Global Markets Advance as Tech Rebound, Oil Slips
Global markets mostly rose on Tuesday as technology stocks rebounded from recent sell-offs, while oil prices declined amid demand concerns.
Category : Corporate News
Contractors Brace for Tough 2026 Amid Tariffs and Labour Shortages
A new survey reveals 91% of contractors face tariff-related cost increases, with labour shortages and policy uncertainty reshaping bidding and growth strategies.
Competition Bureau demands Sobeys lease terms in probe
Federal lawyers request Sobeys' lease details with mall owners, alleging anti-competitive property controls that limit grocery competition in Canada.
Taxes and Regulations Worry Airlines More Than War
Airlines are more concerned about taxes and regulations than the Middle East war, despite surging fuel costs. IATA's annual conference highlights these issues.
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Airlines slash 2026 profit forecast due to Iran war fuel shock
Global airlines have slashed their 2026 profit forecast following a fuel price shock triggered by the Iran war, warning of potential failures and consolidation in the industry.
Google Ordered to Pay $358K in Tribunal Costs
The Competition Tribunal has ordered Google to pay more than $358,000 in legal costs to the Competition Bureau, following a lengthy antitrust case.
AstraZeneca Celebrates Largest NYSE Transfer
AstraZeneca marks the largest market cap transfer in NYSE history; Sunshine Silver Mining surges 27% on debut; RedotPay launches B2B product.
Prince Andrew Sublet Cottages on Rent-Free Estate for Profit
A report reveals Prince Andrew profited from subletting cottages on his rent-free estate, raising questions about royal finances and property use.
SpaceX Denied Fast-Track Entry into S&P 500 Index
The S&P 500 Index Committee has rejected SpaceX's request for expedited inclusion, citing criteria that require a longer track record of profitability and market stability.
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Ontario Officer Fired for Tow Company Favors
An Ontario Provincial Police officer was fired after an investigation found he gave preferential treatment to two GTA towing companies, violating conduct standards.
Harley-Davidson Targeted by Anti-DEI Activist Again
Conservative influencer Robby Starbuck renews boycott call against Harley-Davidson, citing new CEO Artie Starrs and chief brand officer Marcus Fischer's past DEI support.
Blackstone Caps Withdrawals on $79B Credit Fund
Blackstone limited withdrawals to 5% on its $79 billion private credit fund after redemption requests rose to 10% in Q2, following industry trends.
Sarnia Home Search Yields $186K Cocaine, Two Charged
Two individuals face charges after police seized $186,000 worth of cocaine during a search of a Sarnia home. The investigation led to the discovery of a significant drug stash.
Ballard Power 2026 AGM Results Announced
Ballard Power Systems announced results of its 2026 Annual General Meeting, including re-election of directors and appointment of auditors.
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Canada Extends Steel Tariff Quotas for One Year
The Canadian government announces a one-year extension of steel tariff quotas and remission program to support domestic industry amid trade tensions.
Calgary Police Issue Summonses After Hells Angels Ride
Calgary police issued multiple summonses following a Hells Angels motorcycle ride through the city, citing traffic violations and public safety concerns.
RBI Announces Election of Directors at Annual Meeting
Restaurant Brands International Inc. announced the election of ten directors at its 2026 Annual Meeting, with 88.29% shareholder turnout and strong support for nominees.
Woodstock Police Recover $550K in Stolen Vehicles
Woodstock police recovered approximately $550,000 in stolen ATVs, motorcycles, and a trailer following an investigation in May. No arrests have been reported yet.
CRA Denies Late Filing Relief: Court Upholds Decision
A recent Federal Court case highlights the strict approach of the Canada Revenue Agency (CRA) in denying taxpayer relief for late-filing penalties and interest, even with valid reasons.
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CORA Group Buys Finastra's Core Banking and Digital Assets
CORA Group, a Jonas Software portfolio company, acquires Finastra's U.S. Mid-Market banking business including Phoenix Core, Malauzai, and Fusion Analytics.
Curaleaf Confirms Reverse Stock Split Effective Date
Curaleaf Holdings announces its 1-for-3 reverse stock split will take effect on June 5, 2026, reducing outstanding shares from about 699 million to 233 million.
Tim Hortons to End Credit Card Program in October
Tim Hortons announced it will shut down its credit card program this October, impacting customers who use the co-branded card. The company cited strategic reasons for the closure.
High Tide Q2 2026 Results Due June 15
High Tide Inc. will announce second fiscal quarter 2026 financial results after market close on June 15, followed by a webcast with executives on June 16.
Ontario Spends $1B on Private Admin: OPSEU Report
A new OPSEU report reveals that Ontario has paid over $1 billion to private companies for administering government programs, sparking debate on privatization.
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Armoured Car Guard Charged with Theft, Firearm Offences
A 35-year-old armoured car employee faces theft and firearm charges after a cash drop-off theft in downtown Toronto. Police recovered a gun during the arrest.
Amazon Caused First-Contract Impasse at B.C. Centre: Mediator
A mediator reports that Amazon created a deadlock in first-contract negotiations at its unionized fulfilment centre in Delta, B.C., delaying a collective agreement.
Metro CEO Eric La Flèche to Retire; Marc Giroux to Succeed
Metro Inc. CEO Eric La Flèche will retire in September after 18 years. COO Marc Giroux will take over as CEO on Sept. 27.
Chesterville's last bank branch to close
The last bank branch in Chesterville, Ontario, is set to close, leaving the town without any physical banking services. Residents and businesses will need to rely on online banking or travel to nearby towns.
S&P/TSX Composite Up More Than 300 Points on Broad Rally
Canada's main stock index surged over 300 points on Tuesday, driven by gains in energy and technology sectors amid positive economic data.
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Princeton Endowment Reverses Fossil Fuel Divestment Pledge
Princeton University's endowment backtracks on its 2022 pledge to divest from publicly traded oil and gas companies, citing financial strain and the need for flexibility.
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