Canada’s Air Transat pilots reach tentative deal to avert strike

Canada’s ambassador to the United States is set to step down, prompting Prime Minister Mark Carney to consider potential replacements. This transition comes at a time when Canada is reassessing its diplomatic and trade strategies with the U.S.

Investors are increasingly betting on a rise in interest rates by the European Central Bank (ECB), which poses a potential threat to the dollar's strength. This shift is driven by expectations of higher borrowing costs in the Eurozone, Australia, and Canada, suggesting that the Federal Reserve may remain an outlier in its monetary policy decisions through 2026.

Canada’s stock exchanges are experiencing a significant decline, with the number of publicly traded companies decreasing for the fourth consecutive year, despite the S&P/TSX Composite index outperforming the S&P 500. This trend raises concerns about the vitality of the Canadian market as it struggles to attract new initial public offerings (IPOs).

Canada's real estate market is undergoing a significant reset, with prices dropping 17% from their peak and development activity in major cities like Toronto and Vancouver declining to levels not seen since the mid-2000s. This downturn highlights the challenges facing the sector as it adjusts to changing economic conditions.

Prime Minister Mark Carney is considering lifting a 53-year-old tanker ban to facilitate a new oil pipeline project from Alberta to British Columbia, which has raised significant concerns among First Nations communities about potential environmental risks and the possibility of a catastrophic spill.