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] As AGG works to further modernize the Port of Churchill, with planning for new terminals and year-round operations, as well as building up the Hudson Bay Railway to modern industrial weight standards that seamlessly intertie with Canada's class 1 rail network, Aecon will be a trusted partner. AECON - Aecon Group Inc.
• [New] FinDev Canada's investment helps advance Canada's ongoing relationship with Argentina by supporting key infrastructure projects that promote climate mitigation, create economic opportunities, and strengthen sustainable development. Development Finance Institute Canada
• [New] Canada's federal budget for the 2026 cycle proposes to create the First and Last Mile Fund, which would absorb the Critical Minerals Infrastructure Fund and leverage existing funding to provide CAD 1.5 billion in support through to the 2029-30 fiscal year. IEA
• [New] Canada has the strong potential to grow its manufacturing base for renewable energy technologies, batteries and battery components, and other strategic applications, underpinned by its abundant low-emissions power and critical mineral resources. IEA
• [New] Canada's lithium reserves could supply around half of cumulative global demand from 2030 to 2050. IEA
• [New] Canada's slate of existing and announced projects could enhance its role as a major global supplier of nickel, lithium, graphite, cobalt and rare earth elements. IEA
• [New] The latest Critical Minerals Review of Canada shows that at a time of increasing concentration risks, including from export controls by the dominant supplier, Canada has the potential to contribute to the development of secure, diversified and competitive global supply chains for critical minerals. IEA
• [New] Fast-Growing Service Type: Micro mobility services is the fast-growing segment, expanding at 21% CAGR through 2032, driven by demand for last-mile connectivity, expanding e-scooter fleets, and dedicated urban cycling infrastructure across U.S. and Canadian cities. Persistence Market Research
• [New] The Bank of Canada had projected real GDP economic growth of 1.1% for 2026. True North Mortgage
• [New] Canada's Newfoundland and Labrador Northern cod quota will jump 55% to 59,000 tonnes in 2026, Fisheries Minister Joanne Thompson announced, marking the third consecutive year of significant increases as global cod supplies tighten. SeafoodNews
• [New] Japan will be able to export defence equipment and technologies to Canada, providing the Canadian military with an additional source of supply. Militarnyi
• [New] The Government of Canada will invest more than CA$ 900 million ($660 million) in the development of drones and other military technologies. Militarnyi
• [New] Honda to shelve $11bn Canada EV plant as demand sputters Honda is expected to freeze its planned Ontario EV and battery plants as weak U.S. EV demand, lost tax credits and policy uncertainty push it toward hybrids. International Organization of Motor Vehicle Manufacture
• [New] Canada is expected to report a small quarter-over-quarter gain in productivity. Marc to Market
• [New] The Canadian Space Operations Centre is supposed to track all launches and flag debris risk. SenCanada
• [New] With the FIFA World Cup 2026 opening in mid-June across 16 host cities in the US, Canada, and Mexico, threat actors have already deployed active infrastructure targeting event attendees, corporate sponsors, telecommunications providers, airlines, hotels, and payment card systems. Tech Jacks Solutions Security Command Center
• [New] Canada's resource base, geographic position and export potential are becoming increasingly valuable. RBC Capital Markets
• [New] Canada is discussing a rule requiring half the parts in each vehicle to be made locally, which could limit which models reach Canadian dealerships. Rest of World
• [New] Only where neither domestic build nor partnership is feasible will Canada buy from allies, and then subject to conditions designed to ensure reinvestment in Canada, long-term sustainment capability, and sovereign control over operations and critical technologies. Mondaq
• [New] Canada risks incurring the wrath of the United States, just as the USMCA review negotiations get underway. Marc to Market
• Energy security and net zero are key priorities for countries across the world, there is a global upsurge in demand for nuclear power with a host of nations - including the US, Canada, France, Japan and Sweden - pledging to triple nuclear capacity by 2050. Rolls-Royce SMR
• In the recent report from the Office of the Parliamentary Budget Officer entitled Demographic Implications of the 2026-2028 Immigration Levels Plan, we see that Canada's population growth is now almost entirely dependent on net immigration. SenCanada

Last updated: 24 June 2026