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Canada could add nearly $100 billion to its economy by 2035 by exporting more sophisticated goods, services and innovations instead of relying as heavily on raw-resource exports, according to a new report from Export Development Canada. The Crown corporation says Canada has an opportunity to capture more value from its existing trade strengths by expanding processing, refining, advanced manufacturing and other higher-value activities.

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ADVERTISEMENTWatchThe Front Bench panel discusses what it could mean for negotiations if Trump’s trade war becomes a factor on the ballot during the U. S. midterm elections. October 08, 2026 at 6:31p.m. EDT

Canada, the United States, the European Union and more than a dozen allies pledged in a joint statement Wednesday to tackle excess global production capacity of electric vehicles, batteries and solar panels, an issue Washington has blamed on China. In all, 14 countries – all members of the Group of 20 – plus the EU signed on to this communiqué, which warned of the increasing harms that factory overproduction “created, sustained, or contributed to by government policies or interventions” is causing to the signatories’ domestic industries. Notably, however, G20 members including China, Brazil, Indonesia, Russia, Saudi Arabia and South Africa did not sign the statement. The statement did not name any countries considered responsible for subsidizing factories or overproducing goods that swamp global markets. But it named affected industries: electric vehicles, batteries, solar panels, chemicals and some semiconductors. Opinion: The Iran oil shock should mean EV sales are surging – so why aren’t they?

Hockey fans across North America may have to be night owls at points this season to see their team play, thanks to a move by three Canadian provinces to stay on daylight saving time. Alberta, home of the Edmonton Oilers and Calgary Flames, Manitoba with the Winnipeg Jets and British Columbia with the Vancouver Canucks decided not to move clocks back an hour in November and ahead in March, a shift that throws a few wrinkles into an NHL schedule that is driven by media rights holders.

The discount on Western Canada Select (WCS) crude oil to North American benchmark West Texas Intermediate futures widened again on Thursday, as soaring global freight prices continue to put pressure on Canadian barrels re-exported off the US Gulf Coast. WCS for November delivery in Hardisty, Alberta, settled at $25.20 a barrel below the US benchmark WTI, according to brokerage CalRock, compared with $25.15 on Wednesday. The discount remains more than $10 wider than it was at this point in last month’s trading cycle and remains wider than it has been since 2023.

Open this photo in gallery:A man walks past the Asian Infrastructure Investment Bank headquarters in Beijing. JADE GAO/AFP/Getty ImagesThe federal government is still mulling whether to reactivate its membership in the China-led Asian Infrastructure Investment Bank more than three years after Ottawa suspended participation in a high-profile diplomatic rupture with Beijing. Canada’s frozen membership in the bank, one of the more-prominent breaks with China during a deep freeze between the two countries, remains unresolved despite Prime Minister Mark Carney’s efforts to rekindle ties with Beijing. In June, 2023, then-deputy prime minister Chrystia Freeland, in her separate capacity as finance minister, announced a halt to Canadian engagement with the bank, which funds billions of dollars of infrastructure development in Asia. It also provides financing in other parts of the world. Canada holds first defence co-ordination talks with China in more than eight yearsFinance Minister François-Philippe Champagne’s office said a review is still continuing nearly 3½ years later and that Canada’s activity at the bank remains suspended.

Economists question whether Canada can find workers to deliver $670 billion in major projects by 2030 Canada may not have enough construction workers to build the major projects it has lined up for the rest of the decade, according to economists at National Bank of Canada.

Russia pounds Ukraine, killing at least 24 people Russian missiles and drones pounded Kyiv and other Ukrainian regions, killing at least 24 civilians, including four children, and wounding around 60 – Oct 7, 2026

Canada will be playing against Denmark this Friday and Monday in preparation for the 2026 Concacaf W Championship, where Canada will compete for qualification to both the 2027 FIFA Women’s World Cup and 2028 Olympic Games. Head coach Casey Stoney spoke about the growth of the squad since she joined while defender Gabrielle Carle said playing a quality side like Denmark will serve as a good test. October 08, 2026 at 4:16p.m. EDT