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The country on Thursday released a national artificial intelligence strategy that focuses on building its sovereign capability and protecting consumers.
The Canadian Tech Growth Fund will offer flexible capital and investment support, while also providing a platform for Ottawa to at times take equity stakes in the most promising AI firms.
Activity in Canada's services industry picked up slightly last month despite a fall in new business and ongoing economic uncertainty.
Canadian Prime Minister Mark Carney has called a looming poll on whether Alberta should become independent "a dangerous bluff." Carney, who was head of the Bank of England when the U.K. voted to leave the EU, likened Alberta's separatist movement to Brexit.
The U.S. decision to suspend planned biannual defense talks with Canada follows deepening concern that Ottawa is failing to take steps to become a "credible" security partner, including by hiking military spending and completing a review of an F-35 fighter jet acquisition, a Pentagon official said on Thursday.
Canada is allowing 49,000 Chinese-made electric vehicles to be imported for retail sales annually at a tariff rate of 6.1%. That's opening the market for auto dealers in the country to sell Chinese EVs.
Manufacturing shipments increased 3% from the month before to a seasonally adjusted C$73.57 billion, the highest level since the start of 2025.
Market participants appear undaunted by the risk of accelerated inflation from the Middle East conflict, and remain convinced the Bank of Canada won't budge on interest rates until next year, according to a survey.
A recovery in the number of Canadians hunting for work helped drive the country's unemployment rate to its highest level in six months in April.
Canada's first-ever Investment Summit is scheduled for mid-September. The aim is to attract global capital for “nation-building” projects across energy, infrastructure, and critical minerals, demonstrating Ottawa's efforts to expand the country's role as a global energy supplier.
Canada's economy rebounded in the first quarter despite signs activity tailed off in March even with a spike in energy prices as the conflict in the Middle East escalated.
The central bank will likely will keep its main interest rate unchanged Wednesday, but there is growing doubt that officials can hold rates steady the longer energy prices remain elevated.
Canada and Alberta are expected to strike a deal in the next two weeks that will increase the price on carbon for the province's industrial emitters, two sources with knowledge of the talks said, but a broader agreement to tackle oil sands greenhouse gases and green-light a new crude oil export pipeline remains elusive.
The combined deficit of Russian regional budgets will grow by 27% to 1.9 trillion roubles ($25.4 billion) in 2026, largely due to lower revenues from the corporate profit tax and higher social spending, while the regional debt is rising, Finance Minister Anton Siluanov warned on Monday.
CNBC's Dan Murphy delves into the Middle East's investment flows and provide insights on the global energy hub and the vast amounts of capital originating from the region on Access Middle East (12:00 – 13:00 SIN/HK). Please note this livestream is only available in Europe and India.
On April 16, policymakers, market experts, industry leaders, and Russian government officials gathered in Moscow for the Moscow Exchange Forum. During the event, the panelists highlighted “evolving priorities shaping Russia's financial sector,” including Russia's capital markets, stock markets, market growth, and investors.
