Prime Minister Carney Says Canada Can Emerge As Energy Superpower
OTTAWA—Canadian Prime Minister Mark Carney said Tuesday he's willing to amend federal rules that may pose headwinds toward getting energy projects built and capitalize on the country's abundance of natural resources.
Carney reiterated his commitment to help build a west-to-east crude-carrying pipeline—so long as there is a nationwide consensus—and he's looking to position the country as an energy superpower that includes, but isn't limited to, oil and gas production.
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CBS News
12 minutes ago
- CBS News
Trump's 50% steel and aluminum tariffs take effect today. Here's what could get more expensive.
The Trump administration raised tariffs on aluminum and steel to 50% today, a move experts say could increase costs on everything from homes and cars to household and office supplies. While the U.S. has carved out its own niche in domestic metals manufacturing, it also relies on imports from abroad to fill in the gaps: America imported 26.2 million metric tons of steel and 5.4 million metric tons of aluminum from abroad last year, according to the International Trade Administration. Canada serves as the biggest foreign source for both metals. The White House has been aggressively trying to pare back on America's reliance on foreign nations, imposing 25% tariffs on steel and aluminum in February, citing national security concerns. President Trump, during a visit to a U.S. Steel mill in Pittsburgh on May 30, announced he was doubling down on that rate, raising the 25% levies to 50%. The higher tariffs went into effect Wednesday at 12:01 a.m. EST. While the new tariffs have won over some of the nation's largest steel makers, who saw huge gains in share prices following Mr. Trump's May 30 announcement, experts say the levies will raise cost of manufacturing on a wide range of products, making many items more expensive to buy. That's because businesses typically pass on most or all of tariff-related costs to consumers through higher prices, according to economists. "That will hurt the people working in those industries and put their jobs under stress," said Wayne Winegarden, a senior fellow and director at the Pacific Research Institute, a right-leaning think tank. "And it also is going to put pressure on consumers, because those prices are going to increase." While some businesses may ultimately choose to absorb some of those increased costs, experts say others are likely to pass some of them along to customers — as was the case in 2018 when tariffs on steel and aluminum tariffs were introduced by the first Trump administration . Here are some of the consumer products that may get pricier with the new 50% steel and aluminum tariffs now in effect. Cars Automobile manufacturers are likely to feel the burn of higher tariffs, as they rely heavily on steel and aluminum for car production. The materials are found throughout the body and structure of a car, in everything from the car's frame to engine parts to the hub caps, pipes and bumpers. According to Jay Cushing, senior bond analyst with Gimme Credit, steel accounts for 60% of the weight of the average vehicle. Dean Baker, senior economist at The Center For Economic and Policy Research, told CBS MoneyWatch there is about $800 worth of steel in each vehicle. With that figure in mind, he projected a 50% tariff would drive up the cost of a car by around $400. Cushing, however, projects an even steeper price hike. "A doubling of tariffs from 25% to 50% could raise the cost of a car from $1,500 to $3,000 per vehicle," he told CBS MoneyWatch in an email. A 25% tariff on imported cars remains in place, although the Trump administration has softened industry tariffs to ensure automakers aren't hit twice with the additional import duty on imported steel and aluminum. "The metal tariffs should apply only once per vehicle," Cushing said. Sports equipment Athletes may also notice a slight uptick in prices when shopping for new equipment such as baseball bats, tennis rackets and lacrosse sticks which sometimes contain aluminum. Industry experts say they're already seeing price increases on aluminum bats, which are fairly expensive to begin with: upwards of $100 in many cases, with higher-end models running as high as $400. Those higher price tags could end up creating negative repercussions for sports participation. The Sports & Fitness Industry Association, which tracks industry data, has consistently found that the lowest household income brackets are most negatively impacted in terms of sports participation. "If we're going to continue to increase costs on equipment, then those lower income level households are going to continue to be left on the sideline in terms of literally and figuratively," said Todd Smith, president and CEO of the Sports & Fitness Industry Association. Beer and soda cans Whether it be beer, soda or seltzer, any beverages that come in a can will likely cost Americans more after the steel and aluminum tariffs take effect. This could lead major name-brand businesses to shift their strategy. Back in February, the CEO of Coca-Cola James Quincey said if aluminum cans become more expensive, the company would put more emphasis on plastic bottles. The soda giant sources aluminum for its cans from Canada, Quincey said on a February company earnings call. Canned goods and packaged grocery items Another place where Americans might feel a slight pinch is at the grocery store. Nonperishables that come in aluminum or steel cans — think beans, chickpeas, and soups — are typically thought of as a way for shoppers to economize. But the steel and aluminum tariffs could ratchet up the price of canned goods. Robert Budway, president of the Can Manufacturers Institute, told the Associated Press that manufacturers have become increasingly reliant on imported materials in recent years and that it's American families who will most likely bear the increased tariff costs. Baker, the economist from The Center For Economic and Policy Research, didn't have an exact estimate but said the increase to the cost of canned goods would be fairly low. "If you get $2 can of soup, maybe it would go up a cent or two," he said. There could be indirect price increases at the grocery store as well. Many packaged goods are made using machines with steel and aluminum machines, Baker said, meaning products like cookies could get more expensive. Household appliances/supplies A wide range of appliances from dishwashers and dryers to garbage disposals and air conditioners all stand to become pricier as a result of the Trump administration's 50% steel and aluminum tariffs. The Association of Home Appliance Manufacturers did not respond to CBS MoneyWatch's request for comment, but has said in the past that they strongly support an "integrated North American market" and have called for "common-sense" trade policies. "It can go from the grandiose of a washing machine and a car, to the trivial, like a staple or a paper clip," said Winegarden at the Pacific Research Institute. Lawn mowers could also see price hikes. Baker estimates that a lawn mower that goes for $250mightcost $255 after the tariffs take effect . "Will people notice that? Some will, some won't," he said. "But there's no doubt the direction is higher — the question is how much." Homes Building materials could also be impacted, which will ultimately translate to higher home prices. In an April blog post, documented how the price of nails used in homebuilding has already started to increased due to tariffs. A single box of coil roofing nails could go from $65 to $325, the real estate platform predicted at the time. Other products used in home construction like steel fasteners could also get caught in the crosshairs of the tariffs. This bodes poorly for the housing sector — which is already facing pressure from high prices, steep mortgage rates and lack of inventory. "President Trump's move to double steel and aluminum tariffs will have a negative impact on housing affordability by further disrupting building material supply chains and fueling business uncertainty," said Buddy Hughes, chairman of the National Association of Home Builders. Before the new 50% tariffs were introduced, the trade association estimated that tariff activity would add roughly $10,900 to the average cost of a new home.
Forbes
an hour ago
- Forbes
PWHL Second Season Delivers Major Gains In Fans, Sales, And Reach
ST PAUL, MINNESOTA - MAY 26: Maddie Rooney #35 of the Minnesota Frost hoists the Walter Cup after ... More the Minnesota Frost defeated the Ottawa Charge 2-1 to win the Championship at Xcel Energy Center on May 26, 2025 in St Paul, Minnesota. (Photo by) The Professional Women's Hockey League (PWHL) has announced historic growth following the conclusion of its second season, citing major gains across attendance, merchandise sales, digital engagement, and corporate partnerships. With the addition of expansion teams and increased community engagement, the league has taken significant steps in scaling professional women's hockey in North America and globally. The 2024–25 PWHL season welcomed a total of 737,455 fans across 102 games, representing a 52.5% increase over the league's inaugural season attendance of 483,530 (85 games). Average attendance also rose 27%, from 5,689 to 7,230 spectators per game. Since its inception, the PWHL has drawn a cumulative 1,220,985 attendees over two seasons, underscoring growing interest in the sport. 'This season, fans from every U.S. state and every Canadian province and territory caught a PWHL game, a remarkable moment for professional women's hockey,' said Amy Scheer, PWHL Executive Vice President of Business Operations. TORONTO, ON - JANUARY 1: Fans hold signs before Toronto plays New York in their PWHL hockey game at ... More the Mattamy Athletic Centre on January 1, 2024 in Toronto, Ontario, Canada. (Photo by) The league's PWHL Takeover Tour™ brought nine neutral-site regular-season games to new markets, attracting 123,601 fans. A Vancouver game at Rogers Arena recorded a sellout crowd of 19,038, the fourth-largest single-game audience in PWHL history. In Detroit, 14,288 fans set a new U.S. record for PWHL game attendance at Little Caesars Arena, marking the moment the league surpassed one million cumulative fans. Merchandise sales reflected 100% year-over-year growth, driven by the launch of official team names and logos, and new branded collections, including collaborations with Barbie, Peace Collective, and lululemon. The league's partnership portfolio expanded by 50%, adding brands such as Ally, Bravado, EA Sports, Factor Meals, Intact Insurance, Midea, and SharkNinja to its growing roster of corporate supporters. TORONTO, CANADA - MAY 9: A fan's custom Toronto Sceptres shoes are seen before Game Two of the First ... More Round of the 2025 PWHL Playoffs between the Minnesota Frost and the Toronto Sceptres at Coca-Cola Coliseum on May 9, 2025 in Toronto, Ontario, Canada. (Photo by) Digital engagement surged, with social media interactions across platforms including X, Instagram, TikTok, and YouTube increasing by 68% from the first season. Live games were streamed in 106 countries, up from 88, and the redesigned website attracted more than 20 million views from users in over 150 countries. 'Season Two has been nothing short of historic,' said Jayna Hefford, PWHL Executive Vice President of Hockey Operations. 'From our inaugural Takeover Tour to the announcement of new expansion teams in Seattle and Vancouver, the growth and energy around the league are undeniable.' Toronto Sceptres forward Natalie Spooner greets fans at the beginning of a Professional Women's ... More Hockey League game against the Boston Fleet at the Coca-Cola Coliseum in Toronto, Canada, on February 14, 2025. Toronto prevails in the match by a 3-1 final score. (Photo by Mike Campbell/NurPhoto via Getty Images) The PWHL also deepened its connection to fans and players through Unity Games, which celebrated events such as Black History Month, Women's Empowerment Month, Pride, Indigenous Heritage, Mental Health Awareness, and Community Hockey Heroes. Each game featured custom artwork by community artists, and included special programming, in-game tributes, and collaborations with local and national organizations. These events showcased the league's commitment to representation, inclusion, and using the platform of professional sports to highlight diverse voices and causes. At the grassroots level, the league launched its first Fantasy Camp in Toronto in January, an immersive experience that allowed adult fans to train, compete, and engage with PWHL athletes and staff, providing a rare insider perspective on the life of a professional hockey player. In April, Minnesota hosted the inaugural PWHL Breakthrough Cup powered by PLAY Hockey, the league's first girls' hockey tournament. The event brought together teams of all ages and skill levels to compete, connect, and celebrate the game, reinforcing the PWHL's commitment to developing the next generation of female hockey playersand strengthening the sport's pipeline from youth to professional levels. As the PWHL prepares for its third season, including the introduction of expansion teams in Seattle and Vancouver, the league continues to lay the foundation for sustainable growth, increased visibility, and long-term success in professional women's sports.
Hamilton Spectator
an hour ago
- Hamilton Spectator
New daycare funding announced during Early Learning and Childcare week
$1.34 million will go towards a new Step Ahead Family Learning Centre in Bath On Monday, June 2, Environment and Climate Change Minister Gillis LePage, Carleton North Mayor Andrew Harvey, Councillor Scott Oakes, and Chair of the Step Ahead Family Learning board, Somer Drost, announced that after seven years in the making, the Step Ahead Family Learning Centre will build a new daycare beside the Bath Community School. The new daycare aims to reduce childcare waitlists and support working parents and guardians by offering affordable and reliable daycare options. 'This new daycare facility will be a game changer for our local families…it will mean that more children will have access to early-learning opportunities, which will help establish the foundation for their lifelong success,' said Harvey. An investment of $840,000 from the Regional Development Corporation is helping to fund the construction of a 743-square-meter accessible facility. The government formally transferred the land to the District of Carleton North for a symbolic cost of just one dollar. The federal government has donated $500,000 through the Canada-New Brunswick Canada-Wide Early Learning and Child Care Agreement, which plans to build 3,400 new early learning childcare centres across the country by March 31, 2026. The location was strategically chosen next to key community assets, like the community pool, Bath Community School playground, and various outdoor trails. 'A network of trails that will support outdoor learning through our newly certified forest school educator. This facility is ideally positioned to enhance the educational experience of our younger swimmers. Its proximity to Bath Community School will also strengthen collaboration between the two institutions,' said Dross. The project aims to immediately offer six infant spaces and six more shortly. Lepage highlighted the importance of the connection between community and childhood education. 'They say that it takes a village to raise a child, and this community has undeniably played a vital role in ensuring that more children have access to safe educational daycare environments,' said LePage. LePage is thrilled to embark on this new journey in early childhood education and aspires for future generations to cherish their learning capacity. 'In 53 more years, hopefully, some new and a lot more kids will have gone through this daycare. And remember, as you do today, of the importance of getting infrastructures,' said LePage. Bath Step Ahead is a non-profit organization serving the community of Bath and the surrounding area. The centre supports early childhood development, healthy parent-child interaction, and family wellness services. Error! Sorry, there was an error processing your request. There was a problem with the recaptcha. Please try again. You may unsubscribe at any time. By signing up, you agree to our terms of use and privacy policy . This site is protected by reCAPTCHA and the Google privacy policy and terms of service apply. Want more of the latest from us? Sign up for more at our newsletter page .
