Algoma Steel reports net loss of $110.6M in Q2 amid tariff pressures
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CTV News
34 minutes ago
- CTV News
Two of Canada's most senior ministers head to Mexico to discuss trade
The flags of Mexico and Canada fly near the Ambassador Bridge, Monday, Feb. 3, 2025, in Detroit. (AP Photo/Paul Sancya) Two of Canada's most senior cabinet ministers will be in Mexico City this week holding bilateral meetings with government officials and the Mexican president, as Canada looks to improve its trading partnerships outside the United States. Senior government officials confirmed to CTV News that the meeting, which will involve Finance Minister Francois-Philippe Champagne and Foreign Affairs Minister Anita Anand, will take place Tuesday and Wednesday. The talks are expected to cover trade and the larger relationship between the two countries. That relationship suffered in the past year, when Ontario Premier Doug Ford called on Canada to seek a unilateral trade deal with the United States – without Mexico – and accused the country of undercutting North American manufacturers. Canadian business leaders say the upcoming talks show an effort to strengthen ties at a time when both countries are facing volatility from the United States. 'When we talk to Mexico, when we talk to their embassies in Canada, they are very eager to reset the relationship,' Catherine Fortin-LeFaivre, senior vice-president of International Policy and Global Partnerships at the Canadian Chamber of Commerce, said Sunday. While Canada faces new blanket 35 per cent tariffs on Canadian goods that aren't covered under the Canada-United States-Mexico Agreement, Mexico received a 90-day extension to continue trade talks with the U.S. before it sees blanket tariffs increase from 25 per cent to 35 per cent. Last month, Prime Minister Mark Carney and Mexican President Claudia Sheinbaum spoke over the phone, with the two leaders agreeing to improve trade collaboration between the two nations. Carlo Dade, director of international policy at the University of Calgary's School of Public Police, said Canada having open dialogue and strong ties with Mexico is 'a good sign.' 'If we weren't talking to Mexico, there would be reason to be concerned and worried,' Dade told CTV News. He added that Canada hasn't taken advantage of being in close proximity to a country like Mexico that has a higher per-capita GDP than China. 'The infrastructure is there, we have CPKC - Canada-Pacific Kansas City Railroad - so there's (an) integrated North American railroad,' Dade said. 'We have a trade agreement, we have decades of strong, strong, political and economic relations – the only missing factor has been a willingness of Canadian business to seize the opportunities. Mexico has been marked as a priority market to expand trade with by Export Development Canada. While it is already Canada's third-largest trading partner, with nearly $56 billion dollars in two-way merchandise crossing the border in 2024, it represented just over one per cent of Canadian exports that year. Fortin-LeFaivre said those relations will be crucial, particularly if the United States looks to move from a trilateral free trade agreement to two bilateral deals. 'It will be imperative that if that is happening that we have a very strong connection with Mexico directly, without the U.S. being there,' she said. Friday, Carney reiterated Canada's commitment to the CUSMA agreement while condemning Trump's recent tariff increase.
Globe and Mail
2 hours ago
- Globe and Mail
Sylogist Ltd. Announces Details of Its Second Quarter 2025 Earnings Conference Call
Calgary, Alberta--(Newsfile Corp. - August 4, 2025) - Sylogist Ltd. (TSX: SYZ) ("Sylogist" or the "Company"), a leading public sector SaaS company, is pleased to announce that its financial statements for the second quarter of fiscal year 2025 will be released before markets open on August 14th, 2025. The Company will host a conference call at 8:30 AM Eastern Time on August 14th, 2025. Bill Wood, Sylogist's President and Chief Executive Officer, and Sujeet Kini, Sylogist's Chief Financial Officer, will review the Company's financial results and business performance. Conference Call Details Date: Thursday, August 14, 2025 Time: 8:30 a.m. ET Participant Toll-Free Dial-In Number: 1-833-752-3805 [North America] 1-647-846-8841 [International] Webcast link: This conference call will be recorded and available for replay on the Company's website. About Sylogist Sylogist provides mission-critical SaaS solutions to over 2,000 public sector customers globally across the government, nonprofit, and education verticals. The Company's stock is traded on the Toronto Stock Exchange under the symbol SYZ. Information about Sylogist, inclusive of full financial statements together with Management's Discussion and Analysis, can be found at or at
National Post
3 hours ago
- National Post
SVP Worldwide and Dyno LLC Announce Strategic Partnership to Expand Distribution of Sewing Accessories in North America
Article content NASHVILLE, Tenn. — Singer Sourcing Limited, LLC ('SVP Worldwide'), owner of iconic sewing brands, including SINGER®, HUSQVARNA® VIKING®, and PFAFF®, is pleased to announce a strategic partnership with Dyno LLC ('Dyno'), a leader in sewing notions and accessories. Effective July 1, 2025, Dyno has extended its long term licensing relationship serving as the exclusive U.S. distributor of SINGER® branded sewing accessories and notions. The agreement also includes non-exclusive distribution rights in Canada and Mexico. Article content This licensing partnership aligns with SVP Worldwide and Dyno's long-term goals of category leadership and customer-focused innovation. By combining Dyno's robust retail relationships, history of innovation, and distribution expertise with SVP Worldwide's product development and category knowledge, the partnership allows each organization to focus on its core strengths while delivering greater value to the sewing community. Article content Article content 'The collaboration with Dyno is a natural extension of our commitment to serving sewists with the highest quality tools, accessories, and support,' said Rob Will, CEO at SVP Worldwide. 'Together, we can better meet the needs of consumers and provide retail partners with a more streamlined, innovative assortment.' Article content 'We're excited to extend our partnership with SVP Worldwide to bring Dyno's accessory expertise to more consumers,' said David Gold, CEO at Dyno LLC. 'Their proven reach and market insight make them an ideal partner for this next chapter in our growth. We are exploring brand extension opportunities in a variety of areas where we believe the SINGER brand will resonate and inspire consumers.' Article content This partnership demonstrates the shared mission of both companies to enhance the sewing experience through product quality, accessibility, and innovation. Together SVP Worldwide and Dyno will craft a more integrated and inspiring shopping experience for every sewing need. Article content About SVP Worldwide Article content SVP Worldwide is the world's largest consumer sewing machine company, accounting for more than one out of every three sewing machines sold globally. The company's brands—SINGER®, HUSQVARNA® VIKING®, and PFAFF®—have collectively delighted sewists for over 170 years. Article content About Dyno LLC Article content Article content Article content Article content Article content
