CTV National News: 'A way to go before there's a formal deal' between the U.S. and China
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CTV Chief Financial Correspondent Amanda Lang says the partial tariff pause between the U.S. and China is grounds for optimism in the stock markets.
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CTV News
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Lufa Farms partners with Walmart to grow and sell greenhouse produce
With Walmart Canada, Montreal's Lufa Farms will grow produce under a 127,000 square foot greenhouse roof. Lufa Farms partners with Walmart to grow and sell greenhouse produce A partnership involving Lufa Farms is giving buying local a whole new meaning. 'We want to use free space in the cities where the people are and live,' says Lionel Trombert, Lufa Farms vice-president of finance. With Walmart Canada, the food company is taking produce from local to hyperlocal under one 127,000 square foot greenhouse roof. 'Whatever is being grown here is being picked and harvested at night and given to our customers either through the Lufa websites and, in this case, through the Walmart kiosk downstairs on a fresh basis every morning,' Trombert says. From cucumbers to peppers, it's the first time Lufa Farms produce is being sold through a retailer. This is also the first time that Walmart Canada is selling produce from its own roof. On top of filling a demand to buy locally, the partnership is a solution that offers sustainability. Lufa Farms greenhouse Lufa Farms is teaming up with Walmart to grow produce under a 127,000 square foot greenhouse roof. (Anastasia Dextrene/CTV) 'Land and water have become scarce resources and hydroponic systems usually typically consumes only about 5 to 10 per cent of the water of a land farm,' says Trombert. Their site at Marché Central is pesticide-free and you won't find soil or dirt. Instead, you'll find a hydraulic system that's responsible for producing four tonnes of crops each day. The location was chosen as the perfect basis for the project's roots, due to its size and proximity to neighbourhoods. Walmart Canada market leader Jacinthe Langevin says the company purchased more than $3.8 billion worth of products from 460 Quebec retailers last year. 'We are so proud to add Lufa Farms officially to that list,' she said. The hope is that the project will keep growing. 'There's an ask from customers and we've experienced that when we first sold those products ... we sold out almost every day,' Langevin told CTV.
CTV News
23 minutes ago
- CTV News
Mike Johnson downplays Musk's influence and says Republicans will pass Trump's tax and budget bill
Speaker of the House Mike Johnson, R-La., wraps up a news conference on U.S. President Donald Trump's bill of tax breaks and spending cuts, at the Capitol in Washington, Wednesday, June 4, 2025. (AP Photo/J. Scott Applewhite) With an uncharacteristically feistiness, Speaker Mike Johnson took clear sides Sunday in U.S. President Donald Trump's breakup with mega-billionaire Elon Musk. The Republican House leader and staunch Trump ally said Musk's criticism of the GOP's massive tax and budget policy bill will not derail the measure, and he downplayed Musk's influence over the GOP-controlled Congress. 'I didn't go out to craft a piece of legislation to please the richest man in the world,' Johnson said on ABC's 'This Week.' 'What we're trying to do is help hardworking Americans who are trying to provide for their families and make ends meet,' Johnson insisted. Johnson said he has exchanged text messages with Musk since the former chief of Trump's Department of Government Efficiency came out against the GOP bill. Musk called it an 'abomination' that would add to U.S. debts and threaten economic stability. He urged voters to flood Capitol Hill with calls to vote against the measure, which is pending in the Senate after clearing the House. His criticism sparked an angry social media back-and-forth with Trump, who told reporters over the weekend that he has no desire to repair his relationship with Musk. The speaker was dismissive of Musk's threats to finance opponents — even Democrats — of Republican members who back Trump's bill. 'We've got almost no calls to the offices, any Republican member of Congress,' Johnson said. 'And I think that indicates that people are taking a wait and see attitude. Some who may be convinced by some of his arguments, but the rest understand: this is a very exciting piece of legislation.' Johnson argued that Musk still believes 'that our policies are better for human flourishing. They're better for the US economy. They're better for everything that he's involved in with his innovation and job creation and entrepreneurship.' The speaker and other Republicans, including Trump's White House budget chief, continued their push back Sunday against forecasts that their tax and budget plans will add to annual deficits and thus balloon a national debt already climbing toward $40 trillion. Johnson insisted that Musk has bad information, and the speaker disputed the forecasts of the nonpartisan Congressional Budget Office that scores budget legislation. The bill would extend the 2017 Trump tax cuts, cut spending and reduce some other levies but also leave some 10.9 million more people without health insurance and spike deficits by $2.4 trillion over the decade, according to the CBO's analysis. The speaker countered with arguments Republicans have made for decades: That lower taxes and spending cuts would spur economic growth that ensure deficits fall. Russell Vought, who leads the White House Office of Budget and Management, said on Fox News Sunday that CBO analysts base their models of 'artificial baselines.' Because the 2017 tax law set the lower rates to expire, CBO's cost estimates, Vought argued, presuming a return to the higher rates before that law went into effect. Vought acknowledged CBO's charge from Congress is to analyze legislation and current law as it is written. But he said the office could issue additional analyses, implying it would be friendlier to GOP goals. Asked whether the White House would ask for alternative estimates, Vought again put the burden on CBO, repeating that congressional rules allow the office to publish more analysis. Other Republicans, meanwhile, approached the Trump-Musk battle cautiously. 'As a former professional fighter, I learned a long time ago, don't get between two fighters,' said Oklahoma Sen. Markwayne Mullin on CNN's 'State of the Union.' He even compared the two billionaire businessmen to a married couple. 'President Trump is a friend of mine but I don't need to get, I can have friends that have disagreements,' Mullin said. 'My wife and I dearly love each other and every now and then, well actually quite often, sometimes she disagrees with me, but that doesn't mean that we can't stay focused on what's best for our family. Right now, there may be a disagreement but we're laser focused on what is best for the American people.' Bill Barrow, The Associated Press Associated Press journalist Gary Fields contributed from Washington.
CTV News
23 minutes ago
- CTV News
CTV QP: Boosting Canada's economy with domestic trade
Watch Internal Trade Minister Chrystia Freeland speaks about the significance of domestic trade and the impact it will have on Canada's economy.
