Latest Canada Headlines
All the headlines from our Canada Topic Page, ordered by recency.
Alberta Wildfires Shut About 7% of Canada’s Oil Production
Jun 3 2025 // Wildfires in Canada’s energy heartland of Alberta have shut down almost 350,000 barrels of daily heavy crude production — about 7% of the country’s output — as a major blaze near the province’s...
Northern US Mayors Call for End to ‘Irrational’ Trade War With Canada
Jun 2 2025 // Mayors in states that border Canada are calling for an end to President Donald Trump’s trade war with the country, saying it has harmed businesses and workers in their communities and upended one of the world’s...
Wildfires in Alberta Pose Growing Threat to Canada’s Oil
May 30 2025 // Wildfires are threatening about 5% of Canada’s crude output as a blaze in Alberta’s oil sands region spreads and approaches major production sites. A total of 26 out-of-control fires are burning in the province...
Definity’s Travelers Canada Deal Could Prompt Wave of Consolidation, CEO Says
May 29 2025 // Canadian property and casualty insurer Definity Financial’s $2.4 billion purchase of Travelers Cos.’ Canadian business could spur a wave of consolidation in Canada’s insurance sector, its CEO said. The...
Definity Financial to Buy Travelers Cos.’ Canadian Operations for $2.4 Billion
May 28 2025 // Travelers Cos. said on Tuesday it has agreed to sell its Canadian personal insurance business and majority of its commercial insurance operations in the country to Definity Financial in a deal valued at $2.4 billion. The...
People Moves: Willis Promotes Williamson as Canada Leader; HDI Global Taps RSA’s McDowell as Sales & Distribution Lead for International Programs and Captives
May 22 2025 // This edition of International People Moves details appointments at Willis in Canada and HDI Global in London. A summary of these new hires follows here. Willis Promotes Williamson as Canada Leader Willis, a WTW business,...
Markets/Coverages: AXIS Launches Cyber and Liability Policy for Canadian SMEs
May 5 2025 // AXIS Capital Holdings Ltd., the Bermuda-based specialty re/insurer, announced the launch of an insurance policy that offers customizable cyber and specialist liability coverage to companies in Canada with up to US$2...
Markets/Coverages: BHSI Updates Private Company Executive Lines Suite in Canada
Apr 29 2025 // Berkshire Hathaway Specialty Insurance (BHSI) has introduced an update to its Private Company Executive Lines suite of products in Canada and named Shaun Lue as private company leader. The new modular offering includes...
Canadian Exporters Inquire About Trade Credit Insurance as Trump’s Tariffs Raise Risk
Apr 11 2025 // A little-known insurance product is gaining traction in Canada as exporters seek to guard against losses and bankruptcies of their suppliers and customers due to U.S. President Donald Trump’s tariffs, insurers...
Family of Canadian CEO Killed in Helicopter Crash Files $35 Million Lawsuit
Mar 31 2025 // The family of Stephane Roy, a Canadian entrepreneur killed in a helicopter accident in 2019, has filed a C$50 million ($35 million) lawsuit against manufacturer Robinson Helicopter Co. Roy and his 15-year-old son Justin...
Swiss Re to Sell Entire 10.05% Stake in Canada’s Definity Financial for C$655 Million
Mar 19 2025 // Swiss Re is selling its entire 10.05% stake in Definity Financial, the Canadian property/casualty insurer, for C$655 million ($458.1 million) — a decision the reinsurer made after a review of its investment...
Canada Court Approves $23 Billion Settlement to End Big Tobacco Lawsuits
Mar 7 2025 // A Canadian court approved a plan to settle long-running tobacco lawsuits in the country as part of which the units of three Big Tobacco companies will pay C$32.5 billion ($22.67 billion), Philip Morris and British American...
Hazardous Cargo Secured From Ship Grounded on Canada’s East Coast
Mar 4 2025 // The hazardous cargo and fuel on a ship that ran aground in Canada last month has been contained, according to the company that manages the vessel. MSC Mediterranean Shipping Co. has also hired a salvage company and a...
Canada’s Axis Insurance Acquires Calgary-Based Fuse Insurance
Feb 25 2025 // Axis Insurance Managers Inc., the Vancouver, Canada-based insurance broker, announced the acquisition of Fuse Insurance, a Calgary-based, technology-driven commercial insurance brokerage. Founded in 2017, Fuse has built a...
Insured Losses From Calgary Hailstorm Reach C$3.25B as 2nd Costliest Canada Disaster
Feb 12 2025 // The tally for Calgary’s record-breaking hailstorm last August continues to rise, with total insured losses now estimated to be C$3.25 billion (US$2.2 billion), according to the Insurance Bureau of Canada, quoting...
Drought Leaves Canadian Farmers Unpaid, Reveals Holes in Safety Net
Feb 12 2025 // Canadian farmer Bill Prybylski planned to buy a new tractor with proceeds from crops sold to two grain companies in early 2024. He delivered the grain before both companies declared bankruptcy, leaving him short C$165,000...
Four Canadian Banks Quit Climate Group as Exodus Begun by Wall Street Picks Up
Jan 20 2025 // Four of Canada’s biggest banks are leaving the industry’s top climate-finance alliance, joining Wall Street peers and extending an exodus that started in early December. Canadian Imperial Bank of Commerce,...
Canadian Insured Losses From Catastrophic Events Total C$8.5 Billion in 2024: CatIQ
Jan 13 2025 // The magnitude of catastrophic events experienced across Canada in 2024 pushed the insured loss total for the region to C$8.5 billion (US$5.9 billion), according to Catastrophe Indices and Quantification Inc. (CatIQ),...
Arthur J. Gallagher & Co. Acquires Canadian Broker Encore Group
Jan 6 2025 // Arthur J. Gallagher & Co., the Rolling Meadows, Illinois-based insurance brokerage, announced the acquisition of Waterloo, Ontario-based Encore Insurance Services Inc., dba Encore Group. Terms of the transaction were...
Arthur J. Gallagher & Co. Acquires Brokerages in Canada and Australia
Dec 3 2024 // Arthur J. Gallagher & Co., the Rolling Meadows, Illinois-headquartered insurance brokerage, risk management and consulting services firm, announced the acquisition of a Canadian and Australian insurance brokerages. In...
