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Ontario electricity demand to soar due to EV manufacturing and AI: system operator

Ontario electricity demand to soar due to EV manufacturing and AI: system operator

TORONTO — Demand for electricity in Ontario is set to soar by 75 per cent in the next couple of decades, far higher than was projected just last year, in part due to a sudden surge in data centres supporting artificial intelligence, the system operat
Interfor selling Quebec operations for $30M, closing Montreal corporate office

Interfor selling Quebec operations for $30M, closing Montreal corporate office

BURNABY, B.C. — Interfor Corp. is selling its three manufacturing facilities in Quebec and closing its corporate office in Montreal as the lumber producer plans to leave the province and focus on other parts of the company.
Amazon, Google make dueling nuclear investments to power data centers with clean energy

Amazon, Google make dueling nuclear investments to power data centers with clean energy

Amazon on Wednesday said that it was investing in small nuclear reactors, coming just two days after a similar announcement by Google, as both tech giants seek new sources of carbon-free electricity to meet surging demand from data centers and artifi
Cedar Leaf Capital to launch this month after securing regulatory approval

Cedar Leaf Capital to launch this month after securing regulatory approval

TORONTO — Scotiabank says Cedar Leaf Capital is set to become Canada's first majority Indigenous-owned investment dealer after getting the green light from regulators.
CMHC reports September pace for housing starts up from August

CMHC reports September pace for housing starts up from August

OTTAWA — Canada Mortgage and Housing Corp. says the annual pace of housing starts in September was up five per cent compared with August.
Statistics Canada says levels of food insecurity rose in 2022

Statistics Canada says levels of food insecurity rose in 2022

OTTAWA — Statistics Canada says the level of food insecurity increased in 2022 as inflation hit peak levels. In a report using data from the Canadian community health survey, the agency says 15.
Statistics Canada says manufacturing sales fell 1.3% to $69.4B in August

Statistics Canada says manufacturing sales fell 1.3% to $69.4B in August

OTTAWA — Statistics Canada says manufacturing sales in August fell to their lowest level since January 2022 as sales in the primary metal and petroleum and coal product subsectors fell. The agency says manufacturing sales fell 1.3 per cent to $69.
TD Bank Group says Charles Schwab investment will add C$178M for Q4

TD Bank Group says Charles Schwab investment will add C$178M for Q4

TORONTO — TD Bank Group says The Charles Schwab Corp.'s third-quarter results are expected to translate into about $178 million of reported equity in net income for the Canadian bank's fourth quarter.
Divine intervention and saving the economy: What motivates Trump supporters in 2024

Divine intervention and saving the economy: What motivates Trump supporters in 2024

BUTLER — They are known for wearing bright red and showing unwavering allegiance to Donald Trump.
Minister says Canadian Forces to help stranded Air India passengers in Iqaluit

Minister says Canadian Forces to help stranded Air India passengers in Iqaluit

IQALUIT — Canada's emergency preparedness minister says the passengers of an Air India flight that landed in Iqaluit due to a bomb threat remain stuck there, and he has approved a request for the military to help them.