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CTV News
2 hours ago
- CTV News
Trump says Canada backing statehood for Palestine makes it ‘very hard' to negotiate U.S. trade deal
Prime Minister Mark Carney and U.S. President Donald Trump meet at the White House in Washington, D.C., on May 6, 2025. (Adrian Wyld / The Canadian Press) U.S. President Donald Trump says Canada backing statehood for Palestine makes it 'very hard' for the United States to achieve a trade deal with its northern neighbour. 'Wow! Canada has just announced that it is backing statehood for Palestine,' Trump wrote in a post on Truth Social. 'That will make it very hard for us to make a Trade Deal with them. Oh' Canada!!!' Trump Truth Social Canada Palestine U.S. President Donald Trump says Canada recognizing statehood of Palestine makes it 'very hard' for two sides to reach trade deal. (Truth Social screenshot) The post comes hours before the president's Aug. 1 trade deadline, in which he's previously stated he would impose 35 per cent tariffs on Canada if the two sides could not come to an agreement. This is a late breaking update. Previous copy from The Canadian Press is below… Prime Minister Mark Carney said on Wednesday that Canada's negotiations with the United States might not conclude by Donald Trump's Aug. 1 deadline as the president added new trade measures that could further hinder some Canadian businesses. Carney said talks have been complex, comprehensive and constructive. He also said they are ongoing and cover 'a broad variety of topics.' 'There are many areas for co-operation between Canada and the United States, including defence spending, security spending, investments, which is one of the reasons why we're having these broader discussions,' Carney said at a news conference in Ottawa. Trump sent a letter to Carney threatening to impose 35 per cent tariffs if Canada doesn't make a trade deal by Friday. The White House has said those duties would not apply to goods compliant with the Canada-U.S.-Mexico Agreement on trade, better known as CUSMA. The Canadian economy is also being slammed by Trump's Section 232 tariffs on steel, aluminum and automobiles. Trump on Wednesday signed executive orders for 50 per cent tariffs on semi-finished copper products starting Friday. The president, however, didn't include imports of the refined metal in his order, leaving many in the Canadian copper industry feeling relieved. In a separate order, Trump suspended de minimis exemptions — which had allowed packages worth $800 or less to ship to the United States to avoid tariffs. As part of his reasoning for the change, Trump cited the flow of fentanyl into the United States. Canadian Federation of Independent Business President and CEO Dan Kelly said suspending the de minimis exemption 'is bad news for many Canadian small businesses.' The federation's data shows about one-third of small Canadian exporters used the exemption to ship to U.S. consumers duty free, Kelly said in a post on social media. Pascal Chan, the vice president of strategic policy and supply chains at the Canadian Chamber of Commerce, said it adds 'another layer of uncertainty for Canadian businesses exporting to the U.S.,' particularly small- and medium-sized businesses. 'Any increase in compliance costs and delivery delays will only serve to compound the pressure on the cross-border supply chains that have long fuelled our shared economic prosperity,' Chan said in a statement. The latest trade changes comes as countries around the world are set to face staggering tariffs when Trump's deadline to make deals passes. Trump announced a deal with South Korea Wednesday which will see the country slapped with a 15 per cent tariff. The president said South Korea 'will give to the United States $350 Billion Dollars for Investments owned and controlled by the United States, and selected by myself, as President. In apost on social media Trump said South Korea will also 'purchase $100 Billion Dollars of LNG, or other Energy products.' In a separate post the president also said he 'concluded a Deal with the Country of Pakistan, whereby Pakistan and the United States will work together on developing their massive Oil Reserves' but Trump didn't provide details of a tariff rate. Frameworks of deals have previously been announced for the European Union, Japan, Vietnam, Indonesia, the Philippines and the United Kingdom — with all nations facing some level of baseline tariff. Not all the details of the deals are clear but Trump has said countries can 'buy down' the tariff rate and most agreements have come with announcements of billion-dollar investments. Trump on Wednesday also escalated his threats against Brazil — which will be hit a 50 per cent duty — and India — which will face a 25 per cent tariff, plus an additional import tax because of India purchases Russian oil. Trump has been dismissive of conversations with Canada, saying it is not a priority for his administration. The president said Wednesday that America's northern neighbour is a high-tariff nation, misrepresenting Canadian duties for agriculture imports. 'They've been charging our farmers 200 per cent, 300 per cent, 400 per cent for years and nobody did anything about it,' Trump told reporters. Carney met virtually with his cabinet earlier Wednesday for a meeting focused largely on the situation in the Middle East. Carney said Canada is seeking the best deal for Canadians and that negotiations will continue until that is achieved. He said Dominic LeBlanc, the minister responsible for Canada-U.S. trade, will remain in Washington with senior officials 'in pursuit of that goal.' With files from Catherine Morrison This report by The Canadian Press was first published July 30, 2025 Kelly Geraldine Malone, The Canadian Press
CBC
2 hours ago
- CBC
B.C. developer applauds feds' housing plans — but says more can be done
Michael Audain, the chairman of B.C.-based Polygon Homes, says he's generally supportive of federal Housing Minister Gregor Robertson's plans to speed up housing construction. However, the prominent developer says the federal government should relax rules on foreign homebuyers and the cap on foreign student numbers in order to spur the property market.
CTV News
2 hours ago
- CTV News
Weston family wants to buy Hudson's Bay charter for $12.5 million and donate it: docs
The 1670 royal charter signed by King Charles II establishing Hudson's Bay, is shown on display at the Manitoba Museum where it was loaned to be displayed alongside its permanent collection of Hudson's Bay artifacts, in this 2020 handout photo. THE CANADIAN PRESS/Handout - Manitoba Museum (Mandatory Credit) TORONTO — The royal charter that formed Hudson's Bay about 355 years ago could soon be getting a new home. The Canadian Museum of History announced Wednesday that Wittington Investments Ltd., a private Canadian holding company for the Weston family, wants to buy the document for $12.5 million and donate it to the Quebec institution. The charter was signed by King Charles II in 1670. It gave the Bay rights to a vast swath of land spanning most of Canada and extraordinary power over trade and Indigenous relations for decades more. The museum says the acquisition still needs court approval but if that is obtained, the Westons will donate the document immediately and permanently. 'At a time when Canada is navigating profound challenges and seeking renewed unity, it is more important than ever that we hold fast to the symbols and stories that define us as a nation,' said Galen Weston in a statement. 'The Royal Charter is an important artifact within Canada's complex history. Our goal is to ensure it is preserved with care, shared with integrity, and made accessible to all Canadians, especially those whose histories are deeply intertwined with its legacy.' His family made its fortune through Canadian retail chains including Holt Renfrew, as well as several European department stores. As part of its proposed purchase of the charter, the family has offered $1 million in additional funding. The museum said it will support 'a meaningful consultation process' with Indigenous Peoples on how the Royal Charter 'can be shared, interpreted and contextualized in a manner that respects Indigenous perspectives and historical experiences.' The funding will help the museum share the charter with other museums and through public exhibitions. Caroline Dromaguet, the museum's president and CEO, said the donation is of 'enormous importance to Canada' and 'will serve as a catalyst for national dialogue, education and reconciliation for generations to come.' The Westons expressed an interest in the charter in May, after the Bay filed for creditor protection in March under the weight of $1.1 billion in debt. It made a formal offer by June. The Bay was drawn to the $12.5 million offer because it 'substantially' exceeded the value the charter had been given during a 2022 insurance appraisal, said Adam Zalev, co-founder of Bay financial advisor Reflect Advisors, in a court filing made Wednesday. The Bay also liked the offer because of the additional funding to ensure Indigenous communities and archival institutes have access to the charter. The charter was originally due to be sold during a future auction the Bay was preparing to run with Heffel Gallery to sell 2,700 artifacts and 1,700 art pieces the retailer owned. A court motion filed Wednesday asks a judge to approve the removal of the charter from any eventual auction. When the Bay first floated the idea of running an auction to offload its treasures, it sparked concern from archival institutions, governments and Indigenous groups, including the Assembly of Manitoba Chiefs. They worried it would allow pieces of Canadian and Indigenous history to wind up in private hands and away from public view. To quell their concerns, the Bay started allowing groups to view an inventory of the collection if they sign non-disclosure agreements. A source familiar with the Bay's collection, who was not authorized to speak publicly, told The Canadian Press previously that paintings, point blankets, paper documents and even collectible Barbie dolls are part of the trove. Historians believe the charter is likely the most coveted piece the retailer owned. 'It's 100 per cent their crown jewel,' said Cody Groat, a historian of Canadian and Indigenous history who serves as the chair of the UNESCO Memory of the World Advisory Committee in an April interview. 'There is no doubt this is the most significant document that the Hudson's Bay Company has access to or that they've ever produced.' Thomas Caldwell, CEO of Toronto investment manager Urbana Corp., agreed. He told The Canadian Press in the spring that he was interested in purchasing and giving the parchment document with a royal wax seal to a museum. At the time, he said donating the piece would 'make more sense' for whoever buys it because 'it's a big hassle to have something historic like that in an office or in a home.' He speculated that it would need to be insured, have constant security and likely require storage in precise temperatures to preserve it. For many years, the Bay kept the royal charter at its head office in Toronto, but Zalev said it was recently moved to 'a secure facility specifically equipped to store and protect important documents, art and artifacts.' The charter was temporarily loaned to the Manitoba Museum in 2020. That museum and the Archives of Manitoba hold the bulk of the Bay's artifacts. The company donated them to the organizations in the 1990s, so many thought they'd be a natural home for the charter. 'We think of (the charter) as part of our records in a way already because ... we've got the rest of the story and so we feel like it makes sense for the charter to be here and to be as publicly accessible as any of the other records,' Kathleen Epp, keeper of Manitoba's Hudson's Bay Co. archives, told The Canadian Press in April. This report by The Canadian Press was first published July 30, 2025
