Canada · Country watch
Ontario Drug Rule, TC Energy Deal, Alberta Vote
Ontario's medical regulator changes drug prescription rules; TC Energy sells pipeline stake; Alberta referendum voting begins.
The picture Mixed
Business conditions in Canada are mixed today. Ontario's new drug prescription rules and TC Energy's pipeline stake sale to First Nations are significant developments. Meanwhile, Alberta's referendum voting begins, potentially affecting the province's political and economic landscape.
In this briefing College of Physicians and Surgeons of Ontario · Alberta · Elections Alberta · TC Energy · Coastal GasLink
Regulation
Ontario alters safer supply drug prescription rules
The College of Physicians and Surgeons of Ontario has approved changes to the prescribing of safer supply drugs, Global News reports. The board of directors is set to implement several modifications aimed at improving the practice. These changes are part of ongoing efforts to address the opioid crisis in the province by providing safer alternatives to street drugs. The specifics of the changes have not been disclosed, but they are expected to impact how physicians prescribe these drugs.
Impact Pharmaceutical companies and healthcare providers in Ontario will need to adjust to the new prescribing rules for safer supply drugs.
Sources: Global News ↗
Disruption
Nothing significant reported today.
Internal tension
Alberta referendum advance voting begins amid high turnout
Advance voting for the Alberta referendum on separation has commenced, with polling stations experiencing significant crowds, reports the Edmonton Journal. Elections Alberta anticipates a turnout between 80% and 85%. The referendum is a pivotal event for the province, reflecting ongoing discussions about Alberta's future relationship with the rest of Canada. The outcome could have substantial implications for provincial governance and economic policies.
Impact Alberta's public-sector and political landscape face potential shifts as the province votes on separation.
Sources: Edmonton Journal ↗
Safety & health
Nothing significant reported today.
Companies
TC Energy sells Coastal GasLink stake to First Nations
TC Energy has sold an economic stake in the Coastal GasLink pipeline to five First Nations, according to the Financial Post. This transaction is part of a broader effort to involve Indigenous communities in energy projects and is expected to close before the end of the year. A second deal involving additional First Nations is anticipated. The Coastal GasLink pipeline is a key infrastructure project, and this sale marks a significant step in fostering Indigenous participation in Canada's energy sector.
Impact Energy investors and Indigenous groups gain from TC Energy's sale of Coastal GasLink stake, enhancing community involvement in the project.
Watch The second deal involving additional First Nations is expected to close before the end of the year.
Sources: Financial Post ↗
Markets
Nothing significant reported today.
Trade
Nothing significant reported today.
Politics
Nothing significant reported today.
Also today in Canada
- Pierre Poilievre goes on CNN, pitches Americans on trade deal — Toronto Sun
- Gouvernement du PQ | Une transition « ordonnée » avec une priorité à l’économie — La Presse
- Afternoon front page: Dramatic testimony at Pearson gold heist trial; Benchmark Canada series measures country’s performance; and more — National Post
- News of the day: Advance poll surge could spell trouble for Olivia Chow in mayoral race, and more — Toronto Sun
- Le piratage de frigos dans des épiceries en France nous rappelle notre vulnérabilité — Le Devoir
- COVID patients lumped together in Edmonton hospital — Edmonton Journal
- What Vancouver Council Did and Didn’t Do on Housing — The Tyee
- Viol collectif allégué : l’Université Cornell suspend les fêtes dans les « fraternités » — Radio Canada
Sources in this briefing
Sources: each headline links to the original article on the publisher's site.
The same day elsewhere
- Argentina: Gas Subsidy Cuts; Paraná River Floods; Inflation Rises
- Brazil: Lula's SME Credit Boost, New Consumer Rules
- China: HK Green Trading Pilot, Mainland Stocks Fall
- Colombia: Coal Exports Resume, Power Rationing Deadline Set
- Germany: IMF Boosts German Growth, Starlink Sabotage Arrests
- Egypt: Egypt's Trade Deficit Widens, Journalists Detained
- Spain: Madrid Metro Safety Risk, ID Finance Raises €545M
- France: IMF Lowers France Growth, Cyberattack Hits Supermarkets
- United Kingdom: Cyberattack Hits UK Fashion Brands, Scottish Economy Rebounds
- Indonesia: IHSG Declines, Minimum Wage Proposal, Forest Fires
- Israel: Ben-Gurion Bomb Threat, Israir Freezes Morocco Sales
- India: IMD Weather Alert, Delhi Protests Impact Business
- Iraq: Iraq Customs Revenue Rises, Telecom Faces Subscriber Loss
- Iran: Iran-Azerbaijan Agreements, Dollar Declines
- Italy: New Road Code, Budget Delays, Cybersecurity Concerns
- Japan: Nikkei Plunge, Hokkaido Storm Warning, BOJ Rate Relief
- Kenya: Nairobi Water Shutdown, KRA Revenue Surge
- South Korea: KOSPI Plummets, LS Electric Secures US Deal
- Lebanon: Lebanon Seeks IMF Support, US Revives Framework Deal
- Morocco: Pharma Price Revisions, Treasury Deficit Drops
- Mexico: Senate Tightens Customs Law, Sheinbaum Offers Tax Incentives
- Malaysia: MyEG Investigation; Malaysia Airlines Cancels Flights
- Nigeria: US Blacklists Nigeria, Tinubu's Legislative Push
- Netherlands: Albert Heijn Cyberattack, Dutch Economy Growth Revised
- Poland: Senate Passes Internet Bill, RCB Alert Ends
- Portugal: Portugal Inflation Rises, Madeira Launches SMS Alerts
- Russia: Moscow Exchange Falls, IMF Oil Price Forecast
- Senegal: Senegal Water Disruptions, Flood Audit Ordered
- Syria: Fuel Arrivals in Baniyas, Currency Pressure Rises
- Turkey: IMF Revises Turkey's Growth, Kocaeli Traffic Ban
- Ukraine: Ukraine Delays Payments, Train Disruptions Persist
- United States: Six Flags Closes Rides, Measles Spurs Vaccinations
- Vietnam: Techcombank Boosts Capital, US Increases Vietnam Pepper Imports
- South Africa: Supplement Crackdown Risks R22bn Industry, Water Disruption