65 h. ago Rockcliffe Labs Launches $75 Million Canadian Development Financing at $10 per Share, Reflecting $300 Million Post

TORONTO, Oct. 02, 2025 (GLOBE NEWSWIRE) — Rockcliffe Labs Inc. (“Rockcliffe Labs” or the “Company”), a Canadian biotechnology venture creation platform, announces the launch of a $75 million non-brokered private placement in Canada (the “Offering”) at $10.00 per common share. The Offering reflects a post-money valuation of approximately $300 million and is structured as the […]

Economics

4 d. ago Canadian energy minister disappointed by Imperial Oil’s planned layoffs

EDMONTON — Canada’s energy minister says he’s disappointed with Imperial Oil’s plan to lay off 20 per cent of its workforce by 2027. Tim Hodgson says he’s working to understand what went into the company’s decision and that the government will explore ways to support the workers losing their jobs. Calgary-based Imperial says the cuts […]

Politics

5 d. ago Did money dispute over ride lead to Canadian golfer’s slaying?

DoorDash driver Luis Cruz-Burgos is charged with first-degree reckless homicide in the death of Mike Robinson

Other

9 d. ago Fintrac imposes its largest ever penalty on operator of crypto exchange KuCoin

OTTAWA — Canada’s anti-money laundering agency says it has imposed a nearly $20-million fine, its largest penalty ever, on the company that runs major cryptocurrency exchange KuCoin. Fintrac said Thursday it imposed the $19,552,000 penalty on Peken Global Ltd. on July 28, for violating Canadian money laundering laws. The company, a Seychelles-incorporated business that has […]

Technology

1 week ago Canadians can get money from the government 3 different ways this week

September is almost over, yet some Canadians are still eligible to receive money from the government in the form of pensions.In the next few days, Canadians will receive money from the government through pensions such as the Canada Pension Plan, the Old Age Security Pension, and the Veteran Disability Pension.As affordability remains a concern, federal support and benefits are more crucial than ever. According to recent data from Statistics Canada, as of August, the cost of shelter has increased by 2.6 per cent since last year. And if you're still feeling the pinch at the checkout aisle, you're not imagining it — the cost of groceries went up by 3.5 per cent since last year.Be sure to find out if you qualify for these government benefits and review their eligibility requirements.Canada Pension Plan (CPP) — Sept. 25The Canada Pension Plan (CPP) is a monthly taxable benefit that replaces part of the income of eligible Canadians once they retire, providing...

Politics

1 week ago Here are all the ways Canadians can cash in on government money in October

A new month means Canadians will be getting more money from the federal government.Eligible individuals will receive a new slate of benefits and credit payments in October. This money from the government aims to alleviate your financial burden amid the cost-of-living crisis.Have big bills you'll need to pay next month? Now is a good time to take a look at which benefits you could be eligible for.Mark your calendars — here's when eligible Canadians can expect to receive money from the government in September.Canada Disability Benefit — Oct. 16This new government benefit is designed to provide financial support to Canadians aged 18 to 64 who live with a disability.Applications opened in June. If you qualify, you'll begin receiving payments the month after your application is received and approved."You may receive back payments for up to 24 months from when we get your application, but not for any previous months of eligibility prior to June 2025,"...

Politics

1 week ago Restaurants struggle as more Canadians look for value, dine out less: report

TORONTO — A new report shows restaurants are under pressure as consumers steer away from dining out, while rising operational costs squeeze profit margins. A new Restaurants Canada report finds three in four Canadians are eating out less, often because of the high cost of living. That share is even higher among those aged 18 […]

Other

2 w. ago Canadian consumers are buying less, including on credit cards, data shows

Canadians are also spending less money using their credit cards, another report by J.D. Power and Associates released on Tuesday showed.

Economics

2 w. ago Trump’s decision on de minimis helped sink Canadian luxury retailer Ssense

The end of a duty exemption for small shipments to the U.S. was the last straw for Canadian luxury fashion retailer Ssense, according to a court filing in the company’s bankruptcy-protection case. A group of creditors led by Bank of Montreal were seeking repayment from Ssense under Canada’s Companies’ Creditors Arrangement Act and force a […]

Other

3 w. ago Proposed $26M CIBC settlement could soon put money in Canadians' pockets

Canadians could soon claim a part of a multimillion-dollar proposed CIBC mutual funds settlement.Law firm Siskinds LLP announced on Friday that a $26-million settlement has been reached with CIBC and CIBC Trust Corporation to resolve a class action against various mutual fund trustees and managers, challenging the trailing commissions they have paid to discount brokers on mutual funds under their management.Trailing commissions, also known as trailer fees, are compensation for mutual fund dealers who advise investors. However, over the years, these commissions were also paid to discount brokers, who are not allowed to provide investment advice."It is alleged by the plaintiffs that, since no advice is provided to investors who purchase mutual funds through discount brokers, these investors receive no value for the trailing commissions that reduce the value of their mutual fund investments," reads the class action.This settlement is still subject to approval by the Onta...

Economics