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U.S. military announces $20M US grant to build cobalt refinery in Ontario

by Anas Siddiqui
U.S. military announces M US grant to build cobalt refinery in Ontario

The U.S. military has made its largest move so far in a novel national-security effort to fund mining initiatives in Canada.  The Pentagon on Tuesday announced a $20 million US …

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CBC paid out $18.4 million in bonuses in 2024 after it eliminated hundreds of jobs

by Anas Siddiqui
CBC paid out .4 million in bonuses in 2024 after it eliminated hundreds of jobs

The Canadian Broadcasting Corp. paid out $18.4 million in bonuses this year after hundreds of jobs at the public broadcaster were eliminated. Documents obtained through access to information laws show …

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New home construction rose while home sales came down in May

by Anas Siddiqui
New home construction rose while home sales came down in May

The annual rate of new home construction was up in May, while home sales were slightly down, according to data released separately on Monday by the Canada Mortgage and Housing …

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Drake’s Oilers bet with Stake is one that local NHL fans can’t make themselves

by Anas Siddiqui
Drake’s Oilers bet with Stake is one that local NHL fans can’t make themselves

Drake has seemingly bet big on the Edmonton Oilers to win the Stanley Cup Finals. A recent post on his Instagram account outlines a $500,000 US bet in favour of the …

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Mortgage debt is growing at its slowest pace in 23 years — but that could be short-lived, says CMHC

by Anas Siddiqui
Mortgage debt is growing at its slowest pace in 23 years — but that could be short-lived, says CMHC

Mortgage debt grew at its slowest pace in 23 years in February, amid high borrowing costs and reservations related to the Bank of Canada’s key interest rate — but the slowdown likely …

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Ottawa removes regulatory red tape for Trans Mountain pipeline

by Anas Siddiqui
Ottawa removes regulatory red tape for Trans Mountain pipeline

Ahead of Canada’s plan to move the Trans Mountain pipeline to Indigenous ownership, the federal government is changing how it manages the pipeline, according to a notice published Wednesday on the …

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Home sales and new home construction both drop in April

by Anas Siddiqui
Home sales and new home construction both drop in April

The annual rate of housing starts in Canada fell slightly by one per cent compared with March 2024, while the number of residential home sales dropped in the same period of …

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Canada’s next EV supply chain plant landing in Port Colborne, Ont.

by Anas Siddiqui
Canada’s next EV supply chain plant landing in Port Colborne, Ont.

The next community set for a massive boost to its local economy as part of Honda Canada’s $15-billion investment to establish a Canadian electric vehicle supply chain will be Port Colborne, Ont. Company …

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Canada Post lost $748 million last year, warns of ‘critical’ financial situation

by Anas Siddiqui
Canada Post lost 8 million last year, warns of ‘critical’ financial situation

Canada Post said Friday its financial situation is so grim it could run out of operating funds in less than a year, after the Crown corporation posted another whopping pre-tax …

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Facing hard wartime choices, Ukraine puts spotlight on men abroad who are absent from fight

by Walter Watson
Facing hard wartime choices, Ukraine puts spotlight on men abroad who are absent from fight

Ukraine is facing hard choices as it decides who to call up to the fight against an all-out Russian invasion that has lasted more than two years. Men as young as …

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