Feds greenlight $673 million to keep Canada Post afloat this year

OTTAWA - The federal government is handing hundreds of millions of dollars to Canada Post to keep the money-bleeding mail service afloat for the current fiscal year.

A cabinet order gives the beleaguered Crown corporation up to $673 million so it can "meet its operating and income" demands through next March.

That amount was carried over from the roughly $1 billion Ottawa authorized in a massive funding top-up earlier this year. It also followed last year's initial $1.03-billion cash injection, which failed to sustain the postal service past early February 2026.

Despite the reassigned funds, Canada Post will likely need hundreds of millions more to make it through the fiscal year, said Ian Lee, an associate professor at the Sprott School of Business at Carleton University.

Developers selling some land slated for delayed ‘complete community’ near Polo Park

Plans for 84-acre development north of the major shopping mall included apartment towers, retail space and parks

Three Winnipeg restaurants among Canada’s best

Three Winnipeg restaurants have made it into the annual Canada’s 100 Best Restaurants list.

Mandel Hitzer’s Deer + Almond and Emily Butcher’s Nola, both which appeared last year, retained their spots but dropped down in placing.

Hitzer’s restaurant at 85 Princess St. held the rear of the top 50, down 16 places from last year’s 34 ranking.

Nola (300 Taché Ave.) came in at 88, after making its debut on last years’ list at 86.

Bell CEO ‘confident’ in lofty revenue targets as it doubles down on AI data centres

Bell Canada's parent company has upped its revenue target for its growing AI business by a third as it moves forward with plans to build a cluster of data centres, while assuring it will maintain "responsible usage" of the technology.

BCE Inc. chief executive Mirko Bibic said Thursday that with the recent announcement of a 300-megawatt data centre in rural Saskatchewan, the company now expects to generate around $2 billion in revenue from its portfolio of AI-powered enterprise solutions by 2028.

That's up from its previous objective of $1.5 billion in revenue over three years.

"We're confident in that target and frankly, I see potential beyond it," Bibic told analysts on a conference call as BCE reported its first-quarter results, which included a profit attributable to common shareholders of $616 million or 66 cents per diluted share.

Discount stores drive Loblaw’s Q1 profit and sales, raises quarterly dividend

An emphasis on discount stores continues to pay off for Loblaw Cos. Ltd. as shoppers search for affordable groceries amid intensifying economic headwinds.

"The ongoing outperformance of our hard-discount banners — Maxi and No Frills — was a key driver of (the) success, reinforcing their vital role in helping Canadians manage affordability," chief executive Per Bank told financial analysts on Wednesday after the retailer reported its first-quarter results.

The earnings report noted that the discount grocery banners outperformed for the owner of Loblaws and Shoppers Drug Mart, while its drugstore business saw growth in prescription drugs, particularly in sales of GLP-1 drugs such as Ozempic.

Loblaw also raised its quarterly dividend by 10 per cent to 15.5 cents per common share.

Think Shift appoints new chief executive on ‘AI plus AI’ approach

Rejecting return-to-office mandates, using artificial intelligence and working with more clients in the United States are top priorities for the new leader of a Winnipeg marketing agency that specializes in agriculture.

Infrastructure, military spending, economy dominate talk in federal finance minister’s visit

Federal Minister of Finance François-Philippe Champagne was in Winnipeg, but at a gathering of local business community members on Monday afternoon, he had another Manitoba locale on his mind.

“I love Churchill,” Champagne said when asked at a Manitoba Chambers of Commerce event what Canadian trade diversification opportunity he’s most optimistic about.

Ottawa has identified the Port of Churchill as central to its vision to build a stronger, more resilient Canadian economy that is better connected to global markets.

“I had no hesitation to mention Churchill — that came to mind immediately,” Champagne told a reporter after the event. “It is probably one of the most consequential infrastructure (projects) that we can imagine for the Prairies.”

Hopes rise for reuse of heritage buildings

The chairperson of a committee that advises city council on climate change issues is excited about a new report that outlines potential options for Winnipeg to reuse heritage buildings.

The city’s standing policy committee on property and development is scheduled to discuss the Promoting Adaptive Reuse and Preservation of Heritage report on Wednesday.

The 25-page document explores bylaws and rules Winnipeg could implement to promote the “adaptive reuse” of buildings — a recycling strategy that focuses on maintaining the structure or basic fabric of a building and repurposing its function.

Adaptive reuse would help the city reduce waste, protect historic places and add more housing options, according to the report.

More time at work is not always more productive work

Canada’s productivity conversation has increasingly focused on a simple but important measure: output per hour worked. In other words, what are we actually producing for the time we are putting in?

Local garden centres rev up even as cold temperatures delay outdoor planting season

Colin Rémillard is obsessed with the weather.

When he and his family opened Winnipeg gardener’s staple Jardins St-Léon Gardens for the 2026 season on Wednesday, it came after weeks of chilly weather. But with staff itching to go — and customers waiting — they decided to open the doors after a “mad dash” to bring in produce and tag every product in the store one day earlier.

“Everything seemed to roll fairly well. We’re in good shape. It’s going to be a colder spring, that’s just reality,” Rémillard said from the garden centre Friday.

“We’ve had really nice springs for the past one or two years. We always remember only one year in the past, so we think this is unusual, but it is pretty normal to have this amount of cold.”

Alberta oil pipeline is ‘more likely than not’ Carney says

OTTAWA - Prime Minister Mark Carney says a new oil pipeline out of Alberta is "more likely than not."

In his first sit-down interview with The Canadian Press since becoming prime minister more than a year ago, Carney said Friday that given the increased global demand for secure new sources of energy due to the war in Iran, and Canada's need to diversify to Asian markets, a new pipeline is "more probable than possible."

"It's all part of a bigger package. We're making progress on that bigger package," Carney said, referring to the memorandum of understanding his government signed with Alberta late last year.

"Part of our job is to figure out ways to make that work, to make it work that's combined with reducing the emissions associated with oil.

Healthy food subsidy might be on table over gas tax cut: Kinew

Premier Wab Kinew says he is still considering relief for Manitobans struggling with the high price of fuel but it may not be in the form of a gas tax holiday.

Food fight: provincial government taking Sobeys to Municipal Board over property controls

The Manitoba government is taking aim at Sobeys Inc. in a bid to boost local competition.

The province said Thursday it would challenge contracts made by the Canadian grocery giant that prevent competitors from setting up shop nearby.

Manitoba will submit four cases for Municipal Board review, Premier Wab Kinew said. “When there’s more competition, there are better prices.”

Last year, the provincial government passed a law allowing for the removal of registered controls if the Municipal Board deems it in the public interest.

Toy company Spin Master bracing for rising production, shipping costs from war

TORONTO - The war in the Middle East will soon make your kid's favourite toys more expensive to produce and deliver to store shelves.

Spin Master Corp., the Toronto-based firm behind Paw Patrol, Gabby's Dollhouse and Ms. Rachel toys, said Thursday that a blockage of one of the region's key shipping routes is pushing up its freight, resin and packaging costs.

The impact has so far been minimal because the company had several contracts with suppliers that locked in commodity prices before the conflict began on Feb. 28.

But chief financial officer Jonathan Roiter said that will soon change.

Hanwha offers made-in-Canada military vehicles if it wins submarine deal

OTTAWA - South Korean defence manufacturer Hanwha says it's ready to build military vehicles in Canada in a partnership with the domestic auto sector, including mobile howitzers, rocket launch systems and infantry vehicles.

But that's only if it wins its bid to construct the Royal Canadian Navy's next fleet of submarines.

Hanwha said Wednesday it would forge a joint venture with the Automotive Parts Manufacturers’ Association to create a Canadian entity that would build a range of vehicles.

"It's not a secret Canada asked … 'Could you please take a look at the auto industry and understand what you can do?' They're under a tremendous amount of stress," said Glenn Copeland, CEO of Hanwha Defence Canada.

Post-secondary students make their pitches at New Venture Championships in Winnipeg

Cieran O’Hara and Daniel Belokurov say they have the solution for getting through long days — no cups of coffee needed.

The pair of University of Manitoba business students will pitch their holistic daily supplement blend — the flagship product of their startup business Amani Health and Wellness — and faceoff against student entrepreneurs from across North America at the Stu Clark New Venture Championships from Thursday to Saturday in Winnipeg.

They’ve got what they say is a win-worthy proposition: a herbal option for busy people experiencing burnout who want relief without resorting to caffeine or medical stimulants. The capsules contain adaptogens and nootropics — found in plants such as ashwagandha, lion’s mane and reishi mushroom — purported to improve stress responses and mental clarity.

“People are coming back to nature and back to themselves, and at the end of the day, I think what’s so important is being able to improve your general health, and I think that’s why we do it,” O’Hara, 25, said Tuesday.

Ottawa outlines plans to tackle financial crime, ban crypto ATMs

OTTAWA - The federal government plans to ban cryptocurrency ATMs as part of a suite of measures in its spring economic statement targeting financial crimes.

The government says scammers use the ATMs to defraud victims, while criminals use them to convert the proceeds of crime.

There are currently just under 4,000 cryptocurrency ATMs in Canada — the most per capita in the world, finance officials speaking on background said. The document says Canadians will still be able to buy cryptocurrencies from "brick-and-mortar" businesses.

The financial update outlined other measures to tackle criminal use of businesses that provide services like currency exchanges and digital payments. They include new powers around ministerial directives, stricter rules on registration and more criminal record checks for those businesses.

Elon Musk takes stand in trial vs. Sam Altman that could reshape AI’s future

OAKLAND, Calif. (AP) — Elon Musk, the Tesla CEO, world's richest man and OpenAI cofounder, took the stand Tuesday in a high-stakes trial revolving around a bitter feud with his former friend Sam Altman that could reshape the future development of artificial intelligence.

His testimony at the Oakland, California, federal courthouse kicked off a legal drama that is expected to brim with intrigue and potentially embarrassing details about the two tech moguls. Musk filed the lawsuit against Altman and his top lieutenant, Greg Brockman, along with Microsoft over its investments in OpenAI, in 2024.

“Fundamentally, I think they’re going to try to make this lawsuit ... very complicated, but it’s actually very simple,” Musk said. “Which is that it's not OK to steal a charity.”

The nine-person jury was selected Monday and the trial is scheduled to take three weeks.