Business

The water category continues to innovate to fuel shifting consumer needs With hydration and wellness top of mind, consumers are seeking beverages that do more. The evolving water category reflects this shift, as suppliers rethink the everyday staple with new formats, functions and flavours designed to meet changing consumer needs.

The health and wellness movement has become a major driving force that is reshaping the alcohol beverage industry. NIQ insights show that, in Canada, “the no/low alcohol (NOLO) category is evolving into a yearround growth engine, driven by shifting consumer habits, broader usage occasions, and a fundamental reframing of moderation.”

Open this photo in gallery:IDBI Bank headquarters in Mumbai in 2023. Fairfax's purchase of a controlling stake in the bank is the largest foreign investment made in India's financial services sector. Niharika Kulkarni/ReutersFairfax Financial Holdings Ltd. FFH-T is taking on another bank turnaround by acquiring control of India’s IDBI Bank for US$5.6-billion, the largest foreign investment ever made in the South Asian country’s financial services sector. Toronto-based Fairfax is buying a 60.72-per-cent stake in IDBI Bank from the government of India, according to a press release on Wednesday from India’s federal Department of Investment and Public Asset Management.

Bank of America (BAC. N), has been fined $1.21bn by US regulators for widespread failures to detect ‌potential money laundering and other illicit activity, a penalty the bank said will hurt third-quarter earnings. The US treasury department said the fine, the third-largest in department history, is due to the bank’s failure to report more than $5bn in suspicious activity to the government, including $1bn that posed national security-related and other priority illicit finance risks. “Financial institutions are on the ​front lines of protecting our economic and national security,” the treasury secretary, Scott Bessent, said in a statement. “When a bank of this size ​fails to meet its anti-money laundering and sanctions obligations, the consequences extend far beyond its own walls, exposing the ⁠entire US financial system to significant illicit finance risks.”The treasury said the bank “prioritized its revenues” in building compliance programs, and overly relied on inquiries ​from outside parties such as law enforcement and other financial institutions instead of its own internal controls.

Mike Satterlee learned how to use 3D printers as a high school freshman. Now age 19, he's growing his business CruiseCup instead of attending college.

ShareHow I Made ItMike Satterlee, 19, is the CEO and founder of CruiseCup, a business that sells 3D-printed and stainless steel can coolers that reload from the top or the bottom. CruiseCup sells its products on its website, TikTok shop and Amazon. It brought in $808,000 in 2025 gross revenue, according to documents reviewed by CNBC Make It. Satterlee runs the business out of a warehouse in Clifton Park, New York.07:48Wed, Oct 14 202611:24 AM EDTValentina DuarteMarisa ForziatiChristina LocopoMegan Sauer

Published: October 14, 2026 at 11:16a.m. EDTBNN Bloomberg is Canada’s definitive source for business news dedicated exclusively to helping Canadians invest and build their businesses. HONG KONG — China’s exports surged 36.3 per cent in September from a year earlier, its customs agency said Wednesday, putting the country on track to surpass last year’s record trade surplus even as pressure mounts from trading partners, including the European Union, to rebalance trade. The increase beat economists’ expectations and was stronger than the 25 per cent year-on-year growth in August. High-tech goods including semiconductors and automobiles helped fuel its rising shipments overseas. September’s export growth pace was the fastest since February, according to a compilation of official data by FactSet. Imports climbed 31 per cent in September year-on-year, also accelerating from August’s 28.2 per cent rise. Still, China recorded a US$133.5 billion trade surplus last month, widening from US$119.1 billion in August.

Portage la Prairie RCMP used a drone and Police Dog Services to locate a suspect hiding in deep brush near a commercial business on 4th Avenue Northeast on Oct. 10. A 44-year-old Winnipeg man faces multiple charges following the alleged break-in. Facebook/Portage la Prairie RCMP A property owner’s discovery of a suspect inside a secured commercial compound led to a police drone search and an arrest in Portage la Prairie, with a Winnipeg man now facing multiple charges.

With Thanksgiving weekend behind us, Costco Canada shoppers are being advised to check whether they’ve purchased a product included in the latest recall. On Tuesday, Costco Canada shared a notice from California-based company Kevin’s Natural Foods, stating that it’s recalling its turkey gravy across several provinces due to undeclared mustard.

Federal Reserve interest-rate decision later this month may be a closer call than previously thought after Labor Department data showed consumer prices were up 3.7 per cent last month from a year earlier, well above the Fed’s 2 per cent target and moving in the wrong direction. Higher gasoline prices from the Middle East war were a main driver. Excluding volatile food and energy prices, the core consumer price index (CPI) was up 2.6 per cent, more than the 2.5 per cent economists polled by Reuters had projected.

Open this photo in gallery:TD and BMO are among nine U. S. lenders accused by the Office of the Comptroller of the Currency of having denied or limited access to financial services for some customers. Andrew Lahodynskyj/The Canadian PressToronto-Dominion Bank TD-T and Bank of Montreal BMO-T are among a list of nine lenders identified by a major U. S. banking regulator as having “denied, debanked and discriminated” against customers and businesses on political grounds, after President Donald Trump’s calls to stem these activities.

Opportunities abound for 1st-time homebuyers as housing market softens WATCH ABOVE: Opportunities abound for 1st-time homebuyers as housing market softens – Mar 27, 2026

The Canadian dollar was weaker Wednesday morning, dipping below 70 U. S. cents. At 9:15 a.m. CDT the Canadian dollar was trading at US$0.6990 or US$1=C$1.4306 which compares with Tuesday’s close of US$0.7031 or US$1=C$1.4222.