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PM Carney says Canada will miss its near-term emissions targets, as the federal government shifts climate policy to prioritize affordability and energy growth. OTTAWA — Canada’s oil and gas sector accounted for a lower level of emissions in 2025, despite boosts in production, while the country’s overall emissions ticked up thanks to increased reliance on natural gas to heat homes. Those are among the findings in the Canadian Climate Institute’s annual national emissions report, released Thursday. The institute, which receives three-quarters of its funding from the federal government, is releasing early estimates of Canada’s year greenhouse gas emissions. Ottawa’s estimates for 2025 are expected in April. The institute found Canada’s total emissions increased in 2025 by about one per cent in 2025 to 691 million tonnes of carbon dioxide, which is equivalent to the emissions produced by 161 million gas-powered passenger vehicles driven for one year.

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As Canada drifts further from its climate targets, the country is also making little progress in electrifying its economy and decarbonizing the grid. The latest Early Estimate of National Emissions finds that Canada’s emissions rose about 1 per cent in 2025, leaving the country far from meeting its climate targets.

Feds say they will aim to have all major financial institutions on board by next summer. Canada’s long-awaited instant payment system, Real-Time Rail (RTR), likely won’t include any of the country’s largest banks as participants in its first phase, BetaKit has learned.

Folk Canada holds its annual conference Oct. 14 to 18 at the Sheraton in Downtown Hamilton this year. The event brings together more than 1,000 musicians and industry professionals for a weekend of workshops and networking and sees dozens of artists showcasing in front of concert promoters and festival presenters in the hopes of landing gigs for the following year.

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

Oil price forecasts help central banks assess risks to inflation and economic activity. Forecasters often rely on the latest price of oil, on futures markets or on economic models. The best approach depends on how far ahead forecasters are looking and whether they need only a forecast or also an explanation of what’s behind it. Oil is a key input when producing and transporting everyday goods, and its price affects costs across the economy, including the price consumers pay for gasoline. Oil prices can change quickly as new information reaches the market about supply, world events or the global economic outlook. The closure of the Strait of Hormuz early in 2026 provides a good example of this.

Surging trading volumes, rapid regulatory change and well-publicized controversies in respect of United States prediction markets have brought new prominence to the regulation of prediction markets. Until this year, there had been no formal guidance provided for businesses looking to offer trading in prediction market contracts (also referred to as “event contracts”) in Canada in accordance with existing regulatory frameworks, and, in particular, there has been significant uncertainty concerning the application of securities law restrictions to the trading of event contracts. Helpfully, the Canadian Investment Regulatory Organization (CIRO) and the Canadian Securities Administrators (CSA) (the umbrella group of provincial and territorial securities regulators) have now set out the terms on which registered CIRO dealer-members may be permitted to facilitate trading in certain narrowly prescribed classes of event contracts.

The world is more dangerous and divided. The international rules-based order is fading, and global conflict rages on. Canada’s Government is focused on what we can control: rebuilding, rearming, and reinvesting in the Canadian Armed Forces (CAF). In October 2025, Canada’s new government established the Defence Investment Agency (DIA) to overhaul and streamline our defence procurement. Since then, the DIA has facilitated key purchases that strengthen Canada’s strategic autonomy. In a rapidly changing world, Canada must move quicker to keep Canadians safe. That is why the Government of Canada introduced Bill C-40: Strengthening Canada’s Defence Sector, to establish the DIA as a Crown corporation. This reform will provide the DIA with the authorities, operational flexibility, specialized expertise and organizational structure needed to deliver critical capabilities quicker. The DIA will have greater commercial flexibility and more autonomous approvals, allowing it to work better with industry and deliver better value for money. It will maximise Canada’s generational defence investments to strengthen our industrial base, supply chains, and sovereign capabilities.

Corelight establishes Corelight Canada to deepen support for Canadian customers, partners, government agencies, defence, and critical infrastructure. Corelight, a leader in enabling the defensible AI SOC, announced the establishment of Corelight Canada, a standalone entity created to work more closely with customers, partners, and public sector organizations in Canada.

As Canadian species continue to fall, governments must apply the same urgency and ambition to fast-tracking nature's recovery as they are bringing to development. , /CNW/ -- The average size of monitored wildlife populations worldwide has fallen 73 per cent since 1970, according to World Wildlife Fund's Living Planet Report (LPR) 2026. The finding underscores the continuing scale and severity of global wildlife decline and sustained pressure on the ecosystems both people and wildlife depend on. Canada is contributing to this global trend. From salmon to caribou, wildlife populations nationwide have been steadily falling for decades despite our country's vast terrestrial landscapes, ocean and freshwater ecosystems. Caribou on the alpine tundra in the Yukon. © Jukka Jantunen/Shutterstock