Federal, provincial tariff relief should include municipalities, Ontario big city mayors say
Mayors of Ontario's big cities are calling on the federal and provincial governments to include them in any stimulus packages they launch to offset the impacts of U.S. tariffs, saying the money could be used for infrastructure projects.
Speaking at a news conference on Friday, Burlington Mayor Marianne Meed Ward said the group unanimously passed a resolution at its meeting on Friday, asking to be included in any federal or provincial tariff relief funds.
As the chair of Ontario's Big City Mayors, Meed Ward said the group believes municipal infrastructure projects could help put people to work at a time when many are facing job losses due to the tariffs.
"We believe that infrastructure funding not only provides sustainability for projects into the future, but it gets our people to work at a time that there is great uncertainty," Meed Ward said.
"In terms of how much, we will take whatever the federal and provincial governments want to give us."
Meed Ward said changes to the global trading system will affect businesses, communities, workers and municipalities. If people are laid off, stimulus packages could get them working again, she said.
"We will have an active and ready labour force. And so, if we can get them working on infrastructure projects like roads, bridges, schools, community centres, all of the things that we need in community, that's what we want to do."
Toronto to convene meeting on procurement in June
Toronto Mayor Olivia Chow, who has indicated that she would like to work with other municipalities to reduce reliance on U.S.-based suppliers, told reporters that she is convening a discussion on June 6 in Toronto to work out the "fine details" of such a partnership that will look at procurement.
Chow said the federal and provincial governments can also help to lower municipal costs of building affordable housing.
"We need partnership with the federal and provincial government. We welcome their partnerships," Chow said.
Markham Mayor Frank Scarpitti said municipalities are trying to make sense of the tariffs.
"I'll just say I don't think we've ever seen such a consistent level of inconsistency. And so that really, I think, says it all in terms of how we're trying to react," he said.
"That being said, there are very strong bonds between communities, first and foremost in Canada and the United States. And we want to make sure that we continue to foster an environment that not only says you're welcome, but we want you to stay and continue to be part of our economic success."
Last week, Canada was spared when U.S. President Donald Trump unveiled his widespread so-called "reciprocal" tariffs, but Canada continues to be subject to a 25 per cent tariff on Canadian-made automobiles. On March 12, the U.S. imposed tariffs of 25 per cent on Canadian steel and aluminum products.

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Exclusive-Shein and Reliance aim to sell India-made clothes abroad within a year, sources say
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Pantheon Resources PLC Announces New Executive Team Appointments
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Tralisa's career began at Price Waterhouse Coopers in Trinidad. Having established herself as a Finance Executive, she became corporate controller at Remora Oil and Gas, followed by her appointment as CFO for Canadian-listed CGX Energy, and most recently, as CFO of the US-listed LiveWire Group Inc. Tralisa is a chartered accountant (UK) and licensed CPA in Texas. Appointment of Erich Krumanocker as Chief Development OfficerErich Krumanocker has been appointed Chief Development Officer ("CDO"), succeeding Bob Rosenthal, to spearhead the Company's subsurface technical leadership. Bob has indicated his desire to step down from the Board of Directors and retire from the Company at the conclusion of the Company's upcoming board meeting on 13 June, 2025. In his role as CDO, Erich will manage the transition of projects from exploration and appraisal through to development and production. Erich brings with him over 25 years of global experience in driving development, operations and project execution at scale across multiple continents. Erich's career originated as a Petroleum Engineer with BP plc on the North Slope of Alaska, with vast experience in the North Sea, Azerbaijan and the U.S., with his BP career culminating as a VP of Production and Operations. Erich joins Pantheon most recently from Microsoft, where he served as a Partner leading digital transformation across the manufacturing and energy sectors. Max Easley, Chief Executive Officer, commented: "We are delighted to welcome Tralisa and Erich to the Pantheon Executive Team. They will be key in enacting our pivot from a world-class exploration and appraisal team to an equally successful development and operations team. Pantheon will benefit from a combined 50 years of international experience between the two. I also want to thank Phil Patman for his efforts in delivering a strong financial platform for growth through this transition and an ultimate US listing." David Hobbs, Pantheon's Chairman, added: "I would like to add my welcome to Tralisa and Erich. In addition, I also want to express my personal gratitude to Bob Rosenthal, who has been a key member of the leadership of the Company. He was a founder of Pantheon some 20 years ago, then became a founder of Great Bear a few years later. Bob returned to Pantheon 7 years ago to help with the acquisition of Great Bear and then lead the technical team through the journey of discovering and appraising the Ahpun and Kodiak fields to demonstrate the potential for resources that are now independently certified at some 1.6 billion barrels of ANS Crude and 6.6 tcf of natural gas. His leadership has helped position the Company to be a significant part of Alaska's energy future." Further information on these appointments:As part of these appointments, and to align with other executives and the wider interests of shareholders, the new executives will receive the following: One-off grant of 375,000 Restricted Stock Units under the Employee Share Ownership Plan ("ESOP") announced in October 2024, vesting over three years 750,000 options with various time-based and operational vesting criteria Be eligible for ongoing standard senior executive grants under the ESOP The Company expects to grant these awards as soon as administratively and regulatorily practicable. An additional announcement, including further details of their terms, will be made once they are awarded. As is common with US-based businesses, it is not anticipated that the CFO or CDO role will be a Board position. 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For further information, please contact rns@ or visit SOURCE: Pantheon Resources PLC View the original press release on ACCESS Newswire Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
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China exports slow and deflation deepens as tariffs bite
STORY: There were more signs Monday that U.S. tariffs are starting to bite in China. New figures showed exports rising just 4.8% on the month in May. That was well down on April, and the slowest rate for three months. Imports also tumbled far more than expected. Overseas shipments had surged earlier in the year, as U.S. firms rushed to stock up on Chinese-made goods before the tariffs kicked in. That meant some slowdown had been expected later in the year, but May's figure was still worse than forecast. One analyst said exports were probably also hit by tough customs inspections, with China looking to enforce its own curbs on shipments to the U.S. Monday's figures also showed declines in Chinese imports of oil, coal and iron ore - adding to signs of weak demand at home. That also showed up in producer and consumer price data. Both extended declines, with producer prices dropping 3.3% in May - the sharpest contraction in 22 months. In a symbol of the sagging demand, U.S. coffee chain Starbucks said Monday it would lower prices in China for some iced drinks. Now the numbers are likely to increase pressure on policymakers to step in with more stimulus measures. Beijing last month rolled out moves including cuts to benchmark interest rates, with more steps now widely expected over the course of this year. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data