Loblaw Starts Paying $500M Settlement On Bread Price-Fixing Class Suits
Loblaw Companies (TSX: L) and George Weston Limited (TSX: WN) began the claims process for a $500-million nationwide settlement of packaged bread price-fixing class actions. The settlement received approvals from the Superior Court of Quebec and the Ontario Superior Court of Justice, and allocates 78% of funds to settlement class members resident outside Quebec and […]
Hyundai Battery Plant Delays Ripple Through Georgia Economy, US-South Korea Relations
A massive immigration raid at Hyundai‘s Georgia battery plant will delay production by at least three months, threatening thousands of jobs and billions in investment while straining relations between the United States and South Korea. Hyundai CEO José Muñoz said Thursday the startup of the $4.3 billion battery manufacturing facility faces a “minimum two to […]
Carney Eyes Scrapping Oil-And-Gas Emissions Cap This Fall
Ottawa is reportedly in active talks to drop the planned oil-and-gas emissions cap this autumn, replacing it with a broader “climate competitiveness strategy” after sources said the cap—set at 137 million tonnes by 2030, or 37% below 2022—could be scrapped if Alberta and producers deliver alternative reductions. The cap has never been legislated but has […]
No Pipelines Until Billions In Carbon Capture?
Prime Minister Mark Carney said any new crude pipeline to tidewater will proceed only if “billions” are committed to a major carbon capture system, calling the Pathways project a “necessary condition to unlock those pipelines,” while unveiling five preferred projects—none of them a crude pipeline—under June’s new fast-track law. Under Bill C-5 (Building Canada Act), […]
Bank of Canada Poised for Rate Cuts As Job Losses Mount
The Bank of Canada appears set to resume interest rate cuts next week following a dramatic weakening in Canada’s labor market that has economists and investors betting on monetary easing. Statistics Canada reported Friday that the country shed 66,000 jobs in August, crushing forecasts that called for a modest 5,000 increase. The unemployment rate jumped […]
Carney Picks Five For Major Projects, No Pipelines
Prime Minister Mark Carney referred only five projects to the new Major Projects Office for accelerated review, omitting oil pipelines and drawing criticism that the inaugural national interest list mostly rebrands work already underway rather than speeding anything new. The government says the five represent “more than $60 billion” in prospective investment, with MPO’s mandate […]
Empire Company Q1 2026: Free Cash Flow Sinks 66% Despite Record EPS
Empire (TSX: EMP.A) reported fiscal Q1 2026 results showing 1.5% jump in sales to $8.26 billion from $8.14 billion in the comparable period last year. Cost of sales grew just 0.2% to $6.02 billion while selling and administrative expense rose 3.9% to $1.89 billion on higher retail and supply-chain labour and incentive accruals. Gross profit […]
Ontario Begins Road Construction to Controversial Ring of Fire Mining Region
Ontario announced Wednesday it will invest nearly $62 million to begin building infrastructure for a road network to the mineral-rich Ring of Fire region, marking the first physical construction step in a project that has faced years of Indigenous opposition. The province will rehabilitate a 5-kilometer stretch of road in Geraldton that will serve as […]
Ontario Suspends Commercial Truck Drivers’ Licenses Over Alleged Training Fraud
Ontario’s Ministry of Transportation has suspended the commercial driver’s licenses of hundreds of truck drivers who officials believe obtained their credentials through fraudulent testing and training processes, according to suspension letters sent this week. The ministry mailed notices to drivers stating their Class A licenses were suspended for 90 days effective immediately, with orders to […]
Alexei Navalny’s Widow Calls For EU To Reject Russian Visa Ban
EU members have been considering stricter tourist visa rules following increased Russian applications over the summer. Some reports suggest a complete tourist visa ban could take effect as early as September 12. Yulia Navalnaya, widow of late opposition leader Alexei Navalny, urged the European Union not to impose restrictions on tourist visas for Russian citizens, […]