# News of the day: Trade deal in limbo, 'excessive' tax breaks, AI threats, giving up homeownership, business debt and more > Source: > Published: 2026-10-08 21:26:41+00:00 # News of the day: Trade deal in limbo, 'excessive' tax breaks, AI threats, giving up homeownership, business debt and more It's Thursday, Oct. 8. Here are the top stories we're following today. **Business groups warn of irreversible economic consequences if trade deal remains in limbo** Industry groups urged Canadian and U.S. officials to get back to the negotiating table on trade, warning a House of Commons committee that prolonged uncertainty may have irreversible consequences for economic growth. **Canada's 'excessive' tax breaks for mining sector risk distorting the economy, warn economists** Canada's zeal to grow its critical mineral and mining sector has led to an "excessive" number of tax incentives, which risks distorting the economy by funnelling investment into marginal projects, says a new research paper. **AI threats weren't a top concern for Canada's banking regulator, but a lot has changed in 6 months** Threats linked to artificial intelligence were not one of the top concerns for Canada's banking regulator in April, when it released its annual risk outlook, but a series of incidents in the past six months have now led it to elevate the risks that financial institutions face due to AI. **Canadians most likely to give up on homeownership, survey says** Housing costs are making Canadians rethink homeownership, with many already giving up on the idea of ever owning a home. **Back injuries and tariffs forced me to shutter my business. Do I still owe that debt?** Your business may be closed, but you still have debt options. Acting now gives you the best chance of finding a solution that is both manageable and sustainable, expert says.