🔐 1. Canada and EU Forge New Security & Defence Pact
At a summit in Brussels, Prime Minister Carney and EU leaders signed Canada’s first-ever security and defence partnership with the EU, covering crisis management, cyber, maritime, space security, arms control, and continued support for Ukraine. Canadian firms will also gain access to the EU’s €150 billion SAFE procurement program. Talks on a common digital agreement—spanning e‑signatures, consumer protections, and AI trust standards—also kicked off reuters.com+1ft.com+1.
📉 2. WTO Forms Panel to Review Canada’s Tariffs on China
The World Trade Organization has agreed to set up a dispute panel at China’s request to investigate Canada’s additional import duties on certain Chinese goods—adding another layer of scrutiny amid rising trade tensions between the two countries reuters.com.
📈 3. TSX Futures Tick Up Despite Middle East Worries
Canada’s S&P/TSX futures saw a modest 0.2% gain even as U.S. strikes on Iran raised geopolitical concerns. Oil prices rose amid fears over the Strait of Hormuz, while gold softened on a stronger U.S. dollar. PM Carney confirmed ongoing dialogue with President Trump about de-escalation, NATO, and trade reuters.com+1en.wikipedia.org+1.
🚧 4. Ottawa Introduces “Strong Borders Act”
Canada’s government unveiled the Strong Borders Act, giving authorities expanded powers to tighten immigration controls, combat organized crime, combat fentanyl flows, address money laundering, and rein in improper asylum claims—mirroring a Trump-era approach canada.ca+1economictimes.indiatimes.com+1.
🌊 5. LNG Canada Ships Its First Cargo
LNG Canada, operating in Kitimat, B.C., has produced its first batch of LNG, with exports expected to begin by late June. This marks North America’s first Pacific-facing LNG export terminal, initially operating at half capacity (5.6 mtpa) with future expansion plans underway reuters.com.
