Ottawa has selected Germany’s TKMS as its preferred bidder for Canada’s massive new submarine contract, a generational defence purchase that could be worth up to $120B and signals a deeper bet on European and NATO ties. Plus, Rogers is buying the remaining stake in MLSE, giving it control of nearly every major Toronto sports property and raising fresh questions about what consolidation — and possible private equity investment — could mean for fans.
And in The Big Picture: Ontario and Alberta are pitching a new cross-country oil pipeline, Reddit is using AI to fight AI-generated marketing spam, and Alberta is issuing drilling permits at the fastest pace in more than a decade.