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The European Investment Bank has applied for an exemption from foreign bank status in Canada, a move that would bring the lending arm of the European Union one step closer to operating here.

The request was published today in the Canada Gazette, the government's weekly publication listing new regulations and official notices.

Industry Minister Mélanie Joly says the U.S.-based owner of Stelco must uphold job commitments it made when it purchased the Ontario-based steelmaker or risk being forced to sell its Canadian assets. 

In a speech at the Canadian Club in Toronto on Friday, she also raised the possibility of the federal government taking equity positions in strategic industries.

A judge has found a youth guilty of two terrorism-related charges stemming from an alleged 2023 plan to kill Jewish people in Ottawa.

Ontario Superior Court Justice Kerry McVey found the young person guilty of conspiracy to commit murder through involvement with a terrorist group, and of facilitating terrorist activity by seeking to acquire a prohibited firearm.