Sturgeon County Mayor Alanna Hnatiw hopes an ongoing provincial viability review on the Town of Gibbons can prevent similar cases in the future, CBC.ca reported. At a county meeting Tuesday, councillors heard from members of a team representing the Ministry of Municipal Affairs, on what the viability review would look like. The review is meant to help residents and the government decide whether Gibbons should remain a town, or if it should dissolve into Sturgeon County. Gibbons is one of five municipalities that exist within the boundaries of Sturgeon County, north of Edmonton.

Canada will ​look at ways to increase its crude production to help global efforts to stabilize oil ‌prices in the face of the Iran war, Natural Resources Minister Tim Hodgson said on Wednesday, Reuters reported. The Canadian government is talking to the country's oil producers about delaying planned maintenance projects at oil sands facilities in order to temporarily increase output, Hodgson ​told reporters in Ottawa.

The European Union should only accept new U.S. ​tariffs that recreate the ‌substance of the deal agreed between the two sides in Scotland ​last year, the chair of ​the European Parliament's trade committee ⁠said on Thursday, Reuters reported. Bernd Lange ​said that Washington's launch of new 'Section 301' investigations ​into unfair trade practices had been expected, but they provided no clear ​commitment from the U.S. ​administration to uphold the terms of the ‌agreement ⁠struck at U.S. President Donald Trump's Turnberry golf course.

The Trump administration on Wednesday announced a new trade investigation into unfair trading practices by 16 of America’s largest trading partners, as it works to resurrect a system of tariffs recently struck down by the Supreme Court, the New York Times reported. The trade investigation will look into what the administration called “excess capacity” in the factory sectors of foreign countries, which it said had resulted in overproduction and large and persistent U.S. trade deficits with those nations.

Sonata Software Ltd has filed an involuntary bankruptcy petition in a US court against a retail client over unpaid dues of about $10.65 million, an amount equivalent to roughly 6.6% of the company’s incremental revenue last fiscal, LiveMint.com reported. The claim highlights the financial exposure from a client ramp-down in Sonata’s retail segment, which contributes about $100 million, or 8% of the company’s revenue, and comes as the firm is also grappling with a reduction in business from Microsoft Corp.

BrewDog had “no money left” by the time it was rescued in a cut-price deal, the company’s new US owner has said, The Telegraph reported. The British brewer would have been unable to pay employees if it had not been bought by Tilray Brands last week, according to Irwin Simon, the cannabis firm’s chief executive. He said that “a tonne of money” would need to be ploughed into BrewDog “just to get it started again”. He added: “Day one, there was no money left.

The Justice Department is investigating Iran’s use of Binance to evade U.S. sanctions, the Wall Street Journal reported. The probe follows the crypto exchange’s dismantling of an internal investigation into more than $1 billion that flowed through the platform to a network funding Iran-backed terror groups, according to company documents and people familiar with the matter. Officials have contacted people with knowledge of the Iranian transactions to seek interviews and gather evidence.

The Canadian auto industry has been rocked by President Donald Trump’s abandonment of subsidies for electric vehicles and embrace of tariffs, the Washington Post reported. Major automakers have abandoned planned vehicles and delayed the start of new ones, battering Jahn Engineering and scores of outfits like it in Canada’s automotive heartland. “This is definitely the worst I’ve seen it in 42 years,” said Louis Jahn, the company’s president. “We’re just trying to stay alive.” Trump’s hostility to his northern neighbor is not helping.

Laurentian University is freezing new admissions to four programs because they failed to meet requirements set in place by the Ontario Universities Council on Quality Assurance, the school announced on Friday, CBC.ca reported. The four programs are criminal justice, criminology, interdisciplinary studies, and equity, diversity and human rights. Laurentian initially created the four programs as majors between 2015 and 2017, Alain Simard, the university’s interim provost and vice-president of academics, told CBC News.

The Trump administration has reached a tentative deal to drop criminal charges against a Turkish bank over whether it had done business with Iranian entities, saying it deserved leniency because of Turkey’s help in negotiating the release of hostages from the Hamas attack in Israel in October 2023, the New York Times reported. The proposed settlement for the state-run bank, Halkbank, would bring an end to a case in which prosecutors had charged it with illicitly transferring about $20 billion worth of otherwise restricted Iranian funds.