Author | Lightnews

Thomas Seal @twseal.bsky.social · 5d

Canada's Trans Mountain oil pipeline says it's exploring ways to raise its capacity from 890k barrels per day system to 1.25m b/d over the next 4-5 years

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Reposted by Thomas Seal

Jason Schreier @jasonschreier.bsky.social · 5d

BREAKING: Rockstar has delayed Grand Theft Auto VI again, pushing the highly anticipated game from May to November 19, 2026. www.bloomberg.com/news/article...

‘Grand Theft Auto VI’ Is Postponed Again — to November 2026

The release date for the game had previously slipped to May 2026 from fall 2025

www.bloomberg.com

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Thomas Seal @twseal.bsky.social · 5d

Australia will require utilities to provide free power to some households during parts of the day to soak up excess solar generation, reduce power bills, and improve grid stability

Australia Mandating Three Hours a Day of Free Power for Households

Australia will mandate utilities to provide free power to some households during parts of the day in a bid to soak up excess solar generation, reduce power bills and improve grid stability.

www.bloomberg.com

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Thomas Seal @twseal.bsky.social · 5d

a green exit sign is on the wall in a dark room

ALT: a green exit sign is on the wall in a dark room

media.tenor.com

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Thomas Seal @twseal.bsky.social · 5d

There's a video documentary too: Inside the Deaths That Rocked India's Relations With the West

Inside the Deaths That Rocked India's Relations With the West

This is the story of how two alleged murder plots involving Sikh activists brought India, the US and Canada to a diplomatic crisis. (Source: Bloomberg)

www.bloomberg.com

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Thomas Seal @twseal.bsky.social · 5d

Bloomberg reporter Matthew Campbell has written a BIG new feature which weaves together court evidence, interviews and new information to tell the inside story of the attempted and successful assassinations of Khalistan separatists in the US and Canada, and allegations of links to India:

The Attacks on Sikh Separatists That Rocked India’s Relations With the West

The inside story of how two alleged murder plots brought India, the US and Canada to a diplomatic crisis.

www.bloomberg.com

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Thomas Seal @twseal.bsky.social · 5d

Meta internally projected late last year that it would earn about 10% of its overall annual revenue – or $16 billion – from running advertising for scams and banned goods, according to internal documents reported by Reuters:

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Thomas Seal @twseal.bsky.social · 6d

President Trump's threat of increasing tariffs against Canada by 10% in retaliation for Ontario's TV commercials has been cited in the Supreme Court, as justices interrogate the legal basis for his tariff powers: www.bloomberg.com/news/live-bl...

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Thomas Seal @twseal.bsky.social · 6d

Three conservative justices questioned Trump’s use of an emergency-powers law to collect tens of billions of dollars in tariffs a month - @gregstohr.bsky.social

Justices Question Legality of Trump’s Tariffs at Supreme Court

Key US Supreme Court justices expressed skepticism about the legality of President Donald Trump’s sweeping global tariffs, in a case that could undercut his signature economic policy.

www.bloomberg.com

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Thomas Seal @twseal.bsky.social · 7d

Conservative MP Chris d'Entremont defects to the Liberal Party

Statement from MP Chris d’Entremont | Liberal Party of Canada

Today, the Liberal Party issued the following statement from Chris d’Entremont, Member of Parliament for Acadie-Annapolis: “Earlier this afternoon, upon the presentation of the 2025 Budget, I informed...

liberal.ca

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Thomas Seal @twseal.bsky.social · 7d

Canada confirms intention to legislate on regulating fiat-backed stablecoins, including "to enable the regulation of payment service providers that carry out payment functions using prescribed stablecoins"

Thomas Seal @twseal.bsky.social · 7d

Canada moves to "remove some aspects" of anti "greenwashing" rules, while promising to maintain "protections against false claims"

Thomas Seal @twseal.bsky.social · 7d

Carney's government targets banking competition, pledging to tackle fees, make it easier for consumers to switch banks and reduce regulatory burdens for smaller lenders.

From @christinedobby.bsky.social

Carney Government Targets Banking Competition in Budget

Canada’s government is taking aim at competition in the financial sector, pledging to tackle fees, make it easier for consumers to switch banks and reduce regulatory burdens for smaller lenders.

www.bloomberg.com

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Thomas Seal @twseal.bsky.social · 7d

🚨 Canada Signals It Plans to Scrap Oil and Gas Emissions Cap

The government argues it can still reach net zero by 2050 through a revamped industrial carbon pricing system and other measures.

From @nojoudalmallees.bsky.social

Canada Signals It Plans to Scrap Oil and Gas Emissions Cap

The Canadian government has signaled it plans to eventually lift the controversial cap on emissions from the oil and gas sector, doubling down instead on its industrial carbon pricing system to rein i...

www.bloomberg.com

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Thomas Seal @twseal.bsky.social · 7d

Carney’s government proposes about C$82 billion ($58 billion) in new spending on a cash basis for the Canadian Armed Forces over five years

from @decloet.bsky.social

Canada to Inject Cash Into Defense Firms in Rearmament Plan

(Bloomberg) - Canada will make broader use of a state-owned bank to provide loans and venture capital to companies in the defense industry, part of a suite of measures to squeeze economic benefits fro...

www.bloomberg.com

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Thomas Seal @twseal.bsky.social · 7d

Canada's deficit is pegged at C$78.3 billion for the fiscal year that ends in March, representing 2.5% of gross domestic product.

That’s roughly in line with the median estimate in a Bloomberg survey of economists

via @brianplatt.bsky.social @erikhertzberg.bsky.social in Ottawa

Canada Plans to Add $119 Billion to Deficits as Growth Stalls

Canada is set to rack up larger deficits under Mark Carney, who used his first budget as prime minister to inject tens of billions of dollars into defense, housing and major projects intended to help ...

www.bloomberg.com

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Thomas Seal @twseal.bsky.social · 7d

On Friday, The Globe and Mail also reported that there'll be a substantial update on stablecoin rules in the budget:

Ottawa to unveil draft stablecoin legislation in budget, sources say

Draft rules are expected to set out requirements for safely issuing and operating the cryptocurrency, including minimum capital thresholds and other safeguards

www.theglobeandmail.com

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Thomas Seal @twseal.bsky.social · 7d

Then read his story about one of the budget's expected headline announcements:

Canada to Start $36 Billion Building Fund as Carney Seeks Economic Growth

Canada is set to launch a C$50 billion ($35.5 billion) infrastructure fund to build projects in sectors such as hospitals, transportation and housing, as the government tries to boost an economy that’...

www.bloomberg.com

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Thomas Seal @twseal.bsky.social · 7d

Ahead of what promises to be a pivotal Canadian federal budget being unveiled in a couple of hours' time, read this detailed preview on the fiscal backdrop from @erikhertzberg.bsky.social:

Carney to Unveil Debt-Fueled Budget to Revamp Canada’s Economy

Mark Carney was elected prime minister with a mandate to transform Canada’s economy. Now he needs to assure markets about the price tag.

www.bloomberg.com

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Thomas Seal @twseal.bsky.social · 7d

I wrote about a judgment in British Columbia which many see as a landmark, and which Canada's federal government says "has potentially significant nationwide implications, particularly relating to private property rights"

In Vancouver, A Court Ruling on Indigenous Land Triggers Real Estate Angst

A court ruling that granted an Indigenous group rights over some 800 acres of metro Vancouver is causing unease over private-property rights in Canada.

www.bloomberg.com

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Reposted by Thomas Seal

Bloomberg News @bloomberg.com · 7d

Canada is set to launch a C$50 billion ($35.5 billion) infrastructure fund to build projects in sectors such as hospitals, transportation and housing, as the government tries to boost an economy that’s being squeezed by US tariffs.

Canada to Start $36 Billion Building Fund as Carney Seeks Economic Growth

Canada is set to launch a C$50 billion ($35.5 billion) infrastructure fund to build projects in sectors such as hospitals, transportation and housing, as the government tries to boost an economy that’s being squeezed by US tariffs.

bloom.bg

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Thomas Seal @twseal.bsky.social · 8d

British Columbia Premier David Eby says "we won't be running the ads by ourselves," but will work together with federal government, after he previously said a digital campaign speaking directly to Americans about tariffs would be "unveiled" this month

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Thomas Seal @twseal.bsky.social · 13d

The US Senate votes against Trump's tariffs on Canada, following its vote against his Brazil tariffs yesterday.

Four Republicans joined Democrats.

It amounts to little more than a public rebuke, since to take effect it must also pass the House and then be signed by the president...

Senate Rebuffs Trump on Canada Tariffs Amid GOP Dissent on Trade

The Republican-controlled Senate narrowly passed a bill to end Donald Trump’s tariffs on Canada, highlighting GOP divisions over the duties just days after the president threatened to increase them fu...

www.bloomberg.com

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Thomas Seal @twseal.bsky.social · 13d

It's also a case study of how Canada is looking to pivot to Asia, as Mark Carney prepares to meet Xi Jinping in South Korea - a gambit brought into sharp relief by Donald Trump's recent increase of tariffs on Canada after Ontario's Ronald Reagan ad...

Here's a gift link if you'd like to read:

Canada Rebuilds Asia Trade Ties to Counter Trump Tariff Pain

President Donald Trump’s latest tariff salvo against Canada landed just as Mark Carney was setting out on a mission to insulate his country from the fallout of the trade war.

www.bloomberg.com

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Thomas Seal @twseal.bsky.social · 13d

It's a remote place hewn out the fringes of thickly rainforested mountains, where on a short evening walk home I saw literally dozens of bald eagles. By some measures it's the rainiest city on the continent.

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