Bay Street Edition

Honda’s EV Retreat Is Another Free-Trade Reality Check for Canada

Also: Millennials in the basement

Justin Trudeau, Canada’s prime minister at the time, looks on as Honda CEO Toshihiro Mibe announces a huge investment in electric vehicles in Canada in 2024. That investment is now on hold.Photographer: Laura Proctor/Bloomberg

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By Christine Dobby

May 8, 2026 at 3:00 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 the rumor that’s rattling the Canadian auto industry, a $20 billion letter from TD Bank and millennials sleeping in the spare room. Plus: Schmoozing matters.