Bloomberg - Evening Briefing - Canada’s dirty secret

Bloomberg Evening Briefing

Prime Minister Justin Trudeau pitches Canada as a global climate leader, one that’s adopted ever-bolder climate targets and policies under his watch. But Canada’s greenhouse gas emissions tell an entirely different story. And it’s a dirty one at that—dirtier even than that of its carbon-spewing neighbor to the south.

Canada’s peers in the Group of Seven, or G-7, have managed to achieve economic growth while simultaneously cutting emissions. But Canada’s environmental commissioner says the country is struggling to bend the curve. Among the G-20 nations, Canada ranks behind only Saudi Arabia when it comes to per capita emissions.

Here are today’s top stories

China’s top technology overseer convened a series of emergency meetings with leading semiconductor companies, seeking to assess the damage from the Biden administration’s sweeping chip restrictions.

The US Internal Revenue Service has raised tax brackets and the standard deduction by about 7% to address high consumer prices. That’s the largest increase to the standard deduction since the tax system was first indexed to inflation in 1985.

Covid-19 shots should be added to the 2023 childhood and adult vaccination schedules, according to a panel of US health advisers.  Inoculation schedules are revised annually by the committee, and states usually incorporate its recommendations when establishing which shots kids must have to enter daycare and school. However, the states don’t have follow the experts’ advice.

Given the public humiliation she endured at the hands of Labour Party Leader Keir Starmer this week, brutal even by the standards of the House of Commons, Liz Truss’s resignation Thursday came as little surprise to many. Now a third Tory government in as many months is in the offing, after two imploded in quick succession thanks to scandal and self-inflicted financial calamity. One might think the Tories, facing a furious public and teetering economy said by some to resemble that of a developing nation, would want to put the people who did this to them in the rear-view mirror. You might be wrong.

Boris Johnson may be making a comeback Photographer: Hollie Adams/Bloomberg

It’s the middle managers who are reporting the highest levels of stress and anxiety and the worst work-life balance. A new poll claims that a record 43% of managers say they’re burned out, the highest of any job level. 

Snap reported its slowest quarterly sales growth ever, saying that a decline in advertising spending continues to drag on results. The maker of the Snapchat app said third-quarter sales increased 6% to $1.13 billion. Still, shares plunged more than 20%.

Two friends from high school had just gone into business selling guns when the Sandy Hook Elementary School massacre prompted state lawmakers there and elsewhere to try to ban so-called assault rifles. Meanwhile the gun that buyers wanted more than any other was the type the shooter used to murder 26 on Dec. 14, 2012: the AR-15-style semiautomatic rifle. For Edward Newman and Peter Morrisey, the crackdown that followed the mass killing of Connecticut children spelled opportunity for their Long Island gun company.

Dark Storm co-owner Edward Newman Photographer: Thomas Simonetti/Bloomberg

Bloomberg continues to track the global coronavirus pandemic. Click here for daily updates.

 What you’ll need to know tomorrow

Royal Caribbean Ship Will Be World’s Biggest

The cruise industry may still be struggling to recover from the first years of the pandemic, but Royal Caribbean Cruises will soon begin taking reservations for its newest vessel. The Icon of the Seas will accommodate 5,610 passengers and 2,350 crew. At 250,800 gross tons, it will be the largest by that industry measure.

A rendering of the Icon of the Seas Source: Royal Caribbean Cruises Ltd.

Older messages

Lost leverage

Wednesday, October 19, 2022

Bloomberg Evening Briefing View in browser Bloomberg Long maligned as the debt-addicted corporate raiders of Wall Street, private equity firms are resorting to an unusual maneuver to get deals done as

Screaming capitulation

Tuesday, October 18, 2022

Bloomberg Evening Briefing View in browser Bloomberg Sometimes giving up is a good thing. The sentiment on stocks and global growth among fund managers surveyed by Bank of America “screams” what Wall

Goldman does it again

Monday, October 17, 2022

Bloomberg Evening Briefing View in browser Bloomberg Goldman Sachs Chief Executive Officer David Solomon is embarking on his third major reorganization of the bank in four years, undoing changes made

‘Worst is yet to come’

Saturday, October 15, 2022

Bloomberg Weekend Reading View in browser Bloomberg Follow Us Get the newsletter US core inflation hit a 40-year high, dashing hopes the Federal Reserve will dial back interest-rate hikes that may tip

Bad end to a wild week

Friday, October 14, 2022

Bloomberg Evening Briefing View in browser Bloomberg At times this week, not even a crystal ball could have foretold which way the stock market would go. Red-hot consumer prices? Stocks weirdly rallied

You Might Also Like

🇨🇳 The US is out, China is in

Tuesday, March 11, 2025

Citigroup's forecast for US and Chinese stocks, Lego stacked bricks, and Boeing's investigation | Finimize Hi Reader, here's what you need to know for March 12th in 3:10 minutes. Citigroup

The Under-the-Radar Threat to Your Retirement

Tuesday, March 11, 2025

Nearly half of older adults are burdened by bad debt ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌

15 Years Since We Bought Our Toxic Asset

Tuesday, March 11, 2025

In a new Planet Money plus episode, former Planet Money hosts David Kestenbaum and Chana Joffe-Walt look back at a pioneering series that sought to explain a major source of the 2008 financial crisis.

👋 Investors ditched the S&P 500

Monday, March 10, 2025

The US president didn't rule out a recession, but TSMC eased some of investors' other worries | Finimize Hi Reader, here's what you need to know for March 11th in 3:07 minutes. TSMC's

💳 Find a new credit card

Monday, March 10, 2025

Let's get those rewards ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌

Text and Telos

Monday, March 10, 2025

Plus! Diff Jobs; Scaling; Retail Investors; Comparative Advantage; Transaction Costs and Corporate Structure; DeepSeek Governance Text and Telos By Byrne Hobart • 10 Mar 2025 View in browser View in

Longreads + Open Thread

Saturday, March 8, 2025

Personal Essays, Lies, Popes, GPT-4.5, Banks, Buy-and-Hold, Advanced Portfolio Management, Trade, Karp Longreads + Open Thread By Byrne Hobart • 8 Mar 2025 View in browser View in browser Longreads

💸 A $24 billion grocery haul

Friday, March 7, 2025

Walgreens landed in a shopping basket, crypto investors felt pranked by the president, and a burger made of skin | Finimize Hi Reader, here's what you need to know for March 8th in 3:11 minutes.

The financial toll of a divorce can be devastating

Friday, March 7, 2025

Here are some options to get back on track ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌

Too Big To Fail?

Friday, March 7, 2025

Revisiting Millennium and Multi-Manager Hedge Funds ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏