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(Bloomberg) -- Alberta Premier Danielle Smith expects a private-sector firm to propose a new oil pipeline to the B.C. coast within weeks in a bid to become one of the first entrants on the Canadian government’s list of nationally important projects. www.bloomberg.com/news/article...

submitted 22 hours ago • 1 comment

(Bloomberg) -- The European Union and Canada are expected to sign a security and defense partnership on Monday at a summit that will kick off a range of discussions about how they can work closer together. www.bloomberg.com/news/article...

submitted 1 day ago • 3 comments

Here are the details of Canada’s package to support steel/aluminum sector. Includes pledge to align Canada’s counter-tariffs with US levels on July 21, and to bring in anti-dumping tariffs on countries Canada doesn’t have a free trade deal with

submitted 5 days ago • 1 comment

Senior US officials are preparing for the possibility of a strike on Iran in the coming days, according to people familiar with the matter, a sign that Washington is assembling the infrastructure to directly enter a conflict with Tehran.

submitted 6 days ago • 30 comments

Canada and India will be placing high commissioners in each other's countries again, "with a view to returning to regular services to citizens and businesses," says a readout from Carney's office after he met with Modi at the G7 summit today.

submitted 7 days ago • 3 comments

Sounds like G-7 has agreed to a statement on the Middle East, despite earlier US opposition to a draft statement on Israel-Iran. Should be coming soon

submitted 8 days ago • 1 comment

(Bloomberg) -- President Donald Trump is cutting short his visit to the Group of Seven leaders’ summit, according to the White House, and returning to Washington. “President Trump will return to Washington tonight so he can attend to many important matters,” said Karoline Leavitt

submitted 8 days ago • 10 comments

In their meeting today, Carney and Trump agreed to aim for a deal on tariffs within 30 days, according to the Canadian summary of the discussion. Canada's position is that all of Trump's new tariffs on Canadian imports should be lifted as part of a deal.

submitted 8 days ago • 2 comments

The latest from Bloomberg colleagues on G7 statements: The US is so far refusing to back one on Iran/Israel: www.bloomberg.com/news/article... And here's what in the joint statement on critical minerals: www.bloomberg.com/news/article...

submitted 8 days ago • 4 comments

(Bloomberg) -- President Donald Trump expressed optimism about settling a trade dispute with Canada during his time at the Group of Seven summit, calling a deal in the coming weeks between the US and its northern neighbor “achievable.” www.bloomberg.com/news/article...

submitted 8 days ago • 1 comment

Trump and Carney are meeting one-on-one right now at the G7 summit, before reporters are let into the room. Pic posted on X by Trump aide Margo Martin

submitted 8 days ago • 6 comments

(Bloomberg) -- The US isn’t budging from its opposition to a lower price cap on Russian oil sales, people familiar with the matter said, dampening European hopes that leaders meeting for a Group of Seven summit in Canada will agree to a cut. www.bloomberg.com/news/article...

submitted 11 days ago • 1 comment

Canada and India have agreed to a formal structure to share info on cross-border crimes, a move that comes as Carney aims to reset relations with Modi. Will start as meetings between police agencies, but could expand from there. www.bloomberg.com/news/article...

submitted 11 days ago • 0 comments

(Bloomberg) — The US and China deescalated trade tensions, agreeing to a preliminary deal on how to implement the consensus the two sides reached in Geneva, negotiators for both sides said.

submitted 14 days ago • 0 comments

(Bloomberg) -- The US and Mexico are closing in on a deal that would remove President Donald Trump’s 50% tariffs on steel imports up to a certain volume, according to people familiar with the matter, a revamp of a similar deal between the trade partners during his first term.

submitted 14 days ago • 1 comment

New StatCan data: CANADA RETURN TRIPS BY CAR FROM US FELL 38.1% Y/Y IN MAY CANADA RETURN TRIPS BY AIR FROM US FELL 24.2% Y/Y IN MAY

submitted 14 days ago • 14 comments

"Today's not the day for a fiscal update," says Carney when asked by @jacoblorinc.bsky.social whether the government's still on track for a $62B deficit after this new $9B in spending. He seemed to suggest earlier that he'll help pay for this by shifting around money from other programs

submitted 15 days ago • 0 comments

Mark Carney is giving a speech on dramatically boosting Canada's military spending for a world where US hegemony is receding and other great powers are rising in competition. He says Canada will now hit the 2% NATO spending target this fiscal year. (He previously said by 2030)

submitted 15 days ago • 2 comments

Readout of Carney’s call with Modi and (very late) invitation to the G7. Includes this vague line: “Importantly, there was agreement to continued law enforcement dialogue and discussions addressing security concerns.”

submitted 18 days ago • 1 comment

Mark Carney spoke with a top Chinese official, Premier Li Qiang, and “exchanged views on bilateral relations, including the importance of engagement, and agreed to regularize channels of communication between Canada and China.” Also discussed trade irritants. Readout:

submitted 19 days ago • 0 comments

(Bloomberg) -- Canadian exports plunged by the most in nearly 17 years outside of the pandemic, widening the country's merchandise trade deficit to the largest on record.

submitted 19 days ago • 1 comment

Modi hasn't yet been invited to Canada's G7, is not expecting to attend, and would probably say no now even if a late invite comes, say Indian officials. Will be first time in 6 years Modi isn't at G7. Story by @ldhillonkane.bsky.social and Sudhi Ranjan Sen www.bloomberg.com/news/article...

submitted 20 days ago • 2 comments

Carney told reporters today that Canada will "take some time" in deciding on a response to Trump's doubling of metals tariffs. Carney cited ongoing trade talks with the US, but this is also a difference from Trudeau, who typically retaliated immediately with counter-tariffs.

submitted 20 days ago • 1 comment

(Bloomberg) -- The Bank of Canada held interest rates steady for a second consecutive meeting, but officials said there may be a need to cut borrowing costs if the economy weakens and inflation remains contained as US tariffs strike.

submitted 20 days ago • 0 comments

The most interesting part of that news conference was Mark Carney and Danielle Smith talking about a "grand bargain" in the oil sands: getting companies to build carbon capture in exchange for more oil export capacity. What this looks like in practice is still a big question, of course.

submitted 22 days ago • 2 comments

(Bloomberg) -- President Donald Trump said he would be increasing tariffs on steel to 50% from 25%, saying the move would help protect American steelworkers during a visit to a United States Steel Corp. plant on Friday.

submitted 25 days ago • 4 comments

March data gives us the first picture of the tariff revenue flowing into the Canadian government, which jumped by $546M year/year. But April and May will be key to watch, depending how widely the government actually applies its counter-tariff exemptions www.bloomberg.com/news/article...

submitted 25 days ago • 1 comment