Tag: Mark Carney

U.S. President Donald Trump threatened Monday to impose 50-per-cent tariffs on Canadian vehicles and auto parts, then attacked Prime Minister Mark Carney and Ontario Premier Doug Ford as the Conservative opposition demanded details of failed trade negotiations.

Prime Minister Mark Carney said Canada was under economic attack Saturday after trade negotiations collapsed, new U.S. tariffs took effect and he suggested divisions inside U.S. President Donald Trump’s administration contributed to the breakdown.

Canada suspended trade negotiations with the United States and pledged dollar-for-dollar retaliation as additional 50-per-cent U.S. tariffs took effect early Saturday on about $28 billion in Canadian goods.

Environmental groups and coastal First Nations say a major economic agreement announced this week between British Columbia and the federal government protects the North Coast tanker ban, but leaves new concerns about a possible southern oil pipeline route.

Alberta’s proposed new oil pipeline would be built along a southern route to the B.C. coast through a partnership with Trans Mountain Corporation and Pembina Pipeline Corporation.

Canada and British Columbia announced a broad agreement that would preserve the oil tanker moratorium on the north coast and ensure B.C. would see economic benefits if Alberta’s proposed pipeline project goes forward.

Alberta’s push for a pipeline through northern B.C. is threatening to cause friction, even as leaders presented a united front after the First Ministers’ meeting.

Formal central banker Mark Carney is set to become the next Prime Minister of Canada after the Liberal Party selected him to be their next leader.