🏞️ 1. Ontario Declares State of Emergency Over Expanding Wildfires
The Government of Ontario has declared a state of emergency as wildfires continue to rage across the province’s northwest. Evacuation orders are in place for multiple First Nations communities, and firefighting reinforcements have been deployed from other provinces. The extreme heat and wind are expected to worsen conditions in the coming days.
🔗 Read more from CBC News
💰 2. Canada Pension Plan Investment Board Reports 9.3% Return
The Canada Pension Plan Investment Board (CPPIB) announced a net return of 9.3% for the fiscal year ending March 31, 2025. The fund now manages over $652 billion in assets. The strong showing is attributed to tech and infrastructure investments despite global volatility.
🔗 Read more from BusinessWire
🌐 3. Canada Leads G7 Finance Talks in Banff
At the G7 Finance Ministers’ Summit in Banff, Canada is pushing a coordinated approach to economic stability, AI regulation, and global tax reform. The summit has seen sharp debates over tariffs and China’s influence on manufacturing.
🔗 Read more from Reuters
🧥 4. Canada Goose Withholds Annual Forecast Amid Tariff Uncertainty
Luxury outerwear brand Canada Goose reported strong earnings but declined to issue a fiscal 2026 forecast, citing trade tension with the U.S. The company emphasized growth in Asian markets and resilience in e-commerce.
🔗 Read more from Reuters
🛡️ 5. South Korea Proposes $18 Billion Defense Deal to Canada
South Korean defense firms have proposed a landmark deal to sell Canada submarines, surveillance systems, and cyber-defense tech valued at over $24 billion CAD. The offer is seen as a counterbalance to U.S. influence and a strategic pitch amid rising Pacific tensions.
🔗 Read more from Forecast International
