Ontario 2026 Budget: Small Business Tax Cut, AI Funding
Ontario's 2026 budget introduces a small business tax cut and significant AI funding, while facing challenges from declining LCBO revenue and a nearly doubled deficit.
Category : Business
BMO Aims for 15%+ ROE by 2028 via U.S. Expansion, AI
Bank of Montreal plans to boost return on equity above 15% by 2028 by strengthening its U.S. operations, deepening client relationships, and leveraging artificial intelligence for efficiency gains.
Ontario Deficit Doubles in $244.2 Billion Budget
Ontario's 2026 budget reveals a near-doubling deficit to $244.2 billion, citing unpredictable economic shocks. The plan outlines significant impacts on public finances and pocketbooks across the province.
Canadian Pilots' Bodies Repatriated After LaGuardia Collision
The remains of the Air Canada Express pilots who died in a tragic collision with a fire truck at New York's LaGuardia Airport will be returned to Canada, as authorities continue the investigation.
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Lavo Plant Workers in Montreal Threaten Unlimited Strike from Friday
Workers at the Lavo plant in Montreal have issued a threat of an unlimited strike beginning this Friday, escalating labor tensions in the manufacturing sector.
Cyclist's Widow Speaks on Calgary Traffic Safety After Tragedy
Chelsea Meza shares her story as part of the Drive to Zero campaign, urging vigilance after her husband Cory was killed in a 2020 collision. Calgary Police report rising fatalities.
Alberta Data Centres Could Increase Power Prices
Alberta's push to attract billions in data centre investment could strain the provincial power grid, potentially leading to higher electricity prices for households despite economic benefits.
Calgary Seeks Public Input on Future of Hudson's Bay Building
A public information session is scheduled for Thursday night in Calgary to discuss potential redevelopment options for the iconic Hudson's Bay building downtown.
Gas Prices Surge Amid Trump's Iran War, Oil Supply Disrupted
President Trump's war in Iran has led to a sharp rise in gas prices, with the U.S. average climbing nearly $1 per gallon as oil barrel prices exceed $100, driven by Middle East conflict closing the Strait of Hormuz.
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New $35M Seniors' Lodge Coming to Vulcan, Alberta
Vulcan, Alberta, is set to construct a new $35-million seniors' lodge to replace the aging Peter Dawson Lodge, with 62 affordable units and modern amenities to support the growing senior population.
Bank of Canada Better Prepared for Supply Shocks After Inflation Lesson
Senior Deputy Governor Carolyn Rogers admits pandemic-era inflation persistence surprised central bankers, prompting improved forecasting methods and real-time data integration to handle future economic disruptions.
Strait of Hormuz Shutdown Fuels Risk of $150 Oil in Markets
Financial markets indicate growing concerns over oil prices potentially surging to $150 per barrel as the Strait of Hormuz remains closed, disrupting global crude shipments and heightening geopolitical tensions.
Travel Boycott Hits Duty-Free Stores with 50% Revenue Loss
Canadian duty-free stores face severe revenue declines as U.S. travel boycott reduces cross-border traffic by 22%, with some businesses reporting losses up to 50%.
Westland Insurance Names Cari Watson as EVP for Client Experience and Digital
Westland Insurance Group has appointed Cari Watson as Executive Vice President of Client Experience and Digital, effective March 30, 2026. Watson brings over 25 years of insurance industry experience to this strategic leadership role.
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Alberta Gas Price Relief Delayed Until July, Smith Says
Alberta Premier Danielle Smith advises residents to wait until July for potential gas tax relief, citing legal requirements and current economic factors amid high pump prices.
Bank of Canada Rethinks Inflation Framework Amid Shocks
Senior Deputy Governor Carolyn Rogers indicates the central bank is evaluating its inflation-targeting approach to better handle ongoing economic disruptions and supply chain volatility.
Ontario Cuts HST on New Homes to Boost Affordability
Ontario Premier Doug Ford announces significant HST reductions on new homes, eliminating tax for properties under $1 million and providing relief up to $1.85 million to stimulate construction and improve housing affordability across the province.
800-Year-Old Math Tool Could Predict S&P 500 Bottom
Equity traders are turning to the 800-year-old Fibonacci retracement principle to identify potential market bottoms as the S&P 500 faces its worst month in a year, with technical analysis suggesting further declines ahead.
Calgary Tech Sale Brings Hefty Payday to Employee-Owners
The sale of a Calgary-based technology firm is set to provide a significant financial windfall for its 650 employees, who hold ownership stakes, marking a transformative moment for the local tech scene.
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Toronto Road Closures, Transit Boost for FIFA World Cup
Toronto is implementing road closures and increasing transit service to manage crowds and ensure smooth operations during the upcoming FIFA World Cup events in the city.
Transform Your Garage into a Multi-Functional Space
Discover how to repurpose your garage beyond car storage into an office, gym, hobby room, or organized storage area with expert design tips and durable flooring solutions.
Over Half of Canadians Say Their Home Isn't Ideal: Report
A new report indicates that more than 50% of Canadians feel their current residence does not meet their ideal living standards, highlighting widespread housing dissatisfaction across the country.
Boralex CEO on $9B Brookfield Buyout and Equity Plans
Patrick Decostre, CEO of Boralex, details the strategic benefits of the $9 billion acquisition by Brookfield, addressing stakeholder impacts and future equity considerations in the renewable energy sector.
Innisfil Intersection Safety Upgrade Improves Road Security
A key intersection at Big Bay Point Road and 20th Sideroad in Innisfil, Ontario, has undergone significant safety enhancements to address traffic concerns and improve driver and pedestrian safety in the community.
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Toronto's Transit-First Plan for FIFA World Cup 2026
Toronto is implementing a comprehensive 'transit-first' mobility strategy to manage transportation during the FIFA World Cup 2026, aiming to reduce congestion and enhance fan experience.
Markets Could Be Wrong on Interest Rates, Strategist Says
Karl Schamotta of Corpay discusses how currency markets are reacting to geopolitical events like the Iran war, cautioning that enthusiasm may not align with economic realities.
Bank of Canada Confronts Tough Structural Economic Challenges
The Bank of Canada acknowledges significant hurdles in addressing deep-seated structural economic shifts, as it grapples with evolving financial landscapes and policy adjustments.
OC Transpo Ends 2025 with $52M Deficit
OC Transpo, Ottawa's public transit system, reported a significant $52 million deficit for the year 2025, highlighting ongoing financial struggles and operational hurdles.
Over Half of Canadians Dissatisfied with Homes: Report
A new report indicates that more than 50% of Canadians are not content with their current living situations, highlighting widespread concerns in the housing market.
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Stagflation Returns Amid Iran War's Economic Fallout
The conflict in Iran is triggering stagflation fears worldwide, with rising inflation and stagnant growth threatening economies from the UK to the US. Energy price surges and supply chain disruptions are hitting households and businesses hard.
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