Canada

United States

Economics

Politics

The Canadian government drafted an initial list of $105 billion (CA$150 billion) worth of U.S. imports that it would target with tariffs if U.S. President-elect Donald Trump places tariffs on Canadian goods, Bloomberg reported on Jan. 15, citing an official familiar with the matter. 

Canada: Ottawa Drafts $100B List for Retaliatory Tariffs Against U.S.

Mali

Environment, Science & Technology

Science & Technology

Canadian mining company Barrick Gold said it will suspend operations at its Loulo-Gounkoto mining complex after Malian authorities began seizing the mine's gold output, Reuters reported Jan. 13.

Mali: Barrick To Suspend Operations At Loulo-Gounkoto Mine Following Gold Seizures

The Canadian government is weighing several proposals to retaliate against potential U.S. tariffs on Canada, and one such proposal would be a dollar-for-dollar strategy that targets most products the United States exports to Canada, Bloomberg reported on Jan. 10. 

Canada: Ottawa Weighs Broad Retaliatory Tariffs Against U.S.

Canadian Prime Minister Justin Trudeau announced in a Jan. 6 press conference that he is stepping down as leader of the Liberal Party, a position he has held for more than a decade, and will resign as prime minister once the Liberals select a new leader.

Canada: Trudeau Steps Down as Liberal Party Leader, Will Remain Prime Minister Until Replacement Selected

Mexico

China

Europe

Aides of U.S. President-elect Donald Trump are considering placing tariffs on imports from all countries, regardless of origin, that target certain critical sectors, such as those deemed critical to national or economic security, The Washington Post reported on Jan. 6. 

U.S.: Trump's Aides Discuss Narrow 'Universal' Tariff

The leader of Canada's left-wing New Democratic Party, Jagmeet Singh, said in a letter addressed to the Canadian people that his caucus plans to present a formal motion of no-confidence against Prime Minister Justin Trudeau after Parliament returns from the winter break on Jan. 27, 2025, Reuters reported on Dec. 20.

Canada: New Democratic Party Leader Plans No-Confidence Motion Against Trudeau in 2025

Canadian Deputy Prime Minister Chrystia Freeland, who also served as minister of finance, abruptly resigned on Dec. 16 in a letter posted on X strongly criticizing Prime Minister Justin Trudeau.

Canada: Deputy Prime Minister Resigns in Latest Blow to Trudeau Government

Military & Security

Canada is planning to raise security at the U.S.-Canada border to avoid 25% tariffs that U.S. President-elect Donald Trump threatened to impose on Canada in November over drug trafficking and illegal migration concerns, The New York Times reported on Dec. 11.

Canada: Trudeau Government Plans To Increase Border Security Measures To Avoid Trump's Tariffs

Assessments

Angola

Cote d'Ivoire

Ghana

Kenya

Nigeria

Argentina

Brazil

Ecuador

Algeria

Iran

Iraq

Israel

Jordan

Kuwait

Qatar

Saudi Arabia

Syria

Tunisia

Turkey

United Arab Emirates

Yemen

Taiwan

Ukraine

Belarus

Russia

Pakistan

World map on a dark digital background representing global communication and global finances.

Cyber

Energy

Russia-Ukraine Conflict

RANE's Top 10 Risks for 2025 highlights high-impact, low-probability risks and trends from the annual forecast presented in more extreme terms.

RANE's Top 10 Risks for 2025

Snapshots

Canada's Prime Minister Justin Trudeau attends a news conference on March 7, 2019 in Ottawa, Canada. 

Canadian Prime Minister Justin Trudeau’s resignation aims to revitalize the Liberal Party but is unlikely to prevent a Conservative electoral victory amid his declining popularity and party turmoil.

Canada's Trudeau Bows Out, Paving Way for Early Election

NYSE workers during morning trading Nov. 26 in New York. Incoming U.S. President Donald Trump is unlikely to place large tariffs on Canada and Mexico immediately upon taking office, but the mere threat to do so will likely chill investment in North America amid growing uncertainty about U.S. trade policy.

Though tariffs are unlikely, threats alone will likely chill investment amid growing uncertainty about U.S. trade policy.

Trump's Tariff Threats Alone Likely to Chill North American Investment

India

Indian policemen stand guard outside the entrance of the High Commission of Canada in New Delhi on Oct. 15, 2024. 

The dispute over India's alleged covert activities on Canadian soil will raise the risk of restricted consular services and protests in both countries, but major economic disruptions are unlikely.

India and Canada's Diplomatic Rift Hits a New Low

The national Parliament in the Canadian capital of Ottawa.

Global Elections

The prospect alone of early elections will paralyze policymaking until the deadline for general elections next year.

Trudeau's Struggles Will Paralyze Policymaking in Canada Ahead of Elections

A Sikh protest on Sept. 22, 2023, in Amritsar, India. India may conduct further covert action in the West that disrupts diplomatic relations, but more consequential, longer-lasting ruptures between the two sides remain unlikely.

India may conduct further covert action in the West that disrupts diplomatic relations, but more consequential, longer-lasting ruptures between the two sides remain unlikely.

How Indian Covert Action in the West Would Affect Ties

World Sikh Organization of Canada President Mukhbir Singh and National Council of Canadian Muslims CEO Stephen Brown speak during a press conference at the Canadian House of Commons in Ottawa on Sept. 19, 2023.

Recent allegations will raise tensions between Canada and India, leading to near-term security risks and possible tit-for-tat retaliation.

Canada-India Ties Take a Dive Following Ottawa's Allegations

Media

Podcasts

Can masks protect you from wildfire smoke?

Beyond COVID: Potential Health Effects From the Canadian Wildfires

The flag of the International Atomic Energy Agency (IAEA) flutters in front of the IAEA building in Vienna, Austria, on July 10, 2019.

A look at what the coming week will bring -- and a list of recommended RANE articles from the week that was.

The Weekly Rundown: EU Commission President Visits the U.S. and Canada, China's 'Two Sessions' Meetings Begin

Japan

France

Passengers of a flight from China walk toward a COVID-19 testing center after arriving in Paris, France, on Jan. 1, 2023. 

The Weekly Rundown: China Ends COVID-19 Travel Restrictions, Biden Meets With Japan, Canada and Mexico's Leaders

Germany

United Kingdom

Italy

Officials from Germany, Ghana, Canada, Japan, the United Kingdom, the African Union, the European Union, France, the United States and Kenya participate in a working session at a G-7 Foreign Ministers Meeting in Muenster, western Germany, on Nov. 4, 2022. 

The world’s most developed economies are generally poised to ride out the impending global recession -- with debt-ridden Italy being the one possible exception.

Assessing the Risk of Debt Crises in G-7 Countries

The flags of the G-7 countries and the European Union are seen on June 28, 2022, in front of Elmau Castle in southern Germany during this year's G-7 Summit.

Whether the G-7 price cap succeeds hinges on global participation, but as participation rises, so do the odds of the West's nightmare scenario: Russian oil export curbs.

The More Successful the G-7 Oil Price Cap on Russia, the More Risk It Brings

Located on the North American continent, Canada is the world’s second-largest country. Most of Canada is uninhabited wilderness, and Arctic temperatures make the northern territories inhospitable to large population centers.     Canada became independent from the United Kingdom in 1867. The country is made up of 10 provinces and three territories. A majority of Canada’s 35 million people reside within 100 kilometers of the U.S. border, where the climate and topography support meaningful populations. However this population is spread across a distance of roughly 7,000 kilometers, from the Atlantic to the Pacific oceans. Canada's primary geographic challenge is maintaining unity across its diverse population cores, which include Toronto and Montreal in the Great Lakes watershed; the prairie provinces of Manitoba, Saskatchewan and Alberta; and Vancouver on the Pacific coast.     The economies of these population cores are geared toward external trade as they try to meet demand for their services, manufactured goods and natural resources like oil. Heavy crude oil found largely in the province of Alberta is exported to U.S. and international markets, making Canada the world’s sixth-largest oil producer. Distance and climate are perennial challenges for Canada. The Trans-Canada Railway was Ottawa’s first effort, completed in 1886, to link Montreal, Toronto, the prairies and Vancouver. Redistribution payments, collected from resource-rich provinces and disbursed to resource-poor provinces and territories, is a contemporary policy aimed to unify and equalize provincial and territorial finances.     Because of its location, Canada is well within the U.S. sphere of influence and the country's freedom to act is constrained by U.S. interests.

North America Unrivaled

A Crude Recovery

SITUATION REPORTS

Canada: Ottawa Drafts $100B List for Retaliatory Tariffs Against U.S.

Mali: Barrick To Suspend Operations At Loulo-Gounkoto Mine Following Gold Seizures

Canada: Ottawa Weighs Broad Retaliatory Tariffs Against U.S.

Canada: Trudeau Steps Down as Liberal Party Leader, Will Remain Prime Minister Until Replacement Selected

U.S.: Trump's Aides Discuss Narrow 'Universal' Tariff

Canada: New Democratic Party Leader Plans No-Confidence Motion Against Trudeau in 2025

Canada: Deputy Prime Minister Resigns in Latest Blow to Trudeau Government

Canada: Trudeau Government Plans To Increase Border Security Measures To Avoid Trump's Tariffs

Forecasts

ANALYSES

SECTIONS

Explore

Subscribe

Help & Support