New (amazing) cabinet directive: For every $1 in regulatory costs a new rule adds, regulators must cut $2 elsewhere. 👏 They’ll also have to test new rules for competitiveness, default to national or international standards, and review rules regularly.

Today’s @bankofcanada hike was largely expected by analysts and follows the @federalreserve’s 0.25% hike from last month. 📈 But spectators are divided on whether it’s a preventative move against inflation, or an unnecessary strain on businesses already squeezed by fuel prices.

Elections can be costly. Literally. 💸 And they’re getting (understandably) more expensive as time goes on. Here are the most expensive Canadian elections of the last 10 years (plus tonight’s Toronto election). 🗳️

How much are Canadians left with in their pockets after taxes and essentials? 💸 Among major North American cities, Canada’s largest sit near the bottom of the pack for the % of median income left over for median earners. The highest Canadian city is Ottawa in 24th place.

“We have been conditioned, for decades now, to flinch at identity talk and to sneer at those who raise it as a live question or problem to be resolved. But it is vital to understand that the state capacity problems that Canada has, the reason why nothing ever gets built, why the federal government is perpetually overpromising and underdelivering, why this blessed country is not nearly as prosperous as it ought to be, all have their origins in the weakness of our national identity. Without a story we can tell one another about our collective ambition, about the many on behalf of whom the few are asked to make sacrifices, all we are left with is the buying off of one province or region or another in order to keep the peace.”

If Canada has a problem getting things built, a big part of the reason can be traced to our refusal to talk about our national identity. Here's why the ‘who are we?’ question won’t go away, from Andrew Potter.

U.S. is taking in a lot of Canadians, with immigration numbers up 142%. Build Canada group says brain drain is a real issue, but it has some 'bold policy choices' that it says could help

🇨🇦 just launched a $1.75B VC push via BDC. Split across 2 programs & 5 streams, it's been years in the making (and is likely still a few from actual investment). Funds will flow through private fund managers, & only the $700M fund-of-funds stream is open for applications. 🧵

“Sovereign” might just be the nation’s word of the year. But what does “sovereign technology” and “sovereign AI” mean in practice? And what happens if we can’t achieve it? Hear it from @RobImbeault of @BackboardIO 👇