Albertans have voted ‘yes’ to referendum questions on immigration. Here’s how Carney responded.

Trade WarUpdated: October 20, 2026 at 3:45p.m. EDTPublished: October 20, 2026 at 3:32p.m. EDTPresident Donald Trump speaks in the Oval Office of the White House on Tuesday, Oct. 20, 2026, in Washington. (AP Photo/Jacquelyn Martin) A lawsuit challenging U. S. President Donald Trump’s tariffs targeting Canada has been filed in the United States Court of International Trade. The lawsuit, filed Tuesday by the non-profit Liberty Justice Center on behalf of U. S. food importer Gellert Global Group, argues Trump’s use of a Depression-era trade statute exceeds his power as president. Trump used Section 338 of the Tariff Act of 1930 to slap an array of Canadian goods with a 50 per cent levy after trade talks broke down in August. The same statute was used the following month to ban the import of other Canadian goods, including motorcycles and some alcohol and dairy products. Liberty Justice Center CEO Sara Albrecht says in a news release that no president should have the power to pull a dormant statute off the shelf and use it to impose sweeping tariffs or import bans. The lawsuit asks the court to declare the tariffs unlawful and order a refund.

Published: October 20, 2026 at 3:09p.m. EDTBNN Bloomberg is Canada’s definitive source for business news dedicated exclusively to helping Canadians invest and build their businesses. Toymaker Hasbro raised full-year forecast for both overall revenue and its digital gaming business on Tuesday, as its flagship trading card game, “Magic: The Gathering,” powers demand ahead of the crucial holiday season. The Play-Doh maker has posted seven straight quarters of gains in digital gaming, which also includes Monopoly Go!, while stronger sales of collectibles linked to Marvel, K-Pop Demon Hunters and Transformers boosted demand for traditional toys. Its shares were up five per cent. The Wizards of the Coast and Digital Gaming segment, the company’s second-largest revenue generator, grew 31 per cent during the third quarter. Revenue from the consumer products segment rose four per cent. Latest updates on company news hereQuarterly revenue from “Magic: The Gathering” gaming franchise topped US$600 million for the first time, up 34 per cent from a year earlier, fueled by premiere sets — The Hobbit and Reality Fracture.

Published: October 20, 2026 at 2:58p.m. EDTNorthrop Grumman and RTX raised their annual profit forecasts on Tuesday, helped by robust demand from military programs that pushed their backlogs to record levels. Sustained demand for commercial aerospace services also fueled growth, both at RTX and rival engine maker GE Aerospace, which lifted its full-year forecast for a second time this year. Northrop shares jumped by 7.2 per cent in early trading and RTX gained 2.4 per cent while GE Aerospace lost 4.9 per cent on lower than expected implied fourth-quarter earnings. Geopolitical backdrop brings sustained military spendingThe results add to strong performances among U. S. aerospace and defence contractors, supported by airline maintenance spending, growing demand for aircraft engines and parts and sustained military spending at a time of heightened geopolitical tensions around the globe. Sales at RTX’s Raytheon climbed 14 per cent, driven by higher volume in naval programs and land and air defence systems, including Patriot, Standard Missile and Tomahawk.

PoliticsPublished: October 20, 2026 at 2:47p.m. EDTPrime Minister Mark Carney, left, shakes hands with President of China Xi Jinping at the Great Hall of the People in Beijing, China on Friday, Jan. 16, 2026. THE CANADIAN PRESS/Sean Kilpatrick OTTAWA — Culture Minister Mark Miller has returned from a five-day trip to China that aimed to deepen cultural ties between the two countries. Miller travelled to Shanghai, Shenzhen and Suzhou this month with dozens of representatives from Canadian creative industries. His office says seven new commercial agreements worth more than $4.2 million were signed during the trip. Almost 50 representatives from 36 Canadian companies and organizations took part, most of them from the interactive digital media industry. A government news release says Miller met with his Chinese counterpart Sun Yeli and the pair discussed ways to build commercial partnerships and create jobs in the cultural sector. In Beijing earlier this year, Prime Minister Mark Carney outlined steps to build a new strategic partnership with China, including more cultural exchanges and “people-to-people” ties. This report by The Canadian Press was first published Oct.

Published: October 20, 2026 at 2:19p.m. EDTOTTAWA — The president of the Canadian Labour Congress says proposed amendments to Canada’s labour code outlined in Bill C-39 could put decades of labour stability at risk. The 243-page bill seeks to fast-track approvals for major projects, cut their review times and create zones of “national interest” to pre-approve certain types of projects. The bill also proposes changes to Section 107 of the Canada Labour Code to state that a minister can order a business under federal jurisdiction to resume operations, or put parties into binding arbitration. Labour Congress president Bea Bruske told a House of Commons committee today those proposed new powers effectively eliminate the right to strike. Canadian Union of Public Employees national president Mark Hancock told the committee that when companies know the government will bail them out during a strike, they won’t put their best offer forward in contract negotiations.

Published: October 20, 2026 at 1:45p.m. EDTBNN Bloomberg is Canada’s definitive source for business news dedicated exclusively to helping Canadians invest and build their businesses. ByteDance, Alibaba and Tencent have ordered more than three million of Nvidia’s new RTX PRO 5500 graphics cards with a collective sticker price of over US$35 billion, two people familiar with the matter said, in a rush for a less powerful but export-compliant chip amid U. S. restrictions on trade with China. US-based chipmaker Nvidia has told customers and partners it cannot guarantee that it can fill the orders because demand from Chinese technology companies far exceeds planned production, the two sources and a third person familiar with the matter said. They requested anonymity because they are not authorized to speak to the media. The RTX PRO 5500 is a workstation chip, designed for powerful professional computers rather than the large data-center clusters that use Nvidia’s most advanced AI processors. But it is among the most powerful Nvidia chips that are still available to Chinese buyers. Nvidia’s Blackwell-based B300 data-center chip is not allowed to be sold to Chinese buyers under U. S.