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Descrease article font size Increase article font size The federal government is giving $500 million in loan guarantees to softwood lumber industry and placing limits on imported foreign steel as the two sectors reel under tariffs from U.S. President Donald Trump’s tariffs, Prime Minister Mark Carney said Wednesday. Ottawa is cutting back on steel imports from countries that do not have a free trade agreement with Canada from 50 per cent to 20 per cent of last year’s levels.“This will open up more than $850 million in new domestic demand for Canadian steel,” Carney said. Get breaking National news For news impacting Canada and around the world, sign up for breaking news alerts delivered directly to you when ...

The prosecutor who recently took over the Georgia election interference case against President Donald Trump and others said in a court filing Wednesday that he has decided not to pursue the case further. Pete Skandalakis, the executive director of the Prosecuting Attorneys’ Council of Georgia, took over the case last month from Fulton County District Attorney Fani Willis, who was removed over an “appearance of impropriety” created by a romantic relationship with the special prosecutor she chose to lead the case.After Skandalakis’ filing, Fulton County Superior Court Judge Scott McAfee issued a one-paragraph order dismissing the case in its entirety.It was unlikely that legal action against Trump could have moved forward while he is president. But 14 other defendants still faced charges, in...

Canadians understand that energy security, economic security and national security are linked, Finance Minister François-Philippe Champagne said Wednesday when asked about Ottawa’s proposed energy agreement with Alberta. “Canada can be an energy superpower, both in conventional and clean energy. But I would let the major project office do its work. That’s why they’re there. There’s well-established process,” Champagne said, referring to the new federal entity overseeing major infrastructure projects.“I think that Canadians understand better now than ever the nexus between energy security, economic security, national security. I think we can do that as a nation in consultation, respecting jurisdiction, and at the same time looking at what’s in the best interest of Canada,” he said.When aske...

Descrease article font size Increase article font size Prime Minister Mark Carney said Tuesday his recent reply to a question about the state of trade talks with the U.S. — “Who cares?” — amounted to “a poor choice of words.” Conservative Leader Pierre Poilievre hammered the prime minister over his comment during question period in the House of Commons Tuesday.“Before the election he promised ‘elbows up.’ After, it was, ‘Who cares?’ Before the election, he said the tariffs were an ‘existential crisis.’ Now he says they’re not a burning issue,” Poilievre said.“Why is the prime minister before the election so much different than the one after?”Carney walked back the comments he made over the weekend in response.“On the night of the election … I ...