{"id":758475,"date":"2026-06-24T17:41:45","date_gmt":"2026-06-24T17:41:45","guid":{"rendered":"https:\/\/www.newsbeep.com\/ca\/758475\/"},"modified":"2026-06-24T17:41:45","modified_gmt":"2026-06-24T17:41:45","slug":"news-of-the-day-global-imbalances-hydrogen-pivot-canadians-flying-south-ai-strategy-tax-mistakes-ontario-quantum-startup-and-more","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ca\/758475\/","title":{"rendered":"News of the day: Global imbalances, hydrogen pivot, Canadians flying south, AI strategy tax mistakes, Ontario quantum startup and more"},"content":{"rendered":"<p>    <img fetchpriority=\"high\" decoding=\"async\" src=\"https:\/\/www.newsbeep.com\/ca\/wp-content\/uploads\/2026\/06\/596a2c065a520418f2b9054cd8872da3.jpeg\" alt=\"HCP_Politics_06102026_016.JPG\" loading=\"eager\" height=\"719\" width=\"960\" class=\"yf-lglytj  loaded\"\/> Tiff Macklem, governor of the Bank of Canada during a news conference in Ottawa on June 10. (Credit: HYUNGCHEOL PARK\/Postmedia)         <\/p>\n<p class=\"yf-1fy9kyt\">It\u2019s Tuesday, June 23. Here are the top stories we\u2019re following today.<\/p>\n<p class=\"yf-1fy9kyt\"><a href=\"https:\/\/financialpost.com\/news\/economy\/canada-sideswiped-global-imbalances-widen-bank-of-canadas-tiff-macklem\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"slk:Canada could be \u2018sideswiped\u2019 if global imbalances continue to widen, Bank of Canada\u2019s Tiff Macklem warns;elm:context_link;itc:0;sec:content-canvas\" data-yga=\"{&quot;yLinkElement&quot;:&quot;context_link&quot;,&quot;yModuleName&quot;:&quot;content-canvas&quot;,&quot;yLinkText&quot;:&quot;Canada could be \u2018sideswiped\u2019 if global imbalances continue to widen, Bank of Canada\u2019s Tiff Macklem warns&quot;}\" class=\"link \">Canada could be \u2018sideswiped\u2019 if global imbalances continue to widen, Bank of Canada\u2019s Tiff Macklem warns<\/a><\/p>\n<p class=\"yf-1fy9kyt\">In a speech to the Chambre de commerce France-Canada in Paris, Bank of Canada governor Tiff Macklem said that imbalances were growing at a time when the financial system was also evolving and becoming faster and less regulated.<\/p>\n<p class=\"yf-1fy9kyt\"><a href=\"https:\/\/financialpost.com\/news\/economy\/canada-sideswiped-global-imbalances-widen-bank-of-canadas-tiff-macklem\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"slk:Read the story;elm:context_link;itc:0;sec:content-canvas\" data-yga=\"{&quot;yLinkElement&quot;:&quot;context_link&quot;,&quot;yModuleName&quot;:&quot;content-canvas&quot;,&quot;yLinkText&quot;:&quot;Read the story&quot;}\" class=\"link \">Read the story<\/a><\/p>\n<p>       <img decoding=\"async\" src=\"data:image\/gif;base64,R0lGODlhAQABAIAAAAAAAP\/\/\/ywAAAAAAQABAAACAUwAOw==\" alt=\" Ballard Power Systems Inc.\u2019s combination with GeoPura Ltd. will create an entry point to the market for zero-emission backup power solutions.\" loading=\"lazy\" height=\"720\" width=\"960\" class=\"yf-lglytj loader\"\/>  Ballard Power Systems Inc.\u2019s combination with GeoPura Ltd. will create an entry point to the market for zero-emission backup power solutions.      <\/p>\n<p class=\"yf-1fy9kyt\"><a href=\"https:\/\/financialpost.com\/commodities\/ballard-buys-hydrogen-producer\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"slk:Ballard buys U.K.-based hydrogen producer for $515 million in strategic pivot;elm:context_link;itc:0;sec:content-canvas\" data-yga=\"{&quot;yLinkElement&quot;:&quot;context_link&quot;,&quot;yModuleName&quot;:&quot;content-canvas&quot;,&quot;yLinkText&quot;:&quot;Ballard buys U.K.-based hydrogen producer for $515 million in strategic pivot&quot;}\" class=\"link \">Ballard buys U.K.-based hydrogen producer for $515 million in strategic pivot<\/a><\/p>\n<p class=\"yf-1fy9kyt\">The lack of access to hydrogen has been a key hurdle to Ballard Power Systems Inc. selling its hydrogen fuel cells, which are like engines that produce electricity from hydrogen and oxygen. By combining with GeoPura Ltd., Ballard hopes customers will buy its hydrogen fuel cells and its hydrogen fuel.<\/p>\n<p class=\"yf-1fy9kyt\"><a href=\"https:\/\/financialpost.com\/commodities\/ballard-buys-hydrogen-producer\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"slk:Read the story;elm:context_link;itc:0;sec:content-canvas\" data-yga=\"{&quot;yLinkElement&quot;:&quot;context_link&quot;,&quot;yModuleName&quot;:&quot;content-canvas&quot;,&quot;yLinkText&quot;:&quot;Read the story&quot;}\" class=\"link \">Read the story<\/a><\/p>\n<p>       <img decoding=\"async\" src=\"data:image\/gif;base64,R0lGODlhAQABAIAAAAAAAP\/\/\/ywAAAAAAQABAAACAUwAOw==\" alt=\" A traveller walks past Air Canada planes at Pearson International Airport in Toronto.\" loading=\"lazy\" height=\"720\" width=\"960\" class=\"yf-lglytj loader\"\/>  A traveller walks past Air Canada planes at Pearson International Airport in Toronto.      <\/p>\n<p class=\"yf-1fy9kyt\"><a href=\"https:\/\/financialpost.com\/transportation\/canadian-trips-us-climb-first-time-trump-second-term\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"slk:Canadian trips to the U.S. climb for the first time in Trump\u2019s second term;elm:context_link;itc:0;sec:content-canvas\" data-yga=\"{&quot;yLinkElement&quot;:&quot;context_link&quot;,&quot;yModuleName&quot;:&quot;content-canvas&quot;,&quot;yLinkText&quot;:&quot;Canadian trips to the U.S. climb for the first time in Trump\u2019s second term&quot;}\" class=\"link \">Canadian trips to the U.S. climb for the first time in Trump\u2019s second term<\/a><\/p>\n<p class=\"yf-1fy9kyt\">In April, Canadian residents took 2.4 million trips to the United States, a 1.8 per cent increase from the same month a year earlier, according to Statistics Canada\u2019s monthly data on travel between Canada and other countries.<\/p>\n<p class=\"yf-1fy9kyt\"><a href=\"https:\/\/financialpost.com\/transportation\/canadian-trips-us-climb-first-time-trump-second-term\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"slk:Read the story;elm:context_link;itc:0;sec:content-canvas\" data-yga=\"{&quot;yLinkElement&quot;:&quot;context_link&quot;,&quot;yModuleName&quot;:&quot;content-canvas&quot;,&quot;yLinkText&quot;:&quot;Read the story&quot;}\" class=\"link \">Read the story<\/a><\/p>\n<p>       <img decoding=\"async\" src=\"data:image\/gif;base64,R0lGODlhAQABAIAAAAAAAP\/\/\/ywAAAAAAQABAAACAUwAOw==\" alt=\" Canada\u2019s artificial intelligence strategy is long on words and designed to achieve political objectives rather than economic ones, writes Kim Moody.\" loading=\"lazy\" height=\"720\" width=\"960\" class=\"yf-lglytj loader\"\/>  Canada\u2019s artificial intelligence strategy is long on words and designed to achieve political objectives rather than economic ones, writes Kim Moody.      <\/p>\n<p class=\"yf-1fy9kyt\"><a href=\"https:\/\/financialpost.com\/personal-finance\/canadas-ai-strategy-compounds-taxation-mistakes\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"slk:Canada\u2019s AI strategy compounds the taxation mistakes the federal government is already making;elm:context_link;itc:0;sec:content-canvas\" data-yga=\"{&quot;yLinkElement&quot;:&quot;context_link&quot;,&quot;yModuleName&quot;:&quot;content-canvas&quot;,&quot;yLinkText&quot;:&quot;Canada\u2019s AI strategy compounds the taxation mistakes the federal government is already making&quot;}\" class=\"link \">Canada\u2019s AI strategy compounds the taxation mistakes the federal government is already making<\/a><\/p>\n<p class=\"yf-1fy9kyt\">Glaringly missing from the federal artificial intelligence strategy is how the founders, engineers and investors who will build Canada\u2019s AI future will be encouraged to take the necessary steps and risks, writes Kim Moody.<\/p>\n<p class=\"yf-1fy9kyt\"><a href=\"https:\/\/financialpost.com\/personal-finance\/canadas-ai-strategy-compounds-taxation-mistakes\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"slk:Read the story;elm:context_link;itc:0;sec:content-canvas\" data-yga=\"{&quot;yLinkElement&quot;:&quot;context_link&quot;,&quot;yModuleName&quot;:&quot;content-canvas&quot;,&quot;yLinkText&quot;:&quot;Read the story&quot;}\" class=\"link \">Read the story<\/a><\/p>\n<p>       <img decoding=\"async\" src=\"data:image\/gif;base64,R0lGODlhAQABAIAAAAAAAP\/\/\/ywAAAAAAQABAAACAUwAOw==\" alt=\" EYnet is developing a method to securely transmit encryption keys from space.\" loading=\"lazy\" height=\"720\" width=\"960\" class=\"yf-lglytj loader\"\/>  EYnet is developing a method to securely transmit encryption keys from space.      <\/p>\n<p class=\"yf-1fy9kyt\"><a href=\"https:\/\/financialpost.com\/technology\/ontario-startup-solve-threat-secure-communication\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"slk:Ontario startup aims to solve what may be the biggest threat to globally secure communication;elm:context_link;itc:0;sec:content-canvas\" data-yga=\"{&quot;yLinkElement&quot;:&quot;context_link&quot;,&quot;yModuleName&quot;:&quot;content-canvas&quot;,&quot;yLinkText&quot;:&quot;Ontario startup aims to solve what may be the biggest threat to globally secure communication&quot;}\" class=\"link \">Ontario startup aims to solve what may be the biggest threat to globally secure communication<\/a><\/p>\n<p class=\"yf-1fy9kyt\">Many fear quantum computers will be able to decrypt today\u2019s encrypted data within the next decade or less, but Maple, Ont.-based QEYnet wants to use the laws of quantum physics to turn the table.<\/p>\n<p class=\"yf-1fy9kyt\"><a href=\"https:\/\/financialpost.com\/technology\/ontario-startup-solve-threat-secure-communication\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"slk:Read the story;elm:context_link;itc:0;sec:content-canvas\" data-yga=\"{&quot;yLinkElement&quot;:&quot;context_link&quot;,&quot;yModuleName&quot;:&quot;content-canvas&quot;,&quot;yLinkText&quot;:&quot;Read the story&quot;}\" class=\"link \">Read the story<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"Tiff Macklem, governor of the Bank of Canada during a news conference in Ottawa on June 10. (Credit:&hellip;\n","protected":false},"author":2,"featured_media":758476,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[270521,52,45,49,48,46,239967,152497,25902],"class_list":["post-758475","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-ballard-power-systems-inc","tag-bank-of-canada","tag-business","tag-ca","tag-canada","tag-economy","tag-hydrogen-fuel","tag-hydrogen-fuel-cells","tag-tiff-macklem"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/758475","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=758475"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/758475\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/758476"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=758475"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=758475"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=758475"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}