Canadian heavy oil discounts deepen on supply glut - The Globe and Mail

Reagan Zuzarte, Cara Hirsch, and Ford Shirriff (leather jacket) are part of the team at QuietMarket, a new platform that connects home buyers with privately offered new construction units at significant discounts that would otherwise only be available to purchase in bulk. As Toronto’s condo crash deepens, developers are privately selling large blocks of unsold units to investment firms at steep discounts — deals that can be nearly impossible for ordinary buyers to access. A new service is allowing individuals to access these secret sales for the first time.

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Meta has struck a deal with Mark Zuckerberg to protect him from the threat of a California wealth tax targeting billionaires. The social media company behind Facebook, Instagram and WhatsApp revealed on Wednesday night that the arrangement would keep its chief executive living in California, where its headquarters are located. Under the deal, Zuckerberg will receive new shares that could be sold to potentially foot a multibillion-dollar tax bill in the event that California passes a one-off billionaire tax. In return, he is committed to remain a resident of the state, or wherever Meta maintains its base, for eight yearsCalifornians will vote early next month on Proposition 40 – a one-time 5% tax on the roughly 250 billionaires who live in the state. Zuckerberg, worth $239bn according to Forbes, told Meta he was considering moving his primary residence elsewhere because Prop 40 could expose him to a massive tax liability, potentially forcing him to sell voting shares to pay it. In response, Meta is creating a new class of non-voting shares via a two-for-one stock split for all existing shareholders.

Nfld. & LabradorEverWind, a company planning a massive data centre in Nova Scotia for artificial intelligence giant Anthropic, is in the midst of a dispute about land fees for a failed wind-powered hydrogen project in southern Newfoundland. N. L. government confirmed Tuesday it was still trying to collect outstanding feesSarah Smellie · The Canadian Press · Posted: Oct 22, 2026 4:59 AM EDT | Last Updated: 3 hours agoListen to this articleEstimated 5 minutesThe audio version of this article is generated by AI-based technology. Mispronunciations can occur. We are working with our partners to continually review and improve the results. Trent Vichie, founder and CEO of Everwind, speaks during a funding announcement at Everwind Fuels in Point Tupper, N. S., on Friday, Oct. 16, 2026. (The Canadian Press/Steve Wadden)A company planning a massive data centre in Nova Scotia for artificial intelligence giant Anthropic is in the midst of a dispute about land fees for a troubled wind-powered hydrogen project in southern Newfoundland.

The Atlantic Lottery Corporation says tough economic times and what it calls “illegal” gaming operators are to blame for a drop in profits in the 2025-26 fiscal year. ALC’s profits were down nearly $5 million from the previous year. CEO Dallas McCready saying more people are turning away from traditional Video Lottery Terminals, a decline of nearly $10 million. Despite the drop, ALC saw a $492-million profit last yearMcCready says less foot traffic in bars and restaurants is partially to blame for poor VLT earnings. “The economic challenges, I talked a lot of bar and restaurant owners, and it’s not just that the video lottery play is down, the visits to their businesses are down.”“I think the economy is certainly having an impact on the video lottery business the most. And then some of that play is just shifting to the online play. We obviously get some of that, but a lot of it also goes to the illegal operators.”