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CTV News
8 minutes ago
- CTV News
Trade war to dominate meeting with premiers, prime minister
Ontario Premier Doug Ford, centre, welcomes the premiers as they pose for a portrait during the 2025 summer meeting of Canada's premiers at Deerhurst Resort in Huntsville, Ont., on Monday, July 21, 2025. THE CANADIAN PRESS/Nathan Denette TORONTO — The growing trade war with the United States will be top of the agenda when Canada's premiers meet with Prime Minister Mark Carney today. The premiers say they want to hear more about Carney's plans to respond to U.S. President Donald Trump's Aug. 1 deadline to get a trade deal done. In a letter to Carney on July 10, Trump threatened to impose 35-per-cent tariffs on Canadian goods by Aug. 1, setting a new deadline for trade talks that were supposed to have wrapped up by now. Carney said last week a trade deal with the U.S. will likely include some tariffs, and that he expects talks to intensify ahead of the Aug. 1 deadline. The premiers also say they hope to learn more about possible nation-building projects Carney is considering. Alberta Premier Danielle Smith says she is hoping to learn more about Carney's meeting with First Nation chiefs last week over their concerns about speeding up the development of pipelines and resource extraction projects in their territories. This report by The Canadian Press was first published July 22, 2025. Liam Casey, The Canadian Press
Globe and Mail
38 minutes ago
- Globe and Mail
How Carney's historic defence spending could change the economy
Ottawa's pledge to spend $150-billion annually on defence-related priorities by 2035 is creating big opportunities for the private sector. Several Canadian companies are preparing to compete for lucrative contracts as Canada aligns its defence spending with NATO allies. Pippa Norman, who covers innovation for The Globe, explains the state of Canada's defence sector, what industry leaders hope Prime Minister Mark Carney will change, and what this government's focus on military spending could mean for the country's economy and reputation as a peacekeeping nation. Questions? Comments? Ideas? Email us at thedecibel@
Vancouver Sun
2 hours ago
- Vancouver Sun
Carney to brief premiers on U.S. trade discussions as Trump deadline bears down
OTTAWA — Prime Minister Mark Carney will be offering his update on trade talks with the White House when he sits down with the premiers Tuesday, while discussing their concerns as an Aug. 1 deadline for more tariffs rapidly approaches. Carney is joining the provincial and territorial premiers during their summer gathering in Muskoka, Ont. Carney is expected to offer an opening statement, but most of the meeting on Tuesday is set to happen behind closed doors. On Monday, Quebec Premier François Legault said he will tell Carney he wants protection in negotiations for supply management for the dairy, egg and poultry sectors, as well as the exemption for Quebec's cultural industries from free-trade requirements. Start your day with a roundup of B.C.-focused news and opinion. By signing up you consent to receive the above newsletter from Postmedia Network Inc. A welcome email is on its way. If you don't see it, please check your junk folder. The next issue of Sunrise will soon be in your inbox. Please try again Interested in more newsletters? Browse here. British Columbia Premier David Eby has said he hoped Carney would kick off trade discussions by trying resolve the softwood lumber issue , which has been a trade irritant between Canada and the U.S. for decades. Carney recently said he thought it unlikely that there wouldn't be at least some tariffs in any deal struck before Aug. 1, though most of Canada's trade with the U.S. is protected by the Canada-U.S.-Mexico Agreement (CUSMA( that exempts most of the goods and services crossing the border. So far, Trump has imposed tariffs of 50 per cent on steel and aluminum; 25 per cent tariffs on goods, automobiles and automobile parts not covered by the CUSMA trade deal; and 10 per cent tariffs on energy. He is now threatening to impose a 35 per cent blanket tariff on Aug. 1 Canada has so far retaliated with counter tariffs on billions of dollars worth of American exports, but Carney is holding off on further measures pending the result of ongoing negotiations by the end of the month. Saskatchewan Premier Scott Moe said he has 'never been a big proponent of increasing countertariffs' and would rather try to find a way to get the White House to renew CUSMA, which is due to begin its mandated review in 2026. Moe also signalled he is prepared to live with some level of tariffs for the time being. 'We won't get to zero on each and every topic. The goal is to get as close as zero on as many items that we possibly can. I know that's the prime minister's goal as well,' he said. Whatever the outcome of the deal is — tariffs or no tariffs — Legault said he will ask Carney to make sure there is a specific time frame to add more certainty for businesses. Speaking in Hamilton, Ont. last week, Carney said his team was 'in the midst of long now and tough negotiations with the United States, and… working for the best deal for Canada.' 'Part of the reason why we don't have a deal is that deal is not yet on the table,' he said. National Post calevesque@ Our website is the place for the latest breaking news, exclusive scoops, longreads and provocative commentary. Please bookmark and sign up for our newsletters here .
