Canada–U.S. Trade War: Prime Minister Mark Carney laughed off U.S. trade adviser Peter Navarro’s jibe that Canadian lobbyists should “get the hell out,” while Ottawa kept the door open to further retaliation over tariffs and import bans. Major Dealmaking: Simpson Thacher, Sidley, Fasken and Davies advised on a $2.3B sale of a Toronto grocery REIT to a New York JV. Energy & Infrastructure: LNG Canada cleared Phase 2 to double capacity to 28 million tonnes annually, a key Carney project tied to the “Building Canada Strong Act” push to speed major approvals. Banking & Rates: Capital Economics says a softer economy should limit Bank of Canada rate hikes, projecting a move to 2.75% next year but cautioning against further tightening. Financial Crime: FATF urged Canada to step up investigations and prosecutions of complex money laundering, citing difficulty securing convictions in professional cases. Capital Markets/Real Estate: VICI Properties signed a 20-year Canada-facing triple-net lease for two Alberta racetracks with Highfield Investment Group. Agribusiness: Canpotex will invest $500M in Neptune Bulk Terminals at Vancouver to boost potash exports. Tech & Payments: SuperSonic completed its transition to unify Petro Outlet POS, payments and cloud under one brand. Corporate Governance: Six Nations Elected Council’s finance committee pushed for more regular, clearer financial reporting after reviewing its first-quarter results.