Budget 2026 to include update on immigration levels, sources say

This article is new today!

Source: Global News Politics
Date: 2026-11-03 16:36:22.0
Tags: [National, Immigration, Finance, Economy, Housing]

Budget 2026 will include the federal government's annual immigration levels update, marking the second consecutive year the update has been incorporated directly into the federal budget document. Finance Minister Francois-Philippe Champagne and Prime Minister Mark Carney have signaled a shift toward sustainable population growth, targeting a permanent resident baseline of 380,000 annually alongside two one-time programs granting permanent status to 140,000 temporary residents through 2026 and 2027. The broader policy aims to reduce the non-permanent resident population from its estimated 6.7 percent level down to 5 percent of Canada's total population. Despite statutory requirements under the Immigration and Refugees Protection Act to table the report by November 1, the update will be published late in conjunction with the budget release on Thursday.

If the Democrats win the U.S. midterms, what would change for Canada?

This article is new today!

Source: Global News Politics
Date: 2026-11-03 11:00:29.0
Tags: [National, Trade, Economy, Finance, Governance]

Following U.S. midterm elections where Democrats targeted President Donald Trump's tariff policies—specifically the Section 232 sectoral tariffs on steel, aluminum, and autos as well as sweeping Section 338 50% tariffs—political analysts note that U.S. executive powers under the Trade Expansion Act and the Trade Act of 1930 allow the administration to bypass Congress on trade actions. While a Democratic sweep of the House and Senate introduces the potential for presidential impeachment or legislative veto standoffs, trade experts emphasize that congressional control does not guarantee the removal of cross-border tariffs affecting Canada. Canadian trade negotiators face continued uncertainty as U.S. officials scrutinize bilateral relations and political dynamics unfold.

How a New Brunswick island is caught in the middle of the Canada-U.S. trade war

This article is new today!

Source: New Brunswick - Regional News
Date: 2026-11-03 10:00:05.0
Tags: [New Brunswick, National, Trade, Economy]

Campobello Island, New Brunswick, a community of roughly 900 residents cut off by road from the rest of Canada and reliant on Lubec, Maine, for basic necessities and fuel, has been severely impacted by Canada-U.S. trade tensions and tariffs. Residents initially faced a 25 per cent tariff on U.S. goods brought across the border until Ottawa implemented a special exemption for the island. The broader trade dispute, exacerbated by U.S. President Donald Trump's policies, has led to local operational disruptions, including a truckload of supplies being turned back by U.S. border officials and the closure of a local Campobello brewery.

24 hours in Antigua: Mark Carney's priorities at this year's Commonwealth Summit

This article is new today!

Source: CBC Politics
Date: 2026-11-03 09:00:00.0
Tags: [National, Trade, Economy, Climate, Defence, Governance]

Prime Minister Mark Carney is attending the 28th Commonwealth Heads of Government Meeting in St. John's, Antigua and Barbuda, alongside Foreign Minister Anita Anand to pursue alternative international trade, security, and diplomatic partnerships. Key priorities for the Canadian government at the summit include pushing to double intra-Commonwealth trade, engaging with Caribbean leaders through bilateral meetings and working breakfasts, and reviewing climate finance commitments, including Canada's prior allocation of $4.65 million to the Commonwealth's climate finance access hub and a $13-billion pledge for developing countries. The delegation is also addressing complex diplomatic tensions regarding historical reparations for transatlantic slavery involving King Charles III, as Canada seeks to diversify its economic and strategic relationships amid ongoing trade uncertainties with the United States.

Feds defend extradition treaty talks with UAE amid concerns

Source: Global News Politics
Date: 2026-11-02 21:34:30.0
Tags: [National, Trade, Justice, Public Safety, Defence, Economy]

The federal government is defending its decision to initiate negotiations on an extradition treaty and a mutual legal assistance treaty with the United Arab Emirates, alongside a newly signed free-trade agreement and potential investments up to $70 billion. Civil society organizations, including Inter Pares and Amnesty International Canada, have raised serious human rights concerns regarding the UAE's record of arbitrary detentions, unfair trials, and alleged geopolitical support for militia conflicts in Sudan. Department of Justice spokesperson Kwame Bonsu defended the treaties, stating they will enhance international cooperation in prosecuting serious cross-border crimes such as money laundering, drug trafficking, and cybercrime.

How U.S. border state midterm races are shaping up amid ‘insane tariffs’

Source: Global News Politics
Date: 2026-11-02 20:12:12.0
Tags: [National, Trade, Economy, Industry]

U.S. President Donald Trump's administration has implemented sweeping 50 per cent tariffs on Canadian goods, impacting cross-border supply chains and becoming a central issue in the U.S. Senate midterm elections across seven border states. In Michigan, Democratic candidate Abdul El-Sayed and Republican Mike Rogers have both addressed the economic fallout of the trade war on integrated auto and steel manufacturing with Ontario. Meanwhile, Maine incumbent Senator Susan Collins wrote to U.S. Commerce Secretary Howard Lutnick warning of higher costs and uncertainty for families and businesses, though she successfully lobbied to exempt road salt from the tariff list.

Small business tax troubles a target of federal budget: Champagne

Source: Global News Politics
Date: 2026-11-02 18:10:43.0
Tags: [National, Taxation, Finance, Economy, Industry]

Finance Minister Francois-Philippe Champagne announced that the upcoming federal budget, led by Prime Minister Mark Carney, will target the complexity of the federal tax code to assist Canada's small- and medium-sized businesses. The upcoming fiscal plan builds on the previously announced $36 billion, five-year productivity mega-deduction designed to let businesses immediately write off eligible capital investments in their first year. The Canadian Federation of Independent Business (CFIB) has advocated for broader policies, such as lowering the small business tax rate and addressing gaps in federal tariff relief regimes to assist smaller firms.

Budget 2026 is about ‘us,’ not the U.S. trade war, finance minister says

Source: Global News Politics
Date: 2026-11-02 15:44:30.0
Tags: [National, Economy, Finance, Trade, Defence, Governance]

Finance Minister François-Philippe Champagne announced that the federal government's upcoming 2026 budget will focus primarily on domestic economic growth, industrial investment, trade diversification, and increased defence spending rather than the ongoing trade negotiations with the United States under President Donald Trump. Prime Minister Mark Carney and U.S. President Donald Trump recently indicated that talks regarding a mutually beneficial trade deal and concepts of an agreement are progressing. The sophomore budget, set to be unveiled on Thursday, aims to strengthen Canadian sovereignty and address affordability concerns amidst broader geopolitical tensions.

Carney to meet with King Charles and Commonwealth heads of government

Source: Global News Politics
Date: 2026-11-02 13:27:53.0
Tags: [National, Trade, Economy, Climate, Governance]

Prime Minister Mark Carney is attending the Commonwealth heads of government meeting in Antigua and Barbuda to focus on international trade, investment diversification, and climate change resilience. Accompanied by Foreign Affairs Minister Anita Anand, Carney is engaging with leaders from 56 member countries representing 2.7 billion people to advance trade initiatives toward a $2 trillion target by 2030 and reduce trade barriers. The diplomatic meetings include discussions with King Charles III, regional Caribbean leaders such as Prime Minister Gaston Browne, and a review of multilateral cooperation to support Canada's economic pivot away from sole dependence on the United States.

Commonwealth secretary-general pitches group as 'alternative' to U.S. trade

Source: CBC Politics
Date: 2026-11-02 09:00:00.0
Tags: [National, Trade, Economy, Industry, Resources, Mining]

Prime Minister Mark Carney is attending the biennial Commonwealth Heads of Government Meeting in Antigua and Barbuda to promote closer economic cooperation and middle-power trade partnerships as an alternative to U.S. markets. Commonwealth Secretary-General Shirley Botchwey announced a goal to double intra-Commonwealth trade from $900 billion to $2 trillion. Canada currently conducts approximately $100 billion in annual trade with Commonwealth partners, which include 56 member states representing a market of 2.7 billion people.

Canada's next budget to be unveiled this week amid U.S. trade war, economic uncertainty

Source: CBC Politics
Date: 2026-11-02 09:00:00.0
Tags: [National, Economy, Taxation, Finance, Trade, Infrastructure, Defence, Housing, Culture]

Prime Minister Mark Carney's upcoming federal budget, set to be unveiled by Finance Minister François-Philippe Champagne under the title "Masters of Our Destiny" ("Maîtres Chez Nous"), will focus on affordability measures, business tax incentives, and strategic investments in infrastructure, defence, and culture. The fiscal plan addresses ongoing economic uncertainty and a U.S. trade war while factoring in a Parliamentary Budget Office projection that public debt charges will reach $83 billion by 2030-31. Stakeholders such as the Canadian Federation of Independent Business and the Council of Canadian Innovators are pressing for targeted tax relief, including reductions to small business corporate tax rates and technology sector capital gains incentives. Meanwhile, economists note that housing delivery under the Build Canada Homes initiative remains behind targets, with only about 2,000 of 19,000 committed affordable units currently under construction.

Ahead of budget, Poilievre urges Carney to end diesel taxes and cut spending

Source: Global News Politics
Date: 2026-11-01 17:57:03.0
Tags: [National, Taxation, Finance, Economy, Infrastructure, Transportation]

Ahead of the federal budget tabled by Finance Minister Francois-Philippe Champagne, Conservative Leader Pierre Poilievre urged Prime Minister Mark Carney to eliminate all taxes on diesel until Canada Day, suspend the GST on fuel, and scrap the Fuel Standard Tax. Poilievre also called on the government to curb spending by reducing bureaucracy, cutting wasteful foreign aid, and cancelling the ALTO high-speed rail project between Toronto and Quebec City. Citing Parliamentary Budget Officer projections of $733 billion in additional debt over five years and a $63.3-billion deficit for the 2026-27 fiscal year, Poilievre pressed the administration to maintain its debt anchors and lower deficits until the budget is balanced.

Carney has 'good conversation' with Trump on future of Canada-U.S. trade as midterms near

Source: CBC Politics
Date: 2026-11-01 16:47:05.0
Tags: [National, Trade, Economy]

Prime Minister Mark Carney announced that he held discussions with U.S. President Donald Trump regarding the future of Canada-U.S. trade and the outlines of a potential bilateral trade deal. Formal negotiations are set to resume, with automotive sectors expected to remain a primary sticking point between the two nations. While U.S. officials suggested progress was being made ahead of midterm elections, Canadian government sources indicated a comprehensive agreement was unlikely to be finalized prior to the vote.

‘Associate’ EU membership for Canada not a ‘short-term’ project: expert

Source: Global News Politics
Date: 2026-10-31 14:54:14.0
Tags: [National, Trade, Economy, Industry, Defence]

Prime Minister Mark Carney and European Commission President Ursula von der Leyen concluded a summit in Montreal outlining a timeline to negotiate a new "Canada-EU Alliance for the Future" by the 2027 EU-Canada Summit. Ottawa and Brussels are working toward establishing Canada as the European Union's first "associate member," pursuing deeper economic, industrial, supply chain, and defense integration. The joint statement includes plans to create a new Canada-EU business council, study how to increase liquefied natural gas (LNG) exports to Europe, and develop a transatlantic data cable. While top EU officials aim to conclude negotiations during European Council meetings in June 2027 following upcoming European elections, the initiative faces political friction from member states such as Germany and requires ultimate approval from all 27 EU member states as well as the House of Commons.

Canada is in the U.S. midterm spotlight. Will the results be a blessing or a curse?

Source: CBC Politics
Date: 2026-10-31 08:00:00.0
Tags: [National, Trade, Economy, Governance]

Canada-U.S. trade relations and tariffs imposed by U.S. President Donald Trump have emerged as a central ballot-box issue in pivotal U.S. midterm congressional races across battleground states including Michigan, Maine, Ohio, Iowa, Alaska, and Nevada. Prime Minister Mark Carney stated that Canada remains unconcerned with the timing of a potential bilateral trade deal, noting that Canada is willing to wait for another administration if necessary. Meanwhile, political analysts and former officials, such as John Bolton and Scotty Greenwood, warn that the midterm outcomes and ongoing tariff disputes could carry long-term political and economic consequences for cross-border relations.

Canada finding 'solutions' on EU carbon tariff threat: Carney

Source: CBC Politics
Date: 2026-10-30 21:41:25.0
Tags: [National, Trade, Economy, Environment, Climate, Industry]

Prime Minister Mark Carney announced progress at the Canada-EU summit in Montreal regarding the European Union's pending carbon border adjustment mechanism (CBAM), which threatens an estimated $2.8 billion in annual Canadian energy-intensive exports like iron ore, steel, aluminum, and cement. Canada's ambassador-designate to the EU, Jonathan Wilkinson, confirmed that diplomatic negotiations are advancing toward having the European Union officially recognize Canada's national and industrial carbon pricing systems. Full implementation of the EU tariff is scheduled for 2034, with compliance reporting requirements slated to take effect by September or October 2027.

Canada, EU lay out vision for closer ties in ‘dangerous and divided’ world

Source: Global News Politics
Date: 2026-10-30 17:50:16.0
Tags: [National, Trade, Economy, Governance, Defence, Education]

Prime Minister Mark Carney and European Commission President Ursula von der Leyen signed a strategic alliance agreement in Montreal to establish Canada as the European Union's first associate member amid rising international trade tensions. The agreement establishes collaborative frameworks for digital money transfers, labour and research mobility including potential participation in the Erasmus+ education program, critical raw minerals development, outer space cooperation, and joint security support including the Ukraine Support Loan. The pact also sets out cooperative efforts regarding artificial intelligence, climate change solutions, and cross-border instant payment systems.

C-31 (45-1) - Budget 2025 Implementation Act, No. 2

Source: Parliament of Canada (LEGISinfo)
Date: 2026-10-30 12:26:14.0
Tags: [National, Finance, Taxation, Economy, Governance]

Bill C-31 (45th Parliament, 1st Session), titled the Budget 2025 Implementation Act, No. 2 and sponsored by Minister of Finance and National Revenue, has advanced to the report stage in the House of Commons following committee review by the Standing Committee on Finance, which presented its report with amendments on October 30, 2026. The legislation implements provisions stemming from the federal budget tabled on November 4, 2025, and the 2026 Spring Economic Update titled 'Canada Strong For All'. The Senate has concurrently authorized pre-study of the bill's subject matter across multiple standing committees, including the Standing Senate Committee on National Finance and specialized sectoral committees assigned to specific divisions of Part 4 of the bill.

Carney points to EU's strong belief in democracy as political winds shift for 2 largest members

Source: CBC Politics
Date: 2026-10-30 08:00:00.0
Tags: [National, Trade, Economy, Governance, Defence]

Prime Minister Mark Carney hosted European Union leaders, including European Commission President Ursula von der Leyen, during the 21st Canada-EU summit in Montreal to advance negotiations on making Canada the bloc's first associate member. The bilateral talks aim to forge a strategic "alliance for the future" to counter protectionist U.S. trade pressures under President Donald Trump and address volatile political shifts in key European nations such as France and Germany. A forthcoming joint statement from the two-day summit outlines mutual commitments to reinforce predictable trade environments, collaborate on critical mineral supply chains, counter cyberattacks, maintain support for Ukraine, and initiate negotiations for deeper Canadian participation in the Erasmus student exchange program.

Staring down a $40M tariff bill, this American importer is suing Trump to end some tariffs on Canada

Source: CBC Politics
Date: 2026-10-30 08:00:00.0
Tags: [National, Trade, Economy, Agriculture, Industry]

The U.S. food distributor Gellert Global Group is suing the Trump administration in the U.S. Court of International Trade to overturn a 50 per cent tariff bill estimated at $40 million US on Canadian dairy and food imports. Filed by the Liberty Justice Center, the lawsuit challenges the administration's reliance on Section 338 of the U.S. Tariff Act (Smoot-Hawley Act), arguing the executive branch lacks the statutory authority to impose sweeping punitive tariffs under the guise of foreign trade discrimination. The disputed trade actions affect approximately $80 million US in annual Canadian cheese imports, including products from Mariposa Dairy in Lindsay, Ontario, while domestic dairy processors face supply shortages and potential permanent loss of commercial shelf space.