Readout - Prime Minister Carney speaks with Prime Minister of Malaysia Anwar Ibrahim Français
Prime Minister Carney and Prime Minister Anwar discussed the strong and dynamic trade relationship between Canada and Malaysia. They agreed to deepen bilateral co-operation in clean and conventional energy, cybersecurity, and artificial intelligence.
The leaders look forward to meeting at the ASEAN Summit, under Malaysia's chairship.
This document is also available at https://pm.gc.ca

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


Cision Canada
2 hours ago
- Cision Canada
Cascadia Announces Closing of Financing
VANCOUVER, BC, July 3, 2025 /CNW/ - Cascadia Minerals Ltd. (" Cascadia") (TSXV: CAM) (OTCQB:CAMNF) is pleased to announce that it has oversubscribed and closed its previously announced non-brokered private placement (the " Placement") for total proceeds of C$2,274,385, in conjunction with Cascadia's planned acquisition of Granite Creek Copper Ltd. (the " Transaction"), see news release dated June 9, 2025 for more details. The Placement was oversubscribed by 174,180 subscription receipts. The Placement consisted of the sale of: (a) 14,459,894 subscription receipts (" Subscription Receipts") at a price of $0.14 per Subscription Receipt for gross proceeds of C$2,024,385; and (b) 1,785,714 units (" Cascadia Units") at a price of C$0.14 per Cascadia Unit for gross proceeds of C$250,000. Each Subscription Receipt entitles the holder to receive at the effective time of the Transaction one unit of Cascadia consisting of one Cascadia share and one common share purchase warrant (a " Warrant"). Each Warrant will entitle the holder thereof to purchase an additional Cascadia share at a price of $0.24 per share for a period of two years following the date of issuance of the Warrant. The Cascadia Units also consist of one Cascadia share and one common share purchase warrant having the same terms as the Warrants forming part of the units underlying the Subscription Receipts. The proceeds from the sale of the Subscription Receipts will be held in escrow pending the closing of the Transaction. If the closing of the Transaction has not completed by August 29, 2025, the Subscription Receipts will be cancelled and the escrowed proceeds returned to the subscribers. Cascadia will use the proceeds of the Placement to pay expenses associated with the Transaction and to conduct exploration on the Carmacks Project. Cascadia will pay cash finders' fees totalling $90,623 and issue a total of 647,308 finder warrants (" Finder Warrants") in connection with the financing, with such fees to be paid and warrants to be issued at the closing of the Transaction. Each Finder Warrant shall be exercisable into one common share of Cascadia for a period of 24 months from issue, at an exercise price of $0.24 per Finder Warrant. The Cascadia shares and warrants comprising the Cascadia Units and any Cascadia shares issuable upon the exercise of these warrants are subject to a hold period in Canada until November 4, 2025. The Subscription Receipts are also subject to a hold period in Canada which ends on November 4, 2025, but the Cascadia shares and Warrants issuable upon the conversion of the Subscription Receipts at the effective time of the Transaction and any Cascadia shares issued on the exercise of the Warrants will not be subject to a resale hold period in Canada. Insiders of Cascadia purchased a total of 1,071,429 Subscription Receipts and 1,785,714 Cascadia Units in the private placement. The participation of insiders in the private placement constitutes a related party transaction, within the meaning of TSX-V Policy 5.9 and Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (" MI 61-101"). Cascadia has relied on exemptions from the formal valuation and minority shareholder approval requirements provided under sections 5.5(a) and 5.7(a) of MI 61-101 on the basis that the fair market value (as determined under MI 61-101) of insider participation in the Placement did not exceed 25 per cent of Cascadia's market capitalization. About Cascadia Cascadia is a Canadian junior mining company focused on making new copper and gold discoveries the Yukon and British Columbia. Cascadia's flagship Catch Property in the Yukon hosts a brand-new copper-gold porphyry discovery where inaugural drill results returned broad intervals of mineralization, including 116.60 m of 0.31% copper with 0.30 g/t gold. Catch exhibits extensive high-grade copper and gold mineralization across a 5 km long trend, with rock samples returning peak values of 3.88% copper, 1,065 g/t gold, and 267 g/t silver. Cascadia and Granite Creek Copper Ltd. recently announced a merger, whereby Cascadia will acquire all outstanding shares of Granite Creek by way of a plan of arrangement (see news release dated June 9, 2025). Granite Creek's flagship asset is the Carmacks Project in the high-grade Minto copper district in Yukon Territory, Canada. The project is located south of and within 35km of the past-producing Minto mine, which was recently acquired by Selkirk Copper Mines. The Carmacks Project hosts a Measured and Indicated Resource containing 651 Mlbs of copper and 302 koz of gold (36.3 million tonnes grading 0.81 % copper, 0.26 g/t gold, and 3.23 g/t silver and 0.01% molybdenum) with a 2023 PEA demonstrating positive economic potential ($230.5 M Post-Tax NPV (5%) and 29% Post-Tax IRR). QA/QC The technical information in this news release has been approved by Andrew Carne, VP Corporate Development for Cascadia and a qualified person for the purposes of National Instrument 43-101. Prospecting grab samples referenced in this release represent highlight results only, and include results from 2024 and previous seasons. Below detection values for copper, gold and silver have been encountered in grab samples in these target areas. For more details on Catch drilling and prospecting results, please see Cascadia's News Releases dated July 25, 2024, and July 19, 2023. The Mineral Resources disclosed here are referenced from the 2023 Technical Report on the Carmacks Project Preliminary Economic Assessment, authored by SGS Canada Inc. for Granite Creek Copper, and have not been independently reviewed by Cascadia. Pricing for the Carmacks Project PEA base case economic analysis was US $3.75/lb copper, US $1,800/oz gold, and US $22/oz silver at an exchange rate of $1:US$0.75. For more details on the economic analysis, refer to the 2023 Technical Report on the Carmacks Project Preliminary Economic Assessment, authored by SGS Canada Inc. for Granite Creek Copper. The results of the Carmacks preliminary economic assessment are preliminary in nature, it includes inferred mineral resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves, and there is no certainty that the preliminary economic assessment will be realized. On behalf of Cascadia Minerals Ltd. Graham Downs, President and CEO NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE. Cautionary note regarding forward-looking statements: This press release may contain "forward-looking information" within the meaning of applicable securities laws. Readers are cautioned to not place undue reliance on forward-looking information. Actual results and developments may differ materially from those contemplated by these statements. The statements in this press release are made as of the date of this press release. The Company undertakes no obligation to update forward-looking information, except as required by securities laws. SOURCE Cascadia Minerals Ltd.


National Observer
2 hours ago
- National Observer
Automakers hopeful that Carney will repeal EV sales mandate
The head of an organization representing automakers said he's "cautiously optimistic" after meeting with Prime Minister Mark Carney to urge him to repeal the electric vehicle sales mandate. Canadian Vehicle Manufacturers' Association CEO Brian Kingston joined the CEOs of Ford Canada, Stellantis Canada and GM Canada in a meeting with the prime minister on Wednesday in Ottawa. Along with discussing the impact of U.S. tariffs — the primary focus of the meeting — the automakers told Carney there's no way the industry can meet the targets set out in the EV mandate. The industry has long argued the mandate is unnecessary since Canada already has other policies to meet its emissions-reduction targets. "Why would you put an EV mandate on top of your existing (greenhouse gas) regulations? It makes absolutely no sense," Kingston told The Canadian Press. "Now, what's changed since it was designed and came into force is that we've had this collapse in EV sales." The EV sales mandate requires that 20 per cent of all new light-duty vehicles sold in Canada next year be zero-emission. The target rises annually to 100 per cent by 2035. The head of an organization representing automakers said he's "cautiously optimistic" after meeting with Prime Minister Mark Carney to urge him to repeal the electric vehicle sales mandate. The most recent data from Statistics Canada shows EVs accounted for just 7.53 per cent of all new vehicles sold in Canada in April. EV sales peaked at 18.29 per cent in December, the last month before funding ran out of the popular Zero-Emission Vehicles rebate program. Known as iZev, the rebates offered up to $5,000 off the cost of a new electric vehicle, but the program was suspended in January and that month sales dipped to 11.95 per cent. Sales further fell to 6.8 per cent in February with the loss of the federal rebate program, and 6.53 per cent in March. They climbed slightly in April after Quebec reintroduced its own provincial rebate, which will be gradually phased out by January 2027. "If we are going to hit the 2026 mandated target of 20 per cent EV sales, you would have to grow ZEV sales by 180,000 units," Kingston said. "There is simply no way that that can occur on such a short timeline, given all of the current market forces at play." While the government has indicated it plans to bring back some form of consumer rebate for electric vehicles, Kingston said making such a promise without a firm timeline for implementation promises to undermine EV sales even further. Industry Minister Mélanie Joly said in May the government was looking at bringing back "support programs" for EVs. Last month, Environment Minister Julie Dabrusin told The Canadian Press that Ottawa is working on bringing back a rebate program. The Liberal party's election platform promised to look at ways to "reintroduce a purchase incentive worth up to $5,000." "Comments from ministers in the public suggesting that an EV incentive is coming back are extremely damaging," Kingston said. 'If the government is going to bring it back, they've got to be clear about that with the plan and the timeline. And it has to be quick because if you tell people it's going to be in three months, then no one will purchase an EV for the next three months.' Transport Canada is holding consultations on the rebate program. Hyundai Canada CEO Steve Flamand, who has called for the rebate to return, is meeting with department officials to discuss it next week. "For us, the program worked quite well," Flamand told The Canadian Press. He added the sudden end of the iZEV program disrupted his company's supply chains. "Obviously, it needs to be predictable, it needs to be stable, because our business does not shift in a matter of a couple of days," he said. "It pivots in a matter of six-month tranches." Flamand said his company isn't opposed to the EV mandate, as long as it aligns with market demand. "We believe in the cause, but right now I think 20 per cent... it's just not realistic. Nobody's going to do that," he said. "So having an unrealistic mandate without the natural market demand for it is a recipe for a disaster." Kingston said bringing back the rebate program wouldn't be enough on its own to meet the EV mandate. "Just to give you a sense of what the cost would be if you were to try and put in place a $5,000 incentive and increase sales by an additional 180,000 vehicles to meet the 2026 target, you'd be talking about nearly a billion dollars in spending," he said. "That is not a sustainable policy." T


Cision Canada
2 hours ago
- Cision Canada
La Caisse firmly rejects allegations that it facilitates or encourages international crimes through its investments Français
MONTRÉAL, July 3, 2025 /CNW/ - Following the publication of the report by United Nations Special Rapporteur Francesca Albanese, La Caisse wishes to be clear and firmly rejects allegations that it facilitates or encourages international crimes through its investments. Allegations and facts must be corrected. For one, the majority of investments in the companies mentioned are not directly managed by La Caisse. They are managed by intermediaries or are held through standard products offered to all investors. Furthermore, La Caisse holds a very small percentage of shares in these companies, which limits its ability to directly influence them. In actual fact, it owns less than 0.1% of the majority of the companies identified. The rest are largely multinationals, such as Booking, Airbnb or Alphabet (Google), that are available and used all over the world and owned by a large number of investors. In addition, when La Caisse cannot exercise direct influence to encourage best practices, it does so through Federated Hermès, a globally recognized service provider specialized in shareholder engagement. We expect all of these companies to meet the highest standards wherever they operate. Lastly, La Caisse would like to reiterate that it has also ceased any new engagement in Israel and the Occupied Palestinian Territories. La Caisse also reaffirms that it acts at all times in full compliance with all requirements of Canadian law and will continue to act in accordance with international standards on this matter wherever it operates. La Caisse takes its responsibilities as a global investor very seriously and is committed to continue operating according to the highest standards of human rights. ABOUT LA CAISSE At La Caisse, formerly CDPQ, we have invested for 60 years with a dual mandate: generate optimal long-term returns for our 48 depositors, who represent over 6 million Quebecers, and contribute to Québec's economic development. As a global investment group, we are active in the major financial markets, private equity, infrastructure, real estate and private credit. As at December 31, 2024, La Caisse's net assets totalled CAD 473 billion. For more information, visit or consult our LinkedIn or Instagram pages.