logo
U.S. Ambassador to Canada Says Breakthrough Possible in Bilateral Talks at G-7 Summit

U.S. Ambassador to Canada Says Breakthrough Possible in Bilateral Talks at G-7 Summit

OTTAWA—President Trump is keen to conclude a new economic-and-security pact with Canada as quickly as possible, with the possibility of a breakthrough when Trump meets Prime Minister Mark Carney at the Group of Seven summit in Alberta, Washington's chief envoy in Ottawa said.
U.S. Ambassador to Canada Pete Hoekstra told a blue-chip luncheon crowd in the capital that all indications point to the possibility of a good deal for both countries, although cautioning the imposition of tariffs remains a key policy priority for the president.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Posthaste: Never mind the mortgage cliff, this is the debt Canadians are really struggling with
Posthaste: Never mind the mortgage cliff, this is the debt Canadians are really struggling with

Yahoo

time27 minutes ago

  • Yahoo

Posthaste: Never mind the mortgage cliff, this is the debt Canadians are really struggling with

Remember those warnings about Canadians falling off the mortgage cliff when the rock-bottom borrowing of the pandemic came up for renewal at much higher rates. That cliff turned out to be of more of a 'curb' as one observer put it, and the people who are struggling the most with debt these days, according to the latest surveys, don't even have a mortgage. An Equifax Canada report out this week found that close to 1.4 million Canadians missed a credit payment in the second quarter. That's actually down a touch since the first quarter, but still 118,000 higher than a year ago. However, the number of people who missed a payment who don't have a mortgage are nearly double the number who do. 'While the overall delinquency rate appears to be levelling off, the underlying story is far more complex,' said Rebecca Oakes, vice president of advanced analytics at Equifax Canada. 'We continue to see a growing divide between mortgage and non-mortgage consumers — and continued financial strain among younger Canadians, who are facing a slower job market and rising costs.' Canadians under 36 appear to be facing the most financial difficulties. The delinquency rate for this age group jumped almost 20 per cent from a year ago and average non-mortgage debt rose to $14,304. 'This demographic is currently reporting some of the highest delinquency levels for both credit cards and auto loans,' said the study. Equifax says spending levels have increased among those without a mortgage, while homeowners spent less on their credit cards. Credit card balances hit a record $113.3 billion in June, according to data released by Statistics Canada yesterday, and total non-mortgage credit liabilities reached $793 billion, up $29 billion from the year before. The Credit Counselling Society said the Canadians reaching out to its service for help are now carrying bigger debt loads. The average unsecured debt load rose to $34,400 in June, up 14 per cent from last year. 'The affordability crisis seems to be hitting younger consumers the hardest,' said Oakes. 'Between rising costs, employment uncertainty, and limited access to affordable credit, many are struggling just to stay afloat.' Ontario, especially the Great Toronto Area and Hamilton, showed the sharpest increases in missed payments in the country. Equifax says this reflects the high cost of living in these regions and exposure to the auto and steel industries which are now being hit by U.S. tariffs. Delinquency rates also rose in Alberta, where people without a mortgage are showing greater financial stress than their neighbours with mortgages, said Oakes. Equifax expects credit performance to remain a key issue for young consumers well into the second half of the year. to get Posthaste delivered straight to your inbox. Housing starts in Canada jumped to 294,000 in July, beating economic forecasts. The gains were driven by multi-unit construction, while single-family housing starts remained flat. The biggest building boom is in Montreal where housing starts are up 50 per cent year to date over last year, said Kari Norman, an economist with Desjardins Group. It is even overtaking Toronto, where housing starts are half what they were last year. This is the fourth straight month of gains, but the outlook for housing starts remains unclear, especially since there is 'significant excess supply' of already built multi-unit apartments, said Norman. 'Without enough presales, developers may not be able to obtain funding to move projects forward,' he said. Natural Resources Minister Tim Hodgson will make an announcement on innovation in the nuclear sector in Kincardine, Ont. Today's Data: Canada inflation, United States housing starts, building permits Earnings: Home Depot Inc. Safe as houses? How Canada's ailing housing market could spell trouble for the whole economy Investors and car buyers take note: 'If it's hard to buy, it's going to be hard to sell' I almost fell off my chair': Investors lose billions on meme stocks as 'pump and dump' scams multiply 'If it's hard to buy, it's going to be hard to sell' — Investing pro Martin Pelletier has a cautionary tale about trying to sell his Maserati and the message is the same advice applies to low-volume stocks or private businesses operating in niche markets. While these investments looks good on paper it can be difficult to sell without taking a significant discount, especially if a quick sale is needed or if market sentiment shifts. Whether you're buying a rare car, a microcap stock or a stake in a private company, these are the principles you should follow. Read on Are you worried about having enough for retirement? Do you need to adjust your portfolio? Are you starting out or making a change and wondering how to build wealth? Are you trying to make ends meet? Drop us a line at wealth@ with your contact info and the gist of your problem and we'll find some experts to help you out while writing a Family Finance story about it (we'll keep your name out of it, of course). McLister on mortgages Want to learn more about mortgages? Mortgage strategist Robert McLister's Financial Post column can help navigate the complex sector, from the latest trends to financing opportunities you won't want to miss. Plus check his mortgage rate page for Canada's lowest national mortgage rates, updated daily. Financial Post on YouTube Visit the Financial Post's YouTube channel for interviews with Canada's leading experts in business, economics, housing, the energy sector and more. Today's Posthaste was written by Pamela Heaven with additional reporting from Financial Post staff, The Canadian Press and Bloomberg. Have a story idea, pitch, embargoed report, or a suggestion for this newsletter? Email us at posthaste@ Why Trump might have to cut tariffs — (spoiler, they're not working) Canadians overlooking 'wonderful buy-and-hold stocks that are in plain sight' Erreur lors de la récupération des données Connectez-vous pour accéder à votre portefeuille Erreur lors de la récupération des données Erreur lors de la récupération des données Erreur lors de la récupération des données Erreur lors de la récupération des données

Apple launches program in Canada helping customers self-repair devices
Apple launches program in Canada helping customers self-repair devices

Yahoo

time27 minutes ago

  • Yahoo

Apple launches program in Canada helping customers self-repair devices

Apple has launched in Canada its program that helps customers get the parts, tools and manuals they need to fix their own devices. Under the program, customers pay for any parts and rent or buy tools necessary to make repairs but get access to manuals and diagnostic software that help troubleshoot issues for free. The tech giant says its self-repair program can help with fixes for iPads, iPhones and Macs. Parts available range from batteries to glass screen covers, while tools include torque drivers, adhesive cutters and screw bits. Once a customer finishes their repair, they can receive a credit when they return their used or damaged parts to be refurbished or recycled responsibly. Canada is the 34th country to get access to the Apple self-repair program. This report by The Canadian Press was first published Aug. 19, 2025. Tara Deschamps, The Canadian Press 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

C-COM Receives US Patent for Innovative Ka-band Phased Array Antenna in Package Technology
C-COM Receives US Patent for Innovative Ka-band Phased Array Antenna in Package Technology

Yahoo

time27 minutes ago

  • Yahoo

C-COM Receives US Patent for Innovative Ka-band Phased Array Antenna in Package Technology

Ottawa, Ontario--(Newsfile Corp. - August 19, 2025) - C-COM Satellite Systems Inc., (TSXV: CMI) (OTCQB: CYSNF) a leading global provider of commercial grade mobile auto-deploying satellite antenna systems, announced today that it has been granted US patent No.:12,381,318 B2 for its invention of a Ka-band 2D Phased-Array Antenna in Package. This is the 12th patent C-COM has been granted and is the result of its ongoing research and development of a new Electronically Steerable Ka-band Phased Array Antenna which is being developed in partnership with the University of Waterloo and with the assistance from the Ontario Centers for Excellence (OCE), the Canadian Space Agency (CSA), and Natural Sciences and Engineering Research Council of Canada (NSERC). This unique low-cost and efficient millimeter-wave phased array antenna in a package comprises an antenna array with an integrated passive beamformer network and at least one actuation mechanism. The passive beamformer network comprises a phase shifter with a transmission line having a slow-wave structure and a ceramic. "This new technology looks very promising for the development of next-generation hybrid (passive/active) phased array antennas, which can be applied in large-scale phased array antenna systems," said Bilall Awada, Chief Technology Officer of C-COM. "This patented invention provides further recognition of the quality of the innovation being carried out by C-COM's research team in partnership with the University of Waterloo," said Leslie Klein, President and CEO of C-COM Satellite Systems Inc. "We intend to incorporate this technology into future generations of affordable phased array antennas." Klein noted that "the Company continues to innovate and modernize the mobile SATCOM business by offering the highest quality, cost-effective, and most reliable products, coupled with fast delivery and top-grade customer support." About C-COM Satellite Systems Inc. C-COM Satellite Systems Inc. is a pioneer and a leading global designer, developer, and manufacturer of transportable and mobile satellite-based antenna systems. The Company has developed proprietary, auto-acquisition controller technology for rapid antenna pointing to a satellite with just the press of a button, enabling Broadband Internet via Satellite across a wide range of market applications worldwide, including regions unserved or underserved by terrestrial access technologies. C-COM has sold more than 11,000 antenna systems, in over 100 countries, through a dedicated dealer network that provides service to a wide range of vertical markets such as Oil and Gas Exploration, Military Communications, Disaster Management, SNG, Emergency Communications, Cellular Backhaul, Telemedicine, Mobile Education, Government Services, Mobile Banking, and others. The Company's iNetVu® brand is synonymous with high quality, reliability, and cost-effectiveness. C-COM is in the final stages of satellite testing and manufacturing of a potentially revolutionary Ka-band, electronically steerable, modular, conformal, flat panel phased array antenna. C-COM has developed this unique multi-orbit antenna with the intent of providing low-cost, high-throughput mobility applications over satellite for land, airborne and maritime verticals over LEO, MEO and GEO satellite constellations. Another significant project underway at C-COM is the development of an Analog Beamforming Integrated Circuit, which is progressing well and is now in a testing phase. These BFICs will be used in the manufacturing of all our ESA antennas with the intent to significantly reduce their cost and improve their performance and will also be made available for sale. For additional information please visit iNetVu® is a registered trademark of C-COM Satellite Systems Inc. The Company is publicly traded on the Canadian Venture Exchange (TSXV: CMI) and on the US OTC Exchange (OTCQB: CYSNF). # # # Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Forward-Looking Statements This news release contains forward-looking statements. These statements relate to future events or future performance and reflect management's current expectations and assumptions. Statements about C-COM's expectations for future results, its expectations with respect to the development and commercialization of products based on the invention, the size of the potential market, C-COM's expectations of being able to capitalize on the market and the expectation that investment in R&D will generate returns to the company all contain forward-looking information. Several factors could cause actual events, performance or results to differ materially from the events, performance and results discussed in the forward-looking statements. Product testing may be delayed, may not have positive results or may result in necessary changes to the product design. Product development and launch may be postponed, delayed or, in the worst case, cancelled for many reasons outside C-COM's control, anticipated benefits of the new technology may not be realized, new products and services may not be released or, if released may not gain market acceptance and factors outside of C-COM's control may cause it to focus of its efforts and investments differently than described above. Any of those events and others could influence future performance and C-COM Satellite Systems Inc.'s ability to achieve the results mentioned above. These forward-looking statements are made as of the date hereof and C-COM Satellite Systems Inc. does not assume any obligation to update or revise them to reflect new events or circumstances. Readers are directed to the risk factors associated with the business of C-COM Satellite Systems in the company's most recent MD&A available at INVESTOR RELATIONS C-COM Satellite Systems (613) 745-4110 ext. 4950Fax: (613) 745-7144lklein@ To view the source version of this press release, please visit 擷取數據時發生錯誤 登入存取你的投資組合 擷取數據時發生錯誤 擷取數據時發生錯誤 擷取數據時發生錯誤 擷取數據時發生錯誤

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store