Business News
Prime Minister Mark Carney and EU leaders unveiled an Alliance for the Future aimed at tightening economic and technology ties, while Ottawa announced a multibillion dollar investment in AI infrastructure and capacity to secure a domestic industry.
On November 1, 2026, several provinces and territories stopped changing their clocks, creating a split in Canada’s timekeeping that is forcing companies, border operators and payroll teams to adjust schedules, software and contracts.
On November 1, 2026 Ontario implements lower time of use rates for winter months while reducing the Ontario Electricity Rebate to 15.7 percent, a move that lowers per kilowatt hour prices but reduces the net relief on household and small business bills.
Canada’s S&P/TSX Composite plunged on October 30 as a global technology selloff and a slide in gold prices combined with worries about higher interest rates to pull the country’s resource and tech heavy market lower.
A White House proclamation that removes selected Canadian goods from a 50 percent tariff list while adding dozens of new lines becomes effective October 30. Canadian exporters, from flooring manufacturers to agriculture suppliers, face a complex mix of relief and fresh exposure as Ottawa assesses immediate economic and policy implications.
The Bank of Canada increased its overnight policy rate by 25 basis points to 2.5 percent on October 28, 2026, its first hike since 2023. The central bank cited stronger inflationary pressures driven by higher energy prices and warned further increases could be necessary, a move that will raise borrowing costs for Canadian firms and households and reshape investment and mortgage decisions ahead.
The Bank of Canada raised its policy rate by 25 basis points on October 28, 2026, prompting major Canadian banks to lift their prime lending rates on October 29. The moves tighten financing for mortgages and business credit at a time of persistent inflation and uneven growth.
With the Bank of Canada scheduled to release its interest rate decision and Monetary Policy Report on October 28, markets and major Canadian banks have shifted toward expecting a quarter point hike as oil and gasoline prices push up inflation risks.
Prudential has applied for a Court of King’s Bench initial order seeking creditor-led CCAA protection for Prairie Provident Resources, prompting a trading halt on the TSX and the likely appointment of Alvarez and Marsal as monitor. The move underscores continued strain on small Canadian oil and gas producers facing covenant breaches and tight credit conditions.
Markets pushed the Canadian dollar higher and bond yields up on October 26, 2026, as investors priced a near-certain policy rate increase when the Bank of Canada meets next week. The move tightens conditions for Canadian businesses and households already coping with elevated borrowing costs.
The federal government will table its Budget 2026 on Thursday, November 5, the Department of Finance announced. The move frames Ottawa’s next fiscal plan around unlocking business investment, nation building projects and economic security amid a fragile global backdrop.
The federal government has launched a record C$1.75 billion Venture and Growth Capital plan to keep high growth companies in Canada. Officials opened a fund of funds call this month, but industry and program documents show most funding streams will not reach managers or startups for many months.
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.
Prime Minister Mark Carney and Turkish President Recep Tayyip Erdogan announced a strategic partnership and the launch of free trade talks, aiming to boost bilateral trade, energy cooperation and defence industrial ties as Canada looks to diversify away from its heavy reliance on the United States.
Canada Post holds its annual public meeting by webcast on October 22, 2026, updating stakeholders on a multi year modernization plan, recent quarterly losses and steps to rebuild parcel market share while converting millions of addresses to community mailboxes.