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] Fastest-Growing Country: Canada is projected to record the fastest growth during the forecast period, driven by federal CERRC funding, BC Hydro modernization initiatives, and national efforts to decarbonize more than 200 remote Indigenous communities. Persistence Market Research
• [New] Under Canada's planned response, US steel and aluminum products previously subject to a 25-percent duty will soon face 50-percent tariffs.
• [New] In response to recent tariffs, Canada announced a major long-term LNG export deal with Germany's Uniper, and stated its aim to redirect 55% of energy exports away from the US by the early to mid 2030s. OMFIF
• [New] The breakdown scenario would impact the GDP of both countries, costing the U.S. economy $1.04 trillion US and costing Canada $271 billion Cdn by 2035. CBC
• [New] Canada and Mexico are secondary regional opportunities that can benefit from broader platform rollout and smartphone AR use. Mordor Intelligence
• [New] Canada will impose tariffs on US steel, dairy, appliances, agricultural equipment, pulp and paper, and electronics, along with some products the US previously targeted in Canada. Al Jazeera
• [New] Canada will match Washington's new tariffs dollar for dollar in order to protect Canadian workers, farmers, families, and businesses. Al Jazeera
• [New] Victim geography expanded to 31 countries, with growth concentrated outside the U.S. in Canada, Malaysia, Spain, the UK, and Italy, supporting the assignment of a moderate risk level. CYFIRMA
• [New] We are forecasting Canada to produce an annualized GDP growth rate of 3.4% in the second quarter, and the United States is expected to fall to 1.5%. CP24
• [New] North America is predicted to dominate with a global share of approximately 36.6%, as organizations in the U.S. and Canada were early adopters of enterprise risk management, cloud software, and cybersecurity governance platforms. Persistence Market Research
• [New] Canada's Provincial Nominee Program offers another avenue for individuals seeking immigration opportunities tailored to specific provinces or territories. CanadianVisa.org
• [New] Canada is committed to advancing opportunities for Indigenous Peoples. The AI Journal
• [New] President Trump has announced 50% tariffs on an assortment of Canadian goods going into the United States starting possibly on August the 19th. Grain Farmers of Ontario
• [New] The Government of Canada sought views on potential due diligence measures that would require Canadian businesses operating abroad to identify, prevent, address and remediate risks to fundamental labour rights across their operations and supply chains. GAC
• [New] Growing LNG export infrastructure investment will further expand the addressable base for advanced management systems through 2030. / Canada Persistence Market Research
• [New] Canada grows fastest through 2033, fueled by rising hypertension awareness campaigns and expanding public healthcare investment in preventive screening programs. Persistence Market Research
• [New] US negotiators made unacceptable threats to the French language and Quebec culture, referring to the French-speaking province in eastern Canada. Al Jazeera
• [New] Canada's retail sales are expected to have risen by 0.4% in June after a strong 1.0% rise in May. investing.com
• [New] As Canada embarks on an unprecedented wave of Arctic defence infrastructure spending, a new Deloitte report is warning the federal government's traditional procurement model could become one of the biggest obstacles to delivering projects on time and on budget in the North. ConstructConnect.com
• [New] Canada's total is expected to have reached just under 29 GW by the end of the outlook period, while in Mexico, growth to 12.4GW is forecast. Windpower Monthly
• 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
• Economists anticipate that the Bank of Canada, Swiss National Bank, and Reserve Bank of Australia will maintain their current policy rates. Emirates NBD
• 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

Last updated: 26 August 2026