AGP Executive Report
Last update: 30 minutes agoTrade: Mark Carney says U.S. talks have intensified and Washington is moving closer to Canada’s position, but a deal remains uncertain as the two countries work on easing steel and auto tariffs. Canada and the EU are also preparing a deeper partnership on energy, critical minerals and defence; officials say it will not mean free movement of workers. Energy & Resources: Ovintiv agreed to buy Logan Energy for about C$1.26 billion, expanding its Montney position. Canada Nickel’s proposed deal to supply Swiss Steel with about one million tonnes of low-carbon semi-finished steel annually from 2030 could link Canadian resources with European manufacturing. Business: Alimentation Couche-Tard has offered US$7.5 billion to US$8 billion for Cumberland Farms, below the seller’s reported IPO target. Brookfield is bringing OMERS in as a minority investor in Australian lender La Trobe Financial. Agriculture: The U.S. has eased tariffs on some Canadian goods, but shifting trade measures continue to cloud the outlook for producers.
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