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] While Canada's vast northern landscape will remain sparsely populated, its natural resources will not be ignored in a world that hungers for what exists underground. Skies Mag
• [New] Perhaps a growing concern about Canada's Arctic sovereignty will provide an impetus for dramatically increased federal government spending on aviation-related assets for both civilian and military use. Skies Mag
• [New] Until the federal government's indefinite moratorium on the issuance of new oil and gas rights in Canada's Arctic waters is rescinded, petroleum-related aviation activity in the far north will remain untapped. Skies Mag
• [New] Most major banks expect the Bank of Canada's overnight rate to sit around 2.25% through much of 2026. Mortgages for Less
• [New] The introduction of air taxis or eVTOLs could increase interest in Canada to moving to more remote areas - 45% may consider moving if eVTOLs were more readily available to enable travel and ensure a strong supply chain. Skies Mag
• [New] Growing support for the launch of air taxi services could help boost remote communities in Canada with more people considering moving to remote areas, if access conditions improve according to new research. Skies Mag
• [New] Canada's construction industry is projected to face a shortfall of 108,000 workers over the next decade, with 21% of the current workforce set to retire. On-Site Magazine
• [New] The Canadian Renewable Fuels Association particularly promotes biodiesel and ethanol as fuel sources, along with all renewables capable of cutting emissions and reducing the risk of smoggy conditions developing. Petro Online
• [New] Canada recognizes that it is unlikely to reach a deal with the US, and outstanding issues, like steel, aluminum, softwood, dairy, and digital service tax will be rolled into the review of the USMCA. Marc to Market
• [New] Responses received will assist staff in determining if additional guidance and oversight can better facilitate responsible innovation and adoption of AI systems across Canadian capital markets, and if changes to requirements under securities law are needed. OSC
• [New] Weather disruptions compound ongoing crew-shortage challenges: Canadian carriers enter 2026 with multiple pilot and mechanic contracts up for negotiation. VisaHQ
• [New] Mexico joins Germany, Tunisia, Brazil, Morocco, Jamaica, Italy, and more as Canada issues a strong travel advisory ahead of 2026 due to escalating security threats and ongoing visa hurdles. Travel And Tour World
• [New] Canada's advisory warns about traveling near Brazil's borders, where criminal activities related to drugs and arms smuggling continue to pose significant risks. Travel And Tour World
• [New] Canada has issued a warning to its citizens, urging heightened vigilance, especially in crowded public places like airports, markets, and transportation hubs. Travel And Tour World
• [New] The India-Canada uranium deal represents more than a commodity agreement; it establishes a foundation for expanded economic cooperation potentially worth $50 billion in bilateral trade by 2030. Discovery Alert
• [New] 44% of Canadian businesses plan to increase staff in the first half of 2026, down from 51%. Toronto Star
• [New] Starting in 2025, European companies will need to comply with new ESG disclosure regulations, while U.S. and Canadian firms will begin facing similar requirements in 2028. EnergyCAP
• [New] We expect the Canadian economy to grow by slightly more than 1% in 2025 and 2026. BMO
• [New] In Canada, after growing only 0.6% on a Q4 / Q4 basis in 2025, real GDP expands by 1.6% in 2026 and 1.5% in 2027. Bennett Jones
• [New] Canadian GDP growth will continue to slow to approximately 1.2% to 1.4%. Dalhousie University
• [New] What's needed is a clear roadmap to accelerate Canada's leadership, bearing in mind that building affordable EVs will be essential, particularly to compete with lower-cost models from foreign manufacturers, as will significant investment in a robust charging infrastructure. CNW Group

Last updated: 07 January 2026