Overview
- Prime Minister Mark Carney said Ottawa will only accept a U.S. trade pact that preserves Canadian interests, downplaying the Aug. 1 deadline and vowing not to agree at any cost.
- Trade Minister Dominic LeBlanc is in Washington this week to press Canada’s demands and keep negotiations alive despite uncertain prospects of an agreement before the tariff deadline.
- Ontario, Alberta and Saskatchewan premiers signed a memorandum of understanding to use Ontario steel for new pipelines and develop rail corridors to ship critical minerals as a hedge against U.S. levies.
- Provincial leaders remain split on countermeasures, with Ontario Premier Doug Ford favoring reciprocal tariffs and onshoring production while British Columbia’s David Eby questioned the feasibility of new pipeline projects.
- Ottawa is working to fold long-standing softwood lumber disputes into broader trade talks and plans to fast-track major projects through a new cabinet office by Labour Day.