Business

Premier Scott Moe said Canada and China have reached a preliminary agreement to remove tariffs on canola meal and peas, and the changes are expected to take effect by March 1.

Toyota is showcasing its Mirai fuel cell electric vehicle in India, which uses onboard hydrogen to generate electricity and emits only water vapor; refueling is reported to take minutes at hydrogen pumps.

Exchange-traded funds drew large net inflows in 2025, with about US$1.5 trillion added in U.S. ETF assets (bringing U.S. ETF assets above US$13 trillion) and Canadian ETF inflows of $122 billion, a 62% increase from 2024.

Canada and China reached a preliminary agreement that would allow up to 49,000 Chinese electric vehicles into Canada at about a 6% tariff and ease Chinese duties on some Canadian canola, with tariff reductions for canola meal and seed reported to take effect March 1.

U.S.-listed ETFs drew about $1.4 trillion in inflows last year, while issuers launched more than 1,100 new ETFs, including auto-callable strategies, 2a-7 money market ETFs and multi-coin crypto products.

Amoéba won the SIVAL Innovation 2026 gold medal for its AXPERA biocontrol solution and, with partner Koppert, said it will market the product as TIAGAN pending marketing authorisations in nine European countries expected in the first half of 2026.

At the World Economic Forum in Davos, former prime minister Justin Trudeau spoke about Canada's use of 'soft power' while Katy Perry sat in the front row; he cited support for Ukraine and cultural influence as examples.

Vancouver-based Jetson raised US$50 million in a Series A led by Eclipse Capital to scale sales of its Jetson Air heat pump, and the company reports more than CAD 4 million in monthly revenue after its September launch.

An Oxfam Canada report says the 40 richest people in Canada saw their combined wealth rise by about C$95 billion between 2024 and 2025 and now exceeds the GDPs of several countries. The report also states the top one per cent hold nearly a quarter of Canada’s wealth while the bottom 40 per cent hold about three per cent.

At Davos, Prime Minister Mark Carney said Canada stands with Greenland and opposes the use of tariffs as leverage; he also urged middle powers to diversify to reduce vulnerability.

About 4,500 farmers and supporters gathered at the European Parliament in Strasbourg to protest the recently signed EU-Mercosur trade deal, and MEPs will vote on Wednesday on whether to refer the agreement to the Court of Justice of the European Union.

Almonty's shareholder letter says its Sangdong mine in South Korea is expected to supply over 80% of global non-China tungsten production at full capacity, and it notes existing operations in Portugal plus projects in the United States and Spain.

Erdene, a Canada-based company, confirmed production at the high-grade Bayan Khundii gold mine in Mongolia and noted that material information may be posted on its website.

Finance Minister François-Philippe Champagne said Canada will not pay a reported US$1-billion membership fee to join Donald Trump's 'Board of Peace', and a final decision on joining has not yet been made.

City councillors report Ontario now has about 85,000 people experiencing homelessness, a 50% rise since 2021, and note Toronto moved over 4,300 people from shelters into permanent homes last year while asking for sustained federal and provincial investment.

Prime Minister Mark Carney is reported to be at the World Economic Forum in Davos following visits to China and Qatar where the article says he made deals.

WHOOP is the founding chair of a newly established Massachusetts AI Coalition, an alliance of local technology, manufacturing and consumer companies that will share practical knowledge, host events and promote AI adoption across sectors.

Valentino Garavani died at his home in Rome at age 93, the Valentino Garavani and Giancarlo Giammetti Foundation announced; a public viewing and a funeral in Rome are scheduled this week.

DeepSeek's January 2025 release of a low-cost generative AI model is credited with energising investment and hiring across China's AI sector, and several startups and funds have reported larger funding rounds and deal flow since then.

The article reports the TSX was up 4.2% year-to-date as of Jan. 16, 2026, and highlights Fortis's long record of annual dividend increases alongside BCE's dividend reset in 2025.

A city report says Calgary’s capital infrastructure risk rose to extensive after a major water main rupture, and 11% of city assets are assessed as being in poor to very poor condition.

The U.S. Supreme Court will hear a case over President Trump's attempt to remove Federal Reserve Governor Lisa Cook, after a lower court left her in office pending appeal. The outcome could clarify how strictly the Federal Reserve Act protects governors from presidential removal.

Ontario trade minister Vic Fedeli called the preliminary Canada–China agreement that allows limited Chinese electric vehicle imports "a horrific mistake," while Prime Minister Mark Carney framed the pact as a preliminary trade breakthrough that also includes tariff relief for some Canadian farm exports.

Sibanye-Stillwater completed a multidisciplinary assessment of the Keliber lithium project and says construction, including cold commissioning, remains on track for completion in Q1 2026; the company estimates about €783 million is needed to finish the construction phase.

Canada has approved permanent residency for the brother and father of an Ottawa man whose wife and four children and a family friend were killed in a March 2024 attack. The two relatives are awaiting their permanent resident cards, and the brother plans to sponsor his wife and daughter after earlier visitor visa denials.

Air Transat announced a new loyalty program in partnership with Desjardins Group and Visa, planned for the second half of this year. More details will be released in the coming months.

Ontario Premier Doug Ford says he has not spoken with Prime Minister Mark Carney after a China agreement that reduces tariffs on up to 49,000 electric vehicles; Ford says he was not given advance notice and is concerned about impacts on Ontario's auto sector.

An Ontario Chamber of Commerce analysis finds the Bruce C Project would add more than $217 billion to Ontario's GDP over an 80-year lifespan and support about 18,900 full-time equivalent jobs annually during construction.

Gold and silver hit record highs after reported US tariff threats linked to Greenland, and 10% levies are reported to be due next month.

Investigators say technicians found a broken joint (fishplate) in the rails at the site of a Spanish high-speed train derailment that killed at least 39 people. Spain's rail accident commission has been tasked with the formal inquiry and the investigation is ongoing.