Topic

US-Canada economic relations

56 eventsActive since 8 Sept 2026Updated 19 Oct 2026Economic

Timeline · newest first

economic19 Oct 2026

Mullen Group Ltd. Announces Acquisition of Willson International

On October 19, 2026, the Alberta-based logistics provider Mullen Group Ltd. announced it had entered into definitive agreements to acquire Willson International Limited, a firm specializing in customs brokerage and trade compliance. The transaction involves Willson's Canadian and U.S. operations, which currently employ over 330 staff members. This acquisition is intended to expand Mullen Group’s existing customs brokerage platform, which already includes the services of Cole International.

economic18 Oct 2026

Canadian Government Threatens Legal Action Against Steel Producer Over Layoffs

The Canadian government, led by the administration of Mark Carney, threatened legal action against the U.S.-based steel producer Cleveland-Cliffs following the company's decision to proceed with layoffs at its Canadian subsidiary, Stelco. Industry Minister Mélanie Joly stated that the government is reviewing potential measures under the Investment Canada Act, which could include financial penalties or court-ordered compliance, after the company bypassed federal demands to maintain employment levels. These layoffs, which impact approximately 500 employees, occurred amid broader economic trends that saw 110,000 jobs lost in Canada during August and September. Government officials contend that Cleveland-Cliffs is failing to honor employment commitments made during the 2024 acquisition of Stelco, while the company maintains these reductions are necessary due to current market conditions and trade tariffs.

economic18 Oct 2026

Analysis: Carney’s pipeline push unlikely to restore Canada’s oil jobs boom

Mark Carney advocated for a pipeline push in Canada. The analysis concluded that this initiative was unlikely to restore the country's oil jobs boom.

economic17 Oct 2026

Bank of Canada raises inflation outlook due to rising oil prices

The Bank of Canada increased its inflation outlook. This decision followed a rise in oil prices.

political17 Oct 2026

Alberta Premier Smith acknowledges federal progress on regional projects

Alberta Premier Danielle Smith stated that recent federal decisions to fast-track pipeline projects demonstrated a shift in Ottawa’s perspective and a commitment to her province. This acknowledgment occurred shortly before an upcoming vote in Alberta, where citizens are scheduled to cast ballots on 10 subjects, including constitutional changes and the potential for a binding referendum on separation from Canada. Smith noted that while polling indicates only 20 to 30 per cent of Albertans support separation, she viewed the federal government's recent efforts as a genuine attempt to find a middle ground.

economic16 Oct 2026

Fixed mortgage rates rise in Canada amid inflation concerns

Fixed mortgage rates in Canada experienced incremental increases this week amid growing concerns regarding inflation. Although lender funding costs remained largely stable, analysts noted that these costs are unlikely to ignore persistent inflation risks and rising oil prices indefinitely. Data from Dominion Lending Centres Group indicated that consumer preference for variable-rate mortgages declined, with 52.8 percent of prime borrowers choosing this option in the current month compared to 57.1 percent in the previous month.

economic16 Oct 2026

Air Canada and United Airlines Announce New Transborder Routes for Summer 2027

On October 16, 2026, Air Canada and United Airlines announced a suite of new and expanded transborder flight routes for the summer of 2027. These additions include new services such as Toronto to Louisville, Edmonton to Newark, and Denver to Ottawa and Québec City, aimed at strengthening connectivity between Canadian communities and key U.S. hubs. The expansion is supported by the renewal of the carriers' Transborder Joint Business Agreement, which has facilitated 20 new routes and served more than 4.3 million passengers since its 2022 establishment. The agreement remains subject to regulatory approval from Transport Canada.

economic16 Oct 2026

Toyota reaffirms commitment to manufacturing operations in Canada

Toyota Motor Corp. reaffirmed its commitment to Canadian manufacturing by preparing to produce its latest compact crossover at an Ontario plant starting in December. The company invested US$1.1 billion in its Canadian operations for the RAV4 model, which entered production in January. Toyota operates a 38-year-old factory complex in Cambridge and an additional facility 48 km away, which together produced 537,518 vehicles last year, establishing the firm as Canada's largest vehicle manufacturer.

economic16 Oct 2026

Canada updates Express Entry program to favor high-wage applicants

The Canadian federal government announced changes to its Express Entry immigration program, effective in November, which will provide extra points to candidates with high-wage occupations. Immigration minister Lena Metlege Diab stated that the initiative aims to attract and retain skilled workers to support a prosperous economy and public services. A high-wage occupation is defined under the new criteria as one with a median wage of at least 1.3 times the median wage of the overall Canadian workforce, such as engineers and electricians.

economic16 Oct 2026

EverWind to build Nova Scotia data centre, lease to AI developer

EverWind Fuels Co. announced a $10 billion investment to construct a data centre campus and expand wind generation infrastructure at its Point Tupper site in Nova Scotia. The project includes an $8 billion investment for the data centre and $2 billion for expanding the company’s onshore wind portfolio. EverWind secured a long-term lease agreement with a leading frontier AI developer for the initial 95-megawatt phase of the data centre, which is expected to begin operations in late 2027, followed by a 325-megawatt expansion in 2028.

economic16 Oct 2026

EverWind Announces $10 Billion Data Centre and Energy Project in Nova Scotia

On October 16, 2026, EverWind announced a $10 billion private investment in a new data centre campus and renewable energy infrastructure located at Point Tupper, Nova Scotia. The project includes $8 billion for the development of the data centre campus and $2 billion for the expansion of an onshore wind power portfolio. This initiative represents the largest privately funded investment in Nova Scotia’s history.

economic16 Oct 2026

Hitachi Energy Announces C$479 Million North American Manufacturing Expansion

Hitachi Energy announced a C$479 million investment to expand its North American insulation and components business. As part of this expansion, the subsidiary of Hitachi, Ltd. planned to construct a new transformer insulation facility.

economic16 Oct 2026

Alphabet's Waymo plans first Canada robotaxi service in Toronto in 2028

Alphabet's Waymo announced on October 16 that it planned to launch its autonomous ride-hailing service in Toronto by 2028, representing the company's first expansion into Canada. Waymo intended to partner with Element Fleet Management to handle fleet operations in Toronto while also expanding into London and Tokyo. The company stated that it would begin groundwork, including mapping and engagement with local authorities, to prepare for the future deployment of the Waymo Driver.

economic16 Oct 2026

Canadian steelmakers offset US tariff impact with domestic demand

Canadian steelmakers utilized domestic demand to offset the impact of United States tariffs. This adjustment involved manufacturers responding to trade restrictions by redirecting sales within the Canadian market.

economic16 Oct 2026

CREA Updates 2026 and 2027 Resale Housing Market Forecasts

On October 16, 2026, the Canadian Real Estate Association (CREA) released updated forecasts for resale housing market sales activity and average home prices for 2026 and 2027. The revisions were prompted by volatility in global energy markets and shifting borrowing costs, which the organization described as a roller-coaster year. Specifically, rising oil prices following the start of the Iran conflict and a hawkish tone from the Bank of Canada led to increased fixed mortgage rates, which prompted the updated outlook.

economic16 Oct 2026

Canadian Home Sales Decrease by 2.3 Percent in September

Canadian home sales recorded over MLS® Systems declined by 2.3% month-over-month in September 2026, according to data from the Canadian Real Estate Association (CREA). Senior Economist Shaun Cathcart attributed the downturn to an increase in fixed mortgage rates and the prospect of a Bank of Canada interest rate hike before the year's end. This shift interrupted a four-month period of positive progress in market demand, supply, and pricing, with total activity for September 2026 landing 7.7% below the levels recorded in September 2025.

economic15 Oct 2026

Bombardier Invests $50 Million in Wichita Facilities

On October 15, 2026, Bombardier announced an approximately $50 million investment in its Wichita, Kansas facilities to expand site capabilities and infrastructure. As part of this initiative, the company inaugurated its first North American Learning Center, designed to provide specialized skills training for new aircraft technicians and mechanics supporting its U.S. service network. The investment also included the recent expansion of the site's Wheel and Tire Shop and plans for future capability enhancements.

economic15 Oct 2026

Freehold Royalties Declares Dividend for October 2026

On October 15, 2026, the Board of Directors of Calgary-based Freehold Royalties Ltd. declared a dividend of Cdn. $0.09 per common share. The dividend is scheduled to be paid on November 16, 2026, to shareholders of record as of October 30, 2026. Freehold Royalties, which trades on the Toronto Stock Exchange under the symbol FRU, manages approximately 6.0 million gross acres in Canada and 1.2 million gross drilling acres in the United States.

economic15 Oct 2026

Roots Corporation Receives Final Court Approval for Plan of Arrangement

Roots Corporation received a final order from the Ontario Superior Court of Justice approving its plan of arrangement, following the previously announced acquisition by Marquee Brands LLC. Under the terms of the agreement, Marquee Brands LLC, through its strategic operating partner JM&A Design & Development Inc., will acquire all outstanding common shares of Roots for C$4.10 per share in cash. This judicial approval served as the final substantive requirement for the transaction, which involves a Canadian lifestyle brand that operates over 100 locations in Canada and two in the United States.

political15 Oct 2026

David Eby's proposed tax increase for top earners faces voter opposition

British Columbia Premier David Eby proposed an increase to the provincial tax rate for high earners, specifically targeting income above $190,000 and introducing a new bracket for those earning over $1 million. If enacted, this policy would bring the combined federal and provincial top marginal income tax rate to 57.5 percent. Eby initiated this proposal while calling for an early election, framing his campaign around the need for a mandate to navigate potential trade conflicts involving Donald Trump. However, the New Democratic Party currently trails in public opinion polls with nine days remaining before the vote.

economic15 Oct 2026

Canadian manufacturing sales rose in August

Canadian manufacturing sales rose by 1.5 per cent to $79.9 billion in August, marking a recovery following a 0.3 per cent decline in July. The growth was driven primarily by the metal and chemical subsectors, which saw increases of 14 per cent and 4.4 per cent, respectively, despite a 2.6 per cent drop in transportation equipment sales. While sales were broadly positive across 12 of 21 subsectors, the reported data did not yet reflect the implementation of recent 50 per cent United States tariffs.

political15 Oct 2026

Canadians divided over government proposals to change strike intervention rules

Canadian citizens remain divided over proposed government legislation that would establish specific conditions for the use of Section 107 of the Canada Labour Code to terminate labour strikes. A Nanos Research Group poll indicated that 32 per cent of Canadians supported granting the federal labour minister the power to end strikes deemed contrary to the national interest, while 36 per cent preferred a requirement for formal back-to-work legislation, and 25 per cent opposed any government intervention. Prime Minister Mark Carney’s government introduced these changes following recent ministerial use of Section 107 to resolve disputes involving port, rail, postal, and flight attendant workers. Labour groups have expressed opposition to the proposed conditions on the government's intervention powers.

economic15 Oct 2026

Canadian lender Cash Today under investigation after 44,000 loans are unaccounted for

Edmonton-based lender Cash Today Inc. is under investigation after a court-appointed receiver, MNP Ltd., discovered that nearly 44,000 loans worth approximately $229 million reported by the company were unaccounted for. While the firm initially claimed these outstanding loans at the end of last year, MNP's inspection revealed records of only 256 active loans totaling less than $900,000. Additionally, the company informed the receiver that it held no bank accounts in its own name, complicating efforts to track the usage of investor funds and the firm's total assets.

economic15 Oct 2026

BDC Survey: 78% of Entrepreneurs Focused on Growth Despite Economic Volatility

The Business Development Bank of Canada (BDC) released a survey on October 15, 2026, finding that 78% of entrepreneurs prioritized business growth despite ongoing economic and trade volatility. The study identified several challenges facing small businesses, including the emergence of AI, scarce and expensive talent, fragile supply chains, and potential trade shocks. The findings coincided with the launch of Small Business Week, which utilized the theme 'It’s a two-speed world now. Fast or Finished.'

economic14 Oct 2026

Doug Ford says Canada must plan for potential long-term U.S. tariffs

Ontario Premier Doug Ford stated that Canada must prepare for the possibility that United States trade protectionism and tariffs will remain in place beyond the current administration. Ford argued that the economic partnership between the two nations has changed permanently and can no longer be relied upon as it once was. He advocated for Canada to plan for these trade measures as if they are permanent, following his previous support for dollar-for-dollar retaliatory tariffs.

economic14 Oct 2026

Canadian Banc Corp. Announces Overnight Offering of Shares

On October 14, 2026, Canadian Banc Corp. announced an overnight offering of its Preferred Shares (BK.PR.A) and Class A Shares (BK) led by National Bank Financial Inc. The Preferred Shares were priced at $10.35 per share, while the Class A Shares were priced at $15.40 per share, both lower than their respective closing prices of $10.42 and $15.77 on October 13, 2026. The offering is scheduled to conclude on October 15, 2026, and is expected to close on or about October 22, 2026, subject to Toronto Stock Exchange approval.

economic14 Oct 2026

Deloitte projects 14% decline in Canadian holiday spending

Deloitte Canada released its 2026 holiday retail outlook projecting a 14% decrease in total holiday spending, with average expenditures falling to $1,305 from $1,521 in 2025. The report identified that 29% of Canadians intended to reduce spending as they prioritized value-based purchasing amid rising economic concerns. Specific segments expected to see declines included gifts and gift cards at 5%, holiday entertaining at 22%, and experiences such as travel and dining at 20%.

political14 Oct 2026

USA & Canada Intelligence Brief: October 14, 2026

On October 14, 2026, the Canadian Medical Association and Canadian Nurses Association demanded predictable federal health financing to ensure service delivery, while the Alberta Court of Appeal ruled 4–1 that the federal Impact Assessment Act was unconstitutional. Simultaneously, Conservative Leader Pierre Poilievre traveled to Detroit on October 13 to urge tariff-free auto trade and criticize Prime Minister Mark Carney’s negotiation strategy. These domestic pressures coincided with Ottawa’s decision to pause the purchase of 16 US-made Black Hawk helicopters amid trade tensions and a pending September CPI inflation report in the United States. These events highlight a federal government facing concurrent challenges to its jurisdictional authority from provinces and its economic policy from the official opposition.

economic14 Oct 2026

Canadian tax brackets and Old Age Security clawback explained

Ted Rechtshaffen reported that some Canadian retirees, specifically those aged 65 and older, were subject to an effective tax rate of approximately 60 percent due to the Old Age Security (OAS) clawback. This threshold exceeds the 53.5 percent top marginal tax rate paid by high-income earners in Ontario. The situation was triggered by the OAS recovery tax formula, which reduces government benefits for individuals based on specific income levels.

economic13 Oct 2026

News brief: Canadian energy projects, defense technology, and corporate updates

TC Energy Corp. announced the closure of an agreement with an investment entity representing the Haisla Nation, Halfway River First Nation, McLeod Lake Indian Band, and Saulteau First Nations. This development occurred amidst a building boom in Western Canada’s energy sector, which analysts identified as the largest in a generation. The deal aims to transform existing partnerships into long-term economic opportunities for the involved Indigenous groups.

Know where. Know why.