Trump's tariff games + hotline for drug users
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Toronto Star
3 minutes ago
- Toronto Star
LeBlanc says he expects Carney, Trump will speak in the coming days
OTTAWA - Dominic LeBlanc says he expects Prime Minister Mark Carney and U.S. President Donald Trump will speak 'over the next number of days' as the United States ratchets up pressure in trade talks. The Canada-U.S. trade minister appeared on CBS's 'Face the Nation' on Sunday and spoke about where talks stand between the two countries.
Winnipeg Free Press
3 minutes ago
- Winnipeg Free Press
LeBlanc says he expects Carney, Trump will speak in the coming days
OTTAWA – Dominic LeBlanc says he expects Prime Minister Mark Carney and U.S. President Donald Trump will speak 'over the next number of days' as the United States ratchets up pressure in trade talks. The Canada-U.S. trade minister appeared on CBS's 'Face the Nation' on Sunday and spoke about where talks stand between the two countries. LeBlanc told host Margaret Brennan that while Canada is 'disappointed' with Trump's new 35-per-cent tariffs, he is continuing to work toward a deal that would hopefully strike down trade restrictions between the nations. LeBlanc was in Washington last week attempting to find common ground with the Trump administration ahead of Friday's deadline to secure a new deal between the trading partners. While Mexico was granted a 90-day delay on new duties, Trump on Friday hit Canada with a 35-per-cent tariff on all goods that are not compliant with the Canada-U.S.-Mexico Agreement on trade. Monday Mornings The latest local business news and a lookahead to the coming week. Canada also continues to face U.S. tariffs on steel, aluminum and automobiles as well as Trump's new 50-per-cent tariffs on semi-finished copper products. This report by The Canadian Press was first published Aug. 3, 2025.
Winnipeg Free Press
33 minutes ago
- Winnipeg Free Press
OPEC+ countries to boost oil production by 547,000 barrels per day
NEW YORK (AP) — A group of countries that are part of the OPEC+ alliance of oil-exporting countries has agreed to boost oil production, a move some believe could lower oil and gasoline prices, citing a steady global economic outlook and low oil inventories. The group met virtually on Sunday and announced that eight of its member countries would increase oil production by 547,000 barrels per day in September. The countries boosting output, including Saudi Arabia, Russia, Iraq, United Arab Emirates, Kuwait, Kazakhstan, Algeria and Oman, had been participating in voluntary production cuts, initially made in November 2023, which were scheduled to be phased out by September 2026. The announcement means the voluntary production cuts will end ahead of schedule. The move follows an OPEC+ decision in July to boost production by 548,000 barrels per day in August. OPEC said the production adjustments may be paused or reversed as market conditions evolve. When production increases, oil and gasoline prices may fall. But Brent crude oil, which is considered a global benchmark, has been trading near $70 per barrel, which could be due to a potential loss of Russian oil on the market and a large rise in crude inventories in China, according to research firm Clearview Energy Partners. Monday Mornings The latest local business news and a lookahead to the coming week. 'President Trump has not obviously relented from his threat to sanction Russian energy if the Kremlin does not reach a peace deal with Ukraine as of August 7, potentially via 'secondary tariffs' on buyers,' Clearview Energy Partners said in an analyst note Sunday. The eight countries will meet again on Sept. 7, OPEC said in a news release.
