Overview

• Ministers met for two days in the Greater Toronto Area to map a fall plan focused on fast‑tracking national infrastructure through the new Major Projects Office, building affordable homes, bolstering defence capacity and preparing for the 2026 CUSMA review.
• Carney said he spoke with President Trump on Monday and described it as a good conversation, yet he cautioned against expecting immediate relief on sectoral tariffs as talks proceed on a case‑by‑case basis.
• Top Canadian officials, including Clerk of the Privy Council Michael Sabia, are in Washington for ongoing discussions as Ottawa pursues incremental arrangements with the U.S.
• Most Canadian retaliatory tariffs on U.S. goods covered by CUSMA were lifted on Sept. 1, but counter‑tariffs on autos, steel and aluminum remain in place.
• Carney framed the October fiscal plan as austerity paired with investment, with ministers signaling spending cuts to a leaner federal bureaucracy while protecting key transfers, even as defence outlays and priority projects are funded.