logo
Smith says she sees a ‘breakthrough' in talks with Americans on energy

Smith says she sees a ‘breakthrough' in talks with Americans on energy

WASHINGTON – Alberta Premier Danielle Smith says there's been a 'breakthrough' in conversations with American lawmakers and Trump's administration on Canada's role in the United States' quest for energy dominance.
Smith says it's important that Americans also understand Canada's contributions to other U.S. industries like agriculture and manufacturing as the two countries work toward a new economic relationship.
The Alberta premier is in Washington, D.C., for meetings and a forum on energy this week after U.S. President Donald Trump doubled his tariffs on steel and aluminum imports.
Smith says an interim agreement could be reached between Canada and the United States by the end of the G7 leaders summit in Alberta later this month.
Smith says she was encouraged by the premiers' meeting with Prime Minister Mark Carney earlier this week.
Monday Mornings
The latest local business news and a lookahead to the coming week.
She says if Ottawa can work with Alberta to develop new markets, it will benefit everyone.
This report by The Canadian Press was first published June 4, 2025.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

In the news today: Liberals set to table internal trade bill
In the news today: Liberals set to table internal trade bill

Winnipeg Free Press

time42 minutes ago

  • Winnipeg Free Press

In the news today: Liberals set to table internal trade bill

Here is a roundup of stories from The Canadian Press designed to bring you up to speed… Liberals set to table internal trade bill The Liberal government is poised to table landmark legislation to break down internal trade barriers and increase labour mobility within Canada. The government has put a bill on the House of Commons notice paper that could potentially be tabled as early as today. Prime Minister Mark Carney has pledged to break down internal trade barriers by Canada Day to create one economy — although the time left on the parliamentary calendar suggests the legislation will not gain Royal Assent by the time the House rises for the summer. Several other provinces, including Ontario and Quebec, have also tabled such legislation to remove interprovincial barriers to the trade of goods across the country. It comes against a backdrop of U.S. President Donald Trump roiling the country's economy with stop-and-go tariffs in an escalating trade war — and as Carney has been engaged in behind-the-scenes talks with Trump on trade. Here's what else we're watching… Wildfire evacuees take refuge in Niagara Falls Some Manitoba residents who have taken refuge in Niagara Falls, Ont., after fleeing wildfires raging in their province say they're grateful for the hospitality but worry they won't have a home to return to once the flames die down. Kelly Ouskun says he saw so much fire and smoke along the highway on the drive from his family's home in Split Lake to Thompson, about 145 kilometres away, that he felt 'nauseated' and his eyes hurt. The family flew to Niagara Falls from there and he says they've now settled in at one of the five downtown hotels taking in evacuees, while hanging on to hope that what he's heard about his home — that it's still standing and intact — is true. More than 18,000 people have been displaced due to the wildfires in Manitoba since last week, including 5,000 residents of Flin Flon near the Saskatchewan boundary, along with members from at least four First Nations. Some residents from Pimicikamak Cree Nation, east of Flin Flon, were taken to Niagara Falls on Sunday, with more arriving since then. Wildfires included in G7 leaders summit planning Security officials at the G7 leaders summit in Kananaskis say plans are in place, including the possibility of evacuations, if wildfires become a serious threat later this month. Kananaskis, located about an hour west of Calgary, is in the foothills and front ranges of the Rocky Mountains. Its western edge borders Banff National Park and the Alberta-B.C. boundary. Its remote location is considered to be ideal from a security standpoint for the meeting of the leaders from Canada, the United States, France, Germany, Japan, the United Kingdom and Italy, as well as the European Union from June 15 to 17. But with an explosion of wildfires in Manitoba, Saskatchewan and in northern Alberta, a contingency plan is in place if the situation moves south. 'Wildfire has been part of our planning since the summit was announced here in Alberta,' said RCMP Chief Supt. David Hall, an event security director for the Integrated Safety and Security Group, in a recent briefing. StatCan to publish May jobs numbers Statistics Canada is set to reveal employment numbers for May today. A poll of economists provided by LSEG Data & Analytics heading into today's release calls for a loss of 12,500 jobs last month and for the unemployment rate to rise a tenth of a percentage point to seven per cent. Canada's unemployment rate rose two ticks to 6.9 per cent in April amid a gain of 7,400 jobs. That month's figures got a one-time boost in hiring tied to the federal election but also showed a contraction in manufacturing as the tariff dispute with the United States started to bite. The Bank of Canada will be watching the labour market data closely just two days after it left its benchmark interest rate on hold for a second straight time. Fans react to criticism of Gretzky over Trump ties It wasn't long ago that some Canadians were up in arms about hockey legend Wayne Gretzky's ties to U.S. President Donald Trump's administration. But as the Edmonton Oilers skate their way through the Stanley Cup final, hockey fans say it's time to let bygones be bygones. The statue was vandalized in March and smeared with what appeared to be and strongly smelled like feces. On Wednesday, a hip-high metal fence was up around the bronze figure. Gretzky, the Ontario-born hockey star who led the Oilers to four Stanley Cup victories in the 1980s, recently drew the ire of Canadians for his public support of Trump, who has repeatedly expressed his desire for Canada to join the U.S and become its 51st state. Darren Rogers, a Gretzky fan since the Oilers' inception into the NHL in 1979, said Gretzky's leadership led the team to win multiple Stanley Cups. This report by The Canadian Press was first published June 6, 2025.

Fuji Media Turns to Shimizu for Post-Scandal Overhaul
Fuji Media Turns to Shimizu for Post-Scandal Overhaul

Japan Forward

time2 hours ago

  • Japan Forward

Fuji Media Turns to Shimizu for Post-Scandal Overhaul

このページを 日本語 で読む Fuji Media Holdings (FMH) new president, Kenji Shimizu, is pledging sweeping reforms to restore trust and reinvent the business after an industry scandal earlier this year. The network was rocked in January by a scandal involving former pop idol Masahiro Nakai, which exposed an opaque corporate culture at Fuji TV Fuji's initial closed-door handling of the misconduct allegations drew intense public criticism, forcing an open apology and a third-party probe into the company's governance. The fallout prompted a broad shake-up of Fuji's leadership and internal policies, including the resignation of top executives and the appointment of Shimizu as president to lead an urgent reform effort In a candid interview with The Sankei Shimbun , Shimizu, set to take over as president of FMH on June 25, acknowledged deep-rooted issues at the heart of recent scandals. He outlined a reform agenda aimed at restoring trust and revitalizing Fuji's content business. At the core of the recent problems, said Shimizu, was the "rigidity and homogeneity" in Fuji's personnel system. Over time, this led to an environment where "no one could speak up, even when they sensed something was wrong." He pointed to structural reforms already underway, including a reconstituted board with a majority of independent outside directors and a higher ratio of women. These, he said, would significantly improve governance transparency. When asked about the lingering influence of Hisashi Hieda, the former chairman who served for over 40 years on the board, Shimizu dismissed concerns. "There is absolutely no influence from Mr Hieda on the new leadership team," he affirmed. He added that Fuji has introduced stricter retirement policies and abolished its advisor system to ensure board independence. Kenji Shimizu, President of Fuji TV, during an interview (©Sankei by Yasuhiro Yajima). On the decision to reject a shareholder proposal from the American investment fund Dalton Investments, Shimizu said the company conducted interviews with all director candidates, including those proposed by Dalton, and applied the same selection process. "We saw no reason to increase the board size or change direction. The current team offers both balance and effectiveness." Asked whether profits from Fuji's real estate division have led to complacency in the media arm, Shimizu defended the group's strategy. The real estate and tourism businesses have evolved dramatically, he noted. But the real issue is the "low profitability of media content," which he intends to address head-on. Reflecting on past missteps, Shimizu admitted that Fuji "hasn't done enough to monetize its content." He said the company needs to move away from planning shows just for TV broadcast and start designing projects with broader revenue streams in mind, from streaming and theatrical releases to merchandising and gaming. "If we stop assuming terrestrial TV is the default outlet, our creative horizons will widen." Shimizu emphasized that his ultimate goal as president is for Fuji to grow while contributing to society. "Profit is just a means," he said. "A company that doesn't help solve social problems or improve something has no reason to exist." Drawing on his background in anime production, Shimizu said he never saw animation as something just for children. "Kids are sharp," he explained. "They don't fall for cheap tricks. They evaluate entertainment honestly." Producing Dragon Ball and Chibi Maruko-chan, he said, taught him valuable lessons about pacing, emotional storytelling, and understanding an audience. He recalled how Dragon Ball captivated viewers with its explosive speed — "a new villain appears, and by the next panel, he's already sliced down." With Chibi Maruko-chan, the challenge was entirely different: bringing to life a still world frozen in the psychological landscape of author Momoko Sakura. To preserve that vision, he built a writing team of women from the same generation as Sakura. Shimizu also discussed managing the fallout of the recent scandal. Fuji has done everything possible to avoid passing costs onto its affiliates or production partners, he noted. Even when sponsors pulled out, Fuji continued to fully fund production. "Supporting our partners and stakeholders is a responsibility we won't compromise on," he said. Interview by Katsutoshi Takagi Author: The Sankei Shimbun このページを 日本語 で読む

Big investors leaving U.S. markets amid trade wars, rising U.S. debt: FT
Big investors leaving U.S. markets amid trade wars, rising U.S. debt: FT

Canada Standard

time3 hours ago

  • Canada Standard

Big investors leaving U.S. markets amid trade wars, rising U.S. debt: FT

BEIJING, June 6 (Xinhua) -- Big institutional investors are leaving the United States as U.S. administration's trade wars and the country's rapidly mounting government debt have shaken confidence in American assets, according to a Financial Times report on Thursday. "The U.S. president's erratic trade policy has shaken global markets in recent months, sparking a sharp sell-off in the U.S. dollar and leaving Wall Street stocks lagging far behind European rivals this year," said the report posted online. A top executive at a big American private capital firm described the White House's so-called "liberation day," when the U.S. administration unveiled sweeping tariffs on Washington's trading partners, as "a wake-up call to a lot of people that they were overweight the U.S.," leaving institutional investors reviewing the extent of their holdings in the country, it said. The report cited Caisse de depot et placement du Quebec, Canada's second-largest pension fund, as saying that it would reduce its exposure to the United States and increase investments in Britain, France and Germany. New York-based investment firm Neuberger Berman has made 65 percent of its private equity co-investments in Europe this year, up from 20-30 percent in recent years, according to Joana Rocha Scaff, its head of European private equity. "We have started to see the early signs of investors shifting away from the U.S.," Richard Oldfield, chief executive of UK asset manager Schroders, told the Financial Times.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store