Global Scans · Canada · Weekly Summary

---

WHAT'S NEXT?: The U.S. and Canada's new governments will have their work cut out dealing with potential changes to their trade agreements while simultaneously Canada will be anxious to implement CETA with the EU.

• [New] Canada is rapidly emerging as a global leader in Carbon Management, an industry with significant economic opportunity. Foresight
• [New] The Bank of Canada (BOC) is expected to deliver a follow-up 25 bps policy rate cut to 2.25%. Brown Brothers Harriman
• [New] Canada's annual inflation rate rose more than expected in September, a move that economists say may complicate, but not derail, expectations for another Bank of Canada interest rate cut next week. Yahoo Finance Canada
• [New] Canada's headline inflation rate jumped more than expected to 2.4% in September, but markets are still pricing in an interest rate cut from the Bank of Canada next week amid a weakening economy. financialpost
• [New] Gasoline prices increased 1.9% month-over-month in September because of refinery disruptions and maintenance in the United States and Canada. Desjardins.com
• [New] Tariffs could see their profits drop by billions of dollars by the end of 2025, with some shifting or closing production in Canada, which has led to job cuts. Global News
• [New] President Donald Trump said he will increase tariffs on Canada by another 10% in response to a Canadian anti-tariff ad that features former President Ronald Reagan. Business Insider
• [New] Ontario will pause an anti-tariff ad featuring quotes from the late Ronald Reagan that led Trump to end trade talks with Canada. Business Insider
• [New] The Canadian economy will continue to be hampered in the medium term by structural problems such as slowing population growth, low productivity due to limited investment, and high consumer debt. Yahoo News Canada
• [New] The EDC forecast is not the first to predict an economic slowdown in Canada in 2025 or next. Yahoo News Canada
• [New] Canada's new LNG capacity will be on the west coast of North America, reducing shipping times to Asian markets by 50% compared with exports from U.S. Gulf Coast terminals, and will source feedgas from the Montney Formation in the western provinces of Alberta and British Columbia. EIA - Energy Information Administration
• [New] In Canada, the first LNG export terminal-LNG Canada - has begun operations in British Columbia, with plans to expand to 3.68 Bcf/d after 2029. Market Insights
• [New] Additional Canadian projects, Woodfibre LNG and Cedar LNG, are expected to start exports in 2027 and 2028, respectively, sourcing gas from the Montney Formation and offering faster shipping to Asian markets. Market Insights
• [New] The second possible rationale for the higher prevalence of immigrants to Canada practicing strict plant-based diets could be due to social determinants of health, namely, food security status. PubMed Central (PMC)
• [New] If we do not act soon, Canadian health data will become just another input in global AI economies, governed by rules we did not write, benefiting companies we do not control. Policy Options
• [New] AI's benefits outweigh its potential risks, and about half (46% Canada and 54% U.S.) maintain trust in companies using AI. CNW Group
• [New] Similar initiatives in Canada focus on northern development opportunities, while European programmes emphasise supply chain resilience for renewable energy technologies. Discovery Alert
• [New] As the subject matter leader, Canada could act as a neutral middle-power, and take a leadership role on the international stage, including leading negotiations on limits to research and deployment. Global Shield's Newsletter
• [New] Canada is setting up a financial crimes agency to take on a rising tide of online scams as part of a national anti-fraud strategy that will also require more action from banks. FinExtra
• A leak from the spy agencies of the US, Canada, Britain, Australia and New Zealand pointed to the development of a new command and control system for all-out war against China, which will come online as soon as 2027. World Socialist Web Site
• There was widespread agreement that Canada's current infrastructure systems are not ready to withstand increasing climate-related risks. canadianinfrastructurecouncil

Last updated: 29 October 2025