Ottawa plans to merge federal financing agencies, set up standalone sovereign wealth fund
Budget includes proposals to create single business development bank and broaden mandate of clean investment program
Report on Business
From a new tax deadline to a revamped RRSP, six ways the budget could affect your wallet
Government wants to move filing deadline to May 15 and plans an increase to the grocery benefit
breaking
Ottawa bets spending boost will deliver future economic gains
Government reveals major revenue windfall driven by high global oil prices, outlines more than $150-billion in new expenditures
Artists and entrepreneurs are budget winners. Plus, more highlights
Fiscal plan also includes significant infrastructure funding for Indigenous communities
Stocks end sharply lower as AI sentiment worsens after Democrats’ election sweep
S&P 500 and Nasdaq see deepest drop since April 2025, with chipmakers tumbling on worries about data centre expansion
Canadian auto sector sees new hope from U.S. Democrats’ midterm sweep
Industry experts predict congressional pushback against tariffs and renewal of some EV-friendly policies
BCE’s free cash flow falls as it boosts spending on AI data centres, U.S. fibre networks
Bell Canada parent sees capital expenditures jump nearly 50%, mobile subscriber growth stall in third quarter
Ottawa is making payments security a top priority for Canada’s sovereignty
Carney has made financial services a central fixture of his plan to improve the resilience of the economy
CPPIB invests $50-million in fast-rising Toronto AI star Beacon Software
It’s a rare Canadian investment for the pension giant’s growth equity unit, which has also backed Cohere and Wealthsimple
Wealthsimple launches AI assistant for clients, plans to allow third-party AI tools in 2027
Many of Canada’s largest banks have blocked or restricted access to third-party agents, citing data security concerns
opinion
Interest rates are rising again. The last hike cycle offers clues on what lies ahead
There are strategies to protect your money when the Bank of Canada hikes rates
Your money
Economy
Artists and entrepreneurs are budget winners. Plus, more highlights
Fiscal plan also includes significant infrastructure funding for Indigenous communities
Energy & resources
Nutrien will not sell its phosphate division, citing war in the Middle East
Instead of selling division, it will shut down a Florida facility in second quarter of 2027
Finance
Ottawa plans to merge federal financing agencies, set up standalone sovereign wealth fund
Budget includes proposals to create single business development bank and broaden mandate of clean investment program
Technology & innovation
Quebecor shares climb as company reports subscriber gains, rise in wireless revenue
Telecom added nearly 137,000 new wireless customers, the largest quarterly increase since launch of mobile service in 2010
Report on Business magazine
How large enterprises can close the innovation gap
Established organizations don’t need to act like startups. But they should definitely learn to work with them, according to MaRS CEO Grace Lee Reynolds
The Globe and Mail guides
Streetwise
Ottawa plans to merge federal financing agencies, set up standalone sovereign wealth fund
Budget includes proposals to create single business development bank and broaden mandate of clean investment program
Work life
power points
We’re taking fewer risks and that’s holding us and society back, economist argues
‘The message young people today receive is that taking less risk means they could have more. But that’s exactly wrong. If you don’t take risks, you generally wind up with less,’ writes Allison Schrager
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