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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.

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.

Companies & Industry · Oct 5, 2026

PwC and Cohere form global enterprise AI alliance, launching first in Canada

PwC and Canadian AI firm Cohere announced a global alliance on October 5, 2026 that will begin in Canada, combining PwC’s transformation and governance capabilities with Cohere’s sovereign AI technology to speed enterprise adoption while addressing data control, security and regulatory needs.

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.