CMHC Data Shows Housing Affordability Target Now Out Of Reach
New data from CMHC reveals that the federal government’s ambitions to significantly improve housing affordability by 2025 are unlikely to be met. Housing starts nationwide are hundreds of thousands below the levels deemed necessary to ease affordability pressures, with CMHC forecasting a further slowdown in construction in 2025. New CMHC forecasts reveal a subdued yet […]
Did Trump Also Freeze the US International Development Finance Corp?
Recent actions by the Trump administration have raised pressing questions about the management and future of US foreign aid agencies. Among the most debated is whether the administration intentionally halted operations at the US International Development Finance Corporation (DFC)—a body established during Trump’s first term to stimulate private-sector investments in emerging markets. Evidence has emerged […]
Musk Used AI Firm’s Cash to Keep X Afloat, Documents Show
Elon Musk transferred hundreds of millions of dollars from his artificial intelligence company xAI to prop up social media platform X, according to financial documents shown to investors during this week’s $5.5 billion debt sale. Banks sold the floating-rate debt at 97 cents on the dollar with an 11% interest rate, the Wall Street Journal […]
Trump Tax Plan Could Cut Government Revenue By As Much As $11 Trillion
President Donald Trump’s proposed tax cuts could reduce federal revenue by $5 to $11.2 trillion over ten years and significantly increase government debt, according to estimates from the Committee for a Responsible Federal Budget. The package would extend Trump’s 2017 tax cuts, eliminate taxes on tips, overtime pay, and Social Security benefits, while closing certain […]
White House Plans Mass Layoffs at Health Agencies
The White House is preparing an executive order to terminate thousands of employees across federal health agencies, the Wall Street Journal reported, citing people familiar with the matter. The order would require staff cuts at the Department of Health and Human Services’ 80,000-person workforce, affecting the Food and Drug Administration, Centers for Disease Control and […]
Canopy Growth Crashes By 24% After Q3 2025 Net Loss Misses Expectations
Canopy Growth (TSX: WEED) today delivered its third fiscal quarter 2025 results, reporting a quarterly loss of $121.9 million for the period ended December 31, 2024, a marked improvement from the $216.8 million loss recorded in the same quarter of 2023. Despite this progress, the reported loss per share of $1.11 fell far short of […]
Canadians Back Pipeline Expansion as US Trade Tensions Rise
Four in five Canadians (79%) support expanding the country’s pipeline network from coast to coast as trade tensions with the United States highlight infrastructure gaps, according to an Angus Reid Institute survey released Wednesday. The poll found nearly all provinces strongly support ensuring oil and gas pipelines run across the country. Atlantic Canada shows the […]
Canada Stands Firm on Dairy System Despite US Pressure
Trade Minister Mary Ng rejected any changes to Canada’s dairy supply management system Wednesday, despite mounting US pressure and tariff threats. “Correct,” Ng told CTV‘s Power Play when asked if Canada would maintain its current dairy policies. She pointed to a 2023 trade panel that ruled in Canada’s favor after American farmers challenged how the […]
Judge Halts Federal Worker Buyout Program Hours Before Deadline
3% of the federal workforce had accepted the offer, still short of the White House’s 10% reduction target.
DeepSeek’s Claims On Infra Costs Might Actually Be Way Bigger
Recent investigations into Chinese AI firm DeepSeek have raised significant questions about the company’s public statements regarding its infrastructure costs. While the company has touted its ability to train cutting-edge AI models at a fraction of what competitors spend, independent research from SemiAnalysis suggests the company’s investment in GPUs and server infrastructure is vastly understated. […]