The proposed agreement between the hydro utilities in both provinces would expand capacity at the Churchill Falls generating station, develop the Gull Island hydro project and let the Atlantic province keep a greater share of the power produced—while also having the option to transmit up to 985 megawatts for sale to the United States. (The Logic)
The central bank warned Monday that Canadian institutions’ growing exposure to private credit abroad—mostly in the U.S.—could transmit stress back home if global markets suffer a sharp downturn. (The Logic)
Non-Canadians bought debt securities worth a net $175 billion through June, the most ever over that six-month period, Statistics Canada reported. Most of it was in the form of federal government bonds, although private corporations sold bonds worth $61.3 billion, compared with $21.9 billion over the first half of 2025. (The Logic)
The consumer price index increased three per cent from July 2025, compared with 2.8 per cent in June, as renewed hostilities between the U.S. and Iran caused gasoline prices to jump, Statistics Canada reported. Excluding gasoline, the index was 2.2 per higher on the year, the same as the previous month. (The Logic)
The automaker informed union members on Wednesday that it is seriously considering the closure and sale of its Brampton, Ont., assembly plant west of Toronto, Unifor national president Lana Payne said in a press conference. Payne, whose union is in the middle of collective bargaining with General Motors and will next begin talks with Stellantis, said the automaker’s comments were not a formal notification to workers under the agreement. (The Logic)
Nuclea Energy of Mississauga, Ont., is acquiring 89 current and pending patents from Moltex Energy, whose British parent went into administration last year. The price wasn’t disclosed, but in an April filing for a public share offering it later aborted, Nuclea said it expected to pay about $11.5 million for Moltex’s IP. (The Logic)
The Canadian drone firm couldn’t deliver on a $2.6-million defence contract in its most recent quarter, leading to a revenue decline of more than 20 per cent versus the same quarter last year, and a net loss of $7.5 million. The problem: a battery shortage. (The Logic)
Gains in public equities and energy boosted the Canada Pension Plan Investment Board’s returns in its fiscal first quarter for 2027. The public pension fund’s net assets under management rose to $863.6 billion as of June 30, up from $731 billion a year earlier. (The Logic)
Mulroney, whom CIBC poached from Scotiabank as global vice-chair in November, will lead the team of senior executives CEO Harry Culham created last year to integrate client relationships and the bank’s various businesses, The Globe and Mail reported, citing an internal memo. (The Globe and Mail)
Ontario Finance Minister Peter Bethlenfalvy told The Logic that he wrote a letter to Ontario Securities Commission CEO Grant Vingoe, and spoke with the regulator’s chair, Kevan Cowan, to underline his seriousness about joining a national mutual-recognition pact. “There’s a lot of plumbing that has to be done,” the minister said. “I haven’t given them a specific timeline, other than yesterday.” (The Logic)