Global Scans · Canada · Weekly Summary

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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] Trade disruptions and higher U.S. tariffs on certain Canadian imports are injecting significant uncertainty for Canadian companies and consumers, interrupting planning, hiring, investment, and spending decisions. True North Mortgage
• [New] Two consecutive Bank of Canada policy rate cuts could spark increased fall and winter housing activity among Canadians who have been waiting for the right time to buy, despite financial concerns from the ongoing U.S. trade war. True North Mortgage
• [New] As the United States retreated from global climate action under the second Trump presidency, which will have detrimental impacts on global climate finance through the dissolution of USAID, Canada has an urgent role to step up and demonstrate its leadership in global climate justice. Climate Refugees
• [New] Nuclear startup Hadron Energy, which has announced plans to go public, is seeking regulatory approval in the US and is targeting first deployment in 2029 with ambition to expand in the UK and Canada. The Independent Global Nuclear News Agency
• [New] The CMC describes Budget 2025 as a strong step forward and emphasizes that the next stage will require coordinated execution to build resilient, future-focused supply chains across Canada. 93.3 myFM
• [New] The CMC says enhancing port capacity and improving inter-modal links will be crucial for maintaining Canada's competitive position in global commerce, noting that the vast majority of consumer and industrial goods arrive by ship. 93.3 myFM
• [New] A Canadian Forest Sector Transformation Task Force will be formed to advise on long-term competitiveness. Doane Grant Thornton LLP
• [New] US tariffs and the resulting uncertainty will wipe $50bn from Canada's economy, the equivalent of $1,300 for every Canadian, stressing the need to build projects that can spur growth and reduce US reliance. Al Jazeera
• [New] Canada's Prime Minister Mark Carney has signed an agreement with Alberta's premier that will roll back certain climate rules to spur investment in energy production, while encouraging construction of a new oil pipeline to the West Coast. Al Jazeera
• [New] The Canadian government will enable a clear and efficient approval process for a new pipeline to be constructed and financed by the private sector. Al Jazeera
• [New] Canada has the most cold-water aquaculture potential in the world. WEAREAQUACULTURE
• [New] The climate decisions made by the next government will have long-lasting consequences for the environment and the Canadian economy. Center for Global Sustainability
• [New] A very cold winter is expected across Alberta, as well as a large chunk of the rest of Canada, as the La Nina weather pattern has returned. rdnewsnow.com
• [New] The 2026-2028 Immigration Levels Plan represents a stabilization of Canada's immigration system, reflecting a shift toward sustainability, economic alignment, and long-term integration. Fragomen - Immigration attorneys, solicitors, and consu
• [New] As part of the federal government's fiscal budget, Canada has announced its 2026-2028 Immigration Levels Plan, which projects the number of temporary and permanent residents Canada plans to admit each year and sets targets for overall admissions per immigration category. Fragomen - Immigration attorneys, solicitors, and consu
• [New] The Longevity Pension Fund is Canada's first income-for-life mutual fund, combining longevity risk pooling with a diversified investment portfolio to provide lifetime income for Canadian retirees through variable monthly distributions that are designed to grow over time. Purpose Investments Inc.
• [New] Privacy legislation in Canada, coupled with sector-specific mandates such as the Office of the Superintendent of Financial Institutions Technology and Cyber Risk guidelines, pushes regulated enterprises to keep customer information within national borders. Mordor Intelligence
• [New] Knowledge process outsourcing is accelerating at a 7.89% CAGR to 2030 as enterprises transfer analytics, regulatory reporting, and domain-specific research to Canada, where cultural proximity and language proficiency reduce context-setting cycles. Mordor Intelligence
• [New] Trade of tens of thousands of goods across Canada's 14 jurisdictions will soon be free after an agreement has been signed between all provinces, territories and the federal government to allow businesses to sell their products across Canada. Toronto Star
• [New] As for today, Canadian nuclear operator Bruce Power will sign an exclusive agreement with Siemens Energy for new high-pressure steam turbines for their nuclear plant. PRG
• [New] The $6 billion infrastructure investment will not only enhance Canada's global competitiveness but also create skilled, well-paying jobs for Canadians. Travel And Tour World
• [New] As the Arctic becomes an increasingly strategic region due to climate change and growing international interest, enhancing infrastructure there will allow Canada to strengthen its presence and respond to emerging challenges with confidence. Travel And Tour World

Last updated: 03 December 2025