News of the day: Trade deal in limbo, 'excessive' tax breaks, AI threats, giving up homeownership, business debt and more

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Access articles from across Canada with one account Share your thoughts and join the conversation in the comments Enjoy additional articles per month Get email updates from your favourite authors Sign In or Create an Account or Industry groups urged Canadian and U.S. officials to get back to the negotiating table on trade, warning a House of Commons committee that prolonged uncertainty may have irreversible consequences for economic growth. Mineral exploration and development expenditures in Canada have both increased in recent years. Photo by MATHIEU DUPUIS/SAYONA/AFP via Getty Images files Get the latest headlines, breaking news and columns.

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The next issue of Top Stories will soon be in your inbox. We encountered an issue signing you up. Please try again Canada’s zeal to grow its critical mineral and mining sector has led to an “excessive” number of tax incentives, which risks distorting the economy by funnelling investment into marginal projects, says a new research paper.

Despite concerns, Peter Routledge said he’s satisfied with how prepared Canada’s banks are to tackle AI-related threats, though not all institutions are at the same level. Photo by Galit Rodan/Bloomberg via Getty Images Threats linked to artificial intelligence were not one of the top concerns for Canada’s banking regulator in April, when it released its annual risk outlook, but a series of incidents in the past six months have now led it to elevate the risks that financial institutions face due to AI. More than 70 per cent of Canadians surveyed believe there are too few affordable homes available to buy.

Photo by Laura Proctor/Bloomberg files Housing costs are making Canadians rethink homeownership, with many already giving up on the idea of ever owning a home. As a sole proprietor you are responsible for these debts, even if the accounts were only used for business expenses, expert says. Photo by erhui1979/Getty Images Your business may be closed, but you still have debt options.

Acting now gives you the best chance of finding a solution that is both manageable and sustainable, expert says. Join the Conversation This website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. Read more about cookies here .

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Source: Financial Post