Key View

• Major oil and gas producers in Canada cut their 2020 capital expenditure budgets as they face an over 80% drop in Western Canada Select price from the levels in early March.
• Companies are likely to defer upstream projects as both oil sands mines and offshore projects face challenges. 
• Given the recent announcements from the largest

Key View

• Amgen and Takeda's involvement in Feldan Shuttle will accelerate R&D for the intracellular delivery technology.
• The Feldan Shuttle's collaboration from private and public sectors will boost Quebec’s Life Sciences sector in the long-term.

Amgen and Takeda are the latest pharmaceutical companies to fund Feldan Therapeutics

Key View

• The apparent failure of Innovative Medicines Canada companies to meet their 10% R&D spending to sales ratio has long been a source of frustration for the Canadian Generic Pharmaceutical Association and these latest data show the situation to be worsening.
• Innovative Medicines Canada has previously argued that the statistics are

Key View

• GM's planned closure of a car plant in Ontario has led us to revise our passenger car production forecast for 2019 to a 20% decline.
• Light truck production will also decline in 2019 as regional demand softens and some GM assembly is removed from the market.
• Heavy truck production will continue to be the bright spot, although the

Key View

• By voting to legalise recreational marijuana at the national level, Canada is widely considered to be in violation of three key international treaties maintaining the prohibition of marijuana.
• The Canadian government has the option to either openly violate, exit or attempt to reform the treaties. The government has yet to announce its

Key View

- Vehicle production in Canada will decline by 5.3% in 2018 based on extended shutdowns and retooling for future projects.

- Passenger car production will decline the most at 10.0%, compared with 3.0% for light truck production.

- The future trade relationship with the US is the biggest risk to production over our forecast period given

Canadian bank bail-in rules, which come into effect on Sept. 23, finalize a credible resolution framework for Canadian domestic systemically important banks (DSIBs). With the bail-in, total loss absorbing capacity (TLAC) and nonviability contingent capital (NVCC) requirements in place, Canada has completed the main tenets of an orderly resolution