Ukraine’s strikes on Russian data centres disrupt key services and derail AI research

Company NewsPublished: October 22, 2026 at 1:46p.m. EDTCanada Post plans to expand community mailboxes in 2027 as it works to modernize operations and improve its financial position. OTTAWA — The head of Canada Post says it is showing “early signs” of financial recovery despite falling revenue and bigger losses in the first half of the year. CEO Doug Ettinger says the postal service is winning back some of the parcel delivery market that has slipped away since 2019 as it continues with shipping discounts for small businesses and pushes a new online marketplace for them to sell products directly to consumers. However, he says Canada Post remains “overbuilt” in cities and must be smaller in those urban areas in the future. Latest updates on company news hereSwitching the remaining four million addresses that still enjoy doorstep delivery to community mailboxes within about five years marks a key pillar of Canada Post’s plan to overhaul its business model in the face of declining letter mail and mounting financial losses.

Published: October 22, 2026 at 1:16p.m. EDTDavid Burrows, chairman & chief investment officer at Barometer Capital Management, shares his outlook on North American Large Caps. David Burrows, Chairman & Chief Investment Officer, Barometer Capital ManagementFocus: North American Large CapsTop Picks: Cash, Suncor, Eli Lilly MARKET OUTLOOK:The stock market is sending mixed signals. While the major indexes appear resilient near their highs, the environment beneath the surface is growing increasingly choppy. We note that the market has fewer stocks participating in the rally. Smaller companies and consumers of capital, for instance, are struggling under the weight of higher borrowing costs, and the technology sector—which has led the market for so long is under pressure and is now experiencing significant outflows. Alphabet and Meta now have negative cashflow. A major driver behind this shift is the realization that inflation may be stickier than expected with recent data reaccelerating higher. With long-term interest rates climbing globally, borrowing is becoming more expensive.

Industry Minister Melanie Joly says Stelco owner Clevland-Cliffs has ‘spoken in favour of U. S. tariffs,’ putting Canadian jobs at risk. Industry Minister Melanie Joly has given Stelco 15 days to make good on its agreements with the Canadian government or face legal action. Joly made the demand in a letter to Stelco’s general counsel on Thursday. In an accompanying statement on X, she wrote that Cleveland-Cliffs, the American company that acquired the steel-producer in 2024, made legally-binding commitments which were key to allowing the transaction to move forward. “As we stand right now, the business is still taking steps to lay off 500 workers. Despite being given multiple opportunities, Cleveland-Cliffs has repeatedly failed to demonstrate that they are compliant with their undertakings. That is unacceptable.”Last month, Cleveland-Cliffs announced it would shut down part of its operation across the Hamilton and Lake Erie facilities, axing up to 500 jobs. At the time, the company cited low steel prices and tariffs imposed by U. S. President Donald Trump.

Published: October 22, 2026 at 11:49a.m. EDTBNN Bloomberg is Canada’s definitive source for business news dedicated exclusively to helping Canadians invest and build their businesses. All things considered, Julia Chung had a lot working in her favour when she was tasked with settling the estates of not one, but two, uncles who died earlier this year. As a financial planner, she has more money know-how than most. And her uncles had each clearly communicated their end-of-life wishes and ensured vital information was accessible. Even still, it’s been exhausting. “When you’re experiencing grief at the same time, which I definitely have been, there were moments where I was like, ‘I literally can’t think,’” Chung, CEO of Spring Planning, said in an interview from Vancouver. Latest economic news on BNNBloomberg.caPeople often name someone they love and trust to be executor of their estates, which involves settling debts, managing assets and tying up myriad other loose ends. It’s a time-consuming, emotionally heavy and logistically dizzying role that can sometimes bring a financial hit.

MarketsPublished: October 22, 2026 at 11:40a.m. EDTBNN Bloomberg is Canada’s definitive source for business news dedicated exclusively to helping Canadians invest and build their businesses. TORONTO — Canada’s main stock index was down more than 400 points in late-morning trading, weighed down by losses in the energy, technology and base metal sectors, while U. S. stock markets also fell. The S&P/TSX composite index was down 412.00 points at 35,912.99. Real-time TSX market updates hereIn New York, the Dow Jones industrial average was down 85.20 points at 52,770.89. The S&P 500 index was down 86.44 points at 7,670.73, while the Nasdaq composite was down 542.82 points at 26,160.04. The Canadian dollar traded for 71.28 cents US compared with 71.14 cents US on Wednesday. S&P 500 market updates hereThe December crude oil contract was up US$1.35 at US$98.50 per barrel. The December gold contract was down US$77.80 at US$4,072.20 an ounce.---This report by The Canadian Press was first published Oct. 22, 2026.

The uranium sector has a very strong fundamental profile to move higher over the long term, and demand is expected to continue to grow. Nuclear power is now considered a source of green energy and the world’s demand for energy is skyrocketing. The buildout of AI and the shift to electrically powered transportation have created new sources of demand for electricity. “Electricity is at the heart of modern economies and electricity demand grows much faster than overall energy use in all scenarios. It rises by around 40 per cent to 2035 in both the CPS and the STEPS, and by more than 50 per cent in the NZE Scenario,” according to IEA World Energy Outlook 2025. Supply is not expected to be able to keep up with demand and is expected to decline. It takes 10 to 15 years to greenfield (develop from scratch) a uranium mine. Even if more uranium mines were started today, the output would not come online for many years to come. Most analysts and experts in the field acknowledge that there is going to be a substantial shortfall in uranium production. It is just a matter of how much of a shortfall and when it occurs.