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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.

Mobileye Global is likely to gain ground as the use of its autonomous driving technology increases, per Citi.

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.

A man who was told to keep his distance from an apartment complex in the centre city has been charged for failing to do just that. Police were contacted about the unwelcome person around 5:00 yesterday morning.

Published: October 16, 2026 at 6:00a.m. EDTThink it’s time to dump Big Tech? Drew Pettit says that could be a huge mistake. Roundhill’s Chief Investment Strategist breaks down why Wall Street earnings revisions keep pushing tech higher—and reveals his 8 must-own stock picks for the rest of 2026. Some investors think it’s time to move away from big tech. Drew Pettit says that could be a dangerous mistake. His bullish case comes down to three words: revisions, revisions, revisions. In the latest episode of Ticker Take, I spoke with Pettit, chief investment strategist at Roundhill Investments, who returned to the show with his investment ideas for the rest of the year. Pettit has a strong track record, having joined us late last year with his 2026 picks, which included standout names such as Nvidia, CrowdStrike and Teradyne. His framework starts with the estimates Wall Street uses to value stocks. He said in our interview that analysts have been consistently too low on profits, and they keep having to move their numbers higher. That holds even in a messy macro environment, and Pettit says it is the main reason big tech keeps surprising people who wrote it off.

Canada’s tax system needs an overhaul. In this series, The Globe and Mail explores the bold policy choices that would attract capital, boost investment and raise Canadian living standards for generations to come. In front of an audience of hundreds of hand-picked global financial executives gathered in Toronto last month, Prime Minister Mark Carney unveiled the biggest swing Ottawa has taken in two decades to make Canada’s business tax regime more competitive. In his keynote speech at the Canada Investment Summit, Mr. Carney outlined what he called the “productivity mega deduction,” which will allow companies to immediately write off the cost of a wide range of new capital investments. The proposal has corporate Canada buzzing. Business groups have applauded the change, economists have generally given it a thumbs up (with caveats), and accountants are talking to clients about investment opportunities that were previously off the table.

There’s been a bad accident on the Manuels Bridge in Conception Bay South. Emergency responders have been on the scene of the single-vehicle crash since just after 6 this morning.

The Bank of Canada will get a raft of fresh data to start next week as it weighs what could be a pivotal interest rate decision at the end of the month. Statistics Canada is set to release its September inflation data on Monday, giving the central bank a look at how energy price pressures are influencing other parts of the consumer basket. A Reuters poll of economists expects the annual rate of inflation rose to 3.2 per cent in September, up from three per cent in August, according to LSEG Data & Analytics. Latest economic news on BNNBloomberg.caRBC assistant chief economist Nathan Janzen said he expects inflation held steady at three per cent last month. Persistently high gasoline prices tied to the ongoing war in Iran will remain the biggest fuel for inflation, he said. “We know that energy prices are high. What we don’t know yet is the extent that those higher energy prices have or are going to spill over to broader inflation pressures,” Janzen said. The Bank of Canada signalled at the start of the Middle East conflict last spring that it would look through a temporary rise in energy costs tied to the war.

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Open this photo in gallery:CREA projects the national average home price to tick 0.2 per cent higher on an annual basis to $681,681 this year. Paige Taylor White/The Canadian PressThe Canadian Real Estate Association has downgraded its forecast for home sales activity in 2026 for the third straight quarter. CREA now expects a total of 444,530 homes to be sold by the end of this year, representing a 5.2 per cent decrease from 2025. That’s down from its July forecast of a 1.4 per cent year- over-year decline, which marked a reversal from its April forecast of a one per cent gain. The association had predicted 5.1 per cent growth year-over-year in January. CREA also projects the national average home price to tick 0.2 per cent higher on an annual basis to $681,681 this year, which is around $5,000 lower than predicted in the summer. The association said its revised forecast comes amid a “roller-coaster year,” with the global energy crisis fuelling inflation risks and affecting borrowing costs.

A food analytics expert says a cyberattack like the one that recently targeted grocery store chains in France is possible here. Some 700 food retailers in that country were struck earlier this week by hackers who remotely turned up the heat in thousands of coolers and freezers causing significant food losses – and even starting fires. Sylvain Charlebois of the Food Analytics Lab at Dalhousie University says similar cyberattacks have already occurred in this country, including one affecting Sobeys in 2022. “Most of our grocers have actually been cyberattacked already,” says Charlebois. He says Sobeys had to pay a ransom of $25 million at that time. “It is a real threat to our grocers and not just our grocers, but the entire food supply chain.”(VOCM News)Charlebois suspects that the incidents in France were precipitated by a ransom demand that the grocers refused to pay. He says grocers typically have a number of systems in place to protect their inventory, but there are still vulnerabilities.

Skip to Content News Archives Economy Defence Energy Oil & Gas Renewables Electric Vehicles Mining Commodities Agriculture Real Estate Mortgages Mortgage Rates Finance Banking Insurance Fintech Cryptocurrency Defence Work Wealth Smart Money Wealth Management Investor Personal Finance Family Finance Retirement Taxes High Net Worth FP Comment Executive Women Puzzmo Newsletters Financial Times Business Essentials More Innovation Information Technology FP500 Podcasts Small Business Lives Told Tails Told Shopping Financial Post Store Obituaries Place a Notice Advertising Advertising With Us Advertising Solutions Postmedia Ad Manager Sponsorship Requests Classifieds Place a Classifieds ad Working Profile Settings My Subscriptions My Offers Newsletters Customer Service FAQ News Economy Energy Mining Real Estate Finance Defence Work Wealth Investor FP Comment Executive Women Puzzmo Newsletters Financial Times Business Essentials HomeReal EstateCanada’s housing market takes 'step back’ amid higher mortgage ratesNational benchmark home price down 3.5% in September from a year earlier as month-over-month sales slow, says CREALast updated 17 hours ago A "For Sale" sign in front of homes in

Toronto fees for a one-bedroom have gone up 3.7% in a year, according to real estate platform Wahi. Nominal fees could mean a condo building doesn’t have enough in its reserve fund to cover unforeseen repairs, experts say.

New BrunswickClean fuel charges paid by motorists on gasoline overtook New Brunswick's gas tax in size for the first time during the spring and summer, as costs of the federal policy to New Brunswick consumers surged well beyond original projections. Federal environmental policy costs overtook gas taxes as an expense for motoristsRobert Jones · CBC News · Posted: Oct 16, 2026 5:00 AM EDT | Last Updated: October 16Listen to this articleEstimated 5 minutesThe audio version of this article is generated by AI-based technology. Mispronunciations can occur. We are working with our partners to continually review and improve the results. New Brunswick drivers coped with high fuel prices for most of the spring and summer that were made worse by soaring clean fuel charges. (Kirk Fraser/CBC)Clean fuel charges paid by motorists on gasoline overtook New Brunswick's gas tax in size for the first time during the spring and summer, as costs of the federal policy to New Brunswick consumers surged well beyond original projections.

Open this photo in gallery:Prof. Suzuki is delivering presentations in Toronto, Ottawa and Calgary addressing the similar challenges facing Canada and Japan. Steven Chase/The Globe and MailOttawa should be mindful of the risks of deepening trade with China because Beijing could leverage it for economic coercion in the future, says a prominent Tokyo-based academic on a Canadian speaking tour, sponsored by Japan’s government. Kazuto Suzuki is a professor at the University of Tokyo’s Graduate School of Public Policy and a member of the government’s Council for Japan’s Growth Strategy, which aims to strengthen economic security. “If you increase dependency on China, be careful, be aware of the risks that China could use that as a weapon against you,” Prof. Suzuki said in an interview Thursday. He was speaking of Prime Minister Mark Carney’s efforts to attract Chinese investment and boost trade with Beijing. Mr. Carney and Chinese President Xi Jinping are expected to meet next month at the Asia-Pacific Economic Cooperation summit in Shenzhen and talk about next steps in a “strategic partnership” struck this year. Prof.

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