Alberta Energy Minister Believes New Pipeline Will Have Indigenous Support
The Alberta government believes it will have Indigenous support for its plan to build a new oil pipeline to the Pacific coast when it’s unveiled in June.
Brian Platt
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Mark Carney's C-Suite Inner Circle Is Selling the World on Canada
Facing economic strains and tensions with the US, the prime minister is relying on a tight-knit group of allies to make trade deals and streamline government.
Alberta Examines Three Northern Routes for Oil Pipeline to Serve Asia
Alberta is looking at three options for a new oil pipeline to ship 1 million barrels a day through northern British Columbia, according to people familiar with the matter, as Canadian officials make plans to sharply increase energy exports to Asia. The provincial government and Prime Minister Mark Carney’s government are also closing in on an agreement on industrial carbon...
Stellantis in Talks to Make Chinese EVs at Idled Canadian Plant
Stellantis NV is discussing options for building electric vehicles in Canada with its Chinese partner, Zhejiang Leapmotor Technology Co., according to people familiar with the matter, a sign of how quickly the auto industry is being reshaped after Canada opened the door to companies from the world’s largest car market. The talks are in an early stage, said the people...
Canadians Say They'll Buy Cheaper Chinese EVs as Tariffs Drop
As Prime Minister Mark Carney lowers tariffs on imports of Chinese electric vehicles, new polling suggests that Canadians are becoming much more open to buying the cars. Article content More than half of Canadians, or 53%, say that knowing an EV was made in China would have no effect on their purchasing decision, according to a new poll by Nanos...
Canadian Oil Pipeline Gets Political Boost From Trump's Venezuela Shock
President Donald Trump’s push to unlock Venezuelan crude is strengthening the political case for a proposed pipeline that would allow Canada to ship more oil to China and other Asian markets. Refineries in the American Midwest are configured to process Canada’s heavy crude. But prices for the commodity slumped Monday as traders worried that the removal of Venezuelan President Nicolas...
Canada to boost output of trans mountain oil pipeline before selling it
The Canadian government will likely look at selling equity in the state-owned Trans Mountain oil pipeline only after steps are taken over the next few years to maximize its output, Energy Minister Tim Hodgson said. The government purchased the pipeline in 2018 to ensure a major expansion was built. The project ballooned in cost to about $34 billion, but it...
Carney’s Energy Chief Open to Negotiating on Clean Power Rules
Canada’s government is willing to negotiate with more provinces beyond Alberta on lifting clean electricity regulations if they have equivalent policies, Energy Minister Tim Hodgson said. The regulations, created by the former government under Justin Trudeau, took effect this year and are aimed at forcing provinces to create a net zero electricity grid by 2050, with a phased-in approach beginning...
US-Canada Trade Talks Frozen as Carney Weighs DC Trip Next Week
Trade talks between the US and Canada remain stalled, and there’s an emerging belief in both governments that key issues will be rolled into next year’s broader review of the North American trade accord, people familiar with the matter said. There have been no negotiations since US President Donald Trump’s Oct. 23 social media post that halted them, the people...
Carney Gives Muted Response to Trump's Pledge to Hike Tariffs
As Carney was traveling to Asia, Trump announced an additional 10% in tariffs on Canada in retaliation for a TV advertisement by the province of Ontario that’s airing in the US. The ad features excerpts of former US President Ronald Reagan criticizing tariffs.
Canada to Stall Electric Vehicle Rules as Carney Seeks to Boost Auto Sector
Canada is delaying a plan to force automakers to hit minimum sales levels for electric vehicles by 2026, a concession to manufacturers in a sector that has been upended by tariffs. Canada is delaying a plan to force automakers to hit minimum sales levels for electric vehicles by 2026, a concession to manufacturers in a sector that has been upended...
Carney's Energy Chief Rebukes Trudeau Over LNG Policy in Europe
Canadian Energy Minister Tim Hodgson said his government is taking steps toward exporting natural gas to Europe, and criticized former Prime Minister Justin Trudeau for not making the same effort. “The new Canadian federal government has made a conscious choice to re-center energy and critical minerals in how we think about not only our domestic affairs, but Canada’s place in...
Canada to Drop Many Retaliatory Tariffs in Olive Branch to Trump
Canada will remove its retaliatory tariffs on a long list of US products that comply with the existing North American trade deal, seeking to lower tensions with the White House. Prime Minister Mark Carney is expected to announce the decision Friday after a meeting with his cabinet. The government will change its tariff policy to align more closely with US...
Canada Eyes Arctic Ocean Port to Ship Gas, Commodities to Europe
The Canadian government is looking hard at developing a remote northern port on Hudson Bay as a conduit for exporting natural gas, potash, canola and other commodities as the country tries to reduce its economic dependence on the US.
Canada's finance minister sees path to avoid baseline U.S. tariff
Canada’s finance minister said the country can negotiate a better trade deal with the Trump administration than other nations have received, pushing back on the idea that it may have to settle for a new baseline tariff on all exports to the United States. “We buy more from the U.S. than China, Japan, the U.K. and France combined, so we’re...
India and Canada Reach Deal to Share Intelligence on Terrorism, Crime
The governments of Canada and India are set to establish a new structure to share information about cross-border crimes, their latest step toward rebuilding ties nearly two years after Canadian officials accused India of orchestrating the murder of a Sikh activist near Vancouver.
Carney Set to Meet Trump at White House Next Tuesday
Canadian Prime Minister Mark Carney is scheduled to meet with US President Donald Trump in Washington on Tuesday, people familiar with the matter said, their first encounter since Carney won an election in part because of an anti-Trump message.
Carney Rides Anti-Trump Sentiment on Campaign Trail, and Voters Like It
On an overcast afternoon on Canada’s east coast, Mark Carney emerged from a pickup truck and stepped carefully in his dress shoes through the muddy lot outside a lumber mill. His hard hat didn’t fit right, pitched forward at an awkward angle; an aide hustled over to fix it before he went inside.
Carney Proposes Raises for Canada Military to Bolster Recruitment
Prime Minister Mark Carney said his government would give raises to the armed forces, speed up the acquisition of military equipment and grant new surveillance powers to the Canadian Coast Guard if he wins the election.
Carney Vows to Rein in Government Spending, Cap Public Service in Canada
Mark Carney promised to cap the size of the Canadian public service and undertake a program spending review if he becomes prime minister, but did not provide details of how much he would reduce government outlays overall.
Trudeau Office Hit by Network Outage Day Before Tariff Deadline
A failed fiber-optic link crippled the computer network at the highest level of the Canadian government throughout the day on Jan. 31, but an investigation has found no evidence of deliberate sabotage, a spokesperson said.
Canadians Support Using Oil as Weapon If Trump Starts Trade War
There is strong nationwide support among Canadians for putting export taxes on oil shipments if needed to retaliate against US President Donald Trump’s tariffs, a new poll suggests.
Trudeau's Cabinet Lines Up Behind Carney as Ex-Banker Brushes Up on French
The senior ranks of Prime Minister Justin Trudeau’s cabinet have made their choice on who they believe should replace him as Canada’s prime minister — and they’re throwing their weight behind Mark Carney.
Freeland to Scrap Canada Capital Gains Hike If She’s Elected
Chrystia Freeland would drop the Canadian government’s policy of raising the capital gains inclusion rate if she wins the race to replace Justin Trudeau as prime minister, according to a person with knowledge of her plan. It’s a major reversal for Freeland, who introduced that capital gains hike in April as Trudeau’s finance minister. She argued at the time that...
Mark Carney Says He’s Considering Running to Succeed Trudeau
Mark Carney, the former governor of the Bank of Canada and Bank of England, said he’s considering entering the race to replace Justin Trudeau as Canada’s prime minister. Listen to the Bloomberg Daybreak Europe podcast on Apple, Spotify or anywhere you listen. Carney said he’s “encouraged and honored by the support that I’ve already been hearing” from Liberal lawmakers and...
Trudeau Leaves Canada In Suspense as Anxious Liberals Urge Him to Go
The holiday period is over and Canadian politics is gripped by a single question: when will the country hear from Justin Trudeau? The prime minister has largely disappeared from public view since Dec. 16, when Chrystia Freeland — his finance minister and once his most powerful ally in cabinet — resigned in devastating fashion, with a public letter that criticized...
Trudeau’s Shocking Call With Freeland Sparked Canada’s Political Crisis
Justin Trudeau’s political future has been shaky for months. But the events that threaten to finish him as Canada’s prime minister snowballed into a crisis in a matter of days. Everything seemed in hand on Dec. 8 when Trudeau and Chrystia Freeland, his finance minister and longtime deputy, dined at Harrington Lake, the prime minister’s country residence in the hills...
Canada Weighs Export Taxes on Uranium, Oil If Trump Starts Trade War
Canada is examining the use of export taxes on major commodities it exports to the US — including uranium, oil and potash — if incoming President Donald Trump carries out his threat to impose broad tariffs. Export levies would be a last resort for Canada, according to officials familiar with the discussions inside Prime Minister Justin Trudeau’s government. Retaliatory tariffs...
Trudeau Now Tied With Conservative Leader on Who’s Trusted to Deal With Trump
Canadians’ trust in Prime Minister Justin Trudeau to deal with incoming US President Donald Trump is growing, a new survey suggests. Trudeau is now effectively tied with Conservative Leader Pierre Poilievre on the question of who is best to negotiate with Trump, according to the poll from Nanos Research Group for Bloomberg News. That’s a significant improvement for him from...
When Trump Threatens, Canada and Mexico Go Their Own Way
A week before Donald Trump fired off yet another tariff threat on his neighbors, Justin Trudeau and Claudia Sheinbaum had a chance to confer in person about how to tackle that very scenario. Would they join forces against their errant trading partner or was it going to be a case of every person for themselves? The evidence is pointing to...
Trudeau, Trump Discuss Trade, Border at Crucial Mar-a-Lago Meeting
Canadian Prime Minister Justin Trudeau met with President-elect Donald Trump on Friday as the two leaders discussed trade, the border and fentanyl, subjects of the incoming US leader’s tariff threat on its neighbor. Trudeau and Trump spoke on a wide range of issues over dinner at Mar-a-Lago that lasted roughly three hours, two officials familiar with the meeting said. They...
Nothing Will Be Easy in Working with Trump, Trudeau Tells APEC
Working with the next Donald Trump administration will be a constant challenge for Canada, Prime Minister Justin Trudeau told the Asia-Pacific Economic Cooperation summit in Lima, Peru. But he added that every US government is difficult for Canada to work with in its own way. Trudeau said he draws some optimism from the fact Canada was able to successfully update...
‘Gutless’: Canada’s CEOs Are Jolted by Trudeau’s Surging Rival
The crowd gathered on the 54th floor of TD Bank Tower, an imposing glass-and-steel edifice in Toronto’s financial district, was a who’s who of the Canadian business elite. There were CEOs and tech moguls and bankers who had paid as much as C$1,725 each for a chance to hear from Pierre Poilievre, the leader of the Conservative Party.
Canada Calls on G-7 to Crank up Pressure on Israel to Accept Cease-Fire
Just five days ago, Canadian Foreign Minister Melanie Joly was convinced a cease-fire between Israel and Hezbollah was near. Then Israeli forces killed Hezbollah leader Hassan Nasrallah, and Iran vowed revenge. Now it’s crucial for Group of Seven leaders to crank up the pressure on Israeli Prime Minister Benjamin Netanyahu to end the escalation of violence before the Middle East...
Canada to Hit China With Tariffs on Electric Vehicles, Steel
Canada will impose new tariffs on Chinese-made electric vehicles, aluminum and steel, lining up behind western allies and taking steps to protect domestic manufacturers. The government plans to announce a 100% levy on electric cars and 25% on steel and aluminum, according to people familiar with the matter, speaking on condition they not be identified because the matter is still...
Trudeau mulls name-and-shame policy to curb foreign worker abuse
Prime Minister Justin Trudeau’s government is mulling a change to help crack down on abuses of temporary foreign workers — publicly naming individual business managers or owners who violate Canada’s labor rules.
Canada Is Poised to Delay Oil Pipeline Sale Until After 2025 Election
Prime Minister Justin Trudeau’s government is likely to stall the sale of the Trans Mountain oil pipeline until after Canada’s national election in 2025, according to officials familiar with internal discussions.
Canada’s Finance Minister Rejects Claim She’s In Conflict With Trudeau
Canadian Finance Minister Chrystia Freeland denied that there’s growing friction between her office and that of Prime Minister Justin Trudeau. Asked if there has been greater tension between herself and Trudeau, or between their aides, the Canadian finance minister said: “From my perspective, not at all.”
Canada Prepares Potential Tariffs on Chinese EVs After US and EU Moves
Prime Minister Justin Trudeau’s government is preparing potential new tariffs on Chinese-made electric vehicles to align Canada with actions taken by the US and European Union, according to people familiar with the matter. The government still has to make final decisions on how to proceed, but it’s likely to announce soon the start of public consultations on tariffs that would...
Finance Executives Help Canada’s Conservatives Crush Trudeau at the Money Game
Canada’s corporate titans are helping the country’s Conservative Party build a financial war chest to oust Prime Minister Justin Trudeau, as frustration grows among business leaders about the country’s economic performance.
Honda Nears Deal With Canada to Boost Electric Vehicle Capacity
Canada is on the verge of an agreement with Honda Motor Co. that would see the Japanese firm build electric vehicles and their components in the province of Ontario, according to people familiar with the matter. The deal, expected to be announced within a week, involves a multibillion-dollar commitment by Honda for new facilities to process cathode active materials, build...
Trudeau's budget eyes young voters with affordable housing push
Housing will be the focus of Canada’s upcoming budget, with Finance Minister Chrystia Freeland emphasizing measures to speed up construction and boost the supply of affordable homes — possibly using government land to do it. The budget, which is still being drafted ahead of its April 16 release, is likely to include a strategy for building homes on government-owned property...
Trudeau's spring budget has Canadian firms worried about new taxes
Finance Minister Chrystia Freeland’s upcoming budget has some in Canada’s business community concerned there will be tax increases to offset new government spending. Freeland and Prime Minister Justin Trudeau will almost certainly bring in a package of tools to boost housing supply in the April 16 budget, according to people familiar with the government’s plans, and may commit additional spending...
Trudeau Faces Daunting Path to Sale of Canada’s $26 Billion Oil Pipeline
Justin Trudeau has promised one of the largest government-led asset sales in Canadian history by divesting the Trans Mountain pipeline, a huge conduit that moves crude from the province of Alberta to the west coast. But the government faces a mounting set of challenges in unloading it — including high interest rates, a fight over costs with oil companies, and...
Trudeau’s Main Rival Pledges to Tie Immigration Levels to Homebuilding
The Conservative politician who’s trying to take down Justin Trudeau said that if he’s elected, he would link Canada’s immigration levels to the number of homes being built. Pierre Poilievre took aim Friday at Trudeau’s housing minister, Sean Fraser, arguing that when Fraser was immigration minister, he oversaw soaring numbers of new arrivals without ensuring the country could properly accommodate...