Business

At the RBC CEO Conference in Toronto, Canadian bank leaders said national security and rising income inequality are two of the biggest risks, and several executives noted increased investment in AI and technology to reduce costs.

Modelo has introduced Modelo Chelada Limón y Sal Non‑Alcoholic, its first non‑alcoholic Chelada, now being sold in leading U.S. markets in 12 oz 6‑packs.

A whitepaper titled "ESG Value Creation in Private Equity: From Rhetoric to Returns" combines BCI Private Equity's operational insights with Stanford Law's SLTI research methodology and reports that financially material ESG initiatives can contribute to EBITDA improvements and reduce operational risk.

U.S. forces boarded and seized a Russia-flagged oil tanker tied to Venezuela in the North Atlantic and handed control to U.S. law enforcement, officials said.

Talisker has hired SGS Canada to prepare an NI 43-101 Technical Report that will include an updated Mineral Resource Estimate and a Preliminary Economic Assessment; the update will incorporate 138 additional drill holes (31,093 m) and mining depletion at Mustang in 2025, and the report is expected in Q2 2026.

Global inflation averaged 4.2% in 2025 and the IMF projects it will fall to 3.7% in 2026; the map shows Venezuela with the highest rate at 269.9% in 2025 and China at 0.0%.

Reports say Chevron and private equity group Quantum Energy Partners are teaming up to bid for Lukoil's international assets, which the Financial Times values at about US$22 billion; Chevron issued a brief statement and other parties did not immediately comment.

U.S.-Cuba tensions have increased after public criticisms from U.S. officials and remarks about Cuba's loss of income amid reduced Venezuelan oil supplies.

BMW Alpina has launched as a standalone luxury brand within the BMW Group and introduced a refreshed wordmark inspired by a 1970s asymmetrical logo.

Oil prices fell after President Donald Trump announced a deal to import up to US$2 billion of Venezuelan crude, and Brent and U.S. WTI benchmarks slid by roughly $0.35 and $0.52 a barrel respectively, according to market reports.

Shots were fired on an Oshawa-bound GO bus at Yorkdale, leaving one passenger dead; Tyrel Gibson has been charged with first-degree murder and was remanded in custody pending a bail hearing.

Primark has launched a 240-piece activewear range for men, women and children that emphasizes technical fabrics and support-focused designs, timed for the new year. The company said the collection aims to bring innovation and fabrication while keeping prices accessible.

A study published in Facets finds that draining small wetlands across the Prairie Pothole Region is releasing large amounts of stored carbon and raising greenhouse gas emissions; the authors estimate over three million tonnes of CO2 are being released and draining adds about 8% more emissions per year, with an estimated $170 million in carbon pricing.

B.C.'s Environmental Assessment Office approved amendments to extend Mount Milligan mine operations to 2035, with increased production and monitoring requirements; Nak'azdli Whut'en leaders say their environmental guardians will take part in oversight.

Authorities warned a worsening cold snap will bring more snow and travel disruption across Europe; French officials said airlines were ordered to cancel many flights at Paris airports and KLM protectively cancelled 600 flights at Schiphol.

The trial opened for Adrian Gonzales, a former Uvalde school officer charged with child endangerment over his conduct during the 2022 Robb Elementary School shooting; prosecutors say he failed to act while the defence says he faced a chaotic scene and did what he could.

Magna Mining said it granted security-based compensation under its omnibus equity incentive plan, which shareholders approved on June 26, 2025; the plan is a rolling 10% program that authorizes options, restricted share units, performance share units and deferred share units.

Reports say President Trump has proposed taking control of Venezuela's oil sector and asking U.S. companies to rebuild it; experts and officials say the industry is in disrepair and would take years and large investment to restore.

OR Royalties reported 80,775 gold equivalent ounces for 2025, meeting its GEO delivery guidance, and announced record preliminary revenues of $277.4 million for the year.

Scotiabank chief executive Scott Thomson said rising U.S. influence and a more pro-business climate in parts of Latin America could support the bank's international growth strategy; the bank's overseas focus is on Mexico, Peru, Chile and Colombia and forms part of a turnaround plan launched in late 2023.

Canadian Prime Minister Mark Carney said in Paris that Washington's removal of Venezuelan President Nicolás Maduro over the weekend was "welcome news." He also said Canada is diversifying its markets and emphasized Ottawa's competitive energy product when asked about U.S. plans to tap into Venezuela's oil reserves.

Reporting from several U.S. states found many Trump voters praised the raid that captured Venezuelan leader Nicolás Maduro, while others expressed caution about potential costs and the risk of a longer conflict.

Air Transat pilots ratified a five-year collective agreement backdated to May 1, 2025 that will run through April 30, 2030, with 91% of voting pilots in favour; the vote follows a tentative deal reached in December that averted a planned strike.

Phase 3 HERIZON‑GEA‑01 reported that Ziihera plus tislelizumab and chemotherapy achieved a median overall survival of 26.4 months, and both Ziihera combinations improved progression‑free survival versus trastuzumab plus chemotherapy.

Hundreds of flights were canceled at major European hubs and rail and road travel was disrupted as a cold snap brought heavy snow; authorities warned conditions could worsen.

John Risley says the planned wind-to-green-hydrogen project in western Newfoundland will not proceed, and he now proposes a $16-billion subsea and overland transmission network to carry wind power from the Atlantic provinces to Hydro-Québec for possible export.

Global News reports that roughly 600 tourists are unable to leave Socotra after United Arab Emirates troops withdrew and air traffic at the island's main airport halted. Yemeni Airlines announced a flight to Jeddah scheduled for Jan. 7.

Como beat Pisa 3-0 away to move into fourth place, and coach Cesc Fabregas said the team must focus on growth and development rather than league position.

Ford reported U.S. sales rose 6% in 2025 to 2,204,124 vehicles, with hybrid sales up nearly 22% and strong demand for the compact Maverick truck. The company also announced a large writedown and changes to some electric-vehicle plans.

A city briefing note says Toronto received $8 million from six Taylor Swift shows in November 2024 while the federal and provincial governments collected $31.8 million combined; the city spent nearly $4 million providing services during the events.