That's no longer the case. President Donald Trump has stopped treating Canada as a special friend and has started to make Canadians feel unwelcome. Border crossings are no longer routine and Canada has shared a dire warning for its citizens who plan to visit the U.S.

Former Bank of Canada governor Stephen Poloz warned markets should not be assuming further rate cuts by the central bank, which will remain primarily focused on the inflation risk caused by tariffs over a weakening economy.

Canadian Prime Minister Mark Carney said on Sunday the federal government will present a budget in the autumn, days after the finance minister had said the new Liberal government will have an economic update later in the year.

But the defense budget Carney inherited for this year is projected to represent only 1.37% of GDP, ranking Canada as the fifth-lowest spender as a share of GDP among the 32 members of NATO. The country’s defense industry also complains about a tediously slow acquisition process ( AW&ST April 22-May 5, 2024 ).

Intergovernmental relations in Canadian federalism are notoriously weak and lack the legitimacy and transparency to bring about effective collective action. Here what needs to change.

A $12 billion a year domestic market for minerals and metals key to the country’s energy transition could be lost unless the federal government attract the massive investments needed to propel development of copper,

The additional funding hike raises the amount that Canada reports to NATO as spending on national security to C$62.7 billion in fiscal 2025. That represents a 17.4% increase over the planned spending level this year in Ottawa and a 63.7% jump compared to last year’s outlays on defense, government officials said.

Use precise geolocation data. Actively scan device characteristics for identification. Store and/or access information on a device. Personalised advertising and content, advertising and content measurement, audience research and services development. List of Partners (vendors)