As the post-pandemic wedding boom picks up in Canada, so are bachelor and bachelorette festivities. The only problem? They’ve become more expensive than ever (thanks, inflation). 

The Canada Pension Plan Investment Board (CPPIB) posted a loss of 4.2% last quarter, or roughly $16 billion—that sounds bad, but it actually outperformed the market (the S&P/TSX Composite Index fell nearly 9% in the same time frame) and other Canadian pension plans.

The US Senate passed large parts of President Biden’s domestic agenda yesterday in a landmark bill that will spend almost US$400 billion on clean energy programs and put the White House’s climate goals within reach.

Why it matters: As a former Prime Minister once said, living next to the United States “is like sleeping with an elephant [...] one is affected by every twitch and grunt.” And hundreds of billions of dollars in new spending—quite a bit more than a twitch—is going to reverberate through Canada’s economy. 

Over 1,000 miners in Nunavut could be out of a job come September as a major mine that accounts for almost a quarter of the territory’s economy might be forced to shut down. 

CN Rail is predicting a rebound in grain shipments after a bad Canadian harvest last year—a 48% year-over-year increase in the tonnes of grain moved for the current crop year, in fact.