• Canada finding 'solutions' on EU carbon tariff threat: Carney

  Source: CBC Politics
  Date: 2026-10-30 21:41:25.0
  Tags: [National, Trade, Economy, Environment, Climate, Industry]

  Prime Minister Mark Carney announced progress at the Canada-EU summit in Montreal regarding the European Union's pending carbon border adjustment mechanism (CBAM), which threatens an estimated $2.8 billion in annual Canadian energy-intensive exports like iron ore, steel, aluminum, and cement. Canada's ambassador-designate to the EU, Jonathan Wilkinson, confirmed that diplomatic negotiations are advancing toward having the European Union officially recognize Canada's national and industrial carbon pricing systems. Full implementation of the EU tariff is scheduled for 2034, with compliance reporting requirements slated to take effect by September or October 2027.

  Read Original

• Carney, Ford to announce funding for clean auto investments: source

  Source: CBC Politics
  Date: 2026-10-21 13:59:35.0
  Tags: [National, Ontario, Economy, Trade, Industry, Environment]

  Prime Minister Mark Carney and Ontario Premier Doug Ford are scheduled to unveil a joint support package on Parliament Hill to assist Canadian auto companies making clean investments. The announcement comes in response to ongoing U.S.-Canada trade tensions—including U.S. tariff threats of up to 50 percent on cars, trucks, auto parts, and steel taking effect January 1, 2027—and addresses Canada's greenhouse gas standards following the U.S. Trump administration's rollback of federal fuel economy standards. Federal industry and finance ministers are expected to join the premier and prime minister for the announcement.

  Read Original