For Glenn McKenzie, the uncertainty around the proposed Alto high-speed rail line isn’t about faster travel between Toronto and Quebec City – it’s about whether his family’s farm can survive. McKenzie and his family raise grass-fed beef near Balderson, Ont. His farm relies on a mile-long pasture corridor to move cattle from one section of land to the next. It’s part of a rotational grazing system. “We have a mile-long grazing corridor,” McKenzie said. “We practice rotational intensive grazing and the cattle are on a small strip of land and we keep moving them down until they reach the end, and then we start all over again.”

La capitale turque constituera la première étape du séjour d’une semaine de M. Carney au Moyen-Orient, qui s’achèvera par un bref passage en Arabie saoudite visant à renforcer les liens commerciaux et d’investissement. Le sommet de l’OTAN, qui se tiendra les 7 et 8 juillet, sera de moins grande ampleur par rapport au rassemblement annuel habituel de l’alliance. Ce qui durait auparavant deux journées complètes de réunions se résume désormais à un dîner et à une seule séance au cours de laquelle les représentants de tous les États membres se réuniront. Selon Kerry Buck, ancienne ambassadrice du Canada auprès de l’OTAN, la réunion de cette année a été décrite comme un « sommet court et agréable visant à éviter tout drame », compte tenu de la propension du président américain, Donald Trump, à semer la zizanie et à insulter ses alliés.

Rogers Communications Inc. has signed an agreement to buy the remaining 25-per-cent stake in Maple Leaf Sports & Entertainment from Kilmer Sports Inc. for $4.35-billion, giving it full control over Toronto’s top sport teams and bringing it one step closer to its minority sale strategy. Through the deal, Rogers now owns the entirety of the Toronto Maple Leafs, Toronto Raptors, Toronto FC and Toronto Argonauts, which it adds to its existing sports holdings, the Toronto Blue Jays, the Rogers Centre and Sportsnet. “This is a defining moment for Rogers,” said Rogers president and chief executive officer Tony Staffieri in a release Monday morning. “It gives us even more opportunity to invest in championship-calibre teams, create unique experiences for customers and fans, and unlock long-term value for shareholders.”

Comcast’s Sky has agreed to buy ITV’s television business for up to about $2.14 billion, in a deal that will combine two of the U.K.’s best-known media brands. Under the deal, London-listed ITV will receive 1.2 billion pounds ($1.6 billion) and Sky’s Love Productions business, before additional performance-related add-ons that could bring the transaction volume up to 1.6 billion pounds. The deal gives the U.S. media company control of one of the U.K.’s most watched broadcasters at a time when younger viewers are shunning traditional broadcasters in favor of streaming platforms like YouTube and Netflix.

Genesis Minerals has lobbed a ‌bid worth about A$5.6 billion ($3.9 billion) for Vault Minerals, topping an existing offer from Regis Resources, as surging gold prices fuel a consolidation wave in Australia's mining sector. The combination would create ​one of the country's largest gold producers with a market value of ​A$12.6 billion and an annual production capacity of up to 700,000 ounces. Genesis ⁠said on Monday it estimates it will bring in some A$2 billion in ​synergies as its Leonora operations are just 25 kilometres (15.53 miles) from Vault's. This means its ​higher-grade ore could be milled through Vault's processing plant rather than having to expand its own. Shares of Vault rose as much as 12.3% to A$5.12, their highest since mid-March. Genesis shares fell ​8.4% to A$5.76, while the broader benchmark was largely unchanged.

Iran's ruling clerics are preparing days of mass funeral rites for Ayatollah Ali Khamenei as a show of public devotion to the Islamic Republic and proof that its revolutionary fervour still burns strong. Iran's supreme leader was killed ​by U.S. and Israeli strikes in their first attack of the war and the funeral events will begin over the weekend in Tehran, with mass processions planned next week in Qom and Mashhad ‌and ceremonies in Iraq. "The large public turnout at the funeral procession of the martyred leader and the other martyrs will, in effect, be another referendum for the Islamic Republic," Qom Friday prayer leader Ayatollah Mohammad Saidi declared to state media. If they do see it as a referendum, authorities are not leaving the result to chance.

The leaders of Canada and the Philippines signed agreements Thursday on energy, natural resources, labour and tourism, as the countries reinforced their shared priorities and hope for a trade deal. “We share the same aspirations, in terms of what we would want to achieve in the world,” Philippine President Ferdinand Marcos Jr. told reporters in Vancouver, during the first visit to Canada by the Philippines’ head of government in more than a decade. Prime Minister Mark Carney had invited Marcos to visit Canada as the two countries aim to have a bilateral trade agreement concluded by the time Mr. Carney heads to Manila for a November summit.

A divided federal appeals court ruled on Thursday that U.S. President Donald Trump's ‌administration could not proceed with firing 19 intelligence officers who had been assigned to positions related to diversity, equity, inclusion and accessibility initiatives. A 2-1 panel of the Richmond, Virginia-based 4th U.S. Circuit Court of Appeals upheld an injunction, opens new tab that a lower-court judge issued last ​year requiring the CIA and Office of the Director of National Intelligence to provide them an opportunity ​to seek reassignment to new positions and appeal their terminations internally. U.S. Circuit Judge Nicole ⁠Berner, writing for the majority, said that among the promises of the U.S. Constitution's Fifth Amendment "is the requirement ​that no person be deprived of life, liberty, or property, without due process of law." "This promise of due process ​has been construed to require federal government agencies to adhere to their own binding regulations," she wrote.

Canadian mining exploration company Faraday Copper Corp. is acquiring a promising copper project in Arizona for more than half-a-billion dollars from BHP Group Ltd. in an all-share deal. After announcing a provisional pact in February to acquire the San Manuel property, Vancouver-based Faraday said in a release on Thursday that it intends to move forward with the deal. Melbourne-based BHP will be paid in Faraday’s shares, with the Canadian company issuing stock amounting to a 30-per-cent stake. Faraday’s market value was $1.75-billion before the market opened on Thursday, putting the value of the transaction at about $525-million.

Australia's competition regulator said on Friday the proposed merger ​of energy contractors Subsea7 and Saipem would face ‌a second-phase review over concerns it could reduce competition in key offshore oil and gas services. Here are a ​few details: The Australian Competition and Consumer Commission (ACCC) said ​the deal could lessen competition in the ⁠supply of certain subsea infrastructure used to connect ​underwater wells and production systems to surface facilities. The regulator ​described the services as critical to Australia's offshore oil and gas sector. The decision came a little over a week ​after Brazil's antitrust agency approved the merger without any ​conditions. "We will conduct further in-depth inquiries during the Phase 2 assessment ‌and ⁠seek more information about the likely competitive effects of this proposed merger," ACCC Commissioner Philip Williams said.

NATO leaders gather next week in Ankara, where Europeans aim to set aside strife with U.S. President Donald Trump over Iran and Greenland ​and show they are stepping up to defend the continent as Washington cuts back on its commitments to the alliance.
NATO Secretary General Mark Rutte says ‌the gathering next Tuesday and Wednesday will show Europeans are honouring pledges to hike defence spending to deter Russia from any attack, with arms deals worth tens of billions of dollars to be signed. Leaders are also expected to vow to keep funding weapons for Ukraine’s fight against Russia’s invasion. Ukrainian President Volodymyr Zelenskiy will attend a dinner hosted by Turkish President Tayyip Erdogan, who will also hold bilateral talks with Trump.

A group of Senate Democrats requested on Wednesday that the Federal Reserve’s in-house watchdog ​investigate a meeting by the central bank’s top ‌bank regulator and financial market participants held during a quiet period for Fed officials. Citing Fed Vice-Chair for Supervision Michelle Bowman’s attendance at ​a Bank of America client event held right ​after the June 16-17 Federal Open Market Committee meeting, ⁠the senators wrote “we ask” the Fed’s Inspector General “to review ​whether her attendance or comments violated any statutes, rules, regulations, ​policies, or procedures and whether the Fed’s existing framework governing such external events should be strengthened.” The letter, was authored by Senators Elizabeth Warren, Jack ​Reed, and Chris Van Hollen, and was written to ​Fed I.G. Michael Horowitz. The letter was first reported by the Wall ‌Street ⁠Journal.

Hamas said on Monday it had dissolved its de facto government in Gaza and signalled it was ready to hand over to ​a group of Palestinian technocrats, as it presses Israel to honour other parts of a stalled U.S.-backed peace plan. The group's promise ‌to end the body overseeing ministries — which has run for more than a decade — was a key part of the plan for a post-war Gaza set out by U.S. President Donald Trump after the start of a fragile ceasefire with Israel in October. Hamas said the ministries themselves and the staff it had appointed would stay in place and it would ​still oversee security and policing in parts of Gaza left under its control following the U.S.-brokered truce.

Lockheed Martin will buy naval defense company Ultra Maritime from ​private equity firm Advent for $3.45 billion, bolstering its ‌portfolio as global demand for military technology surges. After the closing of the deal, announced on Monday, Ultra Maritime will become ​a part of Lockheed's rotary and mission systems, ​which reported revenue of $17.3 billion in 2025 and ⁠employs 35,000 people worldwide. Sustained conflicts in Ukraine and the ​Middle East, and U.S. President Donald Trump's $1.5 trillion defense budget ​request for 2027 are driving up demand for weapons and military technology, pushing defense contractors to expand their capabilities.

Thales said it would buy a stake in Exail Technologies before making a bid that values the company at nearly $4.5 billion including debt, part of the French aerospace and defense group’s efforts to strengthen its underwater warfare offering. The company said it had reached an agreement to acquire a 35.51% stake at 134 euros a share from the Gorge family that controls Paris-based Exail, which specializes in maritime robotics and navigation systems. The family commands 43.77% of Exail’s share capital and 60.52% of voting rights, according to the company’s website. Thales said it hoped to close the stake deal by next year’s third quarter and subsequently table a bid at 134 euros a share that values the whole of Exail at 3.9 billion euros ($4.46 billion), including debt. That offer, which represents a 44% premium to Exail’s share price on June 25, is expected to close at the beginning of 2028 at the latest.

Toby Neugebauer, the co-founder and largest shareholder of energy and data center ​development company Fermi, said on Friday he has ‌suspended his proxy campaign to call a special meeting after a Texas Business Court judge ​recused himself shortly before a scheduled ​hearing, disrupting the timetable for a ⁠strategic review. Neugebauer said more than 70% of ​votes cast so far backed a special ​meeting, but the judicial delay made it impossible to seat new directors in time to oversee ​what he called a "true dual-track process" for ​the company's financial and leasing needs.

Germany does not have to shy away from talking up its record on defence ​spending, Chancellor Friedrich Merz said on Friday, when asked about U.S. ‌President Donald Trump calling Germany's past efforts "ridiculous". The issue of defence spending has loomed large as NATO leaders prepare to gather next week in Ankara, where Europeans aim to set aside strife with Trump over Iran ​and Greenland and show they are stepping up to defend the continent. "Germany is ​doubling its defence budget within four years. This is the greatest ⁠effort we have ever made to strengthen our defence capabilities. In this respect, ​we have no reason to shy away from anyone," Merz told reporters. "We will state ​this, with all due modesty, and we are doing so as the European Union’s largest member state, bearing a responsibility within Europe."

Trifluvienne de naissance, la première ministre a confirmé jeudi ce qui n’était plus vraiment un secret, soit qu’elle se présentera dans la circonscription de Trois-Rivières, siège laissé vacant par le ministre du Travail, Jean Boulet, qui quittera la vie politique à la fin de son mandat. Mme Fréchette s’est présentée devant un petit groupe de partisans, de ministres, de députés et de membres de sa famille, dans une distillerie locale après avoir été présentée par son conjoint, le financier Guy Nadeau. Celui-ci a d’ailleurs annoncé prendre une pause de son emploi pour la soutenir jusqu’aux élections générales d’octobre prochain. Christine Fréchette a longuement parlé de sa ville, où elle est demeurée jusqu’à la fin de ses études collégiales. « Je suis née ici, j’ai grandi ici, rue Bordeaux », a-t-elle déclaré

Vivendi was hit with additional EU antitrust charges on Friday ​related to its 2023 acquisition of publisher ‌Lagardere as regulators strengthened their case that could lead to a hefty fine for the French media conglomerate. The ​European Commission, which acts as the EU ​competition enforcer, had in July last year charged ⁠Vivendi with breaching merger rules for acquiring Lagardere ​before first securing its approval. The regulator has subsequently ​sent a supplementary statement of objections. "The SSO follows an earlier Statement of Objections from July 2025 and provides ​new significant evidence, and related explanations," a Commission ​spokesperson said in an email.

Eligible Canadians will find a bit more cash in their bank accounts starting today as quarterly payments begin for the federal Liberals’ boosted affordability benefit. The Canada Groceries and Essentials Benefit is paid out to lower-income households every three months and was previously called the GST/HST credit. Eligible households got a one-time payment worth 50 per cent of the benefit’s annual value in early June. The quarterly payments are also getting a 25 per cent boost for the next five years. Annual amounts can range between a few hundred dollars to more than a thousand dollars per family, depending on marital status and the number of children in the household. Prime Minister Mark Carney pitched the affordability measure in January as a way to help Canadians cope with economic uncertainty and the rising costs of essentials.

Getty Images plans to terminate its merger agreement with Shutterstock after a U.K. regulator said the latter company must sell its editorial business in order for the merger to be approved. Getty said Tuesday that the U.K. Competition and Markets Authority conditioned its clearance of the merger of equals on the sale of Shutterstock’s editorial business—a condition Getty said it wasn’t required to accept under the merger agreement. Its board voted not to proceed with a process of selling Shutterstock’s editorial business and instead terminate the merger agreement on July 6, assuming the situation doesn’t materially change by then, according to a Tuesday filing with the Securities and Exchange Commission.

Activist investors pushed global companies more aggressively in the second quarter to make changes and lifted the overall pace of campaigns in the first half of 2026, ​Barclays data showed, as their biggest demand was for businesses to sell themselves in a rebounding deal market. Compared with ‌the first half of 2025, activists such as Elliott Investment Management, Jana Partners and Starboard Value, launched 136 global campaigns between January and end-June, a 5% year-over-year increase, according to the data. While first-quarter activity was muted following a record number of 256 campaigns in all of 2025, activity picked up dramatically in the second ​quarter with 74 campaigns, the data showed.

Canada announced plans to build a new oil pipeline from Alberta to the Pacific coast, which would give the world's fourth-largest oil producer greater ‌capacity to export to Asia and ease its reliance on the United States. Prime Minister Mark Carney made the announcement in Calgary alongside Alberta Premier Danielle Smith, whose government said construction of the 1-million-barrel-per-day pipeline would begin as early as September 2027. The plan marks the culmination of months of political wrangling and compromise on all sides. It represents the Carney government's attempt to balance Canada's environmental ​ideals with the economic reality posed by U.S. President Donald Trump's tariffs policy.