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Category: Economy (Page 1 of 7)

A Universal Basic Income is again being considered by the Canadian government

Vice »

The Senate’s national finance committee will study a bill on October 17 which would create a national framework for—but not actually implement—UBI, according to a press release from the office of Ontario Senator Kim Pate. An identical bill exists in the House of Commons and is sponsored by Member of Parliament Leah Gazan.

The bill in the Senate, which received a first and second reading in 2021 and last April, respectively, would require provincial ministers and Indigenous governing bodies across the country to convene and determine how a UBI plan could work. This would include ensuring that “participation in education, training or the labour market” is not required to receive UBI, and that funding for other social services are not cut. If the bill passes both the Senate and House of Commons, a report would have to be made public a year after the study begins.

Japan to make deal with Canada on EV supply chains


Japan’s minister of economy, trade and industry will be in Ottawa Thursday to sign a memorandum of cooperation on electric vehicle supply chains.

Yasutoshi Nishimura will be accompanied by a delegation of Japanese businesspeople representing its battery supply chain association (BASC) and corporations like Panasonic Energy, Asahi-Kasei, Mitsubishi, Mitsui and Sumitomo.

Japanese media reports previewing the trip over the past week suggested that in return for financial, scientific and technical help, the Canadian government intends to offer subsidies for new Japanese investments in this sector — similar to other electric vehicle battery deals struck in collaboration with the provincial governments of Ontario and Quebec.

Prime Minister Justin Trudeau revealed that other countries are quietly supporting Canada’s Online News Act

CBC » Prime Minister Justin Trudeau says other countries are ‘watching very closely’ as Canada’s dispute with Meta over the Online News Act continues.

PM Trudeau revealed that other countries are quietly supporting Canada’s Online News Act, Bill C-18, which passed the House of Commons in June. The legislation mandates that tech giants Google and Meta pay Canadian media outlets for news content shared or repurposed on their platforms.

The 10-nation Association of Southeast Asian Nations (ASEAN) is welcoming Canada as its latest strategic partner.

ASEAN made the announcement public today during Prime Minister Justin Trudeau’s visit to the host city of Jakarta.

Joint Leaders’ Statement on ASEAN-Canada Strategic Partnership

Trade Minister Mary Ng says Canada will open an export development office in Jakarta and has appointed an Indo-Pacific trade representative to help attract businesses to the region. » Globe and Mail

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