Business
– Canada’s federal government tabled a budget on Thursday that projects a C$62.3 billion deficit for 2026-27 and creates the country’s first sovereign wealth fund. Finance Minister François-Philippe Champagne presented the plan, titled “Masters of Our Destiny.” Prime Minister Mark
– Canadian shoppers can now buy products directly through Google’s Gemini chatbot after the company launched AI-powered checkout in Canada on Wednesday. The Universal Commerce Protocol (UCP)-powered checkout also works in AI Mode on Google Search. Buyers pay through Google
– Universal Ostrich Farms, whose flock was culled by federal inspectors last year, is claiming the loss of a business it projected would earn more than C$200 million. The Edgewood, B.C., farm filed a lawsuit in Vernon on October 30
– Meta grew its advertising revenue more than twice as fast as Google’s search business in the third quarter, a sign of how AI is reshaping digital advertising. Meta’s ad revenue climbed 26% to US$63.1 billion, up from $50.1 billion
WASHINGTON, D.C. / RankWire.AI / – Commodity prices are set to rise 23% in 2026 as global shocks mount, the World Bank Group said in its latest Commodity Markets Outlook on Wednesday. Energy prices are projected to jump 32% this
– Meta plans to raise about US$95 billion by selling new shares, using the money to expand its artificial intelligence infrastructure and pursue superintelligence. The company announced the plan on Monday. It will start with $35 billion in underwritten public
WASHINGTON, D.C. / ConSynSer / – President Donald Trump signed an order on Friday lifting 50% U.S. tariffs on several Canadian forestry and agricultural products, the White House said. Plywood sheets, some paper products and packing crates and boxes are
– According to the World Trade Organization, multilateral development banks are expected to provide approximately US$10 billion in supply chain financing to developing economies in 2026. This represents a two- to threefold rise compared to 2024 and accounts for a
Last year, bilateral merchandise trade between European and North American economies reached an all-time high of 81.8 billion euros, emphasizing the strength of integrated commercial collaborations. As per recent data from Eurostat, the EU exported goods valued at 48.8 billion
– Costco has raised the online price of its Kirkland Signature full synthetic motor oil to $57.99 for a 10-quart case, which contains two 5-quart bottles and is available in multiple viscosity grades popular among consumers. Additionally, the retailer has
Prime Minister Mark Carney laid out an enhanced federal agenda aimed at boosting domestic manufacturing and achieving supply chain independence in response to U.S. trade restrictions. This strategy promotes domestic investment, backs essential infrastructure, and works to diversify export routes
– According to Oxford Economics, Quebec is expected to endure the largest provincial industrial decline resulting from the latest US tariffs in Canada. The research firm projects that Quebec’s yearly economic output could decline by approximately C$1.8 billion below its
– Canada announced plans to implement tariffs of 15%, 25%, and 50% on C$27.6 billion worth of U.S. imports starting September 8, Prime Minister Mark Carney confirmed. These new measures encompass over 700 tariff items, aligning Canadian duties with U.S.
WASHINGTON, D.C. / RankWire.AI / – As long-term Treasury yields declined, the U.S. dollar hovered near a three-month low on Thursday. The dollar index was around 98.81 against a basket of six major currencies. The euro climbed to approximately $1.1676,
Official national economic tracking data released on Friday confirms the Canadian economy grew 0.3 per cent in May, extending a broader economic recovery into a second consecutive month and surpassing earlier government forecasts. According to monthly Gross Domestic Product figures
Nova Scotia is investing $250,000 in MB Meat Company, a new beef processing facility in Judique, Inverness County. The province said the site is Cape Breton’s only provincially inspected beef abattoir. The facility provides custom slaughter and cut-and-wrap services for
News
– The European Union and Canada must work more closely together to tackle global challenges, Austrian Foreign Minister Beate Meinl-Reisinger said during a visit to Ottawa. She called the partnership a strategic necessity for protecting security and economic prosperity as
– UN Climate Change Executive Secretary Simon Stiell has called on nations to unite and deliver real-world progress at COP31 in Antalya, Türkiye. He said the conference must protect more people and ensure they benefit from climate action. No single
– A mother and her daughter have died in a suspected grizzly bear attack on a walking trail near Bella Coola, B.C. Family identified them as Jennifer Balcarras, 48, and Selah Reed, 20. Conservation officers found Balcarras’s remains on Monday
Travel
MENA Newswire, WASHINGTON: International travel to the United States softened in 2025 as several major inbound markets posted lower volumes, with government and industry data showing year over year declines during key months and weaker performance from some of the
WASHINGTON: The U.S. State Department will begin an indefinite suspension of immigrant visa processing for nationals of 75 countries on Jan. 21, applying revised screening standards under the public charge provision of U.S. immigration law. The measure pauses the issuance
MENA Newswire, OTTAWA: Canada is delivering a clear and consistent public message that American visitors remain welcome, as U.S. tourism officials in some regions adopt a quieter approach toward repairing strained cross border travel sentiment. The contrast has become more
Technology
Automotive
Electric vehicle sales in Canada rebounded in early 2026, but Saskatchewan still trails most of the country in adoption. The province posted faster growth than Canada as a whole in new zero-emission vehicle registrations. Its market share remains far below
Nissan Motor Corporation has unveiled a new self-driving technology system designed to operate on complex urban streets, marking a significant development in its ongoing efforts to expand autonomous driving capabilities. The Japanese automaker conducted a live demonstration in central Tokyo
Toyota is recalling more than 70,000 vehicles in Canada due to a defect that could cause the instrument panel display to fail, preventing drivers from seeing critical information such as speed, warning indicators and fuel levels. The recall, issued in