Middle East War Drives Inflation, OECD Cuts Growth Forecasts
The OECD reports the Middle East conflict has revived inflation fears and hampered global economic growth, with U.S. inflation projected at 4.2% in 2026 and reduced growth forecasts.
Category : Business
Canadian Firm Eyes U.S. IPO for Computing Pivot
Calgary-based New West Data, an oil producer and Bitcoin miner, is exploring a U.S. initial public offering to raise funds for expanding into high-performance computing infrastructure.
GO Train Service Changes on Kitchener Line This Weekend
Metrolinx announces temporary modifications to GO train schedules along the Kitchener corridor for essential infrastructure work, impacting weekend travel plans.
Port Windsor's Grain and Salt Surge Amid Global Conflicts
Port Windsor experienced a dramatic 24% grain and 98% salt shipment increase late last year, driven by global supply chain disruptions from conflicts in Ukraine and the Middle East, according to the port's CEO.
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Leamington Rejects 14-Storey Waterfront Condo Proposal
Leamington council has denied a rezoning application for a 14-storey, 60-unit condominium near the marina, citing resident concerns over height, traffic, and lack of amenities.
Highway 401 Whitby Collision Cleared, Lanes Reopen
A collision that blocked two westbound lanes on Highway 401 in Whitby has been cleared by authorities, restoring normal traffic flow after a brief disruption on the major Ontario route.
Trump's Iran War Policy Pivots Based on Oil Price Pain Points
Analysis reveals how President Trump's policy shifts on Iran are closely tied to oil market volatility, with his administration attempting to control gasoline prices ahead of midterm elections as Brent crude experiences dramatic fluctuations.
Senators and Algonquin Nation Partner for LeBreton Flats Vision
The Ottawa Senators and Algonquin Anishinabe Nation announce a landmark partnership to develop a shared vision for the LeBreton Flats redevelopment project in Ottawa.
Stocks Fall, Oil Rises as Iran War Doubts Rattle Markets
Financial markets experienced significant turbulence as concerns over a potential escalation in the Middle East resurfaced, leading to falling stock prices and rising oil costs.
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Collision Blocks Westbound Lanes on Highway 401 in Whitby
A collision on Highway 401 in Whitby has blocked two westbound lanes, causing significant traffic disruptions. Ontario Provincial Police are on the scene managing the situation and advising motorists to seek alternate routes.
Barrick Delays Reko Diq Project Amid Security Concerns
Barrick Gold Corporation postpones its Reko Diq copper-gold project in Pakistan due to escalating security issues, impacting mining operations and investment.
BMO Targets 15% ROE via Wealth, U.S. Growth
The Bank of Montreal has set an ambitious target of achieving a 15% return on equity by focusing on growth in its wealth management division and expanding its U.S. business operations.
Bus Plunges into River in Bangladesh, Killing 18
A passenger bus fell into the Padma River while boarding a ferry in Rajbari district, Bangladesh, resulting in at least 18 fatalities and leaving families in mourning.
R&D Tax Credits Hit $900M+ in North America: Boast Report
Boast's 2026 benchmark report reveals companies secured over $900 million in R&D tax credits in 2024, with average claim values up 245% since 2018, highlighting strategic innovation funding trends.
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BMO Targets 15% Return on Equity via Wealth and U.S. Growth
The Bank of Montreal has set an ambitious goal to achieve a 15% return on equity by focusing on growth in its wealth management division and expanding its U.S. business operations.
Coinbase Launches Token-Backed Home Down Payments
Cryptocurrency exchange Coinbase is launching a new service allowing homebuyers to use digital tokens as collateral for down payments, potentially revolutionizing real estate financing.
Iran Oil Revenue Soars as Only Hormuz Exporter
Iran has earned hundreds of millions in extra oil income since the war began, benefiting from price surges as it remains the only major exporter using the Strait of Hormuz, with exports holding steady at 1.6 million barrels daily.
Hedge Investments Against Stock Market Volatility
Greg Taylor, CIO at PenderFund Capital Management, discusses how investors are reducing risk and finding value in turbulent markets, offering insights for portfolio management.
Ottawa Gas Prices Drop 6 Cents on Friday
Ottawa drivers will see a significant 6-cent per liter drop in gasoline prices this Friday, continuing the recent roller coaster of fuel cost fluctuations in the region.
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Carbon Tax Hike to $170 May Cost Workers $1,160 Annually
A Fraser Institute study predicts Canada's carbon tax increase to $170 per tonne by 2030 could reduce average worker income by $1,160, eliminate 50,000 jobs, and shrink the economy by 1.3%, with Alberta hardest hit.
Agropur Recalls Milk Products Over Glass Contamination Risk
Canada's largest dairy cooperative, Agropur, has issued a voluntary recall for multiple milk products across several provinces due to potential glass contamination, following a customer complaint.
Canadian Miner Challenges China's Rare Earth Dominance
Vancouver-based Defense Metals Corp. is developing Canada's first rare earth mine at the Wicheeda project, aiming to capture 7-8% of global production by 2030 with government support.
Historic Hudson's Bay Store in Vancouver Draws Buyer Interest
Multiple groups are exploring options for the former Hudson's Bay flagship building in downtown Vancouver, with commercial brokers indicating a pricing guidance of $230 million for the 600,000-square-foot property.
55% of Canadians Not in Ideal Homes, Study Finds Space Gap
A new study by Century 21 Canada and Ipsos reveals 55% of Canadians aren't living in their ideal home, with most wanting more space and single detached houses. Affordability remains a key barrier.
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Income Needed to Buy a Home in Ottawa Hits $122,440
A new analysis shows households in Ottawa require a minimum annual income of $122,440 to purchase a home, highlighting affordability challenges in the capital's real estate market.
Gas Prices to Fall 6 Cents per Litre in Toronto on Friday
Motorists in Toronto can expect relief at the pumps as gas prices are forecast to decrease by six cents per litre this Friday, according to industry analyst Dan McTeague.
Latin Metals Begins Ventana North Copper Exploration in Argentina
Latin Metals Inc. has commenced its first systematic exploration program at the Ventana North copper property in northwest Argentina, part of a 500,000-hectare regional copper exploration portfolio. The 2026 field program aims to identify high-grade coppe
Cyclist Critically Injured in Alta Vista Collision
A male cyclist suffered serious injuries in a crash with a vehicle at the intersection of Pleasant Park and Haig drives in Ottawa's Alta Vista neighborhood early Thursday morning.
Wall Street Bonuses Hit Record $49.2 Billion in 2025
New York's financial sector saw bonuses surge 9% to an unprecedented $49.2 billion in 2025, according to the state comptroller, highlighting robust industry performance amid economic shifts.
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Wall Street Drops on Middle East Tensions, Oil Bets
Global markets, including Wall Street, decline as missile attacks on Israel and uncertainty in peace talks fuel investor anxiety, compounded by surging oil bets raising manipulation fears.
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