Finance

Please review each article prior to use: grade-level applicability and curricular alignment might not be obvious from the headline alone.

Gas pains: soaring prices due to Mideast conflict could lead to energy turning point in Canada

Dan Lett 9 minute read Preview

Gas pains: soaring prices due to Mideast conflict could lead to energy turning point in Canada

Dan Lett 9 minute read Friday, Mar. 20, 2026

Veteran actor Billy Bob Thornton may seem like an unlikely source of wisdom about the world’s relentless dependence on oil. Then again, it would be hard to find a better, more poignant description of the global addiction than a diatribe he delivered in a recent episode of Landman, a melodrama set in the Texas oil industry.

Thornton’s character, Tommy Norris, a crisis manager for a large oil company, is walking through a wind turbine farm that generates electricity to power remote oil rigs. Norris notes that over a wind turbine’s 20-year lifespan, the “clean” energy it produces won’t offset the carbon emitted in the manufacturing of its components or its installation. The same economics, Norris says, can be applied to solar panels and batteries for electric vehicles.

Then, the punchline.

“Our whole lives depend on (oil). And hell, it’s in everything — that road we came in on, the wheels on every car ever made, including yours. It’s in tennis rackets and lipstick and refrigerators and antihistamines. Pretty much anything plastic: your cellphone case, artificial heart valves, any kind of clothing that’s not made with animal or plant fibers. Soap, f—king hand lotion, garbage bags, fishing boats. You name it, every f—king thing. And you know what the kicker is?

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Friday, Mar. 20, 2026

Shopping bill is a good pre-emptive strike

Editorial 4 minute read Preview

Shopping bill is a good pre-emptive strike

Editorial 4 minute read Friday, Mar. 20, 2026

On the face of it, it looks like a solution desperately hunting for a problem.

But that’s sometimes the way proactive legislation looks.

As first salvos go, Manitoba’s Bill 49 should probably be viewed not an effort not to deal with an imaginary problem, but one being put in place to ensure that the problem doesn’t arrive.

What the bill does is to add individual pricing to the province’s collection of improper business practices.

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Friday, Mar. 20, 2026

How the Iran war and surging oil prices are affecting consumers at the gas pump and beyond

Cathy Bussewitz, Mae Anderson And Chris Rugaber, The Associated Press 7 minute read Preview

How the Iran war and surging oil prices are affecting consumers at the gas pump and beyond

Cathy Bussewitz, Mae Anderson And Chris Rugaber, The Associated Press 7 minute read Wednesday, Mar. 11, 2026

NEW YORK (AP) — As the war in Iran ratchets up, the price of crude oil has been swinging sharply. Consumers are already feeling the effects of the war and its destabilizing effect on worldwide energy production.

Gasoline prices are climbing, and many people will find some of the most immediate economic pain at the pump.

But you don't have to drive a car to be affected. Nearly all goods — including food — that are bought and sold must travel from where they’re produced. Those costs will climb with higher gasoline, diesel and jet fuel prices.

And the spike in oil prices — surpassing $110 a barrel, then retreating — will likely be a big factor for U.S. inflation. As the war continues, some experts say the price of, well, everything could be affected.

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Wednesday, Mar. 11, 2026

Show her the money

Joel Schlesinger 6 minute read Preview

Show her the money

Joel Schlesinger 6 minute read Saturday, Mar. 7, 2026

Slogans and even legislation only go so far in a world in which cash rules everything around us.

That remains true today, especially for women on the eve of International Women’s Day, commemorating the long fight for equality, rights and liberation.

Society has made strides, including legislation ensuring women receive equal pay for equal work.

It must also be recognized — especially on the financial ledger — more work needs to be done. Financial inequality remains a glaring sore spot.

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Saturday, Mar. 7, 2026

Put fairness at centre of Manitoba budget

Molly McCracken 5 minute read Thursday, Feb. 26, 2026

The thousands of Manitobans struggling to pay their rent and put food on the table are looking for relief in Manitoba’s upcoming spring budget. The wealthy are benefiting from the status quo; political leadership is needed to stop rising poverty and act on the gap between the rich and the rest of us. The Manitoba government must rise to the occasion and deliver strong policy responses to provide help and relief. Inaction will only let the income gap widen further.

Closing the gap between the rich and the rest of us is not only a moral and ethical imperative; it is also key to improving overall health, reducing crime, supporting labour force participation, and community well-being. Wealth concentration undermines democracy by enabling those with means to influence government in ways that benefit themselves to the disadvantage of the majority.

Recent Canadian data show income inequality at record levels, with the wealthiest households benefiting most. According to Statistics Canada, over the past year, those living in the lowest quarter have 0.5 per cent less disposable income. Those with the highest have 4.3 per cent more.

In the last budget, the Manitoba government took a promising step by clawing back the basic personal amount tax credit for those earning more than $200,000 a year. This is an important first step and should include more upper-class Manitobans.

‘Neighbourhood staple’ Oakwood Cafe to shutter

Malak Abas 5 minute read Preview

‘Neighbourhood staple’ Oakwood Cafe to shutter

Malak Abas 5 minute read Tuesday, Feb. 17, 2026

At one of the Oakwood Cafe’s last lunch rushes, one might guess the restaurant packed full of diners was influenced by the announcement a day earlier the decades-old South Osborne neighbourhood institution would be closing its doors for good.

That’s partially true — some customers beeline to veteran server Kendra Menard with questions, well-wishes and hugs — but every time it happens, a chain reaction follows: diners just here for lunch, shocked, ask their companions if it’s true, if the Oakwood is really closing.

Menard has been a server at the Oakwood for 23 years, almost half her life. It shows: while speaking with the Free Press on Friday, she welcomes guests by name and preps drinks at tables reserved by regulars before they show up.

Pointing to a single-seat table, she tells a story of a regular, Bob, who was at that table for breakfast nearly seven days a week for years. Menard’s children shovelled his snow and staff would call to check on him if he didn’t show up.

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Tuesday, Feb. 17, 2026

AI a potent wedge issue in U.S. midterms

Kyle Volpi Hiebert 5 minute read Friday, Feb. 13, 2026

Americans head to the polls again in November with no shortage of issues at stake. The White House’s weaponization of tariffs, immigration crackdown, government purges and foreign adventurism have roiled the nation. But calls to rein in artificial intelligence (AI) may ultimately gain the most traction for candidates.

The Trump administration’s AI Action Plan, released last summer, promises to assert U.S. technological dominance at breakneck speed. The strategy vows Washington will dismantle barriers to data centre construction, eliminate a raft of “woke” safety measures and lean on other nations to buy American tech.

Silicon Valley evangelists have fully bought in. Amazon, Meta, Google and Microsoft alone have announced US$650 billion in AI-related spending for 2026. That eclipses the GDP of countries such as Israel or Norway. It also doesn’t factor in other venture capital investments elsewhere, or outlays from OpenAI, Anthropic or the Elon Musk-owned xAI.

A market strategist told the Wall Street Journal last month that the U.S. could plausibly be in a recession if it weren’t for AI investments. Although this isn’t necessarily a good thing. America’s economic growth “has become so dependent on AI-related investment and wealth,” the paper reported,” that if the boom turns to bust, it could take the broader economy with it.”

Winnipeg-based tech firm Taiv closes US$13M growth round

Aaron Epp 3 minute read Preview

Winnipeg-based tech firm Taiv closes US$13M growth round

Aaron Epp 3 minute read Tuesday, Feb. 10, 2026

Taiv Inc. may rely on AI, but there’s nothing artificial about the Winnipeg company’s progression. The tech company has closed a US$13 million growth round fewer than nine months after raising US$10.5 million in series A financing.

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Tuesday, Feb. 10, 2026

Ottawa to relaunch EV rebates program in 2 weeks with new auto strategy

Nick Murray, The Canadian Press 7 minute read Preview

Ottawa to relaunch EV rebates program in 2 weeks with new auto strategy

Nick Murray, The Canadian Press 7 minute read Friday, Feb. 6, 2026

OTTAWA - The federal government announced a suite of new electric vehicle policies Thursday, including the reintroduction of the popular rebate program and the elimination of the EV sales mandate in favour of stricter emissions standards for the auto sector.

The move is the latest rollback of climate policies enacted by former prime minister Justin Trudeau. The government of Prime Minister Mark Carney cancelled the consumer carbon price and halted the implementation of an emissions cap on the oil and gas sector.

Speaking at an auto parts manufacturer in Woodbridge, Ont., Carney said Thursday Ottawa pitched the new plan as a transformation of Canada's auto sector, which has been battered for months by U.S. tariffs.

"We have everything we need to take the lead in the vehicles of tomorrow, and we're positioning Canadian workers and businesses to seize that opportunity," he said.

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Friday, Feb. 6, 2026

Is latest tech ‘game-changer’ just more of the same?

Russell Wangersky 6 minute read Saturday, Jan. 3, 2026

Maybe they’ve already thought of this. Maybe they just don’t care.

But building an artificial intelligence system that could leave one in five people without a job might not be the best idea in the world, or for the world.

Overseas manufacturing has already proven that cheap and sometimes barely functional is the enemy of the good: high-quality, locally manufactured products have their niche, but for the majority of sales, cost seems to regularly trump quality.

And if AI can make cheaper products — even if it fails to make better ones — well, the market will quickly pick the winners and losers.

Winnipeg-based organization injects federal funds into innovative, women-powered business in Bolivia

Melissa Martin 13 minute read Preview

Winnipeg-based organization injects federal funds into innovative, women-powered business in Bolivia

Melissa Martin 13 minute read Friday, Oct. 10, 2025

With practised grace, Antonia Olpo slides down the bank of the long, shallow pond and plunges fully clothed into the muddy water. On the grass above, other women and their male helpers unfurl the net, stretching it across the pond from edge to edge, and let it sink below the surface.

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Friday, Oct. 10, 2025

Prolonged drought stunts the renowned wild blueberry crop in the Maritimes

Michael MacDonald, The Canadian Press 4 minute read Preview

Prolonged drought stunts the renowned wild blueberry crop in the Maritimes

Michael MacDonald, The Canadian Press 4 minute read Monday, Oct. 6, 2025

HALIFAX - This summer’s prolonged drought across Atlantic Canada has had a costly impact on wild blueberry growers in New Brunswick and Nova Scotia.

Donald Arseneault, general manager of the NB Blueberries industry group, says that as this year’s harvest was wrapping up, the total yield was believed to be 70 per cent less than the previous three-year average.

“This year has been tremendously dry and we haven't really seen this in a long time,” Arseneault said, adding that this year’s crop amounted to about 20 million pounds, down from the annual average of 68 million pounds.

The industry, which ships its product around the world, was also hurt by delays caused by the provincial government’s decision to temporarily shut down the harvest as it tried to deal with a growing number of wildfires that flared up amid tinder-dry conditions.

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Monday, Oct. 6, 2025

TikTok’s algorithm to be licensed to US joint venture led by Oracle and Silver Lake

Michael Liedtke And Chris Megerian, The Associated Press 5 minute read Preview

TikTok’s algorithm to be licensed to US joint venture led by Oracle and Silver Lake

Michael Liedtke And Chris Megerian, The Associated Press 5 minute read Thursday, Dec. 4, 2025

WASHINGTON (AP) — Tech giant Oracle will spearhead U.S. oversight of the algorithm and security underlying TikTok's popular video platform under the terms of a deal laid out this week by President Donald Trump's administration.

All the final details still need to be nailed down among several joint venture partners that will include Oracle, investment firm Silver Lake Partners and possibly two billionaires — media mogul Rupert Murdoch and personal computer pioneer Michael Dell. The U.S. administration would not have a stake in the joint venture nor be part of its board, according to a senior White House official.

President Trump is expected to issue an executive order later this week that declares that the terms of the deal meet the security concerns laid out by the law, the senior White House official said. China still needs to sign off on the framework proposal, and any final deal would still require regulatory approval.

The proposal is aimed at resolving a long-running effort to wrest TikTok's U.S. operations from its Beijing-based parent company, ByteDance, because of national security concerns. TikTok has become a high-profile topic during conversations between Trump and China President Xi Jinping as they continue to spar in a trade war that's roiled the global economy for much of the year.

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Thursday, Dec. 4, 2025

Domestic enrolment helped U of W’s fiscal health: president

Maggie Macintosh 4 minute read Preview

Domestic enrolment helped U of W’s fiscal health: president

Maggie Macintosh 4 minute read Sunday, Sep. 21, 2025

The University of Winnipeg’s financial situation has stabilized following 10 months of cutbacks on the downtown campus.

“We’re confident we’ll have a balanced budget this year, and we’re very happy about that,” said Todd Mondor, the U of W’s president and vice-chancellor.

Mondor attributed the “stable” position to a rise in domestic enrolment and “better than expected” 2025-26 registration among international students.

An influx of cash has also provided some relief, he said. The province recently topped up the school’s annual funding by $2.5 million and it was gifted $5 million from the Mastercard Foundation.

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Sunday, Sep. 21, 2025

Province to reimburse Brandon school division for evacuee costs

Alex Lambert 2 minute read Preview

Province to reimburse Brandon school division for evacuee costs

Alex Lambert 2 minute read Friday, Sep. 19, 2025

BRANDON — The Brandon School Division will receive financial support from the province to cover the cost of hosting wildfire evacuees in its schools, Education Minister Tracy Schmidt said Thursday.

“We encourage divisions to track… expenses and to be in touch with our department — many of them already have — and we will work with them to make sure that those expenses are covered,” Schmidt said.

In Brandon, 64 students from evacuated communities were enrolled in local schools on Thursday.

As a result, the division is paying for 8.5 additional substitute teachers, a bus driver and gas for a new route, and is buying extra equipment to take on the students, totalling a “rough estimate” of $100,000, the division said.

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Friday, Sep. 19, 2025

Putting people before politics

Marion Willis 4 minute read Tuesday, Sep. 16, 2025

Dividing outreach providers won’t solve homelessness. Collaboration and a managed encampment-to-housing site will. As winter closes in, Winnipeg faces a mounting crisis. More people than ever are living unsheltered, exposed to harsh weather, unsafe conditions and the devastating risks of addiction.

Riverbank encampments and makeshift shelters in public spaces have become dangerous not only for residents but also for outreach workers and emergency responders who must navigate snow- and ice-covered terrain just to provide help. Encampment residents, meanwhile, live without even the basic dignity of an outhouse.

The overdose death rate in Winnipeg is among the highest in the country, and too many of those deaths happen in encampments. This cannot continue.

For too long, the conversation has been stalled by a false narrative: that homelessness is solely the result of a lack of subsidized housing. While the housing shortage is real, it is only part of the story. The deeper truth is that Winnipeg is in the grip of a drug-use epidemic that has become the single largest pipeline into homelessness.

Grey Cup week could feature game-changing economic score for Churchill, political triumph for Kinew

Dan Lett 5 minute read Preview

Grey Cup week could feature game-changing economic score for Churchill, political triumph for Kinew

Dan Lett 5 minute read Friday, Sep. 12, 2025

It is an incredible economic and political gift that could keep giving to Manitoba’s NDP government for years, if not decades, to come.

This week, Prime Minister Mark Carney released a list of five major projects that his government would fast-track to give Canada more economic independence from the United States. No Manitoba projects made that first short list, but something called “Churchill Plus” was identified as being under consideration for approval in the second round.

Churchill Plus includes improvements to the Port of Churchill in Manitoba’s North, including the provision of an icebreaker ship and possibly an all-weather road, to allow greater access to the port and provide improved transportation links for northern and Indigenous communities.

There is no way to exaggerate the economic and political dividends that could flow from Churchill Plus.

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Friday, Sep. 12, 2025

Arctic path to ‘our economic sovereignty’

Gabrielle Piché 5 minute read Preview

Arctic path to ‘our economic sovereignty’

Gabrielle Piché 5 minute read Friday, Sep. 12, 2025

The Port of Churchill will receive its own business development “SWAT team,” Canada’s energy and natural resources minister announced Friday.

Tim Hodgson addressed dozens of Manitoba business leaders and politicians at the Winnipeg Art Gallery on Friday afternoon.

The province’s northern port is a priority to Ottawa, Hodgson relayed during a Winnipeg Chamber of Commerce event.

Its expansion is among the country’s nation-building projects “in earlier stages of development (that) require further resources,” he added.

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Friday, Sep. 12, 2025

Telus drops the gloves with Rogers over alleged ad blocking on its media platforms

Sammy Hudes, The Canadian Press 6 minute read Preview

Telus drops the gloves with Rogers over alleged ad blocking on its media platforms

Sammy Hudes, The Canadian Press 6 minute read Wednesday, Sep. 17, 2025

TORONTO - A Canadian telecom giant is asking the national regulator to call one of its competitors offside, saying it has been unfairly blocked from advertising on the other company's media platforms.

It's a battle between Telus Corp. and Rogers Communications Inc. that also extends to the ice, with the former alleging that Rogers has used its position as Canada's dominant TV rightsholder for NHL games to interfere with Telus' long-standing sponsorship of the Calgary Flames.

The issue was outlined in a complaint filed by Telus in June and posted to the CRTC's website Tuesday. It alleges Rogers has been engaging in "anticompetitive behaviour" that violates regulatory rules.

Rogers disputes that characterization, however, saying Telus' advertisements aim to harm its reputation and therefore don't comply with its content standards.

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Wednesday, Sep. 17, 2025

Federal government says emails, phone numbers accessed in cyberattack

Catherine Morrison, The Canadian Press 2 minute read Preview

Federal government says emails, phone numbers accessed in cyberattack

Catherine Morrison, The Canadian Press 2 minute read Saturday, Sep. 20, 2025

OTTAWA - The federal government says individuals' email addresses and phone numbers associated with Canada Revenue Agency, Employment and Social Development Canada and Canada Border Services Agency accounts were accessed in a cyberattack.

The Treasury Board of Canada Secretariat says the government was alerted to the cyber incident on Aug. 17 by 2Keys Corporation, the provider of a multi-factor authentication application used for the accounts.

The government says 2Keys Corporation discovered the incident, promptly informed the government and launched an investigation, which is being conducted with external cybersecurity experts.

Treasury Board says a routine software update caused a "vulnerability" that allowed a malicious actor to access phone numbers associated with CRA and ESDC accounts, and email addresses associated with CBSA accounts, linked to people who used the authentication service between Aug. 3 and Aug. 15.

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Saturday, Sep. 20, 2025

Impact of cyberattack on Nova Scotia Power could be bigger than first thought

Michael MacDonald, The Canadian Press 4 minute read Preview

Impact of cyberattack on Nova Scotia Power could be bigger than first thought

Michael MacDonald, The Canadian Press 4 minute read Saturday, Sep. 20, 2025

HALIFAX - Nova Scotia’s largest electric utility says the impact of a sophisticated cyberattack in March could be much broader than first thought.

Nova Scotia Power said in May that about half of its customers — 277,000 ratepayers — may have had personal information stolen by hackers. But the privately owned utility is now saying all of its customers may be affected in some way.

The new information comes from a Nova Scotia Power report submitted last week to the independent Nova Scotia Energy Board, which is investigating the cybersecurity breach.

“This investigation is ongoing and has been complex given the severe nature of the cyberattack," the report says. "It remains possible that all of the company’s customers may have been impacted by the cyberattack."

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Saturday, Sep. 20, 2025

Bell launches Bell Cyber, building on AI and tech services umbrella

Sammy Hudes, The Canadian Press 4 minute read Preview

Bell launches Bell Cyber, building on AI and tech services umbrella

Sammy Hudes, The Canadian Press 4 minute read Thursday, Dec. 4, 2025

TORONTO - Bell Canada is launching Bell Cyber, a new brand under its growing tech services umbrella which will offer AI-powered cybersecurity solutions.

The company made the announcement Tuesday at its inaugural Bell Cybersecurity Summit in Toronto, which heard from Bell Cyber's leadership, government and law enforcement officials, as well as other industry stakeholders.

It said Bell Cyber unifies all of the company's cybersecurity capabilities under a single brand. It also complements Bell's other recent tech announcements, such as the launch of Bell AI Fabric and tech services brand Ateko.

Bell Cyber is the branding successor to Stratejm, a Mississauga, Ont.-based security services provider acquired by Bell in July 2024. The company has specialized in providing end-to-end security solutions with the use of artificial intelligence, including real-time threat detection and response.

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Thursday, Dec. 4, 2025

Great potential in Churchill port project — but…

Editorial 4 minute read Preview

Great potential in Churchill port project — but…

Editorial 4 minute read Monday, Sep. 8, 2025

Prime Minister Mark Carney, seeking to bolster Canadian economic power at a time when its closest ally and trading partner is becoming increasingly hostile, wants to get started on some nation-building projects. Among them, he has indicated, is one to make some serious upgrades to Churchill’s port, funding for which is expected to be announced soon.

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Monday, Sep. 8, 2025

‘We’re here for you’, agriculture minister tells farmers

Erik Pindera 3 minute read Preview

‘We’re here for you’, agriculture minister tells farmers

Erik Pindera 3 minute read Sunday, Sep. 7, 2025

The federal agriculture minister and his Manitoba counterpart tried to offer comfort Sunday to canola producers and other farmers roiled by massive tariffs from China and other economic uncertainty.

Liberal Agriculture Minister Heath MacDonald said in Winnipeg on Sunday a new $370-million in support meant to ease the pain in the canola industry, which was announced Friday by Prime Minister Mark Carney, is “just a start.”

“I know you’re stressed, you need to make business decisions, this is your livelihood and what you’re hoping to pass on to the next generation… when the time comes,” said MacDonald. “We’re here for you.”

MacDonald made the comments ahead of an annual meeting of federal, provincial and territorial agriculture ministers, which runs through Tuesday in Winnipeg, where trade uncertainty is expected to largely top the agenda.

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Sunday, Sep. 7, 2025