Sault mayor joins CTV Your Morning to talk tariffs
CTV Your Morning host Anne-Marie Mediwake talks with Sault Ste. Marie Mayor Matthew Shoemaker about Trump's new 50% tariffs on steel and their impacts on the region.
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Globe and Mail
16 minutes ago
- Globe and Mail
LQWD Announces ATM Program to Support Ongoing Growth Initiatives
VANCOUVER, British Columbia, July 15, 2025 (GLOBE NEWSWIRE) -- LQWD Technologies Corp. (TSXV:LQWD) (OTCQX: LQWDF) (' LQWD ' or the ' Company ') a Canadian-based Bitcoin-backed company and provider of enterprise-grade infrastructure for the Bitcoin Lightning Network, is pleased to announce the launch of an at-the-market equity program (the ' ATM Program ') that allows the Company to issue up to $10,000,000 of common shares in the capital of the Company (the ' Common Shares ') from treasury to the public from time to time, at the Company's discretion. The ATM Program strengthens LQWD's ability to execute strategically and supports its strategy to rapidly accumulate Bitcoin as a core asset, which the Company uses to fuel and expand its global Lightning Network infrastructure. Bitcoin plays a vital role in LQWD's strategy, powering the Lightning Network and acting as a key long-term asset in the Company's treasury. Distributions of the Common Shares through the ATM Program will be made pursuant to the terms of an equity distribution agreement (the ' Equity Distribution Agreement ') dated July 15, 2025 between the Company and Haywood Securities Inc. (the ' Agent '). 'We continue to make strong progress, and with our recent financing now complete and the ATM in place, we're well-positioned to accelerate our next phase of growth,' said Shone Anstey, CEO of LQWD Technologies. ' Our vision is to lead in the Lightning Network ecosystem, with Bitcoin holdings remaining a core pillar of that strategy.' Pursuant to the Equity Distribution Agreement, upon delivery of a placement notice by the Company, if any, the Agent may sell the Common Shares in Canada only, including, without limitation, sales made directly on the TSX Venture Exchange (' TSXV ') or any other recognized marketplace upon which the Common Shares are listed or quoted or where the Common Shares are traded in Canada. No Common Shares will be offered or sold in the United States. The volume and timing of distributions under the ATM Program, if any, will be determined in the Company's sole discretion. The ATM Program will be effective until the earlier of the issuance and sale of all of the Common Shares issuable pursuant to the ATM Program and December 31, 2025, unless terminated prior to such date by the Company or the Agent. As Common Shares sold in the ATM Program will be issued and sold at the prevailing market price at the time of the sale, prices may vary among purchasers during the period of the distribution. The Company expects to use the net proceeds from the ATM Program for the continued development and growth of Company and its businesses, including future acquisitions, research and development, and marketing initiatives. Until applied, some or all of the net proceeds of the ATM Program, if any, may be held as cash balances in the Company's bank account or invested at the discretion of the Company. The offering under the ATM Program will be made pursuant to a prospectus supplement dated July 15, 2025 (the ' Prospectus Supplement ') to the Company's short form base shelf prospectus for the province of Québec and the amended and restated short form base shelf prospectus amending and restating the final short form base shelf prospectus dated April 11, 2024, for each of the provinces and territories of Canada, except Québec dated June 30, 2025 (the ' Base Shelf Prospectus '). Completion of the distribution under the Prospectus Supplement in its entirety will constitute a material fact and a material change for the Company in accordance with applicable securities legislation. The Prospectus Supplement, the Base Shelf Prospectus, and the Equity Distribution Agreement can be accessed under the Company's profile on SEDAR+ at and on the Company's website at Alternatively, the Agent will send copies of the Prospectus Supplement, the Base Shelf Prospectus and Equity Distribution Agreement, as applicable, upon request by email at ecm@ No securities regulatory authority has either approved or disapproved of the contents of this press release. This press release is for information purposes only and does not constitute an offer to sell or the solicitation of an offer to buy the Common Shares, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. About LQWD LQWD Technologies Corp. is advancing Bitcoin adoption through the Lightning Network, a second-layer solution that enables instant, low-cost transactions at scale. As one of the first public companies dedicated to Lightning infrastructure, LQWD operates a network of enterprise-grade nodes designed to earn transaction fees and support network liquidity. With a strategic Bitcoin treasury and infrastructure positioned for scalability, LQWD offers investors unique exposure to both the long-term appreciation of Bitcoin and the growing use of Lightning as a global payments solution. For further information: Ashley Garnot, President/Director Phone: 1.604.669.0912 Email: ashley@ Website: X: @LQWDTech Forward-Looking Statements This news release contains certain 'forward-looking statements'. All statements, other than statements of historical fact that address activities, events or developments that the Company believes, expects or anticipates will or may occur in the future are forward-looking statements. These forward-looking statements reflect the current expectations and beliefs of the Company based on information currently available to the Company. Such forward-looking statements include statements relating to the ATM Program, including the completion and anticipated timing for completion of the ATM Program, the potential size of the ATM Program, the Company's intended use of the net proceeds of the ATM Program, the receipt of all necessary regulatory approvals, including the approvals of the TSXV, and the Company's development and growth plans. Any such forward-looking information may be identified by words such as 'anticipate', 'proposed', 'estimates', 'would', 'expects', 'intends', 'plans', 'may', 'will', and similar expressions. Forward-looking statements are subject to significant risks and uncertainties and other factors that could cause the actual results to differ materially from those discussed in the forward-looking statements, and even if such actual results are realized or substantially realized, there can be no assurance that they will have the expected consequences to, or effects on the Company. Any forward-looking statement speaks only as of the date on which it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise. Although the Company believes that the assumptions inherent in the forward-looking statements are reasonable, forward-looking statements are not guarantees of future performance and accordingly undue reliance should not be put on such statements due to the inherent uncertainty therein. 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 release.
CTV News
17 minutes ago
- CTV News
Carney casts doubt on Canada securing a tariff-free deal with Trump
Canada's prime minister is forging ahead with plans to come to a trade agreement with the United States. CTV National's Colton Praill on the upcoming meeting. Most countries will likely have to accept some baseline tariff rate on their goods by the United States, Prime Minister Mark Carney signalled Tuesday morning, on his way into a meeting with his cabinet on Parliament Hill. 'There is not much evidence at the moment — from the deals, agreements and negotiations with the Americans, for any country or any jurisdiction — to get a deal without tariffs,' Carney said in French, when asked whether he believes it's possible to have the levies removed entirely. Canada, he added, is uniquely positioned to have effectively free trade with the United States. A slate of stacked U.S. tariffs on Canadian goods, as well as Canadian countermeasures, have been in place for months. Following the G7 summit in Kananaskis, Alta., last month, Carney signalled he and U.S. President Donald Trump agreed to iron out a trade deal before July 21. But, in a letter addressed to Carney and posted to Truth Social last week, Trump said he'll be hitting Canada with 35 per cent tariffs on Canadian products starting Aug. 1. Carney subsequently revised the deadline to reach a deal to that date. Carney also told reporters before Tuesday's cabinet meeting that he expects talks with the United States will 'intensify' in the next few weeks. 'At the same time, we need to recognize that the commercial landscape globally has changed,' he said. 'It has changed in a fundamental manner, and we will continue to focus on what we can most control, which is building a strong Canadian economy. It's part of what we'll be discussing at cabinet today.' The prime minister added that the situation needs to be 'stabilized,' especially for the sectors that are particularly affected by Trump's tariffs. Carney is also set to meet with Canada's premiers in Huntsville, Ont., next week. Carney comments a 'wake-up call': trade lawyer William Pellerin, an international trade lawyer with McMillan and former litigator for Canada in trade disputes with the United States, said Carney's comments on Tuesday can serve as a 'bit of a wake-up call for Canadians and Canadian businesses that we might not get back to a place of no tariffs.' Speaking to CTV News, Pellerin said businesses should prepare for that to be the case. Pellerin said there is 'a lot of scenario planning' underway for Canadian businesses and industry, while Carney's comments could be 'laying the groundwork or setting expectations' for Canadians. 'I think there's still quite a bit of optimism and hope that we will get to a reasonable place with the United States as our, by far, largest trading partner,' he said. 'But today might have been kind of the first opening, or the first time that we've really heard that we might not get there.' Speaking to reporters earlier on Tuesday, Carney indicated Canada has one of the lowest effective tariff rates compared to other countries. According to Pellerin, Canada is 'actually not doing terribly.' He said while there are some sectors that have been hit with more punishing tariffs — such as steel and aluminum — the vast majority of goods being compliant with the Canada-U.S.-Mexico free trade agreement brings the average, or effective, tariff rate down. 'If Canada could get to a place where we have just a very low baseline tariff that applies only to a certain subsect of products, I think we could be OK,' Pellerin said. 'But certainly, right now, the steel industry and others are really suffering.' Most prefer 'hard' approach to Trump: survey Amid the ongoing negotiations with the U.S., new data from the Angus Reid Institute show nearly two thirds of survey respondents want to see the Canadian government take a harder line. According to the new numbers, 63 per cent of people want to see a 'hard approach,' which the polling firm characterizes as 'refusing difficult concessions even if it means a worsening of trade relations with the U.S.' Meanwhile, 37 per cent of people prefer a 'soft approach,' which the firm considers 'making difficult concessions to keep a good relationship with our biggest trading partner.' 'When the political rhetoric trickles down to things like household income and people feeling secure or insecure as to whether or not they're going to have a job next year, that's really where we have to see how much of that elbows up rhetoric continues to hold,' said Angus Reid Institute president Shachi Kurl, in an interview with CTV News. The Angus Reid survey also laid out which concessions in which sectors — such as supply management, the digital services tax, fresh water, and defence spending, for example — Canadians may or may not be willing to make. The data from Angus Reid about a hard versus soft approach to negotiations were taken before Trump's letter threatening 35 per cent levies. Kurl said there was already a 'significant amount of division' among Canadians when it comes to their confidence in Carney's ability to effectively negotiate with Trump, even before the president's latest threat. Nearly half of respondents (48 per cent), she said, are confident the two leaders can hash out a deal, whether they trust Carney can negotiate one, or because they believe Trump will back down on his threat. Conversely, Kurl said, 45 per cent say they're not confident in an imminent deal, whether that's because they don't trust the prime minister, or because they believe Trump is 'too unpredictable and too capricious.' 'And therefore, no matter what we do, we can stand on our head, it still won't matter,' she said. 'So those really represent an almost even division between those who are confident and those who are not confident,' Kurl also said. With files from CTV News' Rachel Aiello and Colton Praill
CTV News
20 minutes ago
- CTV News
Putin ‘does not believe in any words, he believes in actions': Ukraine MP on Trump's tariff threats
Watch Ukrainian MP Alexey Goncharenko speaks on U.S. President Trump's threats of 100 per cent tariffs on Russia after the latest attacks on Ukraine.
