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.

The future of Eddie Bauer’s Canadian stores is hinging on whether the company can find a buyer, the Canadian Press reported. The apparel retailer announced on Monday that it is looking to sell the 220 stores it has across Canada and the U.S. after filing for bankruptcy protection south of the border. It said a similar filing was impending in Canada, where its website listed 31 stores, predominantly in Ontario. Eddie Bauer LLC said locations on both sides of the border will remain open, but host liquidation sales as the court processes get underway and the company seeks a potential buyer.

President Donald Trump said he is “decertifying” all aircraft built in Canada, and he threatened to impose 50 percent tariffs on Canadian aircraft sold to the United States — an escalation of trade tensions between the neighboring countries that could have ramifications for U.S. air travel, the Washington Post reported. In a Truth Social post late Thursday, Trump accused Canada of “wrongfully, illegally, and steadfastly” refusing to certify models of Gulfstream jets and “effectively prohibiting” the sale of the American-owned business jets in Canada.