Browsing: Business News

Empire, the Sobeys and Safeway owner, is now legally barred from blocking rival grocers, a deal one Alberta town already shows the real-world effect of.

Aston Martin’s credit rating was cut and bondholders revolted over a new financing deal in 2026, even as chairman Lawrence Stroll keeps funding the automaker’s turnaround.

Toronto’s Altis Labs raised US$25M in Series A funding to expand AI that flags cancer drug effects up to 26 months before standard trial results.

Calgary’s Ultimarii raised $13M for AI that speeds infrastructure permitting, as Ottawa fast-tracks nation-building projects under a new federal law.

AV Group will idle its Nackawic, N.B. pulp mill by month’s end, cutting 350 jobs, over a third of the town’s population, which saw the mill fail once before.

Changpeng Zhao’s net worth jumped US$9.8 billion in a day to US$91.2 billion, per Forbes’ tracker, as Binance’s valuation climbs on eased regulatory risk and a crypto rally.

VW’s $11.5B profit warning is reviving scrutiny on the $13B taxpayer-backed St. Thomas, Ont. battery plant, its 2027 timeline and 3,000 promised jobs.

Brookfield Corporation chief executive Bruce Flatt told the firm’s 2026 Investor Day in New York that the artificial intelligence race is being held back by physical limits on power and computing capacity, not by a shortage of capital.

Radical Ventures raised US$1B for Canada’s largest-ever VC fund, joining RBC and Intrepid in a capital push to keep AI startups from leaving for the U.S.

Bruce Flatt told Brookfield’s investor day the AI race is already losing momentum because the industry cannot build data centres fast enough, Bloomberg reported.