Xanadu Quantum Technologies Inc. is set to receive as much as C$390 million ($287 million) in government financial aid to build the engineering and domestic manufacturing capabilities for its first quantum-powered data center in Ontario, a deal that’s being negotiated just as the company is about to go public.

Bank of Nova Scotia’s board gave Chief Executive Officer Scott Thomson a raise, with his overall compensation increasing to C$13.2 million ($9.7 million) last year as he exceeded his target bonus.

Xanadu Quantum Technologies Inc. is set to receive as much as C$390 million ($287 million) in government financial aid to build the engineering and domestic manufacturing capabilities for its first quantum-powered data center in Ontario, a deal that’s being negotiated just as the company is about to go public.

Shareholders of Canadian airline and vacation provider Transat AT Inc. rejected Quebec billionaire Pierre Karl Péladeau’s proposal to take partial control of the board.

The head of Canadian insurer and money manager iA Financial Corp. is hunting for a multibillion-dollar acquisition after the firm reached a record valuation at the beginning of the year.

Aluminum buyers in the US are rushing to secure alternative supplies from Asia as the war on Iran disrupts a major foreign source — a development that threatens to hike the cost of the metal used in auto parts, appliances and beverage cans.

Pension manager Caisse de Depot et Placement du Quebec missed many of its return benchmarks last year — but not in credit, where the group earned a 9.6% return.

Private equity firm Summit Partners is investing $122 million in Montreal’s Stay22 Technologies Inc., a startup that offers technology to help publishers and creators earn money from online sales.

Quebec’s Desjardins Group wants to expand further in the rest of Canada, its top executive said, an ambition that means it needs to make deals and add staff in wealth management and capital markets.

Canada’s aviation regulator certified the remaining Gulfstream private jet models that US President Donald Trump asked it to approve, a move which let the White House claim a win in its trade dispute with Canada.

A founder-led buyout of Canadian luxury fashion retailer Ssense obtained court approval, despite a group of lenders seeking to block the deal and pushing for a liquidation process to recover more money.

Air Canada was ordered by an arbitrator to increase wages for its 15,000 cabin crew members by more than 20% over four years, largely in line with what the company initially proposed.

Power Corp. of Canada chose former investment banker James O’Sullivan as its chief executive officer, taking over from Jeffrey Orr, who revamped the financial group with a series of deals during his six years in charge.

Rio Tinto Group took majority control of Canada’s Nemaska Lithium as part of a push to invest more in Quebec projects tied to the battery metal.

Prime Minister Mark Carney said Canada will invest hundreds of billions of dollars in defense over the next decade as part of a strategy to steer more of that spending to domestic firms rather than US contractors.

Shares of Air Canada posted their largest gain since May after the carrier reported strong momentum in bookings this year compared to 2025.

The head of private jet maker Bombardier Inc. said he expects Canada’s aviation regulator to approve Gulfstream jets soon, which would resolve a dispute with the Trump administration.

Air Canada will acquire eight Airbus SE A350-1000 models, with options to double the order, as the carrier seeks to modernize its fleet.

Canada’s second-largest pension fund says it’s suspending future investment plans with DP World over alleged ties between the Dubai company’s chief executive officer and disgraced financier Jeffrey Epstein.

Cuba is at risk of losing vital airline service as it prepares to run out of aviation fuel, with at least one major carrier, Air Canada, suspending all service to the island as a result.