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] VIA Rail Canada aims to continue reducing greenhouse gas emissions by 30% by 2030. Scenic Train Vacations and Packages | Vacations By Rail
• [New] Canada will continue to prioritise investments in the Arctic as part of its ongoing work to strengthen collective defence, defend transatlantic security, and protect the values that unite us. Prime Minister of Canada
• [New] An approximately $800 million contract with Norwegian company Kongsberg Defence and Aerospace to procure Joint Strike Missiles, a type of long-range missile, which will be integrated into future fighter aircraft for the Royal Canadian Air Force. Prime Minister of Canada
• [New] An agreement-in-principle with Telesat for ESCP-P to utilise Telesat Lightspeed to provide sovereign, reliable, and continuous military satellite communications in the Arctic - expected to result in a multi-billion-dollar investment in Canada's defence sector. Prime Minister of Canada
• [New] Canada is on a clear path to meet NATO's target of investing 5% of GDP in defence by 2035. Prime Minister of Canada
• [New] The Canadian Mortgage and Housing Corporation has begun to consider climate risks as part of their wider risk management strategy. Climate X
• [New] Investments in refining and processing capacity, together with greater government engagement on later-stage mining projects, suggest Canada's industrial strategy is beginning to evolve from announcing opportunities toward enabling them. Ivey Business School
• [New] In 2026, the European Allies and Canada are once again expected to increase their defence budgets to a total of around 634 bn USD, representing 2.53% of their total GDP. International Centre for Defence and Security
• [New] US gross domestic product is expected to grow 2.3%, compared with 0.9% for the Eurozone, 1% for the United Kingdom, 1.1% for Canada, and 0.6% for Japan. Al Jazeera
• [New] Looking ahead, Environment and Climate Change Canada's weather forecasts point to above-average temperatures across much of Canada from July through August, with dry conditions expected for some regions like Manitoba and Northwestern Ontario. Yahoo! Finance
• [New] Defence spending is expected to nearly triple by 2030 in response to rising geopolitical pressures. / Canada Network for Strategic Analysis (NSA)
• [New] With both the U.S. and Canada moving toward regulatory refinement and product diversification, North America is expected to retain its leadership role in the global legal cannabis landscape. Persistence Market Research
• [New] The Canadian government's Digital Border Strategy targets full automation of border operations by 2030, including the implementation of AI-driven eGates with multilingual support at major airports, such as Toronto Pearson and Vancouver, representing a strategic infrastructure modernization. Persistence Market Research
• [New] Strictly for 2026, comparing the possibility of borrowing at 4% in Canada for a gross yield of 6-7% in Calgary or Regina, the risk / return pair remains very competitive internally, without exchange rate risk. Jarnias Cyril
• [New] Canada has world-class subsurface expertise and a growing opportunity to lead in geothermal. Highways Today
• [New] Canada's government is striking the right balance between seizing oil-and-gas export opportunities opened up by geopolitical upheaval and pursuing its long-term ambition of building a clean power-driven economy. Canada's National Observer
• [New] Fossil gas output is expected to rise over the next 25 years, along with potential gains for oil, the Canada Energy Regulator said in its 2026 Canada's Energy Future released in March. Canada's National Observer
• [New] Fossil fuels will remain a key part of Canada's energy mix in the coming years. Canada's National Observer
• [New] Canada risks losing manufacturing volume to U.S. plants. LinkedIn
• [New] Canada, Venezuela, Brazil, Russia, Australia, and the U.S. have the most renewable water resources in the world, yet every community will have different levels of water resources and will be affected by water stress differently. ClimateCheck
• [New] Canada is expected to hold approximately 18% of the regional demand share in 2026, supported by centralized laboratory networks and provincial infection control programs. Persistence Market Research

Last updated: 15 July 2026