Category: Uncategorized
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Trade deal to leave ‘bad outcome’ for Canada and U.S., ex-minister says
Mark Carney is doing what no previous Canadian leader has done by accepting that President Donald Trump can impose tariffs despite the terms of the North American trade pact, the country’s former deputy prime minister said. “Canada apparently will have lower tariffs on steel, aluminum, cars and car parts. But tariffs will be in place…
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The loonie is rallying. Here’s why top currency watchers don’t think it will last
The languishing Canadian dollar flirted with the 73 cents US mark this week after United States President Donald Trump announced that Canada and U.S. had reached a tentative trade deal Tuesday evening, but currency watchers are warning the rebound may be short-lived. This week’s move, in which the loonie hit 72.8 cents US before falling…
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Trudeau says Canadians must stay ‘strong and united’ in face of U.S. negotiations
OTTAWA — Former Prime Minister Justin Trudeau said Canadians must stay “strong and united” in order for the federal government to get a good deal with the United States. Trudeau, who has largely stayed out of policy debates since exiting politics in January 2025, spoke briefly to media after attending the inauguration of the Canada’s…
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Opposition grows to anti-Israel motion to be heard by Montreal city council
Leaders among Montreal’s legal and medical communities are condemning an anti-Israel motion to be voted upon by city council next week. Brought by the opposition Projet Montréal party, the motion’s aim is to “recognize and denounce the apartheid regime in Palestine and the genocide being perpetrated there.” An open letter from almost 50 Montreal lawyers…
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U.S. wants its booze back in Canada’s stores but some say don’t buy it
Prime Minister Mark Carney has asked Canada’s provinces to end their bans on the retail sale of U.S. alcoholic beverages. It’s a necessary step to getting a trade deal with U.S. President Donald Trump across the finish line. The response so far indicates he’s succeeding — but some provincial politicians, still angry at what they…
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U.S. oil refiners face import squeeze from biggest foreign seller
United States refiners are facing a looming supply drop from their biggest foreign crude supplier at a time when they need the oil the most. Canada supplies the U.S. with more than four million barrels a day of crude , most produced in the oil-rich heartland of northern Alberta and then sent south to refineries…
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Tentative trade deal proposes tariffs on Canadian steel producers exporting to the U.S., but not on U.S. steel producers shipping here, say sources
A tentative deal being negotiated in Washington, D.C., proposes that Canadian steel mills will face tariffs and quotas on their exports to the United States , but U.S. steel producers won’t face any such barriers in Canada, according to sources who were briefed on the matter. The proposed deal will allow Canadian companies to export…
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Roots agrees to go-private deal with U.S. company Marquee Brands
Roots, the iconic Canadian heritage outdoor and lifestyle brand, will go private and be acquired by American company Marquee Brands, Roots Corp. announced on Thursday. Marquee Brands, a brand management company that operates 24 brands incuding Roberto Cavalli, BCBGMAXAZRIA, Martha Stewart, Laura Ashley and more, will acquire Roots through operating partner JM&A Design and Development…
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Loss of confidence: Two-thirds believe Canada’s health care is ‘in a state of crisis’
A new national survey has found that 63 per cent of Canadians describe health care in their province as being in a state of crisis, while 55 per cent believe the system has gotten worse over the past five years. The research, which was conducted by Abacus Data and commissioned by the Canadian Health Coalition,…
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Canadian retail sales look set to fall after seven months of gains
Retail sales in Canada increased by 0.6 per cent to $74.3 billion in June, with gains recorded in a broad swath of subsectors, said Statistics Canada Friday. But an initial flash estimate for the following month suggest sales fell by 0.8 per cent in July, the first decline in seven months. Statistics Canada said this…