The bill bans the capture of wild cetaceans but does allow for rehabilitation and rescue of these animals. Cetaceans require the ocean, they require the space, they require acoustic communication over long distances.” “We understand why because they are obviously not akin to other animals, for instance, livestock. “Many scientists testified to why it was critical that we stop keeping cetaceans in captivity,” said Elizabeth May, a Green Party leader who sponsored the bill. The Best Good News Stories From Canada Innovative Legislation Bans Whale and Dolphin Captivity in CanadaĪ federal bill in Canada is phasing out the practice of holding cetaceans - such as dolphins, whales, and porpoises - in captivity, marking a major win for activists and politicians, who say it’s an important development for animal rights in the country. (We'll continue to add more stories to it over time.) We can't help but be hopeful about the future after reading these! Here’s a roundup of our favorite positive good news stories from Canada. And time and time again, we come across incredible positive news stories coming out of Canada. Canadians know this all too well - and are simultaneously at the forefront of making the world a better, more optimistic place.Īt Good Good Good, our goal is to cover every piece of good news that happens in the world, no matter how big or small. The CCMS will also support the industry shift to a T+1 settlement cycle for the Canadian and US markets in 2024, to promote increased efficiencies and collateral mobility, while reducing operational risk.There's something to be said for maintaining a sense of hopefulness, especially in difficult times. The initial phase of the CCMS will be offered to market participants in Canada’s secured funding market, providing an automated and efficient process throughout the transaction cycle. Targeted for launch in the third quarter of 2023, the new CCMS will facilitate optimisation and collateralisation of securities finance activities throughout the Canadian market. Clients will also benefit from Clearstream’s industry-leading technology and digital innovation, such as the cloud-based, digital collateral schedule capability known as OSCAR.” CCMS will deliver increased liquidity and efficiency while minimising exposures, supporting the Canadian market on its endeavor to move to T+1. In TMX, we have found an excellent partner to deliver our proven first-class triparty repo capability to the Canadian market. Sam Riley, Chief Executive Officer of Clearstream Securities Services, added: “It is at the heart of Clearstream’s collateral management strategy to provide our clients with reliable and scalable state-of-the-art solutions that reduce the frictional costs of trading through transparency and automation. The new CCMS will enable our clients to better meet the continuously evolving collateral requirements of today’s markets, while supporting the growth of repos as an investment product for Canadian buy and sell side clients.” “In keeping with our purpose to make markets better and empower bold ideas, TMX is firmly committed to seeking out innovative, workable solutions to client challenges and strengthening Canada’s financial ecosystem. “We are pleased to work together with Clearstream, a world-leader in post-trade infrastructure and securities services in pursuit of a customised mobility and liquidity solution for Canada’s secured finance industry,” said John McKenzie, Chief Executive Officer of TMX Group. Together, TMX Group and Clearstream are working to leverage the combined strength of their complementary services to develop and deliver the CCMS, which will include the introduction of Canada's first domestic triparty repo capability.
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