Our Scans · Canada · Weekly Summary

• [New] The success of the Tesla Robotaxi program will increase the probability of the rollout of the Unsupervised Full Self-Driving to general Tesla owners in the United States and Canada. Tesla Oracle
• [New] Budget 2024 announced a review of Canada's Scientific Research and Experimental Development (SR & ED) tax incentive, including a proposal for $600 million over 4 years starting in 2025-26 to boost research and innovation. GAC
• [New] Canada will be the 2nd best country in the G20 for doing business throughout the next five years (2025-2029); it has consistently ranked among the top 10 countries in the last 5 years. GAC
• [New] The Canadian economy grew by an estimated 1.3% in 2024, and its economic growth is projected to remain stable among the G7 economies in 2025 and 2026.Canada's inflation has come down within its target range of 1-3% and remains below that of the U.S. (1.8% vs 2.9% in December). GAC
• [New] Citizens of Canada, Lithuania, Ukraine, USA and the United Kingdom will need a visa for China. FlippingBook
• [New] The mandate signals that Canada will actively seek to attract talent from the United States and other partner countries operating under free trade agreements while simultaneously developing trading relationships with new markets. Sobirovs Law Firm
• [New] Countries Projected to Decrease Defence Budgets: Countries projected to decrease defence budgets include the United Kingdom, Canada, Australia, Brazil, and Italy. SleepBloom
• [New] Electro-Federation Canada, representing over 230 organizations in Canada's electrical and automation sector, warns that even a 10% retaliatory tariff on electrical products imported from the U.S. could hinder Canada's ability to meet its power needs. Electricity Human Resources Canada
• [New] Canada has a major opportunity to boost productivity with AI, especially in the inefficient infrastructure sector. BDO Canada
• [New] Growth in Canada will be lower, and a recession more severe, if the United States maintains or even ratchets up its tariffs, if no trade agreement is concluded and uncertainty prevails, or if there is an escalation of a trade war between the United States and China. Bennett Jones LLP
• [New] Over one-quarter (26.4%) of all businesses took actions over the last three months to mitigate risks associated with tariffs applied by the United States on imports from Canada. Government of Canada, Statistics Canada
• [New] Nearly one-fifth (18.1%) of all businesses expect tariffs imposed by the United States on imports from Canada to have a high impact on their business. Government of Canada, Statistics Canada
• [New] As the Government of Canada announced countermeasures in the form of tariffs on imports from the United States, nearly three-fifths (57.5%) of businesses that import from the United States took actions over the last three months to mitigate risks. Government of Canada, Statistics Canada
• [New] Among businesses that imported from the United States over the last 12 months, nearly one-third (32.7%) expect tariffs imposed by Canada on imports from the United States to have a high impact on their business, while 17.4% expect a medium impact. Government of Canada, Statistics Canada
• [New] The Department of National Defense of Canada has announced a new military assistance package that will include the transfer of armored vehicles. Militarnyi
• [New] The outlook for liquefied natural gas remains positive, with new facilities expected to attract greater investment in Canada, Qatar, and the U.S. NenPower
• Canada will increase its aid to Ukraine and seek closer ties with European defence industries. The Cipher Brief
• A family in Canada might spend $100 more per year on dairy products than a similar family in the U.S. The Bullvine | The Dairy Information You Want To Know W
• With the U.S. abandoning its energy transition, Canada has an opportunity to attract low-carbon industries and bolster domestic production to create good green jobs. Winnipeg Free Press
• Canada will meet its NATO defence spending commitment for the first time in decades as it comes to grips with an alarming new world of threats. Yahoo News
• The Bank of Canada needs to be running a more nuanced playbook now to respond to some increasingly common shocks: supply chain disruptions, trade conflicts and extreme weather to name a few. BNN Bloomberg
• Non-OPEC sources, particularly the United States, Canada, Brazil, and Norway, are expected to drive supply growth, contributing an additional 1.5 mb/d in 2024 and 2025. Policy Center
• Retaliation announcements by China, Canada and the EU highlight the growth downside risks from a tit-for-tat tariff response which simultaneously hurts the U.S. along with the trading partners. Morgan Stanley Investment Management

Last updated: 19 June 2025