PM Carney, Trump spoke this morning ‘for quite some time,’ addressed ‘some of the issues around trade’

Companies controlled by billionaire B. C. property developer Terry Hui allege that the Canada Revenue Agency has engaged in a “pattern of misconduct” in its attempts to collect on ballooning tax debts dating as far back as 2007. Five companies within Hui’s real estate development group are targeted in the audit by the CRA, including Adex Securities, One West Holdings, a B. C. numbered company and two Luxembourg-based shell companies. The companies filed an application in Federal Court this month, claiming the government has wrongfully moved to collect on tax debts totalling nearly $330 million, most of which is accrued interest. The application says the group is involved in capital-intensive real estate projects in Toronto, Vancouver and Calgary and the audit, initiated in 2013, focused on transactions that relied on Canada’s tax treaty with Luxembourg. The companies say in the application that they’ve received tax debt assessments this year, with Adex owing $45 million and interest of more than $65 million, while the two Luxembourg-based companies owe together more than $92 million and $127 million in interest.

BNN Bloomberg is Canada’s definitive source for business news dedicated exclusively to helping Canadians invest and build their businesses. AT&T expects average revenue per fiber customer to extend its third-quarter decline into the fourth, as more customers sign up for discounted bundles, suggesting its subscriber-growth strategy is coming at the cost of lower spending per user. The company’s shares fell 6.5 per cent on Wednesday, while rivals T-Mobile and Verizon dropped about 3 per cent. Bundling broadband plans with wireless services and heavy discounts is seen as a critical move by US telecom carriers as a way to attract and retain customers in a competitive market. About 43 per cent of households signing up for AT&T’s internet services also opted for its wireless plans. CEO John Stankey said AT&T had “every reason to believe that a converged customer that’s sitting on fiber is going to be a sticky and high lifetime value customer.”Latest updates on company news hereThe broader telecom industry is banking on customer loyalty amid concerns that SpaceX’s plans to build a terrestrial wireless network could intensify competition.

Trade WarUpdated: October 21, 2026 at 4:01p.m. EDTPublished: October 21, 2026 at 3:59p.m. EDTAmbassador Pete Hoekstra says the U. S. is ‘closely watching’ potential election interference being committed by Canadian politicians. OTTAWA — The U. S. embassy in Canada has released a list of quotes from Canadian politicians which it says indicate “plans to influence American politics.”Industry Minister Melanie Joly is quoted five times in the list the embassy released today. It includes context-free quotes from Joly about pressuring American businesses and targeting U. S. states, which addressed Canada’s response to American-imposed tariffs. U. S. Ambassador to Canada Pete Hoekstra speaks during a fireside chat at the SpaceBound 2026 Conference in Gatineau, Que., on Tuesday, Oct. 20, 2026. THE CANADIAN PRESS/Keito Newman U. S. Ambassador to Canada Pete Hoekstra speaks during a fireside chat at the SpaceBound 2026 Conference in Gatineau, Que., on Tuesday, Oct. 20, 2026.

A New Mexico judge ruled Wednesday that Meta must pay US$25 billion to the state after a jury found last month that the social media giant had deceived users in a case related to the Cambridge Analytica scandal, according to media reports. The penalty comes a couple of months after Meta agreed to pay $18 billion to settle claims brought by 48 other states, including allegations tied to Cambridge Analytica. Cambridge Analytica was a political consulting firm found to have improperly harvested personal data from millions of Facebook users for targeted political advertising, notably during the 2016 U. S. presidential election. Cambridge Analytica offices in London, England Building in central London that contains Cambridge Analytica offices, seen on March 23, 2018. (Alastair Grant / AP) Revelations at the time showed that the firm had obtained data gathered through a personality quiz app called “thisisyourdigitallife,” which was installed by about 270,000 users but also collected information on their friends. In total, the app reached roughly 87 million Facebook users worldwide.

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You’re looking at Canada’s first robotic roof truss manufacturing line, and it is located in Huron County, Ont. “The robotics go slower than human beings, but they’re consistent,” said the Founder and President of Atlas Engineered Products, Hadi Abassi. Abassi bought Clinton Truss in 2018, with the idea of revolutionizing how roof trusses were built in Canada. Two years ago, he started construction of this $20 million facility in Vanastra, Ont., to robotically manufacture roof trusses, streamlining the production process from start to finish. “And not just trusses. We have the same system, and same vision for the component construction, for the walls section and floor sections,” said Abassi. With 10 factories across Canada, Abassi aims to build homes piece by piece, and deliver them to construction sites across North America, speeding up the on-site home construction process. Atlas Engineered Products Atlas Engineered Products unveils Canada’s first robotic roof truss manufacturing line, located in Vanastra, Ont. on Oct. 21, 2026. (Scott Miller/CTV News London) “We will take a set of plans. We will break it out. We build it like a jigsaw puzzle. Very simple puzzle.