It is Wednesday, June 17, and here are the top stories we are following today.
Canada’s $80-Billion Submarine Race Sparks Dealmaking Blitz
International bidders are striking dozens of side deals to invest in Canadian industries from autos to steel to liquefied natural gas in an attempt to win the submarine contract. Hanwha Ocean Co. Ltd. is pitching its KSS-III submarine to Canada, sparking a flurry of industrial partnerships across the country.
CRA Will Clip Your Wings If You Take a Personal Ride in the Corporate Jet
Thinking of hitching a free ride on the corporate jet this weekend? Be forewarned – unless you are travelling for work, the Canada Revenue Agency’s view is that you have enjoyed a taxable benefit, either as a shareholder (if you own the company) or as an employee, writes Jamie Golombek. A Hawker 4000 private jet is pictured.
Canada’s Population Shrinks as Lower Immigration Rates Take Hold
Lower immigration rates caused Canada’s population to slightly decline in the first three months of 2026 for the third straight quarter, according to Statistics Canada estimates. Canada had about 41.4 million people as of April 1, as shown in a photo by Peter J. Thompson/National Post.
When Does a Tyrannical Boss Become a Legal Liability?
After a recent Toronto Star article outlined complaints regarding Prime Minister Mark Carney’s management style and about a difficult working environment within the Prime Minister’s Office, Canadians may reasonably have wondered: when does a demanding boss become a legal liability? The answer might surprise many employees and employers, writes Howard Levitt. There is an important distinction between demanding excellence and stripping people of their dignity. One drives performance, the other creates liability.
Bank of Canada Needs to Improve Communications with the General Public, Says C.D. Howe
The Bank of Canada’s communication around its monetary policy decisions is too technical and difficult for the general public to understand, and more emphasis needs to be made on how officials are planning on getting headline inflation back to the two per cent target, says a new report. The Bank of Canada building in Ottawa is pictured.
