{"id":688703,"date":"2026-05-23T14:33:11","date_gmt":"2026-05-23T14:33:11","guid":{"rendered":"https:\/\/www.newsbeep.com\/ca\/688703\/"},"modified":"2026-05-23T14:33:11","modified_gmt":"2026-05-23T14:33:11","slug":"tim-hortons-announces-80-new-locations-crtcs-new-canadian-streaming-rules-and-newfoundlands-energy-deal-with-quebec-business-and-investing-stories-for-the-week-of-may-23","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ca\/688703\/","title":{"rendered":"Tim Hortons announces 80 new locations, CRTC\u2019s new Canadian streaming rules and Newfoundland\u2019s energy deal with Quebec: Business and investing stories for the week of May 23"},"content":{"rendered":"

Open this photo in gallery:<\/a><\/p>\n

Newfoundland and Labrador Premier Tony Wakeham at a news conference in St. John\u2019s on Tuesday.Paul Daly\/The Canadian Press<\/p>\n

Getting caught up on a week that got away? Here\u2019s your weekly digest of The Globe\u2019s most essential business and investing stories, with insights and analysis on the biggest headlines, stock tips, personal finance strategies and more.<\/p>\n

Newfoundland Premier seeks new deal with Quebec on Churchill River energy<\/p>\n

Newfoundland and Labrador Premier Tony Wakeham said he wants to strike a new deal<\/a> with Quebec on Churchill River power, forcing a renegotiation of an agreement trumpeted by the two provinces less than two years ago, Nicolas Van Praet reports. <\/p>\n

Mr. Wakeham told reporters at a Tuesday news conference that his government rejects the memorandum of understanding (MOU) on energy co-operation with Quebec that was signed by his predecessor in December, 2024. He said the government agrees with the conclusions of an independent committee, which reviewed the deal, that the MOU in its current form is not in the public interest. <\/p>\n

Under the agreement, Newfoundland would win significantly more revenue for electricity generated at the existing Churchill Falls station, as Quebec increases the price it pays for the energy. It would also lay out a partnership between Hydro-Qu\u00e9bec and Newfoundland and Labrador Hydro for three new production projects along the river.<\/p>\n

Quebec Premier Christine Fr\u00e9chette signalled she\u2019s open to renegotiating the MOU, saying she spoke to Mr. Wakeham and will meet with him in the near future.<\/p>\n

Newfoundland and Labrador Premier Tony Wakeham invites Quebec back to the bargaining table after a panel recommended changes to a draft energy deal between the provinces. Wakeham hopes Ottawa will help those talks.<\/p>\n

The Canadian Press<\/p>\n

CRTC raises Canadian content funding requirement for streamers, in move that could deepen U.S. riftOpen this photo in gallery:<\/a><\/p>\n

A holiday movie set in Almonte, Ont., in 2024. Under new rules, streamers – many of them based in the U.S. – will need to pay more money into supporting Canadian content.DAVE CHAN\/Getty Images<\/p>\n

The Canadian Radio-television and Telecommunications Commission (CRTC) is implementing new rules for online streaming services, such as Netflix, that will force them to devote more of their revenues to Canadian and Indigenous content, Irene Galea and Josh O\u2019Kane report.<\/p>\n

The broadcast regulator\u2019s new policies will require streamers to use 15 per cent of their Canadian revenue to support domestic programming \u2013 a major jump from the 5-per-cent baseline requirement announced in 2024. Meanwhile, the CRTC lowered the minimum rate for traditional broadcasters to 25 per cent.<\/p>\n

The new framework comes three years after<\/a> Ottawa passed the Online Streaming Act, requiring the CRTC to impose spending requirements on streamers \u2013 which the Trump administration has cited as a trade irritant. It is one of several Canadian policies expected to be targeted by the U.S. in the upcoming review of the United States-Mexico-Canada Agreement.<\/p>\n

Tim Hortons ramps up expansion with plans for 80 new locations in CanadaOpen this photo in gallery:<\/a><\/p>\n

A Tim Hortons in Toronto on Thursday. The chain\u2019s parent company plans to build 80 new locations by the end of this year.Sammy Kogan\/The Globe and Mail<\/p>\n

Restaurant Brands International Inc. plans to build 80 new Tim Hortons locations<\/a> by the end of this year, and to renovate another 400 in that same period , Susan Krashinsky Robertson reports. The total investment will represent $130-million by Restaurant Brands and another $270-million by its franchisees.<\/p>\n

\u201cOur restaurant count has been fairly static since 2019, and the Canadian population has grown about 10 per cent since then,\u201d Tim Hortons chief operating officer Naira Saeed said in an interview. \u201cAnd so we\u2019ve been trying to figure out where the folks are, what are the communities that are currently underserved.\u201d<\/p>\n

The company is announcing the plans as the market for coffee, doughnuts and breakfast offerings is heating up. Montreal-based Foodtastic Inc. announced plans to revive the Dunkin\u2019 brand in Canada<\/a>, and to open hundreds of stores in the coming years.<\/p>\n

Sherritt signs deal that would give majority ownership to a former Trump officialOpen this photo in gallery:<\/a><\/p>\n

Ray Washburne’s Texas-based Gillon Capital would gain majority ownership of Sherritt if the deal goes ahead.Evan Vucci\/The Associated Press<\/p>\n

Canadian miner Sherritt International was forced to suspend its operations in Cuba in February after the United States imposed hefty sanctions on the country. Now, the Toronto-based company said it is nearing a sale<\/a>, Jameson Berkow reports. <\/p>\n

Sherritt said Wednesday it had signed a non-binding share purchase warrant agreement with Gillon Capital LLC. If exercised within nine months of the deal closing, the warrant would give Gillon a 55-per-cent ownership stake in the company. Gillon Capital is the investment vehicle of the Washburne family, which includes Ray Washburne, a real estate investor and former Trump administration official.<\/p>\n

Sherritt operates a nickel and cobalt refinery in Fort Saskatchewan, Alta., where the raw materials extracted from Cuba are refined. Sherritt has previously said the refinery\u2019s metal supply is expected to run out by mid-June.<\/p>\n

Prediction markets are coming to Canada \u2013 and young investors are already betting on themOpen this photo in gallery:<\/a><\/p>\n

Jake Chung, 21, of Bellevue, Wash., is an undergraduate student studying finance who has been trading on prediction markets for income.M. Scott Brauer\/The Globe and Mail<\/p>\n

Online brokerages and fintech firms, such as Wealthsimple and Interactive Brokers Canada, are pushing to bring prediction trading \u2013 online platforms where users can trade on, well, anything \u2013 to Canada. <\/p>\n

Investors north of the border have been accessing U.S.-based prediction market platforms such as Polymarket and Kalshi through virtual private networks, or VPNs, that disguise their location. At the same time, waves of young do-it-yourself investors have moved from meme stocks to cryptocurrency and now prediction markets, chasing faster gains in an economy where traditional paths to wealth feel increasingly out of reach.<\/p>\n

Meera Raman spoke to lawyers and young traders about the discipline and risk that goes into successful prediction trading. For example, Jake Chung, a 21-year-old student in Bellevue, Wash., built an artificial intelligence model that scans sports broadcasts to help him predict, and wager on, whether certain words will be spoken during future games. Earlier this year, he placed a trade on whether the word \u201cJordan\u201d would be mentioned in a sports broadcast. It was, and he made more than US$300 in seconds.<\/p>\n

The result is a tricky balancing act for Canadian regulators, which must now determine how to safely introduce a fast-growing financial product at a moment when many younger investors are already embracing riskier forms of trading. But prediction trading is already here, and its expansion in Canada feels inevitable. The question is: Are we ready?<\/a> <\/p>\n

(On Thursday, May 28 at 11 a.m. ET, Meera Raman will answer reader questions about the budding prediction market in Canada. Submit your questions here.<\/a>)<\/p>\n

\nThis was the week when we all started to wonder how much soccer is too much after we learned that Canadian taxpayers are putting up more than $1-billion for the dubious privilege of co-hosting this summer\u2019s World Cup. How much in public funding does that work out to per game?\n <\/p>\n

a. Between $20-million and $50-million<\/p>\n

b. Between $50-million and $80-million<\/p>\n

c. Between $80-million and $100-million<\/p>\n

d. More than $100-million<\/p>\n

b. Taxpayers are shelling out about $82-million in funding per game in Canada, according to an analysis released this week<\/a> by the Parliamentary Budget Officer. What remains unclear is exactly what benefits Canada is getting in return for subsidizing FIFA, the governing body of international football and one of the world\u2019s richest sports organizations. The cities that are most affected have gone out of their way to keep the key documents secret.<\/p>\n

Get the rest of the questions from the weekly business and investing news quiz here<\/a>, and prepare for the week ahead with The Globe\u2019s investing calendar<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"Open this photo in gallery: Newfoundland and Labrador Premier Tony Wakeham at a news conference in St. John\u2019s…\n","protected":false},"author":2,"featured_media":688704,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[1397,10456,10457,9335,10458,49,48,44,2922,5756,2785],"class_list":["post-688703","post","type-post","status-publish","format-standard","has-post-thumbnail","category-canada","tag-appwebview","tag-aud-growth","tag-aud-headline","tag-aud-url","tag-business-roundup","tag-ca","tag-canada","tag-news","tag-noastack","tag-yesapplenews","tag-yessnap"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/688703","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=688703"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/688703\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/688704"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=688703"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=688703"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=688703"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}