N-8NSPML (NSEB) RIR 1 to 44 - Redacted
6 passages
r performing this role, as applicable, in respect of NL; " Tariff Charges " means any charges arising pursuant to a tariff or other schedule of fees in respect of electricity transmission services; " Tax " or " Taxes " means any tax, fee,...
AI summary The text defines key terms related to tariffs, taxes, and contractual obligations in an agreement involving electricity transmission services and third-party intellectual property rights. These definitions are critical for understanding the legal and financial framework of the agreement.
12.3 Own Property Damage For the avoidance of doubt, it is the Parties' intent that, subject to any right a Party may have to seek compensation from a third party who caused the Loss or from insurance, each Party shall be responsible for a...
AI summary The Parties agree that each is responsible for Losses to its own property, including facilities, equipment, and materials on the site of Defined Assets, regardless of the cause, including O&M Activities or the actions of the other Party or its affiliates. This applies unless compensation from a third party or insurance is available.
s the Transmission, Markets and Services Tariff issued by the ISO-NE, as it may be amended, restated, reissued or replaced from time to time; " Income Tax Act " means the Income Tax Act (Canada); " Incremental Cost Rate " means the rate in...
AI summary The document defines key terms related to energy tariffs, cost calculations, and legal provisions. It includes definitions for the Transmission, Markets and Services Tariff issued by ISO-NE, the Income Tax Act, Incremental Cost Rate, Indemnified Party, Indemnitor, and Initial EAA. These terms are relevant to energy generation, cost recovery, and legal obligations.
ity, sufficient to allow Emera or its Affiliates to convert the stored Energy referred to in Section [5.5(f)(ii)(C)](#page-28-2) to Energy at the time of such alternative market opportunity, less incremental Tariff Charges, Transmission Lo...
AI summary The text discusses pricing mechanisms related to energy conversion and delivery, referencing specific sections of a document. It outlines conditions for Emera's bids, ensuring compliance with tariff charges, transmission losses, and other costs, while excluding deductions for sunk transmission costs.
d for greater certainty is an amount net of Transmission Losses) for the five-year period commencing at First Commercial Power; " Supporting Material " has the meaning set forth in Section 9.1 ; " System Operator " means, as applicable, th...
AI summary The text defines key terms and concepts used in a regulatory agreement, including 'Supporting Material,' 'System Operator,' 'Tariff Charges,' and 'Tax.' These definitions establish the framework for interpreting the agreement and are referenced in specific sections of the document.
r pursuant to that agreement; (2) pursuant to the New Brunswick Transmission Rights Utilization Agreement had such Pre-FCP Surplus Energy been transmitted from the NS-NB Border to the NB-Maine Border pursuant to that agreement; and (3) pur...
AI summary This section outlines the procedure for determining the price of Pre-FCP Surplus Energy based on specific agreements and transmission rights, as well as the process for Emera's option to acquire such energy during defined weekly periods.
N-20Bank of Canada Monetary Policy Report—October 2025
16 passages
Chart 4: Tariffs continue to weigh on exports of goods Percentage change from 2024Q3, monthly data Note: Exports of goods exclude precious metals products because shipments of gold are highly volatile and often reflect inventory management...
AI summary Chart 4 shows that tariffs continue to impact exports of goods, particularly affecting sectors like motor vehicles, steel, and aluminum. Exports to the US are expected to be weighed down by tariffs and weak industrial demand, while exports to non-US markets are anticipated to increase due to diversification efforts.
Tariff and other assumptions Many countries have signed new trade agreements with the United States. US tariffs continue to be in flux, and the future of trade in North America remains uncertain. Trade negotiations between Canada and the U...
AI summary The document discusses the uncertainty surrounding US tariffs and trade agreements, particularly the Canada-United States-Mexico Agreement (CUSMA), with projections based on tariffs in place or officially agreed on by October 22, 2025.
Chart 18: The increase in tariff rates is larger than previously assumed Estimated increases to average tariff rates on imported goods since the start of 2025 Note: To highlight changes reflecting the dramatic shift in US trade policy, the...
AI summary Chart 18 illustrates that the increase in tariff rates on imported goods since the start of 2025 has been larger than previously assumed, highlighting a significant shift in US trade policy. The chart shows the marginal change in tariff rates up to October 22, 2025, with data limitations making pre-2025 calculations challenging.
The average level of tariffs between the United States and Canada has increased significantly since the beginning of 2025 but only slightly since the July Report ([Table 1](#page-26-0)). Table 1: Average tariff rates on exports and imports...
AI summary The average tariff rates between the United States and Canada have increased significantly since the beginning of 2025, with the US tariff rate on Canada rising from 0.1% to 5.9%, and the Canadian tariff rate on the United States increasing from 0.0% to 1.0% as of October.
How the average tariff rates are calculated Average tariff rates are calculated by weighting each recently announced tariff for a given product by that product's share of exports in 2024. This includes only import tariffs, which is a gener...
AI summary Average tariff rates are calculated by weighting each recently announced tariff by a product's share of exports in 2024, excluding countervailing and anti-dumping duties. Exemptions under CUSMA and other factors significantly reduce the average tariff rate, with 90% of Canadian exports to the US entering tariff-free in July 2025. Tariff remissions also lower the average rate from 2.4% to 1.0%.
The detailed tariff assumptions in the projection This outlook assumes that the following tariffs remain in place ([Table 2](#page-27-0)). † These tariff rates include the impact of Canadian tariff remissions.
AI summary The projection assumes that current tariff rates remain unchanged, including the impact of Canadian tariff remissions as noted in Table 2.
Table 2: Detailed tariff assumptions in the projection Tariffs in place before the July Report: - 50% on imports of steel and aluminum - 25% on the non-US content of CUSMA-compliant imported motor vehicles - 25% on non-CUSMA-compliant moto...
AI summary Table 2 outlines tariff assumptions in place before the July Report, including various percentages applied to imports of steel, aluminum, motor vehicles, and other goods based on compliance with CUSMA.
Tariffs added since the July Report: - 50% on an expanded set of downstream steel and aluminum products - 50% on copper products, with some exemptions - 25% on selected furniture and fixtures - 10% on softwood lumber\
AI summary New tariffs have been added since the July Report, including 50% on downstream steel and aluminum products, 50% on copper products with exemptions, 25% on selected furniture and fixtures, and 10% on softwood lumber.
Other key inputs to the projection The Bank of Canada's projection is conditional on several other key inputs and assumptions about their future path. The Bank regularly reviews these assumptions and adjusts the economic projection accordi...
AI summary The Bank of Canada's economic projection is based on several key inputs, including the effects of tariffs and trade tensions on productivity and investment, assumptions about policy uncertainty, and changes in population growth and potential output. The projection also considers oil prices, the Canadian dollar, and the impact of tariff revenues on households and governments.
Endnotes - 1. Although these specific duties are excluded from the average tariff rate calculations in this Report, the estimated economic impact resulting from changes to these duties is incorporated into the economic outlook.[ [←](#page-...
AI summary The endnotes discuss the exclusion of specific duties from average tariff rate calculations and mention other qualifying factors for exemptions, including product-specific exemptions and re-exports.
Outlook The ongoing trade conflict is fundamentally reshaping Canada's economy and will have a lasting negative impact on economic activity. At the same time, the reconfiguration of global trade and domestic production is putting upward pr...
AI summary The ongoing trade conflict is reshaping Canada's economy, causing lasting negative impacts on economic activity and increasing costs due to global trade reconfiguration. The US has imposed significant tariffs on Canadian exports, including 50% on steel and aluminum and 25% on non-CUSMA-compliant motor vehicles, leading to a rise in average tariff rates from 0.1% to 5.9%. Canadian businesses are adjusting supply chains and seeking new trade partners.
Business investment remains weak Tariffs and trade policy uncertainty are expected to remain a significant headwind to investment into 2026. Growth in business investment remains subdued mainly due to reduced US demand for Canadian exports...
AI summary Business investment remains weak due to trade policy uncertainty and reduced US demand for Canadian exports. Capital expenditures in the oil and gas sector are expected to slow as the Trans Mountain Expansion Project reaches full capacity. Inventory reductions are also expected to weigh on GDP growth in 2026.
Chart 25: The average US tariff rate has eased since April but remains the highest it has been in decades US tariff rate, weighted average, annual data Sources: US International Trade Commission and Bank of Canada calculations Last data pl...
AI summary The average US tariff rate has decreased since April but remains at a historically high level. New tariffs are being imposed on top of existing agreements, and while US trade policy uncertainty has decreased from its peak in early 2025, retaliatory tariffs have been minimal.
Risks Risks related to Canada's trade relationship with the United States remain elevated. The outlook could also be affected by risks that are not directly related to tariffs. The base-case projection incorporates the tariffs and trade po...
AI summary Risks related to Canada's trade relationship with the United States remain high, with uncertainty around tariffs and trade policies. The base-case projection assumes current policies, including CUSMA, will remain in place. Fiscal policy assumptions are based on provincial budgets and upcoming federal measures, with increased infrastructure and defence spending expected.
Sectoral tariffs could be reduced Trade-related uncertainty and higher tariffs are having considerable impacts on Canadian exports, business investment and employment in affected sectors. Sectoral US tariffs—particularly on steel and alumi...
AI summary Sectoral tariffs, particularly on steel and aluminum, have negatively impacted Canadian exports and employment. A potential agreement to reduce US tariffs could ease uncertainty, boost exports, and stimulate investment and household spending, leading to increased demand and inflation.
Trade policy could weaken the economy more than expected US trade policy remains unpredictable, and tariffs could increase or broaden in the near term. The upcoming review of CUSMA is also an ongoing uncertainty. Affected businesses and ho...
AI summary US trade policy uncertainty and potential increases in tariffs may negatively impact the Canadian economy, leading to slower growth and lower inflation. Businesses may also shift investments to the US to avoid tariffs. The ongoing review of CUSMA adds to this uncertainty.