Tag: Region Canada
Canada’s Role in a Shifting Global Order — with Mark Carney | Prof G Conversations
Mark Carney, Canada’s 24th Prime Minister and leader of the Liberal Party, joins Scott to discuss the country’s economic outlook, how Canada fits into a shifting global order, and whether the U.S.-Canada relationship can be repaired amid rising trade tensions.
Jeep & Chrysler parent Stellantis lays off 900 US workers as tariffs bite
In sum:
Stellantis pauses production in Mexico and Canada due to tariffs
Automakers face 25% import tax on imported autos
UAW criticizes Stellantis for unnecessary layoffs
US automaker shares fall sharply
In Texas, ‘water is the new oil’ as cities square off over aquifers that may soon dry out
In Central Texas, a bitter fight over a $1 billion water project offers a preview of the future for much of the state as decades of rapid growth push past the local limits of its most vital natural resource. On one side: Georgetown, the fastest growing city in America for three years straight, which in 2023 signed a contract with an investor-funded enterprise to quickly begin importing vast volumes of water from the Simsboro Formation of the Carrizo Wilcox Aquifer,…
French nuclear attack submarine “Barracuda” surfaces in Canada
A curious discovery in Canadian waters. A French attack submarine , the FS Tourville, appeared Monday in the port of Halifax in Nova Scotia, a Canadian province. Photos of the vessel were posted on social media, fueling speculation amid geopolitical turmoil . Some see it as evidence of a show of force by the European Union in the face of Donald Trump’s multiple provocations. The submarine is owned by French Naval Group, the European leader in the sector. It made its first Atlantic crossing on Monday as a test, as Canada prepares to renew its submarine fleet. Last February, the French naval group responded to a request for information from Ottawa, which aims to put 6 to 12 new submarines into service from 2035.
Trump says imposing 50-percent tariffs on Canadian steel, aluminium
President Donald Trump says increased tariffs come in response to Ontario’s surcharge on electricity exports to US. US President Donald Trump has announced he will double planned tariffs on Canadian steel and aluminium imports to 50 percent, escalating a trade war with the United States’s northern neighbour. In a social media post on Tuesday morning, Trump said the increased tariffs come in response to a decision by the province of Ontario to put a 25-percent surcharge on electricity exports to…
US manufacturers report fall in orders as growth expectations tumble
US manufacturers reported steep declines in new orders and employment in February, fuelling fears that the economy is losing momentum as growth expectations also fell sharply. The ISM Manufacturing purchasing managers’ index on Monday dropped to 50.3 in February from 50.9 the previous month, leaving it just above contraction territory, while secondary indices pointed to a sharp fall in new orders from 55.1 to 48.6. The Federal Reserve Bank of Atlanta’s running estimate of US GDP growth, also published on…
Trump’s ‘bald power grab’ could set US on path to dictatorship, critics fear
Unusually for him, Donald Trump made no great fuss as he signed one drily worded executive order last Tuesday. Public attention was distracted that day – by the headline-grabbing drama of Elon Musk bludgeoning his way through the federal bureaucracy, by immigrants deported to Guantánamo Bay, and by the torrent of other directives Trump has issued since his inauguration last month. But Trump’s 69th executive order of his second presidency, under the deceptive title of “Ensuring accountability for all agencies”,…
Donald Trump revives Canada’s Liberals in electoral turnaround
Until last month, Canada’s Liberal party appeared destined for electoral oblivion. Its leader, Prime Minister Justin Trudeau, had just quit amid plunging poll ratings, blamed by voters for a stagnating economy and taunted as a “woke liberal” by a newly elected US president. But Donald Trump’s first month in power has galvanised Canadian politics. He has threatened to use “economic force” to annex his northern neighbour, imposing — and then postponing — punishing tariffs and accusing it of flooding America…
White House official pushes to axe Canada from Five Eyes intelligence group
Here’s a suggestion Canadians may actually like: A White House official has proposed expelling Canada from the Five Eyes intelligence-sharing network as Donald Trump increases pressure on the country he talks about turning into the 51st US state. Peter Navarro, one of the US president’s closest advisers, is pushing for the US to remove Canada from the Five Eyes — which also includes the UK, Australia and New Zealand — according to people familiar with his efforts inside the administration. Trump…
Trade tariff turmoil pushes Canada to rethink US ties | DW News
Video: Trump’s tariff policies are straining US-Canada relations. After imposing and then suspending tariffs, Canadian leaders are reassessing their ties with the US. Some are now looking to the European Union as a potential alternative. Major publications, including The Toronto Star and The Economist, are openly questioning whether Canada could align more closely with Europe. European politicians are also weighing in. Could this mark a significant shift in global alliances?
Canadians push back on Trump tariffs by ditching American goods and services
U.S. President Donald Trump’s tariffs started a wave of patriotic pushback this weekend from Canadians declaring that they were swapping American items off their shopping lists and cancelling their subscriptions to leading streaming services. Mr. Trump’s plan to impose 25-per-cent tariffs on Canadian goods starting Tuesday has prompted fears of an economic shock that will throw hundreds of thousands out of work. The federal government immediately responded with retaliatory tariffs as political leaders urged the public to shop local and…
Lawsuit accuses Amazon of secretly tracking consumers through cellphones
Amazon.com was sued on Wednesday by consumers who accused the retailing giant of secretly tracking their movements through their cellphones, and selling data it collects. According to a proposed class action in San Francisco federal court, Amazon obtained “backdoor access” to consumers’ phones by providing tens of thousands of app developers with code known as Amazon Ads SDK to be embedded in their apps. This allegedly enabled Amazon to collect an enormous amount of timestamped geolocation data about where consumers…
Is DeepSeek a DeekFake and does it matter?
The Chinese AI startup, DeepSeek, is in the news today due to its rapid rise and the impact that had on NVIDIA stock. Apparently, DeepSeek developed an AI model that has caused a stir. For one thing, it just became the top-downloaded free app in the Apple Store, surpassing ChatGPT. This led to a sharp decline in NVIDIA’s stock, as investors are supposedly concerned that DeepSeek’s AI model is more cost-efficient. More more cost-efficient means that it threatens NVIDIA’s dominance…
In confidential memo, LeBlanc asks for ideas on how to fight back against U.S. protectionism
Finance Minister Dominic LeBlanc has asked his fellow ministers to draw up a list of ideas he can deploy in the planned spring budget to fight back against U.S. protectionism, a threat that shows no signs of going away even if Canada has secured a pause to President Donald Trump’s planned tariffs. In an undated, confidential memo sent to cabinet ministers and obtained by CBC News, LeBlanc writes he is only willing to consider spending more money on initiatives that respond to the “current Canada-U.S….
TD’s chief compliance officer departs amid US anti-money laundering probe
TD Bank’s (TD.TO), opens new tab chief compliance officer has left the bank, according to a memo sent internally, at a time the Canadian lender faces U.S. regulators and the Justice Department in a probe related to its anti-money laundering program. Monica Kowal, who joined the bank in 2017, left the company this week, and will be replaced by Deputy Chief Compliance Officer Erin Morrow who will report to Chief Risk Officer Ajai Bambawale, according the memo sent in late June, seen by…
