The company will spend $77 million to set up an R&D centre in Montreal, including a conditionally-repayable contribution from Ottawa’s flagship business-support program. (The Logic)
If the new international system isn’t rolled out, there are “serious risks” of governments implementing country-specific levies, triggering retaliatory trade actions, said Pascal Saint-Amans, director of the organization's centre for tax policy and administration. He has been named partner at the advisory firm Brunswick Group. (Financial Times, The Logic)
The Montreal-based bank can begin issuing debt specifically to finance or refinance eligible projects, loans, and investments with social or environmental benefits. (The Logic)
The companies did not disclose terms of the deal. San Francisco-based Remix built open-source frameworks that developers can use to help build websites. (The Logic)
The federal government will seek bidders in January for its plan to contract out Via rail service in central Canada and rebuild the passenger links from Toronto to Quebec City, Transport Canada said Monday. (The Logic)
The Mississauga, Ont.-based air cargo company posted a third-quarter net profit of $83.4 million compared to a loss of $12.9 million during the same quarter last year. Its shares closed up 2.15 per cent Monday. (The Logic)
Facebook’s parent company will send MPs proposed changes to the Online News Act, the Liberals’ move to make large digital platforms pay Canadian news outlets if the platforms host links to their journalism, the company’s head of media partnerships in Canada, Marc Dinsdale, told the House of Commons heritage committee. (The Logic)
Foreign Affairs Minister Mélanie Joly announced the federal government will seek membership in the bloc at a press conference with U.S. Secretary of State Antony Blinken in Ottawa on Thursday afternoon. (The Logic)
A new report from Canada and Germany emphasized that more private money is needed to reach an international financing goal by 2023 to help developing countries mitigate and adapt to climate change. In 2020, private institutions contributed US$13.1 billion to climate finance of a total US$83 billion. The report did not disclose how much total funding has been committed or allocated to the cause in 2022. (The Logic)
The European Parliament and Council provisionally agreed Thursday on stricter tailpipe emissions standards that will effectively ban the sale of new cars and vans burning fossil fuels by 2035, and accelerate the transition by setting new 2030 emissions targets. (The Logic)