mail contributing columnist John Turley-Ewart, this cross-border capital flight serves as a stark red … Read more
Canada’s Drug Agency has reversed its initial stance, now recommending that public drug plans provide coverage for the Alzheimer’s medication lecanemab, provided specific clinical and safety conditions are met. The Canadian Drug Expert Committee (CDEC) updated its recommendation on Thursday, citing new evidence and a pressing clinical need, despite lingering concerns over the drug’s high … Read more
Police have arrested a 28-year-old man on suspicion of murder following the death of former Conservative MP Ann Widdecombe, 78, at her home in Haytor. Devon and Cornwall police confirmed the arrest occurred in South Yorkshire. Authorities state there is currently no evidence the incident was politically motivated or related to terrorism. The Investigation into … Read more
Alberta, Ottawa, and five major oil sands producers have formalized a tripartite agreement to advance the Pathways carbon capture project while facilitating expanded crude production. Signed July 2 and made public Monday, the deal establishes a framework for regulatory and financial support intended to reach 10 megatons of emissions reductions by 2045 while filling expanded … Read more
The Innu First Nation of Pessamit has voted to reject a $1.3-billion land-use and reconciliation agreement with the Quebec government and Hydro-Québec. According to referendum results overseen by lawyer Alexis Wawanoloath, 63 per cent of the community voted against the pact, which aimed to settle long-standing disputes over hydroelectric infrastructure on ancestral lands while securing … Read more