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 Canada Infrastructure Bank was set up and is designed to provide an opportunity to accelerate much-needed construction for Canada's infrastructure, which had been neglected for far too long. SenCanada
• [New] In recent days, Canadian officials have expressed concerns that Beijing could take advantage of the U.S.-Mexico-Canada trade pact to use Mexico as a base for exporting cheap goods. The Yucatan Times
• [New] Negative net migration will accelerate the rate of population ageing and will quickly lead to a situation where deaths in Canada exceed births. Independent Australia
• [New] Canada can be attractive to international health service companies, with the public healthcare system offering different collaboration and funding opportunities. RETAIL INSIDER
• [New] UK-based Moltex Energy will build a demonstration SSR-W at the Point Lepreau nuclear power plant site in Canada under an agreement signed with the New Brunswick Energy Solutions Corporation and NB Power. World Nuclear News
• [New] North America will likely generate a share of 50.1% in 2024 due to rising popularity of content creation, live streaming, and e-learning in the U.S. and Canada. Persistence Market Research
• [New] Canada will likely adopt a tiered approach, starting with read-only access for large fintechs to basic banking and investment data. Centre for International Governance Innovation
• [New] The combined entity would have an attractive growth profile, including three definitive feasibility study-stage development projects and a promising near-term expansion opportunity at North American Lithium in Quebec, Canada. Mining Weekly
• [New] International collaboration with other mountain biking regions, such as Canada and Europe, could help improve data accuracy and provide a more comprehensive understanding of injury rates, participation trends, and trail use. TRC Tourism
• [New] For 15 years, the Government of Canada, through FedDev Ontario, has worked to advance and diversify the southern Ontario economy through funding opportunities and business services that support innovation, growth and job creation in Canada's most populous region. StockTitan
• [New] The United States reached an agreement with Finland and Canada to increase the productivity of building icebreakers, which will aid in geopolitical opportunities in the Arctic region. FDD
• [New] ICE Pact will help provide the stability necessary to support the production of Arctic and polar icebreakers and strengthen U.S, Canada and Finland's shipbuilding industries. SAFETY4SEA
• [New] Attracting Skilled Workers: Employers who offer competitive wages will have a better chance of attracting skilled foreign workers who are eager to contribute to Canada's growth and development. ImmigCanada Immigration Consulting Services
• [New] The United States, under newly elected president Donald Trump, will have a direct lever to hold the Canadian economy hostage to its demands in mandated upcoming trade renegotiations. Brock University
• [New] While the Comprehensive Economic and Trade Agreement between the EU and Canada, which is considered one of the most comprehensive in the world, eliminated 99% of all tariffs, RCEP is only expected to reduce up to 90% of tariffs. InterEconomics
• [New] The world's top ten gas producers can be divided into three groups: the United States, Canada, Norway and Australia, which have adopted policies to reach net zero emissions by 2050. FIRSTonline
• [New] The Sheinbaum administration has demonstrated that it is firmly committed to North America and will not allow its trade and investment relationship with China to adversely affect its relationship with the United States - which imports around 80% of all Mexican exports - and Canada. Mexico News Daily
• [New] Preparing oil and gas workers for a green energy transition: Canada's fossil fuel industries are major employers, but as countries start moving toward cleaner energy production, Canada will need to prepare for a transition. Canada Foundation for Innovation
• [New] In another sign the incoming administration might take a hands-off approach to Canadian energy, Trump backed the cancelled Keystone XL pipeline expansion, which would have shipped more western Canadian crude into the United States. BDC.ca
• [New] Health Canada has authorized three influenza vaccines that could be used if bird flu became a pandemic. CP24
• [New] What was once an opportunity for Canadian companies to freely promote their ESG progress has now become a growing area of risk, as sustainability reporting faces heightened accountability. Teneo
• [New] Some company executives see a risk that an increase in U.S. oil and gas production and exports may shunt out Canadian exports to other parts of the world. MarketScreener

Last updated: 27 November 2024