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Magnific Wealthsimple launched the first prediction market in Canada in July. At least one critic says such online platforms should be regulated in Canada as gambling rather than investments.

Prospective prophets profit

Joel Schlesinger 7 minute read Saturday, Aug. 8, 2026

Investing generally involves a prophetic take on the future.

After all, investors are wagering that asset prices’ values will increase over time.

Yet prediction markets kick prognostication up several notches. These online platforms move beyond just financial assets to an assortment of world events: elections, sporting events and whether the latest blockbuster will break box office records.

At least, that is what the world’s largest prediction market platforms — Polymarket and Kalshi, both based in the United States — offer.

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Workers pick wine grapes during the harvest in Corte Franca, northern Italy, Thursday, Aug. 6, 2026. (AP Photo/Antonio Calanni)

Extreme heat is reshaping Italy’s sparkling wine industry with early harvests and nighttime picking

Colleen Barry, The Associated Press 5 minute read Preview

Extreme heat is reshaping Italy’s sparkling wine industry with early harvests and nighttime picking

Colleen Barry, The Associated Press 5 minute read Yesterday at 11:30 PM CDT

CORTE FRANCA, Italy (AP) — Workers fan out before dawn to clip clusters of grapes destined to be transformed into Italy’s prized Franciacorta sparkling wine a full 10 days earlier than anticipated, as scorching temperatures brought the fruit to maturation earlier than ever.

Climate change is narrowing the window for harvesting wine grapes, forcing winemakers to make quick decisions when even a few days can mean the difference between a good vintage and a bad one.

“These are delicate, frantic moments, and everything has to work perfectly,’’ said Berlucchi CEO Arturo Ziliani, whose father, Franco, in 1961 became the first winemaker in the hilly Franciacorta wine-producing region to begin making sparkling wines with the “classic” method famously employed by France’s Champagne makers.

“We did not expect such an early harvest or such an acceleration in ripening,” Ziliani said.

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Yesterday at 11:30 PM CDT

Business

AtLRG Architecture A rendering of the south facade of Harbourview Terrace, a 179-unit apartment building scheduled to be completed in June 2028.

$60M, six-storey Harbourview Terrace due to open in June 2028

Aaron Epp 5 minute read Preview

$60M, six-storey Harbourview Terrace due to open in June 2028

Aaron Epp 5 minute read Friday, Aug. 7, 2026

They donned high-vis vests and brandished shovels with gold-coloured blades Friday morning at the ceremonial groundbreaking for a multi-family residential development in northeast Winnipeg.

Concord Projects has started construction of Harbourview Terrace, the inaugural development by two-year-old real estate company Foxhill Properties. Located in North Kildonan at 1820 De Vries Ave., the $60-million, six-storey apartment building will contain 179 units.

Founder and president Frank Koch-Schulte, who runs the company with his wife Alisha, said Foxhill wants to develop and manage properties with integrity.

“This is kind of like my opportunity to try to do things our way, which I feel is a way that keeps tenants in mind,” Koch-Schulte said. “We live in this neighbourhood. We’re very much invested in seeing quality housing go here.”

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Friday, Aug. 7, 2026

Business

President Donald Trump walks to board Air Force One at Morristown Airport, Sunday, Aug. 9, 2026, in Morristown, N.J. (AP Photo/Julia Demaree Nikhinson)

Trump pivots back to sanctions for Iran as other strategies to end his war fizzle

Josh Boak And Fatima Hussein, The Associated Press 8 minute read Preview

Trump pivots back to sanctions for Iran as other strategies to end his war fizzle

Josh Boak And Fatima Hussein, The Associated Press 8 minute read Yesterday at 11:02 PM CDT

WASHINGTON (AP) — President Donald Trump likes to say that he started his war with Iran after 50 years of economic pressure had failed to stop its nuclear weapons ambitions — but he’s now betting that another financial squeeze can bring an end to that war.

The Trump administration is hoping that months of bombing have pushed Iran’s economy to a breaking point that will force its leadership to cave to demands to end its nuclear program and fully reopen the Strait of Hormuz to oil and natural gas tankers.

The president on Monday said that since Iran is seeking compensation as part of any peace talks, he now intends to demand the same for the U.S. side. It's part of a larger pivot this weekend by Trump to argue that Iran is now on the cusp of financially collapsing, even though it has already endured decades of financial sanctions, which are often a longer-term strategy rather than an immediate tool of warfare that can halt a conflict.

The shift comes as U.S. stockpiles of key weapons have dwindled and as stop-start talks seem again to have stalled. But Trump insists the pressure can lead to a breakthrough.

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Yesterday at 11:02 PM CDT

Business

A Cargojet plane sits on the tarmac at the John C. Munro Hamilton International Airport in Hamilton on Friday, Feb. 23, 2024. THE CANADIAN PRESS/Nick Iwanyshyn

Cargojet reports $7-million Q2 profit, up from a $3.2-million loss last year

The Canadian Press 2 minute read Preview

Cargojet reports $7-million Q2 profit, up from a $3.2-million loss last year

The Canadian Press 2 minute read Yesterday at 6:07 PM CDT

TORONTO - Cargojet Inc. reported net earnings of $7 million during the second quarter, compared with a loss of $3.2 million during the same period last year. 

That amounted to diluted earnings per share of 47 cents during the quarter, compared with a loss of 21 cents during last year's second quarter. 

Cargojet says its total revenue reached $275.8 million during the quarter, rising year-over-year from $238.2 million. 

The company says its board of directors declared a cash dividend of 38.5 cents per common share.   

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Yesterday at 6:07 PM CDT

Business

A customer makes a purchase at a Canada Post office in Toronto on Thursday, December 28, 2017. THE CANADIAN PRESS/Christopher Katsarov

RBC, BMO agree to sell payment processing company Moneris for about $2 billion

The Canadian Press 3 minute read Preview

RBC, BMO agree to sell payment processing company Moneris for about $2 billion

The Canadian Press 3 minute read Yesterday at 5:51 PM CDT

TORONTO - Royal Bank of Canada and BMO Financial Group have agreed to jointly sell Moneris Solutions Corp.   

Payment processing company Moneris says it will be acquired by Francisco Partners for a cash consideration of about $2 billion, with BMO and RBC each receiving a 50 per cent share.       

Following the closing of the transaction, RBC and BMO will enter into a long-term customer referral arrangement with Moneris. 

The deal remains subject to closing conditions and regulatory approvals, and is expected to close by the end of the first quarter of the 2027 fiscal year.   

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Yesterday at 5:51 PM CDT

Science & Technology

FILE - Meta CEO Mark Zuckerberg speaks during the company's Connect developer conference Wednesday, Sept. 17, 2025, in Menlo Park, Calif. (AP Photo/Nic Coury, File)

Zuckerberg manifesto sketches out Meta’s ambitions for world-changing AI technology

Kelvin Chan And Barbara Ortutay, The Associated Press 6 minute read Preview

Zuckerberg manifesto sketches out Meta’s ambitions for world-changing AI technology

Kelvin Chan And Barbara Ortutay, The Associated Press 6 minute read Yesterday at 5:48 PM CDT

Meta Platforms CEO Mark Zuckerberg laid out a vision Monday of what he said artificial intelligence can do for the world, imagining a future where everyone has their own, all-knowing AI agent that strives to improve all aspects of their lives.

Zuckerberg detailed his ambitions for the technology in a 6,500-word essay published online where he also outlined why he favors open-source AI technology, in which developers make key components accessible for anyone to examine, modify and build upon.

In a document derided by critics as fantastical, Zuckerberg said his company is working toward an era where everyone will have the tools to create new businesses, receive Ph.D.-level tutoring and provide personalized lifestyle tips. His 8-year-old daughter, he wrote, can already code her ideas and quickly produce videos.

“Everyone will soon have invention superpowers,” Zuckerberg wrote.

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Yesterday at 5:48 PM CDT

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Business

President Donald Trump departs after speaking at a roundtable on American mining, Friday, Aug. 7, 2026, at the State Department in Washington. (AP Photo/Allison Robbert)

Trump extends Jones Act waiver 90 days for foreign ships moving energy, fertilizers

The Associated Press 3 minute read Preview

Trump extends Jones Act waiver 90 days for foreign ships moving energy, fertilizers

The Associated Press 3 minute read Yesterday at 1:35 PM CDT

WASHINGTON (AP) — President Donald Trump on Monday extended a waiver for 90 days for foreign ships to transport goods, including oil, fertilizers and other fossil fuel products, among U.S. ports.

The president first waived the Jones Act on March 17 so that it would be easier to transport oil and refined fuels among ports, reducing price pressures after the start of the war with Iran.

The latest extension will take effect on August 17 and suggests that the U.S. might be preparing for continued price pressures as the Strait of Hormuz, a primary waterway for shipping oil and natural gas, remains effectively closed because of the war.

Unlike previous extensions, the Pentagon will consult with the Maritime Administration to decide which voyages are exempt from the 1920 law containing the Jones Act. The new waiver will only apply to cargo that are sources of energy and commodities related to agriculture such as fertilizers and soybean oil.

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Yesterday at 1:35 PM CDT

Business

NASA's ER-2 Earth Resources aircraft is shown in this undated handout photo. THE CANADIAN PRESS/Handout — NASA (Mandatory Credit)

NASA aircraft flies high over B.C. wildfires to study pyrocumulonimbus clouds

The Canadian Press 3 minute read Preview

NASA aircraft flies high over B.C. wildfires to study pyrocumulonimbus clouds

The Canadian Press 3 minute read Yesterday at 1:03 PM CDT

CLINTON, BRITISH COLUMBIA, CANADA - A high-altitude research aircraft from NASA flew over British Columbia's wildfires over the weekend in a bid to better understand weather events generated by large blazes.

Online aviation tracking shows the ER-2 plane flew back and forth over B.C.'s southern Interior more than a dozen times on Saturday on a flight of more than six hours that took off from Great Falls, Mont.

Data from the Flightradar24 website shows the plane spent about four hours at an altitude of 60,000 feet over the Clinton area, where the massive Pear Lake wildfire has been burning, 

It also swung east over Lake Revelstoke before returning to U.S. airspace.

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Yesterday at 1:03 PM CDT

Business

Transportation Safety Board investigators and airport firefighters work at the crash site of Air Canada AC624 at Stanfield International Airport in Halifax on Monday, March 30, 2015. THE CANADIAN PRESS/Andrew Vaughan

N.S. court approves $18M class-action settlement in 2015 Air Canada crash landing

Devin Stevens, The Canadian Press 6 minute read Preview

N.S. court approves $18M class-action settlement in 2015 Air Canada crash landing

Devin Stevens, The Canadian Press 6 minute read Updated: Yesterday at 2:36 PM CDT

HALIFAX - The Supreme Court of Nova Scotia has approved a settlement in the class-action lawsuit involving a crash landing of an Air Canada flight in Halifax more than a decade ago.

Twenty-five of 133 passengers on board Air Canada Flight 624 from Toronto were injured when the airplane struck power lines during a snowstorm at Halifax Stanfield International Airport in March 2015, causing the plane to land about 200 metres short of the runway.

Under the terms of the settlement, Air Canada, Nav Canada, and the Halifax International Airport Authority are to pay a total of $18,075,000 to settle the class action, which includes legal fees and expenses.

Air Canada will pay the bulk of the settlement — more than $15 million, according to case documents. Nav Canada, the country’s air navigation service provider, will pay $2 million while the Halifax International Airport Authority’s share is $1 million. The settlement agreement does not include any admission or finding of liability by the defendants. 

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Updated: Yesterday at 2:36 PM CDT

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