Canada's Worsening Credit Stress to Test Big Six Bank Earnings
Canada's biggest banks had hoped to set aside less money for potentially bad loans in the second half of 2026, but analysts say that is increasingly unlikely given the weakening economic outlook. Despite these challenges, analysts still expect the Big Six banks to post strong results, primarily due to capital markets and wealth management performance.
Canadian Consumer Spending Rises, but Mostly at Gas Stations
Canadian retail sales rose by 0.9 per cent in March, marking the fourth consecutive monthly increase. However, the gain was mainly driven by higher gasoline prices, with spending at gas stations climbing 12.4 per cent. Inflation, U.S. tariffs, and geopolitical tensions continue to weigh on the economy.
When Not to Fire a CEO: Lessons from Governance Failures
Boards are often quick to fire CEOs in a crisis, only to find that the underlying issues remain. Howard Levitt, in his board advisory work, observes that by the time outside counsel is hired to investigate a senior executive, the real governance failure has already occurred.
Why Canada May Struggle in the Age of State Capitalism
The Mark Carney government recently unveiled the Canada Strong Fund, seeded with $25 billion, but the lack of details has led to confusion. Questions remain about funding, management, retail investor participation, and capital guarantees, raising concerns about Canada's ability to compete in a world of state capitalism.
Nuclear Fusion Company Backed by Bezos and Lütke Eyes Dual Listing
General Fusion Inc., a British Columbia-based nuclear fusion company backed by Jeff Bezos and Tobias Lütke, is considering a dual listing on the Toronto Stock Exchange and Nasdaq. The company aims to hit key technical milestones by 2028 to scale up and commercialize its fusion power plant technology.
