AGP Executive Report
Last update: 4 hours agoJobs & Recession Debate: Canada added about 88,000 jobs in May and cut unemployment to 6.6%, but the C.D. Howe Institute says it’s too early to call a recession despite two quarters of GDP contraction. Monetary Policy Watch: A Reuters poll suggests the Bank of Canada is likely to hold its policy rate through 2026 as core inflation risks from energy look manageable. USMCA Uncertainty: The U.S., Mexico and Canada are set to miss a July 1 USMCA renewal deadline, raising the odds of months of trade haggling and tariff uncertainty. AI Push: Ottawa launched “AI for All,” targeting $200B in economic gains, 250,000 AI jobs, and faster work-permit processing for AI professionals. Telecom & Infrastructure: A new analysis argues Canada’s telecom remains overly private versus peers, while Spartan Controls opened a Kitimat facility to support growing industrial and energy demand. Energy & Resources: A Canadian miner is betting on rare-earth refining in Brazil to reduce China dependence, and a lobster exporter warns of collapsing margins amid weak global demand.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.
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