Business News
A new KPMG Canada survey of 346 senior executives finds overwhelming support for a major overhaul of the tax system and faster action on trade diversification, putting pressure on Finance to deliver concrete measures in the November budget.
Cleveland-Cliffs says Stelco contributed positively to its third quarter, but the U.S. steelmaker is idling lines and cutting hundreds of jobs in Hamilton and Nanticoke. The federal government says the layoffs may breach undertakings tied to the 2024 acquisition and is demanding a plan to protect Canadian jobs.
Statistics Canada reported a modest uptick in headline inflation for September, driven by a sharp rise in gasoline prices. The data keeps pressure on policymakers ahead of the Bank of Canada decision on October 28 and has pushed markets to reprice the likelihood of further rate moves.
Statistics Canada publishes the September Consumer Price Index on October 19, 2026, the data that could influence the Bank of Canada’s October policy outlook after the central bank signalled a higher inflation forecast driven by oil prices.
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The federal government announced a C$100 million investment on October 16, 2026 to accelerate data collection, transmission studies and early-stage preparation for Wind West, Nova Scotia’s flagship offshore wind program. The move aims to reduce investor risk and catalyze private capital for a potential multibillion dollar industry.
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.
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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.
A coalition of local managers, unionized workers and First Nations has publicly launched efforts to acquire Rayonier Advanced Materials’ idled pulp and paperboard mill in Témiscaming, Quebec, aiming to restart production and protect hundreds of jobs amid tariff-driven market pressure.
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.
Stelco says it will proceed with scheduled layoffs at its Hamilton operations, prompting Industry Minister Melanie Joly to warn Cleveland-Cliffs that the federal government may seek legal remedies under the Investment Canada Act if job commitments are not met.
Statistics Canada data show Canada lost about 68,000 jobs in September, reversing earlier gains this year and raising questions about the labour market outlook ahead of the Bank of Canada decision.
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.