A Professor of Political Studies at the University of Saskatchewan believes the new United States Mexico Canada Agreement will be approved following the U-S mid-term elections. Joe Garcea figures the deal will not get bogged down in partisan politics as both the Democrats and Republicans realize how difficult it was for negotiators to strike the deal and neither would benefit from forcing several amendments. Garcea also says there is sufficient time to meet the approval deadlines in the Republican controlled Senate as well as the House of Representatives controlled by the Democrats and expects debate to start in the new-year. The U-of-S Professor doesn’t foresee significant changes for Saskatchewan under the new trade deal. Garcea feels its effects in the province over the short and long term will be similar to NAFTA.
U.S. Mid-Term Elections Not Expected to Negatively Affect NAFTA Replacement
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The Candian government wants the country’s banks to identify, in customers’ bank statements when they receive the carbon rebate, that it is labelled as such.
Environment Minister Steven Guilbeault says the lack of a clear identifier is contributing to confusion about carbon price rebates, so he is going to change the law if he has to in order to force the big banks to identify the carbon rebate by name when doing direct deposits.
The first rebate deposits in 2022 were labelled very generically, which meant recipients had no idea why they were getting the money.
T-D and B-MO have adopted the government’s requested “CdaCarbonRebate” entry, R-B-C and Scotiabank say they couldn’t make the change in time for the rollout, and C-I-B-C is still calling it “Deposit Canada.”