In this edition:
- Canadian travel to U.S. by car down almost a third; American visits to Canada down only 1.4%
- Chamber of Marine Commerce report shows opening new ports to container arrivals would create $132.4M in economic activity
- Desjardins report shows tax cuts, dropping U.S. tariffs will hurt federal finances
- CSA Group unveils first bridge design code in Canada to reflect climate change
- Will Bank of Canada cut interest rate again? Here’s what economists predict
- Focus on Climate
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Picture credit: Dilok / Adobe Stock
Canadian travel to U.S. by car down almost a third; American visits to Canada down only 1.4%
In August, the number of Canadian-resident return trips from the United States was down 29.7% year over year, while the number of trips to Canada by US residents decreased 1.4%. This marked the third time since June 2006 (excluding August and September 2021, during the COVID-19 pandemic) when more US residents made trips to Canada than Canadian residents travelled to the United States.
Canadian-resident return trips from the United States by automobile declined by 32.6% to 2.2 million in August 2025. Of these trips, 57.6% were same-day trips.
Picture credit: HOPA Ports
Chamber of Marine Commerce report shows opening new ports to container arrivals would create $132.4M in economic activity
A new study prepared by Aviseo Conseil for the Chamber of Marine Commerce (CMC) has revealed that expanding Canada Border Services Agency (CBSA) container clearance services to six ports along the Great Lakes–St. Lawrence Seaway system would create tens of millions of dollars in regional economic development opportunities across Canada, generate significant new tax revenues, and see all federal investment fully recouped in a matter of months.
Currently, the CBSA only provides marine container inspection services at five Canadian ports: Halifax, Saint John, Montreal, Prince Rupert, and Vancouver, which limits supply chain strength and economic development.
Picture credit: manassanant / Adobe Stock
Desjardins report shows tax cuts, dropping U.S. tariffs will hurt federal finances
A new analysis of federal finances ahead of the much-anticipated fall budget argues Ottawa’s fiscal position was made worse by its decision to drop counter-tariffs and cut income taxes.
Desjardins deputy chief economist Randall Bartlett says in a new outlook published ahead of the Nov. 4 federal budget that Ottawa’s deficit is likely to be among the largest in recent memory outside of a recession or pandemic.
Picture credit: Allison / Adobe Stock
CSA Group unveils first bridge design code in Canada to reflect climate change
CSA Group has announced it has released the first bridge design code in Canada to provide engineers with guidance on designing for future risks of climate change.
According to a release, CSA S6:25, Canadian Highway Bridge Design Code, is the 13th edition of the code, but the first edition to use predictive modelling.
Picture credit: primestockphotograpy / Adobe Stock
Will Bank of Canada cut interest rate again? Here’s what economists predict
The Bank of Canada’s next interest rate decision drops next week and another rate slash looks promising, according to some economic experts.
The Bank of Canada has eight annual opportunities to adjust its policy interest rate, which is used by banks and mortgage lenders to set their repayment fees.
Focus on Climate
AI-related data centres use vast amounts of water. But gauging how much is a murky business
Jonathan Montpetit, Yvette Brend / CBC News
Through the Daily Updates, the GNCC aims to deliver important business news in a timely manner. We disseminate all news and information we feel will be important to businesses. Inclusion in the Daily Update is not an endorsement by the GNCC.
