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 may have a unique opportunity to produce cleaner and potentially cheaper hydrogen without depending on hydrocarbons. ScienceDaily
• [New] Natural hydrogen could help reduce both costs and carbon emissions for Canada's mining sector. ScienceDaily
• [New] Project Overmatch will unify intelligence from four other key allies - namely, Australia, Canada, New Zealand, and the United Kingdom - as part of the Five Eyes global intelligence community. BGR
• [New] Alberta will proceed with a non-binding referendum in October on whether its residents want to remain part of Canada. Just Security
• [New] Over the past week, a growing number of tech companies have warned that they may be forced to leave Canada if Bill C-22, the lawful access bill, remains unchanged. Michael Geist
• [New] The prospect of a tech exodus from Canada rests on clear-cut privacy and security risks that do not apply in the U.S. or Europe. Michael Geist
• [New] What places the Canadian tech sector at risk of an exodus is that U.S. law imposes neither obligation. Michael Geist
• [New] Canada's Greener Homes Affordability Program needs to expand its Manitoba pilot (begun last September) to all provinces by 2028 and add to its retrofit incentive options. Climate Scorecard
• [New] Canada's transition to renewable energy with an NZE electricity grid 100% target by 2035, and upgrades to grid infrastructure are expected to handle doubled demand by 2050. Climate Scorecard
• [New] Canada's ZEV mandate for all new light-duty vehicles is 100% by 2035, but is under review. Climate Scorecard
• [New] Canada's 2030 ERP requires fast-tracking stronger measures, including more ambitious 2030 targets to be 1.5 °C compatible, faster implementation, and immediate policy to end financing for fossil fuel companies and related infrastructure. Climate Scorecard
• [New] As of early 2026, federal projections show Canada falls short of its 2030 climate goals. Climate Scorecard
• [New] By 2040, BEVs represent the majority of vehicles sold in Canada, with PHEVs serving as the bridge for the truck and SUV segments where range anxiety remains most acute. RBC
• [New] By 2040, most vehicles sold in Canada are Chinese-built BEVs. RBC
• [New] By 2040, all auto assembly plants in Canada have shuttered. RBC
• [New] Ottawa could help boost demand for Canadian-made vehicles through public sector fleet procurement and restriction of EV incentives to vehicles made in Canada. RBC
• [New] Trade diversification reduces dependence on the U.S., but risks provoking retaliation or reduced cooperation with Canada's largest economic and security partner. RBC
• [New] To get new ideas and better results, Canada will need to adopt a new way of doing business starting from the ground up. Canada West Foundation
• [New] Canada is expected to report a modest increase in April housing starts, and another solid gain in March manufacturing sales. investing.com
• [New] The combination of Pathways and 1.5 million barrels of capacity through the West Coast pipeline and Trans Mountain expansions would add, on average, 1.1% to Canada's real GDP and 5.1% to Alberta's real GDP between 2027 and 2035. ATB Financial
• [New] Cybersecurity conferences in Canada frequently focus on privacy, critical infrastructure protection, and emerging risks in cloud and AI environments. Concise AC
• [New] Recent developments across the US, Canada, the UK, the EU, Australia, and Asia highlight increased scrutiny around sanctions evasion, digital assets, AI governance, and cross-border financial crime risks. FinScan
• [New] Although Canadian banks remain well-capitalized compared to many international peers, housing weakness could still pressure profitability if consumer stress rises significantly. Kalkine

Last updated: 27 May 2026