China hitting Canada with 100% tariff on canola oil and peas
The Canadian Canola industry is under attack again from China. New Chinese tariffs are in response to the federal government's decision last October to impose 100 per cent tariffs on Chinese electric vehicles and a 25 per cent levy on its aluminum and steel products.
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Toronto Sun
18 minutes ago
- Toronto Sun
U.S. and China are holding trade talks after Trump's call with Xi
Published Jun 09, 2025 • 1 minute read This combination of pictures created on June 4, 2025 shows, L/R, Chinese President Xi Jinping at the Great Hall of the People in Beijing on May 13, 2025 and US President Donald Trump in the Oval Office of the White House in Washington, DC, on May 30, 2025. Photo by TINGSHU WANG,ALLISON ROBBERT / AFP via Getty Images LONDON (AP) — High-level delegations from the United States and China are meeting in London on Monday to try and shore up a fragile truce in a trade dispute that has roiled the global economy, This advertisement has not loaded yet, but your article continues below. THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY Subscribe now to read the latest news in your city and across Canada. Unlimited online access to articles from across Canada with one account. Get exclusive access to the Toronto Sun ePaper, an electronic replica of the print edition that you can share, download and comment on. Enjoy insights and behind-the-scenes analysis from our award-winning journalists. Support local journalists and the next generation of journalists. Daily puzzles including the New York Times Crossword. SUBSCRIBE TO UNLOCK MORE ARTICLES Subscribe now to read the latest news in your city and across Canada. Unlimited online access to articles from across Canada with one account. Get exclusive access to the Toronto Sun ePaper, an electronic replica of the print edition that you can share, download and comment on. Enjoy insights and behind-the-scenes analysis from our award-winning journalists. Support local journalists and the next generation of journalists. Daily puzzles including the New York Times Crossword. REGISTER / SIGN IN TO UNLOCK MORE ARTICLES Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account. Share your thoughts and join the conversation in the comments. Enjoy additional articles per month. Get email updates from your favourite authors. THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK. Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account Share your thoughts and join the conversation in the comments Enjoy additional articles per month Get email updates from your favourite authors Don't have an account? Create Account A Chinese delegation led by Vice Premier He Lifeng was due to hold talks with U.S. Commerce Secretary Howard Lutnick, Treasury Secretary Scott Bessent and Trade Representative Jamieson Greer at a U.K. government building. The talks, which are expected to last at least a day, follow negotiations in Geneva last month that brought a temporary respite in the trade war. The two countries announced May 12 they had agreed to a 90-day suspension of most of the 100%-plus tariffs they had imposed on each other in an escalating trade war that had sparked fears of recession. The U.S. and China are the world's biggest and second-biggest economies. Chinese trade data shows that exports to the United States fell 35% in May from a year earlier. This advertisement has not loaded yet, but your article continues below. Since the Geneva talks, the U.S. and China have exchanged angry words over advanced semiconductors that power artificial intelligence, ' rare earths ' that are vital to carmakers and other industries, and visas for Chinese students at American universities. President Donald Trump spoke at length with Chinese leader Xi Jinping by phone last Thursday in an attempt to put relations back on track. Trump announced on social media the following day that the trade talks would resume in London. The U.K. government says it is providing the venue and logistics but is not involved in the talks, though British Treasury chief Rachel Reeves met with both Bessent and He on Sunday. 'We are a nation that champions free trade and have always been clear that a trade war is in nobody's interests, so we welcome these talks,' the British government said in a statement. Canada World Sunshine Girls Golf Editorial Cartoons
Cision Canada
32 minutes ago
- Cision Canada
CRTC takes action to support local news across Canada Français
GATINEAU, QC, June 9, 2025 /CNW/ - The CRTC is taking another step forward to implement the modernized Broadcasting Act (the Act) by helping independent Canadian television stations access more funding from the Independent Local News Fund (ILNF). The Act requires the CRTC to modernize Canada's broadcasting framework and ensure that online streaming services make meaningful contributions to Canadian and Indigenous content. As part of this work, the CRTC launched a consultation to review how the ILNF can better support local news. The CRTC received a number of comments on the public record, including from broadcasters, community stations, and other groups. Based on the public record, today's decision confirms the eligibility criteria for television stations to access more funding from the ILNF, continues to ensure fair distribution of funding, and supports the distribution of local news by requiring ILNF recipients to make it available online. This decision follows a number of actions the CRTC has taken to implement the modernized Act. To find out more, check out the CRTC's regulatory plan. Quick facts The CRTC is an independent quasi-judicial tribunal that regulates the Canadian communications sector in the public interest. The CRTC holds public consultations on telecommunications and broadcasting matters and makes decisions based on the public record. The CRTC is fulfilling the mandate given to it by Parliament to modernize Canada's broadcasting framework. To date, the CRTC has launched 15 public consultations to implement the modernized Act. Today's decision also confirms that since Corus Entertainment Inc. is an independent broadcaster, its 15 Global stations are eligible to receive funding from the ILNF. Associated links Stay Connected Follow us on X @CRTCeng Like us on Facebook
The Market Online
an hour ago
- The Market Online
Metal Gains Lift TSX Futures
A tip up for futures of Canada's main stock index this morning, backed by strong metal gains, and investor eyes on the high-stakes talks in London later today continuing US- China trade talks. Market Numbers (Futures) TSX :Up ( 0.17%) 26,474.06TSXV: Up (0.46%) 721.60DOW: Up (0.14%) 42,867.00NASDAQ: Up (0.11%) 21,813.00 FTSE: Up (0.02%) 8,812.84 In the Headlines: Two major environmental groups are backing Nova Scotia's aggressive offshore wind expansion plan—an early endorsement that could shape the province's next big energy and investment play. And,DHL Express has locked out over 2,100 workers across Canada, escalating tensions in an already strained parcel delivery sector even as the company rolls out contingency plans to maintain service for more than 50,000 customers Currencies Update: (Futures) The Canadian holding strong to the greenback, up 0.07% to $0.7312 U.S., down against the Euro by 0.05% to $0.6401 and Bitcoin adds on a quick 1.73% to 147,265.38 Commodities: (Futures) Natural Gas: Down (1.45%), 3.73WTI: Up (0.65%), 65.00Gold: Up (0.14%), 3,314.95 Copper: Up (0.83%) 6.12 To stay up-to-date on all of your market news head to Join the discussion: Find out what everybody's saying check out the rest of Stockhouse's stock forums and message boards. The material provided in this article is for information only and should not be treated as investment advice. For full disclaimer information, please click here
