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To boost competition in Canada, reform laws and cut red tape, MPs hear

iPolitics
By Jolson Lim. Published on Apr 13, 2021 5:35pm
Cyclists and pedestrians cross King Street in Toronto s financial district in January 2020. (Rene Johnston/Toronto Star)
To increase competition in Canada’s economy, federal competition laws should be revised, and Ottawa should cut red tape for startups that compete with larger firms, MPs heard on Tuesday.
The House of Commons Industry committee kicked off its study of competitiveness in Canada by hearing from experts and representatives of business groups.
The broad-ranging study follows recent developments in the Canadian economy, including: the proposed purchase of Shaw by Rogers; the controversial decision by grocery chains to end pandemic pay; and the increased inequity caused by COVID-19 between small and big businesses. ....

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Alberta leader says Biden's move to cancel Keystone pipeline a 'gut punch' | Environment

Last modified on Wed 27 Jan 2021 09.32 EST
Joe Bidenâs move to cancel a controversial pipeline project has hit Canada like âlike a gut punchâ, according to one political leader, and left the country to weigh the future prospects of its ailing oil and gas industry.
On 20 January, one of the US presidentâs first executive orders was to reverse approval of the Keystone XL pipeline, making good on a campaign promise to kill the project as part of a broader strategy to address the climate crisis.
Environmental groups in Canada have applauded the decision, but the cancellation has left the countryâs western provinces in disbelief. ....

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The Daily Chase: Reddit's stock frenzy continues; IMF boosts global outlook

The Daily Chase: Reddit s stock frenzy continues; IMF boosts global outlook
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The speculative frenzy surrounding BlackBerry and GameStop appears poised to extend into another day, with shares of both jumping again in pre-market trading as the frenzy on Reddit overwhelms Wall Street. Even that social networkâs co-founder is getting in on the action. Weâve heard from market professionals, and those who track them closely, that segments of the market are âliving in different universesâ and that itâs going to âcome to a very bad endâ for those who are pumping gains entirely detached from fundamentals. But when? And whatâs a more conservative retail investor to do? Weâll explore those and other question surrounding this mania today. ....

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Globe Climate: Biden's fast pace shifts the pressure to Ottawa

Globe Climate: Biden's fast pace shifts the pressure to Ottawa
theglobeandmail.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theglobeandmail.com Daily Mail and Mail on Sunday newspapers.

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Keystone XL denial will hurt communities, Indigenous business coalition leader says

Alberta Premier Jason Kenney has said the province has about $1 billion at risk if the project were killed. Photo by Chris Machian /Omaha World-Herald via CP
CALGARY The cancellation of the Keystone XL pipeline by U.S. President Joe Biden is a major setback for Canadian Indigenous people, says the leader of a group promoting their participation in oil and gas development as a solution to poverty on reserves.
The decision means fewer jobs in the short term for Indigenous people in constructing the pipeline and supplying goods and services for it, said Dale Swampy, president of the National Coalition of Chiefs. ....

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