Vancouver may try to integrate Bitcoin into city finances just as the digital token’s value is surging, a rally fueled by US President-elect Donald Trump’s support for crypto, Bloomberg News reported. City council will consider a motion on Dec. 11 from Mayor Ken Sim titled “Preserving of the city’s purchasing power through diversification of financial reserves – becoming a Bitcoin friendly city.” Sim’s ABC Vancouver party has a majority of the 11 votes on council.

The Canadian government rolled out C$49 billion ($34.8 billion) in loans to businesses during the Covid-19 pandemic without “due regard for value for money,” the country’s auditor general said, Bloomberg News reported. About C$3.5 billion was paid out to more than 77,000 ineligible businesses that applied to the Canada Emergency Business Account (CEBA), Karen Hogan concluded in a report on Monday. That’s 9% of the nearly 900,000 Canadian businesses that received loans through the program, which was introduced by Prime Minister Justin Trudeau’s government in 2020.

Electric bus manufacturer Lion Electric Co. is temporarily laying off about 400 workers and halting operations at its Illinois factory to save cash after receiving a short-term lifeline from its lenders, Bloomberg News reported. The Saint-Jerome, Quebec-based company made the announcement after a Saturday deadline to meet its obligations to key creditors passed. The extensions until Dec. 16 apply to a credit agreement with a syndicate of lenders and a loan provided by the Caisse de Depot et Placement du Quebec and Finalta Capital Inc., Lion said in a statement Sunday.

Donald Trump’s new tariff pledges send a clear signal that he wants to rewrite the terms of North America’s free-trade pact and follow through with plans to hit China with tariffs, demonstrating to allies and adversaries alike that he is serious about renewing confrontation over a global trading system that he believes costs the U.S. dearly, the Wall Street Journal reported.

Canadian Prime Minister Justin Trudeau 's government announced plans Thursday to temporarily lift the federal sales tax off a number of items and send checks to millions of Canadians who are dealing with rising costs and as a federal election looms, the Associated Press reported. The measures come as a cost of living crisis has left voters unhappy with Trudeau and ahead of an election that could come anytime between this fall and next October. “Our government can’t set prices at the checkout, but we can put more money in people’s pockets,” Trudeau said at a news conference in Toronto.

Canada’s banking and insurance regulator said it expects executives and boards to be accountable for their company culture, and it’s beefing up its rules on how to do that, Bloomberg News reported.

Canada’s Flair Airlines Ltd. is looking to raise around $150 million of senior debt as part of an ongoing overhaul at the budget carrier, Bloomberg News reported. The firm, which said in August that it was in talks to raise funds, is working with Haywood Securities Inc. to do so. Flair recently reported C$14.7 million ($10.5 million) of third-quarter Ebitda. “We had a great third quarter and look forward to serving the Canadian public for the long term,” a Flair spokesperson said in a statement to Bloomberg News while declining to comment on financial details.