Canadian government to stop ads on Facebook, but sees path to settle dispute

Posted Wednesday, July 5, 2023 5:30 pm

Ismail Shakil | Reuters

OTTAWA, July 5 (Reuters) - The Canadian government will stop buying ads on Facebook and Instagram amid a dispute over a new law on paying online news publishers that the Meta-owned (META.O) platforms have opposed, Heritage Minister Pablo Rodriguez said on Wednesday.

The Online News Act, or Bill C-18, was passed into law last month, triggering Metaand Alphabet's (GOOGL.O) Google to say they would end news access on their platforms in Canada.

The government is finalizing rules that require the platforms to share some advertising revenue when the law is implemented by the end of this year.

"Canada is going to continue to stand firm and ensure that if social media platforms and internet giants want to use media, that they actually ensure that they're paying their fair share for it," Prime Minister Justin Trudeau said in Montérégie, Quebec.

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