Agyata Canada

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 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.

Prime Minister Mark Carney will deliver his second federal budget on Thursday, with Finance Minister François-Philippe Champagne promising details on growth and sovereignty. The Bank of Canada and the International Monetary Fund project roughly two per cent GDP growth next year, while the OECD expects growth to be lower. Average hourly wages rose about 2.3 per cent year-over-year as of September, short of the three per cent climb in consumer prices.

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 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.

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 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 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 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.

One of the world’s top data centre destinations has some words of wisdom for Alberta as it seeks its own AI boom. “The bill will come due if they’re not asking the right questions now,” says Juli Briskman. Briskman is a district supervisor in Loudoun County, Va., otherwise known as data centre alley. It’s a region where the data centres are numerous and – in some cases – nestled right into the daily life of residents who pass them on the way to the post office, restaurants, health centres and schools.

Finance Minister François-Philippe Champagne said on Thursday the federal government will supply 500 MW of compute to Canadian companies. The budget also plans to merge BDC and EDC, and a new Canada Growth Incentive would offer a tax exemption on up to $15 million in capital gains from 2027-28. CFIB president Dan Kelly called it appalling that the government hasn't fixed failing tariff relief measures a year and a half into the trade war.

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.

Ottawa will commit $1 billion over five years to a Government Transformation Fund for information technology projects, according to Budget 2026. Digital Transformation Canada will bring together Shared Services Canada and the Canadian Digital Service to lead AI adoption, the budget said. The government says it is on track to cut the public service by 10 per cent by 2029, with 332,000 federal public servants as of August 2026, down from 368,000 at the 2023-24 peak.

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.

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.

Finance Minister Francois-Philippe Champagne delivered Prime Minister Mark Carney's budget to Parliament in Ottawa on Thursday, proposing to cut the tax rate on new business investment to 6.4 percent from 13 percent. The comparable US rate is 16.9 percent, and the Finance Department estimates the measure would cost $27.7 billion over five years from 2026-27.

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 proposed a Canada Growth Incentive in Thursday's budget, exempting the first $15-million that founders, staff and investors make when selling shares in certain private Canadian businesses. Finance Canada estimates the measure will cost $565-million in tax revenue through the 2030–31 fiscal year, while extending the rollover deadline will cost $150-million over the next five fiscal years.

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.

The federal government's 2026 budget, tabled Thursday, raises quarterly Canada Groceries and Essentials Benefit payments by 50 per cent for the 2026-27 program year. Combined with previous increases, a single person could get up to $1,290 and a couple with two children up to $2,570. Economist Armine Yalnizyan said there is little in the budget for everyday people beyond short-term relief on groceries and gas.