AGP Executive Report
Last update: 5 hours agoFederal Budget: Mark Carney’s government is pitching a $142-billion package of spending and tax measures to spur investment, strengthen Canada’s economic independence and ease affordability pressures. It forecasts a $62.3-billion deficit for 2026–27 and pledges billions for homelessness, infrastructure and the electricity grid. Immigration: The new plan sets annual targets of 380,000 permanent residents from 2027 to 2029, alongside a one-time pathway for up to 200,000 temporary residents already in Canada to gain permanent status by the end of 2027. Jobs and Trade: Statistics Canada is due to report October employment after the economy shed 68,000 jobs in September. Canadian and Chinese officials will hold economic and financial talks in Canada on Nov. 9, as Ottawa seeks to diversify trade amid U.S. tariff tensions. Business: Laurentian Bank’s 55 Quebec branches close today as customer accounts move to National Bank; Sherritt International says nearly half its Canadian workforce—280 employees—will be laid off. Defence: The budget proposes at least $2.3 billion over five years for military drones and counter-drone systems, with Canada planning to send Ukraine a third of domestically produced combat drones.
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