The Daily Chase: Housing market still sluggish
BNN Bloomberg
Here are five things you need to know this morning.
Japan details US$36 billion in U.S. investment: Japan plans to invest up to US$36 billion in American oil, gas and critical mineral projects. This is the first set of its $550 billion commitment under the trade agreement struck with the U.S. The investments include a natural gas facility in Ohio, where Japan is expected to invest up to $33 billion. The announcement comes weeks before Japan’s prime minister is set to meet with U.S. President Trump in Washington.
Power Corp. names new CEO: Power Corp. has appointed former IGM Financial chief executive James O’Sullivan as its new President and CEO. O’Sullivan will succeed Jeffrey Orr, who will become vice chair of the company. Power says the leadership changes are part of a well-planned and robust succession-planning process. The new leadership will be effective from July this year.
Setback for Northern Dynasty: Shares of Northern Dynasty Minerals plunged by as much as 40 per cent in the premarket after the Vancouver-based miner announced that the U.S. Department of Justice had filed a brief in Federal Court related to the veto in place on the company’s proposed Pebble mine in Alaska. CEO Ron Thiessen says: “We find it surprising that despite the Executive Orders and the many statements made by the administration related to Alaskan development, pro-energy, pro-critical metals, pro- defense and military support, removing roadblocks to permitting, on the need for copper, etc., this EPA would choose to defend the unlawful Obama-Biden veto.”
Mining companies dominate TSX Venture 50: The latest edition of the TSX Venture 50 list shows investors were flocking to miners as precious metal prices skyrocket. The TSX Venture 50 list is an annual ranking of top-performing companies on Canada’s main exchange for smaller companies. This year 48 mining companies made it onto the list. We’ll find out more when we speak with Robert Peterman, chief commercial officer at TSX & Global Capital Formation, at 11:30 am eastern time.
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Global food and beverage companies from PepsiCo to Coca-Cola are focusing on shorter ingredient lists and smaller pack sizes in 2026 as more people take appetite-suppressing GLP-1 drugs for weight loss.
Top picks from Michael Hakes, Senior Portfolio Manager, Murray Wealth Group
Parents can use a Registered Education Savings Plan to pay for their children’s post-secondary education while growing their savings tax deferred as tuition costs continue to rise, a financial advisor says.
YouTube Canada outlines ad-driven growth, subscription expansion and fraud controls as streaming leadership challenges Netflix and traditional TV.
An arbitrator reviewing wages for flight attendants at Air Canada has finalized rates at the airline, bringing an end to the labour dispute that saw travel disrupted for thousands of people last summer.
Here are five things you need to know this morning.
Shares in Europe and Asia were higher on Wednesday, with Japan’s benchmark gaining more than one per cent after a quiet finish for U.S. stocks.
A deeper look at the cost of living shows Atlantic Canadians facing higher inflation and steeper grocery bills than much of the country.
Canada has failed both to adequately fund its military and to build up the domestic defence industry, Prime Minister Mark Carney said Tuesday as he rolled out an ambitious new plan to grow the defence sector.
Five years after Warren Buffett sold off all of Berkshire Hathaway’s newspapers and predicted unending declines for most of the industry, Berkshire disclosed a new US$350 million investment in the New York Times on Tuesday.
Prime Minister Mark Carney has made a series of claims recently about how much the federal government’s support for tariff-stricken industries has protected jobs in Canada.
A quiet finish for the U.S. stock market on Tuesday masked big swings underneath the surface as companies talked about how discouraged their customers are feeling and some tech stocks continued to feel the downside of the artificial-intelligence boom.
A new report says development charges can add up to $200,000 to new home costs and calls for new ways to finance housing infrastructure.