In mid-February, the federal government launched Canada's first Defence Industrial Strategy, aiming to transform the Canadian defence industry by prioritizing Canadian suppliers and materials, investing in Canadian innovation and commercialization, and streamlining procurement. The Strategy represents an investment of over half a trillion dollars during the next 10 years, creating significant capital opportunities for Canadian businesses. With these commitments, the government intends to position the Canadian industry to take advantage of C$180 billion in defence procurement opportunities and C$290 billion...

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From early banking to modern retirement accounts, learn how defining moments in the U.S. economy shaped personal wealth management strategies today. On July 4, 2026, the United States will celebrate its 250th anniversary—a journey that began with a declaration and grew into the world’s most influential economy. America’s financial architecture—its markets, institutions and planning tools—didn’t come together overnight. It was built deliberately, tested repeatedly and made stronger each time. “When you look back over the country’s financial history, you can see a...

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In brief What happened? The European Commission has published a Tax Omnibus proposal that would amend six EU direct tax Directives: the Interest and Royalties Directive (2003/49/EC), the Merger Directive (2009/133/EC), the Parent-Subsidiary Directive (2011/96/EU), the Anti-Tax Avoidance Directive (ATAD) (2016/1164), the Dispute Resolution Mechanisms Directive (2017/1852), and the FASTER Directive (2025/50). The package is intended to simplify the EU direct tax framework, reduce compliance burdens, improve legal certainty, and support EU competitiveness. According to the Commission’s impact assessment, it could...

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On 3 June 2026, the EU Commission published a proposal for a regulation establishing a framework of measures for strengthening Europe's cloud and AI ecosystem: the Cloud and AI Development Act, or "CADA". The proposal aims at providing legal instruments for the EU and the Member States to commit to actions to improve the competitiveness of the EU ecosystem in relation to AI, cloud systems, and data centres, whilst also furthering the digital sovereignty of the EU. How does this...

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