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Breaking Ottawa opens bids for C$1.75 billion venture capital plan but much of the money is not yet deployable
Business News · Oct 24, 2026

Scotiabank subsidiaries file to shrink stated capital, seeking regulator approval for up to C$170 million return to shareholder

Three Canadian trust and banking entities, including The Bank of Nova Scotia Trust Company, published notices in the Canada Gazette on October 24, 2026, saying they intend to apply for regulatory approval to reduce stated capital. The moves would permit transfers totaling up to C$170 million to their sole shareholder if approved by the Office of the Superintendent of Financial Institutions.

Latest News

Business News · Oct 15, 2026

Ottawa unrolls regionally targeted business support and offshore wind push in multicity October 15 announcements

On October 15, federal ministers and regional representatives made a coordinated set of announcements aimed at boosting clean energy projects, apprenticeship training and small business investment across several provinces. The moves underline Ottawa’s strategy to steer private capital toward large renewable projects while offering near term supports to local firms and workers.

Business News · Oct 13, 2026

Corus recapitalization completed as new holding company shares begin trading, reshaping Canadian broadcast ownership

Corus Entertainment completed a court supervised recapitalization this month, exchanging debt for equity and transferring control to lenders. New holding company shares begin trading on the Toronto Stock Exchange on October 13, 2026, marking a major ownership shift for one of Canada’s largest independent broadcasters and raising questions about future strategy and local media investment.

Business News · Oct 12, 2026

Ottawa and Cleveland-Cliffs Head Toward Legal Showdown as Stelco Layoffs Begin

The federal government has given Cleveland-Cliffs five days to explain how it will meet employment commitments tied to its 2024 purchase of Stelco, after the U.S. owner pressed ahead with layoffs at the Hamilton steelworks. The company’s CEO said he is prepared to fight in court, raising the prospect of a high stakes legal and political battle over foreign investment commitments and Canadian industrial policy.

Business News · Oct 9, 2026

Stelco begins layoffs in Hamilton as Ottawa warns owner of legal action

Stelco began issuing layoff notices on October 9, 2026, as its U.S. owner, Cleveland-Cliffs, idles operations at the Hamilton plant. The federal government has given the company days to explain how it will meet employment commitments tied to its 2024 purchase, raising the prospect of enforcement under the Investment Canada Act.

Business News

Business News · Oct 24, 2026

Scotiabank subsidiaries file to shrink stated capital, seeking regulator approval for up to C$170 million return to shareholder

Three Canadian trust and banking entities, including The Bank of Nova Scotia Trust Company, published notices in the Canada Gazette on October 24, 2026, saying they intend to apply for regulatory approval to reduce stated capital. The moves would permit transfers totaling up to C$170 million to their sole shareholder if approved by the Office of the Superintendent of Financial Institutions.

Economy & Markets

Companies & Industry

Companies & Industry · Oct 21, 2026

Ottawa issues new Cabinet directive to cut regulatory red tape, presses departments to deliver net burden reductions

The federal government on October 21 issued a new Cabinet Directive that forces regulators to offset regulatory cost increases with larger cuts, seeks faster repeal of outdated rules and aims to make Canada more attractive for investment and exports. Businesses and advocacy groups welcomed the move, but analysts warn implementation and legal limits will determine the impact.

Companies & Industry · Oct 16, 2026

EverWind unveils C$10 billion data centre and wind buildout at Point Tupper, promising jobs and debate in Nova Scotia

EverWind announced on October 16, 2026 a privately funded plan to invest more than C$10 billion to build an AI-focused data centre campus at Point Tupper and expand onshore wind generation in Nova Scotia. The proposal brings large-scale private capital and local revenue promises, while raising questions about grid capacity, water use, and long term local benefits.

Technology & Innovation

Chinese President Xi Jinping speaking at a state event in Washington, with delegates in the background
Technology & Innovation · Sep 26, 2026

Xi Jinping’s White House Message Reframes China’s AI Strategy as a Call for Shared Safety and Human Control

During his state visit to Washington this week, Chinese president Xi Jinping urged joint US China action to keep artificial intelligence under human control. The comments, issued as Chinese state media published his remarks on September 26, highlight Beijing’s push to shape global AI rules while advancing domestic industry and security priorities.

Global Business

Trading floor screens showing market data with AI overlay
Global Business · Sep 26, 2026

ASIC tightens rules on AI and algorithmic trading, pushing Australian markets toward stricter controls

Australia’s corporate regulator announced amended market integrity rules on September 26, 2026 that extend testing, monitoring and governance obligations to AI enabled trading systems. The changes aim to align domestic rules with international standards, impose kill switch and testing requirements for trading algorithms, and give market participants an 18 month transition to comply.

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