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Canada

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Carney’s Leadership Playbook: Stand Firm When a Bigger Partner Pushes Back
business8 hours ago

Carney’s Leadership Playbook: Stand Firm When a Bigger Partner Pushes Back

Mark Carney’s approach in Canada’s clash with the US under Trump offers a blueprint for leaders facing a more powerful partner: establish nonnegotiables grounded in values, stay composed to prevent emotional contagion, update assumptions when a partner stops behaving as expected, and build allied strength to counter leverage. The article cites Carney’s walkaway from unfair talks, Canada’s tariff retaliation, and Nintendo’s pushback against Amazon to illustrate disciplined negotiation and the value of alliances. For CEOs, the takeaway is to focus on what you can control and influence, maintain unity with partners, and recognize that outcomes in leverage-driven disputes remain uncertain.

Canada Seeks Closer EU Ties Without Full Membership
world10 hours ago

Canada Seeks Closer EU Ties Without Full Membership

Facing renewed US trade tensions and threatened tariffs, Canada plans a deeper economic and security partnership with the EU, with talks this fall and potential collaboration on critical minerals, energy, and defence. Brussels wants diversification away from the US, but both sides acknowledge limits: a full membership remains unlikely, and any closer link may resemble Norway-style single-market access rather than membership, with the 2016 trade deal not fully ratified yet.

Trump Says US Doesn’t Need Canada, But Energy Ties Tell a Different Story
world10 hours ago

Trump Says US Doesn’t Need Canada, But Energy Ties Tell a Different Story

Trump claimed the US doesn’t need Canada, but Canada remains a major energy and trade partner, supplying much of US electricity and key resources like potash, aluminum, and auto parts. He floated 50% tariffs on Canadian cars and auto parts starting in 2027, a move Canadian leaders warned could backfire economically. Alberta and Ontario officials highlighted Canada’s leverage while cautioning against export taxes that could hurt both countries. Canada also plans to expand its electrical grid by 2050 to meet rising demand, including for AI-powered growth.

GOP Pushback Grows as Trump Resumes Tariffs Ahead of Midterms
politics10 hours ago

GOP Pushback Grows as Trump Resumes Tariffs Ahead of Midterms

With 10 weeks until Election Day, Republican lawmakers publicly rebuke President Trump for reviving tariffs—on Canada and a plan to temporarily boost beef imports—arguing the moves raise prices and harm ranchers. Several swing-state senators urged dialing back the hard line, warning the policy could complicate GOP hopes in key contests, while the White House defends the moves as long-term fixes despite short-term pain.

Carney Heads to Strasbourg for EU State of the Union, Signaling a Broader Canada–EU Partnership
world13 hours ago

Carney Heads to Strasbourg for EU State of the Union, Signaling a Broader Canada–EU Partnership

Canadian Prime Minister Mark Carney will attend Ursula von der Leyen’s State of the Union speech in Strasbourg and deliver a speech to Parliament the following day, signaling a deeper Canada–EU partnership as Ottawa pursues closer ties with democracies after a recent trade dispute with the United States and Washington-imposed tariffs.

US-Canada trade talks inch toward compromise amid tariff threats
business20 hours ago

US-Canada trade talks inch toward compromise amid tariff threats

Analysts say the U.S. and Canada could avoid a full-blown trade war and seek a middle ground despite tariff rhetoric, since punitive tariffs wouldn’t take effect until after the midterms and there’s time for stopgap talks. Canada rejected a deal seen as too one-sided, but experts warn tariffs remain costly and that maintaining roughly $880 billion in bilateral trade hinges on cooler heads and trusted diplomacy—possibly aided by lessons from past progress on USMCA.

Trump-Canada tariffs threaten NYC’s recovery as tourism and construction feel the pinch
economy1 day ago

Trump-Canada tariffs threaten NYC’s recovery as tourism and construction feel the pinch

Trump’s escalating Canada trade war threatens New York’s recovery by shrinking Canadian tourism (visitors down about 26% and spend down 14%), jeopardizing the city’s tourism-led economy. Tariffs—such as a 50% duty on $20 billion of Canadian goods—would raise costs for cement, building materials, and consumer goods, lifting prices on construction, restaurants and retailers and potentially delaying NYC’s forecast of about 66.3 million visitors this year unless a deal with Canada is reached.

Trump's Canada claims debunked in CNN fact-check
politics1 day ago

Trump's Canada claims debunked in CNN fact-check

CNN’s fact-check argues Trump’s Canada claims are distorted: Canada’s unemployment rate was 6.4% in July (not 10%), Canada remains a major US trade partner with deep energy links, and most US agricultural exports to Canada are tariff-free (with only some dairy/poultry protections); Canada does have a military role and a NORAD partnership, contradicting Trump’s broader assertions.

Trump hints at renaming Lake Ontario to Lake America amid Canada trade spat
politics1 day ago

Trump hints at renaming Lake Ontario to Lake America amid Canada trade spat

President Trump floated renaming Lake Ontario to 'Lake America' in a Truth Social post amid a deepening US-Canada trade war, signaling harsher economic measures including 50% tariffs on cars, parts and steel starting Jan. 1, 2027; Canada retaliated with duties on U.S. goods and Ontario Premier Doug Ford denounced the move as bullying, while Michigan Democrats criticized the renaming idea. The dispute followed failed talks on Aug. 21 and mounting retaliatory tariffs on about $20 billion in goods.

Vegas Bets on Canada With Parity Deals as Tourism Dips
business1 day ago

Vegas Bets on Canada With Parity Deals as Tourism Dips

Canada’s visitors to Las Vegas fell about 18% in 2025 (roughly 250,000 fewer) and casino revenue was down around 4%, but 2026 is showing a rebound thanks to events and business travel. In response, Circa Downtown hotels launched a “Vegas At Par” promotion offering 1 CAD to 1 USD and discounted helicopter tours; MGM Resorts is marketing all‑inclusive two‑person packages for $330 at Luxor and Excalibur; Air Canada is promoting Las Vegas packages with 35% off. The LVCVA is actively engaging Canadian travel agents to revive Canadian tourism to Vegas.

Canada retaliates with $20B in tariffs as talks collapse
world1 day ago

Canada retaliates with $20B in tariffs as talks collapse

Canada announced retaliatory tariffs on about $20 billion of U.S. goods, dollar-for-dollar matching President Trump’s 50% import taxes and targeting more than 700 items (from steel and aluminum to dairy, seafood, appliances, wood and paper) with duties ranging from 15% to 50%; the measures take effect Sept. 8 and are paired with a $7.5 billion package to aid affected businesses and workers. The move follows the breakdown of trade talks, marking a renewed escalation in the U.S.–Canada trade dispute as Ottawa says it would prefer a deal but won’t wait by the phone.