Daily brief
Germany and Canada are nearing a major LNG deal as Europe seeks to diversify its energy sources away from Russian supply. The agreement would see Canadian liquefied natural gas exported to Germany, with a formal signing expected soon. The deal underscores growing energy ties between the two countries amid the ongoing geopolitical shift in European energy markets.
Airbus is considering building helicopters in Canada for global export, eyeing the country as a potential production hub.
The Bank of Canada warns that a low-hire, low-fire job market is creating economic inertia, limiting labor market dynamism.
Vancouver-based Hiive, a fast-growing private company stock exchange, is being sued by a Nasdaq spinoff.
Apple and Google warn that encryption services are at risk under a proposed Canadian bill.