What the newsrooms are covering

US Inflation Rises Before Midterms

As of October 14, 2026, inflation increased to 3.7% year-over-year, up from 3.4% in August, according to the Bureau of Labor Statistics' latest Consumer Price Index report. This rise is primarily attributed to a significant surge in gas…

Nobel Economics Prize 2026

Robert Hall from Stanford University and Michael Woodford from Columbia University have been awarded the 2026 Nobel Prize in Economics "for microeconomic foundations of macroeconomic stabilisation," announced by the Royal Swedish Academy…

IMF World Economic Forecasts And Risks

The recent International Monetary Fund (IMF) meeting in Bangkok highlighted several critical issues affecting global economies, with a particular focus on risks associated with artificial intelligence and debt. The overarching theme was…

Fed Interest Rate Hike Speculations

On October 16, 2026, Federal Reserve Chairman Kevin Warsh spoke at an economic conference in Bangkok, where he avoided giving any signals about upcoming interest rate decisions for the U.S. central bank's meetings in October and December…

Stelco Layoffs And Tariffs

As of October 14, 2026, Ottawa is considering legal action against Stelco, an American-owned steelmaker operating in Hamilton, Ontario. The federal Industry Minister, Mélanie Joly, warned Stelco to honor its employment commitments made…

Canada India Trade Partnerships

Hitachi Factory Plan

Hitachi Energy, along with the federal and Ontario governments, have announced a $479-million plan to build a new transformer insulation factory in London, Ont. The facility will be completed by the end of 2028 and will be the first in…

Quebec Real Estate Board Violation

The Competition Bureau has reached a settlement with Quebec’s real estate industry association, the Quebec Professional Association of Real Estate Brokers (QPAREB), to loosen data-sharing restrictions that violated the Competition Act. The…

Alberta Business Leaders Silent On Separation

The silence from many Alberta business leaders regarding the upcoming provincial referendum on whether to remain in Canada or move toward a binding separation is unsurprising, according to Richard Leblanc, a governance expert at York…

Crypto King Testimony

Real estate developer Sacha Singh testified in Toronto at Aiden Pleterski's fraud trial, where he described giving Pleterski, dubbed the "Crypto King," more than $4.5 million over 10 months starting from April 2021. Singh met Pleterski in…

IMF And World Bank Protests In Bangkok

Us Tariff On Canadian Softwood Lumber

China Trade Surplus Increases

As of October 14, 2026, China reported a significant surge in exports, with a 36.3% increase in September compared to the same period last year, reaching $447.18 billion and surpassing August's growth rate of 25%. This marks the largest…

Everwind's Ten Billion Dollar Investment

EverWind announced on October 16, 2026, plans to invest over $10 billion in Nova Scotia, marking the largest private investment in the province's history. The project includes developing a data centre campus at Point Tupper and expanding…

Ontario Imports Us Power

Ontario has signed a 600-megawatt contract with New York state to import electricity starting November 1, compensating for maintenance at its Pickering nuclear plant that began in September. The Independent Electricity System Operator…

Golconda Gold Q3 Production Update

On October 15, 2026, Golconda Gold Ltd. announced record quarterly production of 4,301 ounces of gold for the third quarter of 2026 at its Galaxy Gold Mine, marking an 18% increase from Q2 and a 20% rise compared to Q3 in the previous…

Canadian Business Developments

Roots Corp., a well-known Canadian lifestyle and apparel brand, will hold a shareholder vote on Tuesday to decide whether the company should be privatized by Marquee Brands, an American firm known for managing brands like Martha Stewart…

Stelco Layoffs Legal Challenge

Industry Minister Melanie Joly announced on October 16, 2026, that a resolution to the standoff between the federal government and Stelco over job cuts would occur within days. Stelco had previously declared plans to concentrate its steel…

Air Canada And United Joint Venture Deal

Air Canada announced on October 16, 2026, that it has renewed and expanded its joint venture agreement with United Airlines for flights between Canada and the United States. The Montreal-based airline stated that the partnership continues…

Air Canada U.s. Routes Expansion

Air Canada has announced plans to expand its connectivity with the United States in summer 2027 through new transborder routes under a renewed Transborder Joint Business Agreement with United Airlines. The agreement, subject to regulatory…

Toyota Commitment To Canada Manufacturing

Toyota Motor Corp. is committed to manufacturing cars in Canada, despite U.S. rivals reducing production there and Chinese competitors expanding their market presence. Starting in December, Toyota's latest compact crossover will be…

S&P Tslx Composite Rises

As of late morning trading on October 16, 2026, Canada’s main stock index, the S&P/TSX composite, rose more than 100 points to reach 36,271.61, bolstered by gains in energy and base metal sectors. In contrast, U.S. markets were mixed: the…

Tesla Import Quota Dispute

Tesla has paused orders for its Model 3 Premium sedan made in China due to high demand using up the company's import quota according to a banner on Tesla’s Canadian website. However, statistics from Canada's federal government show that…

IEA Oil Release Announcement

The International Energy Agency (IEA) announced on October 16, 2026, that it will release 20 million barrels of diesel "as soon as possible" into the global market to ease pressure on fuel costs. The move follows a series of releases…