Canadian Business Leaders Eye Key Developments Amid Tariff Dispute

Canadian business leaders will be keeping a close eye on several key developments this week. On Monday, Bank of Canada governor Tiff Macklem will deliver a speech in Halifax, where he is expected to discuss the central bank's recent decision to keep its key interest rate at 2.25 per cent. The bank had previously warned that inflation risks have increased and new tariffs have made economic growth prospects more uncertain.

The House of Commons returns from recess on Monday as well, with trade and the economy topping the agenda for MPs. They will be dealing with the latest developments in the ongoing tariff dispute between Canada and the US.

On Tuesday, Toronto hosts the Elevate tech conference, which is expected to focus heavily on artificial intelligence and its growing impact on the world. The conference comes amid a heated debate over the speed of AI development and safety concerns.