logo
U.S.-WASHINGTON, D.C.-TRUMP-CANADA-TRADE TALK

U.S.-WASHINGTON, D.C.-TRUMP-CANADA-TRADE TALK

Canada News.Net10 hours ago

(250627) -- WASHINGTON, June 27, 2025 (Xinhua) -- U.S. President Donald Trump speaks to the press at the White House in Washington, D.C., the United States, on June 27, 2025. Trump announced Friday that the United States would terminate all trade talks with Canada due to Canada's digital services tax on U.S. tech companies. (Xinhua/Hu Yousong)

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Mark Carney, and the return of the progressive conservative
Mark Carney, and the return of the progressive conservative

Globe and Mail

time12 minutes ago

  • Globe and Mail

Mark Carney, and the return of the progressive conservative

As Prime Minister Mark Carney announced a massive and immediate boost to defence spending earlier this month, he talked about the importance of using those new funds prudently. 'Every taxpayer dollar is precious,' he said in passing, later adding that his government would not be looking for new sources of revenue to pay for the defence buildup. 'We just cut taxes, we're not raising taxes.' It's easy enough to imagine a Conservative prime minister uttering similar sentiments – much easier than, say, envisioning former prime minister Justin Trudeau waxing on about the need to pinch pennies in the federal budget and making a no-new-taxes pledge. That Mr. Carney was going to drag the Liberal Party back to the centre after years of an NDP-lite government under Mr. Trudeau was to be expected. Two months after the election, the extent of that metamorphosis is becoming clearer – and it is remarkable. Part of that change is atmospheric. There are no more breathless lectures from Mr. Trudeau; they have been, mercifully, replaced by Mr. Carney's boardroom staccato. Unlike his predecessor, the current Prime Minister boasts of being 'laser-focused' on economic growth. And Canadians, happily, have no idea what kind of socks Mr. Carney likes to wear. But more than mannerisms have changed. Since April, the Prime Minister has cut personal income taxes, boosted defence spending dramatically, pledged to cut the cost of the federal bureaucracy, tightened immigration rules, eliminated federal barriers to internal trade, created a framework for breaking the stasis on big national projects and signaled that he will dismiss underperforming top bureaucrats. That's an agenda that Brian Mulroney could have endorsed. In fact, it overlaps a good deal with the actual governing record of his Progressive Conservatives. Mr. Carney is a Liberal but, in the early going, he looks to be governing much like a Red Tory – a progressive kind of conservative. Mr. Carney's agenda is one that the Liberals, in their Trudeau-era incarnation, would have most likely loudly denounced. Indeed, some left-leaning Liberals in the current caucus, including former cabinet minister and leadership contender Karina Gould, have already voiced their disquiet on legislation to speed up megaproject approvals. House approves Bill C-5 to fast-track projects, Carney pledges summer consultations with Indigenous leaders That could portend problems not that far down the road for the Liberal coalition that gave Mr. Carney his minority government. The Liberals corralled the progressive vote, with support for the NDP and Greens plummeting from the 2021 campaign. Will those voters stick with the Liberals if Mr. Carney continues his rightward sidestep? And will Mr. Carney stick with his agenda if his progressive supporters bolt? Another (large) caveat is how Mr. Carney's agenda adds up in the fall budget. Broad statements on finding efficiencies in the public service are enough for now. Canadians will see in a couple of months whether the blue-tinged Liberals will actually reduce the bloated head count of civil servants. Similarly, it's encouraging that Michael Sabia, two days before he was appointed Clerk of the Privy Council, mused about the 'pancake' of regulations that were stifling economic growth. But what will he and Mr. Carney do to reduce the height of the pancake stack? Biggest of all, the swirl of mist surrounding Mr. Carney's fiscal plans will be necessarily dissipated once that budget is tabled. How will the defence buildup be paid for? Will the deficit fall or rise from the groaningly high levels that Mr. Trudeau bequeathed to his successor? The answers found in the budget will determine if Mr. Carney has truly broken from the fiscal recklessness of the Trudeau Liberals. Longer term, there is the open question of how aggressively the Carney Liberals will push badly overdue structural reforms of the economy. Broad tax reform, lowering of foreign ownership barriers, radically paring business subsidies and reducing the regulatory burden: all of those changes are needed to reinvigorate Canada's economy. At the moment, Mr. Carney doesn't look to be abandoning the dirigiste propensities of the Trudeau Liberals, who were unable to see that millions of minds in the private sector might do a better job than a government department. In less than four months, Mr. Carney has reinvented and reinvigorated the Liberal brand, delivering a progressive feel to conservative governance. Canadians will find out soon enough if that is a mere marketing exercise.

Could Buying AST SpaceMobile Stock Today Set You Up for Life?
Could Buying AST SpaceMobile Stock Today Set You Up for Life?

Globe and Mail

time12 minutes ago

  • Globe and Mail

Could Buying AST SpaceMobile Stock Today Set You Up for Life?

AST SpaceMobile (NASDAQ: ASTS) is an exciting stock. It has such an interesting story backing it that some investors might wonder if buying in now could help to set them up for life. That is possible, but there's one small problem that you need to consider before stepping in here. This is what you need to know about AST SpaceMobile before you buy it. What does AST SpaceMobile do? AST SpaceMobile operates a satellite-based broadband cellular network. It is really just starting to build out that network, but it has some of the most important markets covered. That list includes the United States, Europe, and Japan. When it actually turns the network on, it should be ready to hit the ground running. One of the key features of AST SpaceMobile's business model is that it is working in partnership with some of the world's largest telecom companies. That list includes both AT&T and Verizon Communications. These providers have massive customer bases, to which they will market AST SpaceMobile's service as an add-on. The benefit is that satellite access, using a customer's existing cellphone, ensures phone service in virtually all locations. The longer-term goal for AST SpaceMobile is to provide worldwide coverage. Essentially, with no additional outlay for technology, a cellphone customer will eventually be able to ensure they have access to the internet and communications networks the world over. All it will require to take advantage of that "insurance" is a monthly fee, though there are also likely to be other options for those who only need such coverage for a short duration of time. This is a compelling story and hints that there could be a huge amount of growth ahead. That will first come from simply rolling out the service in currently covered regions. But then it will expand as AST SpaceMobile's satellite network grows over time. The problem with AST SpaceMobile So that's the glass-half-full view of things, and it is a compelling story for investors to consider. But there are always caveats to think about, and there are two big ones with AST SpaceMobile. First, launching satellites into space is not a cheap or easy thing to do. Execution will be very important. However, AST SpaceMobile only directly controls just so much of its business on this front. Even if it can build new satellites at a rapid clip, it has to get them launched into space by a third party. It's possible for spaceships to blow up, destroying their contents. A big disaster on that front would be a costly setback for AST SpaceMobile, even though it had little control over the outcome of the launch event. And that assumes that AST SpaceMobile executes very well on what it can control, which isn't a given. Second, and perhaps more worrying, is the fact that Wall Street is clearly aware of the opportunity AST SpaceMobile presents. The stock is up more than 400% over the past year, and by nearly 600% over the past three years. Even as the stock has risen in meteoric fashion, the company still has yet to turn a profit. ASTS data by YCharts. It looks like Wall Street may already be pricing in a lot of good news here. In fact, the recent stock price advance has been so swift that it hints that investors may have gotten a little overenthusiastic about the company's prospects. Sure, the long-term opportunity could be huge, but how much of that appeal has already been baked into the share price? A price-to-earnings ratio of roughly 20 would require earnings of around $2 per share, which seems like an unlikely outcome over the near term given the large need for capital investments (to build and launch additional satellites). AST SpaceMobile is expensive So there's no question that AST SpaceMobile, assuming it executes well, has a very attractive story behind it. That's not the problem with the stock. The problem is that Wall Street often gets a story in its teeth and runs too far and too fast with it. That seems like it might be happening with AST SpaceMobile right now. If you buy it, remember that it is still just a start-up company. You may have to stick around for a long time to benefit given the swift price advance already experienced by the shares. Worse, you may have to sit through a deep drawdown if there are any setbacks, or if the business doesn't develop quickly enough for Wall Street. In other words, AST SpaceMobile is probably only appropriate for more aggressive investors with a very long-term investment horizon. Should you invest $1,000 in AST SpaceMobile right now? Before you buy stock in AST SpaceMobile, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and AST SpaceMobile wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $704,676!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $950,198!* Now, it's worth noting Stock Advisor 's total average return is1,048% — a market-crushing outperformance compared to175%for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of June 23, 2025

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store