Environment Minister Glen Murray said fluctuations in the Quebec and California carbon market are "normal" and are affected by a host of political, economic and legal factors.
"I am extremely hopeful that the knowledge gained from this joint initiative will help our country develop measures that will lead to significant environmental improvements."
In 2015, several markers like land and ocean temperatures, sea level and atmospheric greenhouse gas concentrations broke records, setting new benchmarks for climate change's planetary impact.
Lack of full disclosure, Mark Carney said, makes it difficult for investors, creditors and regulators to assess who is on top of the increasingly critical issue of climate change.
TransCanada Corp faced uncomfortable questions about unusual behind-the-scenes tactics on Thursday as it began a new charm offensive in Ottawa to win public support for a new pipeline.