The Canadian province of Quebec says it will trim its budget deficit in the years ahead as it brings in more tax revenue and restrains new spending, despite trade tensions with the US.
Eric Girard, Quebec's finance minister, at a news conference during a provincial and territorial finance ministers' meeting in Ottawa, Ontario, Canada, on Thursday, Dec. 11, 2025. The ministers are meeting to discuss Canada's trade relations, and how to strengthen the economy amid the current global uncertainty.
Startup Xanadu Quantum Technologies Inc. is preparing a public listing with the promise that it’s going to build one of the first quantum-powered data centers by 2030. If successful, the deal would break a long drought.
Christian Weedbrook, chief executive officer of Xanadu Quantum Technologies Inc., with the Aurora modular quantum computer at the company's office in Toronto, Ontario, Canada, on Tuesday, Feb. 24, 2026. 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.
Startup Xanadu Quantum Technologies Inc. is preparing a public listing with the promise that it’s going to build one of the first quantum-powered data centers by 2030. If successful, the deal would break a long drought.
Christian Weedbrook, chief executive officer of Xanadu Quantum Technologies Inc., with the Aurora modular quantum computer at the company's office in Toronto, Ontario, Canada, on Tuesday, Feb. 24, 2026. 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.
CoreWeave Inc., Cerebras Systems Inc. and telecommunications firm BCE Inc. will collaborate on one of Canada’s most powerful data centers in Saskatchewan, with a first phase expected to come online in the first half of next year.
Illuminated lights on a server inside a data hall at a NextDC Ltd. data center in Sydney, Australia, on Monday, Dec. 8, 2025. OpenAI partnered with Australian data center operator NextDC to build a A$7 billion ($4.6 billion) large-scale computing cluster in Sydney, accelerating its expansion in the Asia-Pacific region. Photographer: Bloomberg/Bloomberg
The leader of the Conservative Party of Canada proposed new measures for protecting the country’s automotive industry, arguing that it’s a mistake to shift focus away from the US as the industry’s primary export market.
Pierre Poilievre, leader of Canada's Conservative Party, speaks during the Conservative Party of Canada convention in Calgary, Alberta, Canada, on Friday, Jan. 30, 2026. Poilievre's task now is to grow the coalition he built in the last election, when he tapped into the economic frustration of younger Canadians and blue-collar workers in Ontario's manufacturing belt.
Rio Tinto Group will slow down construction of the Nemaska Lithium processing plant in Becancour, Quebec, just few weeks after it announced it has taken majority control of the project.
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.
Christian Weedbrook, founder and chief executive officer of Xanadu, during the Collision conference in Toronto, Ontario, Canada, on Tuesday, June 27, 2023. Collision brings together the people and companies redefining the global tech industry.
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.
Christian Weedbrook, founder and chief executive officer of Xanadu, during the Collision conference in Toronto, Ontario, Canada, on Tuesday, June 27, 2023. Collision brings together the people and companies redefining the global tech industry.
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.
Air Transat planes at Montreal-Pierre Elliott Trudeau International Airport (YUL) in Montreal, Quebec, Canada, on Monday, Dec. 8, 2025. Transat AT Inc. will start canceling flights on Monday and Tuesday after the union representing the airlines 700 pilots issued a three-day strike notice.
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.
Empty aluminum cans move on an assembly line before being filled in Sacramento, California.
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.
Charles Emond, chief executive officer of Caisse de Depot et Placement du Quebec (CDPQ), left, and Vincent Delisle, executive vice president and head of liquid markets for Caisse de Depot et Placement du Quebec (CDPQ), during a news conference in Montreal, Quebec, Canada, on Wednesday, Feb. 25, 2026. The event covers La Caisse's financial results for 2025.
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.
View of woman working on her laptop from a camping spot, Croatia. Digital nomad lifestyle Photographer: Mystockimages/E+
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.
Private jets near the Gulfstream hanger during the Farnborough International Airshow in Farnborough, UK.
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.
People pass by an SSENSE store in Montreal, on Aug. 29, 2025.
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.
Air Canada flight attendants during a demonstration at Toronto Pearson International Airport in Mississauga, Ontario on Aug. 11.
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.
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