Canada is splashing out on its Air Force

Canada is forging ahead with the largest recapitalization of its air force since World War II.

The Department of National Defence has signed a 25-year, $11.2 billion deal with SkyAlyne Canada to provide and modernize air force training platforms.

Canadian schools pile on with Big Tech lawsuits

More Canadian schools are blaming social media platforms for pushing educators and already-thin resources to the brim. 

What happened: Five Ontario school boards and two private schools are suing the parent companies of Facebook, Instagram, Snapchat, and TikTok for $2.6 billion, alleging their platforms are intentionally addictive and harming students’ mental health and learning capacity.

Can limited-time offers lead to long-term sales?

The newly unveiled McDonald’s fries dusted in churro or masala seasoning are the latest limited-time offers (LTOs) from a big fast-food chain this year… and they won’t be the last.  

Big picture: LTOs have long been an industry staple used to lure customers and test out potential permanent items. Fast-food chains are now leaning on them more heavily than ever, with research firm Technomic finding that U.S. LTO launches were up 46% in the past year.

From The DMs

Stem cells could cure diabetes

The problem: Diabetes can cause serious complications, even with proper insulin treatments to manage the disease. A man in China, for example, needed a kidney transplant and was losing function in his pancreas after living with Type 2 diabetes for 25 years.

Meta AI is getting around the company’s news block

Meta’s AI push might be undermining its efforts to block news in Canada and avoid a big bill to publishers.

Ontario lands $357 million for affordable housing

The federal and Ontario governments have reached a deal that will unlock $357 million in federal funding for the province to ramp up its expansion of affordable housing projects. 

What happened: As part of the deal, Ontario submitted a revised plan that puts the province on track to potentially reach the federally mandated target of 19,660 new affordable units by March 31, 2025 — a huge departure from its last proposal, which projected only 1,184 new units in that span. 

No-good varmints are rustling Canadian cattle

Did you know that, until 1832, stealing cattle was punishable by death in Upper Canada? These days, ranchers have to hope that jail time for ‘theft under $5,000’ is enough of a deterrent. 

What happened: Police in Québec are investigating a suspected case of cattle theft, or rustling, in which a rancher claims thieves nabbed his herd of almost 75 cows valued at ~$200,000. 

Stock trading just got a speed boost

Like us after our afternoon espresso shot, stock transactions are doubling their efficiency. 

As of this week, payments from sales of stocks or securities must be paid in full within a business day of the transaction going down, replacing the old two-day window.

Housing prices might soon shoot up

The housing market might be set for a comeback with expected rate cuts this summer.

You deserve a financial planner

It’s a myth that financial planners are only for the wealthy — they can help anyone feel less stressed about money.

How much is your barista taking home in tips?

We’ve all been there: You’re about to pay an exorbitant amount for a cappuccino, and the barista turns the iPad over to a display of tip options… 15%, 20%, and even 30%. What do you choose? You imagine your barista’s student debt, or maybe their ambitions to fund a short film. 

Windsor hatches plan for a deserted downtown

As cities across Canada grapple with high office vacancy rates, Windsor has rolled out a $3.2 million plan to lure people back into its desolate business district.

Driving the news: Canada’s southernmost city will increase spending on policing and social services in its downtown core, a direct response to both businesses and locals that have overwhelmingly pointed to a lack of safety as the major reason for avoiding downtown. 

A Barbenheimer hangover hits box offices

 This past weekend, Canadian and U.S. box office numbers were down 40% compared to last year, after disappointing new releases by both Furiosa and Garfield. In fact, it was one of the weakest Memorial Day weekends seen at the movies since the early 1980s. 

Indigo starts a new chapter

Canada’s largest bookstore chain hopes a sale will help turn its story from tragedy to triumph.

What happened: After a year defined by a cyberattack, board upheavals, and continued financial losses, Indigo is going private in a sale to Trilogy Retail Holdings and Trilogy Investments, companies owned by the husband of Indigo founder and CEO Heather Reisman.  

Ottawa weighs citizenship path for undocumented migrants

The federal cabinet is mulling a plan to give thousands of undocumented migrants in Canada official citizenship status.

Catch-up: Under the proposal, people who entered Canada legally but stayed after their visas expired (including international students) are expected to be eligible for official status.

Bumble is taking dating offline

One of the pioneers of swiping in an app to meet your mate is leaning into the radical idea that striking up a chat in-person might work better, after all. 

What happened: Bumble, the popular dating app that promises to put “women first”, acquired Geneva, an app that helps people find and join offline communities. 

What to do this weekend

Germany takes action against climate activists

From throwing potatoes at art to gluing their hands to airport runways, climate activists are growing bolder by the day, but so are the governments aiming to get them under control. 

What happened: Five members of Letzte Generation, a group of climate change activists, have been charged with “forming a criminal organization,” under Germany’s criminal code.

Putin wants to put fighting on pause

Authoritarian leaders, they’re just like us: They love taking on ambitious projects (be it starting a garden or launching invasions in neighbouring territories) only to try and quit them later on. 

What happened: Vladimir Putin is ready to negotiate a ceasefire with Ukraine that would pause fighting and recognize current battle lines, Russian sources told Reuters. Russia controls around 18% of Ukrainian territories, including Crimea, which it annexed in 2014.