
Carney to meet Trump at G7 on Monday morning, PMO says
Prime Minister Mark Carney is expected to hold a one-on-one meeting with U.S. President Donald Trump at the Group of Seven Summit Monday – an opportunity for the two men to make progress on resolving a damaging three-month trade war.
The Prime Minister's Office told reporters about the meeting on Sunday. The G7 summit is taking place in the Rocky Mountain resort of Kananaskis, Alta.
The Monday tete-a-tete would be the first time the pair have met in person since Mr. Carney visited the White House in early May.
Mr. Carney is also expected to meet Indian Prime Minister Narendra Modi in a one-on-one Tuesday.
As The Globe and Mail reported last week, Canada and the United States are exchanging potential terms of agreement in closely held talks on an economic and security deal.
These exchanges are an effort to spell out what both sides might be able to agree upon as Ottawa and Washington try to find enough common ground to end their damaging trade war.
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Globe and Mail
41 minutes ago
- Globe and Mail
3 Nuclear ETFs to Watch as U.S. Policy Sparks a Surge
While investors have generally been cautious regarding green energy since the presidential election last November, the Trump administration has recently provided multiple signals that it intends to boost domestic nuclear energy by a significant amount. In May, the president signed a series of executive orders aiming to facilitate the construction of nuclear plants on public lands, grow U.S. uranium mining operations, and, controversially, revisit exposure limits for ionizing radiation. The exact impact of these orders remains to be seen, but investors have good reason now to expect movement in companies linked to nuclear energy, particularly amid rising demand related to AI usage. Individual pure-play stocks like Denison Mines Corp. (TSE: DML) and even larger energy firms with a nuclear arm such as PG&E Corp. (NYSE: PCG) could benefit from recent government action. But investors may not wish to make a bet on individual companies while the regulatory landscape is shifting so dramatically. Instead, a number of high-quality nuclear energy exchange-traded funds (ETFs) provide a diversified alternative and excellent, broad exposure to the industry. This Uranium ETF Offers Growth and Dividends Too [content-module:CompanyOverview|NYSEARCA:URNM] Though it's down more than 2% in the last year, the Sprott Uranium Miners ETF (NYSEARCA: URNM) has surged by nearly 19% in the past month. With roughly 36 holdings, URNM is one of the more consolidated portfolios among the relatively small number of nuclear energy ETFs available. As such, investors should expect that a small number of positions will occupy outsized portions of the fund, the top two names are roughly 30% of invested assets, for example. As a uranium miners fund, URNM provides exposure to one corner of the broader nuclear energy space. The fund sets itself apart by investing a sizable portion of its asset base, nearly 12%, in the Sprott Physical Uranium Trust, a fund dedicated to holding physical uranium. Investors should also note that not every company in URNM's portfolio is exclusively dedicated to uranium mining; the fund's target index aims to include companies devoting at least 50% of their assets to the uranium mining industry. URNM's mix of assets allows it to pay an attractive dividend yield of 3.13%, making it a good choice for investors seeking both capital appreciation and passive income potential. And with an expense ratio of 0.75%, URNM is solidly in the middle when it comes to fees across the nuclear energy fund space. Global X Uranium ETF Powers Ahead With 29% Gain [content-module:CompanyOverview|NYSEARCA:URA] The Global X Uranium ETF (NYSEARCA: URA) has outperformed URNM above with one-year returns near 9% and a rally of 29% in the last month. It also enjoys substantially higher trading volumes, with a one-month average of more than 3.6 million shares. URA has close to 50 holdings and is not limited to uranium mining firms, although it is highly concentrated, with the top position occupying nearly a quarter of the portfolio. URA may be among the best options for exposure to the broad uranium industry, including both mining firms and companies involved in designing and building nuclear energy components. It has a focus across developed markets, so companies in countries heavily involved in the industry, including Canada and South Korea, among others, have prominent positions. Investors might need to know that URA has a history of fairly wide price swings, including a drop of roughly 50% from November 2024 through April 2025. Still, its expense ratio of 0.69% makes it one of the cheapest ETFs to focus exclusively on the nuclear energy space. This Nuclear ETF Is Quietly Crushing the Market [content-module:CompanyOverview|NYSEARCA:NUKZ] With an even more impressive return of 54% in the last year (and a very strong 21% boost in the past month), the Range Nuclear Renaissance Index ETF (NYSEARCA: NUKZ) targets a slightly different space than the two funds above. NUKZ is focused on companies operating within the advanced reactor, utilities, construction & services, and fuel industries. Its 45-holding portfolio is similarly focused, but assets are distributed somewhat more evenly across these positions: the largest holding is under 10% for NUKZ. NUKZ also has the advantage of a truly global focus, although its relatively smaller asset base and trading volume may offset this in comparison with URNM and URA. Investors should also not expect much by way of dividend payments from NUKZ, and its fee is slightly higher at 0.85%. Still, if it can maintain recent momentum, these other factors may not matter much to investors. Where Should You Invest $1,000 Right Now? Before you make your next trade, you'll want to hear this. MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. Our team has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and none of the big name stocks were on the list. They believe these five stocks are the five best companies for investors to buy now...


Winnipeg Free Press
an hour ago
- Winnipeg Free Press
North Carolina redistricting trial begins, with racial gerrymandering allegations the focus
RALEIGH, N.C. (AP) — North Carolina congressional and legislative districts drawn by Republicans that helped them retain majorities in Raleigh and Washington are in court, as federal lawsuits accuse mapmakers of illegally eroding Black voting power in the process. A trial scheduled by a three-judge panel will start Monday in Winston-Salem over allegations that GOP legislative leaders violated federal law and the U.S. Constitution when they enacted new electoral maps in the ninth-largest state in October 2023. Republican leaders counter that lawfully partisan — and not racial — considerations helped inform their decision-making. The lines were used in the 2024 elections, after which Republicans kept General Assembly majorities and flipped three U.S. House seats held by Democratic incumbents who didn't seek reelection because they decided the recast district made winning impossible. Those seat flips, which turned a 7-7 delegation into one with a 10-4 Republican advantage, helped the GOP keep narrow control of the House, which has helped advance President Donald Trump's agenda. Favorable rulings for the plaintiffs could force Republicans to redraw maps for the 2026 elections, making it harder to retain their partisan advantage. Otherwise, the districts could be used through the 2030 elections. Who is suing and what they allege The trial involves two lawsuits filed in late 2023. In one lawsuit, the North Carolina NAACP, Common Cause and several Black residents originally sued over redrawn state House and Senate maps and U.S. House districts. The other lawsuit filed by nearly 20 Black and Latino voters focused on the new congressional districts, four of which they argue are illegal racial gerrymanders. Pretrial rulings this spring and amended litigation dismissed challenges to the state House map and narrowed state Senate arguments to a handful of districts. Still, both lawsuits claim that lines are so skewed for GOP candidates that many Black voters cannot elect their preferred candidates, violating the Voting Rights Act. They allege the mapmakers submerged or spread out Black voting blocs, which historically have favored Democrats, into surrounding districts with white majorities — benefiting Republicans. They point to a region where the cities of Greensboro, High Point and Winston-Salem are located. They said Republicans split the region's concentrated Black voting population within multiple U.S. House districts. Then-Rep. Kathy Manning, a Greensboro Democrat, decided not to run again because her district shifted to the right. The plaintiffs also allege Republican mapmakers intentionally discriminated against Black and Latino voters. Republicans: Redistricting considered politics, not race In a pretrial brief, lawyers for Republican leaders say the lawmakers used mapmaking rules that prohibited using data identifying the race of voters, in keeping with rulings on previous North Carolina redistricting maps in which judges chided them for emphasizing race. Instead, Republicans were able to lawfully use partisan data — like statewide election results — in drawing the new maps, the lawyers said. They cite a 2019 U.S. Supreme Court decision and an April 2023 state Supreme Court decision that neutered legal claims of illegal partisan gerrymandering. The plaintiffs counter that the 'racial sorting' within the challenged districts can't be explained by politics alone. Who is hearing the case, and when will there be a ruling? The three judges were all nominated to the bench by Republican presidents: 4th U.S. Circuit Court of Appeals Judge Allison Rushing (Donald Trump) and District Judges Thomas Schroeder (George W. Bush) and Richard Myers (Trump). The panel has set aside several days for a trial that won't end until July 9. Likely witnesses include individual plaintiffs, state legislators, redistricting experts and historians. No immediate decision is expected — the legal sides have until early August to file additional briefs. The court's ruling can be appealed. With candidate filing for the 2026 election starting Dec. 1, any required remapping would have to be completed by late fall to avoid election disruptions. Redistricting history North Carolina has a long history of redistricting litigation in federal courts. The U.S. Supreme Court ruled in landmark cases in the 1980s, 1990s and 2000s involving racial bias and the extent to which racial considerations could be used in forming districts that favored the election of Black candidates. The court's 2019 decision on partisan gerrymandering stemmed from a North Carolina case. The current maps were drawn after the state Supreme Court, with a Republican seat majority, essentially struck down rulings the court made in 2022 when it had a Democratic majority. Two other lawsuits challenging the 2023 district boundaries are pending. Statewide races in North Carolina are close, and Democrats have held the governor's mansion for most of the past 30 years. But Republicans have controlled the General Assembly — and thus redistricting — since 2011. Redistricting maps can't be blocked by a governor's veto.


Winnipeg Free Press
an hour ago
- Winnipeg Free Press
Coming to America? In 2025, the US to some looks less like a dream and more like a place to avoid
LONDON (AP) — The world may be rethinking the American dream. For centuries, people in other countries saw the United States as place of welcome and opportunity. Now, President Donald Trump's drive for mass deportations of migrants is riling the streets of Los Angeles, college campuses, even churches — and fueling a global rethinking about the virtues and promise of coming to America. 'The message coming from Washington is that you are not welcome in the United States,' said Edwin van Rest, CEO of Studyportals, which tracks real-time searches by international students considering studying in other countries. Student interest in studying in America has dropped to its lowest level since the COVID-19 pandemic, it found. 'The fact is, there are great opportunities elsewhere.' There has long been a romanticized notion about immigration and America. The reality has always been different, with race and ethnicity playing undeniable roles in the tension over who can be an American. The U.S. still beckons to the 'huddled masses' from the pedestal of the Statue of Liberty. The strong economy has helped draw millions more every year, with the inflow driving the U.S. population over 340 million. Early clues across industries — like tourism, trade, entertainment and education — suggest the American dream is fading for foreigners who have historically flooded to the U.S. Polling by Pew Research Center from January through April found that opinions of the U.S. have worsened over the past year in 15 of the 24 countries it surveyed. Trump and many of his supporters maintain that migrants in the country illegally threaten American safety, jobs and culture. But people in the country legally also have been caught in Trump's dragnet. And that makes prospective visitors to the U.S., even as tourists, leery. Trump's global tariff war and his campaign against international students who have expressed pro-Palestinian sympathies stick especially stubbornly in the minds of people across American borders who for decades clamored to participate in the land of free speech and opportunity. 'The chances of something truly horrific happening are almost certainly tiny,' Duncan Greaves, 62, of Queensland, Australia, advised a Reddit user asking whether to risk a vacation to the land of barbeques, big sky country and July 4 fireworks. 'Basically it's like the Dirty Harry quote: 'Do you feel lucky?'' 'American Creed,' American dilemma For much of its history, America had encouraged immigration as the country sought intellectual and economic fuel to spur its growth. But from the beginning, the United States has wrestled with the question of who is allowed to be an American. The new country was built on land brutally swiped from Native Americans. It was later populated by millions of enslaved Africans. The American Civil War ignited in part over the same subject. The federal Chinese Exclusion Act of 1882 prohibited the immigration of Chinese laborers for a decade. During World War II, the U.S. government incarcerated about 120,000 people of Japanese descent in 10 concentration camps. About two-thirds were U.S. citizens. Still, the United States has always been a nation of immigrants, steered by the 'American Creed' developed by Thomas Jefferson, which posits that the tenets of equality, hard work and freedom are inherently American. Everyone, after all, comes from somewhere — a fact underscored on-camera in the Oval Office this month when German Chancellor Friedrich Merz gave the president the framed birth certificate of Trump's grandfather, also named Friedrich, who emigrated from Germany in 1885. He was one of millions of Germans who fled war and economic strife to move to the United States in the late 19th Century. There's a story there, too, that suggests the Trump family knows both the triumphs of immigration and the struggle and shame of being expelled. After marrying and making a fortune in America, the elder Trump attained U.S. citizenship and tried return to Germany. He was expelled for failing to complete his military service — and wrote about the experience. 'Why should we be deported? This is very, very hard for a family,' Friedrich Trump wrote to Luitpold, prince regent of Bavaria in 1905, according to a translation in Harper's magazine. 'What will our fellow citizens think if honest subjects are faced with such a decree — not to mention the great material losses it would incur.' Trump himself has married two immigrant women: the late Ivana Zelníčková Trump, of what's now the Czech Republic, and his current wife, Melania Knauss Trump of Slovenia. They're still coming to America. To Trump, that's long been a problem It's hard to overstate the degree to which immigration has changed the face and culture of America — and divided it. Immigration in 2024 drove U.S. population growth to its fastest rate in 23 years as the nation surpassed 340 million residents, the U.S. Census Bureau said in December. Almost 2.8 million more people immigrated to the United States last year than in 2023, partly because of a new method of counting that adds people who were admitted for humanitarian reasons. Net international migration accounted for 84% of the nation's 3.3 million-person increase in the most recent data reported. Immigration accounted for all of the growth in 16 states that otherwise would have lost population, according to the Brookings Institution. But where some Americans see immigration largely as an influx of workers and brain power, Trump sees an 'invasion,' a longstanding view. Since returning to the White House, Trump has initiated an far-reaching campaign of immigration enforcement that has pushed the limits of executive power and clashed with federal judges trying to restrain him over his invocation of special powers to deport people, cancel visas and deposit deportees in third countries. In his second term, unlike his first, he's not retreating from some unpopular positions on immigration. Instead, the subject has emerged as Trump's strongest issue in public polling, reflecting both his grip on the Republican base and a broader shift in public sentiment. A June survey from The Associated Press-NORC Center for Public Affairs Research found that 46% of U.S. adults approve of Trump's handling of immigration, which is nearly 10 percentage points higher than his approval rating on the economy and trade. The poll was conducted at the beginning of the Los Angeles protests and did not include questions about Trump's military deployment to the city. Other countries, such as Denmark, open their doors The U.S. is still viewed as an economic powerhouse, though people in more countries consider China to be the world's top economy, according to the Pew poll, and it's unclear whether Trump's policies could cause a meaningful drain of international students and others who feel under siege in the United States. Netherlands-based Studyportals, which analyzes the searches for international schools by millions of students worldwide, reported that weekly pageviews for degrees in the U.S, collapsed by half between Jan. 5 and the end of April. It predicted that if the trend continues, the demand for programs in the U.S. could plummet further, with U.S. programs losing ground to countries like the United Kingdom and Australia. 'International students and their families seek predictability and security when choosing which country to trust with their future,' said Fanta Aw, CEO of NAFSA, which represents international educators. 'The U.S. government's recent actions have naturally shaken their confidence in the United States.'