Another day of stock market mayhem as nations ask Trump to reconsider tariffs

1 week_ago 7
  • 1 hr ago

    Oil tankers a ‘silly proposal’

    Carolina de Ryk

    A antheral   sits successful  an office.

    Arny Nagy has been warring lipid tankers since the 1970s. (Carolina de Ryk/CBC)

    If the existent prohibition connected immoderate lipid tankers is repealed, Arnie Nagy is acceptable to fight.

    He’s a subordinate of the Haida Nation and a erstwhile fisheries national person who’s been warring lipid tankers since the 1970s, disquieted a spill could destruct a mode of beingness that's been successful his household “since clip immemorial.”

    “We’ve got to beryllium agreed arsenic Canadians, not divided connected silly proposals,” helium said, adding this is his apical predetermination contented and that Trump is being utilized arsenic a distraction to propulsion pipelines forward.

    Bill C-48, passed successful 2019, banned tankers that tin transportation much than 12,500 metric tons of lipid from the bluish extremity of Vancouver Island to the Alaska border. Ellis Ross, Conservative campaigner for Skeena-Bulkley Valley, has called for much pipelines successful B.C.

    Nagy believes the existent economical absorption for this portion should beryllium connected regrowing the commercialized salmon fishery, which utilized to employment thousands done capture, manufacture and processing and now-defunct canneries.

    NDP campaigner Taylor Bachrach says immoderate repeal connected the tanker prohibition would beryllium “really devastating” to the radical passim the riding.

    “The implications of an lipid spill successful a chaotic salmon stream oregon connected the North Coast would past for implicit a century,” helium says. “It’s not a hazard radical are consenting to take.”

  • 2 hours ago

    Big structure not large capable to enactment dry

    Karina Roman

    A antheral   stands astatine  a podium with a enactment     of radical   down  him.

    Carney makes an announcement arsenic section Liberal enactment candidates look on. (Sean Kilpatrick/The Canadian Press)

    Carney made his announcement successful Saanichton, B.C., contiguous and replied to questions from a lectern nether the extortion of a structure (journalists and camera folks, arsenic good arsenic supporters, were likewise protected nether the tent).

    But Carney's B.C. candidates were not truthful lucky. They stood a fewer steps down him (dutifully connected insubstantial markers telling them wherever to stand) and, therefore, they were exposed to the rain, which got steadily heavier and heavier.

    They were getting soaked, but Carney didn't look to notice. Those watching did notice, and run unit tried to question for the candidates to basal much intimately down Carney, retired of the rain.

    They did yet move, and yet Carney noticed. In the mediate of answering a reporter's question, helium beckoned the candidates closer, making a remark, "I cognize you are from B.C., but...."

  • 2 hours ago

    Why marketplace turmoil continues days aft Trump’s tariff announcement

    Anis Heydari

    A antheral   looks dejected arsenic  screens showing tanking stocks are seen down  him.

    A trader works connected the level astatine the New York Stock Exchange connected Monday. (Brendan McDermid/Reuters)

    I’m Anis Heydari, a elder concern newsman based successful Calgary.

    One portion of wherefore these sell-offs are happening connected the markets days aft Trump’s tariff announcements is that investors, whether large organization players oregon smaller folks, conscionable can’t look to determine what the caller commercialized world is going to be.

    ATB Financial’s main economist Mark Parsons told CBC Radio’s The Calgary Eyeopener that galore are conscionable “selling disconnected stocks until they get further notice” — arsenic in, signs that Trump mightiness negociate oregon alteration his tariff plan.

    In the lack of those signs, Parsons said investors aren’t confident.

    It shows successful the indexes halfway done Monday. Today’s bounces haven’t made up for the losses of Thursday and Friday, successful astir cases. It’s reminiscent of a opus from the aged amusement Jem and the Holograms wherever 1 vocalist says, “We’re up,” lone to beryllium interrupted by different screeching, “You’re down, commencement looking for different enactment of work.”

  • 2 hours ago

    Nisha Patel

    A motorist fills up   the vessel  of a conveyance  astatine  a gasoline pump astatine  a Costco warehouse Friday, May 31, 2024, successful  Aurora, Colo. (AP Photo/David Zalubowski)

    Average state prices are astatine their lowest since 2021, according to GasBuddy.com. (David Zalubowski/AP)

    I’m elder concern newsman Nisha Patel, taking a look astatine state prices, which person tumbled successful galore cities crossed the country.

    Prices astatine the pump are adjusting to the extremity of the national user c tax, which had amounted to 17.6 cents/litre for gasoline.

    Slumping lipid prices are besides having an impact. The nationalist mean terms for gasoline is present astir 136 cents/litre, the lowest since 2021, according to GasBuddy.com.

  • 2 hours ago

    Could a prima campaigner crook B.C.’s northbound seashore blue?

    Carolina de Ryk

    Three radical   airs  for a photo.

    Ellis Ross, right, is the Conservative campaigner for Skeena-Bulkley Valley successful B.C. (Aaron Whitfield/The Canadian Press)

    If the Conservatives are going to expanse B.C’s Interior and north, they’ll person to spell done the Skeena-Bulkley Valley riding, which has been NDP orangish since it elected its archetypal MP successful 2004.

    And now, the Conservatives person a prima campaigner successful erstwhile main of the Haisla Nation, Ellis Ross, who was instrumental successful the constitution of LNG successful the Kitimat area.

    As Haisla Nation chief, Ross was staunchly opposed to the Enbridge Northern Gateway connection to transportation lipid to the coast.

    Then came Bill C-48, passed nether erstwhile premier curate Justin Trudeau, that banned tankers that tin transportation much than 12,500 metric tons of lipid from the bluish extremity of Vancouver Island to the Alaska border.

    In 2019, Ross told a peculiar legislature committee the prohibition was based much connected governmental ideology than fact.

    And he’s been vocal connected societal media saying determination needs to beryllium much pipelines successful B.C. successful bid to diversify the system successful the commercialized war.

    The incumbent MP for the riding is the NDP’s Taylor Bachrach, who has warned that a Conservative authorities would repeal the tanker prohibition galore of his constituents spent years warring for.

  • 2 hours ago

    Carney says effectiveness of supervised depletion sites nether review

    Holly Cabrera

    A antheral   speaks from a podium outdoors.

    Carney takes questions aft making an announcement successful Saanichton, B.C., connected Monday. (Sean Kilpatrick/The Canadian Press)

    Asked contiguous whether national support for supervised depletion sites would continue, Carney said it’s nether review.

    “We are undergoing a reappraisal of the effectiveness of these,” Carney told reporters. “Again, I’m going to spell backmost to the results and whether oregon not this is the champion mechanics going forward, the champion attack going forward.”

    His reply comes 1 time aft Poilievre announced helium would forestall caller supervised depletion sites from opening and divert their backing to attraction for addiction.

    Carney said helium would sermon the substance with B.C. Premier David Eby today, since the contented requires moving straight with provinces connected treatments and amended supporting loved ones who are “dealing with the horrors of addiction.”

    Carney added that the authorities is “attacking the fentanyl situation connected aggregate levels.”

  • 3 hours ago

    Free visits to nationalist parks

    Holly Cabrera

    Carney pledges escaped visits to nationalist parks this summertime for Canadians

    Liberal Party Leader Mark Carney, speaking from Saanichton, B.C., connected Day 16 of the predetermination campaign, said if a caller Liberal authorities is elected, it would make astatine slightest 10 caller nationalist parks and marine conservation areas on with 15 caller municipality parks crossed Canada. Carney besides said helium would enactment Indigenous-led conservation projects and found a caller Arctic Indigenous Guardians programme to support the North.

    Carney said a caller Liberal authorities would marque nationalist parks and historical sites escaped for Canadians this summer.

    He said that if elected, his authorities would besides make astatine slightest 10 caller nationalist parks and marine conservation areas, on with 15 caller municipality parks crossed Canada.

    “I cognize erstwhile I was increasing up successful Edmonton, Jasper National Park, Canada’s Crown jewel successful my sentiment … was astir similar a 2nd location and it’s surely wherever I made lasting memories,” Carney said. “But creating caller parks and making each our parks much accessible volition assistance guarantee that each Canadian volition beryllium capable to acquisition the quality of our large federation conscionable arsenic I did.”

    Carney said helium would enactment Indigenous-led conservation projects and found a caller Arctic Indigenous Guardians programme to support the North.

    He besides said his authorities would re-introduce authorities to enshrine First Nations’ rights to cleanable drinking h2o and it would put $15 cardinal to modernize the location, retrieval and liable disposal of “ghost gear” that threatens marine mammals and birds.

  • 3 hours ago

    Carney says Trump’s tariffs purpose to ‘break’ Canada

    Holly Cabrera

    Line graphs amusement   the S&P/TSX composite, S&P 500, DJI and Nasdaq each  going sharply down.

    Stock markets are continuing to driblet Monday morning. (Investing.com, CBC)

    Carney said contiguous that the driblet successful the fiscal markets is simply a ”direct effect of President Trump’s unjustified tariffs.”

    “The satellite woke up to immoderate beauteous melodramatic moves,” Carney said. “Those measures are going to deed a batch of people’s savings, including their status savings. As overmuch arsenic this is unfortunate, it was not unforeseen.”

    He noted that Canada had warned Trump of the risks to the banal markets.

    “President Trump’s unjustified tariffs travel with threats to our sovereignty that person 1 extremity down them: to weaken Canada to interruption america truthful that America tin ain us,” Carney said.

  • 3 hours ago

    Harper to present Poilievre astatine Edmonton rally tonight

    Michael Woods

    Former premier  curate  Stephen Harper delivers the keynote code  astatine  a conference, Wednesday, March 22, 2023 successful  Ottawa.  THE CANADIAN PRESS/Adrian Wyld

    Former premier curate Stephen Harper. (Adrian Wyld/The Canadian Press)

    My workfellow Kate McKenna has confirmed that erstwhile premier curate Stephen Harper volition present the Conservative person astatine a rally successful Edmonton tonight.

    Harper endorsed Poilievre successful the party’s 2022 enactment race. Poilievre served successful Harper’s furniture arsenic curate of antiauthoritarian betterment and past curate of employment and societal development.

    Poilievre has been drafting thousands of radical to his rallies during this campaign. Party officials accidental the rally contiguous is expected to beryllium his largest yet.

    Harper was premier curate from 2006 to 2015.

  • 3 hours ago

    Poilievre sees way successful pipelines

    Carolina de Ryk

    A pipeline tract  is shown from a bird's oculus  view.

    The terminus of the Coastal GasLink pipeline, shown erstwhile it was nether operation successful Kitimat, B.C., successful 2022. (Darryl Dyck/The Canadian Press)

    Good morning, I’m Carolina de Ryk, the big of CBC’s Daybreak North successful Prince Rupert.

    Poilievre is successful northwest B.C this greeting to outline what helium calls his “one-stop shop” program to velocity up approvals for earthy assets projects, limiting hold times for approvals to 1 year.

    This is important to a portion wherever there’s a batch of anticipation and interest regarding the enlargement of LNG projects and the imaginable of bringing lipid to the coast.

    Last week, the Conservative person was successful Newfoundland, wherever helium outlined a bid of measures to boost the assets assemblage successful Canada, including repealing the lipid tanker prohibition connected B.C.'s northbound coast.

    He has besides talked astir unleashing the powerfulness of the assets manufacture astatine anterior run stops successful B.C. by pledging to rapidly physique pipelines, on with dozens of LNG plants successful the province.

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