True Inflation Canada
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The latest Canadian economic briefing from True Inflation Canada.
Manitoba puts up to $4 million into Southwood Circle geothermal
September 10, 2026
Kinew backs a district loop for Southwood Circle near U of M Fort Garry — first large-scale residential geothermal network in the province.
Empire’s Q1 net earnings jump 9.9% to $233 million
September 10, 2026
Sobeys parent posts record first-quarter EPS of $1.04 as fuel sales jump 18.4% and food banners hold in an affordability squeeze.
Ontario expands tariff support as U.S. bans and duties hit
September 10, 2026
Ford widens Protect Ontario Financing and the Together Trade Fund to industries facing new U.S. import bans and 50% duties.
Canadian cleantech VC falls while global investing rises
September 10, 2026
Queen’s Institute for Sustainable Finance: Canadian cleantech VC hit $590 million last year, down 43% from 2024 as global investing rose 8%.
Meta pitches $13B Alberta data centre as Canada’s largest
September 10, 2026
Meta’s Matt Sexton and Invest Alberta’s Keith Bradley sell a $13 billion Sturgeon County campus — Canada’s largest data centre — as power-cost risks linger.
CIB closes $20-million loan for Hope Bay wind in Nunavut
September 9, 2026
Kitikmeot–Tugliq gets federal infrastructure capital for a 4.2 MW turbine and battery serving Agnico Eagle’s northern mine.
Greer blames Canada for Washington’s trade-war escalation
September 9, 2026
USTR calls Ottawa’s counter-tariffs “senseless retaliation” as Trump bars Canadian motorcycles, dairy and alcohol and strips GSA schedules.
Canada unveils National AI Literacy Initiative with Amii
September 9, 2026
Solomon announces a $13-million Amii-led program in Edmonton, with free courses starting Sept. 21 for students and educators.
Canadian asking rents slide, but Halifax hits $2,400
September 9, 2026
StatCan Q2: national two-bedroom asking rents down 3.6% to $2,130 as Halifax joins the top four most expensive CMAs.
Houston Says Importing U.S. Energy Is Not a Strategy
September 8, 2026
Virtually all Nova Scotia gas arrives via the U.S. Offshore wind alone could hit ~60 GW. Premier pushes common ground.
Carney Says the Pivot From the U.S. Comes at a Cost
September 8, 2026
Counter-tariffs of 15–50% hit $27.6 billion in U.S. goods. “It doesn’t come close to the cost of standing still.”
Sapporo Moves U.S. Beer Production Out of Canada
September 8, 2026
Non-alcoholic beer for the U.S. leaves Canada by H1 2027. 50% tariffs. “Local production.”
Canada’s AI minister to launch National AI Literacy Initiative in Edmonton
September 8, 2026
Evan Solomon will announce the program Wednesday morning under AI for All, the skills pillar of the national AI strategy.
US locks $200 million into Canadian-founded quantum firms
September 8, 2026
Commerce puts about $100 million US into each under CHIPS as Ottawa’s quantum budget trails US capital pull.
Canada’s Trade Surplus Narrows to $769 Million
September 3, 2026
First export drop in six months. Gold and crude led the slide. Auto imports hit a record.
Carney Puts $4.7 Billion Into VIA Cars Built in Canada
September 3, 2026
First domestic passenger cars in 40 years. Thunder Bay and La Pocatière get the work. Fleet renewal tops $6.6 billion.
Canada's Real-Time Rail Could Save Up to $14.5 Billion
September 2, 2026
Instant payments launch this quarter. Ten-year savings: $5.3 billion to $14.5 billion. Cheques and cash do most of the dying.
Cantaloupe Up 63%. Ground Beef Still $16.49 a Kilo.
September 2, 2026
July scanner prices. Strip loin $38.36 a kilogram. Stickers, not CPI.
Bombardier Buys Mitsubishi's Mississauga Aerospace Plant
September 2, 2026
750 workers in-house. 270,000 square feet next to Pearson. Price undisclosed.
Zoho Says Cheap AI Pilots Get Expensive at Scale
September 2, 2026
If pricing "depends," expect the bill to move. Toronto and Montreal data centres. Nathu La: 12 to 18 percent less power.
Ontario Puts $3.9 Million Into Women in the Trades
September 2, 2026
Four projects. More than 310 women. Waterloo crisis service gets more than half.
Couche-Tard Says Inflation and Fuel Are Curbing the Basket
September 2, 2026
Canada same-store fuel volumes still rose 1.1%. Snacks and sweets softer. Q1 fuel sales US$16.7 billion.
Alberta Puts $51 Million of Carbon-Price Cash Into 16 Projects
September 1, 2026
TIER money for drones, lithium cement, a hydrogen hub, and a Peace River carbon-capture build. 117,700 tonnes by 2030 if they work.
Peak Buyers Are Defaulting. Renters Are Going Insolvent.
September 1, 2026
Household debt hit $2.64 trillion. Arrears are rising on the biggest mortgages. Insolvencies are being driven by people without a house.
RBC Says Canada’s Immigration System Needs a Reset
September 1, 2026
Three million newcomers in three years, then a population drop. Per-capita GDP fell two years running. Express Entry is letting lower scorers jump the line.
Invest in Canada CEO Resigns Two Weeks Before Carney’s Investment Summit
September 1, 2026
Laurel Broten is out effective Sept. 1. Dominic Barton takes the chair and Gurinder Grewal the CEO as Ottawa tries to land $500 billion in private capital.
Canadian Firms Are Optimistic. Most Still Expect No Sales Growth.
September 1, 2026
StatCan’s Q3 survey: 72.6% are upbeat over 12 months. Only 14.5% expect sales to rise in the next three.
Helcim Raises C$53 Million as Canada’s Payments Stack Changes Hands
August 21, 2026
The Calgary processor is raising into a vacuum created by bank-owned merchant acquirers selling to U.S. private equity.
Dominion Dynamics Closes C$139 Million, Canada’s Largest Defence-Tech Series A
June 30, 2026
Six months after seed, the Ottawa Arctic-defence startup has more capital than most Canadian companies raise in a lifetime.
Stathera Raises US$55 Million to Build Chip Clocks in Montreal
June 30, 2026
The semiconductor timing startup is using a Series B to mass-produce the clocks that keep AI data centres in sync.
Waabi Raises US$750 Million Series C and Partners With Uber on Robotaxis
January 28, 2026
Toronto’s autonomous-truck company just booked what it calls the largest fundraise in Canadian tech history, then added a robotaxi mandate.
Jetson Raises US$50 Million to Sell Heat Pumps Into North American Homes
January 20, 2026
The Vancouver electrification startup is raising to turn a climate product into a household bill.
Clio Closes US$500 Million Series G as It Completes US$1 Billion vLex Deal
November 10, 2025
Burnaby’s legal-software company is now a US$5 billion private business built on practice management plus a global case-law library.
Wealthsimple Raises Up to C$750 Million at a C$10 Billion Valuation
October 27, 2025
Dragoneer and GIC are paying up for a profitable Canadian consumer-finance company that just crossed C$100 billion in assets.