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For over a decade, Canadian governments have poured money into mass transit projects. These outlays totalled $115.4 billion between 2016 and 2025, more than all investment in pipelines over this period and triple that by the auto industry. Public funding of mass transit was supposed to change how Canadians commute to work. The latest data on commuting patterns say it has been an abject failure. Read More
Strathcona Resources Ltd. is doubling down on its bid to take over MEG Energy Corp., scooping up more of the target company’s stock in the hopes of stopping rival Cenovus Energy Inc.‘s blockbuster acquisition deal. Read More
(Bloomberg) — The dollar extended its longest losing streak since April 2023 after a report on the US labor market showed surprising weakness, prompting traders to lock in an interest-rate cut by the Federal Reserve this month. Read More
Tesla Inc. proposed a new compensation agreement for chief executive Elon Musk potentially worth around US$1 trillion, a massive package without precedent in corporate America. Read More
Warner Bros. is suing artificial intelligence company Midjourney for copyright infringement, alleging that the startup enables its millions of subscribers to create AI-generated images and videos of copyrighted characters like Superman and Bugs Bunny. Read More
