4 d. ago U.S. approves sale of mobile artillery rocket systems to Canada

WASHINGTON — The U.S. State Department has approved the possible sale of M142 High Mobility Artillery Rocket Systems and related equipment to Canada. A news release from the Defense Security Cooperation Agency, part of the U.S. Department of Defense, estimates the cost of the sale at US$1.75 billion and says the principal contractor is Lockheed […]

Culture

4 d. ago Right problem, wrong fix: Why a “Congestion Management” in the City of Toronto is missing the mark

We agree with the City of Toronto that congestion is choking the city. Gridlock in the GTA is not just frustrating – it is costing us. According to the Canadian Centre for Economic Analysis, congestion is draining the regional economy to the tune of $44.7 billion annually in social and economic costs. In a time […]

Other

5 d. ago Pfizer agrees to lower prescription drug costs for Medicaid in a deal with Trump

WASHINGTON (AP) — Drugmaker Pfizer has agreed to lower drug costs and invest $70 billion in U.S. manufacturing under a deal struck with the Trump administration, President Donald Trump said Tuesday. The announcement, which Trump made with Pfizer CEO Albert Bourla at the White House, came as the Republican president has for months sought to […]

Economics

5 d. ago CoreWeave Inks $14 Billion Meta Deal, Highlighting AI Demand

CoreWeave Inc. has signed a deal to supply Meta Platforms Inc. with as much as $14.2 billion worth of computing power, underscoring the massive costs of developing and running advanced AI models.

Economics

6 d. ago As transit strike continues, Rabouin pledges to cut STM director's salary

Union president Bruno Jeannotte welcomes mayoral candidate’s announcement.

Other

6 d. ago TD Pledges to Cut Billions in Costs as It Reintroduces Guidance

Toronto-Dominion Bank is reinstating guidance on growth — with similar targets to those in place before a US money-laundering scandal — as it pledges to slash billions in annual costs and boost revenue through a push to attract more clients and sell them additional products.

Economics

1 week ago China Played It Safe With First Pledge to Cut Greenhouse Emissions

Other nations have achieved larger declines after reaching peak climate pollution — and the world’s biggest emitter has exceeded its own goals

Society

1 week ago China Vows to Cut Greenhouse Gas Emissions 7% to 10% by 2035

China, the world’s largest polluter, set a target to cut economywide net greenhouse gas emissions 7% to 10% over the next decade, a strategy that’s seen as too modest to put the nation on a path to net zero and galvanize global climate action.

Society

1 week ago Germany Eyes Cutting €4 Billion From Industries’ Power Costs

Germany plans to earmark between €3.5 billion to €4 billion ($4.7 billion) to ease the burden of high power prices for heavy industries over three years, a key lawmaker in the governing conservative alliance said Wednesday.

Economics

1 week ago Israel’s War Costs Seen Rising $7.5 Billion on Gaza City Assault

Israel’s push to take over Gaza City is expected to add 25 billion shekels ($7.5 billion) to the war bill through the end of the year, according to an Israeli government official.

Economics

1 week ago Canadian Army lining up US rocket deal despite Carney pledge to cut back on American equipment

Canada submitted a request to the U.S. government for the proposed purchase of the High Mobility Artillery Rocket System or HIMARS.

Transport

2 w. ago Amazon spends $1 billion to increase pay and lower health care costs for US workers

NEW YORK (AP) — Amazon says it’s making a $1 billion investment to raise wages and lower the cost of health care plans for its U.S. fulfillment and transportation workers. The Seattle-based company said Wednesday the average pay is increasing to more than $23 per hour and said that some of its most tenured employees […]

Economics

3 w. ago Nova Scotia estimates initial capital cost of Wind West at $60 billion

HALIFAX — A Nova Scotia government document on the proposed initial phase of the Wind West offshore project pegs the capital cost at $60 billion. The estimate is contained in the document released Thursday, following Prime Minister Mark Carney’s announcement that Ottawa is prepared to work with Nova Scotia to ramp up the ambitious plan. […]

Economics

3 w. ago Montreal Port Project Backed by Carney Sees Cost Rise to $1.7 Billion

The cost of a new Port of Montreal terminal that Canadian Prime Minister Mark Carney says is in the national interest has soared to C$2.3 billion ($1.7 billion), according to a cabinet minister.

Economics

3 w. ago Jaffer promises a sweeping tax rollback; Walters pledges to cut red tape

Mayoral candidates make some big-ticket promises as municipal election campaign heats up

Economics