Meta’s new Twitter competitor, Threads, debuted on Wednesday and… it’s a hit. 

What happened: After launching to almost 2 billion users in over 100 countries, the highly anticipated microblogging app has seen more than 30 million signups. In fact, it’s seen so much success that Twitter already threatened to sue Meta for being a copycat, per Semafor. 

Getting ahead in the green transition doesn’t come cheap… just ask the government.

What happened: The federal and Ontario governments convinced automaker Stellantis and electronics company LG to resume the construction of their NextStar electric vehicle (EV) battery factory in Windsor. All it took was promising up to $15 billion in subsidies.

The gap between the richest and poorest Canadians is growing, but the reason why may surprise you.

Driving the news: The wealth gap between the top 20% of earners and the bottom 40% widened by 1.1 percentage points in the first quarter of the year, the fastest pace on record, per new Stats Canada data.  

The feds just told Meta, “Oh, you wanna be withholding? Well, two can play at that game.” 

What’s happening: The federal government has suspended its advertising on Facebook and Instagram—worth about $10 million annually—in response to Meta’s decision to block Canadian news content for Canadian users once the Online News Act comes into effect.

After only the US, Canada sees more tornadoes than anywhere else on Earth… and they might be getting stronger. 

What happened: A massive tornado that tore through two towns north of Calgary over the weekend has been classified as stronger than 95% of tornadoes usually seen in Canada.

Mark Zuckerburg is ready to rumble… and no, we’re not talking about the cage flight that may or may not happen against Elon Musk. 

Driving the news: Meta is sticking it to Twitter by launching a challenger called Threads. Tomorrow, the internet will have yet another choice for text-based expression *sigh*. 

If you thought 25 years was a long time to spend paying off your mortgage, just wait until you see the multi-decade extensions some Canadians are getting (and not by choice, either). 

Driving the news: With interest rates spiking over the past year, many Canadian homeowners are watching their amortization periods – the length of time it takes to fully pay off a mortgage – increase anywhere from 60 to 90 years. 

A union representing BC port workers has extended their long weekend until further notice. 

What happened: A strike affecting BC ports has entered its fourth day and could potentially impact the flow of goods from the province’s coast—worth about $800 million every day. 

While you were busy firing up the grill on Saturday, new clean fuel rules quietly came into effect.

Driving the news: Canada’s new Clean Fuel Regulations will require refiners and importers of gas and diesel to reduce emissions across all stages of fuel production and consumption, working towards reducing fuel emissions by 15% between 2016 and 2030.

Hey, want to build houses? Asking for our friends in the construction industry.
 
Driving the news: As one-fifth of Canada’s construction workforce nears retirement age, the industry faces a severe labour crunch as it struggles to recruit new builders. 

Make the most of your Canada Day long weekend with our tips.

Canada has become pretty good at growing by attracting newcomers from abroad: The population is increasing by nearly 3% per year and recently crossed the 40 million threshold.

Yes, but: When it comes to making it easy for people to work in their field, it’s been a different story, with many professionals trained overseas unable to get credentials to work in Canada. Thankfully, that’s starting to change. 

Energy has been a specialty of ours for a long time, and some brilliant Canadian innovators are helping keep that tradition alive by ushering in the next generation of energy tech.

Driving the news: From nuclear fusion and small-modular reactors to wind power to geothermal, Canada is pushing the boundaries of what’s possible when it comes to generating clean power.

We don’t need to tell you Canada needs a lot more homes (around 3.5 million more by 2030 if you ask the Canadian Mortgage and Housing Corporation), and there’s no shortage of people talking about the problem. 

But the Squamish First Nation in B.C. is actually doing something to fix it.

Catch up: Along with the 6,000-apartment Senakw development in Vancouver it announced last year, the Squamish are planning to develop more of their 350 acres of reserve land, over half of which is in Metro Vancouver.

The biggest artificial intelligen…sorry, tech event in Canada has drawn to a close. 

Driving the news: The three-day Collision conference welcomed over 36,000 attendees to hear from technology leaders, including Google DeepMind’s Colin Murdoch, the “Godfather of AI” Geoffrey Hinton, and Cohere’s Aidan Gomez. 

Canada is learning (the hard way) that when tech giants make threats, you best believe ‘em.

What happened: Google announced it would stop showing Canadian news content in Canada when the Online News Act comes into effect later this year. That means no more Canadian news in the News tab and an end to publishing deals with over 150 outlets.  

A cyberattack on Suncor has left the company and its customers looking for answers.

Driving the news: The Canadian energy giant is still reeling from the effects of a cyberattack that hit the company last weekend. Payment systems are down at a number of Petro Canada stations nationwide, and the website and app have also been affected.