
Pipeline politics heats up as Eby resists calls for a new system to B.C.'s coast
Canada's premiers met Tuesday with Prime Minister Mark Carney to talk tariffs ahead of President Donald Trump's August 1 deadline, alongside efforts to unite Canada in the face of those threats.
Carney described the premiers as 'a group focused on building our country, building positively, building here at home, building one Canadian economy.'
B.C. and Ontario signed one of various deals to remove inter-provincial trade barriers - their memorandum of understanding relating to alcohol.
Yet pipeline politics were less pleasant, and kept re-emerging as a point of contention.
Alberta's Danielle Smith was leading the charge by several provinces, pushing for a new pipeline through B.C. and the removal of tanker bans
'Our project that we want on the national project list is a bitumen pipeline to the B.C. coast,' Smith told reporters Tuesday.
In response, Premier David Eby again expressed resistance to the idea.
'There is no project, there is no proponent, there is no private sector money involved at all,' said Eby.
Coastal B.C. First Nations were more adamant in their opposition, sending an open letter to Carney.
'The lifting of the oil tanker ban is not something that we can support, nor will we ever provide our consent to,' Chief Marilyn Slett, with the Heiltsuk Tribal Council, told CTV News on Tuesday.
The prime minister didn't directly address the issue of pipelines, but said approved nation building projects would inevitably involve multiple regions and First Nations support.
'It has to benefit multiple stakeholders, multiple provinces, advance our interests, advance the interests of Indigenous people,' he said.
As for U.S. trade negotiations there were few details Tuesday, and a range of views on whether Canada should launch counter tariffs if American ones go ahead next month.
Premier Ford advocated for dollar for dollar retaliatory tariffs, if Trump's threatened tariffs come into effect.
'He'll roll over us like a cement roller if you show an ounce of weakness,' said Ford.
Carney did indicate the August 1 deadline might be extended, and there was only a willingness to agree to deal if it's a good one for Canada.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Global News
18 minutes ago
- Global News
Carney to meet with cabinet on U.S. trade, Middle East
See more sharing options Send this page to someone via email Share this item on Twitter Share this item via WhatsApp Share this item on Facebook Prime Minister Mark Carney is meeting virtually with his cabinet today to discuss the state of trade negotiations with the U.S. and the situation in the Middle East. The meeting is scheduled for 2 p.m. ET. Minister responsible for Canada-U.S. Trade Dominic LeBlanc is in Washington today meeting with U.S. officials. 1:59 No word on Canada-U.S. trade deal progress, as Trump's deadline nears Carney said Monday that Canada's negotiations with the United States are in an 'intense phase' after President Donald Trump clinched a critical agreement with the European Union. Story continues below advertisement Trump told reporters last week that Canada wasn't a priority ahead of his Aug. 1 deadline to make trade deals. Ministers are also expected to discuss the situation in the Middle East after the government announced Monday that it's adding $30 million to its humanitarian funding for Palestinians in the Gaza Strip and $10 million to 'accelerate reform and capacity-building for the Palestinian Authority.'


CTV News
18 minutes ago
- CTV News
Asian shares are mixed after China-U.S. talks end without a trade deal
Currency traders work near a screen showing the Korea Composite Stock Price Index (KOSPI), left, and the foreign exchange rate between U.S. dollar and South Korean won at the foreign exchange dealing room of the Hana Bank headquarters in Seoul, South Korea, Wednesday, July 30, 2025. (AP Photo/Ahn Young-joon) BANGKOK — Shares in Asia were mixed on Wednesday after the U.S. and China ended their latest round of trade talks without a deal. U.S, futures edged higher while oil prices slipped. Beijing's top trade official said China and the United States agreed during two days of talks in Stockholm, Sweden, to work on extending an Aug. 12 deadline for imposing higher tariffs on each other. The U.S. side said an extension was discussed, but not decided on. U.S. Trade Representative Jamieson Greer said the American team would head back to Washington and 'talk to the president about whether that's something that he wants to do.' A Friday deadline is looming for many of Trump's proposed tariffs on other countries. Several highly anticipated economic reports are also on the way, including the latest monthly update on the job market. 'Markets had been floating on a cloud of trade optimism — first Japan, then the EU — but the sugar high is wearing off. Now, with U.S.-China talks dragging on in Stockholm, there's a growing sense that the momentum is stalling,' Stephen Innes of SPI Asset Management said in a commentary. Hong Kong's Hang Seng index shed 0.1.2% to 25,213.15, while the Shanghai Composite index gained 0.2% to 3,616.30. Tokyo's Nikkei 225 index fell less than 0.1% to 40,654.70. Gains for electronics companies were offset by losses for major exporters like Toyota Motor Corp. and Honda Motor Co. Australia's S&P/ASX 200 climbed 0.6% to 8,756.40 and in South Korea, the Kospi gained 0.7% to 3,254,47. Taiwan's Taiex rose 1.1%. In India, the Sensex added 0.3%. On Tuesday, U.S. stock indexes edged back from their record levels as a busy week for Wall Street picked up momentum. The S&P 500 fell 0.3% to 6,370.86, while the Dow Jones Industrial Average lost 0.5% to 44,632.99. The Nasdaq composite was down 0.4% at 21,098.29. SoFi Technologies jumped 7.4%, but Merck dropped 2.2% and UPS sank 9.2% following a torrent of profit reports from big U.S. companies. They're among the hundreds of companies telling investors this week how much they made during the spring, including nearly a third of the stocks in the S&P 500 index. UnitedHealth Group dropped 5.8% after reporting a profit for the spring that fell short of analysts' expectations. It also gave a forecast for profit over all of 2025 that investors found disappointing. The health care giant said it expected to earn at least $16 per share, when analysts were looking for something close to $20, according to FactSet. Shares of Novo Nordisk that trade in the United States tumbled 21.3% after the Danish company cut its forecast for sales growth this year, in part because of lower expectations for its Wegovy weight-loss drug amid high competition. Treasury yields sank as the Federal Reserve began a two-day meeting on interest rates. Despite pressure from President Donald Trump for lower rates, which would give the economy a boost, the widespread expectation is that the Fed will wait for more data about how Trump's tariffs are affecting inflation and the economy before making its next move. The U.S. economy appears to be slowing. One report Tuesday said that U.S. employers were advertising fewer job openings at the end of June than a month before, though still more than economists expected. A separate report said confidence rose among U.S. consumers, but a measure of their expectations about the near term remains below the level that typically signals a recession ahead. In other dealings early Wednesday, U.S. benchmark crude oil shed 1 cent to $69.20 per barrel, while Brent crude, the international standard, was up 2 cents at $71.70 per barrel. The dollar fell to 147.90 Japanese yen from 148.48 yen. The euro rose to $1.1559 from $1.1546. Elaine Kurtenbach, The Associated Press


CTV News
18 minutes ago
- CTV News
Hudson's Bay asks court to force landlords to let B.C. billionaire take over leases
Billionaire Ruby Liu, centre, poses with her staff while holding a set of keys to a former Hudson's Bay-owned Saks Off 5th department store during a "handover ceremony" at Tsawwassen Mills shopping mall that she owns, in Tsawwassen, B.C., on Thursday, June 26, 2025. THE CANADIAN PRESS/Darryl Dyck TORONTO — Hudson's Bay has solidified its faith in a controversial deal to sell leases to a B.C. billionaire by asking a court to force landlords critical of her to let her move in. A motion filed by the collapsed department store late Tuesday asked the Ontario Superior Court to reassign 25 of its leases to Ruby Liu. Fifteen of the leases cover properties in Ontario, including Fairview Mall, Sherway Garden, Bayshore Shopping Centre and Bramalea City Centre. The remaining 10 are split evenly between Alberta and B.C. and include West Edmonton Mall, CF Market Mall and Guildford Town Centre. The group of leases will cost Liu about $69 million, minus a litany of fees she has to pay as a condition of taking them on, the latest documents show. The Bay thinks Liu should get the leases because the deal will help it repay creditors, offer jobs to former Bay employees and fill vacant properties so landlords avoid 'the visual and economic blight of a 'dark' or empty store for a significantly prolonged period.' If landlords aren't forced to accept Liu, the company warns 'significant benefits and value creation … will be lost' and it will have to turn its former stores back over to landlords. The filing sets up the Bay for a fight that will pit it against some of the country's most prominent landlords, including Cadillac Fairview, Oxford Properties and Primaris. If it wins, Liu estimates the retailer will make a $50 million dent in the roughly $1.1 billion in debt it had when it filed for creditor protection in March. That process led the Bay to close all of its stores and start soliciting buyers for its leases. One dozen bidders made offers for 39 properties. Liu was designated the winner of the bulk of them. The Vancouver-based entrepreneur made her fortune in Chinese real estate and owns three B.C. malls, including the Woodgrove Centre and Mayfair Shopping Centre, which she is willing to sell to advance her push for the Bay leases. Liu inked two deals to buy a collective 28 leases that belonged to the Bay and its sister Saks stores in May. The first deal – for three leases at malls Liu owns – sailed through court with no opposition. The second became fraught shortly after it was announced, when landlords began meeting with Liu and found she had little information to share about her bid to open a new department store named after herself and replete with retail, dining, entertainment and recreational spaces. A package Liu sent landlords in early June, which was obtained by The Canadian Press, showed she thought she was capable of opening up to 20 stores within just 180 days of signing leases. It offered a vague financial budget and mentioned hiring efforts and meetings with prospective suppliers but did not name the potential vendors. Court records filed on Tuesday showed the initial package and meetings with Liu left Cadillac Fairview 'with the strong impression that Ms. Liu is making this up as she goes.' Primaris REIT felt her plans were 'predicated upon hope, optimism and not on experience.' New plans filed alongside the Bay's motion show Liu has taken another stab at a business roadmap. This time around she's budgeting $375 million for her venture and is looking at opening three tiers -- flagship, platinum and standard -- of a new, self-named department store. Though she has spoken repeatedly about putting dining, entertainment and recreational spaces into her stores, she promises to take on the leases 'as is.' 'Much has been made of my public comments around the retail concepts that I believe may appeal to modern shoppers,' Liu writes. 'However, this should not be taken as any intention to ignore the terms of the lease.' Liu says $120 million will be invested on 'overdue' repairs to roofs, HVAC systems, washrooms, elevators and escalators and $135 million on initial inventory. She projects her plan will create at least 1,800 new jobs and by 2027, generate more than $420 million in annual sales. Despite the landlords' opposition to the assignment of the leases to Liu, she says she is 'confident that my growing team (which will include former HBC executives) will be able to build fruitful and lasting relationships with them and their communities.' Liu's filing was made after 50 pages she sent to judge Peter Osborne – against the Bay's advice – were entered into the court record. They included two notes to Osborne sent a day apart that were appended with letters the Bay's lawyers and landlord lawyers sent to her and her counsel. The records show the Bay's lawyers heeded early criticism from landlords and started pressing Liu to prepare a more in-depth plan. They urged Liu to hire the retailer's former CEO Liz Rodbell as a consultant and KPMG as a financial adviser and bring back Miller Thomson as legal representation and offered to shave $3 million off the price of the leases, if she did so. The new business plan Liu filed Tuesday makes no mention of Rodbell or Miller Thomson but lists KPMG as a potential tax adviser and auditor. This report by The Canadian Press was first published July 29, 2025. Tara Deschamps, The Canadian Press