Business

Peter Mandelson resigned his Labour Party membership and denied allegations after documents released in the U.S. Justice Department's Epstein inquiry included messages and bank records reported to show payments linked to Jeffrey Epstein; Mandelson said he will investigate.

Draganfly says it was selected to provide Flex FPV drones and related training to U.S. Air Force Special Operations Command units, in partnership with DelMar Aerospace. The company release includes forward‑looking statements and lists risks and uncertainties that could affect future results.

Disney reported US$26 billion in revenue for its fiscal first quarter, with the parks, cruises and consumer products unit generating US$10 billion and supplying most of the quarter's operating profit.

U.S. strikes on suspected drug vessels have prompted traffickers to change routes and transport methods, with reports of increased violence and displacement in affected Colombian regions. Colombian President Gustavo Petro was due to meet U.S. President Donald Trump with bilateral drug control on the agenda.

Prime broker reports and industry sources say demand for North America-focused hedge fund strategies fell over the past year, while allocations to Asia and Europe increased.

Two housing advocates argue for a Canada Housing Accord to align federal, provincial and municipal action; unsheltered homelessness is reported as up about 300% since 2018, according to a national point-in-time count.

Heavy rains and landslides at the Rubaya coltan site in eastern Democratic Republic of the Congo have killed at least 200 people, and Congo's government says profits from the unregulated coltan trade are financing the Rwanda-linked M23 militia.

The federal Conservatives concluded a three-day convention in Calgary where leader Pierre Poilievre won 87% support in a mandatory leadership review; recent polling shows the Conservatives trailing the Liberals by four points while Prime Minister Mark Carney leads Poilievre by 28 points as preferred prime minister.

A Federal Court of Appeal ruling lets Ottawa keep the toxic designation for manufactured plastic items, preserving a ban on six single-use plastics. Environmental groups are urging the government to expand the ban to include takeout cups, lids and bottles and to consider reuse or deposit-return systems.

Housing Minister Gregor Robertson says the federal Build Canada Homes agency is working to attract Canadian banks, pension funds and developers to finance affordable and mixed housing projects; the agency launched with $13 billion and has received about 450 applications.

President Donald Trump said he would impose 50 per cent tariffs on Canadian-made aircraft until Canada certifies certain Gulfstream jets, and the Bank of Canada held its policy rate at 2.25 per cent.

Rescue crews evacuated stranded residents and carried four sheep to safety after rising floodwaters prompted a local state of emergency in the Comox Valley.

Canada is entering a renegotiation of the USMCA, which could affect trade with the United States; exports to the U.S. account for about one-quarter of Canadian GDP, and one model estimates GDP could be roughly 1.8% below baseline within a year if the agreement collapsed.

Inniskillin and other Niagara-on-the-Lake producers are promoting icewine's versatility through tastings, festivals and food pairings; most Canadian icewine comes from the region and grape allocations for icewine rose to 2,853 tonnes this year.

Canadian Energy Metals announced Project Thor and reported a preliminary assessment estimating 6.8 billion tonnes of alumina in ore near Tisdale, Saskatchewan; the company plans a pre-feasibility study and to design a demonstration plant in 2026.

Michael Ignatieff argues that Canada–U.S. relations have shifted after Prime Minister Carney's Davos speech and that Canada must choose whether to pursue trade diversification and a 'middle power' strategy to protect its economic sovereignty.

Canada's unemployment rate is reported at 6.8 per cent with youth joblessness elevated, and studies cited in the article find little evidence so far that AI adoption is driving large-scale layoffs.

Kremlin envoy Kirill Dmitriev will meet US officials in Miami, and Russian officials reported they may need up to 1.2 trillion rubles to cover possible additional war-related spending this year.

U.S. Treasury Secretary Scott Bessent criticised Mark Carney's Davos speech ahead of CUSMA negotiations, while some Canadian and international figures defended the speech as morally clear.

Canadian Energy Metals reports a preliminary assessment indicating about 6.8 billion tonnes of alumina near Tisdale, and says more work including a demonstration plant is needed before deciding on the reported $6.3‑billion Project Thor.

The Federal Court of Appeal dismissed Mowi Canada West's challenge and upheld the government's refusal to renew aquaculture licences in the Discovery Islands, reaffirming a 2024 Federal Court ruling; the decision supports the ongoing phase-out of open-net pen salmon farms in the region.

Officials say a collapse at the Rubaya coltan mine in eastern Democratic Republic of Congo killed more than 200 people and left several others injured; the precise toll remained unclear as of Friday.

Kelowna announced a citywide CCTV registry and a Security Enhancement Rebate for businesses; some owners say the proposals mirror earlier initiatives and want clearer details.

President Trump posted a social media message saying he would “decertify” Canadian-made aircraft and impose a 50% tariff unless Transport Canada approves certain Gulfstream models; experts and officials say aircraft certification is normally handled by regulators such as the FAA and Transport Canada and have expressed doubt the president can unilaterally decertify planes.

Starbucks will launch a redesigned Starbucks Rewards program on March 10 with three tiers — Green, Gold and Reserve — covering more than 38 million active members across North America.

The U.S. trade deficit increased in November as imports rose; exports fell to $292.1 billion and the inflation-adjusted merchandise deficit widened to $87.1 billion.

Hyundai told CBC it is reviewing opportunities to work with Canada's hydrogen energy sector following a recent Canada–South Korea memorandum, and said it has no current plans to open an auto plant in Canada.

Police in Saint John say at least 12 residents of the Loch Lomond Villa have been reported as victims of sexual offences, and investigators have identified a suspect who is not a resident or employee; no arrests have been made and the investigation is ongoing.

Visa shares fell earlier in the session even though the company beat earnings and revenue expectations; the firm reiterated 2026 guidance while flagging a moderation in near-term growth.

British Columbia will run a competitive selection process for AI and data centre projects to allocate up to 400 megawatts of power over a two-year period; applications open March 18 and existing projects in development are exempt.