Today marks 25 years since the terrorist attacks of September 11, 2001. Nearly 3,000 people were killed that day, and we still feel the personal, political, economic, physical, and mental effects that have rippled out ever since. Our thoughts are with the victims, their loved ones, and everyone else mourning today.

– Kat Angus, Deputy Editor

The takeaway: Markets were closed for Labour Day, and maybe that’s a good thing, because the rest of the week wasn’t great. Canada’s retaliatory tariffs on US goods took effect on Tuesday and the price of oil continued to rise, thanks to (contain your shock) ongoing US-Iran conflicts near the Strait of Hormuz. Treasury yields hit a new high on Wednesday after the US Treasury tripled its bond buyback program, then hit a new high again on Thursday following new PPI data, with investors now preparing for a potential Fed rate hike. All four major indices closed lower on Thursday than they opened the week.

Get the champagne, roll out the red carpets, and get ready for some celebrity spotting: it’s time for… the Canada Investment Summit!

What, did you think we meant the Toronto International Film Festival? Heck no. This year’s TRUE hottest festival replaces indie films and movie stars with institutional investors and pension fund managers, and its producers (read: Carney, CPP Investments, and PSP Investments) are hoping for a box office of $1 trillion over the next five years. 

To get there, they’re hosting some 100 institutional investors representing over $100 trillion in capital for some high-stakes dealmaking at Toronto’s Four Seasons Hotel next Monday and Tuesday. On the docket are at least 160 projects outlined in a ‘prospectus’ document circulated to attendees earlier this week, which reportedly includes 11 oil and gas projects, 31 clean energy proposals, and 63 mining and metals prospects. Notable omissions include the Alto high-speed rail line and any Canadian airports – although as observers have pointed out, this list is not exhaustive, and plenty of side deals are expected to happen on the margins and behind closed doors. 

Carney himself is expected to play the role of pitcher-in-chief. He’ll be joined by several of his ministers and the premiers of 13 provinces and territories. In particular, Manitoba premier Wab Kinew reportedly plans to pitch an expansion of the arctic Port of Churchill to investors personally. As the film folks know well, a little star power goes a long way.

What this means…

The Bottom Line: Pivoting away from the US will be wildly expensive, so foreign investment is a necessity. But the caveats are many: we’ll need to attract those investors in the first place, while holding onto enough of the pie that we still own our country once all is said and done.

by Amarah Hasham-Steele

This is an excerpt of an article originally run in full on The Margin.

After years of studies about teen mental health, screen addiction, and data privacy, social media regulation for kids is actually underway. At the end of August, Meta agreed to pay up to US$18 billion to settle claims the company designed Facebook and Instagram to be addictive to children and misled the public about it. "Meta intentionally exploited kids for profit and then lied about it," D.C. Attorney General Brian Schwalb said in a statement. The settlement also requires Meta to introduce more safeguards for teens using the apps, including two-hour daily time limits, restricted access overnight, better age verification measures, and limits on 'like' counts and other features designed to make users compare themselves to others. However, the full US$18 billion will only be paid out if Meta competitors TikTok and YouTube adopt similar measures.

Even if this is a reckoning for Meta (and that's debatable), it comes about 15 years late – and it targets problems that are practically old news at this point, while Meta and other tech giants hype up the future of AI.

Read more

Kat Angus, Deputy Editor: After getting shelved in 2023 by Warner Bros as a tax write-off, Coyote vs. Acme found a new distributor and finally hit theatres on Aug. 28, 2026. The response has been overwhelmingly positive: 95% on Rotten Tomatoes and US$15.9 million in its opening weekend, second only to Spider-Man: Brand New Day. Ticket sales fell just 29% in its second week and it’s brought in more than US$50 million globally so far, suggesting this Road Runner could keep going, and going, and going. The movie still needs about US$120 million to break even, but that’s not such a high bar, given this year's other word-of-mouth hits like Obsession and Backrooms.

I saw Coyote vs. Acme last week and thought it was even better than the reviews and numbers let on. The gags are smart and silly, acknowledging how the world's changed since Looney Tunes debuted in 1930 while still holding affection for its iconic characters. Truly, we are all Wile E. Coyote, and trying and failing will always beat giving up. I'm serious: If your eyes don't tear up at least once during this film, you have a pile of dead spiders where your heart should be. 

The petty part of me also wants Warner Bros Discovery CEO David Zaslav to regret writing off Coyote vs. Acme. A movie’s value can be far more than its box office returns alone, but it would be really satisfying to see this once-discarded gem rake in a lot of cash, too.

From The Margin group chat:

If you liked this newsletter, hated this newsletter, or are totally indifferent to it, hit the reply button and tell us why! We’re so lonely.

This week’s contributors: Tyler Haw (audience engagement), Amarah Hasham-Steele (staff writer), Shazia Khan (social media strategy manager), Anthony Milton (content lead), Martin Molpeceres (social video producer), Kat Angus (deputy editor), and Eric Wainwright (editor in chief).

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