In the news today: Steelmakers urge Ottawa to match Trump tariffs
Here is a roundup of stories from The Canadian Press designed to bring you up to speed...
Steel firms, workers to meet with MPs in Ottawa urging tariff action against U.S.
Canadian steel companies and union workers are meeting with members of Parliament today with the hopes of convincing Ottawa to punch back at U.S. President Donald Trump's tariff hike. Industry and labour groups, along with Ontario Premier Doug Ford, are all calling on the federal government to quickly implement matching tariffs to retaliate against the U.S. Trump doubled his duties on steel and aluminum products on Wednesday from 25 to 50 per cent — what amounts to a massive threat to Canadian industry. Prime Minister Mark Carney says his government will need to take "some time" to craft a response to the increased U.S. tariffs.
A quarter of Canadians view U.S. as 'enemy': Poll
Faced with a trade war they didn't start, Canadians are divided on whether they see the United States as an "enemy" or an "ally," a new poll suggests. The Leger poll, which was conducted online and can't be assigned a margin of error, surveyed more than 1,500 people between May 30 and June 1. Almost a third of respondents said they view the U.S. as a "neutral country," while 27 per cent said they consider it an "ally" and 26 per cent see it as an "enemy country." Just over a third of men said they consider the U.S. an ally, compared with one in five women. Older Canadians, those at least 55 years of age, were more likely to consider the U.S. an enemy than younger Canadians.
Here's what else we're watching...
Canadians held in Syria pursue rights complaints
A dozen Canadian men and children detained in Syria are complaining to the Canadian Human Rights Commission that Ottawa is discriminating against them by not assisting their return to Canada. The Canadians are among the foreign nationals who have endured squalid and dangerous conditions for years in camps and prisons run by Kurdish forces that reclaimed the war-ravaged region from militants. Some Canadian women and children have been repatriated with help from Canadian officials and the co-operation of Kurdish authorities. There are 12 complainants in the human rights commission case — five Canadian men and seven children aged five to 12.
More than 2,200 Ontarians died of opioids in 2024
New data from the Office of the Chief Coroner shows that more than 2,200 Ontarians died from opioids last year, a 15 per cent decrease from 2023. Chief coroner Dirk Huyer says the decline gives him a "small degree of optimism," but he worries that the numbers could potentially get worse again. His office had recorded 2,639 opioid deaths in 2023. The mortality rate from opioid overdoses was 14.3 deaths per 100,000 people in 2024. Fentanyl and its related substances were found in more than 83 per cent of opioid toxicity deaths last year.
Habitat probe as B.C. First Nation builds island
A First Nation has built a small artificial island in Coles Bay off Vancouver Island, triggering an investigation into potential habitat destruction and whether the work was authorized. The Department of Fisheries says its officers are assessing whether the Pauquachin First Nation needed permission to construct the island, which is part of a plan to build a clam garden in the shallows of the bay. Excavators and dump trucks were involved in building the island over several days last week, hauling loads of rock into the tidal waters. North Saanich resident Richard Smith watched the construction and says he's concerned about the state of the ocean floor.
Montreal hopes for better Grand Prix weekend
Montreal is hoping to redeem itself during the upcoming Grand Prix weekend after last year's event became a source of embarrassment. The city says it's taking steps to improve access to the Formula 1 site on a man-made island and to reduce congestion during the event, which begins June 13. The Montreal fire department also says it's working with restaurant owners to ensure they're ready for the influx of tourists. Fire inspectors caused an uproar last year when they abruptly ordered some restaurants to close their patios on one of the busiest evenings of the year. The 2024 Grand Prix weekend was also marred by flooding at the race site, traffic headaches and miscommunication.
This report by The Canadian Press was first published June 5, 2025.
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TORONTO and MONTRÉAL, June 6, 2025 /CNW/ - Public Sector Pension Investment Board (PSP Investments) announced today that it has completed its acquisition of a 7.51% minority stake in 407 Express Toll Route (407 ETR) from Canada Pension Plan Investment Board (CPP Investments), joining the ownership group of the 108-kilometre, all-electronic, barrier-free toll highway. The 407 ETR, a key infrastructure asset in the Greater Toronto Area (GTA), plays a crucial role in regional mobility. Global infrastructure operator Ferrovial is also a co-owner of the asset, alongside PSP Investments and CPP Investments. "Today marks the beginning of a new partnership with CPP Investments and Ferrovial in the ownership of 407 ETR. This represents our largest-ever investment in Canada and will contribute to our mission and mandate," said Sandiren Curthan, Managing Director and Global Head of Infrastructure Investments at PSP Investments. "This investment is part of our broader strategy to invest in core infrastructure assets and will further strengthen our global portfolio of roads assets. We're bringing our extensive transportation sector knowledge to bear on this critical roadway, helping to ensure that it continues to serve the over 3 million Canadians who rely on it each week." Concurrent to this closing, AtkinsRéalis has completed its sale of its previously announced 5.06% interest in 407 ETR to Ferrovial and a 1.70% stake to CPP Investments. Together, these acquisitions represent the full 6.76% stake previously held by AtkinsRéalis, which has exited the 407 ETR ownership group. Net the contemplated transactions, CPP Investments has sold a 5.81% stake in 407 ETR. "Highway 407 ETR continues to provide reliable and essential service to millions of users across the GTA and remains a strong fit for our investment portfolio. With this transaction, CPP Investments has optimized returns for CPP contributors and beneficiaries after 15 years of ownership, while continuing to own a significant stake in this high-quality business – our largest investment in Canada," said James Bryce, Managing Director, Head of Infrastructure, CPP Investments. "We look forward to strong partnership with PSP Investments, Ferrovial and the 407 ETR management team in our next chapter of ownership." With the transactions now complete, 407 ETR's ownership is as follows: Ferrovial at 48.29%, CPP Investments and other institutional investors at 44.20%, and PSP Investments at 7.51%. About PSP Investments The Public Sector Pension Investment Board (PSP Investments) is one of Canada's largest pension investors with $264.9 billion of net assets under management as of March 31, 2024. It manages a diversified global portfolio composed of investments in capital markets, private equity, real estate, infrastructure, natural resources, and credit investments. Established in 1999, PSP Investments manages and invests amounts transferred to it by the Government of Canada for the pension plans of the federal public service, the Canadian Forces, the Royal Canadian Mounted Police and the Reserve Force. Headquartered in Ottawa, PSP Investments has its principal business office in Montréal and offices in New York, London and Hong Kong. For more information, visit or follow us on LinkedIn. About CPP Investments Canada Pension Plan Investment Board (CPP Investments™) is a professional investment management organization that manages the Canada Pension Plan Fund in the best interests of the more than 22 million contributors and beneficiaries. In order to build diversified portfolios of assets, we make investments around the world in public equities, private equities, real estate, infrastructure and fixed income. Headquartered in Toronto, with offices in Hong Kong, London, Mumbai, New York City, San Francisco, São Paulo and Sydney, CPP Investments is governed and managed independently of the Canada Pension Plan and at arm's length from governments. At March 31, 2025, the Fund totalled C$714.4 billion. For more information, please visit or follow us on LinkedIn, Instagram or on X @CPPInvestments. SOURCE PSP Investments View original content to download multimedia: 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