AGP Executive Report
Last update: 11 hours agoTrade Strategy: Mark Carney says Canada will wait for a new U.S. president rather than accept a poor trade deal, as tariffs continue to strain cross-border business. Ottawa and the EU launched an “Alliance for the Future” covering critical minerals, digital trade, AI and defence, and aim to negotiate Canada’s associate-member status by June 2027. Economic Outlook: Canada’s economy stalled for a second straight month in August, with September also pointing to a decline. The Bank of Canada’s first rate hike since July 2023 and inflation of 3.1% add pressure for households and businesses. Critical Minerals and Infrastructure: A new European Investment Bank framework could bring financing to Canadian mining, processing and recycling projects. Ottawa also designated the $5.9-billion Roberts Bank terminal expansion a project of national interest to strengthen trade capacity and reduce reliance on the U.S. New Markets: Canada signed a free-trade deal with the UAE this week, part of a broader push to diversify exports and investment.
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