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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Canada and the U.S. will launch formal discussions to review their free trade agreement in mid-January, the office of Canadian Prime Minister Mark Carney said, the Associated Press reported. The prime minister confirmed to provincial leaders that Dominic LeBlanc, the country’s point person for U.S-Canada trade relations, “will meet with U.S. counterparts in mid-January to launch formal discussions," Carney’s office said in a statement late Thursday. The United States-Mexico-Canada trade pact, or USMCA, is up for review in 2026. U.S.
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