Business

Hanwha Ocean signed a binding memorandum of understanding to provide up to $345 million to Algoma Steel to develop a structural steel beam mill, and the agreement is contingent on South Korean firms winning Canada’s submarine contract.

Vanguard economist Kevin Khang says investor focus is moving from AI infrastructure toward firms that implement AI, and that broader AI adoption may raise productivity in Canada’s service-heavy economy while partly offsetting demographic pressures.

Prime Minister Mark Carney announced the Canada Groceries and Essentials Benefit to boost GST rebate payments this year and a package of funding for food supply and community food programs.

Orezone Gold announced the acquisition of the Casa Berardi gold mine in Canada. The company says the transaction is funded by a financing package with financial sponsorship from Franco-Nevada Corporation.

Prime Minister Mark Carney said Ottawa’s recent trade steps with China comply with CUSMA, and Canada has cut its tariff on Chinese-made electric vehicles to 6.1% with an annual cap of 49,000 vehicles.

Gold reached a record US$5,100 an ounce on Monday, and the article reports that shares of several gold and silver miners rose in morning trading.

The U.S. dollar has weakened recently as investors reassess U.S. policy moves and rising geopolitical risk, prompting a notable multi-day slide; Federal Reserve leadership changes and anticipated rate cuts are also cited as factors.

The AIR MILES Rewards Program will transition to Blue Rewards in summer 2026, and existing Miles will automatically convert to Blue Points with no loss of value; the publisher states 1,500 Blue Points will equal $10 toward e-giftcards and in-lane redemptions.

Prime Minister Mark Carney announced the Canada Groceries and Essentials Benefit to raise GST rebate payments for eligible low- and modest-income Canadians, and the government said it will provide funding to support food supply capacity and local food programs.

As Parliament reopens, the House leader urged Conservatives to support Prime Minister Mark Carney's affordability 'Carney plan', and the prime minister is set to announce an increase to the GST credit aimed at easing grocery costs.

Zijin Gold agreed to acquire Allied Gold for $5.5-billion in cash, paying $44 per share; the transaction will face Canadian national security and net benefit reviews.

The Zayed Sustainability Prize has opened its global submissions for the 2027 cycle. H.E. Dr. Sultan Ahmed Al Jaber said the prize is guided by Sheikh Zayed's humanitarian values and champions innovation, including community-led approaches and AI, to deliver measurable impact and reach the most vulnerable.

The Federal Reserve is under political pressure, but markets and policymakers expect a pause at this week's FOMC meeting; the Supreme Court recently warned that moves to remove a governor could weaken Fed independence.

Nvidia invested US$2-billion in CoreWeave at US$87.20 per share, nearly doubling its stake, the article reports. The funding is intended to help CoreWeave speed procurement of land and power as it aims to build more than 5 gigawatts of AI data-centre capacity by 2030.

India's High Commissioner said Prime Minister Mark Carney will likely visit India in the first week of March and is expected to sign agreements on energy, minerals and technology; formal negotiations on a Comprehensive Economic Partnership Agreement are also expected to begin in March.

A major winter storm prompted widespread school and service closures across the Greater Toronto and Hamilton Area on Monday; multiple school boards and postsecondary institutions reported full closures or delayed openings, and some secondary exams were postponed or rescheduled.

Titan Mining's release outlines plans for the Kilbourne natural graphite project and highlights a targeted 40,000-tonne-per-year profile; it also notes an expected update on a $120 million letter of interest with EXIM and lists a range of risks and assumptions.

Canadian ETFs manage about $739 billion in assets, and discretionary active ETFs represent roughly 32.6% of Canadian ETF AUM.

A 1781–82 avalanche near Nain, Newfoundland and Labrador buried an Inuit winter house and left nine survivors out of 31, and Avalanche Canada's new online database now lists 1,064 known avalanche incidents in Canada.

Parti Québécois leader Paul St‑Pierre Plamondon told a convention that the referendum campaign for Quebec independence is already underway and blamed Prime Minister Mark Carney's recent remarks for effectively launching the federalist 'No' campaign.

Several Minnesota sports teams, the National Basketball Players Association and dozens of local companies signed an open letter urging de‑escalation and cooperation after two people were fatally shot during a federal immigration enforcement operation; the state and Twin Cities also filed a lawsuit asking a federal judge to halt the operation.

President Trump said on social media he would impose a 100% tariff on Canadian goods if Canada became a "drop off port" for Chinese exports. The article reports Canada will not back down on its trade pivot as the energy minister heads to India.

Since taking office, Prime Minister Mark Carney has travelled to several countries to pursue trade and investment, and his office said he accepted an invitation to attend an artificial intelligence summit in New Delhi on Feb. 19-20, 2026.

Canada selected six athletes for its Olympic luge team, five of them first-time Olympians, and Trinity Ellis will return for a second Games.

Prime Minister Mark Carney visited France, China, Qatar and Switzerland in January and his office says he accepted an invitation to India for an artificial intelligence summit in early 2026.

Prime Minister Mark Carney and Conservative Leader Pierre Poilievre are entering periods that may shape their political futures as Parliament prepares to return; Liberals' polling is roughly unchanged since last year's election and Carney's personal approval remains strong after a well-received speech in Davos.

Daily blackouts after attacks on power infrastructure are leaving many Kyiv residents, particularly those in high-rise buildings and people with limited mobility, without regular heat, elevators or reliable electricity.

Canada's craft brewers report rising costs from inflation, U.S. aluminum tariffs and higher taxes while many customers are drinking less; some breweries are adapting with non-alcoholic options and selective expansion even as the national brewery count dipped in 2025.

BC Hydro opened a 10‑charger EV hub at the Vernon and District Performing Arts Centre, including two 180 kW fast chargers and six Level 2 chargers.

A winter storm warning is in effect for Toronto and the GTA, with Environment Canada forecasting 15 to 30 cm of snow starting early Sunday and gusty winds possible.