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Singapore firm set to buy shut Yukon mine for $140M, promises $1.4B in investment
Singapore-based company set to buy shut Yukon mine
THE CANADIAN PRESS/Adrian Wyld
A Singapore-based mining company has entered an agreement to acquire the beleaguered Eagle Gold mine in the Yukon for $140 million, more than two years after it was shut down following a massive collapse, with plans to invest a further $1.4 billion in operations and other costs.
A statement from Boroo Pte. says that if the deal is approved by the court, it would come with planned capital investment of about $800 million between 2027 and 2029 for environmental rehabilitation, water treatment infrastructure, geotechnical stabilization, and "phased restart activities."
The company says it would also spend more than $600 million over the initial life of the mine "to support and extend mining operations."
The 2024 failure at Eagle Gold's heap-leach facility released about two-million tonnes of cyanide-laced ore and water into the environment, leading to control of the mine being taken over by a court-appointed receiver.
Boroo says that since it entered an exclusivity agreement in April to potentially buy the site it has deployed "substantial technical, environmental, and financial resources" and come up with its own plan aimed at "stabilizing the site, completing environmental remediation activities and restarting the mine."
The Yukon government is expected to hold a news conference and Boroo's statement says the plan is to ask a judge approve the proposed transaction this December.
This report by The Canadian Press was first published Oct. 22, 2026
Copyright 2026, The Canadian Press. All rights reserved.
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Canada Post CEO touts hints of recovery even as financial woes persist
Canada Post CEO touts hints of financial recovery
THE CANADIAN PRESS/Justin Tang
The head of Canada Post says it is showing “early signs” of financial recovery despite falling revenue and bigger losses in the first half of the year.
CEO Doug Ettinger says the postal service is winning back some of the parcel delivery market that has slipped away since 2019 as it continues with shipping discounts for small businesses and pushes a new online marketplace for them to sell products directly to consumers.
However, he says Canada Post remains “overbuilt” in cities and must be smaller in those urban areas in the future.
Switching the remaining four million addresses that still enjoy doorstep delivery to community mailboxes within about five years marks a key pillar of Canada Post’s plan to overhaul its business model in the face of declining letter mail and mounting financial losses.
The Crown corporation is launching an online tool Thursday that lets customers with door-to-door delivery enter their postal code to see when their area is slated for conversion to a community mailbox, with the first in more than 10 years completed a few days ago in Winnipeg and Sept-Îles, Que.
In August, Canada Post reported losses of $277 million before taxes for the second quarter of the year, marking an improvement from the $407 million in pre-tax losses a year earlier.
This report by The Canadian Press was first published Oct. 22, 2026.
Copyright 2026, The Canadian Press. All rights reserved.
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Canada Pension Plan payments for October are going out soon and max amounts are over $1,500
You can expect a direct deposit or cheque.
Roman Romaniuk | Dreamstime
Canada Pension Plan (CPP) payments for October will be issued to eligible individuals soon.
The maximum amounts are more than $1,500, and the average amounts are more than $850!
Service Canada administers this federal benefit through direct deposits and paper cheques.
If you're eligible for the government payment, you can expect to receive money near the end of the month.
Here's what you need to know about CPP, including eligibility, payment amounts, the October payment date, and more.
What is the Canada Pension Plan?
CPP is a monthly retirement pension that's meant to replace part of your income when you retire.
It's a taxable benefit that can also include disability, children's and survivor benefits.
If you qualify for this retirement pension, you'll receive CPP payments for the rest of your life.
Who is eligible for the Canada Pension Plan?
To be eligible to receive CPP, you must:
- be at least 60 years old
- have made at least one valid contribution to the CPP
A valid contribution can be from work you did in Canada or from credits received from a spouse/common-law partner after a divorce or separation.
If you're eligible, you won't automatically get CPP payments. You must apply online through your My Service Canada Account or by mail with a paper form.
The standard age to start CPP is 65, but you can start as early as age 60 or as late as age 70.
Service Canada said starting earlier means smaller monthly payments, and starting later means bigger monthly payments. But there is no benefit to waiting until after age 70 because the maximum monthly amount is reached once you turn 70.
If you apply after age 65, you can request a retroactive start date, which could be as early as 11 months before your application is received, but no earlier than the month after your 65th birthday.
How much money can you get from Canada Pension Plan payments?
The amount of money you get from the pension depends on the age you start receiving it, how much you contributed to the CPP, how long you contributed to the CPP, and your earnings throughout your working life.
The maximum CPP payment amount for 2026 is $1,507.65 per month.
In October, the average CPP payment for new beneficiaries at age 65 is $858.34 per month.
Your retirement pension won't be reduced even if you're still working while receiving CPP.
When is the next Canada Pension Plan payment date?
The next CPP payment date is Wednesday, October 28, 2026.
How do you receive Canada Pension Plan payments?
Service Canada issues CPP payments via direct deposit or cheque.
Your payment will be deposited into your bank account if you have direct deposit set up with Service Canada.
If you don't have direct deposit as your preferred payment method, your CPP payment will be mailed as a paper cheque during the last three business days of the month.
Payments are issued on the scheduled dates each month, but can take a few days to arrive. Since cheques are sent by mail, it can take longer than with direct deposit for you to get money.
You can sign up for direct deposit with Service Canada at any time.
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