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In today's edition:
→ DOMINIC LEBLANC is working the phones.
→ MARK CARNEY and others beg to differ with criticism over First Nations.
→ The House gears up to gear down.
Trade war
COUNTERMOVES — Canada-U.S. Trade Minister DOMINIC LEBLANC will hold a virtual meeting today with United States Trade Representative JAMIESON GREER.
On the agenda: Working the deal.
'The fact that there's now a deadline set by the two leaders, I think, has focused the conversation,' he said Thursday, standing next to Prime Minister MARK CARNEY at a press conference on Parliament Hill.
— Vibe check: LeBlanc said he's optimistic negotiations will advance toward a new security and economic deal.
— Brace for impact: That was Carney's message Thursday when he announced that Canada is prepared to levy additional counter-tariffs on U.S. aluminum and steel imports — but not before July 21 — after the 30-day deadline has come and gone.
— Cold steel welcome: After scrapping a Thursday presser, CATHERINE COBDEN, president of the Canadian Steel Producers Association, and MARTY WARREN, the Canada director of United Steelworkers union, issued a joint statement panning Carney's announcement. 'We will continue to review the details of the measures and work constructively with the federal government to get a plan that works for Canadian steel producers and the thousands of workers that make up our sector,' they said.
— Working the phones: Carney said he'll speak with provincial and territorial premiers today 'to discuss this response and our broader coordination.' That conversation is scheduled for noon.
The PM also said he 'frequently' communicates with President DONALD TRUMP.
— Paging Premier Ford: When the PM returned to Ottawa from the G7 in Kananaskis, one of the first people he called was DOUG FORD.
The Ontario premier had been urging Carney to limit how much steel can be imported into Canada from non-free trade agreement countries, a source familiar with the discussions told Playbook. Playbook granted anonymity to the individual as they weren't authorized to discuss internal matters.
The PM and the premier also remain in regular contact. And Ford continues urge Carney to retaliate against the U.S. after it doubled tariffs on steel and aluminum imports to 50 percent earlier this month. Canada has 25 percent counter-tariffs in place on U.S. metals.
'If the president doesn't come to the table, I'll give [Carney] my full support on full-out tariffs of 50 percent on steel,' Ford told reporters in Toronto on Thursday.
— After Trump's hike: Ford texted U.S. Commerce Secretary HOWARD LUTNICK: 'I thought no surprises.' The message got Lutnick's attention, though details of their exchange were not disclosed to Playbook.
Ontario does not have a formal role in negotiations, but Ford keeps in contact with Lutnick when White House decisions touch on Ontario workers and businesses.
— Wait, negotiate, react: Canada is so far holding off. Ultimately countermeasures will depend on what Canada and the U.S. achieve in negotiations.
'We'll continue these negotiations, of course, in good faith,' Carney said. 'In parallel, we must reinforce our strength at home and safeguard Canadian workers and businesses from the unjust U.S. tariffs that exist at present.'
— First step, not a final fix: Industry Minister MÉLANIE JOLY later turned up on CBC's 'Power & Politics' with DAVID COCHRANE to reassure anxious workers. 'The most important thing is, ultimately, people having a job and their family being able to, you know — like we say in French — put butter and bread on the table,' she said. 'That's why this is a first response to the steel-aluminum crisis.'
WHO'S UP, WHO'S DOWN
Up: 'The bro-thing.' TONDA MACCHARLES notes in the Star that the PM has yet to invite many women into his top inner governing circle. 'Does it matter? Time will tell.'
Down: The G7 — or is that 6?
DRIVING THE DAY
BBQ READY — The House is expected to rise today.
— But first: The government must pass Bill C-5, controversial legislation that the Liberals promise will use 'nation-building projects' to transform Canada into an economic powerhouse.
Lawmakers must sit until the bill passes the House. MPs need to vote on the amendments made to the bill during Thursday's marathon transport committee meeting. Then the bill is expected to pass its third reading — the final stage, which sends the bill to the Senate.
— Easy peasy: It shouldn't take too long.
The Liberal minority government has forged an unlikely bond with the Conservative caucus to push this major legislation through the House by Canada Day — a promise Carney made on the campaign trail.
The Tories even supported Liberal efforts to expedite Bill C-5. If all goes as expected today, it will have taken just 14 days for the bill to be introduced and passed by the House of Commons.
— Meanwhile in the Senate: The Red Chamber is prepared to sit until June 27 in order to get the bill passed by July 1. We'll be there.
THE ROOMS THAT MATTER
— 12 p.m. The PM will host a virtual First Ministers' Meeting.
— 2 p.m. Canada's Taxpayers' Ombudsperson FRANÇOIS BOILEAU will release his 2024–2025 annual report, containing two recommendations to improve the Canada Revenue Agency.
ON THE HILL
BILL C-5 BACKLASH — The PM is pushing back at critics who say his big bill on building energy projects fast — the one speeding through Parliament — is railroading First Nations.
At his Thursday presser, Carney dismissed warnings that a speedy passage of Bill C-5 will ignite a summer of discontent across Canada.
Former Liberal Justice Minister JODY WILSON-RAYBOULD is among those urging First Nations to draw a 'line in the sand.'
Carney said Section 35 of the Canadian Constitution, is reflected in the bill, and guarantees 'free, prior and informed consent' and 'full consultations with Indigenous peoples to define what is a nation-building project.' He said the bill would ensure full economic participation by Indigenous groups.
— Other voices: STEVE MACKINNON, the Liberal Government House Leader, said C5 would ensure the full participation of Indigenous groups, many of which fully support the bill and the economic benefits new projects will bring to their communities.
'What I don't hear in the questioning is those Indigenous communities in this country, Indigenous Nations that wish to participate economically — whether in equity stakes or with job creation in these major national projects,' MacKinnon said Thursday. 'They exist all over the country and they deserve to have their voices heard.'
— Case in point: The First Nations Major Projects Coalition includes more than 170 Indigenous groups with an equity stake in 18 projects valued at C$45 billion. When the bill was introduced June 6, the group issued a statement emphasizing the continued imperative for First Nations to be 'true partners at every step of the process' in national interest projects.
Chief SHARLEEN GALE of the Fort Nelson First Nation and the chair of the FNMPC's board of directors said in a June 6 statement that she understands the need to move fast. 'History has shown us that speed without partnership leads to delay — not progress. This legislation could be a turning point if it is designed and administered in true partnership with First Nations.'
— Over here: Playbook asked FNMPC to speak with Gale, but we haven't heard back. We're still interested, so contact us here.
— About time: HEATHER EXNER-PIROT, the director of Macdonald-Laurier Institute's energy and resources program, told MPs on Wednesday night that although the bill is not perfect, it is long overdue. She said it is 'refreshing' that the Liberals and Conservatives have banded together to support it.
'For 10 years, much of the resource sector in this country has been in fight-or-flight mode, but the past few weeks, I've been hearing optimism and bullishness from Prairie premiers and energy CEOs,' she said. 'They believe this government actually intends to build some infrastructure and position Canada to be an energy superpower.'
Want more POLITICO? Download our mobile app to save stories, get notifications on U.S.-Canada relations, and more. In iOS or Android .
MORNING MUST-CLICKS
— 'The Carney-Sabia combo will be felt profoundly and fast,' KATHRYN MAY writes in The Functionary. She adds: 'A senior shuffle is expected any day, and departments are already being asked to map out spending-cut scenarios for a looming expenditure review.'
— Foreign Affairs Minister ANITA ANAND spoke with CP's DYLAN ROBERTSON ahead of next week's trip to Europe, which includes the NATO summit.
— From CATHERINE LÉVESQUE at the National Post: Doug Ford apologizes to Ontario First Nations for his 'passionate' comments.
— From the Star's NICHOLAS KEUNG: Carney government clarifies Canadian border bill's asylum changes as critics call for complete withdrawal.
— ALEX BOUTILIER of Global News writes on JAGMEET SINGH's life under RCMP protection.
— And the Globe's CHRIS HANNAY reports: 23andMe probe highlights Privacy Commissioner's lack of powers compared to U.K counterpart.
PLAYBOOKERS
Birthdays: HBD to PHILIP LAWRENCE and to public affairs pro ROMEO TELLO.
On Sunday: Former MPs WAYNE EASTER and BEV SHIPLEY.
Spotted: Former PMs JEAN CHRÉTIEN and STEPHEN HARPER having a convivial lunch at the Rideau Club.
And in QP, MARK CARNEY, accidentally calling the speaker 'Mr. Prime Minister.'
Noted: Finance Minister FRANÇOIS-PHILIPPE CHAMPAGNE said Thursday that Canada is 'going ahead' with the digital services tax.
Canada's competition watchdog is advising Ottawa that Canadians want more competition in a domestic airline industry dominated by Air Canada and WestJet. The Competition Bureau shared 10 recommendations to the government — including one that would allow more foreign investment in Canadian airlines.
Lobby watch: Grain Growers of Canada met Thursday with Conservative MP KYLE SEEBACK. They also met with Secretary of State of Rural Development BUCKLEY BELANGER. … LEAH YOUNG of National Marine Manufacturers Association Canada met with Conservative MP TONY BALDINELLI, 'to advocate for tariff remissions on recreational marine products impacted by cross-border duties.'
Send Playbookers tips to canadaplaybook@politico.com
PROZONE
For Pro subscribers, our latest policy newsletter from MIKE BLANCHFIELD and SUE ALLAN: Carney puts Trump on notice.
In other Pro headlines:
— How Trump's cuts could weaken wildfire prevention.
— Chamber memo forecasts 'meaningfully higher' Trump tariffs.
— Canada to adjust US metal tariffs on July 21.
— Trump to open over 80 percent of Alaskan reserve to oil leasing.
— GOP frustrated but unwilling to act on Trump's TikTok extension.
Trivia
Thursday's answer: ANDRÉE CHAMPAGNE.
Props to SEAN SUNDERLAND, LISA HALEY, MALCOLM MCKAY, SHEILA GERVAIS, JOHN PEPPER, ROBERT MCDOUGALL, FELIX BERNIER, JUSTIN DE BEAUCAMP, NANCI WAUGH, ELIZABETH BURN, HUGUES THEORET, STEVEN HOGUE, SCOTT MCCORD, RAY DEL BIANCO, LYNE FORTIN-MARCOTTE, SEAN P. WEBSTER, PATRICK ST-JACQUES and MARCEL MARCOTTE.
Friday's question: Who signed the proclamation requesting that Canadians celebrate July 1? Hint: It happened on this date in history.
Answer to canadaplaybook@politico.com
Writing Monday's Playbook: MIKE BLANCHFIELD
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Yahoo
31 minutes ago
- Yahoo
TELUS ANNOUNCES CASH TENDER OFFERS FOR TWO SERIES OF DEBT SECURITIES
VANCOUVER, B.C., June 20, 2025 /CNW/ - TELUS Corporation (the "Company") announced today the commencement of separate offers (the "Offers") to purchase for cash any and all of the two series of outstanding notes of the series listed in the table below (collectively, the "Notes"), up to a maximum of US$750,000,000 aggregate principal amount of Notes. Subject to the Maximum Purchase Condition (as defined below) and the Financing Condition (as defined below), the series of Notes that are purchased in the Offers will be based on the Acceptance Priority Level (as defined below) set forth in the table below. If a given series of Notes is accepted for purchase pursuant to the Offers, all Notes of that series that are validly tendered will be accepted for purchase. No series of Notes will be subject to proration pursuant to the Offers. The Offers are made upon the terms and subject to the conditions set forth in the Offer to Purchase dated June 20, 2025 relating to the Notes (the "Offer to Purchase") and the notice of guaranteed delivery attached as Appendix A thereto (the "Notice of Guaranteed Delivery" and, together with the Offer to Purchase, the "Tender Offer Documents"). Capitalized terms used but not defined in this news release have the meanings given to them in the Offer to Purchase. AcceptancePriorityLevel(1) Title of Notes Principal AmountOutstanding(in millions) CUSIP /ISIN Nos(2) Reference Security(3) BloombergReferencePage(3) Fixed Spread(Basis Points)(3) 1 4.600%Notes dueNovember 16, 2048 US$750 87971M BH5 /US87971MBH51 5.000% U.S. Treasury due May 15, 2045 FIT1 +110 2 4.300% Notes due June 15, 2049 US$500 87971M BK8/US87971MBK80 4.625% U.S. Treasury due February 15, 2055 FIT1 +115 (1) Subject to the satisfaction or waiver by the Company of the conditions of the Offers described in the Offer toPurchase, if the Maximum Purchase Condition is not satisfied with respect to all series of Notes, the Companywill accept Notes for purchase in the order of their respective Acceptance Priority Level specified in the tableabove (each, an "Acceptance Priority Level," with 1 being the highest Acceptance Priority Level and 2 beingthe lowest Acceptance Priority Level). It is possible that a series of Notes with a particular Acceptance PriorityLevel will not be accepted for purchase even if a series with a higher or lower Acceptance Priority Level isaccepted for purchase. (2) No representation is made by the Company as to the correctness or accuracy of the CUSIP numbers or ISINslisted in this news release or printed on the Notes. They are provided solely for convenience. (3) The total consideration for each series of Notes (such consideration, the "Total Consideration") payable per each US$1,000 principal amount of such series of Notes validly tendered for purchase will be based on theapplicable fixed spread specified in the table above for such series of Notes, plus the applicable yield based onthe bid-side price of the applicable U.S. Treasury reference security as specified in the table above, as quoted onthe applicable Bloomberg Reference Page as of 2:00 p.m. (Eastern time) on June 27, 2025, unless extended withrespect to the applicable Offer (such date and time with respect to an Offer, as the same may be extended withrespect to such Offer, the "Price Determination Date"). The Total Consideration does not include the applicableAccrued Coupon Payment (as defined below), which will be payable in cash in addition to the applicable Total Consideration. The Offers will expire at 5:00 p.m. (Eastern time) on June 27, 2025, unless extended or earlier terminated (such date and time with respect to an Offer, as the same may be extended with respect to such Offer, the "Expiration Date"). Notes may be validly withdrawn at any time at or prior to 5:00 p.m. (Eastern time) on June 27, 2025, unless extended with respect to any Offer. For Holders who deliver a Notice of Guaranteed Delivery and all other required documentation at or prior to the Expiration Date, upon the terms and subject to the conditions set forth in the Tender Offer Documents, the deadline to validly tender Notes using the Guaranteed Delivery Procedures (as defined in the Offer to Purchase) will be the second business day after the Expiration Date and is expected to be 5:00 p.m. (Eastern time) on July 1, 2025, unless extended with respect to any Offer (the "Guaranteed Delivery Date"). Provided that the Financing Condition has been satisfied or waived by the Settlement Date (as defined below) and all other conditions to the Offers have been satisfied or waived by the Company by the Expiration Date, settlement for all Notes validly tendered and not validly withdrawn prior to the Expiration Date or pursuant to a Notice of Guaranteed Delivery will be four business days after the Expiration Date and two business days after the Guaranteed Delivery Date, respectively, which is expected to be July 3, 2025, unless extended with respect to any Offer (the "Settlement Date"). Upon the terms and subject to the conditions set forth in the Offer to Purchase, Holders whose Notes are accepted for purchase in the Offers will receive the applicable Total Consideration for each US$1,000 principal amount of such Notes in cash on the Settlement Date. Promptly after 2:00 p.m. (Eastern time) on June 27, 2025, the Price Determination Date, unless extended with respect to any Offer, the Company will issue a press release specifying, among other things, the Total Consideration for each series of Notes validly tendered and accepted. In addition to the applicable Total Consideration, Holders whose Notes are accepted for purchase will receive a cash payment equal to the accrued and unpaid interest on such Notes from and including the immediately preceding interest payment date for such Notes to, but excluding, the Settlement Date (the "Accrued Coupon Payment"). Interest will cease to accrue on the Settlement Date for all Notes accepted in the Offers. Under no circumstances will any interest be payable because of any delay in the transmission of funds to Holders by The Depository Trust Company ("DTC") or its participants. The Company's obligation to complete an Offer with respect to a particular series of Notes validly tendered is conditioned on the satisfaction of conditions described in the Offer to Purchase, including that the aggregate principal amount purchased in the Offers (the "Aggregate Purchase Amount") not exceed US$750,000,000 (the "Maximum Purchase Amount"), on the Maximum Purchase Amount being sufficient to include the aggregate principal amount of all validly tendered and not validly withdrawn Notes of such series (after accounting for all validly tendered Notes that have a higher Acceptance Priority Level) (the "Maximum Purchase Condition") and on the Company having raised by the Settlement Date net proceeds through one or more issuances of debt in the public or private capital markets, on terms reasonably satisfactory to the Company, sufficient to purchase all Notes validly tendered (and not validly withdrawn) up to the Maximum Purchase Amount and accepted for purchase by the Company in the Offers and to pay Accrued Interest and all fees and expenses in connection with the Offers (the "Financing Condition"). The Company reserves the right, but is under no obligation, to increase or waive the Maximum Purchase Amount, in its sole discretion subject to applicable law, with or without extending the Withdrawal Date. No assurance can be given that the Company will increase or waive the Maximum Purchase Amount. If Holders tender more Notes in the Offers than they expect to be accepted for purchase based on the Maximum Purchase Amount and the Company subsequently accepts more than such Holders expected of such Notes tendered as a result of an increase of the Maximum Purchase Amount, such Holders may not be able to withdraw any of their previously tendered Notes. Accordingly, Holders should not tender any Notes that they do not wish to be accepted for purchase. If the Maximum Purchase Condition is not satisfied with respect to each series of Notes, for (i) a series of Notes (the "First Non-Covered Notes") for which the Maximum Purchase Amount is less than the sum of * the Aggregate Purchase Amount for all validly tendered First Non-Covered Notes and (y) the Aggregate Purchase Amount for all validly tendered Notes of all series having a higher Acceptance Priority Level than the First Non-Covered Notes, and (ii) all series of Notes with an Acceptance Priority Level lower than the First Non-Covered Notes (together with the First Non-Covered Notes, the "Non-Covered Notes"), the Company may, at any time on or prior to the Expiration Date: terminate an Offer with respect to one or more series of Non-Covered Notes for which the Maximum Purchase Condition has not been satisfied, and promptly return all validly tendered Notes of such series, and any other series of Non-Covered Notes, to the respective tendering Holders; or waive the Maximum Purchase Condition with respect to one or more series of Non-Covered Notes and accept all Notes of such series, and of any series of Notes having a higher Acceptance Priority Level, validly tendered; or if there is any series of Non-Covered Notes with a lower Acceptance Priority Level than the First Non-Covered Notes for which: the Aggregate Purchase Amount necessary to purchase all validly tendered Notes of such series, plus the Aggregate Purchase Amount necessary to purchase all validly tendered Notes of all series having a higher Acceptance Priority Level than such series of Notes, other than any series of Non-Covered Notes that has or have not also been accepted as contemplated by this clause (3), is equal to, or less than, the Maximum Purchase Amount, accept all validly tendered Notes of all such series having a lower Acceptance Priority Level, until there is no series of Notes with a higher or lower Acceptance Priority Level to be considered for purchase for which the conditions set forth above are met. It is possible that a series of Notes with a particular Acceptance Priority Level will fail to meet the conditions set forth above and therefore will not be accepted for purchase even if a series with a higher or lower Acceptance Priority Level is accepted for purchase. For purposes of determining whether the Maximum Purchase Condition is satisfied, the Company will assume that all Notes tendered pursuant to the Guaranteed Delivery Procedures will be duly delivered at or prior to the Guaranteed Delivery Date and the Company will not subsequently adjust the acceptance of the Notes in accordance with the Acceptance Priority Levels if any such Notes are not so delivered. The Company reserves the right, subject to applicable law, to waive the Maximum Purchase Condition with respect to any Offer. The Offers are subject to the satisfaction of these and certain other conditions as described in the Offer to Purchase. The Company reserves the right, subject to applicable law, to waive any and all conditions to any Offer. If any of the conditions is not satisfied, the Company is not obligated to accept for payment, purchase or pay for, and may delay the acceptance for payment of, any tendered notes, in each event subject to applicable laws, and may terminate or alter any or all of the Offers. The Offers are not conditioned on the tender of any aggregate minimum principal amount of Notes of any series (subject to minimum denomination requirements as set forth in the Offer to Purchase). The Company has retained J.P. Morgan Securities LLC, RBC Capital Markets, LLC and Wells Fargo Securities, LLC to act as lead dealer managers (the "Dealer Managers") for the Offers. Questions regarding the terms and conditions for the Offers should be directed to J.P. Morgan Securities LLC at +1 (866) 834-4666 (toll-free) or +1 (212) 834-3046 (collect), RBC Capital Markets, LLC at +1 (877) 381-2099 (toll-free) or +1 (212) 618-7843 (collect) or Wells Fargo Securities, LLC at +1 (866) 309-6316 (toll-free) or +1 (704) 410-4235 (collect). Global Bondholder Services Corporation is acting as the Information and Tender Agent for the Offers. Questions or requests for assistance related to the Offers or for additional copies of the Offer to Purchase may be directed to Global Bondholder Services Corporation in New York by telephone at +1 (212) 430-3774 (for banks and brokers only) or +1 (855) 654-2015 (for all others toll-free), or by email at contact@ You may also contact your broker, dealer, commercial bank, trust company or other nominee for assistance concerning the Offers. The Tender Offer Documents can be accessed at the following link: If the Company terminates any Offer with respect to one or more series of Notes, it will give prompt notice to the Information and Tender Agent, and all Notes tendered pursuant to such terminated Offer will be returned promptly to the tendering Holders thereof. With effect from such termination, any Notes blocked in DTC will be released. Holders are advised to check with any bank, securities broker or other intermediary through which they hold Notes as to when such intermediary would need to receive instructions from a beneficial owner in order for that Holder to be able to participate in, or withdraw their instruction to participate in the Offers before the deadlines specified herein and in the Offer to Purchase. The deadlines set by any such intermediary and DTC for the submission and withdrawal of tender instructions will also be earlier than the relevant deadlines specified herein and in the Offer to Purchase. This news release is for informational purposes only. This news release is not an offer to purchase or a solicitation of an offer to sell any Notes or any other securities, and is not an offer to sell or the solicitation of an offer to buy any securities, of the Company or any of its subsidiaries. The Offers are being made solely pursuant to the Offer to Purchase. The Offers are not being made to Holders of Notes in any jurisdiction in which the making or acceptance thereof would not be in compliance with the securities, "blue sky" or other laws of such jurisdiction. In any jurisdiction in which the securities or "blue sky" laws require the Offers to be made by a licensed broker or dealer, the Offers will be deemed to have been made on behalf of the Company by the Dealer Managers or one or more registered brokers or dealers that are licensed under the laws of such jurisdiction. No action has been or will be taken in any jurisdiction that would permit the possession, circulation or distribution of either this news release, the Offer to Purchase or any material relating to us or the Notes in any jurisdiction where action for that purpose is required. Accordingly, neither this news release, the Offer to Purchase nor any other offering material or advertisements in connection with the Offers may be distributed or published, in or from any such country or jurisdiction, except in compliance with any applicable rules or regulations of any such country or jurisdiction. Forward-looking Statements This news release contains statements about future events, including statements regarding the terms and timing for completion of the Offers, including the acceptance for purchase of any Notes validly tendered and the expected Expiration Date and Settlement Date thereof; and the satisfaction or waiver of certain conditions of the Offers. By their nature, forward-looking statements require us to make assumptions and predictions and are subject to inherent risks and uncertainties including risks associated with capital and debt markets. There is significant risk that the forward-looking statements will not prove to be accurate. Forward-looking statements are provided herein for the purpose of giving information about the proposed Offers. Readers are cautioned that such information may not be appropriate for other purposes. The Company's obligation to complete an Offer with respect to a particular series of Notes validly tendered is conditioned on the satisfaction of conditions described in the Offer to Purchase, including the Maximum Purchase Condition and the Financing Condition. Accordingly, there can be no assurance that repurchases of Notes under the Offers will occur at all or at the expected time indicated in this news release. Readers are cautioned not to place undue reliance on forward-looking statements as a number of factors could cause actual future performance and events to differ materially from those described in the forward-looking statements. Accordingly, this news release is subject to the disclaimer and the qualifications and risk factors as set out in our 2024 annual management's discussion and analysis and in our first quarter 2025 management's discussion and analysis and in other TELUS public disclosure documents and filings with securities commissions in Canada (on SEDAR+ at and in the United States (on EDGAR at The forward-looking statements contained in this news release describe our expectations at the date of this news release and, accordingly, are subject to change after such date. Except as required by law or the Tender Offer Documents, TELUS disclaims any intention or obligation to update or revise forward-looking statements. About TELUS TELUS (TSX: T, NYSE: TU) is a world-leading communications technology company operating in more than 45 countries and generating over C$20 billion in annual revenue with more than 20 million customer connections through our advanced suite of broadband services for consumers, businesses and the public sector. We are committed to leveraging our technology to enable remarkable human outcomes. TELUS is passionate about putting our customers and communities first, leading the way globally in client service excellence and social capitalism. Our TELUS Health business is enhancing more than 150 million lives across 200 countries and territories through innovative preventive medicine and well-being technologies. Our TELUS Agriculture & Consumer Goods business utilizes digital technologies and data insights to optimize the connection between producers and consumers. Guided by our enduring 'give where we live' philosophy, TELUS, our team members and retirees have contributed C$1.8 billion in cash, in-kind contributions, time and programs including 2.4 million days of service since 2000, earning us the distinction of the world's most giving company. For more information, visit or follow @TELUSNews on X and @Darren_Entwistle on Instagram. Investor RelationsRobert Mitchellir@ Media RelationsSteve View original content to download multimedia: SOURCE TELUS Corporation View original content to download multimedia: Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data


Business Wire
32 minutes ago
- Business Wire
Primaris REIT Publishes Inaugural Green Finance Framework
TORONTO--(BUSINESS WIRE)--Primaris Real Estate Investment Trust ("Primaris") (TSX: announced today that it has published its inaugural Green Finance Framework (the 'Framework'), under which it may issue green bonds, green loans or other related financial instruments. The framework outlines eight eligible categories for investment: green buildings, energy efficiency, renewable energy, sustainable water and wastewater management, clean transportation, climate change adaptation, pollution prevention and control, and the circular economy. "As a Board member and Chair of the Compensation, Governance, and Nominating Committee, I'm pleased to support the introduction of our Green Finance Framework,' said Anne Fitzgerald, Trustee. 'It's a practical step that aligns with our broader sustainability strategy and helps ensure we're investing in projects that support environmental progress in a thoughtful, responsible way." Rags Davloor, Chief Financial Officer added, "Today marks a significant step forward in our commitment to sustainability. With the publication of our Green Finance Framework, we are aligning our environmental goals and targets with business strategy. Proceeds from green financing will support our focus on emissions reduction, building certifications, energy and water management, and tenant sustainability impacts, while creating long-term value for our stakeholders." The Framework has been reviewed by Moody's Ratings, which issued a Second Party Opinion confirming the Framework's alignment to the International Capital Market Association Green Bond Principles (2021) and the Loan Market Association Green Loan Principles (2025). Primaris will report annually on the allocation and impact of financed projects under the Framework on its website, and/or in its corporate reporting. The Framework and Second Party Opinion are available on the ESG section of the Primaris website. Advisor Scotiabank acted as sole sustainability structuring agent on the Framework. About Primaris Real Estate Investment Trust Primaris is Canada's only enclosed shopping centre focused REIT, with ownership interests in leading enclosed shopping centres located in growing Canadian markets. The current portfolio totals 15.0 million square feet, valued at approximately $4.9 billion at Primaris' share. Economies of scale are achieved through its fully internal, vertically integrated, full-service national management platform. Primaris is very well-capitalized and is exceptionally well positioned to take advantage of market opportunities at an extraordinary moment in the evolution of the Canadian retail property landscape. Forward-Looking Statements Certain statements included in this news release constitute "forward-looking information" or "forward-looking statements" within the meaning of applicable securities laws. The words "will", "expects", "plans", "estimates", "intends" and similar expressions are often intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Specific forward-looking statements made or implied in this news release include but are not limited to statements regarding: Primaris' intention and ability to complete an offering of green bonds, green loans or other related financial instruments, Primaris' expected investment in the eligible categories outlined herein and the expected sufficiency of proceeds from any such offering to fund these investments and to create long-term value for stakeholders. Forward-looking statements are provided for the purpose of presenting information about management's current expectations and plans relating to the future and readers are cautioned that such statements may not be appropriate for other purposes. These statements are not guarantees of future performance and are based on estimates and assumptions that are inherently subject to risks and uncertainties. Primaris cautions that although it is believed that the assumptions are reasonable in the circumstances, actual results, performance or achievements of Primaris may differ materially from the expectations set out in the forward-looking statements. Material risk factors and assumptions include those set out in Primaris' management's discussion and analysis for the three months and years ended December 31, 2024 and 2023, which is available on SEDAR+, and in Primaris' other materials filed with the Canadian securities regulatory authorities from time to time. Given these risks, undue reliance should not be placed on these forward-looking statements, which apply only as of their dates. Other than as specifically required by law, Primaris undertakes no obligation to update any forward-looking statements to reflect new information, subsequent or otherwise. For more information:
Yahoo
36 minutes ago
- Yahoo
Posthaste: Canadians don't want Canada Post sold or privatized despite red ink and strikes, poll finds
Despite all the ongoing labour strife that has rocked Canada Post, many Canadians are opposed to selling or privatizing the struggling service, and a majority of them support an annual $20-per-person subsidy to protect universal delivery, according to a new poll by the Angus Reid Institute. The poll of about 4,000 adults conducted from June 2 to June 8 said 59 per cent opposed selling Canada Post while 29 per cent favoured selling it. The margin narrowed when it came to privatization, with 47 per cent against the idea and 38 per cent for it, though that only related to certain parts of the crown corporation. Nearly two-thirds said it was 'important' that Canada Post remain a public entity. To that end, 61 per cent said they would be willing to pay $20 per year to support Canada Post's mandate to provide universal service, which calls for cross-country mail delivery five days a week. 'Canadians do treasure their postal service, but at the same time, they are open to big changes,' Shachi Kurl, president of the Angus Reid Institute, said. Canada Post has been mired in financial and labour troubles for the past few years. The federal labour minister on June 12 ordered the 55,000 Canada Post employees represented by the Canadian Union of Postal Worker to vote on the latest contract offer from the crown corporation after management and the union could not resolve their issues following 18 months of bargaining. The vote will be held by the Canada Industrial Relations Board, though a date has yet to be set. That decision came following a country-wide strike that started in November and only ended in mid-December when Ottawa intervened. There were also rotating strikes in 2018. On top of that, the crown corporation is bleeding money, having lost $841 million before taxes in 2024, according to its most recent financial report. The last time it turned a profit was in 2017. While a majority of Canadians want Canada Post to stick around, they also think changes are in order. For example, 72 per cent said they would favour cutting back mail service to three days a week, while just over half said that 'gig workers' should be used to help deliver mail and parcels 'if it improves cost and service quality,' and 72 per cent said Canada Post should offer other services, including banking and parcel lockers. A report commissioned by the government following the end of the 2024 strike recommended eliminating daily door-to-door delivery, but maintaining delivery to businesses. A physical mail service may seem antiquated in the digital age, but the poll also uncovered unexpected support among certain age groups. During last year's strike, older Canadians were the focus because they weren't receiving their pension payments and bills via the mail. However, Angus Reid said 57 per cent of people aged 18 to 35 feel Canada Post is important to them compared with 44 per cent of those aged 55 and up. 'The younger generation is really the generation that depends more now on Canada Post than, say, millennials or gen-Xers or baby boomers just because of the frequency of online shopping and the way that we're going in that direction,' Kurl said. Other findings included that 66 per cent said they don't support cutting the pay and benefits of unionized postal workers, despite support for using non-union workers. The urban/rural divide on the importance of Canada Post stood out, too, with 55 per cent of rural Canadians saying the service matters to them and they receive mail regularly compared with 45 per cent of urbanites. Nationally, a bit less than half of Canadians said Canada Post is important to them and receive mail regularly. On Thursday, Canada Post announced it had reached a deal with the union representing more than 8,500 employees primarily responsible for managing post offices in rural Canada. to get Posthaste delivered straight to your Parliamentary Budget Officer estimates the federal deficit will hit $46 billion in the 2024-2025 fiscal year because of better-than-expected revenues. Article content The PBO expects the deficit to be $4.3 billion lower than its estimate in its election-costing report and $2.3 billion lower than what was estimated in the fall economic statement, according to its updated economic and fiscal monitor report released Thursday. — Jordan Gowling, Financial Post Read the full story here. Today's Data: U.S. Philadelphia Fed Index, Canada retail sales for April, industrial product and raw materials price index Earnings: Carmax Inc. 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