In The News: Tyler Schipper on the Stock Market and Tariffs - Newsroom | University of St. Thomas

ISTANBUL -- Prime Minister Mark Carney said Friday a Canadian company has a real shot at winning a lucrative tender to supply nuclear energy to Turkiye -- a prospect he said was remote a year ago. Carney was meeting with Turkish business leaders in Istanbul Friday, a day after he announced a new strategic partnership between Canada and Turkiye to deepen co-operation on a range of files. Energy is one of the pillars of that agreement and Carney said the AtkinsRealis bid to supply two planned Turkish power plants with the Candu nuclear reactor now has “good chances” of succeeding. He added it would have been a long-shot a year ago. “We’re in negotiations, and those negotiations are getting more intense. Probably from here to the end of the year, or around COP 31, it will be a decision for the Turkish government,” Carney told reporters in French. Prime Minister Mark Carney walks to a news conference in Istanbul, Turkey Friday, Oct. 23, 2026. THE CANADIAN PRESS/Adrian Wyld Prime Minister Mark Carney walks to a news conference in Istanbul, Turkiye Friday, Oct. 23, 2026.

Published: October 23, 2026 at 10:14a.m. EDTCeline Dion is hours away from taking the stage in Paris, France, marking her first performance in four years. Genevieve Beauchemin reports. NEW YORK — For Harry Styles’ dedicated audience, it is the can’t-miss event of the year: Tens of thousands have descended on New York City’s Madison Square Garden each night of his 30-date residency, rushing to catch the show before it concludes Halloween weekend. The stint follows the artist’s 2022 blockbuster run, when he performed 15 consecutive nights at the famous arena. And he’s not the only one embracing the format. Residencies in Las Vegas, once viewed as the final stop at the end of a long career, have attracted younger performers like Usher, Katy Perry and Lady Gaga. In 2024, Adele embarked on a 10-date Munich residency. And last year, Bad Bunny’s 31-date residency in Puerto Rico single-handedly boosted the island’s fragile economy, generating over US$200 million while extending his efforts to elevate the U. S. territory’s global profile. Celine Dion, who holds the record for the highest-grossing residency in Vegas, recently embarked on one just outside Paris.

Published: October 23, 2026 at 10:13a.m. EDTA new survey commissioned by Picton Investments and conducted by Pollara Strategic Insights found 83 per cent of Canadian investors are confident their portfolios are well diversified. Yet only 57 per cent say they are familiar with a structural shift in global equity markets that concentrates fewer companies in major stock market indices such as the S&P 500. The report suggests investors are unaware of the risk associated with the growing market weight of a small number of large companies – many tied to technology and artificial intelligence – in the same indices used as benchmarks for mutual funds and exchange traded funds (ETFs). It notes Canadian investors predominantly rely on traditional investment products including mutual funds (55 per cent) and ETFs (31 per cent). Canadian investors especially vulnerableDiversification hedges risk by strategically spreading portfolio assets among sectors, geographic regions and asset classes. It also exposes the portfolio to a wide variety of opportunity.

Published: October 23, 2026 at 9:40a.m. EDTApple’s first folding phone arrives in stores on Friday, bringing the advantages of a flexible display to iPhone loyalists. Such devices also have their own unique care and protection considerations. Folding screen phones have their upsides. Owners can have a pocket-size device that expands into a bigger seamless screen and can also act as its own stand or tripod. But the technology also requires a bit more attention than a traditional smartphone. Many users have reported shipping dates for preorders of the Duo are slipping into January, so buyers could face delays. Apple hasn’t posted any online information yet on how to take care of the Duo, and the company didn’t respond to a request on whether it plans to. But rival phone makers like Samsung and Google that have been making folding devices for years have put out guidance on caring for the devices. Here’s a look at what they advise: Should you get a screen protector? It dependsOwners of traditional smartphones know it’s wise to get a screen protector to minimize damage to the glass. For folding phones, it’s a little more complicated.

Published: October 23, 2026 at 9:39a.m. EDTBNN Bloomberg is Canada’s definitive source for business news dedicated exclusively to helping Canadians invest and build their businesses. OTTAWA — Statistics Canada says retail sales rose 1.2 per cent to $74.6 billion in August, helped by higher new car sales. The agency says sales were up in all nine of the subsectors it tracks, led by increases at motor vehicle and parts dealers which gained 1.2 per cent, boosted by a 1.5 per cent rise at new car dealers. Core retail sales, which exclude gasoline stations and fuel vendors and motor vehicle and parts dealers, were up 1.1 per cent for the month. Latest economic news on BNNBloomberg.caThe food and beverage retailers subsector gained 1.1 per cent, while general merchandise retailers added one per cent. In volume terms, overall retail sales rose 1.2 per cent in August. Looking ahead, Statistics Canada says its advance estimate of retail sales in September suggested a gain of 0.7 per cent for the month, though it cautioned the figure would be revised. This report by The Canadian Press was first published Oct. 23, 2026.

Published: October 23, 2026 at 9:04a.m. EDTRogers now owns the Leafs, Raptors, Argos, Toronto FC and the Blue Jays after purchasing the remaining MLSE stake for $4.3B. TORONTO — Rogers Communications Inc. reported a third-quarter profit attributable to shareholders of $482 million as its total revenue edged up two per cent compared with a year ago. The company says the profit amounted to 88 cents per diluted share for the quarter ended Sept. 30. The result compared with a profit of $5.71 billion or $10.54 a year ago when it saw a $5-billion non-cash gain related to its stake in Maple Leaf Sports and Entertainment and $151-million gain on the redemption of long-term debt. Latest updates on company news hereOn an adjusted basis, Rogers says it earned $1.29 per diluted share in its latest quarter, down from an adjusted profit of $1.37 per diluted share a year ago. Revenue totalled $5.44 billion, up from $5.35 billion in the same quarter last year, while service revenue amounted to $4.78 billion, up from $4.74 billion.