AGP Executive Report
Last update: 8 hours agoSanctions Scrutiny: The U.S. has sanctioned eight Canadian money-services businesses over alleged transactions linked to Iran, including currency exchanges and digital-asset transfers. The move puts cross-border financial compliance in the spotlight. Budget Bets: Ottawa’s 2026 budget aims to attract private investment with tax incentives and more than $50 billion for electricity-grid expansion, while leaving projected deficits broadly unchanged. Jobs and Rates: Canada lost 4,700 jobs in October as unemployment rose to 6.7%, weakening the case for a Bank of Canada rate hike in December. The loonie also logged its worst week since September, pressured by the jobs data. Banking Competition: Ottawa is proposing Bank Act changes to widen competition, as consumers and financial firms watch for details on how the rules could reshape the market.
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