Doug Guzman, CEO of the Defence Investment Agency, told a parliamentary committee on Monday that Ottawa will measure whether the winner of the $60-billion contract to build submarines for the Royal Canadian Navy delivers on its promised industrial benefits. (The Logic)
The Royal Canadian Mint bought gold traced back to northwestern Colombian mines controlled by the Clan del Golfo drug cartel, yet said it came from North America because it was mixed with U.S. metal in Texas before arriving in Canada. (The New York Times)
The B.C. tech entrepreneur’s holding firm is the controlling shareholder of the film lovers’ social media platform and has spoken to possible buyers, including CNBC and The Ankler, a Substack newsletter about Hollywood. (Semafor)
Manitoba Premier Wab Kinew announced his intention to ban the platforms for children on Saturday, but has yet to say what age he’s considering as a cut off or how the ban would work. (The Logic)
The stock market index is proposing a rule change that would allow foreign-domiciled companies to remain in Canadian benchmarks, according to a report published earlier this month—as Teck’s merger with Anglo American risks pushing it out of the S&P/TSX Composite. (The Globe and Mail, The Logic)
Tim Hodgson told the Empire Club of Canada that one of his goals is to have five to 10 major projects with either final investment decisions made, or having broken ground by this time next year. (The Logic)
Laurent Ferreira said at the bank’s annual general meeting on Friday that the government should accelerate mining, defence and infrastructure projects amid rising trade geopolitical tensions. (The Logic)
Chery wants to build up a Canadian sales network to secure a share of the 49,000 Chinese-made electric vehicles Canada is prepared to let into the market each year at lower tariff rates, Chery chair Yin Tongyue told Bloomberg. The delegation of about two dozen dealers is also invited to Chery’s headquarters in Wuhu, about 1,100 kilometres south of Beijing. (Bloomberg)
Enbridge aims to have the upgraded “T-South” section of its Westcoast pipeline in service in November 2028, now that the government has signed off on the plan. The Canada Energy Regulator recommended the approval at the end of January. The pipeline connects Chetwynd in northern B.C. to the U.S. border at Huntingdon in the south; the expansion is to add 300 million cubic feet per day to its transport capacity, or about 17 per cent. (The Logic)
The Transition Accelerator, an environmental think tank, launched the Centre for Industrial Policy to hold the government accountable for the sector-specific strategies Ottawa has rolled out, and help inform its future decisions. (The Logic)