‘Potentially irreversible harm’: Scientists sound alarm on PM Carney’s Bill C-39

OTTAWA — Canadian officials haven’t ruled out the possibility of a snap trade deal with the United States ahead of next month’s midterm elections, according to sources with direct knowledge of the talks. Though they cautioned that the hope remains faint. How to set CTV News as your preferred source on GoogleCanada-U. S. Trade Minister Dominic LeBlanc and Canadian Ambassador to the U. S. Mark Wiseman briefed Prime Minister Mark Carney’s Advisory Committee on Canada-U. S. Economic Relations on the state of play in a Thursday morning meeting, according to four sources with knowledge of the call. It marks the group’s first meeting since Sept. 4. The briefing comes a day after Carney said he spoke with U. S. President Donald Trump “for quite some time” on Wednesday morning. Carney said the two leaders discussed trade, the Iran war and the Middle East, though his office issued no formal readout of the call. Prime Minister Mark Carney speaks about Canada's response to new U. S. tariffs as Canada-U. S. Trade Minister Dominic LeBlanc and chief trade negotiator Janice Charette listen during a news conference on Parliament Hill in Ottawa on Saturday, Aug. 22, ...

Published: October 22, 2026 at 4:45p.m. EDTBNN Bloomberg is Canada’s definitive source for business news dedicated exclusively to helping Canadians invest and build their businesses. VANCOUVER — Lululemon Athletica Inc. is appointing a former member of its executive team to its board to appease the retailer’s founder. The Vancouver-based apparel company says Tara Poseley, who served as the company’s chief product officer from 2013 to 2015, joined its board effective Monday. Poseley has more than 30 years of experience across specialty retail, apparel and beauty, the company said, having most recently served as chief executive of Paula’s Choice Skincare from 2016 to 2023. Before her first stint with Lululemon, she was senior vice-president and president of Kmart Apparel from 2010 to 2013. She also spent nearly 15 years at Gap Inc. where she held senior roles across product and marketing. Latest updates on company news here“I am honoured to join Lululemon’s board at this pivotal time for the company,” said Poseley in a news release. “I have a deep appreciation for Lululemon’s culture of innovation and commitment to creating exceptional products and guest experiences.

OTTAWA - More than 50 of Canada’s top scientists and scholars are warning that Prime Minister Mark Carney’s marquee legislation aimed at fast-tracking major projects needs to be amended, or the federal government is risking “costly and potentially irreversible harm,” to the environment. In an open letter published Thursday, 56 fellows from the Royal Society of Canada outline six specific amendments they say need to be made to Bill C-39, the Building Canada Strong Act. The scientific experts write that while they support the bill’s central aim of streamlining project assessments, there are several clauses within the legislation that need to be altered or scrapped entirely. They say the changes are needed for the government to keep its promise to protect species at risk, delicate ecosystems, natural resources and human well-being. “Bill C-39, as drafted, really puts aside a lot of the environmental regulations and laws that we have in place in Canada to protect nature and protect our waters, protect our air,” said Dr. Sarah Otto in an interview with CTV News.

Published: October 22, 2026 at 3:14p.m. EDTOTTAWA — The Conservatives are calling on the government to implement temporary resident exit tracking, boost collaboration with the provinces and further reduce permanent residency admissions in the coming immigration levels plan. Conservative immigration critic Michelle Rempel Garner outlined these and other demands in a press conference today, and blamed government policy for a rise in anti-immigrant sentiment in recent years. She said the government should be putting more emphasis on integrating newcomers to restore faith in the system and ease social tensions around immigration. Prime Minister Mark Carney said Wednesday the government “will not budge” on its goal of making immigration numbers sustainable and its plan is “getting them to that level now.”Last year’s immigration levels plan, which set a target of admitting 380,000 permanent residents annually between 2026 and 2028, also included two programs aimed at giving permanent status to more than 130,000 temporary residents who aren’t included in the broader target. The government must provide an updated levels plan in the next few weeks.

Published: October 22, 2026 at 2:58p.m. EDTKeith Buchanan, partner and senior portfolio manager at Globalt Investments, joins BNN Bloomberg to share his Hot Picks in financials. The U. S. financial sector offers a window into business activity and consumer finances. Trading, initial public offerings, advisory work and credit trends help reveal the economy’s health. BNN Bloomberg spoke with Keith Buchanan, senior portfolio manager at Globalt Investments, about his three financial stock selections and how he evaluates opportunities across banking and insurance. How to set BNN Bloomberg as your preferred source on GoogleKey TakeawaysProfitable underwriting and investment income support Travelers’ appeal as a source of relatively stable earnings, Buchanan said. Travelers’ geographic reach helps diversify exposure to concentrated risks, including weather-related losses. Aflac faces pressure from rising Japanese interest rates and a weaker yen, but Buchanan said those concerns have also helped improve its pricing environment. Wells Fargo’s asset cap removal creates an opportunity to grow earnings and narrow its valuation gap with other major banks, provided it executes effectively.

Published: October 22, 2026 at 2:44p.m. EDTBenjamin Klein, senior portfolio manager at Baskin Wealth Management, joins BNN Bloomberg to discuss the markets. NEW YORK -- The tab for the next round of the AI buildout came due on Thursday. Investors sold shares of Meta Platforms and a wealth of companies central to the AI trade, a day after Meta -- one of the so-called hyperscalers spending billions to build data centres and other infrastructure supporting the AI boom -- said it would issue a new class of shares that will help it raise funds. Meta fell eight per cent, its largest drop since July. SpaceX declined nine per cent and semiconductor giant Nvidia -- a bellwether of the AI trade -- dropped four per cent. The Nasdaq Composite was on track for its largest decline in four months. A 10 per cent plunge in shares of semiconductor company Lam Research following its results also weighed on sentiment and sent the semiconductor index to its largest decline since July. Latest updates on investing hereThe pullback is the latest test for the AI trade, focusing on the rising costs of a long-term project the payoffs from which remain uncertain and will likely be unevenly distributed.