Business & Industry
Industry Minister Mélanie Joly warned that Ottawa could force the sale of Stelco’s Canadian operations if planned layoffs are not rescinded, raising the prospect of a legal and political showdown over foreign ownership and job commitments.
Nintendo and EB Games opened a permanent 1,500 square foot Nintendo space at EB Games Canada’s flagship Yonge Street store on October 17, 2026. The move represents a strategic push by Nintendo into Canadian brick and mortar retail and a vote of confidence in downtown Toronto foot traffic as holiday season demand peaks.
Canada’s federal banking regulator has opened a review of the capital framework used by smaller lenders, seeking to narrow a regulatory gap that can make it harder for regional banks, credit unions and fintechs to compete with the Big Six.
On October 15, 2026, investors and business leaders in Canada faced a packed domestic calendar, with major bank earnings, corporate dividend dates and a Bank of Canada policy meeting window converging to shape markets and business planning into the final quarter.
The federal government announced a major expansion of regional AI supports on October 14, 2026, directing roughly half a billion dollars to help small and medium sized firms buy, build and scale Canadian AI products. Officials said the move aims to boost commercialization, attract investment and keep AI jobs and supply chains inside Canada.
Vancouver based Uniserve changed its TSX Venture trading symbol to COMP on October 13, 2026, a public signal of a strategic shift from managed telecom services toward compute, cloud and data centre infrastructure aimed at serving AI and data intensive workloads in Canada.
Stelco has begun issuing layoff notices at its Hamilton steelworks even after the federal industry minister gave the company five business days to present a compliance plan under the Investment Canada Act. The dispute raises fresh questions about foreign ownership, trade policy and enforcement tools for protecting Canadian jobs.
Canada’s new Productivity Mega Deduction is shifting the financing calculus for major energy infrastructure, South Bow executives told investors, renewing momentum behind the company’s proposed Prairie Connector pipeline as Ottawa seeks to lure global capital.
The federal government is advancing legislation to convert the Defence Investment Agency into a Crown corporation, a change Ottawa says could speed military buys and expand domestic defence production. Industry leaders warn the move could ease procurement but raise new questions about oversight and transparency.
Calgary based Suncor Energy agreed to sell its interests in the Terra Nova, White Rose and West White Rose offshore projects to London based Ithaca Energy for C$1.2 billion in upfront cash plus contingent payments, a deal that accelerates Ithaca's first international expansion and frees Suncor to boost shareholder returns and focus on core assets in Alberta.
A busy week for Canada’s economy starts Monday with Quebec’s provincial election and builds toward key statistics and corporate results that could shape markets and policy. Analysts will be watching trade figures, an industry aviation conference, Aritzia’s quarterly report and Statistics Canada’s September jobs release.
Ottawa’s decision to list the proposed Pacific Link pipeline as Canada’s first Project of National Interest has heightened immediate business calculations and political tensions, with industry, provincial leaders and Indigenous groups all recalibrating plans for jobs, investment and consultation.
With the federal government fast tracking the Pacific Link pipeline, Canadian oil producers and contractors are preparing for major capital bills to expand output and transport capacity. Analysts warn the move will push spending into the tens of billions and reshape regional labour markets and provincial finances.
Toyota estimates it could spend around $6.4 billion annually from 2028 to modernise factories, accelerating automation and robotics as the global auto industry confronts labour shortages, ageing plants and rising manufacturing costs.