News of the day: Canada’s GDP grows, Ottawa invests in Xanadu, the Warsh effect, the price of wrongful dismissal, saving tax on your portfolio and more
It’s Friday, August 28. Here are the top stories we’re following today.
Statistics Canada released revised data for the first quarter of 2026, showing the economy actually grew by 0.3 per cent. Previously, the agency reported annualized real gross domestic product had contracted by 0.1 per cent in that quarter, which had marked two consecutive quarters of negative GDP growth, meeting the technical definition of a recession.
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The federal government is investing $195 million in Toronto-based Xanadu Quantum Technologies Inc.’s advanced manufacturing facilities to help it build a quantum data centre and boost Canada’s cutting-edge technology supply chain, Ottawa announced on Friday.
5News aggregated this summary from the outlet’s public feed. The full article, with all the context, is on financialpost.com — the content belongs to Financial Post.
