Canada · Country watch
Canada-Philippines Trade Deal, Alberta Oilsands Incentives
Canada signs a free trade agreement with the Philippines; Alberta introduces new oilsands royalty incentives.
The picture Improving How this is judged →
Business conditions in Canada are improving with a new trade agreement with the Philippines and Alberta's oilsands incentives, despite unrest in Montreal.
In this briefing Alberta · oilsands · Montreal · SPVM · Mark Carney · Canada · Philippines
Regulation
Alberta offers new oilsands royalty incentives
Alberta has introduced a new 10-year royalty program for oilsands projects that produce at least 5,000 barrels per day and generate new production announced after November 15, the Calgary Herald reports. The initiative aims to attract a 'historic' wave of investment into the province's oilsands sector by offering favorable royalty rates. This move is expected to boost the energy sector and stimulate economic growth in Alberta.
Impact Oilsands operators in Alberta benefit from new royalty incentives, encouraging increased production and investment.
Sources: Calgary Herald ↗
Internal tension
Student protest in Montreal turns violent
A student protest in Montreal escalated into violence, with police using tear gas and arresting several individuals, according to La Presse. The protest, part of a student strike, saw demonstrators throwing rocks and fireworks, leading to clashes with law enforcement. The unrest disrupted traffic and business activities in downtown Montreal, raising concerns about public safety and order.
Impact Businesses and commuters in downtown Montreal face disruptions due to violent student protests.
Sources: La Presse ↗
Trade
Canada and Philippines sign free trade agreement
Canada and the Philippines have signed a free trade agreement aimed at tripling their bilateral trade by 2035, according to La Presse. This agreement is part of Prime Minister Mark Carney's efforts to diversify Canada's economy. The deal is expected to enhance trade relations and economic cooperation between the two countries, providing new opportunities for Canadian exporters and investors in the Philippines.
Impact Canadian exporters and investors gain access to expanded markets in the Philippines, aiming to triple trade by 2035.
Sources: La Presse ↗
Nothing significant reported today in Disruption · Safety & health · Companies · Markets · Politics.
Also today in the local press
- Microsoft reports progress as it works to recover email and other services in a global outage — City News Toronto
- Carney heads to Southeast Asia summit as Rohingya refugee crisis grows worse — The National Observer
- Voici ce que l’on sait sur la panne mondiale d'Outlook qui affecte des milliers d’utilisateurs — Le Journal de Montreal
- Scandale Nvidia: Pékin dit s'opposer à d'éventuelles nouvelles restrictions américaines sur les puces — Le Journal de Montreal
- A sudden FAA ground stop strands teams and throws the sports weekend into chaos — City News Toronto
- All U.S. flight departures grounded due to communications problems — Toronto Sun
- Federal cabinet minister touts new tax incentive, tariff relief for some Calgary businesses — Calgary Herald
- How Microsoft outage shows risk of tech monopolies: ‘We were just helpless’ — Global News
Sources in this briefing
Sources: each headline links to the original article on the publisher's site.