Prime Minister Mark Carney announced Monday that Canada will establish its first national sovereign wealth fund, starting with $25 billion in initial capital. Carney said the fund will invest in large-scale Canadian industrial projects, including energy, infrastructure, mining, agriculture and technology. According to the prime minister’s announcement, the federal government will co-invest alongside private-sector partners. The announcement was made at the Canada Science and Technology Museum, one day before the Liberal government is set to deliver its spring economic update. The timing sign

Manitoba Premier Wab Kinew says his government intends to introduce a ban on children using social media platforms and artificial intelligence chatbots, but key details, including the age threshold, have not yet been specified. Kinew made the announcement at the Manitoba NDP’s annual spring fundraising dinner, where he said Manitoba would be the first province to pursue such a policy. It is not yet clear what legislative or regulatory mechanism the province would use, or when a bill could be introduced. According to remarks delivered at the event, the proposed restrictions would apply to bot

Prime Minister Mark Carney spoke with Mexican President Claudia Sheinbaum on Friday evening as Canada prepares for the upcoming formal review of the Canada–United States–Mexico Agreement. According to a statement from the Prime Minister’s Office, the two leaders discussed shared economic priorities and agreed to work together to address common challenges tied to the trilateral trade pact. The call comes as the United States and Mexico are expected to begin official discussions on the agreement by the end of next month. Canada, however, has not yet confirmed a timeline for similar talks w

An evacuation alert has been issued for 10 properties in British Columbia’s Cariboo region as a wildfire burns out of control early in the province’s wildfire season. According to a joint notice from the Xeni Gwet’in First Nation, the Tsilhqot’in National Government, and the Cariboo Regional District, the alert was issued late Thursday for properties near the Konni Lake wildfire, located about 200 kilometres southwest of Williams Lake. The alert advises residents to be prepared to leave on short notice. BC Wildfire Service information indicates the Konni Lake fire was measured at about

An announcement by U.S. President Donald Trump to extend a ceasefire in Lebanon by three weeks has not been reflected in conditions on the ground, according to field reports from southern parts of the country. An airstrike was reported in the village of Deir Aames in southern Lebanon, where residents were instructed by the Israeli military to move approximately one kilometre away before the strike. Witnesses reported hearing warplane activity shortly after the warning was issued. The developments come about 10 days after a ceasefire was said to have taken effect. Despite that agreement, airstr

A 35-year-old man is in custody following a second alleged residential break and enter in Abbotsford, months after being charged in a similar incident, according to a police news release. The Abbotsford Police Department said patrol officers first responded in November 2025 to a reported break and enter in progress in the 32500 block of Peardonville Road. Police allege Jaskaran Singh was identified, arrested and charged in that case. According to police, Singh was released from custody in March 2026 under several court-ordered conditions, including 24-hour house arrest, and relocated to anothe

The federal government recorded a budgetary deficit of $25.5 billion for the April to February period of its 2025–26 fiscal year, according to the latest monthly fiscal monitor from the Department of Finance. The result compares with a deficit of $19.3 billion reported during the same 11-month period in 2024–25, indicating a year-over-year increase in the shortfall. According to the Finance Department report, total revenues reached $453.2 billion, up 0.8 per cent from $449.8 billion a year earlier. Program expenses, excluding net actuarial losses, rose to $424.9 billion, a 2.1 per cent inc

The Town of Peace River has issued a flood alert for areas including its downtown, warning residents to be ready to leave on short notice due to rising water levels on the Heart River. According to a municipal notice, the alert covers the area between the Highway 2 bridge and 104 Avenue in the town’s south end. Officials say the alert is precautionary but reflects the potential for flooding if river conditions worsen. Residents in the affected zone are being advised to prepare for a possible evacuation by fuelling vehicles and gathering essential items, including identification, medications

The Royal Canadian Mounted Police say a man is dead after an incident at a gas station in northern Alberta that investigators are treating as suspicious. According to an RCMP news release, officers were called to a Petro-Canada location in Peace River on Thursday morning, where they found a man deceased near the fuel pumps. Police have not released the victim’s identity. Investigators say surveillance video from the scene shows a suspect entering the driver’s seat of a red Dodge Caravan taxi and striking the victim with the vehicle. The circumstances leading up to the incident have not bee