The federal government is ordering the dissolution of TikTok's Canadian business after a national security review of the Chinese company behind the social media platform, but stopped short of ordering people to stay off the app.

"We'd be very surprised, very surprised, if this didn't turn out overall as a warm summer," Chris Scott, the Weather Network's chief meteorologist, said in an interview.

Federal officials estimate Google would need to offer $172 million and Facebook $62 million in annual compensation to satisfy criteria they're proposing be used to give exemptions under the Online News Act, a bill passed over the summer that will force tech companies to broker deals with media companies whose work they link to or repurpose.

Canada's heritage minister is leaving the door open to regulating new social media platform Threads under a bill forcing Google and Meta to pay publishers for content they link to or repurpose.

The decision of the three governments came after Meta promised to block Canadian news content on its Facebook and Instagram platforms in response to Canada's recently passed Online News Act.

"Twitter can be a powerful tool for our journalists to communicate with Canadians, but it undermines the accuracy and professionalism of the work they do to allow our independence to be falsely described in this way," CBC media relations director Leon Mar said in a statement Monday afternoon.

Provinces peppering the public with cash to deal with soaring prices compounds inflation rather than easing it, economists say.

When Gina Athanasiou's father died in 2016, she realized her mother, who bounced between Canada and Greece for most of her life, didn't have a pension large enough to cover the soaring costs of a Toronto home.

The data showed more than 1.2 million people, or 3.5 per cent of Canadians, lived in the downtown portion of one of the country’s 41 large urban centres in the spring of 2021.

Canada's federal government offered a lifeline to businesses struggling amid the latest wave of the COVID-19 pandemic by expanding eligibility for two benefit programs.