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It’s Wednesday, July 8. Here are the top stories we’re following today.
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Air Canada has appointed SAS Scandinavian Airlines’ current chief executive, Anko Van der Werff, to succeed Michael Rousseau chief executive.
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Bankers and lawyers advising Canadian dealmakers are encouraged to see initial public offerings returning to Canada after a prolonged slowdown between 2022 and 2024, and they hope the enthusiasm generated by the high-profile deals in the U.S. encourages further activity north of the border.
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Going into 2026, Fitch Ratings Inc. had a “deteriorating” outlook for the Canadian banking sector as the country grappled with declining economic growth and trade tension uncertainties, but that outlook was upgraded to neutral last month after Canada’s Big Six posted higher-than-expected profits during the first half of 2026.
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Valeria is well positioned financially to retire at 55, even though her lifetime pension income will drop sharply by taking early retirement, said Eliott Einarson, a retirement planner at Ottawa-based Exponent Investment Management.
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Canadian taxpayers who own, but fail to report, certain foreign property continue to get hit with harsh penalties from the Canada Revenue Agency for either non-filing, or late-filing, of the dreaded Form T1135, Foreign Income Verification Statement.
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