AGP Executive Report
Last update: 9 hours agoTrade Tensions: Ottawa is widening tariff exemptions for some U.S. goods used in resource industries through 2028, while ending relief on certain aluminum products. But uncertainty is already costing Canadian manufacturers U.S. customers—even when their goods face no tariffs. Foreign Affairs Minister Anita Anand says the U.S. midterm results could open the door to easing trade frictions. Interest Rates: The Bank of Canada says further hikes may be needed to contain inflation, but will decide one meeting at a time amid tariff and global uncertainty. Its key rate is 2.5 per cent after October’s increase. Federal Finances: A new budget watchdog’s sharpest critics warn the projected $62.3-billion deficit for 2027 is far above the $8.4-billion forecast made in 2022, leaving less room to respond to a downturn. Global Ties: Canada and China are advancing financial cooperation, while a debut Chinese yuan bond sale in Canada drew strong demand. Business: RBC plans to acquire Australia’s Yarra Capital, adding about $18 billion in assets to its investment arm.
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