Author: admin

With the first Canada Investment Summit opening this week, Prime Minister Mark Carney is courting foreign investors to play a central role in financing this country’s major infrastructure and resource development projects. Given the government’s target of $1 trillion in total investment spending over the next five years, outside capital is a must. But at…

After a Wall Street Journal exclusive created a small firestorm of controversy on Sunday when it revealed Mark Carney has reportedly been racing towards making Canada an “associate member” of the European Union, the prime minister poured cold water on the idea later that day. “Look, we’re not looking to become a member of the…

The global bond meltdown that has dominated the headlines in recent weeks is finally hitting home in Canada, literally. This past week, the selloff pushed a key U.S. Treasury yield to the cusp of 5 per cent, which analysts say is an important psychological level for markets. This recent surge in bond yields has been…

For a panicked few days in early September, it looked like LaSalle College in downtown Montreal was going to close for good, forced into bankruptcy by the Quebec government for temporarily teaching too many students in English. It was politically unusual. In the middle of any other provincial election, campaigning political parties would likely rally…

British Columbia’s contentious experiment decriminalizing fentanyl, cocaine and other hard drugs was hailed by provincial health leaders as a “vital” means of keeping people from dying from drug overdoses. It appears it didn’t. New research found no significant changes in drug-related hospitalizations or toxic drug deaths compared with the rest of Canada, where the drug…

LONGUEUIL, QC — “Paul is Paul. I’ve already told him to laugh from time to time,” said one seasoned Parti Québécois veteran about leader Paul St-Pierre Plamondon. Au naturel, St-Pierre Plamondon has a resting serious face. It is reportedly a challenge for photographers, who struggle to snap a picture of him with a smile on…

Prime Minister Mark Carney touted a “new, powerful, confident, united Canada” to a room full of business leaders at a reception Sunday evening ahead of the inaugural Canada Investment Summit, which will bring some of the most powerful global asset managers to Toronto this week. “Tomorrow, something remarkable will happen. The world’s largest investors, managing…

Last month, Xanadu announced plans to transform part of Toronto’s former Campbell Soup factory into an advanced manufacturing facility for quantum computing . Supported by a $195-million federal investment, the facility will manufacture photonic components, package and test chips, and assemble hardware for its next generation of quantum computers. There is something fitting about the…

OTTAWA — Former Conservative prime minister Stephen Harper will deliver the closing speech of Prime Minister Mark Carney’s first Canada Investment Summit on Tuesday. A senior government source confirmed Harper’s long-rumoured participation in the Liberal prime minister’s event to National Post on Sunday. The Canada Investment Summit in Toronto is Carney’s flagship event to pitch…

Canada is not seeking to join the European Union as a full-fledged member, but Prime Minister Mark Carney is reportedly testing how close the country can get via deeper economic and societal integration. According to the Wall Street Journal , the Canadian leader has suggested to some of his European peers that Canada should become…