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Globe and Mail
an hour ago
- Globe and Mail
Canadian Prime Minister Carney says trade talks with US resume after Canada rescinded tech tax
TORONTO (AP) — Canadian Prime Minister Mark Carney said late Sunday trade talks with U.S. have resumed after Canada rescinded its plan to tax U.S. technology firms. U.S. President Donald Trump said Friday that was suspending trade talks with Canada over its plans to continue with its tax on technology firms, which he called 'a direct and blatant attack on our country.' The Canadian government says 'in anticipation' of a trade deal 'Canada would rescind' the Digital Serves Tax. The tax was set to go into effect Monday. Carney's office said Carney and Trump have agreed to resume negotiations. 'Today's announcement will support a resumption of negotiations toward the July 21, 2025, timeline set out at this month's G7 Leaders' Summit in Kananaskis,' Carney said in a statement. Carney visited Trump in May at the White House, where he was polite but firm. Trump traveled to Canada for the G7 summit in Alberta, where Carney said that Canada and the U.S. had set a 30-day deadline for trade talks. Trump, in a post on his social media network last Friday, said Canada had informed the U.S. that it was sticking to its plan to impose the digital services tax, which applies to Canadian and foreign businesses that engage with online users in Canada. The digital services tax was due to hit companies including Amazon, Google, Meta, Uber and Airbnb with a 3% levy on revenue from Canadian users. It would have applied retroactively, leaving U.S. companies with a $2 billion U.S. bill due at the end of the month. Trump's announcement Friday was the latest swerve in the trade war he's launched since taking office for a second term in January. Progress with Canada has been a roller coaster, starting with the U.S. president poking at the nation's northern neighbor and repeatedly suggesting it would be absorbed as a U.S. state.
Globe and Mail
an hour ago
- Globe and Mail
Federal government rescinds digital services tax to advance trade talks with U.S.
The Canadian government says it's decided to rescind a digital services tax that led U.S. President Donald Trump to break off negotiations aimed at ending a damaging trade war between the United States and Canada. In a late Sunday announcement, Prime Minister Mark Carney's government said talks with the Trump administration would resume now that Canada has repealed the levy that applied to U.S. tech giants such as Amazon, Google parent Alphabet, Meta, Uber and Airbnb. Mr. Trump on Friday had announced the United States was 'terminating all discussions on trade with Canada' in response to the digital sales tax. First payments under the levy were due June 30 and the initial bill faced by big U.S. companies was expected to exceed US$2-billion. 'Prime Minister Carney and President Trump have agreed that parties will resume negotiations with a view towards agreeing on a deal by July 21, 2025,' the Canadian government said in a statement Sunday. The digital sales tax would have imposed a 3-per-cent levy on Canadian revenue from digital services exceeding $20-million that is earned by companies with at least $1.1-billion in global revenue. This includes revenue from search engines, social-media platforms and online marketplaces. With files from Canadian Press
CBC
2 hours ago
- CBC
E-bike shop in Surrey, B.C. destroyed in a weekend fire
Social Sharing Dozens of firefighters spent hours fighting a large blaze that destroyed an e-bike shop in Surrey, B.C. over the weekend. It took 36 firefighters about six hours to put out the fire at EV Revolution, an electric bike and scooter store in a strip mall, in the Whalley neighbourhood. The Surrey Fire Service was called to the scene at 104 Avenue and 139 Street on Saturday, just after 7 p.m. Mike McNamara, assistant chief of operations with the Surrey Fire Department, said crews initially entered the building, but were forced to retreat due to intense heat and thick smoke. Firefighters then shifted to a defensive attack from outside, as conditions inside quickly became too dangerous to continue. "[Firefighters] exited the building just in case the ceiling came down … and the ceiling did come down," McNamara said. No one was injured, but one firefighter was treated for heat exhaustion. Crews said the fire was declared out on Sunday around 1 a.m. In a statement shared after the fire, EV Revolution said it wanted to clear up speculation about the cause. "This fire was not started by e-bikes," according to the statement. "This fire was caused by an old outdated electrical system in the attic." The business said it had shut off all its power at 5 p.m. and the fire started two hours later. The Surrey Fire Department is still investigating the cause of the fire. In the meantime, McNamara confirmed lithium batteries in the building contributed to the fire's intensity once it was underway. "We know that the batteries did play a part in the fire load," he said. "The thermal runaway starts moving in the batteries and then they heat up quicker than they dissipate. And then that fire just grows and grows and it's very difficult to extinguish for us." WATCH | Concerns raised over e-bike batteries after hotel explosion: Concerns raised over e-bike batteries after hotel explosion 3 years ago Duration 1:59 Concerns are being raised about the safety of poor quality e-bike batteries after an overcharged or faulty one became the suspected cause of a deadly hotel fire in Vancouver. He said crews were fortunate the building had a firewall, which protected neighbouring businesses from more extensive damage. The plaza also has a grocery store, fitness centre and beauty supply shop. EV Revolution said it plans to move to a new location by August. The fire service is using the incident as a reminder for residents to be cautious with battery-powered devices heading into the summer. Fires caused by lithium-ion batteries have become more common in recent years, including some that have been fatal in Vancouver. McNamara said the department has created handouts to raise awareness of e-bike and e-scooter safety. Some of the tips include not using aftermarket chargers, as well as keeping them out of direct sunlight and hot vehicles, so they don't get too hot.
