AGP Executive Report
Last update: 12 hours agoCanada–EU Alliance: Mark Carney says Canada has learned it is too dependent on the U.S. Ottawa and Brussels launched an “Alliance for the Future,” covering trade, technology, energy and security, and aim to define a closer partnership by June 2027. The summit’s final statement avoids the disputed “associate member” label. Canada will also contribute €500 million to the EU’s Ukraine loan. Economy and Costs: Canada’s economy was flat in August for a second month, while the Bank of Canada raised its rate by a quarter point to 2.5%—its first increase in three years. The Canadian Dairy Commission says farmgate milk prices will rise 2.8% from February, adding just under three cents per litre. Technology and Security: Ottawa plans to invest up to $1.6 billion in AI company Cohere as part of a push for sovereign technology. Canada’s new national security strategy also highlights growing threats, while the auditor general warns of critical gaps in military ammunition stocks.
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