Tunnelling Starts on Downtown Toronto's New Subway Line
Construction has officially begun on the downtown stretch of Toronto's Ontario Line, with tunnel boring machines now digging beneath the city to expand transit infrastructure.
Category : Business
Imperial Oil Spill Cleanup Underway in Northern Alberta
Cleanup operations have commenced following an Imperial Oil spill in northern Alberta. The incident has prompted environmental concerns and regulatory oversight as crews work to mitigate impacts on the local ecosystem.
Wall Street Holds Record Highs as Oil Prices Climb
U.S. stock markets reached new record levels on Wednesday, April 16, 2026, demonstrating resilience even as rising oil prices added inflationary pressure to the economy.
Stellarton Care Workers Join CUPE Strike in Nova Scotia
Long-term care workers in Stellarton, Nova Scotia, have joined a CUPE strike, highlighting ongoing labor disputes in the healthcare sector amid broader regional news coverage.
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Amherstburg Votes to Protect Historic School Despite Developer Warning
In a narrow 4-3 vote, Amherstburg council has signaled intent to designate the former General Amherst High School for heritage protection, despite developer warnings this could deter investment during a housing crisis.
KingSett, Choice Properties Buy First Capital for $9.4B
In a major real estate consolidation move, KingSett Capital and Choice Properties REIT have agreed to acquire First Capital Realty in a landmark transaction valued at $9.4 billion.
Stocks Near Records as Market Awaits Iran War Clues
U.S. stock markets hover around all-time highs as investors await developments in the Iran conflict, with the S&P/TSX composite also rising. The financial world remains cautiously optimistic.
ADF Group Profit and Revenue Drop Due to U.S. Tariffs
ADF Group Inc., a Quebec-based steel superstructure manufacturer, has reported a decrease in profit and revenue, attributing the downturn to U.S. tariffs impacting its operations.
Allbirds Soars 582% After Rebranding as AI Company
Former wool sneaker maker Allbirds announces dramatic pivot to AI computing infrastructure, sending shares soaring 582% in a single trading day as company plans $50M convertible debt offering.
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PepsiCo's Price Cuts and Brand Refreshes Power Quarterly Beat
PepsiCo exceeded quarterly expectations through strategic price reductions and brand revitalization efforts, showcasing resilience in a competitive market.
Child Injured in School Bus and Dump Truck Crash on Hwy. 11
A serious collision between a school bus and a commercial dump truck on Highway 11 in Oro-Medonte, Ontario, has resulted in a child being hospitalized. The incident occurred on Thursday, April 16, 2026, prompting emergency response and investigation.
Langley Firm Fined $575K for Fatal Wall Collapse
A Langley construction company has been ordered to pay $575,000 in fines and surcharges after being found guilty of criminal negligence in a 2012 workplace accident that killed a pipelayer and injured another worker.
Vancouver Waterfront: Visionary Plaza or Tower?
As Toronto transforms its waterfront, Vancouver faces a critical decision: approve a controversial 22-storey office tower or seize the last chance to create a spectacular public plaza with stunning mountain views.
Oakridge Park Food Court Opening Delays Create Tenant Uncertainty
Delays and high costs at Oakridge Park's Time Out Market food court are causing operational challenges for tenants, with some questioning the spring opening timeline amid ongoing construction.
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Collective Kitchens Power Calgary Food Startups
Shared commercial kitchens like Kaladi Collective are enabling food entrepreneurs in Calgary to launch businesses without prohibitive equipment costs, while ensuring regulatory compliance and food safety for consumers.
Spirit Airlines Liquidation Looms Amid Fuel Price Surge
Spirit Airlines confronts potential liquidation as escalating jet fuel prices, driven by U.S.-Iran conflict, worsen its bankruptcy woes. Creditor talks are ongoing, with decisions possible this week.
Rogers Satellite Expands to U.S. via T-Mobile Deal
Rogers Communications has announced a strategic partnership with T-Mobile to extend its satellite coverage into the United States, marking a significant expansion of its telecommunications services.
U.S. Relaxes Day-Trading Rules, Boosting YOLO Trading Risks
New U.S. regulatory changes have loosened day-trading restrictions, opening the door for more speculative YOLO trading strategies and significantly increasing financial risk for retail investors.
Iran War Clouds European Corporate Earnings Outlook
Escalating tensions between Iran and the U.S. are casting a shadow over European corporate earnings, with analysts warning of potential market volatility and economic disruption amid fragile investor sentiment.
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Windsor Fast-Tracks Transit Plan Review After $8M Deficit
The City of Windsor is expediting its review of the Transit Windsor master plan following an $8 million deficit, aiming to address financial challenges and improve public transportation services.
Truck Fire Closes Westbound Île-aux-Tourtes Bridge
A major truck fire has forced the closure of the westbound lanes on Montreal's Île-aux-Tourtes Bridge, causing significant traffic disruptions and emergency response.
BitFuFu Sponsors Bitcoin 2026, Launches S21 XP Mining at $9.5/T
BitFuFu Inc. announces its sponsorship of Bitcoin 2026 in Las Vegas and launches a new hosted mining service for the ANTMINER S21 XP at $9.50 per terahash per second, offering competitive rates and full ownership for customers.
Oatly Launches Three New Oat Drinks Across Canada
Oatly introduces Oatly Matcha, Oatly Organic Barista, and Oatly 4 Ingredient oat drinks nationwide in Canada, marking the brand's first portfolio expansion in the region amid growing consumer demand.
Carney's Majority Dims Alberta Pipeline Hopes
Prime Minister Mark Carney's newly secured majority Liberal government reduces pressure to fulfill energy promises to Alberta, likely ending prospects for a new West Coast oil pipeline.
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Global Uranium Completes Radiometric Survey at Wyoming Project
Global Uranium Corp. has released final results from its 2025 high-resolution ground radiometric survey at the Airline Project in Wyoming, refining uranium targets and identifying new anomaly zones for future drilling.
Ottawa May Widen Carling Underpass for Civic Campus Transit Link
Ottawa city officials are exploring plans to expand the Carling Avenue underpass, aiming to improve transit connectivity for the new Civic Campus hospital. This infrastructure project could enhance access and reduce congestion in the area.
BusinessWISE Pension Plan Earns 8.1% Return in 2025
The BusinessWISE Trust Pension Plan achieved a net annual return of 8.1% in 2025, showcasing robust performance in a challenging economic climate. This result highlights effective investment strategies and financial management.
TSMC Profit Jumps 58%, Warns on Iran War Impacts
Taiwan's TSMC announces a 58% profit increase but highlights potential disruptions from the Iran war, impacting global semiconductor supply chains and tech markets.
U.S. Nears Net Crude Exporter Status Amid Iran Conflict
The ongoing conflict in Iran has driven the United States close to becoming a net crude oil exporter for the first time since World War II, reshaping global energy markets and economic dynamics.
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Europe's Jet Fuel Supply May Last Only Six Weeks: IEA
The International Energy Agency's head, Fatih Birol, warns Europe has about six weeks of jet fuel left, highlighting severe energy security risks amid global tensions.
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