Business

Three junior Southern Alberta Mustangs players died after their vehicle collided with a northbound gravel truck near Stavely, Alta., police say; the semi driver had minor injuries and the cause is under investigation.

A Kitchener-line train derailed at Union Station on Monday, causing widespread delays and cancellations across the GO and UP Express network; Metrolinx said crews worked overnight and expects service on all lines Tuesday morning with reduced schedules.

President Trump urged lawmakers to send the Senate-approved funding bill to his desk without changes as the House returned; the package would temporarily fund the Department of Homeland Security through Feb. 13 and faces opposition from members of both parties.

Palantir reported higher-than-expected fourth-quarter sales and said U.S. government revenue rose 66%; CEO Alex Karp defended the company's surveillance platform as having permissioning and audit controls, while the article notes contracts with U.S. agencies have drawn scrutiny.

Statistics Canada reports coffee prices rose 31% in December 2025 versus a year earlier, while overall food inflation rose about 5%. Experts say weather-driven supply problems and recent tariff changes are likely factors, and improving conditions in Brazil could ease prices in coming months.

A BMO survey finds about 73 per cent of millennials expect retirement will be harder than it was for their parents, and 67 per cent of respondents overall expressed similar concern. The article reports experts discussing planning approaches, automated saving habits and registered accounts such as RRSPs and TFSAs.

A report says Toyota and Honda made up about 60% of assembly plant employment in Canada at the end of 2024 and produced 77% of vehicles assembled in 2025; it notes Ford has delayed planned EV production and altered schedules at its Oakville plant.

Documents tabled in Parliament show roughly 3.9 million federal paper cheques issued over the past four fiscal years went uncashed, worth about $2.16 billion. The uncollected payments include tax refunds, pensions and benefits such as the Canada Carbon Rebate, Climate Action tax credits and the Canada Child Benefit.

The federal GST credit was increased by 25% for five years with a one-time 50% top-up, affecting nearly 12 million Canadians and potentially providing up to $1,890 for a family of four this year; a columnist says the cash helps short-term but sidesteps structural changes like food tax reform and larger supply-chain investment.

MPs agreed Monday to fast-track Bill C-19, which would enact the Canada Groceries and Essentials Benefit, and set a House schedule that moves second reading on Monday, finance committee on Tuesday and third reading on Wednesday.

The Justice Department released documents tied to its Epstein investigations that name numerous prominent men; none have been charged and a Slovak official resigned after the disclosures.

Treasury prices fell after the ISM factory gauge came in stronger than expected, including a firmer employment component, which reduced expectations for further Federal Reserve rate cuts.

Peter Mandelson resigned his Labour Party membership and denied allegations after documents released in the U.S. Justice Department's Epstein inquiry included messages and bank records reported to show payments linked to Jeffrey Epstein; Mandelson said he will investigate.

Draganfly says it was selected to provide Flex FPV drones and related training to U.S. Air Force Special Operations Command units, in partnership with DelMar Aerospace. The company release includes forward‑looking statements and lists risks and uncertainties that could affect future results.

Disney reported US$26 billion in revenue for its fiscal first quarter, with the parks, cruises and consumer products unit generating US$10 billion and supplying most of the quarter's operating profit.

U.S. strikes on suspected drug vessels have prompted traffickers to change routes and transport methods, with reports of increased violence and displacement in affected Colombian regions. Colombian President Gustavo Petro was due to meet U.S. President Donald Trump with bilateral drug control on the agenda.

Prime broker reports and industry sources say demand for North America-focused hedge fund strategies fell over the past year, while allocations to Asia and Europe increased.

Two housing advocates argue for a Canada Housing Accord to align federal, provincial and municipal action; unsheltered homelessness is reported as up about 300% since 2018, according to a national point-in-time count.

Heavy rains and landslides at the Rubaya coltan site in eastern Democratic Republic of the Congo have killed at least 200 people, and Congo's government says profits from the unregulated coltan trade are financing the Rwanda-linked M23 militia.

The federal Conservatives concluded a three-day convention in Calgary where leader Pierre Poilievre won 87% support in a mandatory leadership review; recent polling shows the Conservatives trailing the Liberals by four points while Prime Minister Mark Carney leads Poilievre by 28 points as preferred prime minister.

A Federal Court of Appeal ruling lets Ottawa keep the toxic designation for manufactured plastic items, preserving a ban on six single-use plastics. Environmental groups are urging the government to expand the ban to include takeout cups, lids and bottles and to consider reuse or deposit-return systems.

Housing Minister Gregor Robertson says the federal Build Canada Homes agency is working to attract Canadian banks, pension funds and developers to finance affordable and mixed housing projects; the agency launched with $13 billion and has received about 450 applications.

President Donald Trump said he would impose 50 per cent tariffs on Canadian-made aircraft until Canada certifies certain Gulfstream jets, and the Bank of Canada held its policy rate at 2.25 per cent.

Rescue crews evacuated stranded residents and carried four sheep to safety after rising floodwaters prompted a local state of emergency in the Comox Valley.

Canada is entering a renegotiation of the USMCA, which could affect trade with the United States; exports to the U.S. account for about one-quarter of Canadian GDP, and one model estimates GDP could be roughly 1.8% below baseline within a year if the agreement collapsed.

Inniskillin and other Niagara-on-the-Lake producers are promoting icewine's versatility through tastings, festivals and food pairings; most Canadian icewine comes from the region and grape allocations for icewine rose to 2,853 tonnes this year.

Canadian Energy Metals announced Project Thor and reported a preliminary assessment estimating 6.8 billion tonnes of alumina in ore near Tisdale, Saskatchewan; the company plans a pre-feasibility study and to design a demonstration plant in 2026.

Michael Ignatieff argues that Canada–U.S. relations have shifted after Prime Minister Carney's Davos speech and that Canada must choose whether to pursue trade diversification and a 'middle power' strategy to protect its economic sovereignty.

Canada's unemployment rate is reported at 6.8 per cent with youth joblessness elevated, and studies cited in the article find little evidence so far that AI adoption is driving large-scale layoffs.

Kremlin envoy Kirill Dmitriev will meet US officials in Miami, and Russian officials reported they may need up to 1.2 trillion rubles to cover possible additional war-related spending this year.