Glacier FarmMedia – The following is a glance at the news moving markets in Canada and globally.
– Canada’s foreign affairs minister Anita Anand announced on Wednesday the federal government will spend more than C$200 million on military equipment for Ukraine through the Prioritized Ukraine Requirements List set up by NATO and the United States. Established last summer, PURL allows Ukraine to identify its most glaring defence requirements, which are then approved by NATO each month and purchased from U.S. manufacturers or from existing U.S. stockpiles. In addition, C$35 million will be spent on non-lethal aid. NATO’s foreign ministers met in Brussels today to discuss a proposal drafted by the U.S. to end Russia’s invasion of Ukraine.
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Glacier FarmMedia — The following is a glance at the news moving markets in Canada and globally. – Prime…
– Chiefs for the Assembly of First Nations unanimously voted on Tuesday at a meeting in Ottawa to demand the withdrawal of the pipeline deal between the federal and Alberta governments. AFN delegates also passed an emergency resolution supporting the current ban on oil tankers on British Columbia’s West Coast, as well as recognizing the climate emergency and upholding the United Nations Declaration on the Rights of Indigenous Peoples. Prime Minister Mark Carney later appeared in the afternoon, answering questions from delegates and saying the pipeline can only be built by upholding Indigenous rights.
– Royal Bank of Canada reported on Wednesday a record profit of C$5.4 billion in the fourth quarter of 2025, up 29 per cent from the year before, topping income and revenue estimates. National Bank also reported a record fourth quarter profit of C$1.06 billion, one day after announcing it has purchased Laurentian Bank’s retail and small business segments.
– A B.C. Supreme Court judge allowed a class action lawsuit against Canadian National Railway and Canadian Pacific Kansas City to go ahead on Tuesday, saying there was “some basis in fact” that railway operations caused the devastating June 2021 fire in Lytton. The class is for those who suffered losses in the fire and sub-classes for family members of the two individuals who died. Most of the town was destroyed after temperatures hit nearly 50 degrees Celsius.
