Matthew Proud, ex-CEO of Dye & Durham, rejoins the board of the embattled Toronto software company.
Dye & Durham has reached standstill and voting support agreements with its two largest shareholders, Plantro Ltd., the holding company of former chief executive Matthew Proud, and EdgePoint Investment Group, which together control a combined 36 per cent of the stock.
Canfor reports $88 million net loss for third quarter, narrower than a year earlier, and says it is more resilient.
Canfor Corp. reported an $88 million net loss for the three months ending Sept. 30, an improvement on the $172 million loss in the same quarter a year earlier. Revenue rose to $1.28 billion from $1.26 billion. CEO Susan Yurkovich pointed to "relative stability" in the company's operating position, and called Canfor "a more resilient company" able to capitalize on a recovery in global markets. Operating profit before interest, taxes and depreciation was $98 million, and $262 million for the year to date.
CBC Money, a personal finance content slate, will launch next year, headquartered in Calgary.
CBC announced Thursday that CBC Money will be headquartered in Calgary, led by nine journalists in a new downtown studio. Five business reporters will be hired in Vancouver, Edmonton, Winnipeg, Montreal and Halifax, and two producers will work out of Toronto. Brodie Fenlon, general manager and editor-in-chief of CBC News, said in a statement the service would move beyond market updates and boardroom chatter.
Business Maple Leaf raised prices earlier this year to help offset higher costs — the second such price increase in a year — but it hasn't
Business Maple Leaf raised prices earlier this year to help offset higher costs — the second such price increase in a year — but it hasn't been enough to mitigate rising expenses. Company says it is dealing with higher fuel and poultry prices, on top of general inflation Natalie Stechyson · CBC News · Posted: Nov 05, 2026 1:01 PM EST | Last Updated: November 5 Listen to this article Estimated 4 minutes The audio version of this article is generated by AI-based technology. Mispronunciations can occur.
Former National Bank employee Dean Labbe and his mother agree to pay $330,000 to settle Alberta insider trading case
Alberta regulators banned former National Bank of Canada employee Dean Labbe from trading for 30 years. He and his mother, Julie, agreed to pay the Alberta Securities Commission $330,000 to settle the multi-year case. Labbe admitted using confidential information from his work to recommend or make trades in his mother's accounts, the commission said. The pair used market-moving information to reap tens of thousands of dollars in profits.
Granville Island seeks public input on its future as it works to close a financial shortfall.
Granville Island is seeking input on its future after the site said it needs more than $250 million to address overdue repairs. It also needs another $10 million in annual net operating revenue to become financially self-sufficient and keep renewing itself for its next 50 years. Visitors Peter and Gail Cowley, from Hastings, New Zealand, said the island was not polished like a mall and not fleeting like a weekend farmers market.
Enbridge posts higher third-quarter profit, helped by stronger natural gas businesses.
Enbridge reported a higher third-quarter profit on Friday, lifted by its gas operations. Its gas transmission unit earned adjusted core profit of $1.43-billion, up from $1.26-billion, and its gas distribution and storage unit rose to $665-million from $560-million. Net earnings for the quarter ended Sept. 30 reached $1.29-billion, or 59 cents per share, against $682-million, or 30 cents, a year earlier.
Laurentian Bank closes its 55 Quebec branches by Friday as customers move their banking to National Bank.
Laurentian Bank of Canada will close its 55 Quebec branches by end of day Friday; they stay open until 4 p.m. ET but will not become National Bank locations. National Bank says Laurentian debit cards will be deactivated at that time, and transfers and ATM withdrawals will be unavailable. Fairstone Bank agreed to buy Laurentian for $1.9-billion last year, while National Bank took its retail and small-and-medium-sized banking portfolios in a transaction completed Monday.
U.S. stocks slump on Thursday as the S&P 500 falls 4.4% and the Nasdaq drops 5.5%.
Wall Street's tech-heavy Nasdaq Composite slid 5.5% on Thursday, a day after a rally that followed the U.S. midterm results, while the S&P 500 lost nearly 4.4% in its worst one-day drop since April 2025. Nvidia fell 9.4%, Meta Platforms 4.2% and Space Exploration Technologies 9.2%, leaving the Nasdaq down 11.9% from its Oct. 6 high. Dan Ives of Yorkville Ives & Co. cited "white-knuckle fears" about a Democrat-controlled Congress and the AI trade.
Rents in Toronto and Vancouver rose for the first time in nearly three years, a report shows.
A Rentals.ca and Urbanation report released Thursday showed average asking rents across Canada fell 3.2 per cent to $2,036 in October, a 25th straight monthly decline. Rents rose 1.6 per cent in Toronto and 0.2 per cent in Vancouver compared with October 2025, ending 36 and 34 months of declines. Urbanation president Shaun Hildebrand said declining supply is driving the increases and that the window for cheaper rents is closing in those cities.
Canada is expected to add 13,600 jobs in October as the unemployment rate holds steady
Statistics Canada releases its October labour force survey today, and a Reuters poll of economists expects a gain of 13,600 jobs. The economy lost 68,000 jobs in September, when the unemployment rate rose a 10th of a percentage point to 6.5 per cent. The Bank of Canada raised its key interest rate last week to curb the risk that high energy prices spill over into generalized inflation.
Ottawa releases draft rules to ban bank fees for moving investment accounts between financial institutions.
The federal government in Ottawa has released draft regulations that would stop banks from charging fees when a client moves an investment account to another financial institution. A regulatory impact analysis published Wednesday by the Department of Finance says such fees are typically $150 per account. The ban would not waive product-level costs such as trading commissions, early-redemption penalties on GICs or mutual fund sales fees.
Ottawa will begin rolling out the Real-Time Rail payments platform on Monday, according to the federal budget.
Ottawa will launch the first phase of Real-Time Rail (RTR), an instant-payment system built by non-profit Payments Canada, on Nov. 9, according to the 2026 federal budget. The C.D. Howe Institute estimates RTR will add $3.2 billion in economic gains over its first five years by displacing inefficient payments. Budget 2026 does not name the participants, though sources told BetaKit it was unlikely any Big Six bank would take part.
AI stock sell-off sends S&P 500 down 4.4 per cent, its worst day since April 2025.
AI-linked stocks drove a brutal Wall Street sell-off on Thursday, pushing the S&P 500 down 4.4 per cent and erasing the prior day's gain. The Dow Jones Industrial Average sank 1,833 points, or 3.4 per cent, while the Nasdaq Composite tumbled 5.5 per cent, leaving it 11.9 per cent below its all-time high set last month. Nvidia fell 9.3 per cent, the heaviest drag on the S&P 500, as Democratic midterm wins raised the possibility of data-centre construction pauses.
Canada is forming more tech startups in 2026, but fewer are raising pre-seed capital, Panache Ventures report finds.
Montréal-based Panache Ventures reported that 1,703 new tech startups formed in Canada in 2025, more than 10 percent fewer than in 2024. Company creation picked up in the first half of 2026, with 892 net new firms, 20 percent more than in the same period of 2025. The share of new companies raising pre-seed capital fell from approximately 13 percent in 2023 to eight percent in 2024, and held in 2025.
Cenovus says it will keep output plans unchanged despite a wider Canadian crude discount it expects to be temporary.
Calgary-based Cenovus Energy said on Wednesday it will not change its production plans, despite a rise in third-quarter profit. CEO Jon McKenzie blamed high freight rates for sharply cutting export demand for Canadian barrels re-exported off the US Gulf Coast, not a lack of pipeline capacity, and said he expects the wide differentials to be temporary. As of Monday, Western Canada Select traded more than US$30 a barrel below West Texas Intermediate, its widest spread since 2018.
Greater Toronto home sales fell nearly 8% in October from a year earlier, as uncertainty kept buyers on the sidelines.
The Toronto Regional Real Estate Board said 5,603 homes changed hands across the Greater Toronto Area in October, down 7.9 per cent year-over-year. Sales rose 1.2 per cent from September on a seasonally adjusted basis, while the average selling price of $1,024,108 fell 2.7 per cent. The board blamed uncertainty over inflation, borrowing costs and the economy, and TRREB president Daniel Steinfeld said a trade deal could help.
Ottawa to take an equity stake of up to $1.6 billion in AI company Cohere, a move that has drawn debate over public AI funding.
Prime Minister Mark Carney announced last Thursday a federal equity stake of up to $1.6 billion in Toronto-based Cohere. It is part of a planned $7-billion funding round valuing the company at $35.7-billion, and Cohere pledged to spend $1.7-billion on Canadian compute capacity by 2030. Finance Minister François-Philippe Champagne said the stake would have a positive impact on the ecosystem, while Jim Balsillie said it has 'red flags all over it'.
Google is offering voluntary severance packages to some employees in five countries as it spends more on AI.
Google has widened its voluntary exit programme, offering severance to staff in Canada, France, Germany, Japan and Switzerland, Reuters reported. Switzerland, home to around 5,000 Google staff, is where the effect is already visible, with leavers starting in August, according to people familiar with the matter. The package pays one month's salary per year of service, capped at 12 months, and DeepMind and Google Cloud appear excluded.
Fortis lifts third-quarter profit to $474 million and raises its quarterly dividend to 66.5 cents per share.
Electric and gas utility Fortis Inc. earned $474 million, or 92 cents per share, in the third quarter, up from $409 million, or 81 cents, a year earlier. It raised its quarterly dividend to 66.5 cents per share from 64 cents, while adjusted earnings reached 92 cents per share against 87 cents in the third quarter of 2025. Fortis expects capital spending of about $32.2 billion for 2027-2031.