Browsing Tag
Canada
648 posts
MDA Space secures Thales Alenia Space antenna contract for 66 European IRIS² satellites
MDA Space has secured an initial contract worth more than C$100 million to supply digital antenna systems for 66 satellites in Europe's IRIS² secure communications constellation. The agreement strengthens its position in sovereign satellite infrastructure, but the larger contract remains subject to finalisation while investors assess cash consumption, capital investment and the company's growth outlook.
Canada and EU launch new alliance as Mark Carney explores associate membership
Canada and the European Union have launched an Alliance for the Future covering economic security, digital trade, defence, energy and critical minerals. Prime Minister Mark Carney is also exploring a new form of association with the EU that would stop short of full membership, although its legal and institutional terms remain undecided.
Canada’s federal deficit narrows 52% to C$5.4bn, but debt costs keep rising
Canada's federal deficit fell to C$5.36 billion in the first five months of the 2026-27 financial year, compared with C$11.07 billion a year earlier. Stronger tax revenue contributed to the improvement, although programme spending and public-debt charges continued to rise.
Bank of Montreal completes C$14.5bn equipment-finance portfolio sale to Stonepeak
Bank of Montreal has completed the initial transfer of its transportation and vendor-finance businesses to Stonepeak, establishing Longview Capital Solutions as an independent equipment-finance platform. The transaction reduces the bank's direct exposure to capital-intensive lending while preserving minority ownership, although part of the portfolio remains to be transferred.
Air Canada cuts 2026 EBITDA guidance by C$500m despite record C$6.98bn quarterly revenue
Air Canada has reported record third-quarter revenue and stronger passenger yields but reduced its annual earnings and free cash flow forecasts after fuel costs rose sharply, highlighting the limits of fare increases in protecting airline margins.
Cohere targets C$7bn AI funding round as Canada pledges C$1.6bn, but what is actually secured?
Cohere has announced an initial close of a Series E financing round targeting up to C$7 billion, supported by the Canadian government, Schwarz Group and NVIDIA. The proposed funding would strengthen its sovereign AI infrastructure and enterprise software ambitions, although the amount already secured and the economics underpinning its C$35.7 billion valuation remain undisclosed.
Chipotle sales rise 9.6% to $3.29bn as returning customers fail to protect restaurant margins
Chipotle reported a third consecutive quarter of positive comparable transaction growth and opened 84 restaurants, but operating margin declined as labour, occupancy and other costs increased. Its ambitious 2027 expansion plans will test whether stronger customer demand can restore profitability.
Magellan Aerospace joins Saab’s Gripen Canada plan, but how much fighter jet manufacturing work could it secure?
Magellan Aerospace has signed a memorandum of understanding with Saab to explore manufacturing advanced structures for the Gripen E fighter in Canada. The proposed work includes composite wing skins and external fuel tank activities, but its commercial value depends on Canada's future fighter procurement decision and subsequent production contracts.
Canada–EU summit drops associate-membership proposal as Mark Carney seeks new trade options
Canada and the European Union have removed an undefined associate-membership proposal from their draft summit declaration while retaining plans for closer economic, security and technology cooperation.
Bank of Canada raises interest rate to 2.50% as inflation forecast jumps to 3.1% for 2027
The Bank of Canada has increased its benchmark interest rate by 25 basis points, warning that persistent energy costs could drive broader inflation and require additional monetary tightening.