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] In moving beyond a traditional fixation on potential sovereignty threats, the Canadian government should continue to concentrate on practical questions related to the safe development of Arctic shipping lanes. Canadian Global Affairs Institute
• [New] As Canadian icebreakers and shipping infrastructure are needed for safe transit, companies involved in moving goods across the Arctic will need Canadian government support. Canadian Global Affairs Institute
• [New] Even a single ship moving through Canadian waters, without permission, could establish the Northwest Passage as an international strait used for commercial navigation, thus undermining the legal basis of Canada's position that the waters within the Arctic Archipelago are internal waters. Canadian Global Affairs Institute
• [New] In addition to a renewed focus on AI, the budget referenced quantum computing as a similarly transformative technology, and, through the Defence Industrial Strategy, will provide $334.3 million over five years to strengthen Canada's quantum ecosystem. PLANT
• [New] Canada's aerospace industry could play a central role in the federal government's forthcoming Defence Industrial Strategy, a plan designed to channel increased defence spending into domestic manufacturing, innovation, and exports. Skies Mag
• [New] Canada will introduce its first federal framework for fiat-backed stablecoins under the 2025 budget, following the US model. icobench.com
• [New] Analysts say the move positions Canada among the first G7 nations to formally legislate a stablecoin oversight model, a policy that could serve as a blueprint for other jurisdictions balancing financial innovation with systemic safeguards. icobench.com
• [New] The Bank of Canada will allocate $10 million over two years, starting in 2026-2027, to implement and supervise the new regulatory framework. Bitcoinist.com
• [New] Businesses should monitor developments closely, as Canada's approach will influence adoption, investment, and interoperability in the digital economy. Cozen O'Connor
• [New] The Canadian government's new spending plans will push Canada's deficit to its highest levels since the financial crisis. Mint
• [New] Canada's projected growth rate of 1.1% in 2026 ranks 30 out of 38 in a recent OECD forecast, which projected an average growth rate of 1.5% for member countries. Mint
• [New] The U.S. trade war will cause permanent damage to the Canadian economy, lowering growth over the long term. Mint
• [New] Canada's new Defence Investment Agency will receive $30.8 million over four years to accelerate procurement, while a new sovereign space-launch capability is allocated $182.6 million over three years. OCC
• [New] Efficient multilingual communication will increasingly become the key as Mexico continues to globalize, especially through trade agreements such as the United States-Mexico-Canada Agreement. Yahoo Finance UK
• [New] A cyberattack on Canadian energy infrastructure, an online influence campaign targeting American voters or economic coercion by a near-peer competitor could threaten both countries simultaneously. The Hill
• [New] The Canadian government confirmed it will introduce a data-mobility right in the Personal Information Protection and Electronic Documents Act to facilitate economy-wide data sharing. Open Banking Expo
• [New] The Canadian Urban Transit Research & Innovation Consortium is warning that Canada risks missing an opportunity to create jobs, advance zero-emission transit, and secure Canada's global leadership in clean transportation unless the federal government takes action. Canadian Manufacturing Online
• [New] Canadian universities expect to be able to move quickly to hire researchers from abroad if the federal government announces new money to attract top scientists in the coming budget. Multicultural Meanderings

Last updated: 12 November 2025