By Simon Grant, Karen Dawson, Adam Taylor, Serge Dupont and Jess Horwitz Canada Development Investment Corp. (CDEV) has announced the launch of the Large Enterprise Tariff Loan (LETL) facility, a new government-backed loan facility to support large Canadian enterprises affected by actual and potential new US tariffs and associated Canadian import countermeasures and which face challenges accessing traditional sources of market financing. CDEV, a Canadian federal Crown corporation reporting to the Minister of Finance, will manage the facility through its subsidiary,...

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House Members Focus Their Attention on Federal Tax Credits for Pending Budget Reconciliation Process As the U.S. Congress gears up for the budget reconciliation process, several Republican and Democratic members of the House of Representatives have urged House leadership to maintain certain key federal energy tax credits authorized by the Inflation Reduction Act of 2022 (IRA). On March 9, 2025, in a letter to Representative Jason Smith (R-MO), chair of the House Ways and Means Committee, 21 Republican House members requested...

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On April 22, 2025, the EU Commission’s AI Office published draft guidelines to clarify the obligations in the EU AI Act for providers of general-purpose AI models (guidelines). These obligations will be applicable to AI models released in the EU market after August 2, 2025. The guidelines are currently open for public consultation, and the AI Office invited stakeholders to provide feedback by May 22, 2025, using this form. The AI Office plans to adopt a final version of the guidelines before...

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European Commission imposes landmark DMA fines on Apple and Meta On Wednesday (23 April), the European Commission sent a strong message to Big Tech companies by announcing significant fines for Apple and Meta due to their non-compliance with the EU’s Digital Markets Act. The European Commission fined Apple €500 million and Meta €200 million, asserting that both giants have stifled competition and limited consumer choice through their operational practices. This decisive action marks the first instance of non-compliance fines issued under the...

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CFOs and CISOs should collaborate to mitigate cyber risks, strengthen internal controls and confirm accurate financial reporting. Regular evaluations of cyber risks, including identity management, endpoint security and third-party risks help maintain financial data integrity. Prioritizing financial systems in response plans supports resilience, accurate disclosures and faster recovery from cyber threats. Ongoing communication between finance and security teams makes sure cybersecurity measures evolve with business changes and regulatory demands. As cyber threats become more sophisticated and pervasive, collaboration between...

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