AGP Executive Report
Last update: 7 hours agoFederal Budget: Ottawa’s Nov. 5 budget is aimed at reducing reliance on the U.S., boosting domestic investment and easing affordability pressures. Finance Minister François-Philippe Champagne has also pointed to support for businesses hit by tariffs and measures to address Canada’s weak productivity. Investment: Blackstone and Canadian pension investors are putting US$3.1 billion into LNG Canada, while Cohere has begun a funding round targeting up to $715.5 million to grow its Canadian AI business. Markets and Rates: The loonie climbed to a seven-week high after U.S. midterm results, and Canadian stocks rallied. The Bank of Canada’s recent rate hike to 2.5% has raised the stakes for borrowers and income investors, with further increases signalled as a possibility. Financial Rules: Ottawa has proposed a stablecoin framework and new rules for federal financial institutions investing in fintechs, as Canada’s digital-finance sector expands.
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