Is Carney ready to go big on corporate tax reform?
Ahead of the federal budget, the government is under pressure to make Canada a more competitive place for business investment – but the task is a tricky political undertaking
Mark Rendell
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Ottawa discussing trade concessions with the U.S. in return for some tariff relief, sources say
Canada and the U.S. are discussing a prospective deal in which Ottawa would agree to a long list of Trump administration trade demands in exchange for some relief on sectoral tariffs, as talks intensify ahead of another round of threatened American levies. According to three industry sources with knowledge of the negotiations, the two sides have discussed in-depth proposals and...
Trade negotiators revive proposed steel and aluminum exports quota in return for lower U.S. tariffs
Trade negotiators are reviving a proposal that would see Canadian steel and aluminum exports subject to a quota system in return for lower U.S. levies on the metals, as the clock ticks down on President Donald Trump’s next round of tariffs. Intergovernmental Affairs Minister Dominic LeBlanc and Janice Charette, Canada’s chief negotiator, jetted to Washington on Tuesday for the second...
USMCA heads into unpredictable new phase with no extension likely
With less than two weeks to go until the formal review of the United States-Mexico-Canada Agreement, one thing has become clear: There will be no 16-year extension of the trade treaty on July 1. Mexico and the U.S. have already scheduled a third round of negotiations for late July, three weeks after the review date. Canada and the U.S. have...
U.S. and Canada discussed tariff-rate quota for steel before trade talks halted
Before trade talks abruptly ended in October, Ottawa and Washington were discussing a U.S. proposal that would have lowered tariffs on most Canadian steel exports to the United States while effectively capping the amount of steel heading south across the border. U.S. trade negotiators proposed a tariff-rate quota system that would introduce two tiers of levies based on historical levels...
Ottawa reaches agreements with Ontario, Manitoba to streamline reviews for major projects
Ontario and Manitoba struck draft agreements with the federal government this week to streamline reviews for major projects, as part of a larger push by Prime Minister Mark Carney to fast-track resource development and infrastructure building in the face of U.S. trade uncertainty. The co-operation agreements will allow the provinces to take the lead role in environmental assessment and Indigenous...
Ottawa in talks with automakers over EV sales mandates, Joly says
The federal government is assessing the appropriate level for its zero-emission vehicle sales requirement as it discusses various ways to support Canada’s hard-hit auto sector, Industry Minister Mélanie Joly says. In an interview with The Globe and Mail, Ms. Joly said the government is in active discussions with automakers about the ZEV mandate, which requires one in five new vehicles...
As U.S. trade deal deadline looms, Ottawa begins to temper expectations
Two weeks into intensive trade negotiations with the United States, Canada remains publicly committed to the goal of getting all tariffs removed. Nevertheless, Ottawa is beginning to manage expectations. Kirsten Hillman, Canada’s ambassador to Washington and lead trade negotiator, highlighted President Donald Trump’s unwavering fondness for tariffs in several media interviews this week.
Mark Carney’s business experience cemented his reputation for pragmatism
In the thick of the COVID-19 pandemic, Mark Carney was the chief capital wrangler for a novel product marketed by Brookfield Asset Management Ltd. BAM-T +0.95%increase In theory, his job was simple: persuade top financial executives to pour billions of dollars into a promised boom in renewable-energy and green-technology investments. In practice, it involved cajoling, hand-holding and decoding climate finance...
Bank of Canada expected to end year with another interest-rate hold
The Bank of Canada is expected to cap another tumultuous year for monetary policy with a stand-pat decision this week that keeps interest rates steady while offering few hints about what comes next. The central bank has held its policy rate at 5 per cent since July, while leaving the door open to further increases if inflation doesn’t move lower...