Bay Street Edition

Carney’s Davos Bombshell Was Also a Message for Canada’s CEOs

Also: Sheer chaos at Lululemon

Canadian Prime Minister Mark Carney made waves with his speech during the World Economic Forum in Davos, Switzerland, declaring the “rules-based international order” is effectively dead. Photographer: Krisztian Bocsi/Bloomberg

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By Christine Dobby

January 23, 2026 at 3:52 PM UTC

Welcome to Bay Street Edition, our weekly newsletter devoted to what’s happening in Canadian finance, covering strategy, deals, people moves and economics.

I’m Christine Dobby, Bloomberg’s Toronto-based banking reporter, and you’ll find me in your inbox every Friday. This week, we’re talking about Carney’s Davos speech, Lululemon’s latest product fumble and TikTok’s Canadian reprieve. Plus: Meet you in the sauna?