Business
FedDev Ontario puts nearly $26 million into 31 GTA firms amid U.S. tariff pressure
Regional Tariff Response Initiative funds include $700,000 for Brampton’s Daybar Industries; largest cheques go to SinaLite, Oxygen8 and PakFactory.
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Business
Companies, markets, and the real economy.
Business
Rogers completes $4.35-billion buyout to own all of Maple Leaf Sports & Entertainment
The telecom giant took the final 25 per cent stake from Larry Tanenbaum’s Kilmer Sports, folding the Leafs, Raptors, Toronto FC and Argonauts into a new Rogers Sports unit alongside the Blue Jays.
Business
BMO becomes first Canadian Mastercard issuer with embedded commercial payments
Eligible Corporate Card clients in Canada and the U.S. can initiate virtual-card payouts inside ERP, procurement, AP and travel platforms via Mastercard Commercial Express.
Business
Bell says Regina-area AI data centre is on track for first halls in early 2027
Group president John Watson called the build pace “extraordinary” as four halls take shape; a non-binding plan could add up to 900 MW of gas-fired power later.
Business
Google Canada marks 25 years with 100,000 AI scholarships and SME adoption funding
Grow with Google partners with YMCA Canada on free AI certificates; Google.org pledges more than $2.7-million to the Canadian Chamber for programs reaching over 10,000 small firms.
Business
Primaris REIT to buy Upper Canada Mall for $411 million cash
The Newmarket GTA centre — about 990,000 square feet on 76 acres — is pitched as modestly accretive to FFO, with closing targeted by Oct. 31, 2026.
Business
Synopsys and OpenAI team up on GPT-Synopsys chip-design model
The EDA giant will charge OpenAI a training subscription and share customer revenue tied to design gains, while traditional Synopsys tools still sign off the physics.
Business
Apple Pay goes live in India with Axis Bank Visa and Mastercard cards
The long-delayed rollout starts with eligible Axis credit cards on iPhone, iPad and Apple Watch — still without RuPay or UPI — in a market dominated by QR bank payments.
Business
Hormel Foods to buy Brakebush Brothers in US$1.06-billion chicken deal
The Skippy and SPAM maker is expanding value-added poultry for foodservice, targeting a fiscal 2027 close and earnings accretion from fiscal 2028.
Business
FedEx places US$300-million order for 2,000 Harbinger electric trucks
The parcel giant is expanding its Harbinger EV fleet across U.S. and Canadian pickup-and-delivery routes, with deliveries targeted by the end of 2027.
Business
Carnival posts record quarter and lifts outlook despite higher fuel costs
The cruise giant’s third-quarter revenues, yields and net income hit all-time highs; shares jumped as management said operational gains more than offset a US$150-million fuel hit.
Business
Deloitte cuts Canada’s 2027 GDP outlook as trade war bite deepens
Growth forecast trimmed to 1.6 per cent while July GDP stalls and U.S. import bans land.
Business
Tata Trusts float merger plan to keep Tata Sons private
India’s largest conglomerate holding company seeks a regulatory path around a forced IPO.
Business
Raytheon wins up to US$20.7-billion AMRAAM production deal
RTX’s missile unit will ramp air-to-air weapons under the Pentagon’s Arsenal of Freedom push.
Business
Mesabi Metallics plans US$15-billion Iowa steel mill
Trump touts what the White House calls the largest U.S. steel plant in decades, with production eyed for 2030.
Business
Wall Street Slips as Oil, Bond Yields Climb on Iran and Fed Risks
Business