Politics! Carney's 'delete laws' bill, G7 wraps
In this politics roundup, we first check in with the CBC's Aaron Wherry in the Alberta Rockies about the main takeaways from the G7 summit, which wrapped without Donald Trump after he left to deal with the escalating Israel-Iran conflict.
Then, we speak to Toronto Star national columnist Althia Raj about C-5, an omnibus bill which is moving through parliament at breakneck speed. The bill's intent is to speed up approval for resource projects, but it's been panned by critics as dangerous and undemocratic.
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Globe and Mail
30 minutes ago
- Globe and Mail
Potential U.S.-Canada deal offers hope but inflation could rise if tariffs remain, says Macklem
The Bank of Canada Governor Tiff Macklem said on Wednesday that the prospect of a new Canada-U.S. trade deal offers hope that tariffs will be removed, but cautioned that inflation could rise if tariffs stayed in place. U.S. President Donald Trump and Canada's Prime Minister Mark Carney this week agreed to reach a trade deal between the two countries in 30 days that could possibly resolve a trade conflict triggered by U.S. tariffs and the subsequent Canadian counter duties. 'Restoring open trade between our countries is critical to jobs and growth in Canada,' said Macklem in a speech in the Atlantic province of Newfoundland and Labrador. 'It is also important for prices and inflation,' he said, calling the understanding between the two leaders as 'very welcome news.' Carney vague on aims of 30-day time frame for U.S. talks Trump has hit Canada with a barrage of tariffs on steel, aluminum and automobiles and Canada has retaliated with its own set of duties. The dispute between the two countries has hurt Canada's exports, and taken a toll on hiring and investment. 'If tariffs are not removed, we expect they will be passed through to higher consumer prices,' Macklem said in his speech. He said it was important for any deal between the two countries to roll back tariffs, given Canada's dependence on the U.S. market, which consumes three-fourth of its total exports. 'But until we have a deal, inflation will be affected by both U.S. tariffs and Canadian counter-tariffs,' Macklem said. Canada's annual inflation rate eased to 1.7 per cent in April due to removal of some tax measures, but closely tracked core measures of inflation rose above the central bank's target range of 1 per cent to 3 per cent. The Bank of Canada has also raised concerns that underlying inflation has been rising faster than expected and there was a chance that tariffs could keep prices higher for longer, its summary of deliberations from the bank's last monetary policy meeting showed. If the current tariffs and counter-tariffs remain in place, past experience suggests pass-through of about 75 per cent of the costs of tariffs over roughly 18 months, Macklem said. He warned that while the Canadian economy has avoided mass layoffs so far, if tariffs and uncertainty continue, households and businesses will likely remain cautious and at some point more businesses will cut jobs.
Toronto Sun
31 minutes ago
- Toronto Sun
Carney heads to Europe on Sunday for NATO, Canada-EU summits
Published Jun 18, 2025 • 1 minute read Prime Minister Mark Carney attends the G7 Leaders' Summit in Kananaskis, Alta., Tuesday, June 17, 2025. Photo by Suzanne Plunkett / Pool / Getty Images OTTAWA — Prime Minister Mark Carney will travel to Europe on Sunday to attend a pair of summits on NATO and Canada-EU relations. The Prime Minister's Office confirmed the travel plans today, after Carney wrapped up the G7 leaders' summit in Alberta. Carney will head to Brussels on Sunday to meet with European leaders. The Prime Minister's Office says the leaders will work to 'deepen the Canada-EU relationship across all sectors,' including trade and defence. Carney will then head to The Hague in the Netherlands for the NATO summit. The Prime Minister's Office says Carney will engage with allies at the summit to 'meet evolving threats in a more dangerous and divided world.' This advertisement has not loaded yet, but your article continues below. THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY Subscribe now to read the latest news in your city and across Canada. Unlimited online access to articles from across Canada with one account. Get exclusive access to the Toronto Sun ePaper, an electronic replica of the print edition that you can share, download and comment on. Enjoy insights and behind-the-scenes analysis from our award-winning journalists. Support local journalists and the next generation of journalists. Daily puzzles including the New York Times Crossword. SUBSCRIBE TO UNLOCK MORE ARTICLES Subscribe now to read the latest news in your city and across Canada. Unlimited online access to articles from across Canada with one account. Get exclusive access to the Toronto Sun ePaper, an electronic replica of the print edition that you can share, download and comment on. Enjoy insights and behind-the-scenes analysis from our award-winning journalists. Support local journalists and the next generation of journalists. Daily puzzles including the New York Times Crossword. REGISTER / SIGN IN TO UNLOCK MORE ARTICLES Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account. Share your thoughts and join the conversation in the comments. Enjoy additional articles per month. Get email updates from your favourite authors. THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK. Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account Share your thoughts and join the conversation in the comments Enjoy additional articles per month Get email updates from your favourite authors Don't have an account? Create Account NHL Columnists Editorial Cartoons Toronto Maple Leafs Sunshine Girls
Winnipeg Free Press
39 minutes ago
- Winnipeg Free Press
CP NewsAlert: PM Carney travelling to Europe Sunday for NATO, Canada-EU summits
OTTAWA – Prime Minister Mark Carney will travel to Europe Sunday to attend a pair of summits on NATO and Canada-EU relations. The Prime Minister's Office confirmed the trip plans today, after Carney wrapped up the G7 leaders' summit he hosted in Alberta. More coming.
