UBS reached an eleventh-hour deal to acquire rival Swiss bank Credit Suisse yesterday, the latest effort to stabilize a global banking system that looks increasingly shaky (and is giving off way too many 2007-08 vibes for our liking).
It’s been a minute since we’ve discussed Canada’s ambitions to become a leader in liquefied natural gas (LNG) exports. How are things going? Honestly, not great.
After Google unveiled some sweet AI Workspace features, Microsoft reasserted its pole position in the AI arms race with a product it claims will “transform work as we know it.”
It’s not a Happy St. Patty’s for everyone. On the year’s premier drinking day, Big Beer is ramping up a fight with the federal government over a looming tax hike on the sudsy stuff.
Ask any working parent across the country what their most significant source of stress is, and most will say the same thing—affordable childcare. The fed and provinces have agreed to a $30 billion, five-year deal to provide $10 per day childcare, but there's one problem: There doesn’t seem to be enough people to look after the youngsters.
Hah, if only we knew. What we do know is that the largest US bank failure since the 2008 financial crisis is calling the stability of the banking system into question.
Canada’s chief science advisor released a report on long Covid, claiming the illness could trigger a “mass-disabling event” with the potential to ravage healthcare and labour markets.
That’s it: Banks have been sent to the time-out corner. And now, Canada’s top banking regulator wants to be kept in the loop as another crisis hits the US banking system.
Before you settle in for today’s Silicon Valley Bank (SVB) coverage, get caught up. Like any bingeable show these days, you gotta start at the first episode.
Who's to blame for staggeringly high food prices in Canada? According to the top brass at the country's three biggest grocery chains, it's not them—it's everyone else!