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Investing

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Friday (June 20) was the last day for the spring session of Canada’s parliament before its summer break. On the agenda for the day was a vote on bill C-5, “The One Canadian Economy Act,” which was introduced on June 5. The bill is in part a response to the recent shift in US trade policy under Donald Trump’s administration. It will provide a new framework to fast-track projects of national interest, including mining and energy projects, to boost Canada’s economy. However, it hasn’t been without controversy. Primarily, it has been met with opposition from some Indigenous groups, who feel it will override treaty obligations and environmental review processes. In parliament, it also met some resistance from the conservative opposition, who amended the bill to close loopholes they felt would allow the government to skirt conflict of interest and lobbying laws. The bill is widely expected to pass the House…