Trump increases tariff on some Canadian goods to 35 per cent
U.S. President Trump says he is open to discuss trade deal with Prime Minister Mark Carney. Rachel Aiello reports.
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Toronto Sun
21 minutes ago
- Toronto Sun
Authorities investigating ex-Trump prosecutor Jack Smith for alleged illegal political activity
Published Aug 02, 2025 • 1 minute read Special counsel Jack Smith speaks to the media about an indictment of former President Donald Trump, Aug. 1, 2023, at an office of the Department of Justice in Washington. Photo by J. Scott Applewhite / THE ASSOCIATED PRESS BRIDGEWATER, N.J. — Federal officials have opened an investigation into Jack Smith, the former special counsel who investigated then-candidate Donald Trump before his reelection to a second term. 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 The Office of Special Counsel, an independent federal agency, on Saturday confirmed the investigation after reporting by other news organizations. Smith was named special counsel to investigate Trump in by then-Attorney General Merrick Garland in November 2022. Trump and his Republican allies, including Sen. Tom Cotton, have — without offering evidence of wrongdoing_ accused Smith of violating the Hatch Act, a federal law that bans certain public officials from engaging in political activity. Smith prosecuted two federal cases against Republican candidate Trump in the lead-up to the November 2024 presidential election. Smith ultimately dropped the cases — neither one had gone to trial — after Trump was reelected, which would have shielded him from prosecution according to longstanding Justice Department practice. Smith then subsequently resigned as special counsel. Cotton, R-Ark., on Wednesday asked the Office of Special Counsel to investigate Smith, alleging that his conduct was designed to help then-President Joe Biden and his vice president, Kamala Harris, both Democrats. Biden had dropped his own bid for reelection following his disastrous performance in a campaign debate against Trump and tapped Harris to succeed him on the ticket. Trump won the election. The New York Post was first to report on the investigation into Smith. Toronto Blue Jays Toronto & GTA Columnists Toronto & GTA Canada
Globe and Mail
21 minutes ago
- Globe and Mail
Trump raises tariffs on Canadian goods, BoC keeps rate steady and Telus' new network deal: Business and investing stories for the week of Aug. 3
Getting caught up on a week that got away? Here's your weekly digest of The Globe's most essential business and investing stories, with insights and analysis from the pros, stock tips, portfolio strategies and more. U.S. President Donald Trump signed an executive order Thursday evening increasing tariffs on some Canadian goods. The order, effective at midnight on Aug. 1, raises the tariffs that Mr. Trump imposed on Canadian goods in March to 35 per cent from 25 per cent — it does not, however, apply to products that meet the rules outlined in the United States-Mexico-Canada free trade agreement, known as USMCA. Prime Minister Mark Carney, in a statement early Friday morning, said the Canadian government is disappointed by Mr. Trump's actions but remains committed to the free-trade agreement. The Prime Minister disputed Mr. Trump's justification for the 35-per-cent tariff – namely that Canada is a significant source of the deadly opioid fentanyl smuggled into the United States. While the Canadian economy has mostly avoided the impact of the tariffs because the USMCA carve-out, certain industries — such as steel and aluminium, cars, and copper — will be hit harder by the changes. The Bank of Canada held its policy interest rate at 2.75 per cent for the third consecutive time as U.S. trade policy continues to muddy the economic outlook. The central bank is operating amid massive levels of uncertainty created by U.S. President Donald Trump's barrage of tariffs and attempt to rewrite the rules of global trade. Governor Tiff Macklem said there was a 'clear consensus' to hold the rate steady, but suggested the door remained open to additional rate cuts if needed, Mark Rendell reports. The bank also held off again on publishing a central forecast in its quarterly Monetary Policy Report. Instead, it detailed three potential paths for the Canadian economy that depend on the trajectory of U.S. tariffs, ranging from a mild downturn to an extended recession. Even before Mr. Trump's tariff threads, the vibrancy of Canada's business sector was already weak, but the trade war has only deepened the rut. Statistics Canada reported this week that the number of active businesses was effectively flat in April on a month-over-month basis, increasing by just 0.1 per cent. Sectors that are dependent on U.S. demand, such as mining, oil and gas extraction, experienced a sharper decline in the number of active businesses from the start of last year than other sectors, and the gap has widened since Mr. Trump returned to the White House. Statscan noted this decline began before that, and suggested other factors could be at play. Jason Kirby takes a closer look at the numbers in this week's Decoder series. After a months-long search for buyers, Telus Corp. T-T has entered a definitive agreement with the Caisse de dépôt et placement du Québec to sell a minority stake in its nationwide cellphone tower network for $1.26-billion. The Caisse, Canada's second-largest pension fund, will acquire a 49.9-per-cent stake in the infrastructure asset, which is being spun out as a new company called Terrion. The business is worth $2.5-billion, including Telus's 50.1-per-cent equity interest. Telus had $25-billion in long-term debt as of March, and intends to use all proceeds from the sale to pay some of it down. Drumeo is the brainchild of Jared Falk, an Abbotsford-born music teacher, performer and entrepreneur who first started giving drum lessons by video in the pre-streaming era of the early 2000s. Now Mr. Falk's company – Musora Media Inc. – boasts more than 100,000 paid subscribers, with offerings for piano, vocals and guitar as well. Armed with a roster of drumming legends — including Chad Smith of the Red Hot Chili Peppers, Stewart Copeland of The Police, the internet sensation known as El Estepario Siberiano, and The Rolling Stones veteran session man Steve Jordan — Drumeo appears all over the internet with viral clips of musicians showing off their signature grooves and testing themselves on unfamiliar tunes. Jeffrey Jones spoke with Mr. Falk about how he built his music lesson empire, and how Drumeo sets itself apart from the competition. Get the rest of the questions from the weekly business and investing news quiz here, and prepare for the week ahead with The Globe's investing calendar.
CTV News
21 minutes ago
- CTV News
Bill 89 faces constitutional challenge from McGill law professors, unions
Daycare workers take part in a demonstration on the first day of a strike in Montreal, Thursday, January 23, 2025. (Graham Hughes / The Canadian Press) A group of McGill University law professors has joined a legal challenge to Bill 89, which expands the powers of Quebec's labour minister to intervene in strikes. The Association of McGill Professors of Law and three other unions argue that the law is unconstitutional and are petitioning the court to declare it invalid. The unions say the law 'significantly' restricts the right to strike by broadening the definition of what is an essential service and allows Labour Minister Jean Boulet to unilaterally end any strike. 'This legislation directly threatens our fundamental rights and our collective bargaining power,' the association said in a press release. Boulet, who introduced the law adopted in May, has defended it by saying Quebec has far more strikes than any other province. The legislation has faced widespread criticism from several of the province's largest unions.
