What we know about the trade deal between Ontario and Manitoba
Ontario and Manitoba are the latest provinces to sign an agreement aimed at tearing down interprovincial trade barriers. As CBC's Shawn Jeffords explains, this comes as U.S. President Donald Trump's tariffs continue to impact the Canadian economy.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
CBC
an hour ago
- CBC
Enmax electrical workers vote to authorize strike as bargaining continues
Electrical workers with Enmax have passed a strike authorization vote, granting the union's membership the right to issue strike notice to the City of Calgary-owned utility. The vote is the latest development in ongoing negotiations between Enmax and the International Brotherhood of Electrical Workers (IBEW) Local 254 following the expiration of the previous collective agreement, which covered 389 employees, on Dec. 31, 2024. Brad Dougherty, the union's business manager, told CBC News that the membership is "motivated to get a deal done at the table" and that negotiations with Enmax will take place this week. The strike authorization vote saw a 99.5 per cent member turnout, with 98.9 per cent voting in favour of authorizing job action. The vote, which was certified by the Alberta Labour Relations Board on June 2, gives IBEW Local 254 the right to serve 72-hour strike notice to Enmax within 120 days. Enmax power line technicians, power system electricians, boom truck operators and warehouse workers are among IBEW Local 254's members. Dougherty declined to provide specific details about the union's concerns with the now-expired contract, with a release sent by the union stating "key issues around wages and benefits remain unsolved." In a statement sent to CBC News, Enmax said that over the last several months it has been working with IBEW Local 254 toward renewing the collective agreement. The utility said it was "disappointed by the vote outcome" and confirmed that notice had been received regarding the union's vote in favour of supporting a strike. "We value our union team members and remain hopeful we can reach a fair and balanced agreement without disruption to our operations," Enmax said. The collective bargaining process has been ongoing since last year, with formal mediation between the union and Enmax leaving the two at an impasse. "Really, we're just looking to achieve something that's fair for our membership, and recognizing the value that they bring both to the organization and to the city as a whole," Dougherty said.
Toronto Star
2 hours ago
- Toronto Star
Trump's new travel ban takes effect as tensions escalate over immigration enforcement
WASHINGTON (AP) — President Donald Trump's new ban on travel to the U.S. by citizens from 12 mainly African and Middle Eastern countries took effect Monday amid rising tension over the president's escalating campaign of immigration enforcement. The new proclamation, which Trump signed last week, applies to citizens of Afghanistan, Myanmar, Chad, the Republic of Congo, Equatorial Guinea, Eritrea, Haiti, Iran, Libya, Somalia, Sudan and Yemen. It also imposes heightened restrictions on people from Burundi, Cuba, Laos, Sierra Leone, Togo, Turkmenistan and Venezuela who are outside the U.S. and don't hold a valid visa.
Winnipeg Free Press
3 hours ago
- Winnipeg Free Press
Asian shares rally ahead of US-China trade talks
HONG KONG (AP) — Shares rose in Asia on Monday ahead of the second round of trade talks between Washington and Beijing, due later in the day in London. Tokyo's Nikkei 225 gained 1.1% to 38,137.09 as the government reported that the Japanese economy contracted by 0.2% in the January-March quarter. In South Korea, the Kospi added 1.9% to 2,865.52. Chinese markets rose even though the government reported that exports slowed in May, growing 4.8% from a year earlier after a jump of more than 8% in April. Exports to the United States fell nearly 10% compared with a year earlier. China also reported that consumer prices fell 0.1% in May from a year earlier, marking the fourth consecutive month of deflation. Hong Kong's Hang Seng picked up 1.4% to 24,119.64 while the Shanghai Composite Index climbed 0.4% to 3,397.13. Australia's market was closed for a public holiday. On Friday, stocks gained ground on Wall Street following a better-than-expected report on the U.S. job market. The gains were broad, with every sector in the S&P 500 rising. That solidified a second consecutive winning week for the benchmark index, which has rallied back from a slump two months ago to come within striking distance of its record high. The S&P 500 rose 1% to 6,000.36. The Dow Jones Industrial Average added 1% to 42,762.87 while the Nasdaq gained 1.2%, to 19,529.95. Technology stocks, with their outsized values, led the broad gains. Chipmaker Nvidia jumped 1.2% and iPhone maker Apple rose 1.6%. Tesla rose 3.7%, regaining some of the big losses it suffered on Thursday when Trump and Musk sparred feverishly on social media. Circle Internet Group, the U.S.-based issuer of one of the most popular cryptocurrencies, rose 29.4%. That adds to its 168% gain from Thursday when it debuted on the New York Stock Exchange. U.S. employers slowed their hiring last month, but still added a solid 139,000 jobs amid uncertainty over President Donald Trump's trade war. The closely watched monthly update reaffirmed that the job market remains resilient, despite worries from businesses and consumers about the impact of tariffs on goods going to and coming from the U.S. and its most important trading partners. President Donald Trump's on-again-off-again tariffs continue to weigh on companies. Lululemon Athletica plunged 19.8% after the maker of yoga clothing cut its profit expectations late Thursday as it tries to offset the impact of tariffs while being buffeted by competition from start-up brands. Lululemon joins a wide range of companies, from retailers to airlines, that have warned investors about the potential hit to their revenue and profits because of tariffs raising costs and consumers potentially tightening their spending. Hopes that Trump will lower his tariffs after reaching trade deals with other countries are a main reason the S&P 500 has rallied back so furiously since dropping roughly 20% two months ago from an all-time high. Monday Mornings The latest local business news and a lookahead to the coming week. The economy is absorbing the impact from tariffs on a wide range of goods from key trading partners, along with raw materials such as steel. Heavier tariffs could hit businesses and consumers in the coming months. The U.S. economy contracted during the first quarter. Recent surveys by the Institute for Supply Management, a trade group of purchasing managers, found that both American manufacturing and services businesses contracted last month. On Tuesday, the Organization for Economic Cooperation and Development forecast 1.6% growth for the U.S. economy this year, down from 2.8% last year. The uncertainty over tariffs and their economic impact has put the Federal Reserve in a delicate position. In other trading early Monday, U.S. benchmark crude oil lost 3 cents to $64.55 per barrel. Brent crude, the international standard, gave up 5 cents to $66.42 per barrel. The U.S. dollar retreated to 144.42 Japanese yen from 144.85 yen. The euro edged higher, to $1.1422 from $1.1399.
