Bay Street Edition

Carney Plans to Give Canada’s Banks More Freedom to Invest

Also: The Thomsons are poised for a big payout

Prime Minister Mark Carney, pictured with trade union leaders, wants to get investment flowing in Canada. This week’s federal economic update includes a promise to let banks invest in companies that aren’t solely focused on finance.Photographer: David Kawai/Bloomberg

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By Christine Dobby

May 1, 2026 at 3:36 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 looser rules for bank investments, how loan guarantees are helping Indigenous dealmaking and the Thomson family’s latest windfall. Plus: What could we add to this sugary drink to make it even better?