AGP Executive Report
Last update: 6 hours agoFinancial Enforcement: The U.S. has sanctioned eight Canadian money-services businesses, alleging they helped Iranian entities evade sanctions, including through cryptocurrency. Canada’s FINTRAC worked with U.S. authorities on the action. Trade: Canada and India are accelerating free-trade talks, with agriculture, services and worker mobility on the table ahead of Prime Minister Narendra Modi’s planned December visit. China has also extended tariff relief on some Canadian goods, offering producers more certainty. Jobs and Budget: Canada lost 4,700 jobs in October and unemployment rose to 6.7%. The federal budget proposes $142.1 billion in measures focused mainly on investment, alongside affordability support and plans for a sovereign wealth fund; critics question the scale of borrowing and who benefits from corporate tax incentives. Energy and Industry: The budget pledges major support for infrastructure and a larger electricity grid as Ottawa seeks to boost domestic investment. Meanwhile, experts warn that Canada’s military contracts with U.S. firm Palantir could create risks around data access and reliance on foreign technology.
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