Prediction trading is coming to Canada

Prediction trading is exploding in popularity, with the industry set to rake in about US$2 billion in revenue this year alone. Companies like Kalshi and Polymarket have popularized the practice, which lets you bet on nearly anything – from Taylor Swift’s marriage status to election outcomes. This past week, Canadian company Wealthsimple cleared hurdles to offer Canadians something similar, but the rules will be different here and a fragmented system makes regulation tricky. The Globe’s retirement and financial planning reporter Meera Raman broke the Wealthsimple news. She joins us to explain what the market may look like in Canada and the challenges regulators face in protecting investors. Questions? Comments? Ideas? Email us at [email protected]. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

This week, decisions in two landmark trials in the U.S. found social media companies responsible for harms to youth on their platforms. They follow years of growing concern about the dangers that social media poses to young people. Now those concerns are starting to show up in policy decisions. Back in December, Australia banned those under 16 years old from creating accounts on platforms like YouTube and TikTok. Other countries are considering similar legislation – including Canada. But what do teenagers themselves think of these potential social media bans? Samantha Edwards is The Globe’s online culture reporter. She assembled a group of Canadian teenagers to talk about how they actually use social media, what adults get wrong, and what they think about losing access to the platforms they use to talk to their friends. Questions? Comments? Ideas? Email us at [email protected] Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Since the U.S. and Israel first attacked Iran almost a month ago, the ripple effects of the war have been felt globally. The closure of the Strait of Hormuz has affected oil prices worldwide, but energy shocks are especially felt across the rest of Asia, which is heavily dependent on energy from the Gulf states. The 35 million migrant workers living in the Gulf – the bulk of whom come from South and Southeast Asia – are in a particularly precarious position. And China, a strategic partner of Iran, has found itself on the sidelines of this war. The Globe’s Asia correspondent James Griffiths explains the geopolitics at play and how the war is impacting the day-to-day lives of people across the continent. Questions? Comments? Ideas? Email us at [email protected] Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

The federal government is hoping to make room for the new spending outlined in last year’s budget by making cuts across the public sector. The goal is to save $60 billion over the next 5 years. Departments like Library and Archives Canada and the Correctional Service of Canada are reducing their workforces, while some programs, like one for public transit, are seeing funding cuts. The Globe’s deputy Ottawa bureau chief, Bill Curry, explains what we know so far about the cuts and the potential impacts on the services provided to Canadians. Questions? Comments? Ideas? Email us at [email protected] Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Amid threats of annexation and U.S.-imposed tariffs, Canadians are using their dollars to purchase Canadian goods. However, consumer complaints about products mislabelled as Canadian have spiked since the Buy Canadian movement began. Some in the food and beverage industry say cracking down too hard on mistaken labelling could backfire, dissuading retailers from promoting Canadian foods. Susan Krashinsky Robertson and Kate Helmore, both journalists for The Globe’s Report on Business, join The Decibel to discuss Canadian food labelling, the benefits of the Buy Canadian movement for farmers and producers, and how retailers can leverage patriotic shoppers to rebuild trust with them. Questions? Comments? Ideas? Email us at [email protected] Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Today, a case involving Quebec’s use of the notwithstanding clause is going before the Supreme Court of Canada. In the last decade, many provinces have used the clause to override federal powers to pass controversial laws. While cases involving the notwithstanding clause have been taken to the Supreme Court before, none have had the magnitude of being precedent-setting that could have major implications for the Charter of Rights and Freedoms. The hearing will be one of the longest at the country’s highest court in a decade. The Globe’s justice reporter, David Ebner, explains how the clause came to be, why provinces have used it, and whether the case will change the power balance between provincial and federal governments in Canada’s charter. Questions? Comments? Ideas? Email us at [email protected] Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

What does it mean to create music? Would you be able to tell if the sounds you were listening to weren’t made or sung by a human? Artists and supporters of the music industry are asking some of these existential questions, as technology in consumer generative AI has grown in leaps and bounds and record companies are settling legal battles with AI companies. Josh O’Kane, Globe reporter on arts and business, joins The Decibel to talk about the friction between musicians and AI tools, how AI slop has found itself onto streaming feeds, and what this could mean for the future of music. Questions? Comments? Ideas? Email us at [email protected] Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Since the U.S. and Israel started a war with Iran, the price of oil has spiked. That’s largely because oil tankers are no longer travelling through the Strait of Hormuz, meaning roughly one fifth of the world’s oil and gas supply remains stranded in the Gulf region. This is having an effect in Canada, even though Canada is the world’s fourth-largest oil producer and exporter. Jeffrey Jones is a journalist in The Globe’s Report on Business, who has been covering the global oil market for decades. He joins the show today to explain why Canada is seeing domestic energy prices rise as a result of the war. Questions? Comments? Ideas? Email us at [email protected] Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Late last week, the Ontario government announced it would introduce legislation exempting the Premier, cabinet ministers and their offices from responding to freedom of information requests. The province said these changes are needed to protect privacy and to allow ministers to discuss policy decisions in confidence. Critics say it’s an anti-democratic move designed to shield the government from accountability. Jeff Gray reports on Ontario politics for the Globe. He’s on the show to talk about how freedom of information requests have revealed past controversies in Ontario, and how the proposed changes could make government business less transparent to the public. Questions? Comments? Ideas? Email us at [email protected] Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Building cities for the future means building a lot more public transit – and lately, Canadian cities have been planning LRTs, or light rail transit. While these projects are introduced with great promise of moving people around more efficiently, in practice, these projects have a history of disappointment. There’s Ottawa’s LRT project, which opened to great frustration from riders. Then, Toronto’s Finch West line, upon opening, couldn’t quite keep pace with a local runner. Most recently, there was Toronto’s Eglinton Crosstown, which opened this past February, six years later than initially planned, and a billion dollars over budget. Oliver Moore writes for the Globe’s Editorial Board. Previously, he was an urban affairs reporter. He’s here to talk about why we keep building LRTs and how we should think about transit that will take us into the future. Questions? Comments? Ideas? Email us at [email protected] Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.