
Carney announces new measures to support steel industry, prevent dumping, amid trade war
Amid an ongoing trade war with the United States, Prime Minister Mark Carney announced Wednesday new measures to bolster Canada's steel industry and prevent steel dumping in the Canadian market.
The Canadian government plans to 'restrict and reduce foreign steel imports,' in part by reevaluating and changing tariff rates, Carney announced in Hamilton, Ont.
Canada is also increasing tariffs on steel imports from non-U.S. countries containing steel melted and poured in China, Carney said.
'We have the potential to become our own best customer for steel, but we will lose that ability if we don't manage the profound transformation now underway in the industry, and to do that, we have to change the way we do things so we can better support our companies and our workers during this time of change,' Carney said.
In February, U.S. President Donald Trump announced a 25 per cent tariff on all steel and aluminum imports, including from Canada. Last month, he increased the rate to 50 per cent.
This is a breaking news story. More to come.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Cision Canada
7 minutes ago
- Cision Canada
Media advisory - Minister Joly to participate in a site visit at Algoma Steel Français
SAULT STE. MARIE, ON, July 25, 2025 /CNW/ - The Honourable Mélanie Joly, Minister of Industry and Minister responsible for Canada Economic Development for Quebec Regions, will be participating in a site visit at Algoma Steel. Date: Monday, July 28, 2025 Time: 9:00 a.m. (ET) tour Location: Sault Ste. Marie, Ontario Members of the media are asked to contact ISED Media Relations at [email protected] to receive event location details and confirm their attendance. Stay connected Find more services and information on the Innovation, Science and Economic Development Canada website. Follow Innovation, Science and Economic Development Canada on social media. SOURCE Innovation, Science and Economic Development Canada


Winnipeg Free Press
7 minutes ago
- Winnipeg Free Press
Judge blocks Trump's birthright citizenship restrictions in third ruling since high court decision
BOSTON (AP) — A federal judge on Friday blocked the Trump administration from ending birthright citizenship for the children of parents who are in the U.S. illegally, issuing the third court ruling blocking the birthright order nationwide since a key Supreme Court decision in June. U.S. District Judge Leo Sorokin, joining another district court as well as an appellate panel of judges, found that a nationwide injunction granted to more than a dozen states remains in force under an exception to the Supreme Court ruling. That decision restricted the power of lower-court judges to issue nationwide injunctions. The states have argued Trump's birthright citizenship order is blatantly unconstitutional and threatens millions of dollars for health insurance services that are contingent on citizenship status. The issue is expected to move quickly back to the nation's highest court. Lawyers for the government had argued Sorokin should narrow the reach of his earlier ruling granting a preliminary injunction, arguing it should be 'tailored to the States' purported financial injuries.' 'The record does not support a finding that any narrower option would feasibly and adequately protect the plaintiffs from the injuries they have shown they are likely to suffer,' Sorokin wrote. Sorokin acknowledged his order would not be the last word on birthright citizenship. Trump and his administration 'are entitled to pursue their interpretation of the Fourteenth Amendment, and no doubt the Supreme Court will ultimately settle the question,' Sorokin wrote. 'But in the meantime, for purposes of this lawsuit at this juncture, the Executive Order is unconstitutional.' The administration has not yet appealed any of the recent court rulings. Trump's efforts to deny citizenship to children born to parents who are in the country illegally or temporarily will remain blocked unless and until the Supreme Court says otherwise. An email asking for the White House's response to the ruling was sent Friday. A federal judge in New Hampshire issued a ruling earlier this month prohibiting Trump's executive order from taking effect nationwide in a new class-action lawsuit. U.S. District Judge Joseph LaPlante in New Hampshire had paused his own decision to allow for the Trump administration to appeal, but with no appeal filed in the last week, his order went into effect. On Wednesday, a San Francisco-based appeals court found the president's executive order unconstitutional and affirmed a lower court's nationwide block. A Maryland-based judge said this week that she would do the same if an appeals court signed off. The justices ruled last month that lower courts generally can't issue nationwide injunctions, but it didn't rule out other court orders that could have nationwide effects, including in class-action lawsuits and those brought by states. The Supreme Court did not decide whether the underlying citizenship order is constitutional. Plaintiffs in the Boston case earlier argued that the principle of birthright citizenship is 'enshrined in the Constitution,' and that Trump does not have the authority to issue the order, which they called a 'flagrantly unlawful attempt to strip hundreds of thousands of American-born children of their citizenship based on their parentage.' They also argue that Trump's order halting automatic citizenship for babies born to people in the U.S. illegally or temporarily would cost states funding they rely on to 'provide essential services' — from foster care to health care for low-income children, to 'early interventions for infants, toddlers, and students with disabilities.' At the heart of the lawsuits is the 14th Amendment to the Constitution, which was ratified in 1868 after the Civil War and the Dred Scott Supreme Court decision. That decision found that Scott, an enslaved man, wasn't a citizen despite having lived in a state where slavery was outlawed. The Trump administration has asserted that children of noncitizens are not 'subject to the jurisdiction' of the United States and therefore not entitled to citizenship. ____ Associated Press reporter Mark Sherman in Washington contributed.


Globe and Mail
7 minutes ago
- Globe and Mail
ThreeD Capital Inc. Announces Private Placement Financing
TORONTO, July 25, 2025 (GLOBE NEWSWIRE) -- ThreeD Capital Inc. ('ThreeD' or the 'Company') (CSE:IDK / OTCQX:IDKFF) a Canadian-based venture capital firm focused on opportunistic investments in companies in the junior resources and disruptive technologies sectors, is pleased to announce terms to a proposed private placement financing (the 'Private Placement'). The Private Placement will consist of the sale of up to 10,500,000 units of the Company ('Units') at a price of $0.06 per Unit, for total gross proceeds raised of $630,000. Each Unit is comprised of one common share and one common share purchase warrant (a 'Warrant'). Each whole Warrant entitles the holder thereof to acquire one common share of the Company at an exercise price of $0.15 per common share for a period of 60 months. No commission or finders' fees are expected paid as part of the Private Placement. All securities issued and issuable in connection with the Private Placement will be subject to a four-month and a day hold period. Proceeds received from the Private Placement are intended to be used for general working capital purposes and purchase of investments. In connection with the Private Placement, certain directors of the Company (collectively the 'Insiders'), intend to purchase a total of 10,500,000 Units. Insiders' participation in the Private Placement constitutes a 'related party transaction' pursuant to Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions ('MI 61-101'). The Company is relying on the exemption from the valuation and minority shareholder approval requirements under MI 61-101, as the fair market value of the Insiders' participation in the Private Placement does not exceed 25% of the market capitalization of the Company. The Private Placement remains subject to the approval of the Canadian Securities Exchange. About ThreeD Capital Inc. ThreeD is a publicly-traded Canadian-based venture capital firm focused on opportunistic investments in companies in the junior resources and disruptive technologies sectors. ThreeD's investment strategy is to invest in multiple private and public companies across a variety of sectors globally. ThreeD seeks to invest in early stage, promising companies where it may be the lead investor and can additionally provide investees with advisory services and access to the Company's ecosystem. For further information: Matthew Davis, CPA Chief Financial Officer and Corporate Secretary info@ Phone: 416-941-8900 The Canadian Securities Exchange has neither approved nor disapproved the contents of this news release and accepts no responsibility for the adequacy or accuracy hereof. Forward-Looking Statements This news release contains certain forward-looking statements and forward-looking information (collectively referred to herein as "forward-looking statements") within the meaning of Canadian securities laws including, without limitation, statements with respect to the future investments by the Company. All statements other than statements of historical fact are forward-looking statements. Undue reliance should not be placed on forward-looking statements, which are inherently uncertain, are based on estimates and assumptions, and are subject to known and unknown risks and uncertainties (both general and specific) that contribute to the possibility that the future events or circumstances contemplated by the forward-looking statements will not occur. Although the Company believes that the expectations reflected in the forward looking statements contained in this press release, and the assumptions on which such forward-looking statements are made, are reasonable, there can be no assurance that such expectations will prove to be correct. Readers are cautioned not to place undue reliance on forward-looking statements included in this document, as there can be no assurance that the plans, intentions or expectations upon which the forward-looking statements are based will occur. By their nature, forward-looking statements involve numerous assumptions, known and unknown risks and uncertainties that contribute to the possibility that the predictions, forecasts, projections and other forward-looking statements will not occur, which may cause the Company's actual performance and results in future periods to differ materially from any estimates or projections of future performance or results expressed or implied by such forward-looking statements. The forward-looking statements contained in this news release are made as of the date hereof and the Company does not undertake any obligation to update publicly or to revise any of the included forward-looking statements, except as required by applicable law. The forward-looking statements contained herein are expressly qualified by this cautionary statement.