Braid: Carney promises development but keeps the Trudeau laws that hinder it
The long-threatened emissions cap on oil and gas is set to come into force on Jan. 1, 2026.
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By 2030-32, emissions would have to be 27 per cent below 2026 levels.
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New pipelines will require more production. Even with expanded carbon capture, the standard is surely impossible to meet.
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There's also the so-called clean electricity regulations, aimed mainly at Alberta's natural gas-fired grid.
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Those are probably her two absolutes in talks going on with Ottawa right now. In the premier's view, they must go.
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The new federal project bill, for instance, can provide carve-outs for listed projects so they don't fall into the hands of the Impact Assessment crew.
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If that really happens, approvals for national projects could come more quickly.
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Among the premiers, there's talk about export pipelines to Churchill in Manitoba, and even James Bay in Ontario.
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But another pipeline is more urgent, and probably preferred by Ontario Premier Doug Ford.
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Enbridge's Line 5 ships Canadian oil and natural gas liquids through the U.S. and then back to Canada.
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Supply to Ontario and Quebec is at risk of shut-off either by the state of Wisconsin or U.S. President Donald Trump, if he's in the mood one day.
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A revised line that stays entirely in Canada is essential for national security and the economy.
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Toronto Sun
37 minutes ago
- Toronto Sun
Trump sends out tariff letters to 7 more countries but avoids major US trade partners
Published Jul 09, 2025 • 4 minute read Donald Trump speaks to reporters at Joint Base Andrews in Maryland on July 3. Photo by Andrew Caballero-Reynolds / Photographer: Andrew Caballero-R WASHINGTON — President Donald Trump sent out tariff letters to seven smaller U.S. trading partners on Wednesday with a pledge to announce import taxes on other countries later in the day. This advertisement has not loaded yet, but your article continues below. THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY Subscribe now to read the latest news in your city and across Canada. Unlimited online access to articles from across Canada with one account. Get exclusive access to the Toronto Sun ePaper, an electronic replica of the print edition that you can share, download and comment on. Enjoy insights and behind-the-scenes analysis from our award-winning journalists. Support local journalists and the next generation of journalists. Daily puzzles including the New York Times Crossword. SUBSCRIBE TO UNLOCK MORE ARTICLES Subscribe now to read the latest news in your city and across Canada. Unlimited online access to articles from across Canada with one account. Get exclusive access to the Toronto Sun ePaper, an electronic replica of the print edition that you can share, download and comment on. Enjoy insights and behind-the-scenes analysis from our award-winning journalists. Support local journalists and the next generation of journalists. Daily puzzles including the New York Times Crossword. REGISTER / SIGN IN TO UNLOCK MORE ARTICLES Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account. Share your thoughts and join the conversation in the comments. Enjoy additional articles per month. Get email updates from your favourite authors. THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK. Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account Share your thoughts and join the conversation in the comments Enjoy additional articles per month Get email updates from your favourite authors Don't have an account? Create Account None of the countries targeted in the letters — the Philippines, Brunei, Moldova, Algeria, Libya, Iraq and Sri Lanka — is a major industrial rival to the United States. It's a sign that a president who has openly expressed his love for the word 'tariff' is still infatuated with the idea that taxing trade will create prosperity for America. Most economic analyses say the tariffs will worsen inflationary pressures and subtract from economic growth, but Trump has used the taxes as a way to assert the diplomatic and financial power of the U.S. on both rivals and allies. His administration is promising that the taxes on imports will lower trade imbalances, offset some of the cost of the tax cuts he signed into law on Friday and cause factory jobs to return to the United States. Your noon-hour look at what's happening in Toronto and beyond. By signing up you consent to receive the above newsletter from Postmedia Network Inc. Please try again This advertisement has not loaded yet, but your article continues below. Trump, during a White House meeting with African leaders talked up trade as a diplomatic tool. Trade, he said, 'seems to be a foundation' for him to settle disputes between India and Pakistan, as well as Kosovo and Serbia. 'You guys are going to fight, we're not going to trade,' Trump said. 'And we seem to be quite successful in doing that.' On Monday, Trump placed a 35% tariff on Serbia, one of the countries he was using as an example of how fostering trade can lead to peace. Trump said the tariff rates in his letters were based on 'common sense' and trade imbalances, adding that he would be sending a letter on Wednesday or Thursday to Brazil. Trump suggested he had not thought of penalizing the countries whose leaders were meeting with him in the Oval Office — Liberia, Senegal, Gabon, Mauritania and Guinea-Bissau — as 'these are friends of mine now.' This advertisement has not loaded yet, but your article continues below. Countries are not complaining about the rates outlined in his letters, he said, even though those tariffs are close to the ones announced April 2 that rattled financial markets. The S&P 500 index was up slightly in Wednesday afternoon trading. 'We really haven't had too many complaints because I'm keeping them at a very low number, very conservative as you would say,' Trump said. Officials for the European Union, a major trade partner and source of Trump's ire on trade, said Tuesday that they are not expecting to receive a letter from Trump listing tariff rates. The Republican president started the process of announcing tariff rates on Monday by hitting two major U.S. trading partners, Japan and South Korea, with import taxes of 25%. This advertisement has not loaded yet, but your article continues below. According to Trump's letters, imports from Libya, Iraq, Algeria and Sri Lanka would be taxed at 30%, those from Moldova and Brunei at 25% and those from the Philippines at 20%. The tariffs would start Aug. 1. The Census Bureau reported that last year U.S. ran a trade imbalance on goods of $1.4 billion with Algeria, $5.9 billion with Iraq, $900 million with Libya, $4.9 billion with the Philippines, $2.6 billion with Sri Lanka, $111 million with Brunei and $85 million with Moldova. The imbalance represents the difference between what the U.S. exported to those countries and what it imported. Taken together, the trade imbalances with those seven countries are essentially a rounding error in a U.S. economy with a gross domestic product of $30 trillion. This advertisement has not loaded yet, but your article continues below. The letters were posted on Truth Social after the expiration of a 90-day negotiating period with a baseline levy of 10%. Trump is giving countries more time to negotiate with his Aug. 1 deadline, but he has insisted there will be no extensions for the countries that receive letters. Maros Sefcovic, the EU's chief trade negotiator, told EU lawmakers in Strasbourg, France, on Wednesday that the EU had been spared the increased tariffs contained in the letters sent by Trump and that an extension of talks until Aug. 1 would provide 'additional space to reach a satisfactory conclusion.' Trump on April 2 proposed a 20% tariff for EU goods and then threatened to raise that to 50% after negotiations did not move as fast as he would have liked, only to return to the 10% baseline. The EU has 27 member states, including France, Germany, Italy and Spain. This advertisement has not loaded yet, but your article continues below. The tariff letters are worded aggressively in Trump's style of writing. He frames the tariffs as an invitation to 'participate in the extraordinary Economy of the United States,' adding that the trade imbalances are a 'major threat' to America's economy and national security. The president threatened additional tariffs on any country that attempts to retaliate. He said he chose to send the letters because it was too complicated for U.S. officials to negotiate with their counterparts in the countries with new tariffs. It can take years to broker trade accords. Japanese Prime Minister Shigeru Ishiba interpreted the Aug. 1 deadline as a delay to allow more time for negotiations, although he cautioned in remarks that the tariffs would hurt his nation's domestic industries and employment. Malaysia's trade minister, Zafrul Aziz, said Wednesday that his country would not meet all of the U.S. requests after a Trump letter placed a 25% tariff on its goods. Aziz said U.S. officials are seeking changes in government procurement, halal certification, medical standards and digital taxes. Aziz he indicated those were red lines. Secretary of State Marco Rubio is set to arrive Thursday in Malaysia's capital of Kuala Lumpur. RECOMMENDED VIDEO Olympics Basketball Uncategorized Toronto & GTA Toronto & GTA
Toronto Sun
38 minutes ago
- Toronto Sun
GOLDSTEIN: Trump forcing us to admit our own economic failures
Prime Minister Mark Carney greets U.S. President Donald Trump during an arrival ceremony at the G7 Summit in Kananaskis, Alta., on June 16, 2025. Photo by STEFAN ROUSSEAU/POOL / AFP via Getty Images Canadians should be asking themselves why it took an American president launching a trade war against us for our federal and provincial governments to finally start addressing our economic problems they should have fixed decades ago. This advertisement has not loaded yet, but your article continues below. THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY Subscribe now to read the latest news in your city and across Canada. Unlimited online access to articles from across Canada with one account. Get exclusive access to the Toronto Sun ePaper, an electronic replica of the print edition that you can share, download and comment on. Enjoy insights and behind-the-scenes analysis from our award-winning journalists. Support local journalists and the next generation of journalists. Daily puzzles including the New York Times Crossword. SUBSCRIBE TO UNLOCK MORE ARTICLES Subscribe now to read the latest news in your city and across Canada. Unlimited online access to articles from across Canada with one account. Get exclusive access to the Toronto Sun ePaper, an electronic replica of the print edition that you can share, download and comment on. Enjoy insights and behind-the-scenes analysis from our award-winning journalists. Support local journalists and the next generation of journalists. Daily puzzles including the New York Times Crossword. REGISTER / SIGN IN TO UNLOCK MORE ARTICLES Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account. Share your thoughts and join the conversation in the comments. Enjoy additional articles per month. Get email updates from your favourite authors. THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK. Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account Share your thoughts and join the conversation in the comments Enjoy additional articles per month Get email updates from your favourite authors Don't have an account? Create Account Six months into Donald Trump's presidency and tariff war against Canada, our national political conversation about what we need to do to make our nation economically stronger has been transformed. To be sure, most of the promised transformation from our politicians thus far been pledges of future action, and there is legitimate skepticism about how much of it will occur, given the decades of political stalling on these issues in Canada. But, at least our politicians are finally being forced to acknowledge failings they should have been acting on for decades, which made and continue to make our economy weaker, which they ignored. That list includes: — Expanding Canada's trading opportunities to global markets beyond the U.S. which Canadian politicians have been talking about forever; Your noon-hour look at what's happening in Toronto and beyond. By signing up you consent to receive the above newsletter from Postmedia Network Inc. Please try again This advertisement has not loaded yet, but your article continues below. — Breaking down barriers to interprovincial trade which Prime Minister Mark Carney and the premiers say costs our economy up to $200 billion annually, a problem our federal and provincial governments created in the first place; — Streamlining our onerous bureaucratic system for approving national infrastructure projects — a.k.a. 'nation-building' initiatives — that has hampered our economy for generations because of red tape and bureaucracies created by the federal and provincial governments; — Developing the mineral resources of Canada's Arctic and Ontario's Ring of Fire; — Building a new pipeline (ideally new pipelines) to get our vast oil and natural gas resources from landlocked western Canada to tidewater and from there to international markets, instead of selling almost all of it to the U.S. at huge discounts, costing the Canadian economy up to $25 billion annually. This advertisement has not loaded yet, but your article continues below. — Properly funding our armed forces so we have the capacity to patrol and protect our land, sea and air borders and to respond with military force to threats abroad — a fundamental requirement of any sovereign nation that wants to be taken seriously in global affairs; — Paying members of the Canadian military a living wage in recognition of their importance in defending Canada's interests both internationally and domestically. — The federal government's introduction in June of the 'Strong Borders Act' to 'keep our borders secure, combat transnational organized crime, stop the flow of illegal fentanyl and crack down on money laundering' in response to Trump's demands. The failure to address many of these issues up to now has resulted in Canada having the worst record of economic growth over the past decade as defined by real gross domestic product (GDP) per capita — a widely accepted metric of a nation's standard of living — among the G7 nations. This advertisement has not loaded yet, but your article continues below. Read More If nothing changes, the Organization for Economic Co-operation and Development has predicted Canada will have the worst record of economic growth among developed nations from 2020 to 2060. The irony of Trump's tariff war against us is that while demonstrably damaging to our economy, it has also compelled Canadian politicians to finally focus, after decades of dithering, on how we can improve and sustain our economy, regardless of what Trump does, much in the same way a hanging focuses the mind. The key question now is whether our politicians are serious, because rapidly restructuring the Canadian economy will mean making decisions over the span of a few months and a few years that our politicians have ignored not just for decades, but in many cases, for generations. RECOMMENDED VIDEO Olympics Basketball Uncategorized Toronto & GTA Toronto & GTA
CTV News
an hour ago
- CTV News
International bridge traffic down 26.7% last month in the Sault
As the trade war with the U.S. rages, traffic at the International Bridge in Sault Ste. Marie is declining. (File) As the trade war with the U.S. rages, traffic at the International Bridge in Sault Ste. Marie is declining. Figures released by the International Bridge Administration earlier this month found that one-way traffic crossings totalled 75,212 for June 2025. That's 27,357 fewer crossings than in June 2024, a decline of 26.7 per cent. Down 23% for the full year Traffic for the calendar year-to-date on June 30 is 377,684, a drop of 23 per cent compared to 2024. The bridge has processed 106.3 million bridge crossings since 1962. Cross border traffic between Sault, Mich., and Sault, Ont., has been declining since U.S. President Donald Trump began a trade war, which now includes steel exports. That move has had a huge impact on Algoma Steel, which has traditionally heavily relied on exports to customers in the U.S. The International Bridge, which connects the two Saults, funds its operational and maintenance costs with toll revenue from border crossings.
