AGP Executive Report
Last update: 8 hours agoTariff Relief: Ottawa widened exemptions on U.S. imports used in sectors including mining and energy, extending broad relief through June 2028 while phasing out some aluminium exemptions. Canada-China Finance: The countries agreed to deepen financial-sector cooperation, including regulatory ties; China also plans to issue up to 4 billion yuan (C$846 million) in sovereign green bonds in Canada. Payments: Payments Canada launched its long-delayed Real-Time Rail, enabling faster, around-the-clock transfers. Sovereign Fund: Mark Carney tapped Bridgewater co-CIO Karen Karniol-Tambour to lead the new Canada Strong Fund. Investment Deals: RBC agreed to buy Australia’s Yarra Capital, while PSP Investments will pay $1.6 billion for half of Enercare. Jobs and Rates: Canada lost 4,700 jobs in October and unemployment reached 6.7%, prompting markets to scale back bets on a Bank of Canada rate hike. Compliance: The U.S. sanctioned eight Canadian money-services businesses over alleged links to Iranian financial networks.
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