Global Scans · Canada · Weekly Summary

WHAT'S NEXT?: The U.S. and Canada's new governments will have their work cut out dealing with potential changes to their trade agreements while simultaneously Canada will be anxious to implement CETA with the EU.

• [New] Canada announced a multi-billion-dollar plan to build new military bases in the Arctic following threats from President Donald Trump to make it America's 51st state, and his desire to take control of Greenland. Yahoo News
• [New] Projects of national interest and transactions that strengthen Canada's relationship with reliable trading partners or bring down costs for Canadians will be approved. JD Supra
• [New] Taken together, 85 organizations will spend C$ 31 billion less in 2026-27 than in the current fiscal year. / Canada VisaHQ
• [New] The Canada Border Services Agency will see C$ 4.3 billion trimmed - 41% of its voted appropriations-forcing the agency to mothball low-traffic land crossings, reduce secondary inspections at airports and further postpone its long-planned traveler analytics platform. / Canada VisaHQ
• [New] Immigration, Refugees and Citizenship Canada faces a year-over-year reduction of roughly C$ 1.6 billion, a 26% cut that officials say will be achieved by pausing hiring, accelerating digital self-service projects and capping overtime. VisaHQ
• [New] If Canada can finally get serious about establishing a coherent strategy, grounded in access, sustainment, and strategic partnership, it will deliver real success for Canadian Arctic security. CDA Institute
• [New] New energy infrastructure does not yield just a marginal gain for Canada's economy-it's a structural shift that will pay ongoing export dividends. Indigenous Lands & Resources Today
• [New] Between 2027 and 2035, the average annual lift to Canada's real GDP is estimated at $31.4 billion. Indigenous Lands & Resources Today
• [New] We expect Canadian mechanical engineering production to contract by 7.9% in 2026 after a 3.9% slump last year. atradius
• [New] Tillbridge will be built by the international solar company Canadian Solar, which has a Chinese solar manufacturing subsidiary, and a UK renewable company, Tribus Clean Energy. The Guardian
• [New] Companies outside Canada may be considered as partners, provided they can demonstrate that there will be clear and direct benefits to the Canadian economy as a result of their participation. Research at UCalgary
• [New] Global Affairs Canada, in its departmental plan, notes that its spending profile will decline from a peak of $8.5 billion in 2023-2024 to $6.6 billion by 2028-2029. Global News
• [New] We expect Canada's Competition Bureau to remain vigilant in 2026 in reviewing transactions and business arrangements that may harm Canada's competitiveness. JD Supra
• [New] By developing the technologies required to design, manufacture, deploy and operate NTN, Carleton's research will position Canada to play a leading role in next-generation communications systems. Carleton News
• [New] S&P Global Ratings anticipates sub-trend growth for Canada, citing moderate domestic consumption, constrained business investment, and global trade headwinds. Learning
• [New] The Bank of Canada will look through near-term volatility in energy prices and hold rates steady. / Canada BNN Bloomberg
• [New] The spike in gas prices, triggered by the ongoing war in Iran, threatens to reverse recent progress in Canada's inflation rate. BNN Bloomberg
• [New] China's tariffs on Canadian canola, European restrictions on certain agricultural chemicals, and upcoming decisions on US renewable fuel policy are all expected to influence price direction for Australian producers. Mirage News
• [New] Canada is not on track to meet any of its climate targets, including its 2030 Paris Agreement commitment. Yahoo Finance Canada
• [New] Canada will invest 3.5% of GDP for core military capabilities and an additional 1.5% of GDP in critical defence and security-related expenditure by 2035. FliegerFaust
• [New] The new special operating agency will streamline high-priority procurements, cut red tape, and strengthen Canada's defence industrial base. FliegerFaust
• The NIA report cites research from The Alzheimer Society of Canada that estimates 772,000 Canadians currently live with dementia, a figure that's projected to grow to 1.7 million by 2050. Toronto Metropolitan University (TMU)
• Budget 2025 proposed legislation and ongoing funding of $216.6 million per year starting in 2029-30 for Employment and Social Development Canada, Indigenous Services Canada, and Crown-Indigenous Relations and Northern Affairs Canada to make the National School Food Program permanent. JD Supra

Last updated: 25 March 2026