Friday, October 9, 2026 · Read Daily Business News for the latest business, economy, markets, investing, startups, entrepreneurship, corporate and global business developments.
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18 result(s) for “business”

Business News · Oct 9, 2026

Stelco begins layoffs in Hamilton as Ottawa warns owner of legal action

Stelco began issuing layoff notices on October 9, 2026, as its U.S. owner, Cleveland-Cliffs, idles operations at the Hamilton plant. The federal government has given the company days to explain how it will meet employment commitments tied to its 2024 purchase, raising the prospect of enforcement under the Investment Canada Act.

Companies & Industry · Oct 8, 2026

Intermap completes purchase of Canadian firm PCI Geomatics, folding a Toronto-area imaging specialist into its geospatial platform

Intermap on October 7 closed its acquisition of PCI Geomatics, a long established Canadian developer of satellite and aerial image processing software. The deal brings a Canadian imaging technology business and its installed base into a TSX-listed geospatial group, with Intermap projecting materially higher recurring revenue for 2027.

Companies & Industry · Oct 5, 2026

PwC and Cohere form global enterprise AI alliance, launching first in Canada

PwC and Canadian AI firm Cohere announced a global alliance on October 5, 2026 that will begin in Canada, combining PwC’s transformation and governance capabilities with Cohere’s sovereign AI technology to speed enterprise adoption while addressing data control, security and regulatory needs.