The Canadian dollar held firm near 1.3780 against the greenback as elevated crude prices offset new US restrictions on Canadian vehicle and dairy exports.
The TSX Composite closed down 1.11% at a one-month low as materials, real estate and clean tech fell, gold slid and crude oil surged past $100.
Canada net-zero emissions decide when warming stops, a federal assessment finds, with drought, fire weather and flooding impacts already locked in.
Construction has started on Phase 1 of the North Coast Transmission Line, backed by $3.9B from Ottawa and B.C. to expand the Prince George–Terrace corridor.
Construction has started on the North Coast Transmission Line, a multi-phase B.C. grid project tied to 9,700 jobs and nearly $10 billion a year in GDP.
Think tanks say Canada megaprojects need regulatory certainty and 350,000 skilled trades workers to convert $1 trillion in pledged capital into construction.
The Bank of Canada policy rate stays at 2.25% for a seventh consecutive decision as new US tariffs, elevated oil prices and roughly 3% headline inflation complicate a recovery the Bank calls broadening but not settled.
