Puck portfolios 🏒- A new NHL investment product, The world can’t get enough of Canada’s water bombers.

Volatility Shares wants to launch ETFs that let investors bet on the performance of NHL teams, turning sports fandom into a tradable product that could fit inside registered accounts and blur the line between investing and gambling.

Plus, Calgary-based De Havilland is weighing a second production line for Canadair water bombers as demand surges from countries facing worsening wildfires, potentially making the aircraft a bigger piece of Canada’s critical infrastructure and defence strategy.

And in The Big Picture: Alibaba’s AI models hit 3 billion downloads, Ontario and Ottawa put $1 billion toward housing infrastructure, Quebec and Newfoundland near a new power deal, and Stripe finalizes a major OpenRouter acquisition.

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