AGP Executive Report
Last update: an hour agoTrade and Industry: Doug Ford says Canada must prepare for U.S. tariffs to last, as manufacturers report higher costs and uncertainty. Ottawa is weighing its response to Stelco layoffs, while Joly warns the company could be forced to sell assets if it breaks job commitments. Jobs and Skills: Canada lost 68,000 jobs in September, lifting unemployment to 6.5%; Liberal MPs say skills gaps could also slow major projects and business growth. Business Moves: Fairfax was named buyer of a 60.72% stake in India’s IDBI Bank for about US$5.6 billion, a major Canadian investment abroad as Ottawa and New Delhi push to expand trade. Manufacturing: Tenaris has begun producing a specialized steel grade in Sault Ste. Marie for Canadian energy operators, while TC Transcontinental plans to close its Owen Sound print plant, affecting about 360 employees. Markets: The TSX fell nearly 400 points as hot U.S. inflation weighed on stocks.
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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