Saturday, October 24, 2026 · Read Daily Business News for the latest business, economy, markets, investing, startups, entrepreneurship, corporate and global business developments.
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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.

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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Cabinet Directive that forces regulators to offset regulatory cost increases with larger cuts, seeks faster repeal of outdated rules and aims to make Canada more attractive for investment and exports.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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