OC Transpo Cancels 6,500+ Bus Trips in February
OC Transpo reported more than 6,500 bus trip cancellations in February 2026, though officials noted signs of incremental improvement toward the month's end.
Category : Business
Oil Hits US$90 Per Barrel as Middle East Tensions Escalate
North American oil prices have soared above US$90 per barrel for the first time in years, driven by rising Middle East tensions and warnings from Qatar's energy minister about potential Gulf production shutdowns.
South Bow Opens Season for Prairie Connector Pipeline
South Bow Corp. has initiated an open season for its Prairie Connector pipeline project, seeking commitments for 450,000 barrels per day of oil transportation from Alberta to U.S. markets using legacy Keystone XL permits.
SpaceX ETF Stake Surge Raises Private Asset Liquidity Doubts
A niche ETF's SpaceX holding has ballooned to over 37%, challenging SEC liquidity rules and reigniting debate about private assets in exchange-traded funds.
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Middle East Conflict Could Drive Up Canadian Supply Chain Costs
Experts caution that escalating tensions in the Middle East could disrupt global shipping routes and raise costs for Canadian businesses and consumers nationwide.
Edmonton Housing Market Shifts to Balanced Conditions
BILD Edmonton Metro's 2026 economic forecast predicts a return to normalized housing starts after record years, with experts describing a rebalancing rather than a crash in Alberta's residential market.
AI Skepticism Reshapes Big Tech Valuations, Magnificent Seven Repriced
The Magnificent Seven tech giants are trading at historically low valuations as investor skepticism about AI spending grows, despite strong long-term earnings projections.
U.S. Customs to Launch Tariff Refund System in 45 Days
The U.S. Customs and Border Protection agency has confirmed that its new automated tariff refund system will be operational within the next 45 days, aiming to streamline processes for importers.
UWindsor Launches Women in Business Leadership Award
The University of Windsor's Odette School of Business introduces the Lenore Simpson Women in Business Award to support emerging female leaders, with inaugural winner Makennah Murphy honored at an International Women's Day event.
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Ford Considers Windsor Truck Tolls Amid Bridge Delays
Ontario Premier Doug Ford praised Windsor Mayor Drew Dilkens for 'outside the box' thinking in proposing tolls on trucks using Huron Church Road to the Ambassador Bridge, pending the Gordie Howe International Bridge opening.
Axel Springer Buys Telegraph for £575 Million
German media giant Axel Springer has purchased the Telegraph Media Group for £575 million, ending a lengthy ownership saga and aiming to expand the conservative outlet's U.S. presence.
LeBlanc Meets Greer in Washington Before CUSMA Review
Canadian Minister Dominic LeBlanc is set to meet U.S. Trade Representative Greer in Washington as Ottawa prepares for the upcoming review of the Canada-U.S.-Mexico Agreement, focusing on trade priorities.
Keystone XL Lessons Shape New Cross-Border Pipeline Strategy
The CEO of BusinessSouth Bow is leveraging insights from the failed Keystone XL project to navigate regulatory and environmental challenges for a new cross-border pipeline, aiming to enhance economic ties and energy security.
Canaccord Genuity Fined US$80M for Compliance Lapses
U.S. authorities impose a record US$80 million fine on Canaccord Genuity for significant compliance lapses, highlighting regulatory scrutiny in financial services.
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Semi-Truck Collision Damages Saskatoon Overpass, Reduces Lanes
A semi-trailer carrying heavy equipment struck the Circle Drive overpass in Saskatoon, causing significant structural damage and lane closures on Highway 11 and Highway 16.
RBC CEO Bonus Nearly Doubles to $7.44M in Record Year
Royal Bank of Canada CEO Dave McKay received $23.76 million in total compensation for fiscal 2025, with his short-term bonus soaring 86% above target as the bank posted record earnings of $20.4 billion.
CAAT Pension CEO Resigns, Repays $1.6M Vacation Payment
Derek Dobson, CEO of the CAAT pension plan, has resigned and agreed to repay a controversial $1.6 million vacation payment, sparking discussions on executive compensation.
U.S. Loses 92,000 Jobs, Unemployment Rate Rises to 4.4%
February's unexpected job losses and rising unemployment rate challenge assumptions about labor market stability, with declines across construction, leisure, and healthcare sectors.
Fuel Spill Closes Eastbound Highway 403 Near Brantford
A significant fuel spill has led to the closure of eastbound lanes on Highway 403 near Brantford, causing major traffic disruptions. Ontario Provincial Police are on scene managing the incident and advising drivers to seek alternate routes.
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Eglinton Crosstown LRT Service Halted After Car Collision
A stretch of the Eglinton Crosstown LRT line in Toronto is out of service following a collision between a train and a car. No injuries were reported, but transit officials are investigating the incident.
Competition Bureau Clears EQB's PC Financial Deal
The Competition Bureau has given the green light to EQB's acquisition of PC Financial from Loblaw, a major move in Canada's banking and retail sectors.
Greek Billionaire Defies Danger in Strait of Hormuz
George Prokopiou's Dynacom Tankers continues operations through the volatile Strait of Hormuz despite Iranian threats, earning record freight rates while risking ships and crew lives.
Middle East Conflict Drives Up Toronto Gas Prices, Reducing Affordability
Gas prices in Toronto are climbing due to the Middle East conflict, making fuel increasingly unaffordable for residents. Experts warn of continued economic pressure as global tensions impact local costs.
1970s Home Becomes Modern Gem with Strategic Renovation
A North Etobicoke home from the 1970s underwent a complete transformation, expanding living space without increasing its footprint. The renovation preserved mature gardens while creating a warm, functional family environment.
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Gatineau to Barrhaven: Frustrating Bus Commute Without Train
Commuters face a challenging and frustrating bus trip from Gatineau to Barrhaven, with no train service available to ease the daily grind. Express buses from Tunney's Pasture Station remain the only option.
TTC Line 2 Subway Closure This Weekend in Toronto
The TTC announces a weekend closure on a section of Line 2 from late Friday through Sunday, affecting subway service for Toronto commuters.
Federal Investment Boosts Windsor Manufacturer's Machining Tech
A Windsor-based manufacturer, NextGen Mold Technologies, is set to acquire new machining technology through federal funding, enhancing production capabilities and supporting local economic growth in the manufacturing sector.
PwC Canada Names Domenic Marino as New CEO
Domenic Marino has been appointed as the next chief executive of PwC Canada, marking a significant leadership transition for the professional services firm. The announcement was made public on March 6, 2026.
Federal Funding Opens Door to Reform Ontario Development Charges
A $12.2 billion federal initiative aims to cut development charges by up to 50%, sparking calls for structural reforms to lower housing costs and improve affordability in Ontario's strained market.
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Slow and Steady Wins Ontario's Housing Race
Industry experts advocate for perseverance in Ontario's housing market, highlighting a decade-long project timeline and buyer advantages in a high-inventory environment.
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