Latest headlines from around the world.
Canadians to receive one-time grocery benefit payment on June 5
The payment is part of the government’s new Canada Groceries and Essentials Benefit, which is set to replace the existing GST/HST credit.
Iran declares Strait of Hormuz open for duration of ceasefire, oil prices plunge
Oil prices plunged by about nine per cent on Friday, extending previous losses, after Iran's foreign minister announced that the Strait of Hormuz is open to commercial traffic.
Carney aims to secure $1 trillion in investment with global summit in Toronto
The Prime Minister's Office says the aim of the summit is to unleash $1 trillion in investment over the next five years to advance nation-building projects.
Co-signing your kids’ mortgage? Here’s why that’s a risky idea
Co‑signing is more common among first‑time buyers who are younger and who have lower credit scores and lower incomes, the Bank of Canada said.
More businesses are closing than opening in Canada, report finds
Canada’s 'entrepreneurial drought' began in early 2024, with the gap between openings and closures reaching a new high in the last quarter of 2025, a new report says.
Energy industry losing confidence new pipeline will be deemed a national priority: Survey
'Start building, or better yet just get out of the way of industry. We need to see clear and concise direction from the feds that will support new projects and expedite them.'
Doug Ford nixes idea of grocery surveillance pricing ban in Ontario
Ontario Premier Doug Ford is nixing the idea of banning so-called surveillance pricing on groceries, as Manitoba has proposed.
North Vancouver chlorine plant expansion rejection raises drinking water concerns
The company had been seeking rezoning approval to continue operations on land adjacent to its current location, but that land is managed by the District of North Vancouver.
Gibbons may lose town status amid $15.3M in debt
Gibbons faces potential insolvency after previous town council pushed the community's finances into a $15.3 million hole, but the new council is predicting a balanced budget.
Trump signs several pipeline permits to facilitate Canada-U.S. oil transport
The permits issued to Enbridge include one for construction of a new pipeline and for the operation of existing pipelines at border locations in North Dakota and Michigan.
Owners of Nakiska ski area announce plans for new summer activities in 2027
Resorts of the Canadian Rockies, operators of the Nakiska ski resort west of Calgary, have announced plans to open for new activities in the summer of 2027.
NDP quietly gets $670K in funding despite losing official party status
Government House Leader Steven MacKinnon stressed Wednesday that no new money was being used for the funding, which he said comes from a 'reallocation' of the existing budget.
U.S. will not renew sanctions waivers on Russian, Iranian oil, Bessent says
The moves signal an end to the Trump administration's efforts to use the sanctions waivers to free up more oil supplies and lower soaring global energy prices.
Canada’s food suppliers are adding fuel surcharges they say are ‘temporary’
Global News has obtained notices sent by three of Canada's largest food suppliers to their grocer clients informing them of the surcharges.
Lobster harvesters hope for strong prices as cost of fuel and other expenses soar
Lobster harvesters are hoping for higher prices this spring as their costs for fuel and other expenses skyrocket.
Canadian oilpatch holding off investment changes despite surge in crude prices
The surge is oil and gas prices caused by the war in the Middle East hasn't changed the immediate investment plans of Canadian producers, say industry executives.
Canadian spending on gasoline rose 9.1% in March, RBC tracker finds
A consumer spending tracker by RBC found that Canadian spending on gasoline rose 9.1 per cent in March, as the conflict in the Middle East continues to drive oil prices higher.
Bell holds closed-door meeting with Saskatchewan landowners over AI data centre
In a written letter to the council at the RM of Sherwood, the group writes “At every stage of this process our concerns have been deferred, reduced, or ignored.”
7-Eleven says it plans to close 645 North American stores this year
According to earnings filings published last week,the closures will outpace the 205 locations it forecasts it will open during that same time.
Liberals have set April date for spring economic update, Champagne says
The Liberals last year switched the scheduling for tabling the annual federal budget and the mid-year economic update, which in prior years had been presented in the fall.
Iran war fallout has ‘abruptly darkened’ global economic outlook, IMF says
The IMF downgraded its forecast for global growth to 3.1 per cent in 2026 from the 3.3 per cent it had forecast in January, but the new rate assumes the war is 'short-lived.'
Bank of mom and dad? More parents are co-signing adult kids’ mortgages
Co‑signing is more common among first‑time buyers who are younger and who have lower credit scores and lower incomes, a Bank of Canada report added.
Carney is suspending Canada’s fuel excise tax for nearly 5 months
Prime Minister Mark Carney has announced a temporary suspension of the federal fuel excise tax starting next week until Labour Day.
Calgary housing advocates call on city council to replace citywide rezoning with new plan
A coalition of housing advocates accused Calgary's mayor of breaking a campaign promise to repeal and replace citywide rezoning with a new plan to build more housing.
Wealth and income gaps grew in 2025, Statistics Canada states
The agency says the income gap in the top 40 per cent and those in the bottom 40 per cent, reached 46.7 percentage points in 2025.
Ontario man charged after foreigners found illegally working in Banff, Jasper
An Ontario businessman has been sentenced for his role in the illegal employment of at least 90 foreign nationals at hotels in the Banff and Jasper areas.
Consider joining the skilled trades, Canada’s jobs minister urges youth
Federal jobs minister Patty Hajdu said when she was growing up in Thunder Bay, Ont., students who attended a skilled trades high school in the city were "deeply stigmatized"
U.S. says Iranian port blockade will begin as NATO allies refuse to join
Meanwhile, NATO allies including Britain and France said they would not be drawn into the conflict by taking part in the blockade.
Kinew plans trip to Ottawa
Manitoba Premier Wab Kinew is planning to go to Ottawa next week for a meeting with Prime Minister Mark Carney with talk of a northern trade corridor in the air.
B.C. loses more jobs in March, unemployment rate highest in a decade
The unemployment rate in British Columbia is now 6.7 per cent, which is the highest in a decade, except for the height of the COVID pandemic.
Calgary police lay 67 charges after seizing firearms, drugs and stolen property
Two Calgary men are charged with 67 offences after police seized drugs, firearms and stolen property during an investigation into a series of break-ins targeting local businesses.
Calgary Stampede canvas auction smashes old record for total amount bid
Considered by many to be an indicator of the health of the Alberta economy, this year's Calgary Stampede canvas auction garnered a record amount of bids.
U.K.’s Starmer ‘fed up’ with Putin and Trump’s actions raising energy prices
Iran’s closure of the Strait of Hormuz has had global oil markets jittery, with much the U.K. and much of Europe reeling from an energy crisis.
