Canada's inflation rate jumped to 3.7 per cent in July, as the cost of shelter and durable goods went up at a fast enough pace to push the cost of living up to its highest level since 2011, CBC reported. Statistics Canada reported Wednesday that the homeowners' replacement cost index, which is related to the price of new homes, went up at an annual pace of 13.7 per cent in July. That's the fastest uptick on record dating back to 1987.

Laurentian University has issued a request for proposals from firms to undertake a review of its governance and operations as it continues through its insolvency restructuring, Sudbury.com reported. The university has set an Aug. 31 deadline for companies bidding on any one of, or a combination of the following: a governance review of Laurentian’s senate; a governance review of Laurentian’s board of governors; and an operational review. Companies interested in the contract have been asked to make submissions through MERX (reference No. 0000205175) and Bonfire.

Prime Minister Justin Trudeau’s government said that it will make Covid-19 vaccines mandatory for airline and rail passengers, transportation workers and federal employees, in one of its final announcements before the start of a Canadian election campaign, Bloomberg News reported. Government officials said on Friday that the plan is to require government staff to be inoculated by early fall. Workers and passengers on airlines, railways and cruise ships will also need proof of vaccination by the end of October. “We need to regain public confidence in travel.

Over six months after Laurentian entered insolvency proceedings, the Sudbury, Ont., university has published a draft framework for claims to be submitted by faculty, staff and employees affected by restructuring — but one of the parties says the details aren't finalized and negotiations are ongoing, CBC reported. All parties are due before a judge next on Tuesday for a discussion on the compensation methodology.

Canadian Prime Minister Justin Trudeau is planning a snap election for Sept. 20 to seek voter approval for the government's costly plans to combat COVID-19, Retuers reported. Trudeau is set to make the announcement on Sunday, according to sources. Trudeau aides have said for months that the ruling Liberals would push for a vote before end-2021, two years ahead of schedule. Trudeau only has a minority government and relies on other parties to push through legislation. In recent months he has complained about what he calls opposition obstruction.

Canadian Pacific Railway Ltd. made a new, higher bid for Kansas City Southern, looking to derail the U.S. railroad’s pending merger with rival Canadian National Railway Co. ahead of an important shareholder vote less than two weeks away, Bloomberg News reported. The offer is $300 a share, Canadian Pacific said in a statement Tuesday, or about $27 billion in equity value. While that’s higher than its original $25 billion bid from March, the new price doesn’t match the $30 billion deal that Kansas City Southern’s board accepted from Canadian National in May.

Talks under a mediator’s watch continued late Thursday between Canada and the union representing its border agents to head off a labor action starting Friday that threatens the flow of U.S.-Canada trade and a plan to allow American tourists to visit for the first time in 16 months, the Wall Street Journal reported. The two sides agreed to work with a mediator ahead of a 6 a.m. Eastern time Friday deadline set by the union, the Public Service Alliance of Canada.

A Calgary-based law firm, on behalf of all Canadian cities and municipalities, has filed an objection to Purdue Pharma L.P.'s multibillion-dollar bankruptcy proposal that would compensate U.S. cities, counties, states and Native American tribes for damages related to the opioid crisis while leaving out Canadian jurisdictions. The case will be heard in the U.S. Bankruptcy Court for the Southern District of New York on August 9.

Canada’s economy sprang back to life at the end of the second quarter, as vaccine-led reopenings spurred a return to growth, Bloomberg News reported. Canada’s economy sprang back to life at the end of the second quarter, as vaccine-led reopenings spurred a return to growth. Last month, broad-based reopenings across the country allowed businesses to resume operations after months of shutdowns. As a result, high-contact sectors returned to growth, along with manufacturing, according to Statistics Canada. Canada’s currency was little changed, trading at C$1.2432 per U.S. dollar at 9:21 a.m.