What prediction market trading is and why it’s gaining popularity

Financial services company Wealthsimple announced Thursday that it will start offering a new form of investment based on real-world events.

The product is called prediction market trading and it's gaining increasing popularity around the world.

Here's a breakdown of how it works, what's driving its growth and what investors should beware of.

What are prediction markets?

FDA panel backs first-of-its-kind flu vaccine using mRNA technology

WASHINGTON (AP) — A new kind of flu vaccine moved a step closer to the U.S. market Thursday as federal health advisers recommended approval of the first made with the same mRNA technology that was key to ending the COVID-19 pandemic.

The Food and Drug Administration is evaluating Moderna's new shot, dubbed mFlusiva, for older Americans ahead of the winter flu season. Moderna is seeking full approval for the vaccine's use in people ages 50 to 64 — along with authorization for use in those 65 and older while it conducts additional testing.

The FDA's independent advisory committee evaluated Moderna's studies of the vaccine and voted unanimously that its benefits appear to outweigh any risks for both age groups. The FDA will consider that recommendation in making a final decision by early August.

Tens of thousands of Americans die from influenza every year, and older adults are among the most vulnerable. There are various types of flu vaccines already available in the U.S., including three specifically recommended for people 65 and older. But vaccines made with the Nobel Prize-winning mRNA technology are faster to manufacture than other types — something experts say might help if the shape-shifting flu virus mutates in a way that requires suddenly brewing new doses to match.

Radon in Newfoundland public housing a reminder of urgent national problem: experts

ST. JOHN'S - The Newfoundland and Labrador government recently found hazardous levels of a cancer-causing gas in some of its public housing units, prompting some experts to call for mandatory testing across the country.

The Newfoundland and Labrador Housing Corp. tested for radon in 172 of its housing units as part of a pilot program with Health Canada and found 23 had levels exceeding federal health guidelines and needing remediation, a spokesperson said.

The public housing authority included some of those test results in a post to the provincial procurement website last month, looking for tenders from contractors that could install mitigation systems.

Kelley Bush, manager of Health Canada's national radon outreach program, applauded Newfoundland and Labrador's efforts and said provinces are stepping up to test public housing for the deadly, odourless gas. But she said there is more work to be done.

School board’s plan violates rights of young people: children’s advocate

Backlash is mounting over the Steinbach school board’s plans to disregard “mature minor” status and recognize parents as primary decision makers in all student health matters.

Conservative MP’s bill on intimate partner violence becomes law

OTTAWA - Canada will take a harder stance on intimate partner violence after a Conservative MP’s private member’s bill became law Wednesday.

The Criminal Code will soon be updated to allow the killer of an intimate partner to be charged with first-degree murder regardless of whether the act was premeditated.

Bill C-225, which received royal assent in Parliament on Wednesday, will make first-degree murder applicable to killings that happen as part of a pattern of coercive or controlling conduct.

Frank Caputo, Conservative MP for Kamloops-Thomson-Nicola, put forward the private member's bill.

Federal Trade Commission sues leading transgender health group

The Federal Trade Commission and four states sued the World Professional Association for Transgender Health on Wednesday, in the latest push by President Donald Trump’s administration and others to limit gender-affirming care for transgender minors.

The suit alleges the group, known widely as WPATH, made deceptive claims about gender-affirming care for minors and its members profited off the claims. Alaska, Iowa, Nebraska and Texas filed along with the FTC.

“Parents have a right to make informed decisions about their children’s health,” FTC Chairman Andrew Ferguson said on X. “The FTC will not allow parents and children to be deceived by medical organizations and providers who are prioritizing profit over children’s health and safety.”

The suit also alleges the group didn't disclose the side effects of certain pediatric medical transition services, including those related to hormone treatments, and doctors then repeated to consumers "false, misleading or unsubstantiated statements about safety and efficacy found in WPATH guidelines.”

One of Canada’s most prominent MAID providers reflects on divisive decade

TORONTO - Dr. Ellen Wiebe has never been one to shy away from risk.

It started with the very first patient she provided with a medically assisted death: Hanne Schafer, a 66-year-old Calgary psychologist diagnosed with amyotrophic lateral sclerosis three months before retiring in 2013.

MAID was three years away from legalization, but Schafer was quickly losing her ability to talk, walk, eat and drink and wanted the procedure as soon as she could get it. On Feb. 29, 2016, a judge approved her request, more than three months before MAID would become legal on June 17.

The next hurdle was finding a doctor prepared to do it, recalls Schafer’s husband Daniel Laurin. He credits Wiebe with helping his late wife when no one else would: "It was a very humane thing to do.”

Committee majority recommends against MAID for mental illness, four senators object

OTTAWA - A parliamentary committee is calling on the federal government to indefinitely exclude people with mental illness from becoming eligible for medical assistance in dying, after a process that some of the committee's members decried as flawed and biased.

Conservative and Liberal members of Parliament on the committee co-signed that single recommendation in a report Wednesday that included a number of dissenting opinions.

People with a mental illness as their sole underlying condition are set to become eligible to apply for medical assistance in dying, or MAID, next March.

The committee of MPs and senators was tasked with studying whether the country is ready for that to happen.

Directors Desk enters child care HR spotlight

A Manitoba company has released what is believed to be the first sector-specific human resources software for early learning centres and child care operations in Canada.

Manitoba-born 105-year-old in midst of four-day birthday extravaganza

Reaching a century (plus five) is a milestone so rare it deserves more than a single celebration.

And Edith Cecelia Lints Edmundson is marking her 105th birthday with a bang, returning to celebrate in the province where she lived for 100 years.

With the help of her children Vivian, Rhonda and Derrick, Edmundson organized a four-day cross-country tour that’s seen her party in Langley, B.C., Shoal Lake and Brandon.

She’ll be capping the festivities off in Winnipeg this weekend, joined by 80 of her nearest and dearest who will come to raise a glass to the matriarch of the family.

‘Fundamentally broken’ support system failing Manitobans with disabilities, scathing report concludes

Manitoba’s disability support system is “fundamentally broken” and routinely fails people as they transition into adulthood, according to a damning new report that calls for a sweeping overhaul of provincial services.

Justice minister says he will review MAID committee testimony before making decision

OTTAWA - Justice Minister Sean Fraser says he will take time over the summer to review the work of a committee tasked with determining whether Canada is ready to allow people with mental illness access to medically assisted dying.

Committee co-chair Marcus Powlowski said last week the report would be presented to Parliament on Wednesday to ensure it's in the government's hands before the House of Commons takes its summer break.

Fraser said Tuesday he will consider more than the committee's conclusions and recommendations.

"Importantly to me, I'm also going to be reviewing the witness testimony upon which those recommendations were based," he said.

MPs urge action to undercut ‘manosphere’ by tackling anti-women ideology

OTTAWA - MPs are calling on the government to tackle the rise of antifeminist ideology by funding programs that undercut the "manosphere" of online influencers who blame women for men's problems.

The House of Commons status of women committee tabled a report Tuesday warning "antifeminist ideologies are becoming increasingly prominent in Canada and internationally."

The committee says boys and young men who are isolated or struggling to find their place in society are being presented with extreme content online that glorifies dominating and dehumanizing women and amplifies gender-based violence.

At a news conference on Parliament Hill, Conservative MP Dominique Vien, the committee's chair, told reporters witnesses who spoke to the committee struggled to identify a single reason for the rise in antifeminism.

Ottawa’s new surveillance pricing rules not likely to take effect before 2028

OTTAWA - The federal government wants to be "super careful" as it tackles surveillance pricing, Artificial Intelligence Minister Evan Solomon said after tabling the government's new privacy bill.

Under the plan outlined by Solomon, those rules on surveillance pricing are unlikely to be in place before 2028.

"It's very easy to say just ban using personal information to give personal pricing, because we have to be super careful that we don't want to penalize people who are members of a rewards program," Solomon said Monday in an interview with The Canadian Press.

The government introduced the bill Monday — its third attempt to update decades-old privacy laws covering the private sector.

Liberal government tables new First Nations drinking water legislation

New legislation tabled by the government on Tuesday will create a legislative framework to protect drinking water in First Nations communities, Indigenous Services Minister Mandy Gull-Masty said.

New First Nations water bill changes mention of ‘right’ to clean water access

OTTAWA - A new First Nations clean water bill set to be introduced by Prime Minister Mark Carney's government changes a provision in a previous bill that would have recognized First Nations have a human right to clean drinking water.

The Canadian Press has obtained a draft of the bill labelled "for consultation until June 11, 2026." It's not clear if any changes were made since the consultation period ended.

Some First Nations leaders had expected the bill to be introduced as early as Monday, but that didn't happen. It's now expected on Tuesday, and Indigenous Services Minister Mandy Gull-Masty is scheduled to hold a news conference.

The House of Commons is expected to rise by Friday for the summer break, which means the legislation likely won't be debated or voted on until the fall.

Ottawa introduces privacy bill covering children’s data, right to request deletion

Proposed federal legislation would recognize privacy as a fundamental right of all Canadians and set higher standards for organizations when they manage children's data.

Inflation hitting Canadians where it hurts

Inflation bites. That’s especially true for a key element of a budget that’s challenging to go without: food.

Higher prices always eat away at spending power, but food price increases have devoured household budgets in recent years, Statistics Canada’s Consumer Price Index (CPI) data show.

Food cost increases may have peaked in Manitoba in 2022 at nearly 14 per cent, year over year. But even recent data shows prices rising 4.8 per cent, among the highest in Canada.

Households have little choice but to endure higher food costs, given they cannot go without, or they are increasingly turning to food banks and other community supports. Since 2020, the province’s food banks have logged a 150 per cent increase in use, a 2025 Harvest Manitoba report found.

‘Fentanyl fold’ on city streets stresses prompt need for supervised consumption site: premier

Alarmed after seeing the “fentanyl fold” on city streets, Premier Wab Kinew promises a supervised drug consumption site will open this month — despite concerns essential staffers have yet to be hired.

In a sit-down interview with the Free Press Friday, the premier reinforced that the site — announced in the summer of 2024 — would be operational by the end of June.

“The urgency of the drug crisis is so visible in a way that everyone sees it,” Kinew said.

The province received approval from Health Canada for the Indigenous-led site, at 366 Henry Ave., in May.

Winkler hosts first LGBTTQ+ celebration Saturday

Sebastian Saunders is both excited and nervous about returning to Winkler to tell his story at his hometown’s first Pride event.

To get through his anxiety, he imagines a younger version of himself in the audience. “I’m just imagining that kid being like: ‘Oh, I can be happy and healthy and be myself and find community and be OK,’” he says.

Growing up attending church in Winkler, Saunders internalized a lot of homophobia and transphobia. “I was indoctrinated to believe I was a giant abomination,” he says. At times he thought about taking his own life.

Saunders was diagnosed with cancer when he was 19. The experience forced him to ask himself hard questions. When he finished chemotherapy, he told his family and friends he was queer. “I was ostracized by most of the people around me,” he says.

New Brunswick woman sues OpenAI, alleging ChatGPT led to daughter’s death

When 24-year-old Alice Carrier told ChatGPT that she had to die to stop the pain she was feeling, the chatbot allegedly appeared to agree. By the next day, Carrier was dead.