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→ NewsEuropean crisis fund could be used for defence, ESM chief says
The head of the European Stability Mechanism said the ESM's more than €430 billion reserve could provide credit lines for defence to euro-area members, and that any loans would need approval by the euro-zone nations backing the fund.
US allies are resetting relations with China amid Trump pressure
Several Western leaders, including Canada’s prime minister and the UK’s prime minister, have recently visited Beijing and reached trade and cooperation agreements. Some U.S. officials have publicly warned these moves could complicate unity with Washington.
Trump threatens 50% tariff on Canadian planes sold in U.S.
President Trump posted that he is decertifying Canadian-made aircraft and threatened a 50 per cent tariff on Canadian planes sold in the United States; Canadian regulators and experts say they are reviewing Gulfstream paperwork and have not decertified the jets.
Saskatchewan aluminum deposit possible game changer for supply chain
Canadian Energy Metals' Preliminary Economic Assessment reports the Thor Project in east-central Saskatchewan contains very large alumina resources and outlines a surface-mining plan targeting 1.8 million tonnes of alumina per year over 25 years.
Federal Court of Appeal says plastic ban decision is reasonable
The Federal Court of Appeal unanimously overturned a 2023 lower court ruling and found the federal government's designation of 'plastic manufactured items' as toxic to be reasonable, allowing Ottawa to keep its ban covering six types of single-use plastics.
U.S. producer prices rise by most in five months in December
The Producer Price Index rose 0.5% in December, the largest monthly gain since July, driven mainly by a 0.7% increase in services while goods prices were unchanged.
B.C. islanders face weeks without vehicle bridge after tug strike
A tugboat struck the 113-year-old bridge to Westham Island on Jan. 20, leaving it unsafe for vehicles and prompting temporary crossings and services while TransLink says repairs will take several weeks.
Chinese electric vehicles divide Canadians, poll finds
A reader poll found about 46% said they would not buy Chinese-made EVs while roughly 41% said they would; the article reports Canada agreed to allow up to 49,000 Chinese EVs into the country at a 6.1% tariff as part of a trade deal.
Chevron reports quarterly profit above estimates and eyes Venezuela investments
Chevron's Q4 adjusted earnings were US$1.52 per share, above LSEG estimates, and the company said it is evaluating further investment in Venezuela, where it currently produces about 250,000 barrels of oil equivalent per day.
Large nuclear reactors being considered for use in Saskatchewan
The Saskatchewan government says it will work with SaskPower to formally evaluate large nuclear reactor technologies, with that selection process to run in parallel with an existing small modular reactor (SMR) project. SaskPower expects a site for the province's first SMR near Estevan later this year and says a large reactor could take 15 to 20 years to bring online.
Preparing for emergencies in retirement requires balancing financial risk and quality of life.
Sudden health events or care needs can push Canadian seniors and their families into financial strain; a U.S. study cited in the article found about 58% of seniors have enough cash to cover a year of emergency expenses, and researchers estimate retirees need roughly 10% of annual income set aside for emergencies.
Canada could raise real GDP about 7% by removing internal trade barriers
The IMF says fully eliminating Canada's internal trade barriers could boost real GDP by roughly 7% (about $210 billion) over the long run, with most gains coming from liberalizing services, which account for the bulk of interprovincial trade.
More than a dozen Canadian companies have done business with ICE, Star analysis finds
A Star analysis of U.S. procurement records found more than a dozen Canadian companies, including Thomson Reuters and GardaWorld, have contracts with U.S. Immigration and Customs Enforcement; human rights groups and some politicians have raised concerns about those ties.
Red Wings' Kane becomes highest-scoring American-born NHL player
Kane passed Modano to become the highest-scoring American-born player in NHL history, a milestone that follows his recent achievement of 500 career goals.
FireFly advances economic studies as copper outlook strengthens
FireFly reported a material Mineral Resource upgrade at its Green Bay project, with Measured and Indicated resources now 50.4Mt at 2.0% CuEq and Inferred at 29.3Mt at 2.5% CuEq, and has begun economic studies including a Preliminary Economic Assessment due in H1 2026.
B.C.'s forestry industry warns of trees lost to forest fires
Industry groups say recent wildfires have destroyed large areas of B.C.'s forests and that reforestation funding is uncertain as a federal planting program ends.
Apple quarterly sales and profit beat Wall Street estimates on strong iPhone demand
Apple reported fiscal Q1 revenue of US$143.8 billion and EPS of US$2.84, driven by iPhone revenue of US$85.27 billion amid rising demand and a rebound in China.
Venezuela's acting president signs oil industry overhaul to ease state control
Acting President Delcy Rodríguez signed a law opening Venezuela's oil sector to private control, reversing a two-decade state-centered policy; the signing coincided with U.S. steps to ease oil sanctions and expand access for U.S. energy firms.
Canadian unity has limited common ground among its opponents, columnist says
A Toronto Star column reports that U.S. actors, Quebec sovereigntists and Alberta separatists are, in different ways, calling for the breakup of Canada, and premiers met with Prime Minister Mark Carney in Ottawa this week to discuss those threats.
Danielle Smith narrows Alberta oil pipeline options, potentially complicating route to B.C. coast
Alberta Premier Danielle Smith said Kitimat is no longer being considered for a proposed oil pipeline to the B.C. coast, and the province's description of a preferred port more closely aligns with Prince Rupert.
Heated Rivalry creators defend Online Streaming Act at Ottawa conference
Creators of the hit show Heated Rivalry publicly supported the Online Streaming Act at a media production conference in Ottawa, arguing the five per cent contribution for large foreign platforms is reasonable. The event unfolded as some global streamers are challenging contribution and disclosure rules in federal court and U.S. trade officials have raised concerns.
Bank of Canada rate hold suggests possible future cut
The Bank of Canada kept its policy rate at 2.25% and said it expects modest growth while flagging trade and geopolitical uncertainty; economists noted a more dovish tone and said a rate cut could follow an economic shock.
Kelowna credit card scam reported in phone calls
Kelowna RCMP said multiple people were contacted by callers claiming to represent a major Canadian bank and told a credit card had been opened and used on a Russian-based firearms website. The callers reportedly asked victims to join video calls with people presented as police and to provide identity documents; none of the reported victims said they paid money.
Household income, saving and wealth distributions in Canada rose unevenly in Q3 2025.
Statistics Canada reports the income gap widened to 47.5 percentage points in Q3 2025 while overall household net worth rose 5.5% year-over-year, driven by financial asset gains.
Carney's new GST rebate draws praise and questions
The federal government boosted the GST credit by 25% for five years, with a 50% increase in the first year, and paired the change with structural measures aimed at food production and competition; commentators welcomed its targeting but raised questions about the five-year timeline.
Canadians could soon receive extra payments to offset grocery costs
Prime Minister Mark Carney announced the Canada Groceries and Essentials Benefit, which includes a one-time top-up this spring and a 25% increase to the benefit starting July 2026, both measures subject to Royal Assent.
Canada Post and union finalize contractual language in tentative deals
Canada Post and the Canadian Union of Postal Workers say they have finalized outstanding contractual language in tentative agreements reached last month. The union says the language relates to the short-term disability program and personal days.
Richard Orrell's top ETF picks for Jan. 29, 2026
Richard Orrell highlights three exchange-traded funds amid a 'goldilocks' start to 2026 with contained volatility, and he flags labour-market developments and credit spreads as key risks.
BRP CEO says Ski-Doo maker's future lies overseas amid trade uncertainty
Departing BRP CEO José Boisjoli says the company will pursue growth overseas while a named successor prepares to take over, and uncertainty over the North American trade pact is a prominent concern.
Blue Jays run lifts Rogers profit and company plans to buy remaining MLSE stake
Rogers reported higher fourth-quarter profit and doubled media revenue after the Blue Jays' World Series run, and company executives said they plan to buy the remaining 25% stake in Maple Leaf Sports & Entertainment.
