Beaver & Eagle

QSA's Week in Beaver & Eagle (#8, 2025)

Minister MacAulay strengthens US ties; Transport Minister Anand discusses tariffs; Labour Market Ministers prepare for US tariffs; Financial crime collaboration highlights cross-border efforts; Update on Canadian balance of payments.

Start Date: 2025-02-22
End Date: 2025-02-28

Top Headlines

Main Stories

Minister MacAulay's Washington Visit Highlights Agricultural Trade

Minister Lawrence MacAulay's recent trip to Washington, D.C. focused on strengthening the agricultural trading relationship between Canada and the U.S. With $101 billion CAD in agri-food trade in 2024, MacAulay met with key American officials to discuss reducing trade barriers. He emphasized the significant impact of $200 million worth of goods crossing the border daily and warned of potential negative effects from tariffs on both countries.

Sources: Announcements: www.canada.ca

Transport Minister Anand Discusses Tariff Impacts in Washington

Transport Minister Anita Anand concluded her Washington visit by addressing transportation safety and the role of integrated supply chains. She met with several U.S. officials to discuss the negative impacts of tariffs on workers and businesses. Her engagements included discussions with the Canadian Heads of Missions and participation in a fireside chat at the Wilson Centre’s Canada Institute.

Sources: Announcements: www.canada.ca

Canadian Labour Market Ministers Prepare for Potential Tariffs

In response to potential U.S. tariffs, Canadian Labour Market Ministers convened to strategize on mitigating impacts on the workforce. Discussing federal programs like the EI Work-Sharing Program and reskilling services, they emphasized the need for coordinated responses to protect the economy. The ministers stressed the importance of provincial and territorial roles in addressing unique market needs.

Sources: Announcements: www.canada.ca

U.S. Copper Import Investigation

President Trump ordered an investigation into whether U.S. reliance on imported copper threatens national security, focusing on supply chain vulnerabilities.

Sources: White House Announcements: www.whitehouse.gov

Canada's Balance of Payments Updates

Canada's current account balance posted a $5.0 billion deficit in Q4 2024, increasing by $1.4 billion from the previous quarter. The financial account saw inflows primarily from foreign investment in Canadian debt securities, highlighting ongoing economic challenges and the need for strategic financial management.