Energy, tourism among talking points during New England meeting, says Hogan
Eastern Canadian premiers met with northeastern U.S. governors once again on Monday amid ongoing trade tension between the two countries.
But the meeting itself was amicable, according to Newfoundland and Labrador Premier John Hogan, who says there's still interest in economic co-operation.
U.S. President Donald Trump's trade policies and their impacts were topics of discussion, especially on the blow to tourism south of the border.
"You could really hear it in their voices and how they were talking," Hogan told CBC Radio's The St. John's Morning Show on Tuesday.
"They were just sort of asking us to recognize that it's one person doing this damage, that Americans still really much love Canadians. They want us to help them in their economic situation as well."
Hogan, along with Doug Ford of Ontario, Tim Houston of Nova Scotia, Susan Holt of New Brunswick and Rob Lantz of Prince Edward Island travelled to Boston for the meeting at the invitation of some northeastern U.S. governors in a bid to navigate Trump's trade war.
Hogan said other topics on the minds of governors were Canadian energy projects.
"There is an opportunity for Newfoundland and Labrador to continue to work with their neighbours and in particular in the field of developing more energy in our province and transmitting it somehow," said Hogan.
He also spoke optimistically about the new Churchill Falls plan that would increase hydroelectric production and how it could supply the energy needs of the northeastern U.S. in the future.
"They will have an increased ability to get extra energy, not from Canada generally, but specifically from Newfoundland and Labrador," he said.
He said he would welcome talks about wind energy, as well as natural gas.
Earlier this month the province released its natural gas resources assessments.
Hogan said the Canadian premiers got the message that Americans still "love" Canadians, but they couldn't commit to encouraging more tourists to head to the U.S.
Since Trump instigated a trade war, Canadians have been boycotting travel down south. The provincial government has previously spoken about encouraging more travellers to visit Newfoundland and Labrador.
Hogan said the number of tourists coming to the province hasn't fallen like they have in the U.S.
"I think that we see Canadians from across the country traveling to Newfoundland and Labrador rather than coming down to the States," said Hogan.
"So certainly, we're happy that our tourism numbers are still as good or better than they have been in the past."
Of the governors who attended Monday's meeting, only one was a Republican — Vermont's Phil Scott — which raises the question on how effective the meeting could be in swaying Trump's mind.
Hogan said Canadians are sending a message to Americans, as well as Trump, by not travelling to the country or buying their products.
"I think they need to step up their messaging to their constituents here in New England if they want to make any change with regards to what's happening in Washington," he said.
Download our free CBC News app to sign up for push alerts for CBC Newfoundland and Labrador. Click here to visit our landing page.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
32 minutes ago
- Yahoo
Retail investors account for 42% of Count Limited's (ASX:CUP) ownership, while institutions account for 39%
Significant control over Count by retail investors implies that the general public has more power to influence management and governance-related decisions A total of 8 investors have a majority stake in the company with 50% ownership Insiders have been buying lately Trump has pledged to "unleash" American oil and gas and these 15 US stocks have developments that are poised to benefit. To get a sense of who is truly in control of Count Limited (ASX:CUP), it is important to understand the ownership structure of the business. With 42% stake, retail investors possess the maximum shares in the company. Put another way, the group faces the maximum upside potential (or downside risk). And institutions on the other hand have a 39% ownership in the company. Insiders often own a large chunk of younger, smaller, companies while huge companies tend to have institutions as shareholders. In the chart below, we zoom in on the different ownership groups of Count. View our latest analysis for Count Institutions typically measure themselves against a benchmark when reporting to their own investors, so they often become more enthusiastic about a stock once it's included in a major index. We would expect most companies to have some institutions on the register, especially if they are growing. We can see that Count does have institutional investors; and they hold a good portion of the company's stock. This suggests some credibility amongst professional investors. But we can't rely on that fact alone since institutions make bad investments sometimes, just like everyone does. When multiple institutions own a stock, there's always a risk that they are in a 'crowded trade'. When such a trade goes wrong, multiple parties may compete to sell stock fast. This risk is higher in a company without a history of growth. You can see Count's historic earnings and revenue below, but keep in mind there's always more to the story. It looks like hedge funds own 5.8% of Count shares. That's interesting, because hedge funds can be quite active and activist. Many look for medium term catalysts that will drive the share price higher. Our data shows that First Sentier Investors (Australia) IM Ltd is the largest shareholder with 25% of shares outstanding. Xplore Wealth Limited, Asset Management Arm is the second largest shareholder owning 12% of common stock, and Ryder Investment Management Pty Limited holds about 5.8% of the company stock. We did some more digging and found that 8 of the top shareholders account for roughly 50% of the register, implying that along with larger shareholders, there are a few smaller shareholders, thereby balancing out each others interests somewhat. Researching institutional ownership is a good way to gauge and filter a stock's expected performance. The same can be achieved by studying analyst sentiments. There is some analyst coverage of the stock, but it could still become more well known, with time. The definition of an insider can differ slightly between different countries, but members of the board of directors always count. The company management answer to the board and the latter should represent the interests of shareholders. Notably, sometimes top-level managers are on the board themselves. I generally consider insider ownership to be a good thing. However, on some occasions it makes it more difficult for other shareholders to hold the board accountable for decisions. It seems insiders own a significant proportion of Count Limited. It has a market capitalization of just AU$157m, and insiders have AU$16m worth of shares in their own names. We would say this shows alignment with shareholders, but it is worth noting that the company is still quite small; some insiders may have founded the business. You can click here to see if those insiders have been buying or selling. The general public-- including retail investors -- own 42% stake in the company, and hence can't easily be ignored. This size of ownership, while considerable, may not be enough to change company policy if the decision is not in sync with other large shareholders. I find it very interesting to look at who exactly owns a company. But to truly gain insight, we need to consider other information, too. To that end, you should be aware of the 2 warning signs we've spotted with Count . But ultimately it is the future, not the past, that will determine how well the owners of this business will do. Therefore we think it advisable to take a look at this free report showing whether analysts are predicting a brighter future. NB: Figures in this article are calculated using data from the last twelve months, which refer to the 12-month period ending on the last date of the month the financial statement is dated. This may not be consistent with full year annual report figures. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
The Hill
33 minutes ago
- The Hill
EPA reconsidering ban on asbestos
The Big Story The Trump administration will reconsider a Biden-era regulation that aims to ban or phase out ongoing uses of asbestos, revealing its plans regarding the rule in a court filing Monday. © Photo byThe filing did not provide additional details on what changes the Trump administration could make, if any, but not much was done to tackle the issue during Trump's first term. Exposure to asbestos causes lung cancer and mesothelioma, a rare cancer that occurs in the lining of the lung, chest and the abdomen and heart. Asbestos-related diseases are estimated to kill thousands of Americans each year. Last year, the Environmental Protection Agency (EPA) said it would require companies to phase out their uses of a type of asbestos known as chrysotile asbestos, which is the only known type of asbestos used in the U.S. Under its rule, companies making automotive breaks would have six months to stop making products with asbestos, while other industries would have more time. Most sheet gaskets, a type of seal, that contain asbestos will be banned after two years, while the chlor-alkali sector, which makes chemicals like chlorine for treating water, would have up to 12 years to make the change. The chemical industry sued the EPA over the rule. When Trump took office, his administration asked the court to pause the case while it decided what it wanted to do. The administration now says it plans to reconsider the Biden rule through a formal rulemaking process. It said this process, 'including any regulatory changes,' could take about 2 1/2 years. Read more at Welcome to The Hill's Energy & Environment newsletter, I'm Rachel Frazin — keeping you up to speed on the policies impacting everything from oil and gas to new supply chains. Did someone forward you this newsletter? Subscribe here. Essential Reads How policy will affect the energy and environment sectors now and in the future: Senate, House GOP poised for clash on green energy tax credits The Senate's more flexible approach to rolling back green energy subsidies is putting the upper chamber on a collision course with the conservative House Freedom Caucus. Trump administration proposes expansion of Arctic drilling The Trump administration wants to open up more than 80 percent of a publicly owned area of the Western Arctic for oil and gas drilling. NAACP planning to sue Musk AI company over supercomputer pollution The NAACP and an environmental group are planning to sue Elon Musk's artificial intelligence company xAI, amid concerns that its supercomputer facility is prompting air pollution in Memphis, the groups announced Tuesday. What We're Reading News we've flagged from other outlets touching on energy issues, the environment and other topics: Spain's government blames huge blackout on grid regulator and private firms (BBC) On Tap Upcoming news themes and events we're watching: What Others are Reading Two key stories on The Hill right now: Appeals panel scrutinizes judge's block on Trump national guard deployment California Gov. Gavin Newsom (D) got a frosty reception at a federal appeals court Tuesday afternoon as it scrutinized a lower judge's ruling blocking President Trump's federalization of the National Guard in Los Angeles. The three-judge panel on the U.S. Court of Appeals for the 9th Circuit appeared inclined to let Trump maintain control of the guardsmen, weighing the scope of the president's discretion in times of conflict and whether the courts have the authority to intervene at all. Read more Noem taken to hospital after allergic reaction Department of Homeland Security (DHS) Secretary Kristi Noem was taken to a hospital on Tuesday after having an allergic reaction, according to the department. Read more You're all caught up. See you tomorrow! Thank you for signing up! Subscribe to more newsletters here
Hamilton Spectator
35 minutes ago
- Hamilton Spectator
‘It's up to them': Donald Trump says Canada will get a ‘much better deal' if it becomes the 51st American state
KANANASKIS, ALTA. — The hustle is on. U.S. President Donald Trump says Canada will soon pay a lot of money in tariffs if it cannot reach a speedy trade deal, and faces a $71 billion entry fee to join the 'Golden Dome' missile defence project as he claimed Prime Minister Mark Carney wants — or it could choose the no-cost option of becoming his country's 51st state. Trump touted American statehood for Canada after he left the country, and the leaders had tasked their negotiating teams with a mandate to strike a deal quickly on punitive tariffs he's slapped on Canadian products. Trump has a long list of what he calls unfair Canadian trading practices, ranging from dairy quotas, banking rules and digital services taxes that hit U.S.-based big tech companies to sales taxes and even bilingual labelling laws. Sources who spoke to the Star on the condition that they not be named, because they were not authorized to speak publicly, say he pressed some of those concerns again with Carney when they met behind closed doors Monday. Trump described their one-on-one meeting as 'good,' but he repeated his assertion Monday that Carney's team is looking for something more 'complex' than he is, without elaborating. 'Well, they get too complex with the deals and they never get done, and we need speed,' Trump said. The Canadians say they will try to stick a landing on a deal with Trump in the next 30 days. Trump left the G7 summit in Kananaskis late Monday, telling reporters aboard Air Force One that Canada would have a 'much better deal' if it became part of the United States — 'but you know it's up to them.' 'They're going to have to pay a lot of tariffs and things, they're going to have to pay a lot of money for the dome, for the iron (sic) dome,' he said. 'They want to be a part of it. We may make a separate deal on that by the way,' suggesting tariffs and a deal on the Golden Dome would be two different agreements. 'They want to be in: $71 billion,' Trump said, using a number higher than the $61 billion he has previously pegged as the price tag of Canada's participation in ballistic missile shield. Trump said he left the G7 summit early so he could be 'more well versed' and not have to 'use telephones' to get briefed in Washington. The White House said he left to deal with the escalating Iran-Israel crisis. While Trump departed before a scheduled meeting Tuesday with Ukrainian President Volodymyr Zelenskyy and his delegation, G7 sources said he stayed until after a dinner with the G7 leaders on Monday evening precisely to discuss Iran and Ukraine and matters of global security. Canadian officials in Alberta said they wouldn't comment because Trump had said nothing new. Carney is scheduled to hold a closing news conference later Tuesday. The only comment was from Industry Minister Mélanie Joly, who spoke to reporters from Paris, and said that she won't 'negotiate in public' about whether Canada will join Trump's Golden Dome. She also declined to discuss the possibility of additional counter-tariffs against American imports in response to Trump doubling tariffs on Canadian steel and aluminum. Calling the American tariffs 'not only illegal and unjustified' but 'outrageous,' Joly reiterated comments that Canada is striving for 'free trade in the real sense of the term.' Carney's starting position is that Trump must drop all tariffs and adhere to the Canada-U.S.-Mexico free trade deal the president signed in 2018. Since Trump returned to the White House in January, he's slapped so-called border tariffs, 50 per cent steel and aluminum tariffs, and 25 per cent auto tariffs on Canada, and levied a baseline 10 per cent tariff on U.S. trading partners globally while he negotiates 'deals' to reduce additional 'reciprocal' surcharges in exchange for concessions the U.S. wants. 'You know, we're dealing with, really if you think about it, probably 175 countries, and most of them are just going to be sent a letter saying it would be an honour to trade with you and here's what you have to pay to do it,' Trump said during his return flight to Washington. Carney was set to meet Tuesday with Mexican President Claudia Sheinbaum on the sidelines of the summit. Trump said his tariff policy — the objective of which is to repatriate manufacturing to the U.S. and act as a revenue-generator to deal with the U.S debt — is a success, and claimed it has already generated $88 billion in revenue. At the G7, Trump signed a new deal with British Prime Minister Keir Starmer that nevertheless retains a 10 per cent tariff on most British goods. He said there is a 'chance' of a deal with Japan, but 'they're 'tough,' while he said the European Union leaders were not 'offering a fair deal yet.' Trump also vowed new tariffs on the pharmaceutical sector are coming soon. With files from Alex Ballingall
