AGP Executive Report
Last update: 10 hours agoTrade Talks: Prime Minister Mark Carney says Canada and the U.S. are making progress toward a trade deal, with teams aiming to advance talks in the coming weeks. Donald Trump described a possible agreement as a “concept”; no deal has been finalized. Federal Budget: Carney’s budget, due Thursday, is expected to include affordability measures, business tax incentives and investments in infrastructure and defence amid trade uncertainty. LNG Investment: Blackstone and Canadian pension funds agreed to invest $3.1 billion for a minority interest in Mitsubishi’s stake in LNG Canada, backing an expansion that would double the project’s capacity to 28 million tonnes a year. Economic Pressures: The Bank of Canada has raised its key rate and signalled further increases may be possible, while Canada’s economy stalled for a second straight month in August. Food Production: Ottawa is investing $750 million in year-round domestic food production, aiming to improve access to fruits and vegetables.
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