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Trump ending trade talks with Canada over its digital services tax

Trump ending trade talks with Canada over its digital services tax

Globe and Mail6 hours ago

U.S. President Donald Trump says he is ending trade discussions with Canada and will soon impose a blanket tariff on all of the country's products in retaliation for Ottawa's digital services tax.
In a Truth Social post Friday afternoon, Mr. Trump abruptly broke off talks, which Prime Minister Mark Carney has said were aimed at reaching a deal by late July.
'Based on this egregious Tax, we are hereby terminating ALL discussions on Trade with Canada, effective immediately,' Mr. Trump wrote. 'We will let Canada know the Tariff that they will be paying to do business with the United States of America within the next seven day period.'
Canada is set to start levying the digital services tax next week.
Mr. Trump said Canada is already 'a very difficult Country to TRADE with' because of its protected dairy industry. He described the digital services tax as 'a direct and blatant attack on our country.'

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Looking Ahead to the Q2 Earnings Season
Looking Ahead to the Q2 Earnings Season

Globe and Mail

time26 minutes ago

  • Globe and Mail

Looking Ahead to the Q2 Earnings Season

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LILLEY: Carney puts Canadian jobs at risk over foolish tax idea
LILLEY: Carney puts Canadian jobs at risk over foolish tax idea

Toronto Sun

time31 minutes ago

  • Toronto Sun

LILLEY: Carney puts Canadian jobs at risk over foolish tax idea

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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 On Friday, Donald Trump announced that trade talks with Canada, the ones to try and ease the tariffs, were off. The reason, Carney's insistence on pushing ahead with a Digital Services Tax that comes into effect next week. Industry told the Liberals to scrap the asked them to drop it. The Biden admin started a pending trade dispute with us. The Liberals kept this tax. Now Trump has cancelled all trade talks with us. 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An 84-game season among changes coming to NHL as part of new labour deal
An 84-game season among changes coming to NHL as part of new labour deal

Globe and Mail

time40 minutes ago

  • Globe and Mail

An 84-game season among changes coming to NHL as part of new labour deal

An 84-game season is coming to the NHL as part of an extension of the collective bargaining agreement that has been tentatively agreed to by the league and the Players' Association. They announced a memorandum of understanding Friday in Los Angeles before the first round of the draft. It still needs to be ratified by the Board of Governors and the full NHLPA membership. Two games are being added to to the regular season, the maximum length of contracts players can sign is being shortened and a salary cap will be implemented in the playoffs for the first time, two people told The Associated Press on Thursday. The NHL and NHLPA began negotiations in earnest this spring after agreeing at the 4 Nations Face-Off in February to jointly hold a World Cup of Hockey in 2028. With revenue breaking records annually and the cap increasing exponentially in the coming years, Commissioner Gary Bettman and union executive director Marty Walsh voiced optimism about reaching an agreement quickly. 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Top players, given the injury risks in the sport, have preferred the longest contracts possible. The same goes for general managers, eager to keep talent in the fold as long as possible. Nathan MacKinnon, Sebastian Aho, Leon Draisaitl, Juuse Saros, Travis Konecny, Mathew Barzal and, as recently as March, Mikko Rantanen are all among the top players who have signed lucrative eight-year deals. Leafs prepare for life without Marner as draft, free agency approach 'I guess that could be a rarity now,' said Trent Frederic, who on Friday signed an eight-year contract to remain with the Oilers. 'Eight years is better than seven. It's good to lock in before that changes.' But with the salary cap getting its biggest increases season by season over the next three years, the thinking had already begun to change. Auston Matthews re-signed for only four years with Toronto last summer, and Connor McDavid could also opt for a short-term contract extension with Edmonton. 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As the OHL hopes for another top NHL pick, Canada's junior hockey landscape faces change 'That would make a little more sense for development,' Washington Capitals assistant general manager Ross Mahoney said. 'An example would be you would take a player out of the CHL, maybe he plays as an 18-, 19-year-old and now you want to sign him, but maybe he's not quite ready for the (minors). So is it better to have him in (the American Hockey League) and have him healthy-scratched for a third of the games, or is it better for him to go play at North Dakota for two years and then sign?' Emergency backup goalies, the beloved 'EBUGs,' will soon be a thing of the past, years after the likes of David Ayres and Scott Foster went into games and won after a team's two roster netminders were injured. Each team will be able to keep an extra goaltender around to practice with and enter a game, rather than having a beer league replacement on standby. 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