Here are five things you need to know this morning
Trump Greenland deal claim questioned: There is plenty of confusion today after U.S. President Trump announced on social media that the U.S. had a framework agreement on the future of Greenland. NATO’s chief, Mark Rutte, says the ‘breakthrough’ did not involve discussion about the island’s sovereignty. Rutte says the talks were instead focused on broader security issues in the Arctic “in a practical sense.”
Carney returns to Canada: Prime Minister Mark Carney is gathering his cabinet in Quebec City today for two days of meetings focused on the economy, affordability and security. The cabinet retreat begins the day after Carney’s return from a nine-day overseas trip to drum up new investment for Canada. It also comes just ahead of the return of Parliament on Monday. Experts say the retreat is an opportunity for the government to discuss internal issues — like interprovincial trade and major projects — though much like at the World Economic Forum in Switzerland, U.S. President Donald Trump, tariffs, and Greenland will likely dominate much of the discussion.
TikTok to continue Canadian operations: TikTok will be able to continue operating its subsidiary in Canada for now, with the federal government’s blessing, after a judge shelved a previous order for it to wind down. In November 2024, under former prime minister Justin Trudeau, Canada ordered ByteDance to close its subsidiary TikTok Technology Canada. But on Wednesday, that order was set aside by the federal court, after a motion made by Ottawa in TikTok’s appeal.
Toys ‘R’ Us Canada lawsuits: Toys “R” Us Canada is facing at least seven lawsuits from landlords who say they’re collectively owed over $30 million in unpaid rent and other damages from the struggling retailer. Documents filed with an Ontario court claim the toy store chain failed to pay rent for several of the properties it occupied in 2024 and 2025, sparking lawsuits. The spaces were owned by landlords Riotrin Properties and Calloway Real Estate Investment Trust.
General Fusion going public: Vancouver-based General Fusion Inc. is going public on the NASDAQ exchange. The company plans to combine with a shell company in a deal that’s expected to create one of the first publicly traded nuclear fusion technology developers. General Fusion will use the proceeds to fund its magnetized target fusion system, with the goal of completing a commercial power plant in the mid-2030s. Fusion companies are seeking to harness the energy that’s created when small atoms fuse into larger ones. The process offers the potential for abundant, clean electricity but comes with daunting engineering and physics challenges, and a commercially viable system has yet to be demonstrated.
