Nojoud Al Mallees

Canada will provide funding to help artificial intelligence companies scale up, and plans to take equity stakes in the country’s most promising AI firms to accelerate the creation of so-called “national champions”.

Employment in Canada increased by a surprising 87,800 in May after a soft start to the year for the labor market, bringing the jobless rate down to 6.6%.

The Bank of Canada is widely expected to continue holding its policy interest rate for a fifth consecutive meeting, after recent data pointed to a weaker economy than the central bank had projected.

Canada’s trade surplus widened in April as crude oil drove exports to a record high, while gold shipments declined sharply.

The Bank of Canada held its key interest rate but reiterated that US trade uncertainty and the Iran war may mean it needs to either cut or deliver consecutive hikes to keep inflation stable.

Canadian Prime Minister Mark Carney’s government has introduced legislation that would ban youth under the age of 16 from using social media platforms operated by firms such as Meta Platforms Inc. and X Corp. unless the companies meet a set of safety standards.

Prime Minister Mark Carney’s government rolled out a plan to address food security and affordability as the high cost of groceries continues to be a major pain point for Canadian consumers.

The Canadian government is proposing stricter privacy rules that would limit businesses from using personal data to charge consumers higher prices, while giving individuals more power over their own information.

The Canadian government is proposing stricter privacy rules that would limit businesses from using personal data to charge consumers higher prices, while giving individuals more power over how their information is used.

Prime Minister Mark Carney announced the Canadian government is earmarking C$2 billion ($1.4 billion) over four years to build armored combat support vehicles in southwestern Ontario.