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. The government still sees a path forward to resolving the quarrel and is open to discussions with the platforms, Rodriguez, who introduced the legislation, told reporters in Ottawa. The decision to suspend government ads will cost Facebook and Instagram about C$10 million per year, he said. The outcome of the Canada's tussle with internet giants can set the tone for other governments trying to regulate internet companies. ($1 = 1.3285 Canadian dollars)Reporting by Ismail Shakil in Ottawa, Editing by Nick ZieminskiOur Standards: The Thomson Reuters Trust Principles.

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Persons: Pablo Rodriguez, Bill C, Justin Trudeau, Rodriguez, we've, Meta, Elizabeth Warren, Ismail Shakil, Nick Zieminski Organizations: OTTAWA, Canadian, Facebook, Heritage, Google, Liberal, Democratic U.S, Canada, Big, Cogeco, Thomson Locations: Canada, Montérégie, Quebec, Ottawa, United States, Canadian