newsletter

Good morning. Tomorrow brings the long-awaited first budget from Prime Minister Mark Carney, whose big campaign promises are colliding with political and economic realities that have left him conspicuously short on elbow room. More on that below, along with a look at the week ahead.

In the news

Currency: Ottawa is preparing to roll out draft stablecoin legislation as soon as December, as Canada seeks to catch up to U.S. moves that have pushed the fiat-backed digital asset into the mainstream.

Trade: The Trump administration is considering additional tariffs on Canadian imports , creating more uncertainty in a trade war that is wreaking havoc on Canada’s steel, aluminum, automobile and lumber sectors.

Telecoms: In business, unlike baseball, Rogers Communications Inc.

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