Canadian Prime Minister Mark Carney announced the dissolution of parliament on Sunday and new elections on April 28.
“I have just asked the Governor General to dissolve parliament and call a federal election on April 28,” he wrote on social media site X.
“We must build the strongest economy in the G7. We must deal with President Trump’s tariffs. Canadians deserve a choice about who should lead these efforts for our country,” the prime minister emphasized.
Earlier, Experts Club and Maksim Urakin released a video analysis on the most important elections in the world in 2025 – https://youtu.be/u1NMbFCCRx0?si=AOtHGDT1kGNdZd2g
The Canadian Food Inspection Agency (CFIA) has approved a program to import fresh apples from Ukraine, the press service of the State Service of Ukraine for Food Safety and Consumer Protection reported.
“In the face of full-scale Russian aggression, we pay special attention to supporting Ukraine’s economy and Ukrainian exporters. A strong economy and resilient businesses play a critical role in the overall defense capability of our country. That is why we, together with the State Service of Ukraine for Food Safety and Consumer Protection, continue to create new opportunities for Ukrainian producers, liberalize trade, and open doors to new foreign markets,” said Andriy Sybiga, Minister of Foreign Affairs of Ukraine.
“The demand for Ukrainian products is growing every year in the international trade arena. Today, Canada is opening its market for our apples. The State Service of Ukraine for Food Safety and Consumer Protection, together with the Ministry of Foreign Affairs, processes every request from businesses to open new markets. Not only some countries are considered, but the entire world map: America, the European Union, Africa, and East Asia,” emphasized Serhiy Tkachuk, Head of the State Service of Ukraine on Food Safety and Consumer Protection.
Canada has already updated its import requirements for Ukraine in its Automated Import Reference System (AIRS) and approved the Export Program for Ukrainian apples (Malus domestica).
According to the agreement, apples can be supplied to Canada by producers who grow them, have packaging and export campaigns, and are included in the List of Exporters, Producers and Packers of Ukrainian Apples to Canada.
Their orchards are monitored by the State Service of Ukraine on Food Safety and Consumer Protection to predict the spread of pests and provide recommendations for pest control. Pest control measures should ensure that registered operators maintain a low prevalence of pests or the absence of pests regulated in Canada. Businesses must use sorting equipment to remove ticks, insects, other pests and dirt, etc.
Each shipment requires a phytosanitary certificate from the State Service of Ukraine on Food Safety and Consumer Protection.
Canada will impose a 25% duty on $155 billion worth of imports from the United States in response to the US tariffs announced by US President Donald Trump, Prime Minister Justin Trudeau said.
“In response to the US trade actions, Canada will impose a 25% duty on $155 billion worth of goods,” the prime minister said in a video message.
He explained that starting Tuesday of next week, the duties will affect $30 billion worth of goods, then $125 billion worth of goods within three weeks so that Canadian companies have time to find alternative partners.
The government and the leadership of the provinces and territories are also considering the possibility of imposing non-tariff restrictions on the United States regarding critical minerals, energy and other goods, Trudeau said.
US President Donald Trump has signed a decree imposing duties on goods from Canada, China and Mexico. The rates for products from Canada and Mexico will be up to 25%, and for Chinese goods – 10%.
Trump explained this decision by the need to combat illegal migration and drug smuggling.
Previously, the US, Canada, and Mexico had a free trade agreement, the USMCA, signed by Trump in his first term in office. The new duties could have a negative impact on the economies of Canada and Mexico, which could lose up to 2% of GDP. For the United States, the consequences will be less severe, with a 0.3% decline in GDP projected.
Canada and Mexico have already expressed disappointment with Washington’s decision. Ontario Premier Doug Ford said that Canada would be forced to respond with tough measures. Mexico, which is the largest trading partner of the United States, may also suffer significant losses, as more than 80% of its exports go to the United States.
The new duties will also affect German automotive companies such as Volkswagen, Audi, BMW, and Mercedes-Benz, which use Mexico as a production base for supplies to the US market. Experts fear that Chinese manufacturers, faced with barriers in the US, will increase pressure on European markets, which could lead to price wars.
The United Steelworkers trade union called on the White House to reconsider the decision, emphasizing that the duties harm both Canada and the United States. At the same time, Canada is considering diversifying its trade ties to reduce its dependence on the United States.
Source: https://amp.dw.com/ru/prezident-ssa-vvel-posliny-na-tovary-iz-kanady-kitaa-i-meksiki/a-71484154
The United Kingdom has fallen to seventh place in the world in terms of the total capitalization of companies traded in the country, passing the Canadian market, Bloomberg writes.
Since the beginning of the year, the market value of companies traded in Canada has increased by 11% to $3.22 trillion.
The British stock market, which was once among the world’s leaders, is also inferior to the United States, China, Japan, Hong Kong, and India. Last year, it also passed France, but due to the difficult political situation in the neighboring country, the UK regained its status as Europe’s largest equity market earlier this year.
Over the past decade, Canadian companies have increased their capitalization by about $1 trillion, while British companies have lost about the same amount.
Brian Madden, head of First Avenue Investment Counsel, attributes this mixed performance to the UK’s decision to leave the European Union. In addition, the tech sector has an extremely small share in the main British stock index, the FTSE 100, at only 1% compared to 8.4% in Canada. In the US stock index S&P 500, high-tech companies have a share of about 30%.
Bloomberg notes that since 2022, there has not been a single IPO in Canada. However, during the same period, the Toronto Stock Exchange lured 51 companies from competing trading platforms.
Meanwhile, London still ranks second in the ranking of the world’s largest financial centers, second only to New York. Toronto ranks 23rd on the list. In addition, 11% of all global assets are managed from the UK.
France and Canada have agreed to strengthen cooperation in the field of military materiel for Ukraine and in the field of training within the framework of the Defense Contact Group (Ramstein), in particular, they will continue to deepen strategic cooperation in the field of cyber defense in support of Ukraine, according to a declaration agreed upon during a meeting in Ottawa on September 26 by Canadian Prime Minister Justin Trudeau and French President Emmanuel Macron.
“We are committed to working with Ukraine and our partners to enable Ukraine to defend its sovereignty, independence and territorial integrity in the face of Russian aggression, both in traditional domains and in cyberspace, including by supporting the strengthening of Ukraine’s civilian cybersecurity capacity through the Tallinn Mechanism. More broadly, we will continue to discuss topics of mutual interest that were discussed during the Paris Conference on February 26, 2024,” the document, published on the Canadian government’s website, reads.
The declaration states that Canada and France have already trained tens of thousands of Ukrainian soldiers as part of Operation UNIFIER for Canada and the EU Military Assistance Mission in Support of Ukraine (EUMAM Ukraine) for France. The armed forces of the two countries also continued to cooperate in training Ukrainian fighter pilots.
