'Elbows up' isn't the right approach to Trump, says Saskatchewan premier
"They're still going to be our largest trading partner and probably still going to be our largest ally as we increase our military investment to keep our continent safe alongside the U.S.," Moe said in an interview with CBC's The House that aired Saturday morning.
"I've never thought 'elbows up' was the proper approach with respect to negotiating."
Opponents attack Carney
Carney's opponents have attacked him over the last few days after the prime minister said on Tuesday there's "not a lot of evidence right now" the U.S. is willing to cut a trade deal without some tariffs included.
Conservative Leader Pierre Poilievre said in a social media post on Tuesday that Carney's remarks are "another unilateral concession from a man who said he would never back down to the U.S. president."
On Wednesday, Bloc Québécois Leader Yves-François Blanchet accused Carney of backpedalling. He told reporters on Parliament Hill the prime minister has "made compromises on so many things so far without achieving anything."
Carney has resisted placing additional counter tariffs on the U.S. after Trump raised steel and aluminum tariffs to 50 per cent. The prime minister also scrapped Canada's digital services tax to bring Trump back to the negotiating table in late June.
It's not clear whether those moves have helped Canada's negotiations, since talks are private. However, even after those decisions, Trump is still threatening 35 per cent tariffs on Canadian goods across the board.
Moe against counter tariffs
Moe told host Cullen he's never been a fan of counter tariffs because they raise prices and "hurt Canadian families and Canadian businesses."
"I've always been more focused on what can we do to get people to the table, keep them at the table and hammer out that agreement."
The Saskatchewan premier said he hopes any U.S. tariffs are "small or not impactful to Canadian industries."
On Friday, when asked on CBC's Power & Politics whether she would see Carney's moves as capitulating to Trump, New Brunswick Premier Susan Holt said "absolutely not."
"I think there's a lot that goes into these negotiations, coming up with the best deal for our country, for our exporters, for our economy," Holt told guest host John Paul Tasker.
She also said her province wants "to make sure our seafood sector is walking away tariff-free" and it wants to see a path to a North American trade deal "that we can all be confident will be honoured in the years ahead."
Premiers preparing to meet with Carney
On Tuesday, Canada's premiers will meet with Carney in Huntsville, Ont., to discuss Trump's latest tariff threat and how to strengthen Canada's economy by cutting interprovincial trade barriers.
Holt said she wants an update on the U.S. negotiations "because New Brunswick is very keen to see an elimination of this uncertainty" and she'll be discussing ways her province can boost ties with other regions of Canada.
During an interview on Power & Politics on Thursday, Moe said the agreements that some provinces have already made with each other to cut trade barriers are good, but he's pitching all provinces join the New West Trade Partnership Agreement (NWTPA).
The NWPTA was established in 2010 by Saskatchewan, Alberta and B.C., with Manitoba joining in 2017. The agreement reconciles rules affecting trade, investment and labour mobility and has fewer exemptions than the Canadian Free Trade Agreement.
"Maybe it's time for us just to rip the Band-Aid off, and the most free and open trade agreement that we have in Canada is the New West Partnership," Moe said.
"To extend it to all provinces I think would be a positive. Not just for the province that I represent, but I think in the medium to long term, it'd be a real positive for all Canadians."
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
20 minutes ago
- Yahoo
Why NIKE (NKE) Could Be a Comeback Story Among the Dogs of the Dow
NIKE, Inc. (NYSE:NKE) is included among the 11 Dogs of the Dow Dividend Stocks to Buy Now. A close-up of a hand holding a casual sneaker with the Nike logo on it. The world's biggest footwear company stated on Thursday that existing tariffs might push its costs up by around $1 billion. This announcement followed the release of its fiscal fourth-quarter 2025 results, which managed to surpass estimates. In fiscal Q4 2025, NIKE, Inc. (NYSE:NKE) reported revenue of $11.1 billion, which fell by nearly 12% from the same period last year. However, the revenue surpassed analysts' estimates by $373.5 million. The fourth quarter marked the period with the most significant financial impact from the company's 'Win Now' initiatives, and management expects these pressures to ease going forward. Leadership expressed confidence in the firm's ability to steer through the current unpredictable environment by maintaining focus on controllable factors and effectively carrying out the 'Win Now' strategy. NIKE, Inc. (NYSE:NKE)'s cash position also remained stable. The company ended the year with cash and equivalents and short-term investments of $9.2 billion. During the year, it returned $2.3 billion to shareholders through dividends. The company offers a quarterly dividend of $0.40 per share and has a dividend yield of 2.10%, as of July 26. It has raised its payouts for 23 consecutive years. While we acknowledge the potential of NKE as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: and Disclosure: None. 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
Yahoo
20 minutes ago
- Yahoo
Where Will Cameco Stock Be in 3 Years?
Key Points Cameco's stock recently hit an all-time high. Uranium's soaring commodity price is driving that rally. But it still looks reasonably valued relative to its growth potential. 10 stocks we like better than Cameco › Cameco (NYSE: CCJ), one of the world's top uranium miners, usually isn't a high-growth stock. But over the past three years, its price surged about 250% and now hovers near its all-time high. The S&P 500 only rose 60% during the same period. Let's see why Cameco's stock crushed the market, and if it can keep climbing over the next three years. A look back at Cameco's lost decade Cameco, which is based in Canada, owns uranium mines and mills across Canada, the U.S., and Kazakhstan. It mined roughly 17% of the world's uranium in 2024, making it the second largest uranium miner after Kazatomprom (OTC: NATK.Y), Kazakhstan's national mining company. From 2011 to 2021, Cameco's annual revenue dropped from $2.41 billion to $1.18 billion (in U.S. dollars) without a single year of revenue growth. That decline started after the Fukushima nuclear disaster in March 2011, which triggered a global collapse in uranium prices as many countries cautiously reined in their nuclear energy plans. Uranium's spot price plunged from more than $70 per pound before the Fukushima disaster to less than $20 in 2017, and Cameco was forced to suspend work at its biggest mines and throttle back its production to conserve its cash. Before the uranium market could recover, the COVID pandemic disrupted the market again and forced the company to temporarily shut down more of its mines. The weak Canadian dollar exacerbated that decline because the miner sold its uranium in U.S. dollars. What happened over the past three years? But from 2021 to 2024, Cameco's revenue had a compound annual growth rate (CAGR) of 29% in Canadian dollar terms. Its gross margins also expanded to the double digits over the past two years. Metric 2022 2023 2024 Revenue growth 27% 39% 21% Gross margin 0.1% 21.7% 25% Data source: Cameco (all figures in Canadian dollar terms). That robust recovery was driven by uranium's spot prices, which soared from $29.63 in January 2021 to $78.50 this June. That rally prompted Cameco to restart its mining operations at McArthur River in Australia and Key Lake in the Canadian province of Saskatchewan in 2022 after being suspended in 2018. It also partnered with Brookfield Asset Management to acquire the nuclear power plant designer and builder Westinghouse Electric in late 2023. Its new 49% stake in Westinghouse should offset the volatility of its core mining business and make it the top uranium supplier for those plants. Several catalysts drove uranium's price higher over the past few years. The global supply shrank as Cameco and Kazatomprom curbed their production, but the demand rose as more countries initiated new nuclear energy plans and resumed their idled projects. Other global challenges are keeping uranium prices elevated. Russia, which was a major exporter of enriched uranium products and services to the U.S. and Europe, was hit by sanctions and export bans after its invasion of Ukraine in early 2022. Kazatomprom's supply chain issues and a coup in Niger (another key producer of uranium) in 2023 further reduced the global supply while driving more nuclear energy companies to buy their uranium from Cameco. What will happen to Cameco over the next three years? The bulls expect uranium's price to soar even higher as the market's demand continues to outstrip its available supply. The rapid growth of the cloud and AI data center markets -- which are driving more companies to consider using next-gen nuclear energy solutions like small modular reactors (SMRs) and microreactors -- could amplify those gains. Looking ahead, Cameco's 49% stake in Global Laser Enrichment (GLE) -- its uranium enrichment joint venture with Silex -- could transform it into a one-stop shop for nuclear power as it integrates those uranium enrichment capabilities into its core mining and conversion businesses. The International Atomic Energy Agency (IAEA) expects the world's nuclear capacity to expand by up to 2.5 times from 2024 to 2050, so Cameco could still have plenty of room to grow over the next few decades. From 2024 to 2027, analysts expect Cameco's revenue to have a CAGR of 8% (in Canadian dollar terms) as its adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) have a CAGR of 16%. Its growth should cool off as it laps the big spike in uranium spot prices, the restarting of its mines, and its investment in Westinghouse Electric, but it still looks reasonably valued at 25 times this year's adjusted EBITDA. So even though Cameco's stock is trading near its all-time high, it could rise even higher over the next three years. Should you invest $1,000 in Cameco right now? Before you buy stock in Cameco, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Cameco wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $636,628!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,063,471!* Now, it's worth noting Stock Advisor's total average return is 1,041% — a market-crushing outperformance compared to 183% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of July 21, 2025 Leo Sun has no position in any of the stocks mentioned. The Motley Fool recommends Brookfield Asset Management and Cameco. The Motley Fool has a disclosure policy. Where Will Cameco Stock Be in 3 Years? was originally published by The Motley Fool Sign in to access your portfolio
Yahoo
20 minutes ago
- Yahoo
Mike Johnson says Ghislaine Maxwell pardon would give him ‘pause,' won't get ahead of Trump
House Speaker Mike Johnson, R-Louisiana, said he believes Ghislaine Maxwell, a key associate of Jeffrey Epstein currently serving 20 years in prison for conspiring to sexually abuse minors, should face "a life sentence." "If you're asking my opinion, I think 20 years was a pittance," Johnson told NBC's Kristen Welker on "Meet the Press" July 27. "I think she should have a life sentence, at least." His remarks to NBC come as many, including supporters of President Donald Trump, clamor for testimony from Maxwell. Some followers of the case have proposed a pardon in exchange, but Trump told reporters on July 25 he hadn't considered the move. "I'm allowed to do it, but it's something I have not thought about," the president said. Epstein was charged with sexually trafficking minors and died by suicide while in detention in 2019. Maxwell, his longtime girlfriend, has been accused of recruiting minors for the disgraced financier's predation. Maxwell maintains her innocence and is appealing her 2021 sex-trafficking conviction. Johnson in his interview with NBC reiterated that pardons aren't up to him, telling the outlet, "obviously that's a decision of the president." "I won't get in front of him," Johnson said. "That's not my lane." But, later in the interview he noted, "It's hard to put into words how evil this was, and that she orchestrated it and was a big part of it." "So, again, not my decision," he added, "but I have great pause about that, as any reasonable person would." The Trump administration for weeks has faced backlash over its handling of Epstein's case. Critics from Democratic lawmakers to prominent Republicans and slices of Trump's voter base accuse the president and other officials of not being transparent with the American people. The speaker has faced his own ongoing Epstein-related criticism, as some House Republicans have zeroed in on the Justice Department's recent review of Epstein's case and are calling for related documents to be released publicly. Democrats in Congress have piled on too. Reps. Ro Khanna, D-California, and Thomas Massie, R-Kentucky, introduced a bipartisan measure to force the Trump administration's hand in releasing the federal government's files. Also on "Meet The Press," the pair split on pardoning Maxwell. "That would be up to the president," Massie said. "But if she has information that could help us, then I think she should testify. Let's get that out there. And whatever they need to do to compel that testimony, as long as it's truthful, I would be in favor of." Khanna disagreed, saying Maxwell shouldn't receive a pardon. "Look, I agree with Congressman Massie that she should testify," the California Democrat said. "But she's been indicted twice on perjury. This is why we need the files. This is why we need independent evidence." Contributing: Bart Jansen and Aysha Bagchi, USA TODAY This article originally appeared on USA TODAY: Mike Johnson reacts to possible pardon for Ghislaine Maxwell