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The Gordie Howe International Bridge is pictured Thursday, June 11, 2026.Dax Melmer/The Globe and Mail
Getting caught up on a week that got away? Here’s your weekly digest of The Globe’s most essential business and investing stories, with insights and analysis on the biggest headlines, stock tips, personal finance strategies and more.
Trump threatens not to renew USMCA as Carney talks trade strategy with premiers
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U.S. President Donald Trump speaks in the Oval Office on Wednesday. He reiterated his stance that the United States doesn’t need ‘anything’ from its USMCA partners.Julia Demaree Nikhinson/The Associated Press
When asked about the upcoming review of the United States-Mexico-Canada Agreement, U.S. President Donald Trump said Wednesday that he’s not looking to renew the North American trade pact. He repeated his past comments that his country doesn’t need “anything” from Canada and Mexico while speaking with reporters in the Oval Office. U.S. ambassador to Canada Pete Hoekstra looked to reframe the comments on Thursday, saying it is actually an invitation to make a deal.
Prime Minister Mark Carney and the premiers held a virtual meeting Wednesday where the private discussion focused on Canada’s negotiating strategy with the United States.
Under the terms of the USMCA, the three countries must decide by July 1 whether to extend the agreement for another 16 years. If they don’t agree to an extension, the deal will remain in place, but move into a period of annual reviews for 10 years. It’s also possible for any of the three countries to withdraw with six months’ notice.
Apotex shares jump in largest TSX debut since 2021
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Apotex stock finished its first day of trading on Wednesday at $27, up $3 from the IPO price in an otherwise down market.Sammy Kogan/The Globe and Mail
On Wednesday, Apotex stock soared in its debut on the Toronto Stock Exchange. The country’s largest drug company raised $1.3-billion by selling shares at $24 each, making it the largest Canadian initial public offering for the TSX in five years.
Apotex stock finished its first day of trading at $27, up $3 from the IPO price in an otherwise down market. The newly public company sports a $5.8-billion market capitalization. Andrew Willis reports on how private equity firm SK Capital Partners transformed the business they bought from the estate of founder Barry Sherman in 2023.
It comes at a crucial time, as SpaceX’s IPO debuts in the United States and investors await details of other mega IPOs, including AI giants Anthropic and OpenAI.
Former Air Canada pilot flew more than 900 flights without a captain’s licence, police allege
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Air Canada aircraft sit parked at Vancouver International Airport on Aug. 18, 2025.DARRYL DYCK/The Canadian Press
A former Air Canada pilot flew tens of thousands of passengers on more than 900 flights for 17 years with a forged captain’s licence, according to Ontario’s Peel Regional Police. Geoffrey Wall, 59, of Barrie, Ont., has been charged with seven criminal counts, including fraud, uttering forged documents, counterfeit possession and public mischief.
Mr. Wall commanded Air Canada’s biggest Boeing jets – the 767, 777 and 787 – and earned a total of $2.9-million to do so, Peel Police Deputy Chief Nick Milinovich told reporters at a news conference on Tuesday.
Mr. Wall retired last year after 27 years at Air Canada, before the police investigation began. The probe began four months ago, after a Transport Canada check in 2025 discovered Mr. Wall’s permits were not in order, police said.
@globeandmail A former Air Canada pilot flew more than 900 flights without the proper licence, police in Ontario allege. Police have charged Geoffrey Wall, 59, of Barrie, Ont., with seven criminal counts related to flying passenger jets with a forged captain’s licence. Peel Regional Police claim that for 17 years, Mr. Wall flew tens of thousands of passengers as a pilot in charge, a position for which he was not licensed by Transport Canada. Although he was a licensed commercial pilot and qualified to hold the position of an Air Canada first officer, he did not have an Airline Transport Pilot Licence and was not allowed to be in charge of a passenger plane, police said. Peel Sergeant Rob Boyer likened it to a family doctor performing brain surgery in his office. Allegedly using forged documents, Mr. Wall commanded Air Canada’s biggest Boeing jets – the 767, 777 and 787 – earning a total of $2.9-million to do so, Peel Police Deputy Chief Nick Milinovich told reporters. Mr. Wall retired last year after 27 years at Air Canada, before the police investigation began. The probe began four months ago, after a Transport Canada check in 2025 discovered Mr. Wall’s permits were not in order, police said at a news conference on Tuesday. #AirCanada #Aviation #Canada ♬ original sound – The Globe and Mail
Trump administration delays opening of Gordie Howe bridge on eve of ribbon cutting
The opening of the Gordie Howe International Bridge between Windsor, Ont., and Detroit was postponed indefinitely at the behest of the Trump administration, one U.S. and one Canadian industry source said, a day before the ribbon cutting.
The U.S. industry source said the American government slammed the brakes on the opening because Commerce Secretary Howard Lutnick and Pete Hoekstra, Washington’s ambassador to Canada, want to first negotiate a deal to help Michigan’s Moroun family, the billionaire owners of the existing Ambassador Bridge, mitigate their losses from competition by the new, publicly owned bridge.
The delay puts even more strain on truck drivers, Windsor residents and people who cross the border regularly. “I just wish they’d get it over with and Trump would leave us alone,” said Diane Wright, a Canadian long-haul truck driver.
How Saskatchewan’s ‘soft power’ laid the groundwork for Canada to diversify trade
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A drone view shows canola field flowers on a farm near Blaine Lake, Sask., in July, 2025.David Stobbe/Reuters
When Prime Minister Mark Carney traveled to Beijing in January to revamp economic ties with the world’s second-largest economy, one Canadian premier went with him: Saskatchewan’s Scott Moe.
Saskatchewan is a commodities powerhouse that produces food, fertilizer and energy products in high demand in the world’s fastest growing economies, Kate Helmore and Mark Rendell report. The province hasn’t taken its trade relationships for granted – for two decades, it has systematically pursued a trade diversification strategy that has given the small landlocked province of just 1.2 million people clout in major overseas markets, particularly in Asia.
While the government does its part to help diversify trade, the province’s success is ultimately built on a “mutual effort” between the public sector and private sector, Mr. Moe told The Globe and Mail.
“Whether it’s the mining industry or the ag industry – the pulse growers, for example – they very much understand the importance of that international engagement, international markets, and trying to do what they can to provide that market security,” he said.
Ticket prices for the FIFA World Cup run into the thousands of dollars. Watching soccer on TV isn’t exactly cheap, either. How much does it now cost for a Canadian fan to subscribe to a full year of the world’s top leagues on various streaming services?
a. $500
b. $750
c. $900
d. $1,200
c. A Canadian footie fan would have to pay about $900 a year to watch MLS, the Champions League and four of the top five European men’s domestic leagues. The cost of being a fan has soared over the past decade as television rights to various competitions have been scattered among legacy broadcasters such as Sportsnet and TSN, as well as newer platforms such as DAZN, Fubo and Apple TV.
Get the rest of the questions from the weekly business and investing news quiz here , and prepare for the week ahead with The Globe’s investing calendar.
