AGP Executive Report
Last update: an hour agoRecession Watch: Canada’s economy slid into a surprise technical recession, with Q1 real GDP down 0.1% on an annualized basis and flat quarter-to-quarter, as tariff uncertainty and higher prices weigh on investment and hiring. Public Finance: The federal government posted a $55.28B deficit for 2025-26, per the monthly fiscal monitor, with revenue at $500.02B and program expenses rising. China EVs: Chinese-made electric vehicles are starting to enter Canada under a new Carney-Xi arrangement allowing up to 49,000 EVs in 12 months at about a 6% tariff, after prior tariffs effectively blocked imports. Defence & Industry: Canada and Ukraine signed an agreement to co-produce drones for Ukraine, while Plurilock launched a CPCSC readiness program to help defence suppliers meet mandatory cybersecurity certification. Markets & Tech: Ninepoint filed for a SpaceX HighShares ETF in Canada, and ZenaTech is moving into AI data-centre construction monitoring with LiDAR-based software. Justice: Kenneth Law, a Canadian man who sold “suicide packets” online, pleaded guilty to 14 counts of assisting suicide, including cases tied to the UK.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.
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