TSX Futures Quiet Following US-China Trade "Framework"
Futures tied to Canada's main index edged down Wednesday, as markets shrugged off a vague U.S.-China trade 'framework' that offered little to move the needle.
Market Numbers (Futures)
TSX :Down ( 0.01%) 26,423.67TSXV: Down (1.18%) 717.30DOW: Down (0.21%) 42,820.00NASDAQ: Down (0.16%) 21,927.50
FTSE: Up (0.56%) 8,881.55
In the Headlines:
Ottawa is dragging its feet on downsizing federal office space, cutting just 2% since 2019—well short of its 50% target by 2034.
And Canada's Auditor-General has warned that Canada's purchase of 88 F‑35 fighter jets is now facing a nearly 50% cost escalation—topping C$27.7 billion triggering fresh scrutiny from Ottawa.
Currencies Update: (Futures)
The Canadian dollar stepped down by 0.10% this morning to $0.7301 US, also sank against the Euro by 0.17% to $0.6379 and Bitcoin lags behind by 0.07% to 149,746.75
Commodities: (Futures)
Natural Gas: Up (2.14%), 3.61WTI: Up (1.53%), 65.97Gold: Up (0.38%), 3,334.88
Copper: Down (0.74%) 6.05
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Cision Canada
44 minutes ago
- Cision Canada
MEDIA ADVISORY - A red line for Gaza: Civil society decries Canadian inaction Français
MONTRÉAL, June 14, 2025 /CNW/ - In solidarity with the Palestinian people, a wide cross-section of organizations representing civil society, trade unions and human rights call on everyone to join a large demonstration in Montreal on Saturday. Participants are invited to wear red to symbolize the many red lines that have been crossed by Israel in Gaza and to call on Canada to move now from words to actions. WHAT: A solemn demonstration to attest to the many red lines that have been crossed, followed by a rally with speeches and reflection. WHEN: Saturday June 14th, 1:30 pm WHERE: The demonstration will begin at Place Norman-Bethune (Guy-Concordia Metro) and will end at Place des Montréalaises (Champ-de-Mars Metro). WHO: Everyone who wants to denounce the situation in Gaza and to call on the Government of Canada to act. More than 50 organizations have confirmed that they will be part of the march. Several spokespersons will be available on site for media interviews, including : Mélanie Jomphe, Gaza Human Resources Manager, Doctors Without Borders Canada Nadja Pollaert, Executive Director, Doctors of the World Canada Béatrice Vaugrante, Executive Director, Oxfam-Québec France-Isabelle Langlois, Executive Director, Amnesty International Canada francophone Patrick Robitaille, Head of Humanitarian Affairs, Save the Children Canada Anne Delorme, Executive Director, Humanity & Inclusion Canada Anaïs Barbeau-Lavalette, Spokesperson, Mères au front Niall Ricardo, Spokesperson, Association of Progressive Jurists Raymond Legault, Spokesperson, Coalition du Québec URGENCE Palestine Fabienne Presentey, Spokesperson, Independent Jewish Voices – Montréal QUOTATIONS: "Amnesty International calls on the Canadian government to cease all political, economic and military support to Israel while it continues to block humanitarian aid, is guilty of genocide, war crimes and structural violations of human rights in Gaza and throughout the Occupied Palestinian Territories." — France-Isabelle Langlois, Executive Director, Amnistie internationale Canada francophone "For decades we have worked with our Palestinian partners to address the needs of the people. We have worked steadfastly to meet a range of human needs including health, food security, clean water, psychological support, clothing, blankets and menstrual products. During the last 20 months, both in Gaza and the West Bank, our impartial humanitarian work has been stopped like nowhere else on Earth. What is more, our repeated calls to prioritize life and international law over military gain have been met with hollow responses. Today's red line is our collective cry to stop this suffering. Our unconditional demand is clear: Canada must act decisively, as promised, to uphold international humanitarian law and protect the people of Gaza from famine, violence, and despair." — Humanity & Inclusion Canada, Doctors Without Borders Canada, Doctors of the World Canada, Oxfam-Québec, Save the Children Canada, Islamic Relief Canada "Before the eyes of the entire world, with almost complete immunity, Israel commits ethnic cleansing amounting to genocide. Canada's and Québec's complicity and inaction are abject. Let us mobilise to demand severe sanctions against Israel, a permanent cease-fire in Gaza and the full realization of the right to self determination of the Palestinian people." — Chantal Ide, Secretary General, Conseil central du Montréal métropolitain – CSN "A genocide is unfolding before the world. The international community looks away. Our governments, our media, and our institutions are betraying humanity. We, Mothers at the Front, stand up. We refuse this silence of complicity. We refuse to be passive witnesses to crimes against humanity. We carry the voices of angry mothers, of missing children and of an abandoned people." — Anaïs Barbeau-Lavalette, Spokesperson, Mères au front "We demand that the Canadien government end its complicity in the atrocities, genocide, deadly bombing raids and other Israeli crimes against humanity and war crimes being committed in Gaza and elsewhere in Palestine and the Middle-East. We call on the government to radically reorient its approach so as to promote and protect international law, humanitarian aid, human rights and the inalienable right of the Palestinian people to self-determination. We decry the growing weaponization of anti-Semitism by the government and some elected officials seeking to silence those who defend universal human rights and who refuse to be complicit in Israeli actions seeking to exterminate the Palestinians." — Glenn Rubenstein, Spokesperson, Independent Jewish Voices – Montréal "We demand that Canada immediately impose severe, multi-faceted and prolonged sanctions against Israel to put an end to the genocide in Gaza, and to demand the dismantling of its illegal occupation and colonization, and the urgent realization of the Palestinian people's right to self-determination." — Amélie Nguyen, Spokesperson, Coalition du Québec URGENCE Palestine "The very foundations of international law, established after World War II and the Shoah, are being undermined by the impunity of Israel and the silence of countries such as Canada. It is way past time that the Canadian Government takes stock of the genocide underway in Gaza and does what is needed to halt this impunity, including with sanctions and an arms embargo." — Niall Ricardo, Spokesperson, Association of Progressive Jurists The signatories : Alternatives International Amnistie internationale Canada francophone Association des juristes progressistes (AJP) Association québécoise des organismes de coopération internationale (AQOCI) Ateliers d'éducation populaire du Plateau Attac-Québec Centre d'Alphabétisation de Villeray La Jarnigoine Centre des Femmes de Laval Centre des travailleurs et travailleuses immigrant•es / Immigrant Workers Centre Coalition du Québec URGENCE Palestine Collectif de convergence citoyenne d'Ahuntsic-Cartierville Collectif de lutte et d'action contre le racisme (CLAR) Collectif de Québec pour la paix Collectif Échec à la guerre Comité logement Rosemont Congrès iranien du Canada Conseil central du Montréal métropolitain-CSN Coopération Canada / Cooperation Canada Coopérative de Solidarité L'Euguélionne, Librairie Féministe et Queer Coordinating Council for Palestine (CC4P) Coordination du Québec de la Marche mondiale des femmes (CQMMF) Co-Savoir EXEKO Fédération des femmes du Québec Fédération nationale des enseignantes et des enseignants du Québec (FNEEQ-CSN) Femmes de diverses origines (FDO) Health workers Alliance for Palestine (HAP)/Alliance des soignant.e.s pour la Palestine (ASP) Humanité & Inclusion Canada / Humanity & Inclusion Canada Islamic Relief Canada Le Journal des Alternatives Ligue des droits et libertés - section de Québec Médecins du Monde Canada / Doctors of the World Canada Médecins du Québec contre le génocide à Gaza Médecins sans frontières / Doctors Without Borders (MSF) Canada Mères au Front - Comité Palestine Monthly Dignity/ Dignité Mensuelle Mouvement d'éducation populaire et d'action communautaire du Québec (MÉPACQ) Oxfam-Québec Palestine Vivra Palestiniens et Juifs unis (PAJU) Regroupement des assistées sociales et assistés sociaux du Témiscouata (RASST) Regroupement des Haïtiens vivant à Montréal Contre l'Occupation d'Haïti (REHMONCOH) Regroupement des organismes en défense collective des droits (RODCD) Religions pour la Paix - Québec Réseau des Tables régionales de groupes de femmes du Québec Save the Children Canada SDHPP - Solidarité pour les droits humains des Palestiniennes et Palestiniens - UQAM Soeurs auxiliatrices Solidarité Environnement Sutton Solidarité Sherbrooke - Palestine South Asian Diaspora Action Collective (SADAC) Table des groupes de femmes de Montréal UTIL - Unité théâtrale d'interventions locales Voix juives indépendantes – Montréal
Winnipeg Free Press
2 hours ago
- Winnipeg Free Press
PM Carney says he has no plans to tackle 24 Sussex question during his mandate
OTTAWA – Almost a decade after 24 Sussex Drive was abandoned as the official residence of the Canadian prime minister, taxpayers are still shelling out tens of thousands of dollars a year to maintain the vacant property, and the new prime minister has signalled he's in no rush to deal with the crumbling building. Prime Minister Mark Carney told reporters in May that it's up to the National Capital Commission to decide what to do with 24 Sussex. 'It's not a challenge for today, this month, this year and it's probably a challenge for this mandate,' Carney said in French, adding that multiple ideas on how to renew 24 Sussex have been put forward by former prime ministers. The home is a 35-room mansion that was built in 1896, and served as the prime minister's official residence starting in 1951. It has been a federal heritage site since 1986. But former prime minister Stephen Harper was the last leader to live at 24 Sussex. When Justin Trudeau took over as prime minister in November 2015, he and his family instead moved into Rideau Cottage, a home on the grounds of Rideau Hall. Carney and his family now also live at Rideau Cottage. While the grounds of 24 Sussex were used during Trudeau's tenure for some social events, it was closed by the National Capital Commission in 2022 for 'health and safety reasons.' Those included an infestation of rats that was so severe they found rodent carcasses and excrement in the home's walls, attic and basement. The commission has since spent hundreds of thousands of dollars on maintaining the building. A document detailing expenses for 24 Sussex, obtained via information access law, shows that upkeep of the building cost taxpayers more than $680,000 between January 2018 and June 2023. Those costs included elevator maintenance, janitorial services, boiler maintenance, the removal of a bees' nest, pest control, roof repair and pool cleaning. In 2022, the NCC spent just over $76,000 to repair a stone wall and steel fence after a tourist bus crashed into the gates of 24 Sussex. NCC spokesperson Valérie Dufour said the organization is unable to provide any up-to-date information on operations and maintenance costs for the building. She confirmed the NCC continues to pay to maintain the building. A separate document from 2023, obtained via an access to information request, shows the Trudeau government looked at three main options for the official residence. The first option would be to establish Rideau Cottage as the prime minister's permanent residence by investing in additional residential infrastructure, such as laundry and staff offices. The second option would be to build a new 'modern facility' at 24 Sussex with 'limited heritage elements,' which would accommodate both residential and official functions. The third option would be to build an entirely new residence on NCC-owned land elsewhere in Ottawa. Dufour said the commission presented options on the future of the official residence to the government and is awaiting a decision. In a letter addressed to then-procurement minister Jean-Yves Duclos, Trudeau asked for a proposal on new options for the official residence to be drafted by January 2026. Trudeau said the proposal should include a plan to transfer all responsibility for the official residence, except for general maintenance, from the National Capital Commission to Public Services and Procurement Canada. Andrew MacDougall, who was director of communications to former prime minister Stephen Harper, said that while Carney is right to focus on more important files, Canada still needs to maintain 'symbols' of its nationhood — including 24 Sussex. 'Imagine a U.S. president leaving the White House in a dilapidated state. They would never,' he said. 'And so why do we tolerate it?' MacDougall argued that Carney is already 'opening the taps and spending like there's no tomorrow' and he might as well take on a problem that too many prime ministers have ignored. Franco Terrazzano, federal director of the Canadian Taxpayers Federation, said the real problem is that the National Capital Commission is 'too good at wasting our money but bad at managing properties.' 'With debt interest charges blowing a $1 billion hole in the budget every week, Prime Minister Mark Carney must make it a priority to hold the NCC accountable to stop wasting so much money,' he said. 'Canadians also shouldn't be paying for an official residence for any opposition leader or Speaker, and the prime minister doesn't need multiple residences.' Katherine Spencer-Ross, president of Heritage Ottawa, said Carney's reluctance to tackle 24 Sussex is 'hardly surprising' given the amount of work on his plate. 'I'm not holding my breath,' she said. 'I think he's got another fish to fry.' Spencer-Ross said that while prime ministers have been afraid to do anything about 24 Sussex because of the political optics, the prime minister of the day is still the 'steward' of the building. 'It is not their home. It is not their party's home. It belongs to the people of Canada,' she said. Spencer-Ross said Heritage Ottawa wrote to Trudeau in 2018 to suggest setting up an external advisory committee to look at options for the residence. She said nothing happened with that idea until Trudeau included it in his letter to Duclos. She said her organization believes the building should be maintained, renewed and kept in public hands, even if it's no longer the official residence. This report by The Canadian Press was first published June 13, 2025.
Winnipeg Free Press
2 hours ago
- Winnipeg Free Press
As Trump heads to the G7, Canada hopes to avoid another Charlevoix-style eruption
OTTAWA – U.S. President Donald Trump is set to arrive Sunday in Alberta for the G7 summit — his first visit to Canada since leaving in a huff seven years ago. Ottawa could use everything from golfing and creative scheduling to special cabinet orders to make the visit successful and avoid a repeat diplomatic disaster. 'He is somebody who is very prickly when he feels like he's not being fully respected,' said Eric Miller, president of Rideau Potomac Strategy Group, a cross-border consultancy. 'You want to make absolutely sure that … he walks away and says, 'You know, those Canadians aren't so bad after all.'' Better than last time The last time Trump was in Canada — for the G7 summit in the Charlevoix region of Quebec — things ended in a blowout. Trump refused to sign the communiqué, the published list of statements on common G7 issues that are mostly negotiated and agreed to by member nations ahead of time. He left early and lambasted Trudeau as 'very dishonest and weak' in a spat over tariffs. The summit included what Miller called the 'photograph for the ages' — of then German chancellor Angela Merkel and others standing sternly over a seated Donald Trump, who appeared to be glaring back with crossed arms. German Ambassador to Canada Matthias Lüttenberg put it bluntly when he told a June 4 panel that Ottawa was again navigating 'very difficult circumstances' as G7 chair — and capably, in his view. 'I mean, I wouldn't like to negotiate with a country at the table who's questioning my sovereignty as a state,' he said. Sen. Peter Boehm, who was summit head in 2018, recalled two late nights of negotiations because the Trump administration didn't align with the others on including climate change or references to the 'rules-based international order.' Informal talks Prime Minister Mark Carney won office in April after repeatedly saying he could stand up to Trump's threats to ruin the Canadian economy in order to make the country an American state. Carney had a cordial visit to Washington in early May and even got praise from Trump on social media and in person, despite the president insisting Canada should still become a U.S. state. The two have continued talking. U.S. Ambassador Pete Hoekstra revealed earlier this month that the president and Carney have exchanged frequent calls and texts on trade and tariffs. Miller said facetime between the two leaders in Alberta could help them make progress on economic concerns, as well as Trump's pitch to bring Canada into his proposed Golden Dome missile shield project. 'Given that there is this conversation underway, it is important that they have an opportunity to continue that, and to meet perhaps in a setting that is less structured and formal than the Oval Office,' Miller said. 'Life is about imperfect choices, and it's absolutely the right thing to have Mr. Trump come to Canada.' He said he's not sure if there will be any formal announcement, though he added Trump is keen to sign agreements with multiple countries ahead of his self-imposed July 9 deadline for so-called retaliatory tariffs. Miller said both Canada and the U.S. are likely to take credit for Ottawa announcing this month it will drastically speed up its pledge to meet NATO's defence spending target. Trump might also take note of the fact that he's in one of the few provinces that have opted to resume sales of U.S. alcohol, after all provinces banned it from their liquor store shelves in response to U.S. tariffs. Lower expectations Ottawa's decision to schedule relatively short group discussions among G7 leaders, and to invite numerous other world leaders, could mean more of the one-on-one meetings that Trump prefers. 'Trump does not like multilateral meetings particularly. He loses interest,' Boehm said. Canadian officials have said they are focused on releasing shorter, focused statements — which could avoid the kind of major blowups that could come from trying to craft the kind of massive joint communiqué that has concluded almost all other G7 summits. Former prime minister Jean Chretien told a panel Thursday that if Trump does have an outburst, G7 leaders should ignore him and 'keep talking normally.' Miller said that for Canada, 'ensuring a positive agenda that doesn't lead to acrimony afterwards' means advancing its interests without isolating the U.S., particularly with so many guest leaders attending. 'The trick that Mr. Carney has to pull off is to reassure the U.S. that it wants a good, positive relationship — while at the same time running vigorously, as quickly as possible, to try to build new relationships,' he said. It's also entirely possible that Trump will leave before the meetings conclude. A visiting felon Keeping it positive is also likely why Ottawa will skirt rules that might bar Trump from crossing into Canada after he was found guilty on 34 criminal counts in a 'hush money' trial in May 2024. Immigration lawyers say those convicted of serious crimes abroad must serve their time and wait five years before seeking a certificate of admissibility to Canada, though there are loopholes if someone seeks a visa for a compelling reason. The federal cabinet passed a formal order published in February that gives diplomatic immunity and privileges to 'representatives of a foreign state that participate in the G7 meetings.' Fore! Monday Mornings The latest local business news and a lookahead to the coming week. Another way Canada could ensure a successful visit could be to get Trump to the Kananaskis Country Golf Course — a prospect much discussed in media reports that remained unconfirmed as of Friday afternoon. Carney gave Trump a hat and golf gear from that course during his visit to the Oval Office in May. Miller said that wasn't just a gimmick — Trump loves making deals while teeing off, and it could provide Carney or others with hours of facetime on a golf cart, which is Trump's comfort zone. 'Golf has been pretty central to his life,' he said. 'It makes eminent sense to have Mr. Trump playing at a high-quality golf course.' This report by The Canadian Press was first published June 14, 2025.
