Crypto News 

Canadian Blockchain Firm Launches USD-Pegged Stablecoin CUSD

“Canadian blockchain research firm Blockchain Venture Capital Inc. (BVCI) has officially launched a United States dollar-pegged stablecoin, the CUSD, according to a press release published on Nov. 11” writes Helen Partz for cointelegraph.com. Through CUSD stablecoin, BVCI will facilitate cashless transactions with USD deposited into an escrow account with a U.S.-based financial institution, the company noted.BVCI is a financial services firm incorporated in Ontario, the most populated province in Canada, according to the BVCI’s website. Source: cointelegraph.com

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Canadians exposed to high levels of lead in drinking water, investigation finds

“Hundreds of thousands of Canadians have been unwittingly exposed to high levels of lead in their drinking water, according to an investigation that tested drinking water in hundreds of homes and reviewed thousands more previously undisclosed results” writes Associated Press In for theguardian.com. The investigation found some schools and daycare centers had lead levels so high that researchers noted it could harm children’s health. Source: theguardian.com

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Crypto News 

Canada Pushes to Regulate Crypto Adoption, Forgoing Volatile BTC Past

“The Blockchain Consensus report was released on Oct. 4, 2019 by the Chamber of Digital Commerce Canada, exploring the blockchain ecosystem in Canada” writes Kyle White for cointelegraph.com. A review of Canada in cryptocurrency would not be complete without talking about QuadrigaCX, a defunct Canada-based exchange.The history of crypto in Canada may seem as volatile as a token with a small market cap, yet mainstream use and adoption have been on a consistent incline since 2013, when Canadians started pushing mainstream adoption. Source: cointelegraph.com

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Quebec raises legal consumption age for cannabis to 21

“No other province in Canada has a legal cannabis consumption age over 19” writes Tracey Lindeman for theguardian.com. At least some of those enthusiasts will be gravely disappointed after a new law passed by the provincial government has raised the legal consumption age from 18 to 21. The legal age to vote, buy cigarettes and drink in Quebec is 18.Despite these laws, legal cannabis has been extremely popular in the province – and lucrative for the government. Source: theguardian.com

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Bank of Canada seen on hold, inviting ‘hot-money’ flows

“Canada’s central bank will wait until the first quarter of next year before easing, a Reuters poll showed last week” writes Midwest Communications Inc for 95kqds.com. That could invite “hot-money” investors, who favor currencies with the highest interest rates, to buy Canadian dollars. “For now, both are likely doing just enough to avoid any ease from the central bank that is concerned about stoking household affordability and household debt issues,” Mendes added.The Fed is expected on Wednesday to lower the range for its policy rate to below the Bank of…

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Trudeau maintains his slippery grip on power

“He narrowly managed to maintain power, with the Liberal Party winning enough seats for him to form a minority government” writes Siobh N O’grady for washingtonpost.com. In 2015, he swept to power promising to serve as a progressive alternative to his predecessor, Stephen Harper, a Conservative who, after about a decade in power, faced mounting discontent. Source: washingtonpost.com

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Canada votes in election that could see Trudeau lose power

“Canadian Prime Minister Justin Trudeau faced the threat of being knocked from power after one term as the nation held parliamentary elections Monday” writes The Associated Press for latimes.com. It’s been 84 years since a first-term Canadian prime minister with a parliamentary majority lost a bid for reelection.The 47-year-old Trudeau channeled the star power of his father, the late Prime Minister Pierre Trudeau, when he won in 2015, but a combination of scandal and high expectations have damaged his prospects. Source: latimes.com

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From blackface to ‘values’, race becomes more overt issue in Canada election

“In recent Canadian election campaigns, the issue of race lurked below the surface but was less overt” writes Midwest Communications Inc for 95kqds.com. Mendes cited the PPC’s platforms and a controversial Quebec law that bans certain public employees from wearing religious symbols such as turbans, hijabs and Jewish skull caps in the predominantly French-speaking province. Source: 95kqds.com

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Report: Canada Exploring Digital Currency to Track People’s Spending Habits

“The central bank purportedly believes that a public central bank digital currency (CBDC) could be the answer to the direct threat that cryptocurrencies apparently present” writes Joeri Cant for cointelegraph.com. The Canadian central bank is reportedly considering launching a proprietary digital currency.On Oct. 16, news outlet The Logic reported that the Bank of Canada is exploring the possible opportunities and challenges related to launching its own digital currency.These personal details wouldn’t be shared with the payee, but could be shared with police or tax authorities, the document reads.The author of…

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