Wednesday, October 28

U.S. President Donald Trump has stated that he expects the ongoing trade war with Canada to conclude 'pretty soon.' He indicated that Canada is prepared to meet U.S. demands, potentially leading to an agreement. This development comes as discussions intensify on trade relations ahead of the midterm elections in the United States.

The Quebec government, led by Premier Paul St-Pierre Plamondon, has accused the federal government of 'muzzling' them by refusing to allow him to speak at the upcoming Canada-EU summit in Montreal. The summit is scheduled to take place on October 29 and 30. This has led to discussions regarding respect and representation at the event.

The British government has declined to join the Defence, Security and Resilience Bank, an initiative led by Canada. Despite this decision, the U.K. has committed to working closely with Canada to address NATO spending targets. The talks were reportedly halted over disagreements on key issues.

On Monday, voters in Ontario will participate in municipal elections to choose local leaders. Polling stations will operate from 10 a.m. to 8 p.m., and residents can access information about their polling locations online. Key mayoral races are underway in major cities, including Toronto, Mississauga, and Ottawa.

Observers anticipate that the Bank of Canada may increase its key interest rate in the upcoming week. This decision is partly in response to rising energy prices and their potential impact on the economy. Economists suggest a possible quarter-point increase by January 2024.

Caisse de dépôt du Québec is partnering with BCE, the parent company of Bell Canada, to create a new infrastructure company focused on cell towers. The investment amounts to $2.45 billion, following a similar agreement made with Telus a year earlier. This collaboration is part of Caisse's broader strategy, which has seen it invest nearly $9 billion in telecommunications infrastructure.