AGP Executive Report
Last update: 29 minutes agoAlberta Referendum: Voters decide Monday whether to stay in Canada or start the legal process toward a future separation referendum—not whether to leave immediately. Prime Minister Mark Carney urged Albertans to choose unity, warning that outside forces seek to divide the country. Energy and Inflation: Bank of Canada Governor Tiff Macklem expects higher oil prices to push the bank’s inflation forecast up when it announces rates Oct. 28. Brent crude is near US$110 a barrel, and Macklem says the risk of inflation becoming persistent has grown. Industrial Investment: Hitachi Energy has begun work on a $479-million London, Ont., factory to make transformer components for Canada’s electricity grid. Production is expected to start in 2028, with about 100 jobs. Steel Industry: Ottawa warned Stelco’s U.S. owner it could face penalties or be forced to sell its Canadian operations if planned layoffs proceed. Trade: Canada and India are moving closer to a trade pact, with Ottawa aiming to conclude negotiations by year-end as the countries work to rebuild economic ties.
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