AGP Executive Report
Last update: 4 hours agoTrade & diplomacy: Prime Minister Mark Carney is set to visit Türkiye this month to meet President Recep Tayyip Erdoğan, with talks likely to cover accelerated free-trade negotiations plus energy and defence cooperation as Canada tries to cut reliance on the U.S. Payments infrastructure: Canada and the EU are drafting plans to link next-generation payment systems to speed cross-border transactions and reduce dependence on U.S.-dominated rails. Banking & markets: Scotiabank received approval to amend its normal course issuer bid, boosting its share repurchase capacity to 40 million shares (effective Oct. 6). Corporate legal risk: CAE agreed to settle a shareholder class action over alleged misleading statements tied to defence fixed-price contracts, with $38.25M to be paid. Housing finance: A 4.99% promotional reverse mortgage rate has been extended to Oct. 16. Real estate: BST Canada bought a 122-unit Toronto rental building, adding to its multifamily expansion. Energy & LNG: LNG Canada’s $23B Phase 2 expansion in Kitimat has cleared the next EPC step, with Fluor-JGC set to execute the work. Mining & critical minerals: Generation Mining has started early works for a $1.3B copper and palladium mine near Marathon, targeting construction jobs and production starting in 2028. Fraud watch: Police warned of scammers posing as cellphone service providers, urging Canadians not to share codes or log in under pressure.
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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