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5 things you need to know this morning: May 21, 2026

Start your day off right with five things you need to know this morning.

Five things you need to know

1. Carney reveals 'non-negotiable' conditions for oil pipeline, warns BC not to stall project

Mark Carney has spelled out his "non-negotiable" conditions for granting Alberta permission to build an oil pipeline to the BC coast. Speaking in Vancouver on Wednesday, the prime minister said the project must include the estimated $16.5 billion carbon capture project known as Pathways, must include consultation and "opportunities for co-ownership" with First Nations and must include "substantial economic and financial benefits" for British Columbians. Carney also warned his BC audience that Canada is "a big country" with "lots of things going on," adding: "If things get stalled here, we’re going to be spending more time elsewhere in the country."


2. Taxpayers will spend over $1 billion to host World Cup this summer: PBO

Canadians will be paying a little over $1 billion to host the World Cup this summer alongside the US and Mexico. The Office of the Parliamentary Budget Officer said on Wednesday that the estimated sum includes spending at all levels of government, and amounts to $82 million per game hosted in Canada. The Vancouver-related costs, which will be shared across the three levels of government, are expected to be $578 million.


3. Climate activist shareholder group shuts down, says firms now saying 'we're not going to do anything'

A climate change activist group is shutting down in Canada, arguing that “investor accountability has reached its limits" and "corporate Canada" is now saying "we're not going to do anything." Investor for Paris Compliance, a politicized shareholder collective of the sort championed by Mark Carney, was founded five years ago with the intention of pushing banks, insurers and resources companies to outline plans to reach net zero. But its executive director said "it was a different time," adding: "There was a slew of net-zero announcements coming out seemingly every day from corporate Canada." He said he and his fellow activists will now regroup.


4. Liberals nominate Canada's top general for senior NATO job

Canada's top general, Jennie Carignan, has been nominated by the Liberal government as the potential chair of the NATO Military Committee. Carignan would have to step down from her role in Canada if she were elected to the NATO position.


5. Military personnel in Ottawa told to return gear due to 'challenges with stock levels'

Canada's military, however, remains in a desperately poor state, with the Globe and Mail reporting that personnel in the Ottawa region are being told to return gear to address “critical equipment shortages” for "deployable" troops. Among the items personnel have been told to return are backpacks and fragmentation vests. The federal government told the paper that there are "currently challenges with stock levels of rucksacks, patrol packs, tactical vests and fragmentation vests in some sizes due to higher consumption," adding: “Several procurements are currently ongoing to replenish stock levels for these items.”

Thumbnail photo credit: Mark Carney/X


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