Carney to brief premiers on U.S. trade discussions as Trump deadline bears down
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.
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@postmedia.com
U.S. senators meet with Carney, push to 'reinvigorate' CUSMA ahead of Trump deadline
U.S.-Canada trade talks back underway as Trump's wish list, from oil to DEI, keeps growing
Our website is the place for the latest breaking news, exclusive scoops, longreads and provocative commentary. Please bookmark nationalpost.com and sign up for our newsletters here.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
38 minutes ago
- Yahoo
Tucows Announces Timing for Q2 2025 Financial Results News Release and Management Commentary
TORONTO, July 24, 2025 /CNW/ - Tucows Inc. (NASDAQ: TCX) (TSX: TC) today announced that it will report its financial results for the second quarter ended June 30, 2025, via news release on Thursday, August 7, 2025 at 5:05 p.m. ET. Concurrent with the dissemination of its quarterly financial results news release at 5:05 p.m. ET on Thursday, August 7, 2025, management's pre-recorded audio commentary and transcript discussing the quarter and outlook for the Company will be posted to the Tucows website at Following management's prepared commentary, for the subsequent seven days, until Thursday, August 14, 2025, shareholders, analysts and prospective investors can submit questions to Tucows' management at ir@ Management will post responses to questions in an audio recording and transcript to the Company's website at on Tuesday, August 26, 2025, at approximately 5 p.m. ET. All questions will receive a response, however, questions of a more specific nature may be responded to directly. About TucowsTucows helps connect more people to the benefit of internet access through communications service technology, domain services, and fiber-optic internet infrastructure. Ting ( delivers fixed fiber Internet access with outstanding customer support. Wavelo ( is a telecommunications software suite for service providers that simplifies the management of mobile and internet network access; provisioning, billing and subscription; developer tools; and more. Tucows Domains ( manages approximately 24 million domain names and millions of value-added services through a global reseller network of over 35,000 web hosts and ISPs. Hover ( makes it easy for individuals and small businesses to manage their domain names and email addresses. More information can be found on Tucows' corporate website ( Tucows, Ting, Wavelo, and Hover are registered trademarks of Tucows Inc. or its subsidiaries. View original content to download multimedia: SOURCE Tucows Inc. View original content to download multimedia: Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
38 minutes ago
- Yahoo
Snow Lake Comments on Impacts of White House AI Plan on Nuclear Energy and Domestic U.S. Uranium Mining
Winnipeg, Manitoba--(Newsfile Corp. - July 24, 2025) - Snow Lake Resources Ltd., d/b/a Snow Lake Energy (NASDAQ: LITM) ("Snow Lake"), a uranium exploration and development company, provides comment on the White House AI Plan1 that specifically prioritizes the deployment of reliable power sources, such as nuclear energy, to underpin U.S. artificial intelligence ("AI") ambitions. Highlights The White House today released its AI plan entitled "Winning the Race - America's AI Action Plan" (the "AI Plan") The AI Plan focuses on building out American AI infrastructure as quickly as possible, and in particular, new energy sources at the technological frontier, such as advanced nuclear reactors The AI Plan reinforces the U.S. Administration's four executive orders (the "Nuclear Executive Orders") issued on May 22, 2025, designed specifically to accelerate the deployment of nuclear energy in the U.S. as the AI arms race between the U.S. and China continues to heat up The combined effect of the AI Plan, the Nuclear Executive Orders, and other executive orders targeting the domestic production of uranium, will help fast-track Snow Lake's Pine Ridge uranium project development timelines CEO Remarks "As we have commented previously, the world, and in particular the U.S., needs new uranium mines," said Frank Wheatley, CEO of Snow Lake. "As the current U.S. Administration continues to adopt policies designed to advance U.S. interests in AI, and to support the deployment of nuclear energy to underpin the vast demand for electricity from AI and its associated data centers, the U.S. will need new sources of primary uranium." Mr. Wheatley continued: "We firmly believe that with the release of the AI Plan, when combined with the ongoing U.S. Administration support for the rapid deployment of nuclear energy, and the acceleration of domestic U.S. production of uranium, we have an opportunity to fast-track the development of our Pine Ridge uranium project in Wyoming." White House AI Plan The White House released its AI Plan today, which is an action plan designed to enable the U.S. to achieve global dominance in AI. The AI Plan has three pillars: Innovation Infrastructure International diplomacy and security Of particular interest to Snow Lake is the second pillar – infrastructure. As the AI Plan states: "We need to build and maintain vast AI infrastructure and the energy to power it." The AI Plan goes on to provide that power sources need to be deployed as quickly as possible and embrace new energy generation sources at the technological frontier – including advanced nuclear reactor technology. With such strong support for the deployment of both conventional, and advanced, nuclear reactor technology, the U.S. will require more uranium. When coupled with the U.S. Administration's Executive Order of March 20, 2025 entitled "Immediate Measures to Increase American Mineral Production"2, these policies provide the tailwinds for Snow Lake to fast-track the development of the Pine Ridge uranium project to contribute to the U.S.'s needs for more primary uranium. About Snow Lake Resources Ltd. Snow Lake Resources Ltd., d/b/a Snow Lake Energy, is a Canadian mineral exploration company listed on (NASDAQ: LITM), with a global portfolio of critical mineral and clean energy projects. The Pine Ridge Uranium project is an exploration stage project located in Wyoming, United States, and the Engo Valley Uranium Project is an exploration stage project located in the Skeleton Coast of Namibia. Snow Lake also holds a portfolio of additional exploration stage critical minerals projects located in Manitoba, as well as investments in a number of public companies with critical minerals assets. Learn more at Forward-Looking Statements: This press release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934 and the "safe harbor" provisions under the Private Securities Litigation Reform Act of 1995 that are subject to substantial risks and uncertainties. All statements, other than statements of historical fact, contained in this press release are forward-looking statements, including without limitation statements with regard to Snow Lake Resources Ltd. We base these forward-looking statements on our expectations and projections about future events, which we derive from the information currently available to us. Forward-looking statements contained in this press release may be identified by the use of words such as "anticipate," "believe," "contemplate," "could," "estimate," "expect," "intend," "seek," "may," "might," "plan," "potential," "predict," "project," "target," "aim," "should," "will," "would," or the negative of these words or other similar expressions, although not all forward-looking statements contain these words. Forward-looking statements are based on Snow Lake Resources Ltd.'s current expectations and are subject to inherent uncertainties, risks and assumptions that are difficult to predict. Further, certain forward-looking statements are based on assumptions as to future events that may not prove to be accurate. Some of these risks and uncertainties are described more fully in the section titled "Risk Factors" in our registration statements and annual reports filed with the Securities and Exchange Commission. Forward-looking statements contained in this announcement are made as of this date, and Snow Lake Resources Ltd. undertakes no duty to update such information except as required under applicable law. Contact and InformationFrank Wheatley, CEO Investor RelationsInvestors:ir@ Follow us on Social MediaTwitter: 1 2 To view the source version of this press release, please visit Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
38 minutes ago
- Yahoo
Loblaw's Q2 profit up from a year ago amid higher customer traffic
BRAMPTON — Loblaw Companies Ltd. reported its second-quarter profit rose compared with a year ago as the company says customer traffic, basket size and item count all increased year-over-year. The parent company of Loblaws and Shoppers Drug Mart says its net earnings available to common shareholders amounted to $714 million or $2.37 per diluted share for the quarter ended June 14. The result was up from a profit of $457 million or $1.48 per diluted share in the second quarter of 2024. On an adjusted basis, Loblaw says it earned $2.40 per diluted share in its latest quarter, up from an adjusted profit of $2.15 per diluted share a year earlier. Revenue for the quarter totalled $14.7 billion, up from $13.9 billion, as food retail same-store sales rose by 3.5 per cent. Drug retail same-store sales rose 4.1 per cent, with pharmacy and health care services same-store sales up 6.2 per cent, and front store same-store sales increasing 1.7 per cent. This report by The Canadian Press was first published July 24, 2025. Companies in this story: (TSX:L) The Canadian Press Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
