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] The Canadian government continues to weigh the threats and opportunities that China's Arctic interests and investments pose. Belfer Center
• [New] The ongoing US-China trade war, along with policy frictions such as the early-2025 imposition of a 10% tariff on Canadian biofuels, has rattled investor confidence and highlighted the vulnerability of cross-border UCO flows. FastMarkets
• [New] Recent cybersecurity intelligence alerts issued jointly by the FBI and Canada's Cybersecurity Agency underscore a critical escalation in digital threats aimed at Canadian telecommunications infrastructure. Hi-Tech Innovation News
• [New] Growing Canada's commercial ties with countries like the U.A.E. builds on Canada's trade diversification strategy, creating new opportunities for Canadian businesses. Mirage News
• [New] The Bank of Canada will get a fresh look at inflation this week - a picture that's grown increasingly murky due to tax shifts and trade tensions. Yahoo News
• [New] Canada approved the XRP ETF, positioning itself as a leader in the regulated digital asset ecosystem, with hopes the US will follow suit. BeInCrypto
• [New] Canada will adjust its 25% counter tariffs on US steel and aluminum in response to a doubling of US levies if a bilateral trade deal is not reached within 30 days. POEMS
• [New] Canada's Indo-Pacific Strategy recognises China as a disruptive power & identifies India as a strategic partner. PMF IAS
• [New] Impact on Diaspora: Diplomatic rifts risk unsettling the Indian diaspora & over 2.3 lakh Indian students studying in Canada. PMF IAS
• [New] After increasing at a monthly rate of 0.8% in March, Canada's retail sales are now expected to register a marginal growth of 0.4% in April, slightly lower than the preliminary estimate of 0.5%. IC Markets | Official Blog | Blog
• [New] Canada's port authorities are arm's length of government, and so they work hand in glove with government in terms of the types of projects that are going to benefit Canada from an economic perspective. SenCanada
• [New] Canada's port authorities welcome the federal government's steps to streamline project approval for national interest projects, which we see as just one piece of what the federal government is signalling will be a broader reform agenda. SenCanada
• [New] If Canada shifts even 6% of trade from the U.S. to overseas markets, some ports will quickly reach capacity. SenCanada
• [New] The Bank of Canada is concerned that the uncertainty over tariffs will chill economic growth and boost inflation. investing.com
• [New] The Building Canada Act aims to boost investor confidence, accelerate construction, and create economic opportunities, particularly for Indigenous communities through an expanded $10 billion Indigenous Loan Guarantee Program. Immigration News Canada
• [New] The Canadian Chamber of Commerce and other organizations have warned retaliatory measures in a U.S. budget bill could hit Canadians' pension funds and investments. CBC
• [New] Canada will impose a new wave of counter-tariffs if it cannot reach a deal within 30 days to resolve the trade dispute with the Trump administration. Toronto Star
• [New] The PBO expects economic growth to stall in the second quarter of the year as Canada's trade war with the United States sinks exports. Global News
• [New] The legislation poses serious risks to the livelihoods of Canada's 70,000 grain farmers, who export more than 70% of what they grow. DairyReporter.com
• [New] Canada has passed a bill that will make it illegal for ministers to reduce tariffs or increase import quotas on dairy, eggs and poultry products in future trade deals. DairyReporter.com
• [New] As trade tensions with the U.S. persist, India offers Canada vital opportunities for trade diversification, especially benefiting Alberta's oil sector. The Asian Age
• [New] Changes to Canada's immigration targets last year have led to a projected decrease in overall permanent resident admissions in the coming years, while Canada's population itself is projected to recede. thecanadianpressnews.ca
• [New] As the uncertainty surrounding trade is causing Canadian companies to pause investment decisions, businesses are watching for any signs of the tariffs being removed or when CUSMA renegotiations will begin. Yahoo News

Last updated: 25 June 2025