All articles tagged with #carney
Canadian PM Mark Carney is resisting President Trump’s tariff threats, walking away from talks and pledging to match new 50% U.S. tariffs dollar-for-dollar, a stance backed by provincial leaders and framed as a test of Canada’s sovereignty and economic resilience amid potential job losses.
Trump’s plan to impose 50% tariffs on Canadian-made cars has Canada’s leaders, including Mark Carney, warning that the move targets Canada’s big industries and is not surprising, while Ottawa pledges to defend sovereignty and deploy leverage (like critical minerals and electricity) to press for a better deal; officials say Canada can weather the impact with its fiscal capacity, but warn that small businesses and workers may suffer, as they outline measures and responses such as supporting affected businesses and pursuing strategic trade strategies like a large icebreaker fleet to safeguard trade routes.
After the collapse of trade talks, Prime Minister Mark Carney calls the fresh US tariffs a miscalculation designed to hurt and divide Canada and says Ottawa will retaliate dollar-for-dollar from Sept. 8 on about $20 billion of imports (roughly 5%), including wine, dairy, cement, clothing and hockey equipment, on top of existing duties on steel, aluminum, autos and lumber. The move follows tense negotiations over USMCA renewal, with Canada and various provincial leaders backing or urging renewed talks, while President Trump has yet to comment.
Two weeks before 50% tariffs on about $20 billion of Canadian goods are set to take effect, Prime Minister Mark Carney called U.S.-Canada talks “nasty” in response to Trump’s rhetoric, signaling a tougher tone. Canada seeks a comprehensive, broad agreement rather than a narrow deal and continues high-level engagement with U.S. negotiators in Washington, aiming to map pathways to a broad pact by an August deadline.
An op-ed arguing that Trump’s 50% tariffs on select Canadian goods and his floated annexation of Canada are meant to pressure Ottawa, destabilize Canadian politics, and push regional divisions to the fore. The piece suggests the stance helped the Liberals under Mark Carney gain advantage, highlights tensions between eastern manufacturing provinces and western resource economies, and indicates Canada may retaliate—despite political risk—since capitulation would be toxic for Canadian voters.
Prime Minister Mark Carney announced a public-private West Coast pipeline to ship up to one million barrels per day of Alberta oil to Asian markets, a policy shift aimed at boosting exports, addressing western separatism, and strengthening national unity. The project involves the Alberta government, Trans Mountain Corporation, and Pembina Pipeline, with funding details to be negotiated, and comes alongside a separate Canada–British Columbia deal to support LNG and mining projects.
Canada announced a $3.2 billion food-security strategy to reduce reliance on foreign supply and shield households from shocks by boosting domestic production, expanding year-round fruits and vegetables, increasing competition in the sector, and streamlining regulations. The plan includes about $1 billion for new food terminals and distribution hubs to help independent grocers, nearly $130 million to enforce anti-competitive practices, and more than $1 billion in financing and grants to help producers and processors scale up and modernize. The approach aims to strengthen Canada’s supply chains amid inflation and global tensions, though experts caution it may not automatically lower grocery prices.
Canada's environment minister Steven Guilbeault is set to resign from the Liberal caucus, shrinking Prime Minister Mark Carney's majority to 173 seats and highlighting tensions over Ottawa's climate policy as the government tilts toward oil and gas.
Leaders from nearly 50 countries, including Canada as a guest, gather in Yerevan for the eighth EPC summit to discuss unity, stability, and evolving geopolitics, while Armenia seeks closer EU ties and diversification away from Russia.
Canada’s spring economic update forecasts about 2% growth this year and a deficit near C$67 billion, with Prime Minister Mark Carney steering toward reduced U.S. dependence through a 26-billion CAD sovereign wealth fund and new programs to train construction workers and fund apprenticeships, financed in part by higher oil revenues despite tariffs affecting some sectors.
Prime Minister Mark Carney announced Canada’s first sovereign wealth fund, the Canada Strong Fund, with an initial $18 billion to invest for long-term national prosperity.
Canada’s Prime Minister Mark Carney appears poised to win a Liberal majority in a special election, following the party’s Montreal convention and signaling a major shift in Parliament.
Nearly 40 middle- and major-power economies, led by Canada’s Mark Carney, are pursuing coordinated reform of the World Trade Organization—or, if salvaging it proves impossible, a new rules-based trade order—at MC14 in Yaoundé, with the EU and CPTPP planning a plurilateral push on e-commerce and digital trade that could bypass consensus if needed.
Liberal Prime Minister Mark Carney gains ground toward a majority after Lori Idlout (NDP, Nunavut) defects to the Liberals, joining other Conservative-crossovers; three April by-elections could push the Liberals to 173 seats, potentially avoiding another election for years.
Prime Minister Mark Carney moves closer to a Liberal majority after Lori Idlout crosses to the Liberals, boosting them to 170 seats with two Toronto by-elections on April 13 and a potential Quebec Terrebonne rematch that could decide the fate of the Commons; resignations of Chrystia Freeland and Bill Blair add complication, and observers peg the outcome as still uncertain with the Liberals holding a fragile lead.