Canada's GDP growth is anticipated to decelerate through late 2026 due to trade-related concerns and rising fuel costs. The country shed 68,000 jobs in September, with the unemployment rate reaching 6.5%. Draft documents suggest a potential Canada-EU response to the U.S.'s trade actions, and U.S. businesses are facing further economic strain from the ongoing trade war with Canada. Resources Minister Tim Hodgson emphasized that energy in the ground does not contribute to Canada's prosperity. U.S. officials are also monitoring Canadian involvement in the upcoming midterm elections.