Canada finding 'solutions' on EU carbon tariff threat: Carney

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Source: CBC Politics
Date: 2026-10-30 21:41:25.0
Tags: [National, Trade, Economy, Environment, Climate, Industry]

Prime Minister Mark Carney announced progress at the Canada-EU summit in Montreal regarding the European Union's pending carbon border adjustment mechanism (CBAM), which threatens an estimated $2.8 billion in annual Canadian energy-intensive exports like iron ore, steel, aluminum, and cement. Canada's ambassador-designate to the EU, Jonathan Wilkinson, confirmed that diplomatic negotiations are advancing toward having the European Union officially recognize Canada's national and industrial carbon pricing systems. Full implementation of the EU tariff is scheduled for 2034, with compliance reporting requirements slated to take effect by September or October 2027.

Fort Simpson organization pushes for relief funds for businesses impacted by wildfires

Source: Territories - Northern Affairs (Yukon, NWT, Nunavut)
Date: 2026-10-02 10:00:00.0
Tags: [National, Economy, Emergency, Climate, Industry]

The Dehcho Business Development Centre is lobbying the federal government and the Canadian Northern Economic Development Agency for a flexible $1 million relief fund to distribute to businesses impacted by summer wildfires in communities like Fort Simpson and Wrigley, Northwest Territories. The territorial government rejected a similar proposal, directing applicants instead to the Department of Industry, Tourism and Investment's existing entrepreneur support stream for case-by-case reviews. Affected local enterprises, such as the construction business E&R Ventures owned by Howard Hardisty, suffered extensive property and equipment losses valued at approximately $125,000 during the evacuations and prolonged wildfire smoke.