AGP Executive Report
Last update: 4 hours agoRecession Watch: Canada slipped into a surprise technical recession as Q1 real GDP contracted on an annualized basis, with StatCan citing tariff uncertainty weighing on investment, hiring and spending. Fiscal Pressure: The federal government posted a $55.28B deficit for 2025-26, per the monthly fiscal monitor, with revenue up but program expenses and debt charges rising. EV Trade Shift: Chinese-made EVs are starting to enter Canada under the Carney-Xi deal allowing up to 49,000 vehicles in a 12-month period at about a 6% tariff, a move that’s already drawing scrutiny from U.S. automakers. Defence Industry Push: Canada and Ukraine signed an agreement to co-produce drones in Canada for Ukraine’s military, while Plurilock launched a CPCSC readiness program for defence suppliers facing mandatory cybersecurity certification. Markets: The S&P/TSX rose more than 100 points in late-morning trading as tech led gains, with U.S. stocks also higher. Energy Infrastructure: ATCO is awaiting final approval for a $2.9B Alberta natural gas pipeline aimed at boosting industrial and residential supply. Corporate Moves: Ninepoint filed to launch a SpaceX HighShares ETF, and CoStar agreed to buy Zonda for $800M to fill a new-home data gap.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.
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