Latest news with #CandaceLaing
Yahoo
6 days ago
- Business
- Yahoo
/R E P E A T -- MEDIA ADVISORY - Canada's Labour, Business, and Municipal Leaders Respond to Trump's Tariff Hike/
OTTAWA, ON, June 3, 2025 /CNW/ - On Wednesday, June 4, three of Canada's foremost national leaders representing workers, businesses, and municipalities, will hold a joint press conference in response to U.S. President Donald Trump's decision to double tariffs on Canadian aluminum and steel. This reckless escalation is a direct attack on Canadian workers, businesses, and local economies. The impact threatens to devastate Canada's steel and aluminum industries, shut Canadian producers out of the U.S. market, and jeopardize thousands of good, unionized jobs across the country. Bea Bruske (Canadian Labour Congress), Candace Laing (Canadian Chamber of Commerce), and Carole Saab (Federation of Canadian Municipalities) will outline the urgent need for a coordinated federal response to defend Canadian jobs, businesses, and communities. WHAT: Joint press conference on U.S. tariffs and their impact on Canada WHEN: Wednesday, June 4, 2025, at 1:00 PM ET WHERE: Press Conference Room 135-B, West Block, Parliament Hill WHO: Bea Bruske, President, Canadian Labour Congress (CLC)Candace Laing, President and CEO, Canadian Chamber of Commerce (CCC)Carole Saab, CEO, Federation of Canadian Municipalities (FCM) SOURCE Canadian Labour Congress (CLC) 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
Yahoo
7 days ago
- Business
- Yahoo
MEDIA ADVISORY - Canada's Labour, Business, and Municipal Leaders Respond to Trump's Tariff Hike
OTTAWA, ON, June 3, 2025 /CNW/ - On Wednesday, June 4, three of Canada's foremost national leaders representing workers, businesses, and municipalities, will hold a joint press conference in response to U.S. President Donald Trump's decision to double tariffs on Canadian aluminum and steel. This reckless escalation is a direct attack on Canadian workers, businesses, and local economies. The impact threatens to devastate Canada's steel and aluminum industries, shut Canadian producers out of the U.S. market, and jeopardize thousands of good, unionized jobs across the country. Bea Bruske (Canadian Labour Congress), Candace Laing (Canadian Chamber of Commerce), and Carole Saab (Federation of Canadian Municipalities) will outline the urgent need for a coordinated federal response to defend Canadian jobs, businesses, and communities. WHAT: Joint press conference on U.S. tariffs and their impact on Canada WHEN: Wednesday, June 4, 2025, at 1:00 PM ET WHERE: Press Conference Room 135-B, West Block, Parliament Hill WHO: Bea Bruske, President, Canadian Labour Congress (CLC)Candace Laing, President and CEO, Canadian Chamber of Commerce (CCC)Carole Saab, CEO, Federation of Canadian Municipalities (FCM) SOURCE Canadian Labour Congress (CLC) View original content to download multimedia:
Reuters
16-05-2025
- Business
- Reuters
G7 business leaders urge removal of trade barriers
OTTAWA, May 16 (Reuters) - Business leaders from the Group of Seven advanced economies urged member countries to lift trade restrictions and invest in critical minerals to reduce supply chain vulnerabilities, a communique released on Friday showed. Businesses and trade organizations from the G7 countries congregated in Ottawa to give their recommendations to Canada, the host country, before the G7 Leaders' Summit next month in Kananaskis, Alberta. Canada will also host a meeting of finance ministers and central bank chiefs next week as a precursor to the summit. Decades of established international trade and business relationships have been disrupted by an onslaught of import tariffs from U.S. President Donald Trump. Some countries are hashing out deals with Trump, but economists have warned that a minimum tariff will remain even if they sign trade deals with the U.S., resulting in higher prices, layoffs, lower profits and slower economic growth. "This evolving landscape demands a renewed model of economic cooperation among G7 members and like-minded countries," said Candace Laing, CEO of Canadian Chamber of Commerce and chair of the B7 business leaders' group within the G7. Countries should prioritize building resilient supply chains and bolstering the G7's competitive edge in critical and emerging technologies, she added in the communique. The joint statement recommended five focus areas for G7 leaders, including critical minerals and materials supply and investment, a sector dominated by China. It also called for the dismantling of Trump's trade barriers. "Commit to lifting current extraordinary trade restrictions among G7 members, and to a moratorium on new broad-based tariffs to avoid triggering a cycle of escalatory and retaliatory trade measures," it said. The business leaders urged the G7 leaders to harness artificial intelligence, invest in clean energy and increase global healthcare cooperation.
Bloomberg
01-05-2025
- Business
- Bloomberg
Canadian Chamber CEO: Business confidence has gone "from a chill to a complete freeze"
Candace Laing, Canadian Chamber of Commerce President & CEO says Canadian businesses are holding off on making investment, layoff, and capital decisions due to the uncertainty caused by tariffs. Speaking to Bloomberg TV's Dani Burger she observes that business confidence has shifted "from a chill to a complete freeze" as leaders struggle to forecast and issue guidance. (Source: Bloomberg)
Calgary Herald
30-04-2025
- Automotive
- Calgary Herald
Automakers get some relief on 25% tariffs as Trump signs new executive order
Article content Candace Laing, president and CEO of the Canadian Chamber of Commerce, said the ongoing inconsistency of Trump's tariffs is driving away investment and business in Canada and the U.S. Only an end to tariffs will provide real relief, she said. Article content 'North American autoworkers, plants and investors can't predict how the U.S. administration will wake up and feel on any given morning,' Laing said in a statement. 'Business plans are delayed. Pricing pressure is rising.' Article content Bessent said Trump had meetings with domestic and foreign auto producers before making the changes. Article content General Motors chair and CEO Mary Barra said the company appreciates 'the productive conversations' with the president and his administration and looks forward 'to continuing to work together.' Article content Article content 'We believe the president's leadership is helping level the playing field for companies like GM and allowing us to invest even more in the U.S. economy,' Barra said in an emailed statement. Article content Six of the auto industry's largest lobbying groups sent a letter to the Trump administration last week urging tariff relief and warning of supply chain disruption and higher prices. The letter said 'most auto suppliers are not capitalized for an abrupt tariff induced disruption.' Article content 'Many are already in distress and will face production stoppages, layoffs and bankruptcy,' said the letter, which was signed by the Alliance for Automotive Innovation, which represents every major automaker in the United States except Tesla Inc. Article content Article content The announcement came as Trump was headed Tuesday to Michigan, the heart of America's automobile industry, for a rally to mark his administration's first 100 days. Article content The state is home to the Detroit Three — Ford, General Motors and Chrysler, now part of Stellantis — all of which have been pushing the president against tariffs that are upending the deeply integrated North American automobile industry. Article content Matt Blunt, president of the American Automotive Policy Council, which represents the Big Three, said applying multiple tariffs to the same product was causing significant concerns. Stellantis chairman John Elkann said the company appreciates the tariff relief. Article content 'While we further assess the impact of the tariff policies on our North American operations, we look forward to our continued collaboration with the U.S. administration to strengthen a competitive American auto industry and stimulate exports,' Elkann said in an emailed statement.
