News of the day: Global imbalances, hydrogen pivot, Canadians flying south, AI strategy tax mistakes, Ontario quantum startup and more

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Tiff Macklem, governor of the Bank of Canada during a news conference in Ottawa on June 10, 2026.Tiff Macklem, governor of the Bank of Canada during a news conference in Ottawa on June 10. Photo by HYUNGCHEOL PARK/Postmedia

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It’s Tuesday, June 23. Here are the top stories we’re following today.

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In a speech to the Chambre de commerce France-Canada in Paris, Bank of Canada governor Tiff Macklem said that imbalances were growing at a time when the financial system was also evolving and becoming faster and less regulated.

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Hydrogen fuel cells stand at the Ballard Power Systems Inc. facility in Burnaby, British Columbia, Canada, on Friday, April 22, 2016. Ballard Power Systems Inc.’s combination with GeoPura Ltd. will create an entry point to the market for zero-emission backup power solutions. Photo by James MacDonald/Bloomberg

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The lack of access to hydrogen has been a key hurdle to Ballard Power Systems Inc. selling its hydrogen fuel cells, which are like engines that produce electricity from hydrogen and oxygen. By combining with GeoPura Ltd., Ballard hopes customers will buy its hydrogen fuel cells and its hydrogen fuel.

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A traveller walks past Air Canada planes at Pearson International Airport in Toronto. A traveller walks past Air Canada planes at Pearson International Airport in Toronto. Photo by POSTMEDIA NEWS ARCHIVES

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In April, Canadian residents took 2.4 million trips to the United States, a 1.8 per cent increase from the same month a year earlier, according to Statistics Canada’s monthly data on travel between Canada and other countries.

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A captivating image featuring an abstract AI symbol hovering above the Canadian flag with a shallow depth of field, symbolizing Canada’s advancements in artificial intelligence, technological innovation, and digital transformation. Canada’s artificial intelligence strategy is long on words and designed to achieve political objectives rather than economic ones, writes Kim Moody. Photo by J Studios/getty Images

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Glaringly missing from the federal artificial intelligence strategy is how the founders, engineers and investors who will build Canada’s AI future will be encouraged to take the necessary steps and risks, writes Kim Moody.

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Kishore Nedumaran, a mechanical engineer at QEYnet EYnet is developing a method to securely transmit encryption keys from space. Photo by Handout /QEYnet

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Many fear quantum computers will be able to decrypt today’s encrypted data within the next decade or less, but Maple, Ont.-based QEYnet wants to use the laws of quantum physics to turn the table.

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