Business

Air Canada announced two non-stop flights from Calgary to Cancun and Puerto Vallarta beginning in December 2026. Tickets for the services are on sale now.

The FIFA World Cup Trophy will visit seven Canadian cities from April 9 to May 26 as part of a 75-stop global tour; the 48-team World Cup runs June 11 to July 19.

Bank of Canada Governor Tiff Macklem said a loss of independence at the U.S. Federal Reserve would affect Canadian financial markets because the two economies are closely integrated. He said it is hard to predict the exact implications and described Fed independence as beneficial for both Americans and Canadians.

The Bank of Canada will announce its first policy rate decision of 2026 on Jan. 28 after recent data showed mixed signals, including December consumer inflation at 2.4% and a rise in unemployment to 6.8%.

The Financial Times reported SpaceX is weighing a mid-June IPO to raise up to US$50 billion at a roughly US$1.5-trillion valuation; Reuters could not verify the report and SpaceX did not comment.

Steadman Philippon Research Institute and Vail Health have signed a new five-year agreement renewing their research partnership, building on a decade-long collaboration that began in 2015 and supported work in regenerative medicine as well as studies in cancer and behavioral health.

The Bank of Canada kept its policy interest rate at 2.25% for a second meeting, saying the economic outlook is little changed from the October Monetary Policy Report while risks from U.S. trade policy and geopolitical tensions are elevated.

ASML reported record fourth-quarter orders driven by demand from AI chipmakers and raised its 2026 sales outlook. The company announced 1,700 management job cuts as part of a broader reorganisation.

Several cafés in Edmonton import Yemeni coffee beans to recreate traditional flavours for the city’s Arab community, while sourcing remains inconsistent because ongoing conflict in Yemen has disrupted exports.

Dan Richards, a Rotman School instructor, describes three lessons from integrating AI into business courses: AI accelerates learning, is improving rapidly, and works best when combined with students' own work.

Skeena Gold & Silver received the British Columbia Mines Act permit for its 100%-owned Eskay Creek project; the Environmental Management Act permit remains under review and is expected in February, with initial production anticipated in the second quarter of 2027.

TransUnion and Zenbase announced a partnership to include rental payment information as a dedicated category on TransUnion credit reports in Canada, so timely rent payments are shown without being treated as debt.

Waabi Innovation raised US$750-million to expand autonomous long-haul trucking and said it will deploy a minimum of 25,000 autonomous vehicles on Uber's ride-hailing service.

The Federal Reserve is expected to hold rates while its chair, Jerome Powell, is under a Department of Justice criminal investigation. Powell's chair term expires in May 2026 and he could remain as a Fed governor until 2028.

Grade 6 and 7 students in Toronto attended an International Holocaust Remembrance Day event where author Kathy Kacer discussed her book about the 1939 St. Louis and family members showed preserved mementos while answering students' questions.

Acting president Delcy Rodriguez said the United States has begun unblocking Venezuelan funds frozen under sanctions and that the resources will be used in part to purchase hospital equipment; she did not specify the amount, and Washington has confirmed a new charge d'affaires to Venezuela.

National home-price indicators slipped in 2025, with average prices down 0.5% and MLS benchmark prices down 4.0%, while regions diverged: Ontario and British Columbia recorded notable declines and Quebec posted price gains.

Energy Minister Tim Hodgson said Canada aims to boost energy exports to India to diversify away from the United States, and analysts noted India’s growing fuel demand, large refining sector and opportunities for products beyond crude.

The Conference Board reported its consumer confidence index fell 9.7 points to 84.5 in January, the lowest since May 2014, as concerns about job availability and prices rose.

The two governments said Canada will seek to increase crude oil and natural gas exports to India while buying refined petroleum products in return, following ministerial meetings that cited energy security and supply diversity.

Gold climbed above US$5,000 an ounce after a year-long rally, rising more than US$2,000 over 12 months, and Canadian indexes have been lifted by gains in gold and gold producers.

Several major banks have raised 2026 price forecasts for precious metals: Deutsche Bank and Societe Generale project gold near $6,000 an ounce, and Citi upgraded its near-term silver target to $150 an ounce.

Winnipeg police say a series of extortion and arson incidents last July targeted several small businesses and a warehouse; five people have been arrested and two suspects remain the subject of Canada-wide warrants.

TikTok agreed to settle a landmark lawsuit alleging its platform addicted young people, with settlement terms undisclosed. Jury selection starts this week in Los Angeles for bellwether trials that will proceed against Meta and YouTube.

Fisheries Minister Joanne Thompson has provided conditional approval for Marineland to export its remaining beluga whales to the United States, and said final permits will be issued once Marineland supplies further required information.

The European Union and India announced a broad free trade agreement after nearly two decades of talks, cutting tariffs on about 97% of European goods entering India and eliminating many EU duties on Indian exports; officials said a formal signing is expected later this year and the deal could take effect by early 2027.

The federal government announced an enhanced GST credit, a one‑time top‑up and new funding for supply‑chain resilience, while Manitoba froze the retail price of milk for a year; food inflation was over 5% in December 2025.

ACEA data shows fully electric cars made up 22.6% of EU registrations in December, narrowly exceeding gasoline-only cars at 22.5%, while gasoline-electric hybrids held the largest share at 44%.

Officials said a Russian drone strike on Odesa killed three people and wounded 25, and damaged energy and residential infrastructure; Ukrainian and Russian negotiators are due to meet for U.S.-brokered talks on Sunday.

Tropic said it delivered $85 million in customer savings in 2025 and reported surpassing $18 billion in spend under management.