Carney ministers told to cut billions from federal spending
The bigger-than-expected drive to reduce spending was billed as 'ambitious' in a letter sent to all cabinet members Monday by Finance Minister François-Phillippe Champagne and Treasury Board President Shafqat Ali.
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37 minutes ago
Stepping off the Trump treadmill: A CBC correspondent bids farewell to Washington
I got a journalism tip over drinks from a veteran Canadian correspondent when I first landed in Washington more than a decade ago — a formula for stories guaranteed to thrill audiences back home. In summary? The more ridiculous Americans look, the better. Guns, rednecks, cultural stereotypes, I was told, if you've got that, you've got gold. Canadians eat that stuff up. The exchange never left me. As I depart Washington a dozen years later, it's still on my mind, and not because it was inaccurate. I'll confess, on occasion, I had my fun. A piece of personal trivia: I met Lauren Boebert years before she became famous as a rabble-rousing congresswoman. I popped into her restaurant near the foothills of the Rocky Mountains whose main news draw was that the waitresses all carried guns. It's not just the fried jalapeños packing heat, is how I began my Canadian Press story (new window) . "A spicy hamburger, here, comes with a side of handgun." Over time, though, that type of story got old. Like gorging on empty calories — briefly fun, ultimately unfulfilling. Here I was, reporting from a nation that's won more Nobel Prizes (new window) than a string of runners-up combined. It's produced a staggering number of patents (new window) , thriving metropolises (new window) , inventions spanning the assembly line to the internet, not to mention the blues, jazz and rock 'n' roll. READ | All of Alex Panetta's stories for CBC (new window) Surely there were more useful tales from this place? Surely it's more than a backdrop for ego-stroking entertainment — a comedy to mock, a tragedy to pity. To be fair, every country has its quirks, flaws and tragedies. But we'll talk politics in a second. The America behind the camera Let's start with an accurate stereotype. Anybody in our community of foreign correspondents can confirm it: Americans are easy to interview. Absent rare exceptions, they love to talk. This can be jarring to a foreigner, especially if you come from a country with a culture rich in talking points and No comment responses. But here, you stick a mic in someone's face, and before you know it, you're invited into the kitchen, you're having coffee, your notepad's suddenly filling up with their life story. I'm thinking of all those people who spilled their lives out to me, a total stranger. People who've cried, even offered me hugs when I left. I was blessed to criss-cross this country and talk to people thousands of kilometres apart — literally and figuratively. People who, if seated together, might barely last a minute chatting politics without arguing. But they shared a willingness to talk to me, and, by extension, to you. They like Canadians, by the way; even now (new window) , the vast majority of Americans do. The feeling lately is not mutual (new window) . The news from Washington has Canadians aggrieved and angry. There's plenty to be aggrieved about. Much of the news is disturbing lately. But the news is a finite window onto the world. Its lens captures tragedy, better than it does the countless cases of everyday decency. Like the 100-year-old woman I just met — on a sidewalk, protesting because she's worried about health care and education for future generations. I stopped seeing the U.S. as a two-dimensional entity on a screen as it became the surroundings of my life, filled with people and places in three dimensions. What I encountered was layer after layer, of story after story, and found it harder to tell. It's more work, and less fun, writing stories sprinkled with qualifiers — however s and although s and not quite s. I'll pick a classic example of our national difference: health care. The canonical story is straightforward — it's public in Canada, private in the U.S., and that's how it goes. The reality's messier. Nearly 40 per cent of Americans have public health care (new window) . In Canada, it's 72 per cent (new window) publicly funded. It's a notable difference, yes, but perhaps not Venus and Mars. A decade-plus on the Trump treadmill I recall a specific case of starting to see the world through American eyes. It was the day of the school massacre in Uvalde, Texas (new window) , in 2022. I read a take from a European commentator who felt no sympathy for Americans — after all, he said, these people keep voting for this. He saw the country as an entity. I saw my toddler. She mentioned a delightful teacher of hers during the ride home from daycare that day. I had just read about a teacher murdered while defending students, and I remember feeling my chest and throat flip upside-down in the car. I was enraged when I read that commentator's casual slur. Reducing this place to an amoral monolith wasn't just cruel — it ignored this country's reality of constant debate, fierce fights and razor-thin politics, where a fraction of one per cent of the electorate shifting across three states can alter the course of history. Now let's talk about Donald Trump. We can only avoid him for so long. Here's a snapshot of life covering this president. It's top of mind because it happened to unfold on June 4, while I was planning this piece. It all occurs within 22 minutes. It's bathtime. I'm preparing the kids for bed. One, two, three major news stories land while I'm soaping, shampooing and towelling. Here's my perspective as the White House emails a string of executive orders, as experienced through my smartwatch: There's no time to cover any of them the next day. By then, Trump is at war with Elon Musk (new window) . A day later, a twist in a burgeoning constitutional crisis (new window) . And there's a tense standoff — masked immigration officers against protesters, escalating Trump's battle (new window) against the state of California, in which he eventually shatters generations of precedent (new window) by taking over the state National Guard. WATCH | The final days of the Trump-Musk bromance: Début du widget Widget. Passer le widget ? Fin du widget Widget. Retourner au début du widget ? Will Donald Trump and Elon Musk destroy each other? | About That How did two of the most powerful men on the planet — Donald Trump and Elon Musk — go from friends to foes embroiled in a public meltdown? Andrew Chang explains what drove a wedge between them and why it may be in their best interests to reconcile sooner rather than later. Images provided by Getty Images, The Canadian Press and Reuters. (Additional credits: 4:35 - MSNBC/YouTube; 4:37 - CNN/YouTube; 4:29 - CBS News/YouTube) By the end of the month, he'd bombed Iran, threatened new tariffs, suspended trade talks with Canada, then un-suspended them. It's a marathon. Except when you're about to reach the finish line, someone moves it another few dozen kilometres down the road. Watching a political system fall apart I thought it was over on Jan. 6, 2021. I stood among the crowd that stormed the U.S. Capitol on Trump's behalf. Indelible memories of that day include riding on the Washington, D.C., metro, hearing Trump supporters speculate about a military execution for Vice-President Mike Pence. One scene that stuck with me was rioters berating police for not joining them. A man in his 60s, standing in the street with a buddy, heckled officers (new window) : What side are you on? This is the kind of scene that happens at the outset of a civil war in countless other places: Who are the police backing? What about the army? It just doesn't happen across the river from the Pentagon. Not between the Capitol and the White House, on, of all places, Constitution Avenue . So I briefly thought Trump was finished. That assessment was fleeting. I'd written before (new window) Jan. 6, and wrote again after, about him coming back. WATCH | How the U.S. Capitol riot unfolded: Début du widget Widget. Passer le widget ? Fin du widget Widget. Retourner au début du widget ? How the siege on the U.S. Capitol unfolded CBC News' David Common breaks down what happened on Capitol Hill on Wednesday and how U.S. President Donald Trump stoked discontent among his supporters before he lost the election. It became obvious by 2023 that he could be president again, and I listed his plans (new window) for a second term. Most of what he's doing now was in the platform. His plans included a global trade war, which I started writing about (new window) more than a year ago (new window) . It's been more chaotic than expected, but it was coming. After he won, I wrote that Trump would squeeze Canada (new window) on three fronts: trade, the border and military spending. And here we are. AnalysisThree ways this Canada-U.S. dispute will end (new window) I saw him nominated twice, inaugurated twice, come back from a shooting (new window) once, convicted once, and I spent so many hours seated behind him in a Manhattan courtroom that if you gave me a pen and a cocktail napkin, I could sketch from memory a patent application for that inimitable hairdo. WATCH | Alex Panetta on Trump being convicted of falsifying business records in May 2024: Début du widget Widget. Passer le widget ? Fin du widget Widget. Retourner au début du widget ? CBC's Alex Panetta was in the courtroom as the Trump verdict came in. Here's what he saw Alex Panetta, a Washington correspondent for CBC News, was in the New York courtroom on Thursday when the jury read out the verdict convicting former U.S. president Donald Trump of 34 charges. Here's what he saw. The most important story is still unfolding. After his first-term near-overthrow of a constitutional republic, and his second-term stress-test (new window) on it, we're on the precipice of the previously unthinkable: the United States of America losing its ranking as a full-fledged democracy. I felt a disorienting melancholy as I typed those words in a story earlier (new window) this year. AnalysisThis arrest is not the legal threat Trump dreads most (new window) Had I remained here through 2028, I'd have been covering Trump's story for 13 years. A country of optimists loses faith I'll never forget my first morning in Washington, in 2013. It was love at first sight. On a morning walk north of Dupont Circle, I got John F. Kennedy's pollster on the phone for stories (new window) about the 50th anniversary of his death. An elderly Lou Harris described how JFK had sent him on a secret mission to Canada, carrying a fake passport, to help Lester Pearson defeat John Diefenbaker. Foreign election interference? The Russians didn't invent it. I received this oral history lesson while strolling about pastel-coloured Victorian rowhouses, and while it was almost December, it was as balmy as late summer, the trees still blazing red and yellow. I recall thinking, I'm never leaving here. AnalysisThe Jan. 6 case against Trump: He knew he was lying (new window) But now I am leaving. For a couple of years, at least. I'm going to get a master's in artificial intelligence policy, spend more time with my kids and join my wife on a diplomatic posting. I got advice when I arrived here; now I'm happy to give some. There are little tricks for finding news that affects Canada. The U.S. domestic story presents a separate challenge. One day, you'll cover Trump courting a constitutional crisis; the next, he'll do something outrageous, controversial, the cable networks will be all over it, but it might be legal, even popular, and it's your job to figure out which story matters. Good luck! Also: Never forget that Trump didn't emerge in a vacuum. He identified problems Americans had concluded their political class failed to solve. Survey after survey shows Americans gloomy (new window) about the state of their country, and Trump found a receptive audience. WATCH | How Trump pulled off a comeback: Début du widget Widget. Passer le widget ? Fin du widget Widget. Retourner au début du widget ? How Trump pulled off his historic comeback win n a stunning political comeback, Donald Trump expanded his coalition with more popular support than ever. The National asks political strategists Kevin Sheridan and Aisha Mills to break down his winning campaign, and what the next four years could hold. A famously optimistic people has lost faith (new window) in its institutions (new window) . That celebrated ingenuity? It's fallen behind China in patents per capita (new window) . Life expectancy? Down (new window) , too. Note that areas suffering the most opioid deaths swung most heavily (new window) to Trump. Because it's more impactful hearing this from one of Trump's supporters, I'll quote Tucker Carlson: Happy countries don't elect Donald Trump president. Desperate ones do. Trump set the tone by launching his political career 10 years ago this month in a speech laced with bigotry (new window) . He promised renewed greatness if America stood up to three forces, all foreign: illegal immigration, trade deals and military spending overseas. I became increasingly convinced Trump would win again as the election approached last year. I visited a bellwether district in Pennsylvania, talking to less politically engaged voters — working-class folks in an overwhelmingly Latino area (new window) . They were upset about inflation (new window) . They weren't reading mainstream news. And they certainly weren't following the specifics about just who had (new window) stalled Joe Biden's agenda; they blamed the party in power, the Democrats. 2024 U.S. presidential election results (new window) Trump managed to reach apolitical voters (new window) like these. Democrats haven't (new window) . The parts of the country that are politically engaged are hyper-polarized, and I got to report on the different poles. I spent time with people on both sides of heated fights — the Canadian-connected Keystone XL oil pipeline; policing and crime; water rights; and migration. I've stood at the Mexican border, talking to families about their perilous journey. I've also walked that desert with members of a militia clutching AR-15s, and heard from locals fed up with illegal crossing. I only experienced hostility once. In the runup to Jan. 6, outside a Trump rally, a supporter started swearing, pulling middle fingers, trying to rile up the crowd as reporters boarded the media bus, shouting: Fake news! Hey everybody, it's the fake news bus! That was it. It's the only hostility I encountered in 12 years as a reporter in the U.S. I never encountered any as a Canadian — just one yappy guy at a hockey game. A story to remember My favourite story involved a road trip. The country was reopening during the COVID-19 pandemic. Vaccines were being distributed. And I visited a place I called the fertile crescent of American song, a small sliver of geography that gave the world the blues, rock 'n' roll and country music. The musical soil was sprouting back to life in a Mississippi blues joint, in Elvis Presley's first recording studio in nearby Memphis and on the Grand Ole Opry stage in Nashville. It wasn't an entirely happy story — it rarely is. COVID wasn't over. But this was mostly joyful. It was about humans doing their thing again, in a language without borders. It's an extraordinary country. I won't pretend I'm not worried about it. But I'm pulling for it. WATCH | CBC visits a region renowned for music as it emerges from COVID lockdown: Début du widget Widget. Passer le widget ? Fin du widget Widget. Retourner au début du widget ? Post-pandemic life: The party's back in a U.S. region renowned for music Post-pandemic life has started in the U.S. with bars, restaurants and concert halls filling with people and it's bringing the party back to a region renowned for its live music scene. Oh, wait, sorry. I'd planned to end my piece right there but just remembered something I feel compelled to add. I am emphatically not rooting for the United States on one specific front: international ice hockey. In that domain, I crave its defeat, and that's exactly what happened as I watched February's Four Nations final from New Orleans. A funny thing occurred, though. I received celebratory texts from American friends and neighbours. A couple said they were rooting for Canada — they didn't like our country being insulted, and wanted it to win. I never put that in a news story. But I thought you should hear it. It's a big, complicated country, with people who defy clichés. You won't see them all on TV, but they're every bit as American. And they're still there. Alexander Panetta (new window) · CBC News
Cision Canada
an hour ago
- Cision Canada
The all-new Kia EV5 set to arrive in Canada Spring 2026 Français
The EV5 is exclusive to Canada for the North American market One of three all-new EV vehicles to arrive in 2026 Produced at the Kia Gwangju plant in South Korea for the Canadian market Expected to arrive in spring 2026 TORONTO, July 8, 2025 /CNW/ - Kia Canada announces the arrival timing of one of three all-new electric vehicles coming to market next year. Exclusive to Canada for the North American market, the EV5 enters into the largest vehicle segment in Canada in Spring 2026. This all-new EV SUV will be one of three cost accessible EVs that arrive in 2026 accelerating the success already achieved with EV6 and EV9. The EV5 will increase the adoption of EVs by overcoming the affordability barrier that exists within the automotive landscape. EV5 has leading design, a spacious interior cabin, matched to the benefits of Kia's top-selling SUVs, and the advantage of being battery powered. Production for the Canadian market will take place at the Kia Autoland Gwangju plant in South Korea. This state-of-the-art plant is designed to support Kia's expansion into the EV market. Pricing, final specifications and estimated range of the EV5 will be confirmed closer to launch. Signature Design Cues that Command the Road Built on the foundation of Kia's design philosophy, 'Opposites United,' EV5 is inspired by the 'Bold for Nature' pillar, based on interaction with nature, informed by the details, shapes and proportions found both in the natural and human worlds. Taking many styling cues from the company's flagship EV9, parallels are observed in the structured, confident exterior lines and commanding stance that EV5 exhibits. Kia's signature EV 'tiger face' grille and unmistakable 3-dimensional star map lighting pattern will have the EV5 standing out on the road like no other. Along the side, it is sculpted for a dynamic silhouette giving it a dignified and voluminous stance, that will harmonize with the available 18, 19 and 20-inch alloy wheel designs. Cohesiveness continues through to the rear of the vehicle, tied together with combination taillights and a spoiler which not only elongates the vehicle, but provides aerodynamic support as well. EV5 will be available in 8 different colours, two that are completely new to Kia, Magma Red and Frost Blue. Intersection of Sport-Inspired and Luxury The EV5's exterior sportiness is brought into the interior, and complimented by luxury appointments throughout, elevating the ownership atmosphere. With soft-touch surfaces and minimalist aesthetic, EV5 will contain the brand's 10 environmentally mindful materials, in line with other Kia EVs, in an effort to innovate and modernize its vehicle interiors. Upon entering the cabin, nearly 30 inches of panoramic screen greet the driver's view, the conduit to all of the necessary conveniences and functionalities the EV5 will deliver on. With total seating for five passengers, comfort is not only limited to the applied materials, but also in dimensions for shoulder width and legroom for optimal well-being. Extending the experience one step further is consideration for ambiance with available mood lamp, which can be adjusted at leisure to match the occupant's style. Storage is ample throughout the entire cabin, especially in the console area, partly in thanks to the shifting mechanism being mounted to the steering column. Cargo capacity will be generous, especially with the completely flat-folding second-row seats and the benefit of additional storage space in the front trunk for items like an adapter or charging cable. Power of Choice, Choice of Power Customers will be given an abundance of choice when it comes to EV5. Starting with the power unit, two battery size options will be available: a standard range 60.3 kWh and a long range 81.4 kWh. With various trim options to select from, the EV5 will have availability in front wheel drive and all-wheel drive, suitable for all types of driving styles and conditions in Canada. Owners will also benefit from access to more DC fast charging outlets across the country, as the EV5 will be equipped with the North American Charging Standard (NACS) port. About Kia Canada Kia Canada Inc., founded in 1999, is a subsidiary of Kia Corporation based in Seoul, South Korea. Kia offers award winning products that are dynamic, stylish and innovative and services that are meaningful and convenient through a network nearly 200 dealers across the country. The company's brand slogan – 'Movement that inspires' reflects Kia's desire to create the space for you to get inspired and more time to bring your ideas to life. To learn more, visit or Facebook, LinkedIn, Twitter and Instagram.
Cision Canada
an hour ago
- Cision Canada
THESIS GOLD CLOSES C$27.5 MILLION UPSIZED BOUGHT DEAL PRIVATE PLACEMENT
VANCOUVER, BC, /CNW/ - Thesis Gold Inc. ("Thesis" or the "Company") (TSXV: TAU) (WKN: A3EP87) is pleased to announce that it has completed its previously announced underwritten offering, including the full exercise of the over-allotment option, for gross proceeds of approximately C$27.5 million (the "Offering"). The Offering consisted of (i) 5,770,000 common shares of the Company issued as "flow-through shares" with respect to "Canadian exploration expenses" (each within the meaning of the Income Tax Act (Canada)) (the "BC CEE Flow-Through Shares") at a price of C$1.56 per BC CEE Flow-Through Share for aggregate gross proceeds of C$9,001,200; (ii) 11,114,000 common shares of the Company issued as "flow-through shares" with respect to "Canadian exploration expenses" (each within the meaning of the Tax Act) ("National CEE Flow-Through Shares") at a price of C$1.445 per National CEE Flow-Through Share for aggregate gross proceeds of C$16,059,730 and (iii) 1,930,000 common shares of the Company issued as "flow-through shares" with respect to "Canadian exploration expenses" (each within the meaning of the Tax Act) ("Traditional Flow-Through Shares") at a price of C$1.30 per Traditional Flow-Through Share for aggregate gross proceeds of C$2,509,000 (the BC CEE Flow-Through Shares, the National CEE Flow- Through Shares and the Traditional Flow-Through Shares are, collectively referred to as the "Flow-Through Shares"). Existing shareholder Centerra Gold Inc. ("Centerra") participated in the Offering to maintain its shareholder interest in the Company. The gross proceeds of the Offering will be used by the Company to incur eligible "Canadian exploration expenses" that qualify as "flow-through mining expenditures" as such terms are defined in the Income Tax Act (Canada) (the "Qualifying Expenditures") related to the Lawyers Ranch project in British Columbia. Qualifying Expenditures with respect to the BC CEE Flow-Through Shares with also qualify as "BC flow-through mining expenditures" as such term is defined in the Income Tax Act (British Columbia). All Qualifying Expenditures will be renounced in favour of the subscribers for the Flow-Through Shares effective on or before December 31, 2025. Scotiabank acted as sole bookrunner, together with Clarus Securities Inc. as co-lead underwriter, on behalf of a syndicate of underwriters which also included Haywood Securities Inc., Jett Capital Advisors, LLC, National Bank Financial Inc. and Cormark Securities Inc. (collectively, the "Underwriters"). The Underwriters received a cash commission equal to 6.0% of the gross proceeds from the Offering, paid from the Company's existing cash reserves. All securities issued pursuant to the Offering are subject to a four-month hold period expiring on November 9, 2025, in accordance with the policies of the TSX Venture Exchange ("TSXV") and applicable securities laws. The Offering is subject to final approval by the TSXV. The securities issued under the Offering have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the U.S. Securities Act"), or any U.S. state securities laws, and may not be offered, sold or resold in the "United States" (as such term is defined in Regulation S under the U.S. Securities Act) with registration under the U. S. Securities Act and all applicable U.S. state securities laws, or in compliance with an exemption therefrom. This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in the United States or in any other jurisdiction in which such offer, solicitation or sale would be unlawful. About Thesis Gold Inc. Thesis Gold Inc. is a resource development company focused on unlocking the potential of its 100% owned Lawyers-Ranch Project, located in British Columbia's prolific Toodoggone Mining District. The recently completed Preliminary Economic Assessment (PEA) highlights robust project economics, including a 35.2% after-tax IRR and an after-tax NPV5% of C$1.28 billion, demonstrating the potential for significant value creation. The Company's 2025 roadmap includes a robust exploration and drill program, delivery of a Pre-Feasibility Study on the combined Lawyers-Ranch Project, and commencement of the Environmental Impact Assessment Process. Through these strategic moves, Thesis Gold intends to elevate the Lawyers-Ranch Project to the forefront of global precious metals ventures. 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 press release. Cautionary Statement Regarding Forward-Looking Information This press release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. Forward-looking information includes, without limitation, statements regarding the use of proceeds in respect of the Offering, final approval of the TSXV, and the future plans or prospects of the Company. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward-looking statements are necessarily based upon a number of assumptions that, while considered reasonable by management, are inherently subject to business, market, and economic risks, uncertainties, and contingencies that may cause actual results, performance, or achievements to be materially different from those expressed or implied by forward-looking statements. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated, or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. Other factors which could materially affect such forward-looking information are described in the risk factors in the Company's most recent annual management's discussion and analysis, which is available on the Company's profile on SEDAR+ at The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.
