Nojoud Al Mallees

The plan will loosen rules clean power rules.

Canada and Alberta have reached a deal on carbon pricing that would pave the way for construction of a new oil pipeline starting as early as 2027, while scaling back the scope of a carbon capture project that Ottawa has tied to the deal.

Higher energy prices drove up Canada’s inflation rate to 2.8% in April, reaching its highest level in nearly two years but coming in lower than economists had expected as core measures cooled.

Canada will require streaming giants such as Netflix Inc. and Spotify Technology SA to spend 15% of their domestic annual revenues on Canadian content, moving ahead with a law that’s been identified as a trade irritant by the US Trade Representative.

A former Canadian environment minister will resign his seat in Prime Minister Mark Carney’s caucus after the government watered down its climate policy.

The Bank of Canada said the financial system has functioned well through recent global shocks, but highlighted the risk of an asset price correction as well as vulnerabilities related to the role hedge funds are playing in debt markets.

Foreign Minister Anita Anand said Canada aims to grow exports to China by 50% by 2030, as her Chinese counterpart visits Ottawa in a sign of a shifting global order shaped by US tariffs.

Plus: Chinese EVs begin to enter Canada

Canada’s housing market has plunged into one of its sharpest-ever corrections. Canadians say it hasn’t gone far enough.

Bank of Canada Senior Deputy Governor Carolyn Rogers cautioned against concluding the country is in a recession after recent data showed the economy contracted for a second consecutive quarter.