May 31, 2026 to June 06, 2026

This is Queen Street Analytics' weekly digest of regulatory developments, legislative discussions and other government-related news for professionals in the financial industry, banking, credit unions, insurance, payment processing, fintech, credit card issuing, asset management, venture capital, private equity, and crypto-currencies. Once a week, we break down the most important updates in this space in under five minutes.

Want to track other GR news in adjacent industries? Don’t miss this week’s updates in ICT & Cybersecurity. Also consider subscribing to our Finance - Washington edition covering critical GR news south of the border.

📋 In This Week's Newsletter

• 🏛️ This Week's Parliamentary Calendar
• 🇨🇦 Federal Government News
• 🗺️ Provincial Government News
• 📚 What We're Reading This Week

This Week's Parliamentary Calendar

• Finance Committee to Hold Clause-by-Clause on Bill C-30, Spring Economic Update Implementation Act: On June 8, 2026, the House Finance Committee will conduct clause-by-clause review of Bill C-30, which includes provisions from the spring 2026 economic update, with testimony from officials at the Department of Finance, Employment and Social Development, and others.
• Industry and Technology Committee to Review Economic and Supply Chain Impacts of U.S. Tariffs, and Financial Fraud: The Industry and Technology Committee meets June 8 to review a draft report on U.S. tariffs' impact on Canada's metallurgical and advanced manufacturing sectors and to hear expert evidence on financial fraud and scams in Canada.
• Human Resources Committee Schedules Hearing on Housing Starts and Federal Programs: On June 8, the HUMA Committee will hear from Canada Mortgage and Housing Corporation executives regarding housing starts in the context of federal housing programs.
• Access to Information, Privacy and Ethics Committee to Examine Minister’s Connection to Alto: A televised session on June 11 will see Finance Minister François-Philippe Champagne appear before the Ethics Committee on matters concerning his connection to Alto, followed by testimony from the Office of the Conflict of Interest and Ethics Commissioner.
• Senate Banking Committee to Assess SME Access to Credit and Capital Markets: The Standing Senate Committee on Banking, Commerce and the Economy will examine SME access to credit and capital markets at a videoconference meeting June 11, including discussion of future committee business.

Federal Government News

Government of Canada Renews Funding for International Sustainability Standards Board Office in Montréal

On June 5, 2026, Ryan Turnbull, Parliamentary Secretary to the Minister of Finance and National Revenue, announced a $10 million federal investment over five years to support the International Sustainability Standards Board (ISSB) in Montréal. The funding, which is dispersed by Canada Economic Development for Quebec Regions, is bolstered by contributions from a range of Canadian public and private institutions. The ISSB develops global sustainability-related disclosure frameworks, adopted domestically by the Canadian Sustainability Standards Board, enabling consistent evaluation of climate-related risks by corporations and investors. Federal support will facilitate ongoing engagement with market participants across Canada and the Americas regarding climate financial disclosure adoption. This initiative aims to support the adoption of international standards for risk management and capital allocation, aligning with commitments in Budget 2025. Additional updates on inter-jurisdictional cooperation for standard implementation are anticipated in the coming months.

Sources: www.canada.ca

Department of Finance Announces up to $90 Million in Loans to Transportation and Logistics Firm

On June 3, the Honourable François-Philippe Champagne, Minister of Finance and National Revenue, announced the approval of up to $90 million in loan assistance for C.A.T. North America Inc., one of the country's significant logistics and transportation employers. This support is made available via the Large Enterprise Tariff Loan facility, designed to help maintain C.A.T.'s Canadian operations, protect approximately 1,670 jobs, and preserve key supply chain capacity. C.A.T. operates a fleet of over 1,500 power units and 5,000 trailers, providing intermodal, warehousing, and cross-border freight services. The new funds target challenges created by volatile trade patterns impacting freight volumes and operational efficiency in the logistics sector.

Sources: www.canada.ca

Elizabeth Cannon Appointed to Canada Pension Plan Investment Board, Susan Hutton Named to Canadian International Trade Tribunal

The Government of Canada announced new appointments on June 1, 2026. Elizabeth Cannon will join the Canada Pension Plan Investment Board’s Board of Directors for a three-year term. Susan Hutton was named as a temporary member to the Canadian International Trade Tribunal, also for three years. These appointments follow an open, competency-based process intended to select candidates with sectoral expertise.

Sources: www.canada.ca

Biographical Note: Susan M. Hutton Joins Canadian International Trade Tribunal

Susan Hutton, an adjunct lecturer at Queen’s University Faculty of Law and former partner specializing in competition, foreign investment, and international trade law, commenced her three-year term as a temporary member of the Canadian International Trade Tribunal. Hutton brings more than 30 years of experience in administrative law and has served in various leadership roles with the Canadian Bar Association and C.D. Howe Institute Competition Policy Council.

Sources: www.canada.ca

Parliamentary Secretary Turnbull to Announce ISSB Support at Sustainable Finance Summit

On June 4, the Department of Finance Canada previewed that Parliamentary Secretary Ryan Turnbull, on behalf of Minister François-Philippe Champagne, would announce continued federal backing for the ISSB in Montréal at the Sustainable Finance Summit on June 5. The event would address internationally aligned disclosure standards for climate-related financial risks and include a media Q&A following the presentation.

Sources: www.canada.ca

Minister Champagne to Participate in Conference of Montreal Fireside Chat on Economic Priorities

Minister of Finance and National Revenue, François-Philippe Champagne, is scheduled for a fireside discussion with OECD Secretary-General Mathias Cormann on June 8, 2026, at the 32nd Conference of Montreal. The session is expected to cover themes including investment, Canada’s competitiveness agenda, and economic challenges in the international context. The event will be livestreamed and include media engagement.

Sources: www.canada.ca

Government Extends Stakeholder Engagement on Regulatory Process Reforms

On June 4, 2026, Minister Dominic LeBlanc and Minister Steven MacKinnon announced an extension to the public consultation period on proposals to streamline federal regulatory approval processes. The engagement, launched May 8, aims to reduce federal review and decision timelines to a maximum of one year post-proponent information submission. Feedback from stakeholders, including industry groups, will be accepted until July 22, 2026. The government plans to introduce related legislation in Parliament’s next session.

Sources: www.canada.ca

Statistics Canada Publishes Mining Industries: Principal Statistics for 2024

On June 3, 2026, Statistics Canada released principal statistics for the mining sector for the 2024 reference year, with national, provincial, and territorial employment and financial metrics now available. The dataset is expected to inform financial and risk analysis for creditors and institutional investors active in the mining sector.

Sources: www.statcan.gc.ca

Provincial Government News

Quebec Publishes North America’s First Sustainable Finance Roadmap

On June 5, Quebec’s Ministry of Finance, in partnership with the Ministry of the Environment and Finance Montreal, released the first sustainable finance roadmap in North America, focusing on economic transition, workforce development, and positioning Quebec as a leader in sustainable finance.

Sources: www.quebec.ca

Ontario Finance Minister Schedules Press Conference on June 3

Ontario’s Finance Minister Peter Bethlenfalvy and Minister of Municipal Affairs and Housing Rob Flack are set to deliver remarks and take questions at a Scarborough media event on June 3, 2026. The session will be livestreamed with closed captioning.

Sources: news.ontario.ca

What We're Reading This Week

• Why infrastructure belongs in a modern investment portfolio: Coverage of infrastructure’s role within investment portfolio construction for institutional investors.
• Swiss Funds With $270 Billion Plan to Blacklist Big Oil's Bonds: Swiss pension and sovereign funds announce intent to remove major oil bonds from their investible universe.
• News of the day: Canada's AI strategy, interest rate predictions, defined contribution pensions, joint account owners, CUSMA negotiations and more: Brief update of financial sector headlines including interest rate and pension news.

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