Business

Canada Post records $205M quarterly loss as mail volumes fall, labour uncertainty cuts revenue

Canada Post reported a $205‑million loss before tax in the first quarter of 2026, a notable deterioration from the same period last year as revenue and mail volumes fell across every major business line....

15m ago

Poilievre says Carney's policies to blame for Canada dipping into recession territory

OTTAWA — Conservative Leader Pierre Poilievre says Prime Minister Mark Carney's policies are to blame for Canada entering recession territory. Statistics Canada says the economy contracted slightly for...

14m ago

Blue Origin investigates rocket explosion as public is warned about possible wreckage washing ashore

CAPE CANAVERAL, Fla. (AP) — Jeff Bezos’ Blue Origin is assessing damage to its launch pad after a rocket exploded during a test firing, creating a giant orange fireball seen and felt for miles around. The...

2h ago

Ottawa posts $55.3B deficit for 2025-26 fiscal year, based on monthly fiscal monitor

OTTAWA — The federal government posted a deficit of $55.28 billion for its 2025-26 fiscal year compared with a $43.15-billion deficit a year earlier, according to the Finance Department's monthly fiscal...

2h ago

Scotiabank buying U.S. commercial bank MapleMark

TORONTO — Scotiabank has signed a deal to buy the parent company of MapleMark Bank, a U.S. commercial bank. Financial terms for Maple Financial Holdings Inc. were not immediately available. Travis Machen,...

1h ago

Trump meeting with aides to make 'final determination' on moving forward with Iran deal

WASHINGTON (AP) — U.S. President Donald Trump said Friday he’s holding a White House Situation Room meeting with his advisers as he looks to make a “final determination” on moving forward with...

1h ago

CHUM 104.5 launches new morning show 'NAT & JOSIE' as Marilyn Denis era nears its end

CHUM says the new show will blend Hunter and Dye's trademark energy with hit music, local stories, trending topics, and entertainment news.

3h ago

$122M in EV rebate claims made since start of new program as dealers wait to be paid

OTTAWA — Canadians claimed more than $122 million in federal subsidies for new electric vehicles since Ottawa reintroduced its rebate program in February, but many car dealers say they're still waiting...

8h ago

Economists pour cold water on recession talk after Canada's economy stalls in Q1

Canada's economy is still struggling to grow but some economists weighing in on the latest real gross domestic product results Friday argued that weakness may not qualify as a recession. StatCan reported...

38m ago

China's foreign minister Wang Yi set to meet Carney, Anand today

OTTAWA — China's foreign minister Wang Yi is in Ottawa today, the first such visit in a decade. He is in Canada for a three-day trip that will include meetings with Foreign Affairs Minister Anita Anand...

8h ago