Press Digest: Canada - May 22

Xanadu Quantum Technologies

22/05/2026 15:10

May 22 (Reuters) - The following are the top stories from selected Canadian newspapers. Reuters has not verified these stories and does not vouch for their accuracy.

THE GLOBE AND MAIL

- The U.S. government's decision to freeze a joint defence board with Canada was prompted by Ottawa's lack of a detailed strategy for increasing military spending to 5 per cent of GDP by 2035 and by its reconsideration of a plan to purchase American-made F-35 fighter jets.

Tim Hortons plans to build 80 new locations by the end of this year, and to renovate another 400 in that same period – representing a total investment of $130 million by Restaurant Brands and another $270 million by its franchisees.

Xanadu Quantum Technologies XNDU.TO has struck a deal to raise up to $300 million from an affiliate of a New Jersey investment firm with strong ties to the family of U.S. President Donald Trump.

 (Compiled by Bengaluru newsroom)

 ((globalnewsmonitoring@thomsonreuters.com))