Latest news with #PeteHoekstra
CTV News
a day ago
- Business
- CTV News
U.S. Ambassador hopeful Canada and U.S. will reach new trade deal
U.S. Ambassador Pete Hoekstra joins Jeff Keele to talk about cross-border relations, tariffs, and his visit to Winnipeg. U.S. Ambassador Pete Hoekstra joins Jeff Keele to talk about cross-border relations, tariffs, and his visit to Winnipeg. The United States of America's Ambassador to Canada is hopeful the two countries will have a new trade deal in the coming days. 'You've got at least 48 hours and maybe up to 72 hours,' U.S. Ambassador to Canada Pete Hoekstra said Tuesday in an interview on CTV Morning Live Winnipeg. 'But a lot of things happen at the close of a negotiation. Hopefully there's a good level of cooperation between the participants, and they get there.' The U.S. and Canada are currently negotiating a trade deal. If one is not reached by Aug. 1, President Donald Trump has vowed 35 per cent tariffs on Canadian products will kick in. Hoekstra said if a deal is reached, tariffs of some sort should be expected, noting the goal for the United States is to move more manufacturing jobs to the United States. 'The President came into office and had a number of challenges that he wanted to fix,' he said. 'He told us what they were. He wanted to fix our economic crisis. He wanted to fix our border crisis. He wanted the West to be strong militarily, and slowly, he's knocking each of those out and revitalizing the American economy. Passed a tax bill that we think will do that. That's good for us, and I think what's good for the U.S. is good for Canada. Just like if Canada's prospering, there are spillover effects into the United States when we're both doing well.' Hoekstra was in Winnipeg Tuesday to speak with the Winnipeg Chamber of Commerce, sharing his belief that Canada and the U.S. will end up with a strong partnership when a deal is reached. 'We do better when we do those kinds of things together; there are more opportunities for us to collaborate and grow this relationship, and it makes us stronger because of what's going to happen on a global basis,' he said. 'Americans still love Canada' Hoekstra was also asked about recent comments made at a news conference in Washington state last week. During the conference, he spoke about the decisions made by some Canadians to not travel to the United States while Trump is on office, and some provinces choosing to remove American alcohol from store shelves. 'Canadians staying home—that's their business, you know. I don't like it, but if that's what they want to do, it's fine. They want to ban American alcohol. That's fine,' he said on July 21. 'There are reasons why the president and some of his team referred to Canada as being mean and nasty to deal with, OK, because of some of those steps.' Speaking Wednesday, Hoekstra said he understood the feelings Canadians have, but he didn't notice the same feelings in the United States. 'Americans still love Canada. We're coming here. We're spending American dollars in Canada because we view Canada as a friendly country,' he said. 'We both have warts. Okay, you don't like the 51st state. Guess what? We didn't like it that you didn't pay for NATO for years. But that didn't stop us from coming to Canada or evaluating Canadian products based on their merit and their value.' -With files from CTV's Jeff Keele and The Canadian Press
Business Recorder
a day ago
- Business
- Business Recorder
TSX hits new record high after Bank of Canada's rate decision
Canada's main stock index slightly moved past a record high on Wednesday after the Bank of Canada's rate decision, while investors looked for potential trade updates as the August 1 tariff deadline drew closer. The S&P/TSX composite index was up 0.05% at 27,554.54 points. The BoC, as expected, held its key policy rate at 2.75% for the third time in a row, saying the risk of a severe and escalating global trade war had diminished. The U.S. Federal Reserve's rate decision, due later in the day, will also be in focus. The deadline for Canada to reach a trade deal with the U.S. to avoid facing a 35% tariff on its goods imported to the south of the border is set for August 1. U.S. ambassador to Canada Pete Hoekstra said on Tuesday he hoped the trade deal would be reached 'very soon'. 'It seems that the August 1 deadline is movable in Canada's sake, if need be…it's been moved once and could be moved again', said Douglas Porter, chief economist at BMO Capital Markets. Porter said President Donald Trump appears eager to tie up loose ends by the end of the week, adding, 'We may hear some news…investors will be a little bit more cautious than usual, with all those potential uncertainties'. Meanwhile, two days of U.S.-China talks ended with both sides agreeing to seek an extension of their tariff truce, set to expire on August 12. U.S. officials said it would be up to Trump to approve the plan. On the TSX, technology stocks rose 1% ahead of earnings reports from Wall Street's tech heavyweights, due after the bell. Celestica continued gains from previous session with a 5.8% rise. Energy subindex fell slightly as oil prices steadied. Among individual stocks, Parex Resources rose 4.3% after reporting second-quarter results. Data showed that the U.S. economic growth rebounded more than expected in the second quarter.
Yahoo
2 days ago
- Business
- Yahoo
TSX futures edge higher ahead of Bank of Canada's rate decision
(Reuters) -Futures tied to Canada's main stock index nudged higher on Wednesday ahead of the Bank of Canada's policy decision, while investors awaited trade updates as the August 1 tariff deadline drew closer. Futures on the S&P/TSX index were up 0.2% at 1,639.80 points by 06:05 a.m. ET (1005 GMT). The benchmark index rose to a record high on Tuesday. The BoC is expected to hold the rates at 2.75% for a third time, reflecting a softer-than-expected impact on the Canadian economy from the trade war with the U.S., economists predict. The U.S. Federal Reserve's rate decision, due later on Wednesday, will also be in focus. The deadline for Canada to reach a trade deal with the U.S. to avoid facing a 35% tariff on its goods imported to the south of the border is set for August 1. U.S. ambassador to Canada Pete Hoekstra said on Tuesday he hoped the trade deal would be reached "very soon". Meanwhile, two days of U.S.-China talks ended with both sides agreeing to seek an extension of their tariff truce, set to expire August 12. U.S. officials said it would be up to President Donald Trump to approve the plan. In commodities, gold prices inched up, while oil and copper prices edged lower on Wednesday. FOR CANADIAN MARKETS NEWS, CLICK ON CODES: TSX market report [.TO] Canadian dollar and bonds report [CAD/] [CA/] Reuters global stocks poll for Canada Canadian markets directory 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
Reuters
2 days ago
- Business
- Reuters
TSX hits record high as Celestica jumps, commodity prices rise
July 29 (Reuters) - Canada's main stock index rose to a new record high on Tuesday, led by gains for resource and technology shares as investor exuberance continued to underpin the market ahead of a Bank of Canada policy decision and other key events this week. The S&P/TSX composite index (.GSPTSE), opens new tab ended up 134.46 points, or 0.5%, at 27,539.88, eclipsing Friday's record closing high. "Optimism still seems to be pervading the market but we're entering the most interesting part of the week," said Michael Sprung, president at Sprung Investment Management. The Federal Reserve and the Bank of Canada are due to make policy decisions on Wednesday, while a deadline for Canada to reach a trade deal with the U.S., or face a 35% tariff on its goods, is set for Friday. The BoC is likely to keep its benchmark rate unchanged at 2.75% for the third straight meeting, economists and market analysts predict, as firm core inflation and robust job growth offset trade uncertainty. U.S. ambassador to Canada Pete Hoekstra said he hoped a trade deal between Canada and the U.S. would be reached "very soon." "I think the market has risen on euphoria and I don't know what it will take to break that euphoria, but I think at some point people are going to have to look hard at valuations and decide what intrinsic value really is and that could cause some setback going forward," Sprung said. Technology (.SPTTTK), opens new tab rose 2.2%, with shares of Celestica ( opens new tab climbing 16.9% after the electronics firm reported stronger-than-expected second-quarter results. Real estate (.GSPTTRE), opens new tab was up 1.7% as bond yields fell. The Canadian 10-year yield eased 4.5 basis points to 3.484%. The materials group (.GSPTTMT), opens new tab, which includes metal mining shares, added 1.2% as the price of gold rose. Energy (.SPTTEN), opens new tab also ended higher, rising 1%, as the price of oil settled up 3.8% at $69.21 a barrel. [O/R] Air Canada ( opens new tab was a drag, with its shares tumbling 12.3% after the company reported lower second-quarter profit.
Edmonton Journal
23-07-2025
- Health
- Edmonton Journal
ICE goes public with a new report on Canadian man who died in custody
Article content The report released today highlighted health concerns that the officials flagged before he died. Here's what we know about the timeline since his arrest: Article content May 15: Noviello was arrested and detained. Article content May 16: The 49-year-old underwent a routine health inspection. A registered nurse completed the medical intake screening and noted the diagnosis of 'hypertension and seizure disorder, slightly elevated blood pressure, high body mass index, and his reported medication list and sent a provider referral' for him. He was prescribed medication. Article content May 19: A behavioural health provider recommended 'a medical provider evaluate him then refer him to mental health if needed.' Article content May 30: As per the documentation, the Canadian man is said to have refused a health history and a physical exam. Article content June 8: He was reported to be feeling sad and depressed and is said to have refused a health evaluation at a medical clinic. Article content Article content June 9: Noviello reportedly maintained poor personal hygiene and stated he had not eaten in 'a while.' Documentation revealed his vitals to be normal, and that there was discussion with him around the importance of self-hygiene and proper diet. Article content June 23: Noviello was found unresponsive and declared dead. Article content The report by ICE comes as prominent politicians noted the death of the Canadian, and with U.S. ambassador Pete Hoekstra confirming faith in ICE 'commitment to transparency'. Article content 'My team is following the death of a Canadian citizen while in @ICEgov custody. We will keep the Canadian government informed as ICE completes its investigation,' Hoekstra had posted online a few days after Noviello's death. 'I trust in ICE's commitment to transparency and to providing a safe environment for all individuals in its care.' Article content My team is following the death of a Canadian citizen while in @ICEgov custody. We will keep the Canadian government informed as ICE completes its investigation. I trust in ICE's commitment to transparency and to providing a safe environment for all individuals in its care. — Ambassador Pete Hoekstra (@USAmbCanada) June 27, 2025 Article content Article content
