🇨🇦 1. TSX Futures Rebound as Focus Shifts to G7 and U.S. Fed
TSX futures rose 0.4% this morning, recovering from last Friday’s dip tied to Middle East tensions. Market optimism returns as investors pivot to the upcoming G7 summit in Canada and awaiting the U.S. Federal Reserve’s rate decision. Canadian equities were buoyed by commodities and tech gains, while oil eased and gold softened tradingview.com
🔥 2. G7 Summit Tackles Canada’s Wildfire Crisis
At the G7 summit in Kananaskis, PM Mark Carney is championing a G7 Wildfire Charter to improve equipment sharing and coordination among nations. With over 225 active wildfires—120 out of control—wildfire smoke risks clouding summit proceedings and local air quality en.wikipedia.org
🌍 3. G7 Leaders Meet Amid Ukraine, Middle East Tensions
The global environment is strained as leaders from the U.S., China, EU, and others assemble. Key issues: escalating Ukraine and Middle East conflicts, oil price volatility, and Trump-era tariffs harming international trade. Canada advocates for a chair’s statement rather than a full communiqué to maintain unity en.wikipedia.org
🤝 4. Canada and U.K. Launch Trade & Defense Working Group
Ahead of the G7, Canada and the U.K. unveiled a new Economic & Trade Working Group, focusing on critical minerals, digital trade, AI infrastructure, and defense collaboration. A report is expected within six months, with progress tied to the CPTPP ratification reuters.com
⚙️ 5. MEG Energy Resists $6 B Hostile Takeover Bid
Calgary-based MEG Energy is urging shareholders to reject Strathcona Resources’ C$6 billion hostile takeover offer, calling it inadequate. MEG’s board is pursuing a strategic review to explore better alternatives bnnbloomberg.ca.
