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 Cement Association of Canada published a Roadmap to Net-Zero Carbon Concrete by 2050. / China IEA
• [New] The USMCA's tariff exemptions have softened the immediate impact, but rising uncertainty, plus protectionist U.S. tariffs, could push Canada and Mexico toward seeking alternative markets or further deepening bilateral ties. Infinite
• [New] The potential for USMCA termination in 2026 adds to trade uncertainties. / Canada Farm Management
• [New] Canada will apply export charges to its exports of skim milk powder, milk protein concentrates and infant formula at volumes over agreed threshold, which will allow United States producers to expand sales overseas. United States Trade Representative
• [New] Canada will provide new access for United States products including fluid milk, cream, butter, skim milk powder, cheese, and other dairy products. United States Trade Representative
• [New] By late 2025, Bombore's annual production capacity is expected to exceed 170,000 ounces, up from 118,746 ounces in 2024. / Canada Ecofin Agency
• [New] Canada is currently aiming to reduce its total national emissions by at least 40% below 2005 levels by 2030. CBC
• [New] The LNG Canada project, which targets Asian markets, and joint solar initiatives with Mexican firms highlight a broader trend: North American integration as a hedge against global disruptions. Ainvest
• [New] By 2030, Canadian families can expect the tax burden to soar to C$2,773 in certain provinces like Alberta. Armstrong Economics
• [New] The potential shutdown of Canada's largest airline because of a labour dispute has business groups warning of the damage it will do to an already fragile economy. Yahoo Finance
• [New] China's imposition of a 75.8% duty on Canadian canola seed is expected to significantly affect Canada's $44 billion canola industry, expected to cause immediate price reductions and financial losses for more than 40,000 producers. Doane Grant Thornton LLP
• [New] Canada's Liberal government is expected to unveil a new Arctic policy by the end of the year. World Socialist Web Site
• [New] Trade uncertainty creates a dilemma: if tariffs are temporary, restructuring is risky and potentially irreversible; if permanent, restructuring is necessary but costly and slow, and in some cases, even low tariffs will still incentivize shifts in production out of Canada over a three-year period. C.D. Howe Institute
• [New] Uncertainty around tariffs is causing growing economic damage in both Canada and the United States - and threatens significant permanent damage to Canadian investments and jobs, or the need for massive restructuring in key sectors if prolonged. C.D. Howe Institute
• [New] In 2025, Canada will launch a new cybercrime and fraud reporting system to make reporting easier and more streamlined. Stimson Center
• [New] Australia will move to recognise a state of Palestine at the next United Nations meeting in September, in unison with the United Kingdom, France and Canada. Australian Broadcasting Corporation
• [New] Canada's spy agency is warning that threats from Iran's theocratic regime could increase in 2025 and Tehran will continue to use members of criminal gangs to target its critics in Canada. NCRI
• [New] Australia will recognize a Palestinian state next month, following similar calls by Britain, France and Canada. Havana Times
• [New] Canada, US, Mexico, Vietnam, Thailand, Jamaica, and Bahamas will shape the future of travel in August with new business events and conferences. Travel And Tour World
• While challenges remain in terms of capacity constraints, regulatory compliance, and financial sustainability, the long-term outlook for Canada's airports is positive, with opportunities for innovation, growth, and resilience in the face of ongoing industry disruptions and changes. MarkWide Research
• Canada is on pace to miss its interim 2026 target, reducing emissions by only 16% by 2026, short of the 20% required. Ainvest

Last updated: 20 August 2025