Eric Ham: China's record purchases of Canadian crude could be a harbinger of more deals to come
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Toronto Sun
11 minutes ago
- Toronto Sun
LILLEY: Don't expect a trade deal with Trump as deadline looms
Canadian officials are in Washington, but optimism isn't high as August 1 deadline nears. Get the latest from Brian Lilley straight to your inbox Canada's top officials were in Washington on Wednesday, but don't expect a deal to stop new tariffs by Friday. It hasn't been a good few days for Canada on the trade negotiation front. Donald Trump was in Scotland over the past few days brokering deals with the European Union and solidifying his agreement with Britain. His top trade advisor, Jamieson Greer, spent the last few days in Sweden negotiating with Chinese officials. Meanwhile, Mark Carney was in New Brunswick celebrating Acadian heritage and then in Prince Edward Island announcing that the toll to take the bridge to the island would drop from $50 to $20. 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 It's not quite the same as setting up an international trade deal, is it? Donald Trump has said that if he doesn't have a new trade deal with Canada by Aug. 1, then we will face a new 35% tariff. What that means and how it will be applied given the existing CUSMA trade deal remains to be seen, but it won't be good for Canada's economy. We should be doing everything we can to avoid new tariffs. We already have the 50% tariffs on steel and aluminum; we have the increased softwood lumber tariffs of 20.56% — up from 14.54% just a few months ago. To try and stop this onslaught of new tariffs, Dominic LeBlanc, the minister in charge of the Canada-U.S. trade file was in Washington on Wednesday, as was Prime Minister Mark Carney's chief of staff, Marc-Andre Blanchard. 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. Unfortunately, they were not meeting with top officials in the Trump administration because those officials, like Greer, were busy meeting with officials from other countries. Recommended video There is an attempt to downplay the idea that Canada will get a deal before Aug. 1 and if we do get a deal, that it won't include some kind of baseline tariff, such as 10% or less. 'It's an uphill push and having to deal with inconsistent asks from the other side,' is how one Canadian official described the ongoing talks. While the Americans are seen as changing targets and what they are asking for, the American side says that Canada isn't negotiating in good faith. From the outside, it's difficult to know what is truly happening. Each side has their own trade irritants with the other and neither side appears to be willing to come to a deal. Meanwhile, Mexico is close to a deal with Trump. Unlike Canada, Mexico has never raised a retaliatory tariff; they threatened, but didn't execute. Now, just as in 2017, Mexico may get a deal with Trump while Canada is frozen out. Goldy Hyder, the President and CEO of the Business Council of Canada, landed in Washington for meetings midday on Wednesday. As he headed to have discussions with top American officials, he said that Canada may not be able to escape a deal that doesn't involve tariffs on some level. This advertisement has not loaded yet, but your article continues below. Trump posted on Truth Social this morning to say there won't be an extension of the August 1 deadline. Where is Carney? He's holding a cabinet meeting today. — Brian Lilley (@brianlilley) July 30, 2025 'It's a game of relativity, we just have to better relative to others,' Hyder said. He noted Britain having a deal with 10% tariffs, saying that was better than the 15% that the European Union had agreed to — and hoped Canada could do even better. Trump's Commerce Secretary Howard Lutnick suggested just over a week ago that a trade deal with Canada might involve no tariffs, if we opened our markets to the Americans. What that meant and what the price would be has never been disclosed by the American or Canadian side. Bottom line, Canadian workers and Canadian employers are going to be sitting and wondering how things will go over the next few days and whether what is decided between Ottawa and Washington results in job losses. Uncertainty is the worst for the business sector; right now, that is all we have. MLB Celebrity Wrestling Toronto & GTA Ontario
Globe and Mail
11 minutes ago
- Globe and Mail
Shareholders Alert: Investigation Into BellRing Brands, Inc. (BRBR) - Contact Levi & Korsinsky to Protect Your Rights
New York, New York--(Newsfile Corp. - July 30, 2025) - Levi & Korsinsky notifies investors that it has commenced an investigation of BellRing Brands, Inc. ("BellRing Brands, Inc.") (NYSE: BRBR) concerning possible violations of federal securities laws. On May 6, 2025, BellRing Brands during its second quarter of 2025 earnings call revealed that certain customers were now choosing to "optimize" their inventories by lowering "their weeks of supply on hand," which would slow sales growth in the third quarter to "low-single-digits." Following this news, the price of BellRing Brands fell by nearly 19% on the same day. To obtain additional information, go to: or contact Joseph E. Levi, Esq. either via email at jlevi@ or by telephone at (212)363-7500. WHY LEVI & KORSINSKY: Over the past 20 years, Levi & Korsinsky LLP has established itself as a nationally-recognized securities litigation firm that has secured hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. The firm has extensive expertise representing investors in complex securities litigation and a team of over 70 employees to serve our clients. For seven years in a row, Levi & Korsinsky has ranked in ISS Securities Class Action Services' Top 50 Report as one of the top securities litigation firms in the United States. Attorney Advertising. Prior results do not guarantee similar outcomes.
CTV News
11 minutes ago
- CTV News
Labour dispute looming for unionized workers at Titan Tool
A protest is taking place at Titan Tool and Die in Windsor, Ont., seen on March 31, 2025. (Michelle Maluske/CTV News Windsor) The president of Unifor Local 195 is calling on officials from Titan Tool & Die Limited in Windsor to change their bargaining strategy. Emile Nabbout said the two sides are currently in talks for a new collective agreement but feels if the company does not change its strategy, the sides are headed towards a long labour dispute. 'The union is committed to continue talking with the employer but from the way it looks, the negotiation is not going well,' said Nabbout. He says a few months ago, there were some issues at the plant, where the company was trying to remove some equipment from the Howard Avenue facility to the U.S. due to the tariff threat. At that time, unionized workers at the plant spent a day blocking a transport truck from taking equipment out of the facility. Nabbout said since talks started, the company has been doing 'shady' things. He believes the company is trying to provoke the union. 'We are here now at the bargaining table and the employer kind of, trying to tear down the collective agreement we've built over the year,' he said. 'So, our union is not going to stand idling and waiting for the company to do this.' Nabbout feels the company is not serious about negotiating. 'We are hoping today the company realizes that the union is not going to accept the change of course in the collective agreement that we have built over the year and maybe we could then talk about the challenges and reasonably negotiate a good collective agreement,' said Nabbout. He said the union remains committed to bargaining a collective agreement for its members. Nabbout said the union's focus remains the membership and not to play games with the company. 'If really they want to remain in business in Windsor and in this country, they need to become really serious about their bargaining strategy otherwise we are headed into a labour dispute and will be a long one. I'm hoping I'm wrong on my interpretation, but this is basically what it is right now,' said Nabbout. He said normally there are 50 unionized members at the plant but majority of them are currently laid off. The current collective agreement expires on July 31. - Written by Rob Hindi/AM800 News.
