Business

Iran sent a warship to a BRICS naval exercise off Cape Town despite requests to withdraw; South Africa briefly confirmed participation on social media then deleted the notice, and a media briefing is scheduled for Friday.

Alto CEO Martin Imbleau said the Montreal–Ottawa segment is expected to begin construction in 2029 or 2030, and the eastern and western stretches are likely to start about two years later, around 2032.

Ming Pao will publish its final Vancouver and Toronto print editions on Jan. 16 and its Canadian newsrooms are set to close on Jan. 31; staff were given layoff notices and a B.C. legislator described the paper as a lifeline for Chinese-speaking communities.

President Trump told reporters he believes the United States does not need products from Canada and described the continental trade pact CUSMA as 'irrelevant'; Canada and Mexico are preparing for a mandatory review of the agreement this year.

The Justice Department served subpoenas tied to Federal Reserve building renovations and Chair Jerome Powell publicly called the action a pretext to pressure the Fed; markets showed modest reactions including a softer dollar and higher gold.

Premier Wab Kinew toured the Diageo Crown Royal distillery in Gimli and met with workers and company representatives. He announced a Diageo-funded plan to replace natural gas boilers with electric systems and a 20-kilometre Manitoba Hydro transmission line expected to be completed in 2027.

Sofia Ismael scored three goals as Canada defeated Sweden 9-2 at the U18 women's world championship in Membertou, Nova Scotia; Canada finished first in Group A and will face Finland in Thursday's quarterfinals.

Alberta Premier Danielle Smith urged Prime Minister Mark Carney to speed approval of a proposed pipeline, warning that Venezuelan oil could take market share; the columnist notes Venezuela's production and infrastructure problems make large-scale competition unlikely.

Some communications were restored and the Associated Press reached witnesses in Tehran who described protests and a strong security presence; state media broadcast a statement from Supreme Leader Ayatollah Ali Khamenei praising pro-government demonstrations.

Laura Gover-Basar was found dead on Jan. 5 and a man has been arrested and charged with murder; the suspect is scheduled to appear in court on Jan. 21.

Prime Minister Mark Carney will meet Coastal First Nations in British Columbia to discuss planned natural resource projects, Indigenous participation and marine conservation. The meeting follows concern from B.C. First Nations after an Alberta–Ottawa energy accord that raised pipeline and tanker issues.

Greenridge Exploration said it has arranged for RMK to provide investor relations and marketing services under an agreement and included standard forward-looking statements and risk disclosures under Canadian securities laws.

Cameron Smith told reporters he will not rejoin the PGA Tour under the Returning Member Program and will remain on LIV; Brooks Koepka accepted the PGA Tour offer earlier.

Justice Sheilah Martin will retire from the Supreme Court of Canada effective May 30, and she was appointed to the court in 2017.

Oil prices rose to about US$66 as protests in Iran intensified and an Iranian official reported about 2,000 deaths; U.S. President Donald Trump posted that U.S. help was ready and the next action is undetermined at this time.

Ontario has designated Canada Nickel's Crawford project for provincial regulatory streamlining, while the company still faces a multi-hundred-million-dollar funding gap for mine construction.

President Trump said the USMCA trade pact is "irrelevant" for the United States while touring a Ford Motor factory and urged companies to bring manufacturing back; the agreement is scheduled for a joint review this year.

Donald Trump announced a 25% tariff on countries that trade with Iran and urged protesters to continue, while the U.S.-based Human Rights Activists News Agency reported more than 2,000 deaths during recent unrest.

Rio Tinto has engaged JPMorgan, Evercore and Macquarie to advise on a potential acquisition of Glencore, sources told Reuters; Glencore has not formally retained an adviser, the report said.

The federal government will give Peel Regional Police up to $1 million to support extortion investigations and victim services, and will provide $4 million over four years for a Regional Integrated Drug Enforcement Team in partnership with Ontario and local authorities.

Prime Minister Carney met with elected and hereditary leaders in Prince Rupert to discuss resource development and ocean protection, and the nations, joined by the B.C. government, said they will oppose lifting the north coast oil tanker ban.

Anthony Pellegrino of Goldstone Financial Group says a rising account balance or portfolio is not the same as a complete retirement plan and emphasizes that retirement readiness involves income, taxes, healthcare, longevity and behavioral factors.

McDonald's Canada said it will cut McValue meals from $6 to $5 and keep a small coffee at $1 for at least one year, citing scale with suppliers and franchisee support. The company said menu items and portion sizes on the McValue menu will remain unchanged.

JPMorgan Chase reported $13.0 billion in fourth-quarter profit, down 7% from a year earlier, while revenues rose 7% to $45.8 billion; CEO Jamie Dimon defended Federal Reserve Chair Jerome Powell and cited geopolitical and inflation risks.

Spot silver reached a record $89.05 an ounce and is about 12% higher year-to-date, after finishing 2025 with roughly a 140% gain.

The Bank of Canada co‑signed a joint statement supporting Federal Reserve chair Jerome Powell after Powell said the U.S. Department of Justice has opened a criminal investigation; the letter stressed the importance of preserving central bank independence.

Spot gold rose to $4,633.86 an ounce as U.S. CPI came in below expectations, lifting market bets on potential Federal Reserve rate cuts and continuing a rally that began amid debate over Fed independence.

Halifax regional council will consider a staff recommendation to bring ride-hailing rules in line with taxi and limousine regulations, including municipal access to driver background-check results; Uber has opposed the proposal, saying it would add fees and slow onboarding.

A new site, webelongtogether.co, shows a moving image of fans from Styles's Reggio Emilia 2023 show and is copyrighted to Sony Music; clicking the page links to an HSHQ signup and matching images have appeared on European digital billboards.

Donald Trump will attend this year’s World Economic Forum in Davos, where organisers say the theme is ‘A Spirit of Dialogue’, and the United States will send an unusually large delegation.