5 result(s) for “Global Markets”
Industry Minister Mélanie Joly warned that Ottawa could force the sale of Stelco’s Canadian operations if planned layoffs are not rescinded, raising the prospect of a legal and political showdown over foreign ownership and job commitments.
Foreign Minister Anita Anand told reporters in New Delhi on October 14, 2026 that Ottawa is racing to finalise a Comprehensive Economic Partnership Agreement with India before the end of the year, part of a broader strategy to lessen Canada’s reliance on the United States and deepen ties with non US partners.
Ottawa’s decision to list the proposed Pacific Link pipeline as Canada’s first Project of National Interest has heightened immediate business calculations and political tensions, with industry, provincial leaders and Indigenous groups all recalibrating plans for jobs, investment and consultation.
With the federal government fast tracking the Pacific Link pipeline, Canadian oil producers and contractors are preparing for major capital bills to expand output and transport capacity. Analysts warn the move will push spending into the tens of billions and reshape regional labour markets and provincial finances.
The Bank of Japan has raised its policy rate to 1.25%, its highest level in 31 years, as inflation risks increase. Yet the yen weakened after the decision, highlighting uncertainty over how quickly Japan will continue tightening monetary policy.