Canada’s tech industry is warning that the country continues to lose its best and brightest entrepreneurs to the U.S., an issue that has taken on new urgency as tariff threats have prompted Ottawa to try to diversify away from the U.S. economy.

This week, various tech entrepreneurs, politicians and economists began to weigh in on data that show just how big the problem has become. According to recent figures, there are at least 517 U.S.-based tech firms with Canadian founders — or, entrepreneurs who were educated in Canada but later left for the U.S. — that have together raised more than US$400 billion.

“The numbers make it clear that Canada’s founders and entrepreneurs are leaving in droves — and they are taking the future value they will generate with them,” said Lucy Hargreaves, co-founder of the business advocacy group Build Canada, who issued a call to action in the form of a LinkedIn essay that triggered an online conversation about the trend.

In audio from the fundraiser in Southampton, N.Y., which was provided to The Canadian Press by a source who attended the private function, Vance said Carney is a “very sweet guy” and he gets along with him quite well.

But, Vance said, Carney “comes in and puffs his chest out and says, ‘I’m going to, like, out-tough Donald Trump.’”

“It’s hilarious because Carney presents this as some victory for Canada when fundamentally, like, they climb down on a lot of issues,” Vance told the room.

“And the whole point of this is to change Canada’s behaviour,” Vance said. “Which they, you know, not entirely, but they’ve certainly shifted in a Trumpian direction.”

Less than two hours before 50 per cent tariffs were scheduled to hit a range of Canadian goods, U.S. President Donald Trump announced he is pausing the levies for three days, based on a pending trade deal. And the development comes as Canadians weigh in on what should happen next.

A new Leger poll found that nearly half of Canadians surveyed (47 per cent) believe a federal election should be called if a new Canada-U.S. trade agreement is reached, so voters can express their opinion on the deal. This compares to 35 per cent who do not think a federal election should be called in the event of a new deal, while 18 per cent were unsure.

Perhaps unsurprisingly, support for an election is strongest among Conservative voters, at 67 per cent, compared with 34 per cent among Liberal voters. Elsewhere, 51 per cent of Bloc Québécois voters and 45 per cent of NDP voters support calling an election.

Britain’s scorching heatwaves are being driven by cleaner skies after pollution was stripped from the atmosphere, new research suggests.

Temperatures in Europe have warmed twice as much as the rest of the world since the 1980s, figures show, with the continent now 2.3C warmer than it was in the pre-industrial era. In the same period, the global average is 1.3C.

The steep temperature rise in western Europe has outstripped expectations and has left experts puzzled as to its cause and concerned about the increase in deadly heatwaves.

Now Spanish researchers and the Met Office have concluded that most of the extra heat experienced in Britain and Europe is linked to the fall in particle emissions in recent decades.

Canada and the U.S. remain far apart as negotiations toward a tariff deal continue ahead of U.S. President Donald Trump's latest deadline, according to sources.

The sources said the federal government does not believe a tariff deal is imminent because there are still major disagreements between the two sides, and they remain far apart on some issues that need to be resolved.

Canada-U.S. Trade Minister Dominic LeBlanc briefed his provincial and territorial counterparts on the state of the negotiations on Friday. He held a separate briefing with members of the prime minister’s advisory committee on Canada-U.S. economic relations. The sources are familiar with the briefings but were not authorized to speak publicly.

Canada and the U.S. have ramped up trade talks after Trump threatened to slap a hefty 50 per cent tariff on hundreds of Canadian goods starting Aug. 19.

One source with knowledge of the talks said optimism on the Canadian side is eroding and the Americans are not budging from their latest offer. That offer includes a willingness to halve the sectoral tariffs on autos to 12.5 per cent, an offer that the Canadian side believes is not good enough, the source said.

Last month, KPMG Canada released the results of a survey of 275 Canadian manufacturers conducted in May, which found that 42 per cent of them have considered, or are currently considering, moving production south of the border. Eleven per cent said they’re thinking of moving their head offices to the United States.

A few weeks later, the Financial Post reported that Vancouver-based Interfor Corp., one of the world’s largest lumber producers, plans to “shift its corporate and functional support operations” from British Columbia to Georgia, largely due to Trump’s crippling 45 per cent tariffs on softwood lumber.

The National Post newsletter that doesn’t hold back, giving readers the unvarnished truth on media, politics and culture.

If these weren’t reasons enough to put Canada in the crosshairs, Prime Minister Mark Carney has shown little willingness to stand up to the bully next door. A year ago, he unilaterally removed most of the counter-tariffs imposed on American goods by his predecessor, only maintaining duties on steel, aluminum and automobiles to protect Canadian industry from similar U.S. tariffs.

It’s now apparent that this was a tactical mistake: Carney’s gesture of goodwill lost Canada a strategic bargaining chip, while failing to buy trade peace.

While called a sovereign wealth fund, the Canada Strong Fund will use debt, rather than surplus revenues or resource wealth, to finance its activities.

Coincidentally, Carney was formerly part of a “Green Finance” task force that advised Britain’s Labour government on its National Wealth Fund, a public finance institution created in 2024.

The fund absorbed the former UK Infrastructure Bank, created in 2021, and was given £7.3 billion (C$13.7 billion) to invest in wealth-generating projects. This includes investments in high-risk industries like green hydrogen, carbon capture and battery gigafactories.

Officials said at the time that the fund would attract three pounds of private money for every one pound from the public purse.

The study reports that the National Wealth Fund’s losses have nearly doubled since the 2024 rebranding, reaching £152.2 million (C$288 million) last year. It has delivered a cumulative return of minus 24.9 per cent in two years of operation. It has also fallen short of the three-to-one private-to-public funding ratio it promised Britons.

Notably, the fund led a massive bailout of rural broadband provider Gigaclear earlier this year, costing taxpayers nearly £100 million (C$188 million).

In about a month, investors will descend on Toronto to hear the prime minister make the case for Canada in an inaugural Canada Investment Summit—a worthy effort given the country’s extraordinary need for investment. However, one claim will be hard to make: that Canada has meaningfully reduced the red tape that’s kept a lid on growth.

The government has made some headway on speeding up approvals for big, capital-intensive projects. But it’s done little to reduce the red tape that bogs down the broader regulatory system that dampens investor interest.

The Red Tape Review was intended to fix this. But a year after its launch, the federal government has little to show for it. Even with a polished sales pitch, three shortcomings of the government’s efforts will be hard to overlook.

At the risk of sounding churlish, the federal government’s new $34-million investment in climate change adaptation programs feels more like an insult than a gift.

Not that the money isn’t needed. I’m sure Halifax is thrilled to receive $800,000 to install cooling measures in parks during stretches of extreme heat. Ditto for the $1-million cheques going to flood mitigation measures in Quebec’s Kanesatake Lands and Fort Qu’Appelle, Sask.

These sprinklings of cash will no doubt be welcome, but they seem a laughable pittance when you consider the government’s top priority: fast-tracking construction of another pipeline from the Alberta oilsands to the BC coast. For all of Prime Minister Mark Carney’s talk of “decarbonized oil,” make no mistake, if additional oil is extracted from the oilsands, it will add to the world’s carbon pollution load when it is burned. And that same pollution is causing record-hot temperatures and catastrophic fires here at home and worldwide.

One of the most contentious discussions in these trade talks has been dairy quotas. In Canada, dairy is one of the most protected corners of Canadian trade policy. Reuters reports that talks continue between the two sides, but no details or agreements have been made, as yet.

For Canadian consumers, it's clear: Until Ottawa or the dairy sector says otherwise, there is no reliable basis for predicting whether milk, cheese or cream prices would move, in either direction.

A new law that aims to prevent foreign interference in federal elections passed June 18, creating new restrictions on voter data usage, fundraising and leadership races.

Experts say Bill C-25 touches on many important issues in Canadian elections, but also does not do enough to address foreign interference concerns.

“In almost every respect, the bill could have gone farther,” said Lori Turnbull, a professor of political science at Dalhousie University who specializes in electoral systems.

“It ended up being … low-hanging fruit … these were things that a lot of the parties could agree to.”

Ever wonder how billionaires keep getting bailed out?

How the politically well-connected always seem to get their way?

And those closest to the Liberal Party magically receive taxpayer money whenever they need it most...

Even after building 2,000 condos that just won't sell.

As U.S. President Donald Trump’s Aug. 19 deadline approaches, Prime Minister Mark Carney is making concessions to keep looming tariffs at bay. This could prove to be a defining moment in deciding the fate of the United States-Mexico-Canada Agreement, for the choices are stark: appeasement or defiance, with little room to maneuver in-between.

The Globe and Mail has reported that a deal may be in the making in which the U.S. lowers – but does not remove – duties on steel and aluminum and perhaps autos and forest products. In exchange, Canada would remove retaliatory tariffs on autos and take action on other U.S. irritants such as alcohol and dairy.

The devil is in the details, and the haggling over tariff rates and quotas, but there can be little doubt that Canada is going to have to concede a lot before the President and his tariff-hungry team are mollified.

Residents of a small town outside Calgary are shocked to learn that Canada's most prominent white supremacist group held its second annual national meeting — where masked group members participated in military-style drills — at a volunteer-run community centre in early July.

"My first reaction is: that scares me," Lou Kuiack, a Millarville-area resident, told a CBC Calgary reporter. "I didn’t think that would come to our small little town, in our backyard."

Using visual clues in videos posted by the group, Second Sons Canada, CBC’s visual investigations team identified the location of the gathering roughly 70 kilometres southwest of Calgary, near the hamlet of Millarville, Alta.

Second Sons Canada was formed in 2024 and has chapters across the country.

Mark Carney’s teleprompter quit during a housing announcement in Toronto on Wednesday, and the prime minister used the pause to take a shot at Donald Trump.

“I would like to inform you that the teleprompter has ceased to function,” Carney said. “Unlike a certain world leader, I do not view this as a conspiracy.” The crowd laughed.

Carney did not name Trump, however, last September, the U.S. president’s teleprompter failed during his address to the United Nations General Assembly, and he said afterward that he had been sabotaged.

Though negotiators had expressed concern that Trump was running low on final warnings, the White House has assured that there were more in reserve. "We are prepared to open our strategic reserve of final warnings," said one official. "No one wants to get down to a third-to-last warning, which includes a strongly-worded letter. But President Trump isn't afraid to unleash it."

At publishing time, Trump had announced that Iran had agreed to fresh negotiations and so was now back to its fourth-and-a-half-to-last chance.

Internal government polling found Canadians want grocery prices lowered—not another rebate—as food experts say Ottawa’s cash handout won’t solve the affordability crisis.

Prime Minister Mark Carney’s signature grocery rebate is falling flat with Canadians, as internal Privy Council Office polling found most believe the cash handout won’t solve the country’s affordability crisis and want Ottawa to bring grocery prices down instead.

When does hate become terrorism? Answer: when it is orchestrated, repeatedly, to sow fear, cause chaos, and undermine society. One hateful act can be the work of a vengeful madman; a series of hateful acts, against the same community, conducted in a similar manner, constitute terrorism.

That is what Jews in Canada face today. Since October 7, 2023, B’nai Brith Canada has documented nearly 5,800 total incidents in 2023 and a record 6,800 incidents throughout 2025. By today’s stats, that’s one hate crime for every 487 Jewish residents. Jews are 22 times more likely to be the victim of a hate crime than non-Jewish Canadians

Even more households are falling behind on their supersized mortgage payments. Canadian Bankers Association (CBA) data shows the mortgage arrears rate climbed in May. Mortgages at least 90 days past due have more than doubled since 2022, pushing the rate just shy of a decade high. New mortgage originations are also failing to offset outflows, already wiping out most of 2020’s low-rate growth.

The mortgage arrears count rose 2.3% to 14,061 in May, up 27.2% from last year and the most since 2014. However, annual growth is the detail worth paying attention to, as only one month in the past decades has been bigger (August 2024).

This growth rate was last consistently seen between 2008 and 2010, and is rare outside of a recession.