Mark Carney calls emergency meeting of first ministers in Muskoka
Prime Minister Mark Carney is convening an emergency first ministers' meeting in Huntsville before the start of the annual premiers' confab on July 22.
That surprise announcement Friday followed Trump's latest escalation of his tariff threats targeting Canada.
It comes only weeks after
Carney held an FMM in Saskatoon last month
to discuss trade challenges and other national priorities.
Ontario's Progressive Conservative Premier Doug Ford,
a close ally of the recently elected Liberal prime minister,
got the ball in motion for the meeting.
'In the face of President Trump's latest threat, we need to come together,' Ford said on social media.
'We need a plan on how Canada will respond and how we'll protect our workers, businesses and communities,' the premier said.
'I've asked and Prime Minister Carney has agreed to an in-person First Ministers' Meeting on Tuesday, July 22 in Huntsville ahead of the Council of the Federation meeting with Canada's premiers,' he said.
'Together, we're going to remain united as we protect Ontario and protect Canada.'
Ford, chair of the premiers' council, is hosting their COF summer meeting in Muskoka.
Carney and the premiers are hoping the Trump chaos will force Ottawa and the provinces to co-operate more in pushing infrastructure projects and more diversified trade.
That includes ridding the country of interprovincial trade barriers. So far Ford has inked deals with every province except Quebec, British Columbia and Newfoundland and Labrador to remove internal barriers to trade.
'We are building Canada strong,' said Carney.
'The federal government, provinces and territories are making significant progress in building one Canadian economy,' added the prime minister.
'We are poised to build a series of major new projects in the national interest. We are strengthening our trading partnerships throughout the world.'
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
New York Post
25 minutes ago
- New York Post
Trump repeats claim Kimmel, Fallon are ‘next' after Stephen Colbert cancellation
President Donald Trump doubled down on Wednesday that late-night hosts Jimmy Fallon and Jimmy Kimmel would be 'next' to be canceled during a press conference. During the presser, Real America's Voice reporter Brian Glenn asked about reports that radio host Howard Stern may part ways with Sirius XM after his contract expires this fall. Advertisement With that in mind, Glenn asked if the 'hate Trump' entertainment model was losing popularity with Americans. Trump cited CBS' recent cancellation of 'The Late Show with Stephen Colbert' as an example and added that he believes Fallon and Kimmel are next. 'Well, it hasn't worked,' Trump said. 'And it hasn't worked, really, for a long time, and I would say pretty much from the beginning. Colbert has no talent. I mean, I could take anybody here. I could go outside in the beautiful streets and pick a couple of people that do just as well or better. They'd get higher ratings than he did. He's got no talent.' He continued, 'Fallon has no talent. Kimmel has no talent. They're next. They're going to be going. I hear they're going to be going. I don't know, but I would imagine because they'd get—you know, Colbert has better ratings than Kimmel or Fallon.' Advertisement 4 President Trump suggested Jimmy Fallon and Jimmy Kimmel's late-night shows are 'next' to be canceled. AP 4 CBS announced 'The Late Show with Stephen Colbert' will end in May 2026. AP Trump made a similar declaration on Truth Social after Colbert's show was canceled last month. 'The word is, and it's a strong word at that, Jimmy Kimmel is NEXT to go in the untalented Late Night Sweepstakes and, shortly thereafter, Fallon will be gone,' Trump wrote. Advertisement He continued, 'These are people with absolutely NO TALENT, who were paid Millions of Dollars for, in all cases, destroying what used to be GREAT Television. It's really good to see them go, and I hope I played a major part in it!' 4 'Jimmy Kimmel is NEXT to go in the untalented Late Night Sweepstakes,' President Trump wrote on Truth Social. AP 4 President Trump predicted that 'The Tonight Show with Jimmy Fallon' would be dropped by NBC. Rosalind O'Connor/NBC via Getty Images Advertisement Although some liberal commentators claimed CBS canceled Colbert's show for political reasons to appease Trump, Paramount—CBS' parent company—insisted it was 'purely a financial decision.' Regarding Stern, Trump remarked how he used to 'have fun' when he appeared on his show. He went on to say that Stern went downhill after endorsing Hillary Clinton for president in 2016. 'He lost his audience. People said give me a break. He went down when he endorsed Hillary Clinton,' Trump said.
The Hill
25 minutes ago
- The Hill
The Latest: Trump's tariffs go into effect
The U.S. began officially levying higher taxes on imports from dozens of countries Thursday, four months after President Donald Trump first announced plans to impose tariffs on most of the world while seeking new trade agreements across the board. The White House said that starting just after midnight goods from more than 60 countries and the European Union would face tariff rates of 10% or higher. Products from the European Union, Japan and South Korea will be taxed at 15%, while imports from Taiwan, Vietnam and Bangladesh will be taxed at 20%. Trump also expects places such as the EU, Japan and South Korea to invest hundreds of billions of dollars in the U.S. The Trump White House is confident that the onset of his broad tariffs will provide clarity about the path of the world's largest economy. Now that companies understand the direction the U.S. is headed, the administration believes they can ramp up new investments and jump-start hiring in ways that can rebalance the U.S. economy as a manufacturing power. But so far, economic data has shown a U.S. economy that began flagging after Trump's initial rollout of tariffs in April. Here's the latest: Tariffs to affect more than half of Indian exports to the U.S. A top body of Indian exporters said Thursday the latest U.S. tariffs will impact nearly 55% of the country's outbound shipments to America and force exporters to lose their long-standing clients. 'Absorbing this sudden cost escalation is simply not viable. Margins are already thin,' S.C. Ralhan, president of the Federation of Indian Export Organisations, said in a statement. The tariffs effectively impose a cost burden, placing Indian exporters at a competitive disadvantage with countries that have lesser import taxes, he added. In 2024, the U.S. ran a $45.8 billion trade deficit in goods with India, meaning America imported more from India than it exported, according to the U.S. Census Bureau. American consumers and businesses buy pharmaceutical drugs, precious stones, and textiles and apparel from India, among other goods. Modi vows to defend farmers' interests Prime Minister Narendra Modi on Thursday said India will never compromise the interests of farmers. 'For us, the interests of farmers are a top priority. I know I will have to personally pay a heavy price for it, but I am ready,' Modi said at a conference in what was seen as a message to the U.S. administration, which has been seeking greater access to India's agriculture and dairy sectors. India and the U.S. have had five rounds of negotiations on a bilateral trade agreement, but haven't been able to clinch one so far. On Wednesday, Trump signed an executive order to place an additional 25% tariff on India for its purchases of Russian oil. The order would go into effect in 21 days and bring the combined tariffs imposed on India to 50%. Sony profits are up Japanese entertainment and electronics company Sony said Thursday its profit surged 23% in the last quarter from the year before, as damage from U.S. President Donald Trump's tariffs was less than it had expected. Sony raised its forecast for its profit in the full fiscal year until March 2026 to 970 billion yen ($6.6 billion), from an earlier forecast of 930 billion yen ($6.3 billion). The revised projection is still lower than what it earned in the previous fiscal year at 1 trillion yen. Sony now estimates the impact of the additional U.S. tariffs on its operating income at 70 billion yen ($476 million), much better than the initial estimate of 100 billion yen ($680 million).
The Hill
25 minutes ago
- The Hill
Asian shares mostly climb after a rally for Apple led Wall Street higher
MANILA, Philippines (AP) — Asian shares mostly advanced and financial markets appeared to show scant if any reaction to higher tariffs on exports to the United States that took effect early Thursday. Japan's benchmark Nikkei 225 added 0.6% to 41,025.76. Hong Kong's Hang Seng climbed 0.6% to 25,057.84 and the Shanghai Composite added 0.1% to 3,637.96. China reported that its exports picked up in July, helped by a flurry of shipments by businesses taking advantage of a pause in U.S. President Donald Trump's tariff war with Beijing. South Korea's Kospi rose 0.6% to 3,217.67 while the S&P/ASX 200 in Australia shed 0.2% to 8,828.70. India's Sensex gave up 0.6% after Trump ordered tariffs on imports from the world's most populous nation to rise to 50%, citing its crude oil imports from Russia. Trump also declared 100% tariffs on computer chips with an exemption for U.S. investments. Apple's shares rose 5.1% on Wednesday ahead of a White House event where it announced an increase to its U.S. investments of an additional $100 billion over the next four years. Mizuho Bank, in a commentary, said the Trump's exemption from 100% tariffs on semiconductors for those with investments in U.S. production means trade partners may be able to use investments as a bargaining chip. Taiwan's Taiex jumped 2.4% as shares in market heavyweight Taiwan Semiconductor Manufacturing Corp. surged 4.9%. TSMC is the world's largest contract maker of computer chips and it has been ramping up its investments in U.S. factory capacity, helping to alleviate the impact from higher tariffs. South Korean chipmakers also saw strong gains, with Samsung Electronics jumping 2.1% after the government said its products would also be subject to the exemption. On Wednesday, a rally for Apple led Wall Street higher, with U.S. stocks reclaiming more of their sharp losses from last week. The S&P 500 rose 0.7% to 6,345.06. The Dow Jones Industrial Average added 0.2% to 44,193.12, and the Nasdaq composite climbed 1.2% to 21,169.42. Apple alone accounted for more than a third of the S&P 500's gain. Trading elsewhere on Wall Street was mixed following a jumble of profit reports. McDonald's and Shopify rose following their latest updates, while Super Micro Computer tumbled after its earnings and revenue came in below analysts' expectations. The Walt Disney Co. fell after its earnings beat forecasts but its revenue fell short Worries are still high that Trump's tariffs may be hurting the economy, but hopes for coming cuts to interest rates by the Federal Reserve and a parade of stronger-than-expected profit reports from U.S. companies have helped steady the market. In other dealings early Thursday, benchmark U.S. crude climbed 44 cents to $64.79 a barrel. Brent crude, the international standard, added 42 cents to $67.31 a barrel. The U.S. dollar slipped to 147.33 Japanese yen from 147.36 yen. The euro cost $1.1670, up from $1.1661.
