Latest News Updates From Brian Platt

Prime Minister Mark Carney unveiled a C$9 billion partnership with Ontario to support the province’s tariff-battered steel and auto industries.

Designating the pipeline effectively deems it approved and shifts the regulatory process toward setting conditions around its construction. 

Canada’s need to expand trade with Europe and Asia is a driving force behind a major new package of regulatory and permitting reforms.

Stellantis signed a memorandum with a Canadian armored vehicle manufacturer that outlines steps toward the sale of an idled car factory near Toronto.

Other new items facing a 50% levy include certain glass containers, printed pictures and plaster tiles from the U.S.

President Trump is happy with Canada’s arrangement to allow a capped number of Chinese EVs to be imported at a low tariff rate, Prime Minister Mark Carney said.

The remarks come as the U.S. and Mexico begin formal talks on potential changes to the continental trade pact known as USMCA.

Pressure on the U.S. economy is building, and Canada can likely get the best outcome in trade negotiations by waiting, according to a former Canadian negotiator.

Prime Minister Mark Carney’s government will lower the tariff-rate quota level for steel imports from countries with which Canada doesn’t have a trade agreement to 20% from 50%.

U.S. tariffs on steel, aluminum, autos and lumber — all major export industries for Canada — remain in place.