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] As Canadian and U.S. rural broadband subsidy programmes mature, domestic LEO subscription penetration will deepen, reinforcing North America's structural lead through the forecast period. Persistence Market Research
• [New] Economists anticipate that the Bank of Canada, Swiss National Bank, and Reserve Bank of Australia will maintain their current policy rates. Emirates NBD
• [New] With inflation risks balanced against lingering economic slack, the Bank of Canada is expected to maintain a cautious policy stance while monitoring both economic growth and evolving inflation pressures. Export Development Canada
• [New] Canada is expected to recover gradually after a weak start to the year, supported by exports, infrastructure projects and resource investment. Export Development Canada
• [New] Authorities warn residents to be prepared to leave their homes as fast-moving wildfires spread across western Canada. Al Jazeera
• [New] While global economic and geopolitical uncertainty persists and in many respects is escalating, Canada's energy industry has opportunities for future growth through new pipeline egress to overseas and USA markets. GlobeNewswire
• [New] High speed and low latency connectivity is critical for modern military forces, and Telesat Lightspeed is expected to be foundational for future CAF and allied governments' operations. / Canada Stock Titan
• [New] Telesat signed a $2.3 billion Telesat Lightspeed services contract with Canada's Defence Investment Agency to provide secure Military Ka-band (Mil-Ka) Arctic connectivity to the Canadian Armed Forces under the Enhanced Satellite Communications Project - Polar program. Stock Titan
• [New] Pulse Custom Lineups self-serve will enter open beta in the US and Canada in Q3, allowing advertisers to build and book AI-powered Custom Lineups directly in TikTok Ads Manager. TikTok For Business
• [New] Beyond the political risk, the ARI data surfaces a consumer trend with direct implications for Canadian retail, consumer goods, and food sector equities. Wealth Professional
• [New] Without an increase in domestic capacity, Canada's reliance on biofuel imports could exceed 65% by 2030 to meet projected demand of 8.5 billion liters. Airbus
• [New] Canada faces similar climate-related challenges, with coastal regions like British Columbia vulnerable to rising sea levels and flooding, and interior provinces facing increasing wildfire threats. Climate X
• [New] Allies pledged €70 billion in military equipment, assistance, and training for Ukraine in 2026, with a sovereign commitment to sustain at least equivalent levels in 2027, financed entirely by European allies and Canada. Atlas Institute for International Affairs
• [New] Northern Canada will experience North America's deepest partial eclipse, with parts of Nunavut in the Canadian Arctic seeing up to 93% of the sun covered, according to Time And Date; large eastern cities like Toronto, Ottawa and Quebec will see between 8% and 24% coverage. Live Science
• [New] Across Canada, more than half the sun will be covered from parts of Newfoundland and Labrador - and over 60% from Nunavut. Forbes
• [New] 30% of the Canadian population currently owns smart home devices, which is expected to increase to 50-55%. Straits Research
• [New] Although the advancement and timing of large-scale Canadian resource, infrastructure and nation-building projects is now expected to emerge over a longer period into 2027 and beyond, management continues to view them as important forward-looking demand drivers. GlobeNewswire
• [New] In Canada, the Centre for Israel and Jewish Affairs warned of foreign state interference and the exploitation of domestic institutions by extremist networks. The Jerusalem Post
• [New] Eric Richmond argues that Canada must move beyond case-by-case exemptions toward a bespoke, harmonized national framework for digital assets if it hopes to support more sophisticated products. CoinDesk
• [New] The applied rate is 10.8%, and that it will rise to 11.8% after the Section 122 tariff expires and the announced Section 232 tariff on pharmaceuticals, Section 301 tariffs, and Section 338 tariff on Canada go into effect. Tax Foundation
• [New] Section 232 tariffs, Section 301 tariffs, and Section 338 tariff on Canada, will increase taxes per US household by $900 in 2026. Tax Foundation
• [New] Climate change is expected to produce larger and more frequent wildfires while discussing adaptation strategies for Canadian communities. Kultura Press
• [New] Enable Accessibility Canada will support Canada's accessibility priorities by raising awareness, sharing lived experiences, celebrating innovation and recognizing measurable progress. financialpost

Last updated: 12 August 2026