News of the day: Canada’s GDP grows, Ottawa invests in Xanadu, the Warsh effect, the price of wrongful dismissal, saving tax on your portfolio and more

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Photo by Getty ImagesIt’s Friday, August 28. Here are the top stories we’re following today.THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLYSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.SUBSCRIBE TO UNLOCK MORE ARTICLESSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.REGISTER / SIGN IN TO UNLOCK MORE ARTICLESCreate an account or sign in to continue with your reading experience.Access articles from across Canada with one account.Share your thoughts and join the conversation in the comments.Enjoy additional articles per month.Get email updates from your favourite authors.THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one accountShare your thoughts and join the conversation in the commentsEnjoy additional articles per monthGet email updates from your favourite authorsSign In or Create an AccountStatistics Canada released revised data for the first quarter of 2026, showing the economy actually grew by 0.3 per cent. Previously, the agency reported annualized real gross domestic product had contracted by 0.1 per cent in that quarter, which had marked two consecutive quarters of negative GDP growth, meeting the technical definition of a recession. What will set the advanced manufacturing facility apart is its scale and function, said Xanadu Quantum Technologies Inc. founder and chief executive Christian Weedbrook. Photo by Galit Rodan/Bloomberg via Getty ImagesGet the latest headlines, breaking news and columns.By signing up you consent to receive the above newsletter from Postmedia Network Inc.A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of Top Stories will soon be in your inbox.We encountered an issue signing you up. Please try againThe federal government is investing $195 million in Toronto-based Xanadu Quantum Technologies Inc.’s advanced manufacturing facilities to help it build a quantum data centre and boost Canada’s cutting-edge technology supply chain, Ottawa announced on Friday. U.S. Federal Reserve Chairman Kevin Warsh at the Jackson Hole Economic Symposium Aug. 28, 2026 in Jackson Hole, Wyoming. Photo by Natalie Behring/Getty ImagesU.S. Federal Reserve Chair Kevin Warsh just called U.S. inflation “concerning,” and his concern has a way of becoming Canada’s concern. Bond markets took it badly, with U.S. five-year yields vaulting to a two-and-a-half-year high. The Royal Bank of Canada headquarters in the financial district of Toronto. Photo by Laura Proctor/BloombergEmployers too often investigate backwards. They decide that an employee has to go and then assemble a way to justify the decision, writes Howard Levitt. If your goal is reducing your annual tax bill, you may benefit from a strategy that uses asset location to guide asset allocation, experts say. Photo by Getty Images/iStockphotoFP Answers: People often need to weigh the benefits of realizing taxable income today against deferring taxes to the estate later.This advertisement has not loaded yet.Notice for the Postmedia NetworkThis website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. Read more about cookies here. By continuing to use our site, you agree to our Terms of Use and Privacy Policy.