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] Capital Economics now expects the Bank of Canada to cut rates at every other meeting until the policy rate hits 2.0 %-down from the current 2.75%. Mortgages for Less
• [New] Canadian businesses have the expertise and capital to invest in Latin American markets, while Latin American firms can find opportunities in Canada's stable and prosperous economy. McCarthy Tetrault LLP
• [New] New U.S. tariffs have created opportunities for Canada and Latin American countries to strengthen their economic partnerships. McCarthy Tetrault LLP
• [New] Some Latin American countries have the potential to expand their role as manufacturing centers for Canadian businesses, while their markets provide export opportunities for Canada, especially in the face of newly imposed U.S. tariffs. McCarthy Tetrault LLP
• [New] Canadian retaliatory tariffs on U.S. imports were perceived as a more substantial threat to activity levels than U.S. tariffs on Canadian exports. ATB Financial
• [New] SDTC's support of cleantech translates into jobs, growth, and export opportunities for Canadian companies, as well as economic, environmental and healthbenefits for all Canadians. Shizune
• [New] While Bank of Canada officials on Wednesday could keep borrowing costs on hold to guard against the potential inflationary impact of an ongoing tariff battle with the US, the European Central Bank is now widely anticipated to reduce interest rates the following day. financialpost
• [New] The UK has refused to follow the likes of Canada and the EU by threatening to increase tariffs on American goods. HuffPost UK
• [New] The effects of an expanded trade war with China, Canada, Mexico, and other countries could lead to as much as a 5% decline in inbound tourism alone to the U.S. Always The VIP
• [New] Canada and Mexico are currently exempt from the baseline 10% tariff, but will still be subject to a 25% tax for non-USMCA-compliant goods. Food Dive
• [New] Tariffs will increase the price of imports, but weakening economic growth and higher unemployment is net disinflationary for consumer spending produced within Canada. RBC Thought Leadership
• [New] Gas produced in Western Canada could sell for a much higher price in Asia than if it were to remain landlocked, and advocates say securing new buyers would reduce Canada's reliance on the United States. BNN Bloomberg
• [New] Accelerating Economic Growth Through Indigenous Partnerships As Canada and the world navigate economic uncertainty, FNMPC and its First Nation members are proving that Indigenous partnerships have incredible potential to de-risk projects and attract new investments. financialpost
• [New] PureWave Hydrogen is an evolving junior oil and gas company with the potential of exploration and development of naturally occurring white hydrogen resources in the United States and Canada. Newsfile
• [New] Long-term tariffs might cause shifts in where HVAC products are manufactured, moving toward the U.S., Mexico, or Canada. OffDeal
• [New] As Canada faces increasing economic uncertainty, rural areas will play a critical role in supplying essential resources. Big News Network.com
• [New] Bank of Canada officials will need to weigh to hit on economic activity against the risk of higher prices that tariffs entail. Morningstar, Inc.
• [New] For Canada, while the direct impact of tariffs may be less severe, the potential slowdown in global trade could still affect Canadian industries reliant on international markets. Educators Financial Group
• Canada plans to take additional retaliatory measures against the U.S. auto tariffs that will have a minimum impact on Canadians. Ratehub.ca
• RVs in the U.S. and Canada use Canadian lumber and some Canadian steel, meaning U.S. manufacturers could be impacted too. Yahoo News

Last updated: 16 April 2025