The Ontario government has formally thrown its support behind Toronto’s bid to become the headquarters of the newly established Defence, Security and Resilience Bank (DSRB), positioning the city as Canada’s preferred home for a multilateral financial institution aimed at strengthening defence and security capacity among allied nations. The announcement, made Tuesday in Toronto, brought together representatives from the provincial government, the City of Toronto, federal MPs and a broad coalition of supporters from the financial services, technology, defence, manufacturing and academic sectors. Backers argue that Toronto’s scale as a global financial hub, combined with its deep talent pool and international…
Author: Sam Allcock
Sam Allcock
Sam Allcock is a business correspondent for Wire Service Canada, reporting on corporate developments, market trends, and economic news with clarity and accuracy. With over a decade of experience in journalism, he has covered stories ranging from financial results and trade agreements to emerging innovations, offering readers both local insight and global context. Known for his balanced and engaging reporting style, Sam is committed to delivering reliable, relevant, and timely business news that helps audiences make informed decisions.
The Ontario government is advancing plans to build a new roundabout at the intersection of Highway 62 and County Road 1 in Prince Edward County, a project aimed at improving road safety while supporting job creation and economic stability during a period of global uncertainty. Announced by the Ministry of Transportation, the initiative forms part of the province’s broader $30-billion investment in highway infrastructure. Provincial officials say the new intersection will address long-standing safety concerns at a busy regional junction, while also contributing to economic resilience amid pressures such as U.S. tariffs and shifting global markets. “Our government is investing…
Lehner Electric Ltd. has committed $75,000 to support the Lake Country Co-op Leisure Centre (LCCLC), securing naming rights recognition within the City of Prince Albert’s largest recreational facility and reinforcing the company’s long-standing ties to the local community. The sponsorship, announced by the City of Prince Albert, will see the Lehner Electric name prominently displayed beneath the scorekeepers’ boxes in both Arena 1 and Arena 2 at the LCCLC. City officials say the recognition reflects not only the financial contribution, but also the company’s sustained involvement in Prince Albert’s growth and development. Lehner Electric has operated as a locally based…
The City of Prince Albert is advising residents and local businesses to plan ahead as municipal facilities shift to adjusted operating hours during the upcoming holiday season, including early closures at City Hall on Christmas Eve and New Year’s Eve. In a public notice, the City outlined changes designed to accommodate holiday staffing schedules while maintaining essential services for the community. City Hall will close earlier than normal on two dates in late December, affecting in-person services and phone inquiries for some departments. “Holiday Hours for City Facilities” are in effect as City Hall closes early on Tuesday, December 24,…
Ontario’s government is moving to accelerate major job-creating projects with a new regulation that will govern how Special Economic Zones (SEZs) are designated across the province, a step it says is critical to strengthening economic resilience amid global trade uncertainty. The regulation, which comes into force Jan. 1, 2026, establishes criteria for designating Special Economic Zones, trusted proponents and priority projects under the Special Economic Zones Act, 2025. The framework is designed to shorten approval timelines for projects deemed strategically important to Ontario’s economic security, while maintaining environmental safeguards and the Crown’s duty to consult Indigenous communities . The Ministry…
Sportway Media Group is entering the North American market through a strategic partnership with The Hockey News, bringing its artificial intelligence–driven hockey production technology to Canada and the United States and launching a new digital broadcast platform, TheHockeyNews.TV. Announced Tuesday, the agreement pairs Stockholm-based Sportway with one of the most recognized brands in global hockey media. The new North American operation will be headquartered in Brantford, Ont., placing Sportway in the center of one of the world’s most hockey-intensive regions and signaling a significant step in the company’s international growth strategy. “North America is a massive opportunity, and partnering with…
Global coal demand is nearing a turning point, with growth expected to stall and edge lower by the end of the decade as renewables, natural gas and nuclear power gain ground, according to a new report from the International Energy Agency (IEA). The IEA’s latest annual market assessment, Coal 2025, released Wednesday, forecasts that worldwide coal demand will rise modestly in the near term before flattening and slipping slightly by 2030. The report provides outlooks for demand, supply and trade through the end of the decade, alongside analysis of investment trends, costs and pricing. In 2025, global coal demand is…
The Village of Sayward and the Strathcona Regional District (SRD) are seeking additional provincial assistance to address ongoing water quality challenges stemming from a landslide in the Newcastle Creek watershed, underscoring the growing infrastructure and climate resilience pressures facing small communities across British Columbia. In an update issued Tuesday, local officials said they are working with the Ministry of Emergency Management and Climate Readiness (EMCR) to secure support for a comprehensive geotechnical assessment following the landslide that occurred on Oct. 23, 2025. The slide has continued to affect turbidity levels in water drawn from Newcastle Creek, a key source of…
The Alberta Court of Appeal has ruled that the mandatory Oath of Allegiance required for admission to the provincial bar is unconstitutional, a decision that civil liberties advocates say removes a long-standing barrier for prospective lawyers whose religious or cultural beliefs conflict with swearing loyalty to the Crown. In a decision released Tuesday in Wirring v Law Society of Alberta, the court found that the oath infringes section 2(a) of the Canadian Charter of Rights and Freedoms, which protects freedom of religion, and that the infringement could not be justified under section 1. The ruling declares the requirement invalid, clearing…
The Ontario government is committing up to $500,000 to support early planning for the redevelopment and renovation of Geraldton District Hospital, a move aimed at improving access to health-care services for residents of Greenstone and surrounding northern communities. The funding will allow the hospital to undertake planning work to modernize and reconfigure approximately 9,300 square feet on its first floor, enabling the expansion of programs and services to better meet local needs. The investment forms part of the province’s broader strategy to strengthen Ontario’s health-care system through nearly $60 billion in spending on more than 50 major hospital projects over…