Global Scans · Canada · Weekly Summary

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WHAT'S NEXT?: The U.S. and Canada's new governments will have their work cut out dealing with potential changes to their trade agreements while simultaneously Canada will be anxious to implement CETA with the EU.

• [New] A boosted Canada Carbon Rebate (formerly the Climate Action Incentive Payment) will land in Canadians' bank accounts Monday after a contentious increase to the carbon price at the beginning of the month. Toronto Star
• [New] Given the current pace of change, Global Affairs Canada should increase its ability to anticipate and analyze global trends that matter for Canada and prepare policy prescriptions to address them and protect Canadian interests. GAC
• [New] The Security Credential Management System will allow industry to design connected vehicles while following harmonized standards between Canada and the United States, and reduce manufacturing costs. Transport Canada
• [New] Transport Canada will continue to engage national stakeholders on key issues related to automated vehicles and connected vehicles, with a view to supporting the development of new regulations that accommodate automated vehicles and connected vehicles. Transport Canada
• [New] The Government of Canada has a significant opportunity to lead by example by making its operations low-carbon and strengthening the resilience of its assets, operations and services. Transport Canada
• [New] Similarly in Canada, in Alberta, the carbon price by 2030 would have made coal four times more expensive for electrical generation. CleanTechnica
• [New] Canada's National Quantum Strategy, released last year, identified quantum science as having the potential to transform how people work and live. Waterloo News
• [New] The Bank of Canada will want to be a bit more cautious on its rate cut timing if it appears American monetary policy will be on hold for longer than previous thought. Global News
• [New] Because of the Canada Carbon Rebate, the Government of can take real action to slow down climate change and still protect households from increased costs that climate change will mean for insurance, infrastructure repairs, health care, and more. Yahoo Finance
• [New] The Bank of Canada is expected to deliver another stand-pat interest rate decision today, but all eyes will be watching for signals about future rate cuts. The Globe and Mail
• [New] Traders significantly reduced their bets on a rate cut by the Bank of Canada arriving in June following today's rate decision and outlook, as well as a U.S. inflation report that came in hotter than expected. The Globe and Mail
• [New] The Bank of Canada will lead the U.S. Federal Reserve in rate cuts as economic data in both countries have been diverging. CBC
• [New] The Bank of Canada has held its key interest rate at 5% for the sixth consecutive time since July, saying it will be looking for signs that slowing inflation is sustained before moving on rate cuts. CBC
• [New] Green hydrogen has the potential to reduce GHG emissions in multiple sectors in Atlantic Canada and as a flexible energy carrier it can allow for deep decarbonization scenarios. EverWind Fuels
• [New] Hilton will soon surpass 200 hotels in Canada, and plans to increase its portfolio of hotels by 50% over the next several years. MarketScreener
• [New] The hydrogen working group will report to the Steering Committee on the challenges and opportunities of hydrogen trade between Canada and Germany. Ontario.ca
• [New] Ontario has many advantages that will help advance a globally competitive low-carbon hydrogen economy for consumers in Canada and around the world. Ontario.ca
• Western Canada, Montana and North Dakota will witness a total eclipse in 2044 and, the following year, people in the US will be able to see a total eclipse from coast to coast. Al Jazeera
• Ontario will continue to work with the federal government as well as with other provinces and territories to collectively advance the hydrogen economy across Canada. Ontario.ca
• The proposed Act aims to guide AI innovation in a positive direction to help ensure Canadians are protected from potential risks by ensuring the responsible adoption of AI by Canadian businesses. Prime Minister of Canada
• People In the US, Canada and Mexico will not just have the chance to witness a rare astronomical phenomenon. The Royal Astronomical Society

Last updated: 17 April 2024