Heritage minister pitches major CBC funding hike ahead of possible snap election
Canadian Heritage Minister Pascale St-Onge is pitching a massive overhaul of CBC/Radio-Canada that would see the broadcaster's news programming be ad-free, and its per capita funding nearly doubled. But an impending snap election means that plan could never be enacted. P&P hears from Minister St-Onge.
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Globe and Mail
7 minutes ago
- Globe and Mail
Canada, U.S. exchanging potential terms on economic and security deal
Canada and the United States are exchanging potential terms of agreement in closely held talks on an economic and security deal, The Globe and Mail has learned, but these do not represent the draft text of an actual pact. 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, sources said. The Globe is not naming the sources because they were not authorized to speak publicly. It's also far from clear whether a deal will be landed anytime soon as the United States is negotiating with close to 20 other countries that are seeking relief from tariffs U.S. President Donald Trump has imposed on their products. One government official compared the documents being exchanged to term sheets in the corporate sector, which outline the ingredients of a possible deal and serve as the basis for negotiations. Canada and the U.S. are engaging in talks on a new economic and security relationship that could amount to the first phase of talks with a second phase being the renegotiation of the trilateral United States-Mexico-Canada Agreement possibly to follow as already scheduled in 2026. ArcelorMittal laying off 153 workers in Hamilton as Trump tariffs hammer the steel industry Opinion: Carney was right to not retaliate against Trump's latest tariffs The economic-defence talks are being conducted among a very small circle of officials including International Trade Minister Dominic LeBlanc, Canada's ambassador to the United States Kirsten Hillman, U.S. Commerce Secretary Howard Lutnick and Jamieson Greer, the United States Trade Representative. It's possible this deal may be an executive-handshake agreement such as the one the British government signed with the White House in May. Sources said Canada and the United States are talking about working together to counter China's unfair trade practices, a topic that could affect U.S. tariffs on Canadian steel and aluminum, and further border security arrangements to stop the illegal distribution of the opioid fentanyl. The United States also wants Canada to take a great role in securing the Arctic and join Mr. Trump's ambitious Golden Dome missile shield project – a project Prime Minister Mark Carney has publicly said would make sense for Canadians to be part of. They said each side is putting ideas on paper and sharing them as part of the talks. CBC News on Friday reported it had learned of the existence of a working document outlining details of a potential deal. CBC, citing an unidentified source, said the working document states that Canada is willing to participate in the Golden Dome security program, and it also mentions Canadian commitments to build more infrastructure in the Arctic, Canada's pledge to meet its NATO defence spending targets, as well as previously announced border security investments.
Globe and Mail
11 minutes ago
- Globe and Mail
01 Communique Engages Oak Hill
Toronto, Ontario--(Newsfile Corp. - June 11, 2025) - 01 Communique Laboratory Inc. (TSXV: ONE) (OTC Pink: OONEF) (the "Company"), one of the first-to-market, enterprise level cybersecurity providers for the quantum computing era, is pleased to announce that it has retained the services of Oak Hill Financial Inc. ("Oak Hill") to provide, among other things, investor relations, business and capital markets advisory services to the Company (the "Services"). Oak Hill is a Toronto-based investor relations and capital markets advisory firm that has been engaged to, among other things, heighten market and brand awareness for the Company as well as to broaden the awareness of the Company within the investment community via email and phone campaigns. The agreement with Oak Hill is effective as of June 10, 2025 and has an initial period of two months. The agreement is subject to TSX Venture Exchange approval. Oak Hill has agreed to comply with all applicable securities laws and policies of the TSX Venture Exchange in providing its Services. In connection with the Services, Oak Hill will be paid a monthly fee of $12,000, plus applicable taxes. Neither Oak Hill nor its principals have any interest, directly or indirectly, in the Corporation or its securities, or any right or intent to acquire such an interest. About 01 Communique Established in 1992, 01 Communique (TSXV: ONE) (OTC Pink: OONEF) has always been at the forefront of technology. The Company's cyber security business unit focuses on post-quantum cybersecurity with the development of its IronCAP™ product line. IronCAP ™ 's technologies are patent-protected in the U.S.A. by its patents #11,271,715 and #11,669,833. The Company's remote access business unit provides its customers with a suite of secure remote access services and products under its I'm InTouch and I'm OnCall product offerings. The remote access offerings are protected in the U.S.A. by its patents #6,928,479 / #6,938,076 / #8,234,701; in Canada by its patents #2,309,398 / #2,524,039 and in Japan by its patent #4,875,094. For more information, visit the Company's web site at and Neither TSX Venture Exchange ("TSX-V") nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
CTV News
14 minutes ago
- CTV News
Report recommends diverting millions in surplus cash to replenish city's rainy day fund
Winnipeg's mayor is backing a plan that would send over $10 million to the city's rainy day fund after the reserve was nearly drained during the pandemic. In a report submitted to the executive policy committee, the city's public service recommended council adopt interim measures that would transfer surplus cash to top up the financial stabilization reserve. If approved, $3.7 million from the Southwest Rapid Transitway and Pembina Highway underpass projects, $5.4 million in operational surplus from Winnipeg Transit from 2024, and $1.8 million in surplus from Animal Services, also from 2024, would be diverted to the reserve. These interim measures would bring the account's balance to $36.4 million by the end of the year—a turnaround for the fund that sat at just $2.1 million in 2022 thanks to fallout from the pandemic, inflation, and major snow events. This onslaught of costs caused the fund to fall below the council-mandated six per cent of tax-supported operating expenditures, the report noted. That's about $85.1 million as of this year. The first measure—the surplus cash from the transitway and underpass reserves—requires a two-thirds council vote, while the others only require a majority. Another $6.9 million in new, unconditional funding from the One Manitoba Growth Fund would also be allocated to the account to help manage risks until the end of the year, the service proposed. This cash was not included in the 2025 budget. Mayor Scott Gillingham said the measures would be a responsible step to strengthen the city's financial foundation and protect services. 'The financial stabilization reserve helped carry the city through the pandemic, and now we're focused on building it back up,' he said in a news release. EPC will vote on the measure at a June 17 meeting.
