Business

Investors increased holdings in gold and European defence stocks after U.S. President Trump's threats about Greenland and a surprise U.S. raid in Venezuela, while global markets remained near record highs.

Rising grocery prices — up 4.7% year over year in November, according to Statistics Canada — and weaker customer demand are putting pressure on Canadian restaurants, and Restaurants Canada reports 41% of outlets are operating at a loss or barely breaking even.

Fans of the TV series "Heated Rivalry" meet weekly at Joie de livres in Montreal for one-episode-a-week screenings and discussions; remaining screenings and a trivia night are reported as sold out.

Asian markets rose and the dollar slipped after the U.S. Justice Department issued grand jury subpoenas related to the Federal Reserve; Fed Chair Jerome Powell said the move reflected presidential pressure.

Artificial Intelligence Minister Evan Solomon says Canada is not considering a ban on X, and his office says discussions with allied governments and across Canadian departments are underway.

More than 250 members of Toronto's Iranian community marched along Yonge Street to Mel Lastman Square on Sunday in solidarity with protests in Iran, while a separate convoy travelled local highways; officials and Global Affairs Canada issued public statements and advisories.

Teva will present its Pivot to Growth transformation and 2025 financial outlook at the 44th J.P. Morgan Healthcare Conference, with CEO Richard Francis scheduled to speak. The company disclosed 2025 guidance ranges including revenues of $16.8–$17.0 billion and other non-GAAP metrics.

A pro-UAE Yemeni official told AFP that southern forces, including Emirati-backed separatists, would not accept unification under a Saudi-led coalition, and planned talks in Riyadh remain uncertain.

Teva and Royalty Pharma announced an agreement intended to accelerate development of Teva's anti‑IL‑15 antibody (TEV‑'408) for vitiligo. The press release includes forward‑looking statements and notes risks related to development, funding and execution.

A 55-year-old guard at a construction site near the 2026 Winter Olympics in Cortina d'Ampezzo died during an overnight shift, and organizers said emergency services reported a heart attack while authorities have opened an investigation.

An anonymous trader reportedly earned more than US$400,000 on Polymarket by betting Nicolás Maduro would be out of office, with many wagers placed hours before U.S. officials announced a raid that led to his capture; the timing has prompted concerns about possible insider trading and renewed regulatory scrutiny.

U.S. President Donald Trump said he aims to run Venezuela temporarily using the country's oil after Venezuelan President Nicolás Maduro was captured, and Rio Tinto and Glencore are in preliminary merger talks with a Feb. 5 deadline to declare an offer or not.

Canada and the United States say two preclearance projects will proceed this year, and the U.S. Embassy in Ottawa described preclearance in Canada as a "critical component" of its extended border strategy.

Walmart is rolling out Better Care Services, a digital platform that connects customers to a curated network of third‑party providers and links with LillyDirect for chronic care, and the retailer is lowering prices on more than 1,000 wellness-focused foods and supplements.

Dawson Creek extended its local state of emergency through Jan. 20 while officials report recent snowfall and increased river flow have improved the city’s short-term water outlook.

Alberta Premier Danielle Smith asked Prime Minister Mark Carney to shorten federal review timelines for major projects to six months, arguing two years is too long amid recent developments in Venezuela; the federal major projects office currently targets two-year regulatory reviews.

Environment Canada issued a special weather statement for Toronto and parts of the GTA, warning of a transition from snow or rain to freezing rain late Saturday with up to two millimetres of ice possible and conditions tapering off later in the evening or overnight.

The compliance firm PureWay has formed an alliance with the Pharmaceutical Product Stewardship Work Group (PPSWG) to improve nationwide pharmaceutical waste management. The initiative centers on collection and environmentally sound disposal of used medical sharps and expanded outreach to consumers and healthcare providers.

British Columbia Premier David Eby has begun a low‑key trade mission to India to deepen economic ties, while the federal government continues to manage lingering diplomatic issues from a 2023 rupture.

ABIOVE and major soy traders have begun withdrawing from the nearly 20-year soy moratorium, and Mato Grosso's change to tax incentives is cited as a key reason; environmental groups say the move could increase Amazon deforestation.

Police say a 20-year-old University of Toronto Scarborough student was fatally shot and a 28-year-old man has been charged; parole board documents show the accused previously had firearm-related convictions and was on day parole.

Ronja Savolainen says she has grown more confident in her second PWHL season while learning from veteran Jocelyn Larocque, and she scored in Ottawa’s 4-2 win over the Vancouver Goldeneyes.

The article reports that in 2025 policymakers, industry experts and the public agreed the Greater Toronto Area housing system is unsustainable, and industry group BILD called for tax relief on new homes and permanent cuts to municipal development charges; it also notes the federal Budget 2025 included a $12.2 billion housing-related infrastructure commitment.

Mitsubishi displayed the Delica Mini Active Camper concept at the 2026 Tokyo Auto Salon; the one-off kei-class microvan features raised suspension, four-wheel drive and a roof-mounted pop-up tent.

Prime Minister Mark Carney will visit China Jan. 13–17 and meet President Xi Jinping to discuss trade, energy, agriculture and international security. The trip is the first visit by a Canadian prime minister to China since 2017.

Eurasia Group warns Canada could be the country most affected by U.S. political turmoil in 2026, noting recent U.S. tariffs on steel, aluminum, automotive and lumber and saying trade uncertainty may affect the Canadian economy.

Reza Pahlavi, in exile in the United States for nearly 50 years, issued calls rebroadcast by Farsi-language outlets that helped spur major protests in Iran; he also urged further street action for Friday night.

Alberta Premier Danielle Smith asked Prime Minister Mark Carney to approve a one-million-barrel-per-day heavy oil pipeline to the Pacific coast by this fall and said Alberta will formally apply by June; the article reports a recent U.S. operation in Venezuela that officials say could alter heavy oil supply dynamics.

The Ontario government filed a lawsuit seeking $25.9 million, alleging Keel Digital Solutions provided false and misleading reports that led to improper payments; Keel denies the allegations and says it will file a counterclaim.

The article reports President Donald Trump has promised U.S. involvement to pour billions into Venezuela’s infrastructure and revive its oil sector, while many Venezuelans continue to face steep inflation, shortages and widespread poverty.