The US$500-billion compute consortium hasn’t yet agreed on any deals for new facilities, and the lead partners have different views on where to build, sources told The Wall Street Journal. SoftBank and OpenAI told the publication they are working on projects in several U.S. states. (The Wall Street Journal)
The 1,024 units are a mix of apartments, townhouses and suites in retirement homes meant for “independent, low-acuity” seniors who need minimal support, Mississauga-based Chartwell said in its announcement. The six sites comprise the seniors-oriented portfolio of real estate developer Sifton Properties, and add to Chartwell Retirement Residences’ stock of more than 24,000 units in Ontario, B.C., Alberta and Quebec. (The Logic)
As they arrived in Huntsville for three days of meetings that will focus on the ongoing economic threat of U.S. President Donald Trump’s tariffs, the unity that characterized provincial premiers’ responses last winter seemed to have waned. The sessions include Prime Minister Mark Carney on Tuesday and discussions with some Indigenous leaders on resource projects—but the umbrella Inuit group, Inuit Tapiriit Kanatami, is boycotting the event. (The Logic)
Last year’s wildfires in the Alberta town caused more than $1.2 billion in insured damages at the end of 2024. While that number is expected to rise, many home owners will exhaust how much they can claim for living expenses under their insurance policies before homes and businesses that burned down are rebuilt. (The Globe and Mail)
The Netherlands-headquartered automaker said it expects €300 million in direct net tariff costs, in addition to €3.3-billion pre-tax net charges in program cancellation costs and platform impairments for the first half of 2025. (The Logic)
The company, which runs a crypto-based website that lets people bet on the outcome of events such as elections and sports games, has acquired U.S. Commodity Futures Trading Commission-licensed exchange and clearinghouse QCEX for US$112 million. (The Logic)
The Quebec-based convenience store operator will repurchase as many as 77.1 million shares worth roughly $5.8 billion beginning July 23, calling it “an appropriate use of its funds and a desirable investment.” (The Logic)
Quebec’s public pension fund manager and the U.K.-based infrastructure investment manager will invest as much as 30 per cent of the capital for the project, making them the largest private investors, according to French business newspaper Les Echos. (Les Echos)
The company raised the money in the form of subscription receipts, which let investors receive shares contingent on a transaction, from Digital Currency Group, Animoca Brands, FalconX and others. The Cayman Islands-based firm is founded by Karia Samaroo, the founder and former CEO of Toronto crypto company WonderFi. It is expected to start trading on the TSX Venture Exchange Wednesday. (The Logic)
The Australian mining giant said it now expects costs could reach US$7 billion to US$7.4 billion for stage one of its Jansen project, crushing the original US$5.7-billion budget for what is expected to be one of the world’s biggest potash mines. (The Logic)