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It’s Friday, August 28. Here are the top stories we’re following today.
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Statistics Canada released revised data for the first quarter of 2026, showing the economy actually grew by 0.3 per cent. Previously, the agency reported annualized real gross domestic product had contracted by 0.1 per cent in that quarter, which had marked two consecutive quarters of negative GDP growth, meeting the technical definition of a recession.
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The federal government is investing $195 million in Toronto-based Xanadu Quantum Technologies Inc.’s advanced manufacturing facilities to help it build a quantum data centre and boost Canada’s cutting-edge technology supply chain, Ottawa announced on Friday.
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U.S. Federal Reserve Chair Kevin Warsh just called U.S. inflation “concerning,” and his concern has a way of becoming Canada’s concern. Bond markets took it badly, with U.S. five-year yields vaulting to a two-and-a-half-year high.
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Employers too often investigate backwards. They decide that an employee has to go and then assemble a way to justify the decision, writes Howard Levitt.
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FP Answers: People often need to weigh the benefits of realizing taxable income today against deferring taxes to the estate later.
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