Business

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.

German builder TKMS has signed a teaming agreement with Seaspan Shipyards to support and maintain potential future patrol submarines for Canada; the pact is conditional on TKMS winning a federal contract to supply the Royal Canadian Navy.

Gold hovered near US$5,100 after an all-time high and silver also hit fresh records as safe-haven demand rose; market attention is on a Federal Reserve meeting this week expected to hold rates steady.

Tesla reported annual net income fell 46% to $3.8 billion, its lowest since the pandemic, and said it will more than double capital spending to about $20 billion to fund AI and robot projects.

Statistics Canada reported a goods trade deficit of $2.2 billion in November, up from a revised $395 million in October, as merchandise exports declined, led by a 24.4% drop in metals and non‑metallic products.

The Globe editorial says internal trade barriers act like a 9% tariff and that removing them could add about $210 billion to Canada’s economy; premiers have so far been reluctant to take the political steps the editorial calls for.

The Bank of Canada and the U.S. Federal Reserve are both expected to keep policy rates unchanged on Wednesday; the BoC points to muted growth and cooling core inflation while the Fed faces political pressure and mixed U.S. data.

Copper jumped to an LME record above $14,000 a tonne after an almost 8% one-day rise, with traders citing speculative buying, a weaker dollar and demand hopes even as physical demand indicators in China remained weak.

Heineken's Fans Have More Friends platform ran a New York social experiment demonstrating how shared fandom can create real-world connections; the announcement says the platform unites Heineken sponsorships to build communities around major cultural moments.

World stocks rose on optimism about corporate earnings ahead of Apple's results, while gold climbed to record highs and oil prices gained amid U.S.-Iran tensions.

Canada says it is open to a deal to bring news back to Meta's platforms after Meta removed news in response to the 2023 Online News Act.

Premiers David Eby and Danielle Smith met Prime Minister Mark Carney in Ottawa to discuss a proposed pipeline from Alberta’s oilsands to a west-coast export terminal; Eby called the meeting 'borderline friendly' and reiterated concerns about spills and First Nations opposition.

B.C. Premier David Eby said officials from B.C., Alberta, Manitoba and Ontario will meet in Surrey within two weeks to coordinate on ongoing extortion cases, and Prime Minister Mark Carney agreed to provide additional federal resources for the RCMP in B.C.

A Beechcraft 1900 operated by state-run Satena crashed in northeast Colombia, killing all 15 people on board, including a local lawmaker; air traffic control lost contact 12 minutes after takeoff.

The Saskatchewan government and SaskPower have formally launched a technology selection process to evaluate large-scale nuclear reactors while continuing work on small modular reactors (SMRs); SaskPower expects its first SMR project near Estevan later this year.

Statistics Canada projects Alberta could reach about 7.2 million by 2050 and surpass British Columbia to become the third-largest province; it also projects Canada's population could top 57 million by 2075.

The U.S. Federal Reserve voted 10-2 to keep its benchmark rate at 3.50–3.75%, citing still-elevated inflation alongside solid economic growth.

The Bank of Canada left its policy rate at 2.25% and said monetary policy cannot fully offset structural harm from U.S. tariffs; it signalled modest growth ahead with heightened uncertainty and said it is prepared to adjust policy if conditions change.

Direct tourism spending reached $9.1 billion in 2025, generating nearly $13.5 billion in economic impact, and international arrivals rose 8% to 1.4 million visitors.

Air Canada announced two non-stop flights from Calgary to Cancun and Puerto Vallarta beginning in December 2026. Tickets for the services are on sale now.

The FIFA World Cup Trophy will visit seven Canadian cities from April 9 to May 26 as part of a 75-stop global tour; the 48-team World Cup runs June 11 to July 19.

Bank of Canada Governor Tiff Macklem said a loss of independence at the U.S. Federal Reserve would affect Canadian financial markets because the two economies are closely integrated. He said it is hard to predict the exact implications and described Fed independence as beneficial for both Americans and Canadians.

The Bank of Canada will announce its first policy rate decision of 2026 on Jan. 28 after recent data showed mixed signals, including December consumer inflation at 2.4% and a rise in unemployment to 6.8%.

The Financial Times reported SpaceX is weighing a mid-June IPO to raise up to US$50 billion at a roughly US$1.5-trillion valuation; Reuters could not verify the report and SpaceX did not comment.

Steadman Philippon Research Institute and Vail Health have signed a new five-year agreement renewing their research partnership, building on a decade-long collaboration that began in 2015 and supported work in regenerative medicine as well as studies in cancer and behavioral health.

The Bank of Canada kept its policy interest rate at 2.25% for a second meeting, saying the economic outlook is little changed from the October Monetary Policy Report while risks from U.S. trade policy and geopolitical tensions are elevated.

ASML reported record fourth-quarter orders driven by demand from AI chipmakers and raised its 2026 sales outlook. The company announced 1,700 management job cuts as part of a broader reorganisation.

Several cafés in Edmonton import Yemeni coffee beans to recreate traditional flavours for the city’s Arab community, while sourcing remains inconsistent because ongoing conflict in Yemen has disrupted exports.

Dan Richards, a Rotman School instructor, describes three lessons from integrating AI into business courses: AI accelerates learning, is improving rapidly, and works best when combined with students' own work.

Skeena Gold & Silver received the British Columbia Mines Act permit for its 100%-owned Eskay Creek project; the Environmental Management Act permit remains under review and is expected in February, with initial production anticipated in the second quarter of 2027.