Canada's environment ministry statement via Reuters headlines:

  • says developing guidance to ensure all new oil and gas projects will demonstrate "best in class" low emissions performance
  • says all new oil and gas projects will have to show they can achieve net-zero emissions by 2050

By 2050 gives 'em a little breathing space at least.

CAD continued to lose ground after the FOMC minutes (against the USD at least):

usdcad 07 April 2022