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Thursday, October 22, 2026English edition
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The Geopolitician

Country risk, from the local press

Canada · Country watch

Carney's Turkey Visit, Diesel Prices Squeeze Agriculture

Canada strengthens ties with Turkey for a trade deal; rising diesel costs impact agriculture margins.

· · 17 sources

The picture Mixed How this is judged →

Canada's trade relations improve with Turkey, offering potential new markets. However, rising diesel prices strain agriculture, and legal challenges over the Emergencies Act persist, creating a mixed business environment.

Flare-up watch: Watch what this means → — All Canada briefings →

In this briefing Farm Credit Canada · Mark Carney · Recep Tayyip Erdogan · Government of Canada · Turkey · Supreme Court of Canada

Regulation

Nothing significant reported today.

Disruption

Nothing significant reported today.

Internal tension

Nothing significant reported today.

Safety & health

Nothing significant reported today.

Companies

Nothing significant reported today.

Markets

  • Agriculture

Diesel prices strain Canadian agriculture margins

red and black train on brown field during daytime
Andrew Draper / Unsplash

Farm Credit Canada reports that soaring diesel prices are squeezing already tight margins for the agricultural sector. The Winnipeg Free Press highlights that the rising costs of diesel are impacting farmers' profitability, as they rely heavily on fuel for machinery and transportation. This development adds to the financial pressures on the agriculture industry, which is already facing challenges from fluctuating commodity prices and climate-related issues.

Impact Farmers and agricultural businesses in Canada face increased operational costs due to higher diesel prices.

Sources: Winnipeg Free Press ↗

Trade

  • Public sector

Mark Carney visits Turkey to boost trade ties

Prime Minister Mark Carney is in Turkey for a three-day visit aimed at strengthening political and economic ties. Carney announced a 'strategic partnership' with Turkey, which includes plans to negotiate a free trade agreement, according to La Presse. This initiative follows a bilateral meeting with Turkish President Recep Tayyip Erdogan in Ankara. The move is part of Canada's broader strategy to enhance its economic relations with key NATO allies.

Impact Exporters and investors in Canada may benefit from improved trade relations and potential new markets in Turkey.

Sources: La Presse ↗, Le Devoir ↗

Politics

  • Public sector

Supreme Court to hear Emergencies Act appeal

The Supreme Court of Canada will hear a federal appeal regarding the use of the Emergencies Act during the 2022 protests in Ottawa. The case, brought by civil liberties groups and the provinces of Saskatchewan and Alberta, challenges the government's justification for invoking the Act. Global News reports that the court's decision could have implications for future government responses to national emergencies.

Impact Legal clarity on the use of the Emergencies Act could affect how future protests and emergencies are managed in Canada.

Sources: Global News ↗, National Post ↗

Also today in Canada

Sources in this briefing

Sources: each headline links to the original article on the publisher's site.

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The same day elsewhere