'More than a store': What this 135-year-old shop in Bass River means to the community
In this piece for CBC Creator Network, Jon Claytor illustrates the story of the Dominion Chair General Store in Bass River, N.S., and its place in the community.
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National Observer
2 hours ago
- National Observer
Carney says trade talks in 'intense phase' after Trump notches a win with European Union
Prime Minister Mark Carney said Monday that Canada's negotiations with the United States are in an "intense phase" after President Donald Trump achieved a critical agreement with the European Union days away from his tariff deadline. The prime minister's comments come after Trump last week told reporters that Canada wasn't a priority ahead of his Aug. 1 deadline to make trade deals. "There are many aspects to these negotiations," Carney said in P.E.I. "We are engaged in them but the assurance for Canadian business, for Canadians, is we will only sign a deal that's the right deal, that's a good deal for Canada." The EU framework announced Sunday gave Trump a much-needed win as he looks to realign global trade — and it indicates that no nations are likely to get a reprieve from his tariffs. It sets a 15 per cent tariff on most goods, including European automobiles. Trump said 50 per cent tariffs will remain on steel and aluminum. Other details of the deal remain unclear, including its effects on measures the US considers trade irritants, such as Europe's digital services taxes and non-tariff barriers. Trump said the EU had agreed to buy US$750 billion worth of US energy and invest an additional US$600 billion in the United States. The president recently said that countries will have to "buy down" the threatened tariff rate. Baseline tariffs were also a part of trade deal frameworks previously announced for Japan, Vietnam, Indonesia, the Philippines and the United Kingdom. Countries around the world have been watching to see how many trade deals materialize before the deadline, and what can be gleaned from them for their own negotiations with the Trump administration. Christopher Sands, director of Johns Hopkins University's Center for Canadian Studies, said the EU deal builds on Trump's negotiating style — he loses interest, suggests no deal will happen, insults the other side and "then at the 11th hour something comes through." "I know there's been a lot of negativity around a Canada security and economic agreement but it doesn't necessarily mean that we are doomed," Sands said. "It may be that we are close and we have a surprise deal." Trump sent a letter to Carney threatening to impose 35 per cent tariffs if Canada doesn't make a trade deal by Friday. The White House has said those duties would not apply to goods compliant with the Canada-US-Mexico Agreement on trade, better known as CUSMA. Carney and other Canadian officials have been downplaying expectations that a deal will be made by Friday. Most of the goods Canada sends to the US are CUSMA-compliant and won't be affected by the 35 per cent duties. The Canadian economy is still being slammed by Trump's Section 232 tariffs on steel, aluminum and automobiles, and will be hit by copper tariffs the president has said will take effect by the week's end. So far, Trump's trade deals "are really bad omens for Canada," said William Pellerin, a trade lawyer and partner at the firm McMillan LLP. "(It shows) that the tariffs, particularly the sectoral tariffs, are stickier than we would have thought," Pellerin said. "If none of those countries were able to secure a drop in the sectoral tariffs, that is certainly bad news." Those Section 232 duties are a key target for Canadian negotiators and Pellerin said it's unlikely any deal will be struck by Ottawa if they remain at their current levels. While there are similarities between the Canada-US negotiations and those involving Europe, Carney said there are also many differences. While Europe is looking to end its reliance on Russian energy, Carney said Canada is a reliable supplier of energy to the United States. The prime minister said negotiations remain complex but "there is a landing zone that's possible." "But we have to get there," he said. The EU agreement also averts significant retaliatory duties from a major United States customer — meaning that if Canada can't reach a deal with Washington, it would be more isolated if it attempts to retaliate against the US. Canada and China have implemented retaliatory tariffs in response to Trump's trade war but, to allow talks to continue, Ottawa didn't move forward with additional duties. Ontario Premier Doug Ford said Monday he supports a dollar-for-dollar tariff response, particularly to Trump's treatment of Canada's steel and aluminum industry. "I'm confident with Prime Minister Carney, I know he's going to do his very best to get a deal," Ford said. "But I don't trust President Trump." BC Premier David Eby said Canada is in a "different position" than the European Union or Japan, given the deeply integrated nature of North American supply chains. "We are a reliable partner, we are a good partner, but we also won't get kicked around," he said. Sands said Carney's recent move to limit imports of foreign steel into Canada will help shore up the domestic market during the tariff tumult while also avoiding the ire of the Trump administration. The prime minister recognizes you can engage in retaliation, Sands said, but "it doesn't bring you much joy." He said there are other actions, such as import quotas, that would better protect Canadian markets. This report by The Canadian Press was first published July 28, 2025.
National Post
5 hours ago
- National Post
Almonty Appoints Respected U.S.-Based Financial Executive Brian Fox as Chief Financial Officer
Article content Mr. Fox Brings Over 25 Years of U.S.-Based Operational Leadership to Almonty's Global Team Article content TORONTO — Almonty Industries Inc. (' Almonty ' or the ' Company ') (NASDAQ: ALM) (TSX: AII) (ASX: AII) (Frankfurt: ALI1), a leading global producer of tungsten critical to the U.S. defense and technology sectors, today announced the appointment of Brian Fox, CPA as Chief Financial Officer, succeeding Mark Gelmon, CPA,CA, effective August 25, 2025. Article content Mr. Fox most recently served as Chief Financial & Operating Officer at CBIZ Marks Paneth, a top-tier U.S. accounting and advisory firm, where he played a key role in strategic growth initiatives and post-merger integration. His prior experience includes leadership roles at Loureiro Engineering and United Subcontractors, as well as senior audit work at Arthur Andersen. He holds a Master's degree in Management from Harvard University and a Bachelor of Science in Accounting from the University of Connecticut. Article content Mr. Gelmon, who joined Almonty in 2015 through its acquisition of Woulfe Mining Corp. (former owner of the Sangdong Mine Project) and became CFO in 2017, will remain involved with the Company as a financial consultant. The Company thanks Mr. Gelmon for his unwavering dedication and years of service. Article content Lewis Black, Chief Executive Officer of Almonty, commented: 'As Almonty advances its U.S. redomiciling strategy following our successful US$90 million public offering and Nasdaq listing, the appointment of a U.S.-based executive with deep financial and operational acumen was a deliberate and strategic move. Brian brings exactly the type of disciplined execution and institutional-grade financial leadership we need as we scale operations and align with U.S. capital markets. His track record in guiding complex organizations through growth and transformation will prove invaluable. We thank Mark for his years of dedication and are thrilled to welcome Brian to the team.' Article content About Almonty Article content Almonty (NASDAQ: ALM) (TSX: AII) (ASX: AII) (Frankfurt: ALI1) is a leading supplier of conflict-free tungsten – a strategic metal critical to the defense and advanced technology sectors. As geopolitical tensions heighten, tungsten has become essential for armor, munitions, and electronics manufacturing. Almonty's flagship Sangdong Mine in South Korea, historically one of the world's largest and highest-grade tungsten deposits, is expected to supply over 80% of global non-China tungsten production upon reaching full capacity, directly addressing critical supply vulnerabilities highlighted by recent U.S. defense procurement bans and export restrictions by China. With established operations in Portugal and additional projects in Spain, Almonty is strategically aligned to meet rapidly rising demand from Western allies committed to supply-chain security and defense readiness. To learn more, please visit Article content Legal Notice Article content The release, publication, or distribution of this announcement in certain jurisdictions may be restricted by law and therefore persons in such jurisdictions into which this announcement is released, published, or distributed should inform themselves about and observe such restrictions. Article content Neither the TSX nor its Regulation Services Provider (as that term is defined in the policies of the TSX) accepts responsibility for the adequacy or accuracy of this release. Article content Cautionary Note Regarding Forward-Looking Information Article content This news release contains 'forward-looking statements' and 'forward-looking information' within the meaning of applicable securities laws. Article content All statements, other than statements of present or historical facts, are forward-looking statements. Forward-looking statements involve known and unknown risks, uncertainties and assumptions and accordingly, actual results could differ materially from those expressed or implied in such statements. You are hence cautioned not to place undue reliance on forward-looking statements. Forward-looking statements are typically identified by words such as 'plan', 'development', 'growth', 'continued', 'intentions', 'expectations', 'emerging', 'evolving', 'strategy', 'opportunities', 'anticipated', 'trends', 'potential', 'outlook', 'ability', 'additional', 'on track', 'prospects', 'viability', 'estimated', 'reaches', 'enhancing', 'strengthen', 'target', 'believes', 'next steps' or variations of such words and phrases or statements that certain actions, events or results 'may', 'could', 'would', 'might' or 'will' be taken, occur or be achieved. Forward-looking statements in this news release include, but are not limited to, statements concerning the completion of the Offering, the Company's redomiciling initiatives, the Company's position as a leading supplier of tungsten to the U.S. and its allies, the timing of any listing of the Common Shares on the Nasdaq, the continued listing of the Common Shares on the TSX and the ASX and trading on the Frankfurt Stock Exchange, and the use of proceeds of the Offering. Article content Forward-looking statements are based upon certain assumptions and other important factors that, if untrue, could cause actual results to be materially different from future results expressed or implied by such statements. There can be no assurance that forward-looking statements will prove to be accurate. Key assumptions upon which the Company's forward-looking information is based include, without limitation, the absence of market conditions that could adversely impact the Offering or the intended listing of the Common Shares on the Nasdaq; the satisfaction of all listing requirements of the Nasdaq and continued listing requirements of the TSX and ASX; the achievement of any closing conditions to the Offering; and the absence of material adverse changes in the Company's industry or the global economy including interest rates, inflationary pressures, supply chain disruptions, and commodity market volatility. Article content Forward-looking statements are also subject to risks and uncertainties facing the Company's business, including, without limitation, the risks and uncertainties identified in the Registration Statement; risks relating to the Offering not being completed in a timely manner or at all, including due to unfavourable market or other conditions or factors; the possibility that the required approvals for or conditions to the Offering will not be received or satisfied on a timely basis or at all; changes in the anticipated timing for closing the Offering; business disruption during the pendency of or following the Offering; diversion of management time on Offering-related issues; the ability to retain members of Almonty's management team; the impact of the Offering on relationships with customers, suppliers, employees and other business counterparties; risks related to the reaction of customers, shareholders and members of the public to the Offering; and other events that could adversely impact the completion of the Offering, including industry or economic conditions outside of Almonty's control. Any of these risks could have a material adverse effect on the Company's business, financial condition, results of operations and growth prospects. Readers should consider reviewing the detailed risk discussion in the Company's Registration Statement, the most recent Annual Information Form and the amended Management Discussion and Analysis for the three months ended March 31, 2025 filed on SEDAR+, for a fuller understanding of the risks and uncertainties that affect the Company's business and operations. Article content Although Almonty has attempted to identify important factors that could cause actual results, level of activity, performance or achievements to differ materially from those contained in forward-looking statements, there may be other factors that cause results, level of activity, performance or achievements not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate and even if events or results described in the forward-looking statements are realized or substantially realized, there can be no assurance that they will have the expected consequences to, or effects on, Almonty. Accordingly, readers should not place undue reliance on forward-looking statements and are cautioned that actual outcomes may vary. Article content Investors are cautioned against attributing undue certainty to forward-looking statements. Almonty cautions that the foregoing list of material factors is not exhaustive. When relying on Almonty's forward-looking statements and information to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and potential events. Almonty has also assumed that material factors will not cause any forward-looking statements and information to differ materially from actual results or events. However, the list of these factors is not exhaustive and is subject to change and there can be no assurance that such assumptions will reflect the actual outcome of such items or factors. Article content Article content Article content Article content Company Article content Article content Lewis Black Article content Article content Article content (647) 438-9766 Article content Article content info@ Article content Article content
National Post
5 hours ago
- National Post
CIBC Innovation Banking Provides Growth Capital to Ripple Operations
Article content VANCOUVER, British Columbia — CIBC Innovation Banking announced today it is providing growth capital financing to Ripple Operations, the leading Crew Success platform serving the global maritime industry. This financing will support Ripple's ongoing platform modernization and global growth initiatives – including the Company's upcoming Crew Success Summit in October. Article content Ripple Operations has emerged as a modern force in maritime HR and crew management, uniting four legacy businesses under one global platform. Its Crew Success solutions help cruise lines, ferries, and maritime operators manage complex workforce logistics—including scheduling, compliance, and operations—across ship and shore operations. Article content Article content Ripple is evolving its Crew Success Platform into a next-generation crew operations platform built on a scalable, cloud-optimized architecture. Efforts will focus on modernizing the user experience and improving performance, while enabling modular delivery, mobile access, and deeper integration across the maritime workforce lifecycle. Article content 'As Ripple modernizes the technology behind its Crew Success platform, we're proud to support their vision for the future of maritime workforce operations,' said Joe Timlin, Managing Director, CIBC Innovation Banking. 'The team's domain expertise, strong customer base, and ambition to scale globally position them well for continued success.' Article content Today's announcement reinforces CIBC Innovation Banking's continued commitment to working with high-growth technology companies across North America. Article content 'We are thrilled to work with CIBC Innovation Banking as we take this next step in Ripple's evolution,' said Heather Combs, CEO of Ripple Operations. 'This financing fuels our efforts to modernize our platform, grow globally, and bring the maritime community together for our 2025 Crew Success Summit this fall. We're building momentum—and working with CIBC strengthens our trajectory.' Article content About CIBC Innovation Banking Article content CIBC Innovation Banking has 25 years of specialized experience in growth-stage tech and life science companies across North America – a longer track record than most banks. CIBC Innovation Banking now has over $11 billion in funds managed including life sciences, health care, cleantech companies, investors, and entrepreneurs, and has assisted over 700 venture and private equity-backed businesses over the past six and a half years. The bank operates out of 14 global locations in San Francisco, Menlo Park, New York, Toronto, London, Austin, Boston, Chicago, Seattle, Vancouver, Montreal, Atlanta, Reston, and Durham. Connect with us today to start the conversation. About Ripple Operations Ripple Operations has rapidly grown into a key technology partner for cruise lines, ferries, and maritime companies around the globe, delivering mission-critical solutions for crew scheduling, compliance, and performance. Backed by Bleecker Street Group, Ripple combines deep maritime expertise with scalable innovation. Learn more at Article content Article content
