Canadian Financial News: January 8, 2026
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Canadian Financial News: January 8, 2026
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Recent reports from early 2026 highlight a complex financial landscape in Canada characterized by corporate growth and geopolitical volatility. Retailer Aritzia achieved record revenues exceeding $1 billion, while MDA Space secured a strategic American defense contract and Shopify prepared to lead a recovery in the technology sector. However, the Canadian dollar and energy stocks faced downward pressure due to U.S. foreign policy shifts aimed at lowering global oil prices. Domestically, Toronto proposed a modest property tax increase and transit fare freezes to mitigate rising living costs for residents.
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