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Canada’s retail landscape is entering a new chapter, according to some experts, BNNBloomberg reported. After a year of stubborn inflation, shifting consumer priorities and retail innovation, 2026 could see significant change in how Canadians shop. Donna Smith, director of Toronto Metropolitan University’s (TMU’s) School of Retail Management, says the turbulence of 2025 reshaped both spending habits and business models across the sector. “We seen inflation on a number of fronts,” the professor said in an interview with CTVNews.ca in November.
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Gifts, grocery bills, travel expenses: holiday spending can cause many surprises and headaches for Quebec households when credit card bills arrive in January, the Canadian Press reported. The beginning of the year is a busy time for licensed insolvency trustees, as shown by statistics compiled by the Office of the Superintendent of Bankruptcy Canada. In January 2025, the number of consumer insolvency filings in Canada increased by 20 per cent compared to the previous month.
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Canada is in a unique position to leverage America’s need for lumber as officials review the Canada-United States-Mexico Agreement (CUSMA) in the New Year, according to a trade expert, BNNBloomberg.com reported. U.S. President Donald Trump claims the U.S. doesn’t need anything from Canada yet Canada produces about 25 per cent of all U.S. lumber demand. Nearly 90 per cent of softwood lumber is exported to the American market. “The good news is they need our wood. We think that there’s an ability to make a deal at some point,” Daryl Swetlishoff, head of research at Raymond James Ltd.
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The Canadian economy slowed in October amid a pullback in the manufacturing sector, as economists expect “subdued” economic growth heading into 2026 before a gradual recovery, the Canadian Press reported. Statistics Canada reported Tuesday that real gross domestic product was 0.3 per cent lower in October. Goods-producing industries fell 0.7 per cent, with manufacturing driving the decline. Manufacturing output was down 1.5 per cent in the month, StatCan reported.
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British Columbia’s Supreme Court October ruling could leave private property in 95% of British Columbia vulnerable to claims from indigenous groups that have been seeking to reclaim ownership of land taken from them scores of years ago, said government officials and property lawyers, the Wall Street Journal reported. The ruling has roiled the wealthy districts of the greater Vancouver area, one of the most expensive real-estate markets in the world.
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Current and former members of Laurentian University’s staff and faculty unions will receive cheques in the new year after paying into a retiree health benefits plan that the university spent on its operational and capital budgets instead, CBC.ca reported. The money meant for the retiree health benefits plan was mismanaged during Laurentian’s insolvency from 2021 to 2022.
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