AGP Executive Report
Last update: 3 hours agoCanada-U.S. Tariff War: Prime Minister Mark Carney walked away from last-minute trade talks, saying U.S. changes were “unfair” and “uneconomic,” and the U.S. then moved ahead with 50% tariffs on about $20B (up to $28B in some lists) of Canadian goods, effective early Saturday. Retaliation Plan: Canada vows “dollar-for-dollar” counter-tariffs starting the Tuesday after Labour Day, targeting sectors including steel, dairy, appliances, agricultural equipment, pulp and paper, and electronics, with Carney also warning the U.S. is trying to limit Canada’s critical-minerals access. Energy Leverage: Carney stressed Canada’s role as a key energy supplier to the U.S.—notably natural gas, electricity, and crude oil—arguing the gap between “partner and competitor” is now too large. Regional Solidarity: Maritime premiers backed Ottawa’s hard line, with Nova Scotia calling for more self-reliance and faster development of energy and natural resources. Auto Sector Watch: Unifor reached tentative GM pacts covering about 4,600 Canadian workers, pending ratification—coming as trade uncertainty ramps up.
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