09:09:20 EDT Wed 22 Apr 2026
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MDA Space Ltd
Symbol MDA
Shares Issued 138,659,395
Close 2026-04-21 C$ 46.21
Market Cap C$ 6,407,450,643
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Globe says MDA Space sees door open for space launches

2026-04-22 07:15 ET - In the News

The Globe and Mail reports in its Wednesday edition that the federal government has proposed the Canadian Space Launch Act, the first regulatory framework for Canadian satellite builders and launch providers to launch rockets and payloads into orbit, and manage reentry of materials from space, all within Canada. The Globe's Ivan Semeniuk says the bill introduced by federal Transport Minister Steven MacKinnon covers military and commercial space activities. It fulfills Ottawa's commitment to support commercial space flight and aligns with Prime Minister Mark Carney's recent goal of reducing Canada's reliance on foreign entities for essential national capabilities. Mr. MacKinnon says Canada is the only G7 country without its own launch capacity, despite its many other achievements in space. Transport officials said the bill clears the path for Canada to establish its own launch capability, an objective that received funding in last fall's federal budget. The bill includes amendments to existing legislation, such as the Aeronautics Act, Canada Transportation Act, Secure Air Travel Act and Carriage by Air Act, to ensure launches can take place without posing risks to aviation and maritime transport, among other activities.

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