Business
Toronto AI Firm Ada to Merge With Dialpad at About Half Its Unicorn Value
The all-share deal values the chatbot pioneer at roughly $600 million, down from a US$1.2-billion peak, after layoffs and executive departures.
Carney Says U.S. Is 'Asking Less and Offering More' as Trade Talks Heat Up
Red lines on French content and Canada's other trade deals are off the table, but autos remain the sticking point ahead of an APEC meeting with Trump.
Ontario's Deficit Balloons to $16.9 Billion as Trade War Slows Growth
The fall economic statement pushes a balanced budget to 2029-30, the fourth delay since 2024, with interest costs at $17.4 billion.
Ottawa to Invest Up to $1.6 Billion in Toronto AI Company Cohere
The stake is part of a $7-billion round valuing the U of T-rooted firm at $35.7 billion, with pledges of 1,000 Canadian jobs.
Bank of Canada Raises Rates for First Time Since 2023 as Oil Prices Push Inflation
The quarter-point hike to 2.5 per cent will hit variable-rate borrowers, and Macklem says more increases could be needed.