Canadian e-commerce platform powering 5M+ customers and countless creators
A set of contemporary business stories shows founders transitioning from tech to hospitality and entrepreneurs navigating the capital’s evolving consumer scene, as new ventures search for profitability amid shifting demand. Reports detail restaurants drawing Turkish patrons during a World Cup event, a tech veteran launching halal barbecue in Dallas, and a reflective look at dining culture in major U.S. cities.
Shopify has reported strong quarterly results as AI-enabled tools drive traffic and orders to its platform, with AI search helping smaller brands compete. Revenue and GMV beat expectations, while concerns over AI-related costs and margins persist.
Canada and the United States have resumed intensive talks to avert steep US tariffs that could take effect this week. Ottawa has offered concessions, including removing a retaliatory auto tariff, while Washington has pressed provinces to lift bans on US alcohol and pushed demands on market access and content rules for autos. Negotiators are still finalising details.
Bob Iger and Josh Kushner have agreed to buy the Los Angeles Lakers from Mark Walter in a transaction valuing the franchise at about $12.5 billion. The sale has been announced this week, requires approval from the NBA Board of Governors and is subject to due diligence and Kushners divestment of a Miami Heat stake.
Lego has reported a 21% rise in revenue for the first half of 2026, reaching 41.9 billion Danish kroner, with profits up and a broad product line expanding among adults and kids. The company is investing in sustainability, renewable energy, and packaging changes while expanding in the U.S. with new facilities.
More than 100 companies, led by OpenAI and Anthropic, have published an open letter saying AI-enabled cyberattacks will become far more widespread and sophisticated in coming months. The signatories call for defensive AI tools, shared threat intelligence, urgent government funding and coordinated testing to protect hospitals, utilities and internet infrastructure.