Canada

The Canadian federal government is gearing up to unveil targeted support packages for the aluminum, steel, and canola sectors, which have been hit hard by international tariffs. Meanwhile, July’s trade data shows a narrowing deficit thanks to rising U.S. exports—chiefly crude oil and vehicles. These measures aim to strengthen Canada’s economic resilience and competitiveness during ongoing trade turbulence.

Canada’s upcoming federal budget, delayed due to the 2025 election, is set for October and aims to strike a careful balance between fiscal restraint and strategic investments. Prime Minister Mark Carney emphasizes the urgent need to rein in soaring government spending while channeling resources into major projects. Meanwhile, private-equity developments—like individual investors stepping up in Fairstone Bank’s recapitalization—highlight a shift toward new investment dynamics in the Canadian economy.