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Business

Owen Sound printing facility to close in 2027, affecting 360 workers - CTV News

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CTV News·
Business

This is the most common day for birthdays in Canada - CTV News

AtlanticNova ScotiaNew BrunswickPrince Edward Island Newfoundland and LabradorCalgaryLethbridgeKitchenerGuelphNorthern OntarioSudburyNorth BaySault Ste. MarieTimminsOttawaKingstonBrockvillePembrokeReginaYorktonSaskatoonPrince AlbertTorontoWatchWeatherPeelHamiltonDurhamYorkHaltonNiagaraQueen's ParkToronto City HallIn PicturesVancouverVancouver IslandCanadaLocal SpotlightRoyal FamilyPoliticsNanosPower PlayQuestion PeriodFederal Election 2025WorldMideast ConflictRussia-Ukraine WarWatchLatestCaptured on CameraPoliticsLifestyleConsumerHealthExplainedEntertainmentTechnologyDeception DecodedAutosEnvironmentBusinessInflationReal EstateAutos

CTV News·
Business

Tesla unveils what it says is a flying car - CTV News

AtlanticNova ScotiaNew BrunswickPrince Edward Island Newfoundland and LabradorCalgaryLethbridgeKitchenerGuelphNorthern OntarioSudburyNorth BaySault Ste. MarieTimminsOttawaKingstonBrockvillePembrokeReginaYorktonSaskatoonPrince AlbertTorontoWatchWeatherPeelHamiltonDurhamYorkHaltonNiagaraQueen's ParkToronto City HallIn PicturesVancouverVancouver IslandCanadaLocal SpotlightRoyal FamilyPoliticsNanosPower PlayQuestion PeriodFederal Election 2025WorldMideast ConflictRussia-Ukraine WarWatchLatestCaptured on CameraPoliticsLifestyleConsumerHealthExplainedEntertainmentTechnologyDeception DecodedAutosEnvironmentBusinessInflationReal EstateAutos

CTV News·
Business

Home of the Week: A modernist homestead in an orchard - The Globe and Mail

770 MILLGROVE SIDE Rd., Millgrove, Ont. Asking price: $5,999,000Land Size: 52.135 acresAnnual Property Taxes: $15,335.49 (2026)Listing agent: Martinus Geleynse, Corcoran Horizon RealtyThe backstoryOn a rural road north of Hamilton sits a modernist architectural showpiece that uses the landscape to play down its ambitious design. In 2013, Wendy and Chris McNally had removed the nonproducing apple trees from a former orchard they owned and discovered what was left on the 50-acre piece of land were many of the tree species – oak, cherry, walnut – common to the Carolinian forest. It seemed the perfect place to build a custom home that fit their needs as they approached retirement. “It was the first time we’d built a home from scratch,” said Mrs. McNally, who said in the late 1980s she and her mining engineering husband had bought a lot from a developer, with hopes to get a home with a farmhouse feel. “They came up with a plan, but you didn’t have as much say in what you were getting.

The Globe and Mail·
Business

Friday’s analyst upgrades and downgrades - The Globe and Mail

Inside the Market’s roundup of some of today’s key analyst actionsShopify Inc.’s (SHOP-Q, SHOP-T) growth momentum remains robust, according to recent third party data, making it more likely that the ecommerce company’s third quarter results and fourth quarter guidance exceed consensus expectations, said RBC analyst Paul Treiber. “Additionally, Shopify’s recent price increase equates to an incremental 110 basis points uplift to annualized growth. We expect Shopify’s valuation to continue re-rating higher on sustained strong growth and growing recognition as an AI winner,” Mr. Treiber said in a note to clients. He maintained an “outperform” rating and raised his price target to US$200 from US$180. He detailed the data he used for reaching his conclusions: “U. S. Census data indicates U. S. e-commerce sales rose 8.2% Y/Y in the two-month period of August September (adjusts for timing of Prime Day), strengthening from 7.4% Y/Y in April-May.

The Globe and Mail·
Business

Waymo eyes Toronto launch in 2028 - CityNews Toronto

Toronto could become the first city in Canada to offer a fully autonomous ride-hailing service after Waymo announced plans to begin laying the groundwork for a launch in the city by 2028. The California-based autonomous driving company says its vehicles will soon be seen on Toronto streets as it begins the first phase of operations under Ontario’s Automated Vehicle Pilot Program.

CityNews Toronto·
Business

Stock indexes are mostly losing ground as the tech sector weighs on the market - The Globe and Mail

Wall Street ended sharply lower on Friday, with CoreWeave, Broadcom and other AI-related technology stocks under renewed pressure, while a jump in oil prices spooked traders heading into the weekend. The TSX ended with a very modest gain, with strength in the heavily weighted energy sector helping to offset losses in tech stocks, which have much less influence on the Canadian benchmark. The Nasdaq extended losses from earlier ⁠in the ​week, hammered by concerns that debt-laden AI infrastructure companies may not turn profits in time to repay debts, particularly with borrowing costs expected to rise. Nvidia-backed CoreWeave slumped 12%, bringing its loss over the past five sessions to about 25%. The data center operator’s bonds also sold off sharply this week, pushing yields above 15%. Broadcom fell 4.5%, and the ​PHLX chip index sank 3.8% in its eighth straight day of declines, ‌its longest losing streak since 2008. Investors on Friday were also watching oil prices jump around 3%. Brent touched US$110 a barrel for the first time since ​May on worries that escalating tensions ‌in the Middle East could further tighten supplies.

The Globe and Mail·
Business

Varcoe: Canadian oilsands majors 'approaching debt-free status' amid epic cash flow levels - Calgary Herald

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Calgary Herald·
Business

The World Reacts to Elon Musk's Flying Car - Business Insider

Tesla unveiled a new iteration of the Roadster that can travel upside down. Tesla’s long-delayed Roadster finally made an entrance — by flying off a ramp. At a livestreamed event Thursday night, the sports car climbed a curved ramp until it was upside down, launched into the air, flipped, and landed on its wheels, apparently aided by thrusters beneath the vehicle. “Well, it worked,” Elon Musk said during the livestream. Musk said Tesla and SpaceX engineers collaborated on the car, which uses high-pressure air and thrusters to lift itself off the ground. Tesla also showed a recorded demonstration in which the Roadster reached 60 mph in 0.81 seconds. While the legality of such a device on public roads remains in question, the tech world is reacting to Musk's new creation with awe. Here is what the leading voices in business and tech are saying about the new Roadster.

Business Insider·
Business

Waymo to launch robotaxis in Toronto. This is how the pilot program works - CP24

Self-driving taxi operator Waymo is poised to launch a test phase in Toronto, with the goal of carrying its first passengers in 2028 as part of a push to breach the broader Canadian market. The California-based ride-hailing company says the Ontario government has given it the green light to take part in a provincial pilot program that regulates testing of autonomous cars. The move could give a jolt to the province’s auto tech sector, shake up the ride-hailing market and potentially boost accessibility for the sight-loss community, observers say, even as concerns persist around safety and job security. Waymo, owned by Google parent company Alphabet Inc., says the first phase includes high-definition street mapping and data collection starting this year, to be followed by test runs of the robotaxis with a driver behind the wheel. Latest updates on company news hereWaymo co-CEO Tekedra Mawakana sought to reassure skeptics who say autonomous vehicles struggle to handle more complicated environments, including bad weather, heavy traffic or unusual situations.

CP24·
Business

Canadian steelmakers offset some U.S. tariff pain with domestic demand - BNN Bloomberg

Published: October 16, 2026 at 6:47a.m. EDTRon Wells, president of the United Steelworkers local 1005, joins BNN Bloomberg to discuss the state and future of Canada's steel industry. TORONTO -- Canada’s steel industry, among the sectors hit first and hardest by U. S. President Donald Trump’s tariffs, is starting to turn a corner thanks to an uptick in mining, energy and AI data centre projects as well as government support, although the impact has not been even across the country. While Canada is a small producer globally and steel contributes less than 1 per cent to national GDP, it is one sector in which Prime Minister Mark Carney’s efforts to make Canada’s economy less reliant on the United States appear to be having some success, albeit with a heavy dose of government intervention. Steel companies have been diversifying away from the U. S. and focusing on domestic demand since Trump increased tariffs on imported steel from 25 per cent to 50 per cent in June 2025, steelmakers, analysts and union representatives said. Canada used to send around 90 per cent of its steel exports to the U.

BNN Bloomberg·