Latest news with #economicspat
CTV News
7 hours ago
- Business
- CTV News
The Daily Chase: Carney and Trump to meet at G7
Here are five things you need to know this morning Carney and Trump to meet at G7: The eyes of the world have turned to Kananaskis, Alberta, as the G7 meeting gets underway. Prime Minister Mark Carney will meet with U.S. President Donald Trump at the summit this morning. The meeting comes weeks into regular calls and text messages between Carney and Trump as they try to resolve an economic spat caused by Trump's various tariffs. Carney is also leading discussions today on safety issues and artificial intelligence, while meeting with leaders from places including Japan, France and Italy. Over the weekend, Carney met with British Prime Minister Keir Starmer, with the two agreeing to establish a new working group to deepen trade ties. BNN Bloomberg will have extensive coverage of the G7 meeting, including live hits with reporters from Bloomberg News and CTV News. Airbus kicks off Paris Air Show: Airbus has kicked off the first day of the big Paris Air Show with two orders from Saudi Arabian customers valued at as much as US$17 billion. The deals give the European planemaker an early lead over Boeing, which scaled back its activity at the event following a recent crash involving one of its jets. As Bloomberg News reports, even before the disaster set back Boeing's plans, Airbus was set to have a strong showing in Paris. A number of Boeing deals were announced during Trump's tour through the Middle East last month, leaving Airbus on the sidelines as the U.S. president played the role of head salesman for his U.S. rival. U.S. Steel deal gets go-ahead: Shares of U.S. Steel traded higher in the premarket after Trump approved its controversial merger with Japan's Nippon Steel. Trump issued an executive order on Friday that allowed U.S. Steel and Nippon to finalize their merger so long as they signed a national security agreement with the U.S. government. U.S. Steel says the national security agreement includes a golden share for the U.S. government, without specifying what powers the government would wield with its share. Trump says that the golden share gives the U.S. president 'total control.' Renault CEO trying on some Gucci: Kering SA shares surged as the owner of the struggling Gucci fashion label prepared to name the chief executive officer of Renault SA as its next CEO in a bid for a turnaround. Luca de Meo will be appointed to the job in the coming days, people familiar with the situation told Bloomberg News. Renault shares slumped as it wasn't immediately clear who will succeed De Meo, who is credited for bringing the company back from tough times. WestJet cybersecurity incident: WestJet continues to manage an ongoing cybersecurity incident that started interrupting access to some of its systems on Friday. The Calgary-based airline says its mobile app was affected with several users having difficulty accessing the platform. The airline says employees and guests should take caution when entering personal information. WestJet says its operations remain safe and unaffected.
Yahoo
12 hours ago
- Business
- Yahoo
In the news today: Carney to meet Trump this morning at G7 in Alberta
Here is a roundup of stories from The Canadian Press designed to bring you up to speed... Carney to meet Trump this morning at G7 in Alberta Prime Minister Mark Carney will meet this morning with U.S. President Donald Trump at the G7 summit in Alberta. It's Trump's first visit to Canada since he started repeatedly saying the country should become an American state, leading Canadians to boo the American anthem at hockey games. Trump stormed out of the last G7 summit that Canada hosted, in 2018, and many will be watching this morning's meeting, scheduled for 9 a.m. local time in Kananaskis, Alta. The meeting comes weeks into regular calls and text messages between Carney and Trump as they try to resolve an economic spat caused by Trump's various tariffs. Carney is also leading discussions today on safety issues and artificial intelligence, while meeting with leaders from places including Japan, France and Italy. Here's what else we're watching... Protesters gather as G7 gets underway in Alberta As world leaders gather at the G7 summit in Kananaskis, Alta., Lesley Boyer has a message. The Calgary grandmother is angry that U.S. President Donald Trump keeps talking about Canada becoming his country's 51st state. Sitting in a wheelchair at Calgary City Hall on Sunday, Boyer held up a sign with an expletive aimed at Trump. Boyer was among several hundred people — including labour, youth, Indigenous, political and environmental activists — protesting before most of the G7 leaders had touched down in the city. Trump arrived late Sunday at the Calgary airport before taking a helicopter to the summit site at Kananaskis in the Rocky Mountains. He was to meet with Prime Minister Mark Carney on Monday morning before the official summit was to begin. Roots CEO sees opportunity in buy Canadian era Rifling through the Roots Corp. product archives on a recent Thursday morning, CEO Meghan Roach is surrounded by the kind of heritage 'most consumer brands would die to have.' In every direction she turns are racks of leather jackets spanning the company's 52 years. Some are replicas of custom pieces gifted to Toronto Raptors players for their 2019 championship win, the cast of Saturday Night Live for its fiftieth anniversary or the Jamaican bobsled team that inspired the 'Cool Runnings' film. Others are even more rare: a forest green jacket stitched with a floral and friendship bracelet motif for pop star Taylor Swift, and one adorned with snazzy sunglasses and piano key pockets that marked Elton John's retirement from touring, the lining of which features 56 years of albums. What they have in common is an origin story that began with the building Roach is standing in — the Roots leather factory in north Toronto. The Canadian operation is a rarity these days, after clothing manufacturing largely migrated overseas in the sixties, when brands wanted to reduce costs and offload repetitive and sometimes time-consuming tasks. N.L. pitches in to end fish-sauce plant stench A coastal Newfoundland town besieged for decades by the fetid stench wafting from an abandoned fish-sauce factory has finally received good news. Steve Ryan, the mayor of St. Mary's, N.L., said he nearly broke down in tears when officials with the Newfoundland and Labrador government told him the province would foot the bill to clean up the festering site. The promise brings residents close to the end of a decades-long ordeal that has kept them indoors on beautiful days, lest the smell get in their hair and clothes. The decaying Atlantic Seafood Sauce Company Ltd. building sits on the shoreline of the town of about 300 people, just steps away from the ocean. It first opened in 1990, bringing about two dozen much-needed jobs to the area, Ryan said. But the owner abandoned it about a decade later, after extended legal battles about food safety complaints. More than 100 oozing vats of fermenting fish remain in the crumbling building. Liquids from the 11,500-litre tanks once ran into the harbour through a broken drain pipe, but the federal fisheries department demanded the run-off system be sealed with concrete, Ryan said. Now the fluids pool in the plant, creating a putrid stew roughly 30 centimetres deep, Ryan said. Drones an everyday challenge in Quebec jails On any given day, drones buzz in the skies above Quebec's detention centres looking to drop tobacco, drugs or cellphones to the inmates below. Statistics from Quebec's public security minister show staff reported 274 drones flying over provincial centres between January and March — or just over three per day. That doesn't include the 10 federally-managed prisons in the province. Corrections spokespeople and a drone expert say the problem is growing, dangerous and hard to stop, despite millions of dollars invested by provincial and federal governments. Stéphane Blackburn, the managing director for Quebec's correctional services, described the threat of airborne contraband as "something we face every day." The provincial figures show 195 of the 247 drones were seen dropping packages. Most of them — 69 per cent — were reported as seized. The province also seized 896 cellphones. This report by The Canadian Press was first published June 16, 2025. The Canadian Press
