Business

A man walks past a building in Toronto that used to house the Toronto Stock Exchange on Thursday, Aug. 18 2011. THE CANADIAN PRESS/Aaron Vincent Elkaim

Five things to watch for in the Canadian business world in the coming week

The Canadian Press 2 minute read Sunday, Jun. 28, 2026

TORONTO - Five things to watch for in the Canadian business world in the coming week:

Holiday trading

It's an abbreviated trading week for stock markets this week. The Toronto Stock Exchange will be closed for trading on Wednesday for the Canada Day holiday, while stock markets in the U.S. will be closed on Friday in observance of the July Fourth holiday which lands on a Saturday this year.

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A firefighter works beside a TBM 8 single-engine aircraft, which was en route to Brandon, Man., where it came to a stop in a ditch after the pilot made an emergency landing along Highway 45 near Sandy Lake, Man., in a June 25, 2026, police handout image. THE CANADIAN PRESS/Handout - RCMP (Mandatory Credit)

Plane makes emergency landing on Manitoba highway, one person injured

The Canadian Press 1 minute read Preview

Plane makes emergency landing on Manitoba highway, one person injured

The Canadian Press 1 minute read Friday, Jun. 26, 2026

SANDY LAKE - RCMP say one person has been taken to hospital after a small passenger plane made an emergency landing on a highway in Manitoba.

They say the single-engine plane was carrying four people and was headed to Brandon from The Pas on Thursday evening.

The pilot made the landing on Highway 45 near Sandy Lake, about 270 kilometres northwest of Winnipeg.

Police say the plane came to a stop in a ditch, and one person was taken to hospital with minor injuries.

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Friday, Jun. 26, 2026

Business

In this combination photo, Kevin Hart attends the

Hollywood gets into the microdrama race as mobile-first storytelling draws stars and major studios

Jonathan Landrum Jr., The Associated Press 6 minute read Preview

Hollywood gets into the microdrama race as mobile-first storytelling draws stars and major studios

Jonathan Landrum Jr., The Associated Press 6 minute read Thursday, Jun. 25, 2026

LOS ANGELES (AP) — While much of Hollywood was consumed by the streaming wars, Issa Rae was studying a different mode of entertainment thousands of miles away: microdramas.

No stranger to creating a successful online series, the Emmy-nominated actor and producer became intrigued by China's booming market for the short, mobile-first soap operas, seeing its potential to build audiences and intellectual property.

In May, Rae's Hoorae Media released the thriller “Screen Time,” one of the first major studio-quality microdrama projects developed by an established Hollywood production company. The TikTok-backed series drew nearly 75 million views during its first week.

Rae believes the format offers advantages traditional media often cannot.

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Thursday, Jun. 25, 2026

Business

Chief Justice Wagner speaks alongside his fellow Supreme Court of Canada judges during the ceremonial opening of the judicial year at the Supreme Court of Canada in Ottawa on Monday, Oct. 6, 2025. THE CANADIAN PRESS/Sean Kilpatrick

Supreme Court of Canada won’t hear U.S. stock fraud case involving B.C. man

The Canadian Press 1 minute read Preview

Supreme Court of Canada won’t hear U.S. stock fraud case involving B.C. man

The Canadian Press 1 minute read Thursday, Jun. 25, 2026

OTTAWA - The Supreme Court of Canada will not hear the appeal of a former B.C. lawyer contesting a US$30 million judgment for allegedly masterminding a transnational securities fraud.

The top court's decision comes years after the United States Securities and Exchange Commission obtained a default judgment against West Vancouver's Frederick Sharp for the purported stock fraud.

The U.S. Attorney's Office for District of Massachusetts said in 2021 that Sharp and others allegedly executed a sophisticated global con that bilked investors out of tens of millions of dollars.

In 2024, the B.C. Supreme Court granted a judgment recognizing and enforcing the ruling of a Massachusetts court that required Sharp to repay the alleged profits.

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Thursday, Jun. 25, 2026

Sports Breaking News

Canada's Promise David (24) celebrates with teammates Nathan Saliba (25) and Jonathan David (10) during the World Cup Group B soccer match between Switzerland and Canada in Vancouver, British Columbia, Wednesday, June 24, 2026. (AP Photo/Abbie Parr)

In the news today: Canada to face South Africa, calls to ban SKS, breastfeeding rates

The Canadian Press 4 minute read Preview

In the news today: Canada to face South Africa, calls to ban SKS, breastfeeding rates

The Canadian Press 4 minute read Thursday, Jun. 25, 2026

Here is a roundup of stories from The Canadian Press designed to bring you up to speed …

Canada to face South Africa in knockout stage of World Cup

Canada will face South Africa on Sunday in Los Angeles in the knockout stage of the FIFA World Cup.

South Africa upset South Korea 1-0 in Mexico City on Wednesday to finish second in Group A.

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Thursday, Jun. 25, 2026

Business

Signage marks the Statistics Canada offices in Ottawa on July 21, 2010. THE CANADIAN PRESS/Sean Kilpatrick

These economists are worried Canada has a data quality problem

Craig Lord, The Canadian Press 6 minute read Preview

These economists are worried Canada has a data quality problem

Craig Lord, The Canadian Press 6 minute read Thursday, Jun. 25, 2026

OTTAWA - Most economists, including at the Bank of Canada, were a bit surprised when Statistics Canada reported late last month that the economy contracted slightly over the first three months of the year.

The consensus estimate among economists and monetary policymakers was for real GDP growth of roughly 1.5 per cent annualized in the first quarter.

When the figures actually showed a 0.1 per cent decline, forecasters were left scratching their heads.

Incremental data released by StatCan leading up to the quarterly GDP result largely suggested Canada's economy was in line for modest growth to start the year.

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Thursday, Jun. 25, 2026

Business

Lethbridge police conduct a search of a home along Lemoyne Crescent, in Lethbridge, Alta., on Tuesday, June 23, 2026. THE CANADIAN PRESS/Matthew Bruce

Websites suggest conspiracies fed accused Montreal gunman’s ‘buffet extremism’

Sarah Smellie, The Canadian Press 5 minute read Preview

Websites suggest conspiracies fed accused Montreal gunman’s ‘buffet extremism’

Sarah Smellie, The Canadian Press 5 minute read Wednesday, Jun. 24, 2026

Online activity suggests accused Montreal shooter Seth Hatfield watched videos about weapons, the outdoors and a tangle of conspiracy theories and grievances.

However, experts warn against drawing conclusions about the gunman. They also urge people to stop sharing online images of Monday's shooting outside a Montreal hotel.

Police said two officers were shot — Mohamed Lamine Benredouane, 34, was killed along with a bystander, Michel Mizrahi, 68, and the shooter died in the crossfire.

The coroner identified the dead suspect as 25-year-old Seth Hatfield from Lethbridge, Alta.

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Wednesday, Jun. 24, 2026

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Business

Vicky Eatrides, Chairperson and Chief Executive Officer of the Canadian Radio-television and Telecommunications Commission (CRTC), is shown in Gatineau, Que., on Wednesday, April 22, 2026. THE CANADIAN PRESS/Justin Tang

Yukon pens letters to minister, CRTC and Bell Canada over poor cellular service

The Canadian Press 3 minute read Preview

Yukon pens letters to minister, CRTC and Bell Canada over poor cellular service

The Canadian Press 3 minute read Wednesday, Jun. 24, 2026

WHITEHORSE - The Yukon government is pleading with the CRTC and Innovation, Science and Economic Development Canada to flex their regulatory muscles to improve cellular service in the territory that it says is plagued by persistent "deficiencies."

The territory's government sent letters to Bell Canada CEO Mirko Bibic, CRTC chair Vicky Eatrides, and Industry Minister Mélanie Joly last week outlining long-standing concerns about "coverage gaps and service instability" in the Yukon.

The letters decry the negative implications for public safety, emergency response and economic activity after continually receiving complaints about dropped calls, "significant coverage gaps" on major and remote travel routes and "degradation during peak usage periods and emergency events."

The letter to Bibic said mobile services in the territory are not discretionary, but rather "essential public infrastructure" due to Yukon's climate and geography, where unstable cell service heightens risks compared with more populated areas.

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Wednesday, Jun. 24, 2026

Business

Supporters carry boxes of signatures to submit for a separation referendum to Elections Alberta in Edmonton, on Monday, May 4, 2026. THE CANADIAN PRESS/Jason Franson

Almost half of Calgary Chamber members may leave if Alberta separates: poll

Lauren Krugel, The Canadian Press 4 minute read Preview

Almost half of Calgary Chamber members may leave if Alberta separates: poll

Lauren Krugel, The Canadian Press 4 minute read Wednesday, Jun. 24, 2026

CALGARY - A poll commissioned by the Calgary Chamber of Commerce suggests almost half of its members are prepared to move their businesses out of Alberta if the province votes to separate from Canada.

Probe Research conducted the online survey of 137 chamber members between June 8 and June 22. The poll comes as Albertans prepare for an October vote on 10 referendum questions, including one on whether the province should remain in Canada or begin the process of holding a separation referendum at a later date.

Forty-eight per cent of respondents said they are very or somewhat likely to relocate if the separation process moves forward, while 39 per cent said they are unlikely to do so. Thirteen per cent are unsure.

"I actually looked at that number and my eyebrows went up and I thought, 'That is a significant number and that would be devastating for Calgary,'" said Deborah Yedlin, president and CEO of the chamber.

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Wednesday, Jun. 24, 2026

Sports Breaking News

The federal government is expected to announce Wednesday that it will begin the process to designate two key Arctic projects as projects of national interest. Residents walk down the hill to their home in the town of Gjoa Haven, Nunavut, on Friday Sept. 1, 2017. THE CANADIAN PRESS/Jason Franson

In the news today: Major projects, a look at police deaths, World Cup economic boost?

The Canadian Press 4 minute read Preview

In the news today: Major projects, a look at police deaths, World Cup economic boost?

The Canadian Press 4 minute read Wednesday, Jun. 24, 2026

Here is a roundup of stories from The Canadian Press designed to bring you up to speed …

Ottawa set to announce first national interest projects in territories: sources

Ottawa is expected to announce today that it will begin the process of designating two key Arctic road infrastructure projects as in the national interest.

Government sources say the Grays Bay road and port project in Nunavut and the Mackenzie Valley highway project in the Northwest Territories are to be announced at a news conference in Yellowknife.

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Wednesday, Jun. 24, 2026

Soccer

Despite being banned in stadiums, colourful smoke bombs ignite soccer fan culture

Monique Kasonga, The Canadian Press 4 minute read Preview

Despite being banned in stadiums, colourful smoke bombs ignite soccer fan culture

Monique Kasonga, The Canadian Press 4 minute read Wednesday, Jun. 24, 2026

As thousands of Canadian soccer fans marched towards the World Cup stadium in Vancouver ahead of the team's match against Qatar last week, the air around them took on a distinctly festive colour.

Thick, continuous clouds of red-tinted smoke shrouded the crowd of supporters, pouring out of canisters also known as stadium flares or smoke bombs, all without explosive flashes.

The canisters have become part of fan celebrations in several countries, and are likely to make more appearances as the international soccer tournament continues in the coming weeks. Here are some key things to know about them:

What are smoke canisters and why do fans use them?

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Wednesday, Jun. 24, 2026

Soccer

Each additional Canada World Cup match equals a $70M boost to Vancouver economy: BMO

The Canadian Press 2 minute read Preview

Each additional Canada World Cup match equals a $70M boost to Vancouver economy: BMO

The Canadian Press 2 minute read Wednesday, Jun. 24, 2026

VANCOUVER - It won't just be fans feeling the joy if Team Canada advances to the next round in the World Cup.

A new analysis from BMO Economics estimates about a $70-million boost to Vancouver's local economy for each additional match Canada plays.

Canada and Switzerland, each with four points, are set for a Group B showdown at BC Place today. Canada would top the standings with either a win or a tie.

The bank says a potential economic bump would be largely tied to bars, restaurants and watch parties — not new tourism inflows, as most matches are already sold out.

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Wednesday, Jun. 24, 2026

Business

A condo tower under construction is pictured in downtown Vancouver on Feb. 9, 2020. THE CANADIAN PRESS/Darryl Dyck

Plan to buy B.C. condos might be more about stabilizing sector than housing: expert

Wolfgang Depner, The Canadian Press 4 minute read Preview

Plan to buy B.C. condos might be more about stabilizing sector than housing: expert

Wolfgang Depner, The Canadian Press 4 minute read Wednesday, Jun. 24, 2026

VICTORIA - A government plan to buy empty condominiums and turn them into affordable housing in British Columbia might be more about stabilizing the financial sector than housing, an urban planning expert says.

Some have criticized the federal and B.C. government's plan to convert unsold condos in a plan that Prime Minister Mark Carney said would use "innovative financial tools" as the most efficient ways to increase housing supply.

Carney said last week that effectively "what you're doing is buying them at a price, spreading out the financing," but details, including whether the condos would ultimately be rented out or resold, would not be released until the fall.

Carney and B.C. Premier David Eby said the plan would involve converting 2,200 unsold condos as part of a larger housing plan worth $5 billion over the next decade.

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Wednesday, Jun. 24, 2026

Business

Prime Minister Mark Carney looks over a 212A class submarine under maintenance as he tours Thyssenkrupp Marine Systems (TKMS), a submarine building facility in Kiel, Germany, on Tuesday, Aug. 26, 2025. THE CANADIAN PRESS/Christinne Muschi

A submarine economic boom is just around corner. So are the challenges.

Kyle Duggan, The Canadian Press 5 minute read Preview

A submarine economic boom is just around corner. So are the challenges.

Kyle Duggan, The Canadian Press 5 minute read Tuesday, Jun. 23, 2026

OTTAWA - As Ottawa inches closer to deciding who will supply the navy's next fleet of submarines, both the benefits and challenges involved in replacing Canada's four rusting antiques are coming to the surface.

While the industrial benefits from the submarine project will start to flow once contract details are hammered out, experts say major questions still need to be answered about long-term maintenance and staffing of the complex war machines.

Both qualified bidders offered multiple partnerships with Canadian companies in their heated, high-stakes race for the multi-billion dollar contract to manufacture up to 12 submarines.

Secretary of State for Defence Procurement Stephen Fuhr said Monday Ottawa has been squarely focused on the economic benefits that would flow from either bid, since both of the boats on offer meet all the navy's requirements.

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Tuesday, Jun. 23, 2026

Business

Bank of Canada building is pictured in Ottawa on Tuesday, April 28, 2026. THE CANADIAN PRESS/Sean Kilpatrick

Bank of Canada security workers start job action after talks fail

Craig Lord, The Canadian Press 2 minute read Preview

Bank of Canada security workers start job action after talks fail

Craig Lord, The Canadian Press 2 minute read Tuesday, Jun. 23, 2026

OTTAWA - Security officers at the Bank of Canada began a job action today after talks failed to secure a new collective agreement between the central bank and the union.

The Public Service Alliance of Canada says 63 security officers at the Bank of Canada's Ottawa and Montreal offices are on strike and the Montreal workers are also locked out by the employer.

A statement from the union claims officials at the central bank are pushing for changes that would undermine how seniority affects overtime and vacation for workers, as well as proposing a rollback in maternity leave.

The union also alleges that the Bank of Canada has been contacting workers to work through the legal strike and plans to contract a third-party for security services during the labour disruption.

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Tuesday, Jun. 23, 2026

Business

FILE - A banner with a portrait of President Donald Trump is hung from the Department of Justice, March 7, 2026, in Washington. (AP Photo/Jose Luis Magana)

Justice Department withdraws subpoenas that sought reporters’ grand jury testimony, sources say

Alanna Durkin Richer And Eric Tucker, The Associated Press 4 minute read Preview

Justice Department withdraws subpoenas that sought reporters’ grand jury testimony, sources say

Alanna Durkin Richer And Eric Tucker, The Associated Press 4 minute read Tuesday, Jun. 23, 2026

WASHINGTON (AP) — The Justice Department issued and then withdrew subpoenas that sought to compel reporters at The Washington Post and The Wall Street Journal to testify before a grand jury, according to people familiar with the matter.

The Washington Post confirmed that one of its journalists received a subpoena from the Trump administration as part of a broader and aggressive crackdown on media leaks that in January also included the extraordinary step of an FBI search of the home of another journalist at the newspaper and the seizure of her electronic devices. Reporters at The Wall Street Journal also received grand jury subpoenas, according to people familiar with the matter, a rare and unusual move that critics said amounted to a threat against press freedom.

It wasn't immediately clear why the government withdrew the subpoenas or what precise news coverage the subpoenas concerned, but the decision to rescind them, first reported Tuesday by The Washington Post, was confirmed by people familiar with the matter who spoke on condition of anonymity to discuss a non-public law enforcement action.

Washington Post executive editor Matt Murray wrote in a staff email obtained by The Associated Press that a subpoena to Ellen Nakashima, a prominent national security journalist who has reported on the Iran war and deadly U.S. military boat strikes in the Caribbean Sea, had been withdrawn.

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Tuesday, Jun. 23, 2026

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