Canadian luxury real estate developer Westbank Projects Corp. was struggling with losses and delays on a string of high-profile projects as recently as September, according to a lawsuit from a former executive who claims she’s owed money, Bloomberg News reported. Rhiannon Mabberley, who was Westbank’s vice president of development, is suing her former employer for breach of contract, constructive dismissal and failure to meet obligations of good faith, according to filings in the Supreme Court of British Columbia. She’s claiming C$1.2 million (around $880,000).

An Ontario court has agreed to recognize a U.S. bankruptcy filing from the operator of Eddie Bauer’s Canadian stores, the Canadian Press reported. The Ontario Superior Court’s recognition of the case paves the way for any outcomes in the U.S. proceedings to more easily be applied in Canada. When apparel firm Eddie Bauer LLC filed for bankruptcy protection earlier this month, it said it would look to sell its stores while it liquidates its Canadian and American shops. The Ontario court filings show 24 of the company’s 175 North American stores are in Canada.

Canada's trade deficit narrowed in December even as its share of exports to the United States dropped to the lowest level on record, barring two months during the peak of the COVID-19 pandemic, data showed on Thursday, Reuters reported. The latest numbers indicate that Canada has managed to reduce its exposure to the world's largest economy, which is also its largest trading partner, as non-U.S. exports hit an all-time high. Statistics Canada said the country recorded a C$1.31 billion ($957 million) deficit in December, led by metals and non-metallic mineral exports.

Earlier this month, President Trump found the latest pressure point to extend his leverage over Canada: a new bridge connecting the country to the United States that is expected to open this year, the New York Times reported. Trump threatened to block the opening, just hours after the billionaire owner of a competing U.S.-Canada bridge met with Howard Lutnick, Trump’s commerce secretary. It wasn’t that the president was particularly passionate about the new bridge.

Statistics Canada says lower prices at the pump and easing shelter inflation helped rein in the pressure facing consumers in January, BNN Bloomberg reported. The agency said Tuesday that the annual rate of inflation ticked down to 2.3 per cent last month. Economists had expected inflation to hold steady at 2.4 per cent. StatCan said gas prices were 16.7 per cent lower year-over-year in January, largely thanks to the end of the consumer carbon price in April. That decline helped offset food inflation, which accelerated to 7.3 per cent annually in January.

The central Alberta community of Gibbons’ status as a town hangs in the balance as a series of bad financial decisions have jeopardized its future and left it hurtling towards insolvency, according to the town’s mayor and council, CBC.ca reported. Town officials, including interim chief administrative officer Tim Duhamel, presented information about the town’s financial situation to Sturgeon County’s mayor and council on Tuesday morning. “We're in a terrible situation right now, unprecedented for sure,” Gibbons Mayor Rick Henderson said.

The GOP-led U.S. House of Representatives passed a resolution on Wednesday designed to roll back President Trump’s tariffs on Canada, as a half-dozen Republicans joined Democrats in rebuking the administration’s signature economic policy, the Wall Street Journal reported. The House voted 219-211 to approve a Democratic resolution that would invalidate the emergency declaration that underpins Trump’s tariffs on Canada.

Canadians are borrowing money across more accounts and at later stages of financial stress as debt balances hit record highs, a new bankruptcy study has found, the Globe and Mail reported. The average insolvent debtor owed $67,496 in unsecured debt, including credit card loans and payday loans, in 2025, Monday’s report from Ontario bankruptcy trustee firm Hoyes, Michalos & Associates Inc. found. It’s the highest average level the firm has recorded since it began tracking that debt 15 years ago.

With a deal having now been ratified between Laurentian University and its faculty after a strike lasting nearly three weeks, LU says it has yet to be determined when the semester will resume, although it’s looking like Reading Week will be cancelled, Sudbury.com reported. Despite the Laurentian University Faculty Association (LUFA) presenting the university’s offer to its members without a recommendation for rejection or acceptance, they voted 74 per cent in favour at a Feb. 8 meeting. The university’s board of governors also ratified the deal at a meeting on Feb.