• Financial intelligence agency slow to provide police with info to curb money laundering: AG

  Source: CBC Politics
  Date: 2026-10-29 14:19:17.0
  Tags: [National, Finance, Public Safety, Justice, Governance]

  A federal auditor general report tabled in the House of Commons reveals that the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) takes an average of about four months to provide financial intelligence to law enforcement agencies. Half of the surveyed police and law enforcement respondents reported receiving FINTRAC intelligence too late to be useful for freezing assets, intercepting transactions, or apprehending suspects. The auditor general concluded that inadequate tools and processing delays hinder FINTRAC from effectively carrying out its mandate to detect and deter money laundering and terrorist financing.

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• Sale of Baffinland's assets should be run by an independent officer, feds argues

  Source: Territories - Northern Affairs (Yukon, NWT, Nunavut)
  Date: 2026-10-09 21:52:54.0
  Tags: [National, Mining, Resources, Economy, Finance, Justice]

  Federal government lawyers and Export Development Canada (EDC) are arguing in the Ontario Superior Court that an independent, court-appointed officer should oversee the asset sale process for Baffinland Iron Mines Corp. Baffinland, which operates the Mary River Iron Mine on northern Baffin Island and employs over 1,200 workers, entered creditor protection in May owing $2.6 billion to 231 creditors and previously secured a $660-million loan from EDC to stay operational. EDC's legal representation argues that Baffinland's current operating committee faces conflicts of interest due to personal financial stakes, whereas Baffinland's counsel opposes the measure as an unprecedented attempt to rewrite contractual terms. Ontario Superior Court Judge Jana Steele has reserved her decision to be delivered in writing at a later date.

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• RCMP union raises concerns Liberals' proposed financial crime agency will hurt Mounties

  Source: CBC Politics
  Date: 2026-10-08 19:30:22.0
  Tags: [National, Public Safety, Justice, Labour, Finance]

  Rob Farrer, president of the National Police Federation representing approximately 20,000 RCMP members, testified before a parliamentary committee regarding Bill C-29, which proposes the establishment of a dedicated Financial Crimes Agency (FCA). Farrer expressed concern that the new agency—intended to tackle money laundering and online fraud by operating as a separate police organization with its own commissioner—will siphon off 150 experienced RCMP personnel and worsen existing recruitment, retention, and under-resourcing issues within the national police force. The union urged that any funding for the FCA should be entirely new rather than reallocated from the RCMP, and that assigned Mounties must be backed by qualified replacements with a clear transition plan to protect ongoing investigations and accountability structures.

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• Immigration, high-speed rail and Bill 21: Where new PQ government could test Ottawa

  Source: CBC Politics
  Date: 2026-10-07 08:00:00.0
  Tags: [National, Quebec, Immigration, Infrastructure, Transportation, Justice, Finance, Governance]

  Following the Parti Québécois' provincial election victory, Premier-designate Paul St-Pierre Plamondon faces key policy friction points with Prime Minister Mark Carney's federal government. The PQ intends to seek full provincial control over immigration to reduce permanent immigrants to 35,000 and halve temporary immigration quotas, oppose the federal high-speed rail project connecting Toronto to Quebec City via Montreal, and seek $4.4 billion in additional federal transfers. Additionally, the new government plans to challenge federal authority by taking steps to abolish the monarchy in Quebec and cut funding to the lieutenant-governor's office, while awaiting a crucial Supreme Court of Canada ruling on Bill 21.

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