Skip to main content

Featured

5 Things to Know Today — Oil Diplomacy, TSX Rally, Carney at UNGA, Bond Yields, Canada's AI Gap (Sept. 23, 2026)

  Wednesday, September 23, 2026  |  MoneySavings.ca Oil is pulling back. The TSX is rebounding. Carney is talking deals in New York. And two under-the-radar stories — bond yields creeping up and a warning about Canada's AI ambitions — could quietly reshape your finances. Here's what matters today. 01 of 05 Oil Drops Below $92 as US–Iran Talks Begin at the UN WTI crude pulled back toward $90 per barrel Wednesday — its lowest level since early September — as diplomacy replaced missiles at the United Nations General Assembly in New York. US envoys Jared Kushner and Steve Witkoff spent three hours in shuttle talks with Iranian officials on the UNGA sidelines, just hours after President Trump threatened Iran with "annihilation" in his address to the General Assembly. Iran had offered to reopen the Strait of Hormuz within seven days if the US agreed to ease its naval blockade. Brent settled down roughly 3–4%, snapping five days of decline but still elevated from pre-conflic...
Post a Comment
Read more

article

Labels

Ignace Chosen as Site for Canada's Underground Nuclear Waste Repository


A region in northern Ontario has been selected as the site for Canada's underground nuclear waste repository. The Nuclear Waste Management Organization (NWMO) announced that the Township of Ignace and the Wabigoon Lake Ojibway Nation have agreed to host the $26-billion project.

The decision comes after a 14-year site selection process that began in 2010 with 22 potential locations. The site selection was narrowed down to two finalists in Ontario: Ignace and South Bruce. The NWMO ultimately chose Ignace after both the municipality and the nearby First Nation expressed their willingness to move forward.

The deep geological repository will be located about 650 to 800 meters underground, encased in solid rock with engineered barriers to ensure the safe storage of nuclear waste for thousands of years. The project is expected to take approximately 20 years to complete, including regulatory approvals and construction.

Federal Energy and Natural Resources Minister Jonathan Wilkinson expressed his gratitude to the communities involved in the selection process and emphasized the importance of the project for Canada's climate change goals.

The NWMO will now begin the regulatory approval process, which is estimated to take about 10 years, followed by another 10 years of construction. The used fuel is expected to be loaded into the repository over a period of 50 to 60 years.




Labels:

Comments

Post a Comment