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

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

Canadian astronaut Joshua Kutryk is scheduled to travel to the International Space Station later this year as part of NASA’s SpaceX Crew-13 mission, according to a Canadian Space Agency news release. The Canadian Space Agency says the flight will mark Kutryk’s first mission to space. He is expected to launch no earlier than mid-September 2026 from Florida. Kutryk will be joined by NASA astronauts Jessica Watkins and Luke Delaney, along with Roscosmos cosmonaut Sergey Teteryatnikov. NASA says the flight represents the 13th crew rotation carried out by SpaceX under its Commercial Crew Progra

WestJet says it will increase checked baggage fees starting Thursday, adding new costs for air travellers across its network. The change follows a similar move by Air Canada announced last week. According to a WestJet statement, passengers checking bags at the airport will pay an additional $10 for each of the first two checked bags. Fees for overweight baggage will also rise, with increases of up to $50 depending on weight. The airline attributed the decision to “global conditions” and shifting trends in the aviation sector, but did not provide a detailed cost breakdown in its announcemen

Prime Minister Mark Carney says Canada will not follow U.S. direction as it prepares for possible negotiations on the future of the Canada–United States–Mexico Agreement, pushing back on recent comments from American officials about trade irritants. Speaking at a news conference in Ottawa, Carney said tariffs imposed by the United States on Canadian steel, aluminum and forest products go beyond minor disputes and are inconsistent with the existing trade deal. He did not outline specific retaliatory measures but indicated the federal government views the tariffs as a significant breach. Car

Canada’s immigration minister is facing criticism from legal professionals after discussing details of a proposed immigration program during a social media interview before any formal government announcement. Minister Lena Metlege Diab, in an interview with influencer Max Medic, said the federal government is preparing a new pathway to permanent residency for thousands of temporary residents. According to the interview, the proposed program would focus on individuals living outside major metropolitan areas. The Canadian Immigration Lawyers Association said in a statement it has sent a letter

U.S. aviation regulators are investigating a near-miss incident involving an Air Canada jet and a Republic Airways flight at John F. Kennedy International Airport on Monday, according to the Federal Aviation Administration. The FAA said the Republic Airways pilots took evasive action after their aircraft missed its intended approach and came too close to the Air Canada plane. Both flight crews responded to onboard collision-avoidance alerts, the agency said. No injuries were reported. The FAA has not released further details on how close the aircraft came to each other or what factors contribu