Canada · Country watch
Canada-China Trade Deal, Alberta Electoral Map
Canada extends trade deal with China to 2028; Alberta moves to formalize a new electoral map.
The picture Stable How this is judged →
Business conditions in Canada remain stable with a trade deal extension with China and Alberta's new electoral map. These changes provide stability in trade and politics.
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In this briefing Canadian defence firms · Canada · China · Mickey Amery · Alberta
Companies
Foreign firms acquire Canadian defence companies
Foreign companies are acquiring key Canadian defence firms without objections from the federal government, according to the Ottawa Citizen. This development occurs despite efforts by figures like Mark Carney to reduce reliance on U.S. suppliers. The acquisitions may influence Canada's defence sector dynamics, potentially affecting domestic production and supply chains.
Impact Canadian defence sector faces increased foreign ownership, impacting local supply chains and production.
Sources: Ottawa Citizen ↗
Trade
Canada-China extend canola and steel trade deal
Canada and China have extended their trade agreement on canola and steel until the end of 2028. Radio Canada reports that Ottawa aims to increase its exports to China by 50% by 2030. The extension is part of Canada's broader strategy to enhance its trade relations with China, focusing on key commodities like canola and steel. This move is expected to provide stability and growth opportunities for Canadian exporters in these sectors.
Impact Canadian exporters of canola and steel benefit from extended trade terms with China until 2028.
Sources: Radio Canada ↗, Le Devoir ↗
Politics
Alberta moves to formalize new electoral map
The Alberta government has moved to formalize a new electoral map, following a motion passed in the legislature. The Edmonton Journal reports that Justice Minister Mickey Amery tabled the motion, which calls for Members of the Legislative Assembly to concur with the new proposals. This development is part of ongoing efforts to redefine electoral boundaries in the province, potentially impacting future political representation and policy-making.
Impact Alberta's public-sector entities may face changes in political representation with the new electoral map.
Sources: Edmonton Journal ↗
Nothing significant reported today in Regulation · Disruption · Internal tension · Safety & health · Markets.
Also today in the local press
- L’élargissement de la consigne pourrait encore être reporté — Le Journal de Quebec
- Il complètera son second mandat, après quoi Bruno Marchand ne ferme pas la porte à la politique provinciale — Le Journal de Quebec
- Local business leadership finds ‘sense of hope’ in U.S. midterm election results — Winnipeg Free Press
- Israeli president accepts election results, begins talks on new government — Global News
- New Brunswick watches for trade relief after U.S. Democrats’ midterm victory — Global News
- Letters: Time for Mark Carney to get to work on U.S. trade deal — Edmonton Sun
- In Manitoba, expectations are high for federal budget — Winnipeg Free Press
- Les trois actus du 4 novembre — Le Devoir
Sources in this briefing
Sources: each headline links to the original article on the publisher's site.
The same day elsewhere
- Argentina: Belgrano Cargas Privatization Delayed; Toledo Faces Legal Woes
- Brazil: Lula's Security Ministry, Selic Decision, Dollar Falls
- China: China's New Regulatory Framework, Yuan Intervention
- Colombia: Gas Pipeline Priority, El Dorado Chaos, Export Surge
- Germany: BMW Profit Warning, Eurozone Inflation Surge
- Egypt: Egypt-Slovenia Trade Pact, FRA-IFC Agreement
- Spain: Madrid Road Closure, Energy Concerns, Government Shake-up
- France: Gasoline Prices Drop, Nationwide Strikes Loom
- United Kingdom: Labour's EU Food Deal, Scottish Rates Review Delayed
- Indonesia: Rupiah Weakens, Stock Index Rises, Forest Fires Alert
- Israel: Amdocs Stock Plummets, Shekel Under Pressure
- India: India-Iran Maritime Deal, EU Trade Stance, Market Surge
- Iran: IRGC Tanker Destruction, Tehran Stock Surge
- Italy: Cyberattacks Target Italy, Markets Rally Post-Midterms
- Jordan: Jordan-Iraq Visa Eased, Zarqa Exports Surge
- Kenya: Kenya-Sweden Trade Deal, Cargo Loading Suspension
- South Korea: Korean Banks Fined, Crypto Tax Delay Proposed
- Lebanon: Lebanon Faces Fuel Supply Concerns Amid Global Tensions
- Morocco: Energy Strategy Shift, Tax Dependency Concerns
- Mexico: AHMSA Acquisition Advances, INE Launches Audits
- Malaysia: Google's RM61b Investment; Selangor Floods Disrupt
- Nigeria: Tinubu Seeks $7.7bn Loan, State Police Bill Advances
- Netherlands: Dutch Inflation Rises, Ebusco Secures Funding
- Poland: Poland-UK Defense Pact, Fuel Fine Increases
- Portugal: Eurozone Inflation Rises, Housing Protests Persist
- Russia: Russia Raises Alcohol Tariffs, Crimea Faces Power Cuts
- Senegal: Starlink License Suspended, Dengue Case Sparks Response
- Syria: Syria-Saudi Industrial Deals, Oil Price Drop
- Turkey: Export Support Boost, Istanbul Floods, Cybersecurity Alert
- Ukraine: Ukraine GDP Falls, Power Outages Worsen
- United States: Democrats Win Midterms, Stock Futures Tumble
- Vietnam: Vietnam Cuts Petrol Prices, Public Investment Surges
- Yemen: Taiz Health Crisis; New Export Policies Discussed
- South Africa: Local Elections Impact Business, AGOA Concerns