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.
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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.
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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.
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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.
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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.
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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
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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.
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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.
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'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.
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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.
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Vancouver, British Columbia--(Newsfile Corp. - July 28, 2025) - HYPER BIT TECHNOLOGIES LTD. (CSE: HYPE) (OTCID: HYPAF) (FSE: N7S0) (the "Company" or "Hyper Bit") announces it has advanced funds to DogeCoin Mining Technologies Corp. (" DogeCoin Mining") for the purchase of an additional ten (10) ElphaPex DG1+ miners for the mining of Dogecoin ("DOGE") and Litecoin ("LTC") bringing the total number of DG1+ miners purchased to date to twenty (20). These miners will be installed and professionally managed at the third party owned, 11 MW renewable energy powered facility in Quebec, Canada. The Company has secured preferential pricing of USD $5,400 per unit for a total purchase of USD $108,000 for the twenty mining units. To view an enhanced version of this graphic, please visit: Mr. Dallas La Porta, President, CEO and Director of Hyper Bit Technologies Ltd., stated:"We have now forwarded the necessary funds to complete our initial DG1+ Miner purchase order of twenty units and look forward to the installation of these mining rigs at the purpose built and professionally managed,11 MW renewable energy powered facility in Quebec, Canada. These high efficiency ASIC mining rigs will be deployed and optimized to commence Dogecoin and Litecoin mining operations." About Hyper Bit Technologies Ltd. Hyper Bit Technologies Ltd. is a forward-thinking, diversified technology company specializing in the acquisition, development, and strategic deployment of crypto mining operations and blockchain-based innovations. As global interest in digital assets accelerates-driven by the rise of blockchain, decentralized finance (DeFi), and increasing institutional and retail adoption-Hyper Bit is committed to unlocking value across the crypto ecosystem while delivering growth for our stakeholders. Hyper Bit Technologies Ltd. is a member of the Blockchain Association of Canada and the American Blockchain & Cryptocurrency Association. Stay informed on our latest developments by subscribing to Company updates at and follow us across our social media channels: TikTok, Instagram, and LinkedIn. Hyper Bit Technologies Ltd. is publicly listed in Canada (CSE: HYPE), the USA (OTCID: HYPAF) and in Europe (FSE: N7S0). ON BEHALF OF THE BOARD Dallas La Porta, President, CEO and Director FOR FURTHER INFORMATION, PLEASE CONTACT: Telephone: 1-604-602-4935 Facsimile: 1-604-602-4936 e-mail: team@ FORWARD-LOOKING STATEMENTS: This news release includes certain statements that may be deemed "forward-looking statements". All statements in this new release, other than statements of historical facts, that address events or developments that the Company expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Forward-looking statements in this news release includes statements related to the Proposed Transaction and related matters. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include market prices, continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made. Except as required by applicable securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change. No investment is without risk. Crypto currencies are particularly volatile and therefore particularly risky. Companies that are developing technologies and investing in crypto mining can potentially be adversely affected by its inherent volatility. Readers are cautioned to always consult an investment advisor to determine if an opportunity is right for you. Neither the Canadian Securities Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.
