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European Investment Bank applies for exemption from foreign bank status
EU Investment Bank looks to operate in Canada
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.
The bank and the Canadian government signed a letter of intent in March committing to look for new ways to work together in areas like critical minerals.
The goal of that letter is to help ensure stable supply chains for various minerals and metals used in the clean energy, tech and defence sectors.
The March letter says that while the arrangement does not create financial commitments, it was meant to start discussions on allowing the investment bank to operate in Canada.
This application comes ahead of the Canada-EU Summit in Montreal at the end of October, where Canada and the EU are expected to announce the next steps in a deepening partnership.
This report by The Canadian Press was first published Oct. 16, 2026.
By David Baxter | Copyright 2026, The Canadian Press. All rights reserved.
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Durham Region constable charged with assault over incident during arrest: police
Durham Region constable charged with assault
THE CANADIAN PRESS/Doug Ives
A Durham regional police officer has been charged with assault over an incident the force says happened during an arrest.
Police say Const. Brandon Welsh-Battiste faces one count of assault and has been released on an undertaking.
They say Welsh-Battiste has served three years with the force and has been reassigned to administrative duties until the court case is finished.
He will then face an internal investigation.
Police did not provide any details regarding the alleged assault.
Investigators are asking anyone with information about the case to come forward.
This report by The Canadian Press was first published Oct. 16, 2026.
Copyright 2026, The Canadian Press. All rights reserved.
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Police look to cause of fiery Calgary bus crash, try to identity third person killed
Cause of fiery Calgary bus crash unknown: police
Police are trying to determine the cause of a fiery bus crash in Calgary that killed three passengers and injured 16 others, including a police officer.
Two transit buses were involved in the chain-reaction crash with several other vehicles Thursday on a busy road in the city's northeast.
Police say the three who died were on a bus with natural gas tanks that ignited into flames and, within seconds, intensified and caused an explosion.
They say two of the victims have been identified and work to identify the third is ongoing.
The bus driver was able to escape, the driver of the other bus was taken to hospital with life-altering injuries, and the officer who rushed to help is recovering at home.
Calgary Mayor Jeromy Farkas has said the officer ran onto the burning bus to save a child.
Police say it's too early to determine whether impairment, speed or distraction contributed to the crash.
By Bill Graveland | Copyright 2026, The Canadian Press. All rights reserved.
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Trudeau & Poilievre Are Already Coming For Each Other & They're Not Holding Back
"Careless attacks don't add up to a plan."
Now that Pierre Poilievre has been named the new leader of the Conservative party on September 10, the barbed comments have already started flying between him and Prime Minister Justin Trudeau.
During the Liberal Caucus retreat in St. Andrews, New Brunswick, Trudeau remarked on Poilievre's victory, but also had a few pointed words on some of his views.
"I want to congratulate Mr. Poilievre on becoming the leader of His Majesty's Loyal Opposition," said the prime minister.
Trudeau went on to say that he plans on working with all parliamentarians, but pointedly added that "this doesn't mean that we won't be calling out highly questionable, reckless economic ideas."
"What Canadians need is responsible leadership...Buzz words, dog whistles and careless attacks don't add up to a plan for Canadians," said Trudeau.
"Attacking the institutions that make our society fair, safe and free is not responsible leadership."
Trudeau went through a number of things that constitute not "responsible leadership," such as recommending folks "opt-out of inflation" by investing in cryptocurrency and "fighting against vaccines."
All pointed remarks towards Poilievre's views. Over the years, Poilievre has called for more cryptocurrency in Canada and has even come out in support of the trucker protests that took place in January 2022.
Trudeau then directly addressed Poilievre's criticisms of government spending, saying that "being there for workers, for families, for seniors, for businesses and for all Canadians was the right thing to do."
Of course, Poilievre also took aim at Trudeau during his first speech as leader.
"I am issuing a challenge to Justin Trudeau today," said the new Tory leader.
"If you really care, commit today that there will be no new tax increases on workers and on seniors," said Poilievre.
"None."
He also called out the "radical, woke coalition" between the Liberals and the NDP — which is not technically a coalition but is a confidence and supply agreement.
"Conservatives will not support any new tax increases, and we will fight tooth and nail to stop the coalition from introducing any," added.