AGP Executive Report
Last update: 39 minutes agoB.C. Priorities: Premier-designate Lorne Doerkson says his new majority government will seek to raise the basic personal tax exemption, review provincial finances and advance the proposed Pacific Link pipeline; he has not ruled out a fall legislative session. U.S. Trade: Washington has eased some tariffs on Canadian goods, while White House adviser Kevin Hassett says negotiations are gaining momentum. Prime Minister Mark Carney says any deal must serve Canada’s interests. Canada-EU Ties: Leaders meet in Montréal this week to advance cooperation on defence, AI and critical minerals as Ottawa looks to broaden trade ties beyond the U.S. Interest Rates: Markets increasingly expect the Bank of Canada to raise its 2.25 per cent policy rate this week, though weak jobs data and sluggish growth complicate the decision. Industry and Defence: Ottawa’s $193-million package for two aluminum projects is aimed at modernizing smelters and supporting jobs, while an Ottawa drone maker is expanding production capacity amid plans for increased Canadian defence spending.
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