AGP Executive Report
Last update: 3 hours agoCanada–EU Ties: Carney is hosting EU leaders in Montreal to deepen trade, defence and energy cooperation, but member states dropped the proposed “associate member” label over legal concerns. The summit declaration instead promises an “ever closer association,” with details to follow. Quebec Premier Paul St-Pierre Plamondon is boycotting the talks after being denied a speaking role. Trade Diversification: Canada and the UAE signed a free-trade agreement negotiated in 47 days, alongside defence and energy agreements; the countries will also explore an extradition treaty. U.S. Trade Talks: Carney says Canada isn’t ready to finalize a deal with Washington, citing limited progress and a need for terms that serve Canadian interests. Interest Rates: The Bank of Canada raised its key rate to 2.5 per cent, its first hike in three years, and warned further increases may be needed to contain inflation.
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