Bloomberg's Josh Wingrove has seen the US-Canada bridge deal. The countries agreed to split the operating profit for 15 years — with no provision to cover Canada’s debt-service costs. That seems to contradict earlier remarks by PM Carney. Gift link: www.bloomberg.com/news/article... @bloomberg.com

Canada-US Bridge Pact Omits Canada’s Debt Costs, Document Shows

Canada and the US agreed to split the profit from a new bridge between Ontario and Michigan for 15 years — with no provision to cover Canada’s debt-service costs on the project, according to a copy of...

bloomberg.com

Prime Minister Mark Carney stressed the importance of defending against growing threats in the melting Arctic as he picked a German-Norwegian offer to build a new fleet of submarines for Canada’s navy www.bloomberg.com/news/article... by @twseal.bsky.social for @bloomberg.com

Carney Cites NATO, Melting Arctic as Germany Wins Submarine Contract

Prime Minister Mark Carney stressed the importance of defending against growing threats in the melting Arctic as he picked a German-Norwegian offer to build a new fleet of submarines for Canada’s navy...

bloomberg.com

Canada’s economy is set to rebound sharply in the second quarter amid a spike in oil production, breaking a half-year of stagnation. by @erikhertzberg.bsky.social for @bloomberg.com www.bloomberg.com/news/article...

Dominion Dynamics has raised C$139 million in what the company says is the largest Series A round ever for a Canadian defense startup, underscoring a surge of investor interest in the sector www.bloomberg.com/news/article... @bloomberg.com

Bessemer, Georgian Back Canada’s Dominion in Record Early-Stage Financing

Dominion Dynamics has raised C$139 million ($98 million) in what the company says is the largest Series A round ever for a Canadian defense startup, underscoring a surge of investor interest in the se...

bloomberg.com

Prime Minister Mark Carney said Canada’s emissions will be higher in the coming years than previously projected, his clearest admission yet that the country’s near-term climate targets are likely out of reach www.bloomberg.com/news/article... @bloomberg.com

Carney Concedes Canada Will Overshoot Emissions Forecasts

Prime Minister Mark Carney said Canada’s emissions will be higher in the coming years than previously projected, his clearest admission yet that the country’s near-term climate targets are likely out ...

bloomberg.com

Bloomberg News is looking for a versatile and energetic editor to join its Ottawa bureau, helping to shape our coverage of government policy and the economy in Canada. Apply here: bloomberg.avature.net/careers/Publ... @bloomberg.com

Economy and Government Editor

bloomberg.avature.net

Canada is launching a fundraising campaign to restore its decaying, at times rodent-infested prime ministerial residence — repairs previous governments avoided for fear of backlash over the cost to taxpayers www.bloomberg.com/news/article... @bloomberg.com

Canada PM's Home Is Falling Apart and Carney Seeks Cash to Fix It

Canada is launching a fundraising campaign to restore its decaying, at times rodent-infested prime ministerial residence — repairs previous governments avoided for fear of backlash over the cost to ta...

bloomberg.com

Alberta’s push for a new oil pipeline to carry 1 million barrels a day to the west coast is colliding with a hard question for Canada’s energy companies: Can they produce enough oil to fill it? www.bloomberg.com/news/article... By Robert Tuttle & Iain Boekhoff for @bloomberg.com

Alberta Pipeline Plan Collides With Doubts Over How Much Oil It Can Pump

Alberta’s push for a new oil pipeline to carry 1 million barrels a day to the west coast is colliding with a hard question for Canada’s energy companies: Can they produce enough oil to fill it?

bloomberg.com

Commerce Secretary Howard Lutnick intervened to delay the opening of a new bridge between the US and Canada and is pressing to renegotiate the deal for a larger share of toll revenue: www.bloomberg.com/news/article... By Josh Wingrove, David Welch & @twseal.bsky.social for @bloomberg.com

Lutnick Delayed Canada Bridge Debut to Seek Bigger Cut of Toll Revenue

Commerce Secretary Howard Lutnick intervened to delay the opening of a new bridge between the US and Canada and is pressing to renegotiate the deal for a larger share of toll revenue, people familiar ...

bloomberg.com

ICYMI, I wrote about how Prime Minister Mark Carney's government is squeezing Germany and South Korea for all they're worth as Canada decides between the countries' bids for a C$100B+ submarine contract. Inside the unprecedented global showdown: www.bloomberg.com/news/article... @business

Carney Squeezes Germany and Korea as He Dangles Huge Submarine Deal

In late May, a South Korean attack submarine slipped into a harbor in Victoria, British Columbia — a floating sales pitch for one of the largest military contracts in Canadian history.

bloomberg.com

Prime Minister Mark Carney's government is moving to fix supply chain bottlenecks straining its ability to grow non-US trade — but it'll have to grapple with pushback from labor and environmental groups first. www.bloomberg.com/news/article... by @brianplatt.bsky.social & me for @bloomberg.com

‘We’ve Fallen Behind’: Canada Races to Break Supply Chain Gridlock Choking Trade

In the eyes of Transport Minister Steven MacKinnon, the sheer size of Canada is both blessing and curse.

bloomberg.com

Important to note that inflation in Canada rose at a slower pace than economists expected -- to 2.8%, compared with the 3.1% estimate -- and that core measures actually cooled to levels last seen in early 2021. Absent the oil shock, this is a soft print www.bloomberg.com/news/article...

Canada Inflation Rises to 2.8% While Core Measures Ease

Higher energy prices drove up Canada’s inflation rate to 2.8% in April, reaching its highest level in nearly two years but coming in lower than economists had expected as core measures cooled.

bloomberg.com

Great interview with @bloomberg.com's incoming Ottawa bureau chief, @brianplatt.bsky.social, on @politico.com's Playbook Canada podcast this morning! He chatted with @mickeydjuric.bsky.social about why international readers are so interested in Canada right now. www.politico.com/podcasts/pla...

A court in Alberta ruled that political activists can’t proceed with a petition to force a vote on separation from Canada because the government failed to meet its obligation to consult with Indigenous people www.bloomberg.com/news/article... @decloet.bsky.social @bloomberg.com

Canada Court Throws Out Alberta Separatists’ Bid to Force Vote

A court in Alberta ruled that political activists can’t proceed with a petition to force a vote on separation from Canada because the government failed to meet its obligation to consult with Indigenou...

bloomberg.com

Alberta and Canada are finalizing an agreement to ramp up the province’s industrial carbon price to $130 per metric ton by 2040, a key step toward federal support for a new crude pipeline going to the Pacific coast www.bloomberg.com/news/article... @brianplatt.bsky.social @bloomberg.com

Canada, Alberta to Raise Carbon Price by 2040, Clearing Hurdle for Pipeline

The Alberta and Canada governments are finalizing an agreement to ramp up the province’s industrial carbon price to C$130 ($95) per metric ton by 2040, a key step toward federal support for a new crud...

bloomberg.com

Prime Minister Mark Carney has touted early success in his push to diversify Canada's trade beyond the US. But the gains have largely been driven by surging gold prices, rather than firms breaking ground in new markets. www.bloomberg.com/news/article... @nojoudalmallees.bsky.social @bloomberg.com

Such exciting news for the @bloomberg.com Ottawa bureau! @brianplatt.bsky.social is already doing such great work as the Canadian government reporter and will do a fantastic job leading the team here. Excited to see what they do next!

Brian Platt@brianplatt.bsky.social · 3mo ago

I'm thrilled to say I'll be taking on a new position as Bloomberg's Ottawa bureau chief, though also daunted at having to succeed the indefatigable @ldhillonkane.bsky.social. This bureau is such a strong team and I can't wait to keep elevating our work higher.

The Canadian government is pitching changes it says would speed up the timeline for federal reviews of major projects to one year, after a torrent of criticism its regulatory processes are way too slow www.bloomberg.com/news/article... by @nojoudalmallees.bsky.social for @bloomberg.com

Canada Aims to Approve Projects in a Year After Criticism It’s Too Slow

The Canadian government is launching consultations on proposals to fast-track federal assessments of major projects, with the aim of completing reviews and making decisions within one year.

bloomberg.com

Update on moi: Moving to Toronto in July to be an editor at @bloomberg.com! I'll still be digging into econ and government stories, plus more Canadian business news — markets, real estate, all the things. Still writing, still reachable at the same email. See you in the centre of the universe.

Canada's figuring out how to divvy up its low-tariff quota for Chinese EVs -- with an eye to making sure there's lots of room for new players to Canada's market, like BYD and Chery, and not just Shanghai-made Teslas www.bloomberg.com/news/article... by @brianplatt.bsky.social for @bloomberg.com

BYD, Tesla May Face Import Caps as Canada Works Out China EV Quota

Canadian government officials are debating how to divide up the new low-tariff quota for Chinese-made electric vehicles, including whether to cap how much space each company can use.

bloomberg.com

Canada’s last prime minister once said that he doesn’t think about monetary policy. That’s almost certainly not the case for Mark Carney. @erikhertzberg.bsky.social looks at how the Bank of Canada's framework renewal is likely to unfold this year: www.bloomberg.com/news/article... @bloomberg.com

Bank of Canada Weighs Clearer Playbook to Handle Supply Shocks

The Bank of Canada is weighing whether to spell out how it responds to supply shocks in its monetary policy framework, including how much emphasis it places on the strength of the economy when tacklin...

bloomberg.com

Prime Minister Mark Carney said his government is considering spinning off or selling ownership stakes in Canadian airports in order to use the proceeds on new projects aimed at fueling economic growth www.bloomberg.com/news/article... @brianplatt.bsky.social @mathieudion.bsky.social @bloomberg.com

Canada May ‘Redeploy’ Capital Tied up in Airports, Carney Says

Prime Minister Mark Carney said his government is considering spinning off or selling ownership stakes in Canadian airports in order to use the proceeds on new projects aimed at fueling economic growt...

bloomberg.com

German authorities mapping out US supply-chain vulnerabilities as a way to win leverage have found a key pressure point: potash. The US imports more than 90% of the fertilizer ingredient, leaving it highly reliant on global producers — above all Canada www.bloomberg.com/news/article...

Germany Sees US as Vulnerable to Squeeze on Potash Supplies

German authorities seeking to map out US supply-chain vulnerabilities as a way to win leverage with President Donald Trump’s administration have identified a key pressure point: potash.

bloomberg.com

Canada’s oil industry is pushing back hard on proposals to impose a higher carbon tax, arguing the policy adds costs at a time when the world needs more secure and affordable sources of energy www.bloomberg.com/news/article... @bloomberg.com

Canada’s Oil Firms Look to Scrap Carbon Tax Tied to New Pipeline

Canada’s oil industry is pushing back hard on proposals to impose a higher carbon tax, arguing the policy adds costs at a time when the world needs more secure and affordable sources of energy.

bloomberg.com

Had a great chat with Catherine Cullen and @markrendell.bsky.social on CBC's The House about Carney's sovereign wealth fund and skilled trades strategy. We dug into how these measures fit into a bigger push to build big things in Canada — and the key hurdles still ahead: www.cbc.ca/listen/live-...

The Alberta government believes it will have Indigenous support for its plan to build a new oil pipeline to the Pacific coast. @brianplatt.bsky.social spoke exclusively with Energy Minister Brian Jean during his visit to Ottawa this week www.bloomberg.com/news/article... @bloomberg.com

Alberta Energy Minister Believes New Pipeline Will Have Indigenous Support

The Alberta government believes it will have Indigenous support for its plan to build a new oil pipeline to the Pacific coast when it’s unveiled in June.

bloomberg.com

The Canadian economy bounced back in the first quarter after a softer end to 2025, with growth in February driven by an expansion in manufacturing, @nojoudalmallees.bsky.social reports for @bloomberg.com www.bloomberg.com/news/article...

Canada will create its first sovereign wealth fund to provide financing for large infrastructure projects, Prime Minister Mark Carney said www.bloomberg.com/news/article... @brianplatt.bsky.social @erikhertzberg.bsky.social @bloomberg.com

Carney to Create Canadian Sovereign Wealth Fund to Back Projects

Canada will create its first sovereign wealth fund to provide financing for large infrastructure projects, Prime Minister Mark Carney said.

bloomberg.com

The Canadian government’s pledge to supply 23.6 million extra barrels of oil to support the IEA's emergency release reflects natural growth in production, rather than a specific effort to produce more crude www.bloomberg.com/news/article... @bloomberg.com

Canada’s IEA Oil Promise Adds Little New Crude to Tight Market

The Canadian government’s pledge to supply 23.6 million extra barrels of oil in the coming months reflects natural growth in production, according to BMO Capital Markets, rather than a specific effort...

bloomberg.com

As Canada grapples with economic strains and US tensions, Mark Carney is operating less like a traditional politician and more like a CEO. The mission is to expand trade networks and get deals done. @brianplatt.bsky.social @christinedobby.bsky.social @bloomberg.com www.bloomberg.com/news/feature...

Mark Carney's C-Suite Inner Circle Is Selling the World on Canada

Facing economic strains and tensions with the US, the prime minister is relying on a tight-knit group of allies to make trade deals and streamline government.

bloomberg.com