China's BYD is actively studying the Canadian market for a potential auto factory, a top executive tells Bloomberg. But BYD is less interested in the Carney's government plan that it be a joint venture with Canadian firms. “I don’t think a JV will work" www.bloomberg.com/news/article...
(Bloomberg) -- The Canadian economy lost the most jobs in more than four years last month, driving the unemployment rate up to 6.7%.
(Bloomberg) -- Canada’s trade deficit widened in January as exports of motor vehicles and parts fell to the lowest level in more than four years.
www.bloomberg.com/news/article...
"Among the issues that will be investigated are taxes on digital services and alleged currency manipulation"
NEW: The Canadian government has asked oil companies to release some of their reserves to support the International Energy Agency’s plan to inject 400 million barrels of stockpiled oil into the market. www.bloomberg.com/news/article... My latest for @bloomberg.com
Canadian Prime Minister Mark Carney is closing in on a majority in Parliament after a fourth lawmaker defected to his ruling Liberal Party.
Mark Carney’s Liberals just got another floor-crosser, this time from the NDP: Nunavut MP Lori Idlout. Liberals now only need to win 2/3 byelections on April 13 to get majority.
(Bloomberg) -- Oil spiked above $100 a barrel as more major producers curbed production due to the war in Iran, with President Donald Trump threatening to deepen the conflict that’s upended global energy markets.
“There’s a distinction between the offensive actions that were taken, and are being taken, by the United States and Israel…We’re not party to those actions. But we will always defend Canadians. We will always stand by and defend our allies when called upon.” www.bloomberg.com/news/article...
Speaking in Australia, Carney said he would “never categorically rule out” Canadian military involvement in defending allies from Iran, but added it’s distinct from offensive actions being taken by the US/Israel. “We will always stand by and defend our allies when called upon”
Carney: “The question for middle powers like us is whether we establish the conventions and write the
new rules that will determine our security and prosperity, or let the hegemons increasingly
dictate outcomes.”
Mark Carney is giving an address to Australia’s parliament in which he calls for the two countries to shape middle-power coalitions: “In a world of great power rivalry, middle powers have a choice: compete for favour or combine
for strength.”
Carney said his support for US action in Iran came “with regret” because the conflict is another example of the failure of the rules-based order — and he added it appears to violate international law
www.bloomberg.com/news/article... @brianplatt.bsky.social @twseal.bsky.social @bloomberg.com
Carney cont’d: “Canada calls for a rapid de-escalation of hostilities and is prepared to assist in achieving this goal. Resolution of this crisis requires commitment to a broader political
solution.”
Carney says international efforts were unable to get Iran to drop its nuclear threat, “and now the United States and Israel have acted without engaging the United Nations or consulting with allies, including Canada.”
Carney cont’d: “ Because Canada is actively taking on the world as it is, not passively waiting for a world we wish to be. We take this position with regret, because the current conflict is another example of the failure of the international order.” +
Mark Carney says “Canada stands with the Iranian people in their long and courageous struggle against the
regime’s oppressive rule. Which is why we support efforts to prevent Iran from obtaining a nuclear weapon and to prevent its regime from further threatening international peace
and security.” +
Carney invited Modi to visit Canada and Modi accepted, we were told. But no timeline yet on when that visit may happen. (Modi was briefly in Canada last year for the G7 summit)
(Bloomberg) — Canadian firm Cameco signed a $2.6 billion uranium supply deal with India on Monday during Prime Minister Mark Carney’s first official visit to the country.
(Bloomberg) — Canadian Prime Minister Mark Carney met Indian Prime Minister Narendra Modi in New Delhi on Monday to reset relations after years of strain, with both leaders looking to clinch deals to boost trade and supply chains.
(Bloomberg) -- Ayatollah Ali Khamenei, the Supreme Leader of Iran, is dead, Iran state TV confirms.
Statement from Canadian PM Mark Carney and Foreign Minister Anita Anand on Iran. They express support for the US “acting to prevent Iran from obtaining a nuclear weapon and to prevent its regime from further threatening international peace and security.”
(Bloomberg) -- Israel said it launched a preventative attack on Iran as explosions were reported in Tehran.
Keystone XL, the canceled pipeline through the heart of the US, may yet live on in a different form.
Read more in our Canada Daily newsletter
Had to type it out just to see what those words looked like in print
Donald Trump announces that Connor Hellebuyck, the goaltender of the Winnipeg Jets, is getting the Presidential Medal of Freedom
(Bloomberg) -- Canada’s aviation regulator certified the remaining Gulfstream private jet models that US President Donald Trump said the country had declined to approve, and warned of tariffs and other retaliatory measures.
Trump is planning national security investigations that would let him put tariffs on “batteries, cast iron and iron fittings, electrical grid equipment, telecom equipment, plastics and plastic piping, and industrial chemicals”
www.bloomberg.com/news/article...
