Category: 3. Business

The Canadian Food Inspection Agency has added several Peace by Chocolate and NuttyHero products to its ongoing recall of pistachios possibly contaminated with salmonella.

The latest recall published on Friday includes Peace by Chocolate bars and assorted chocolates sold across Canada.

They may have been sold individually or as part of a variety pack.

The affected products include Dubai Style Chocolate Pistachio and Kunafa Bar, The Peace Maker Specialty Bars, Trans Canada Trail — Peace Seeker, the Classic Box, the Proudly Canadian box and assorted filled chocolates.

Some of the Peace by Chocolate products appear to be custom labelled for companies, including TD, Dexterra, First Onsite Property Restoration and Tri-County Regional Centre for Education.

WATCH | Ottawa chocolatier describes impact of recall on business:

Local chocolatier describes impact of pistachio recall on business

Recent pistachio recalls are impacting businesses in Ottawa. Pistachio Choco’s owner and chocolatier says he’s constantly dealing with concerned customers.

The food inspection agency also added NuttyHero nut and seed butters — including maple cinnamon, coconut crunch and chocolate bliss flavours — to the recall list on Friday.

Hundreds of pistachios and pistachio-containing products have been recalled in Canada in recent months.

People who think they might have recalled products should throw them out and contact a health-care provider if they have become sick.

Food contaminated with salmonella may not look or smell spoiled but can still make you ill.

Symptoms can include fever, headache, vomiting, nausea, abdominal cramps and diarrhea.

Young children, pregnant women, seniors and people with weakened immune symptoms are especially at risk of serious illness.

The complete list of recalled products can be found by clicking on “pistachio” on the Canadian Food Inspection Agency’s recall website.

WASHINGTON — Today, President Trump published an order ordering the divestment by HieFo Corporation (“HieFo”), a Delaware corporation and foreign person of certain assets of EMCORE Corporation (“EMCORE”), a New Jersey corporation.  The assets that were the subject of the transaction comprised EMCORE’s digital chips and related wafer design, fabrication, and processing business, including a semiconductor manufacturing facility (the “EMCORE Digital Chips Business”).  

The Committee on Foreign Investment in the United States (“CFIUS” or the “Committee”) reviewed and investigated this transaction pursuant to Section 721 of the Defense Production Act of 1950, as amended (“Section 721”). CFIUS identified a national security risk arising from the transaction relating to potential access to EMCORE’s intellectual property, proprietary know-how, and expertise and to the potential diversion of supply of indium phosphide chips manufactured by the EMCORE Digital Chips Business away from the United States.  To address this risk, the President’s order directs HieFo to divest all interests and rights in the EMCORE Digital Chips Business.   

HieFo did not file the transaction with CFIUS until after CFIUS’s non-notified team investigated the transaction.  CFIUS’s non-notified function has been enhanced by authorities provided by Congress in FIRRMA and ongoing appropriations to support the Committee’s ability to identify and review non-notified transactions.  Parties to transactions should carefully consider whether or not any transaction they may be undertaking may be subject to CFIUS jurisdiction, including whether or not the transaction has a potential nexus to U.S. national security.

The CFIUS process focuses exclusively on identifying and addressing national security risks arising from a covered transaction.  CFIUS’s risk analysis involves consideration of the potential threat, vulnerability, and consequence of any given transaction.  CFIUS reviews each transaction on a case-by-case basis and considers the specific facts and circumstances relating to that transaction.  As such, the disposition of each CFIUS case is reflective only of CFIUS’s analysis of that specific transaction and not indicative of a general position on the transaction parties, countries, or industries involved.  CFIUS’s mandate to conduct case-by-case reviews is reflective of the U.S. Government’s commitment to maintaining its open investment policy while protecting U.S. national security.

View a copy of the President’s order.

ABOUT CFIUS

CFIUS is an interagency committee authorized to review certain transactions involving foreign investment in the United States and certain real estate transactions by foreign persons, in order to determine the effect of such transactions on the national security of the United States.  CFIUS is chaired by the Secretary of the Treasury and includes as members the Secretaries of State, Defense, Commerce, Energy, and Homeland Security, the Attorney General, the Director of the White House Office of Science and Technology Policy, and the U.S. Trade Representative.  The Director of National Intelligence and the Secretary of Labor participate as non-voting, ex-officio members, and the Secretary of the Department of Agriculture is a member when a case involves elements of the agricultural industrial base that have implications for food security.  

Treasury’s Office of Investment Security leads CFIUS’s efforts to identify transactions where no voluntary notice has been filed under section 721 of the Defense Production Act of 1950, as amended. If CFIUS determines that a non-notified transaction may be a covered transaction or covered real estate transaction and may raise national security considerations, the Committee may contact the transaction parties and request a CFIUS filing.  Members of the public may contact Treasury with any tips, referrals, or voluntary self-disclosures at CFIUS.tips@treasury.gov. 

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In a recent interview with Schwab Network, analysts discussed the potential impact of Microsoft Corporation (NASDAQ:MSFT) Azure on Alphabet Inc.’s (NASDAQ:GOOGL) Google AI business and why they think the Sundar Pichai-led company could be at risk.

On Wednesday, John Freeman, Co-Founder and Senior Analyst at Ravenswood Partners, highlighted the potential impact of Microsoft’s Azure on Google’s AI business, particularly in the context of the upcoming ChatGPT 6 and the Gemini 3. Johnson pointed out that Google’s traditional business model, which relies on providing links instead of giving direct answers, has been impacted by ChatGPT, and this shift could potentially cut into Google’s revenues.

“Anything on the margin that clips it, I think would really…hurt the stock,” he stated.

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Freeman expressed his preference for Microsoft over Google as a stock, citing Microsoft’s Azure as the leading AI cloud provider and its potential for future growth. He added that Microsoft’s Azure is not only the leading AI cloud provider but also has a strong influence on the developer community, which further strengthens its position in the AI market.

“And you don’t have the downside risk of generative AI disruption. I mean, you’ve got Microsoft 365 and Windows. Those are not likely to be disrupted by AI anytime soon,” he added.

Corey Johnson, chief market strategist at Epistrophy Capital Research, echoed Freeman’s opinion on Google and stated that what Google is doing with AI erodes the core offerings of its business of generating revenue through clicks.

“Their business is at inherent risk because of the cannibalization of AI,” he stated.

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The analysts’ observations align with recent developments in the AI space. Wedbush analyst Dan Ives says Wall Street is underestimating Microsoft, arguing the company is getting “no respect” despite being positioned for significant AI-driven growth in 2026, with its cloud business seen as a key winner in strategic AI deployments.

Meanwhile, Microsoft is ramping up its cloud and AI expansion with billions in global infrastructure investments, including its largest-ever commitment in Canada. The company plans to invest $19 billion CAD ($13.85 billion) between 2023 and 2027 to build new digital and AI infrastructure, boost data center capacity by late 2026, and advance digital sovereignty and AI skills across the country.