A roundup of stories from The Canadian Press brings you up to speed on current events, including the United States' decision not to renew its trade deal with Canada and Mexico, Canada Day celebrations disrupted by thunderstorms, a heat wave gripping Ontario and Quebec, and maritime shipping costs soaring to four-year highs.
A roundup of stories from The Canadian Press brings you up to speed on current events. The United States has decided not to renew its trade deal with Canada and Mexico in its current form.
This decision comes after U.S. President Donald Trump expressed his reluctance to renew the deal, while Canada and Mexico showed interest. However, analysts believe that the decision may not cause much panic on the Canadian side, as long as there is dialogue between the two countries. Carlo Dade from the University of Calgary suggests that some within the Trump administration still value the trade deal, and that the president may be negotiating in public to gain leverage.
In other news, Canada Day celebrations in Ottawa were disrupted by thunderstorms, forcing the cancellation of some official events. Prime Minister Mark Carney delivered a Canada Day speech to a gathering of thousands at LeBreton Flats Park, but his plan to travel to Edmonton to deliver another speech was nixed due to the Ottawa storm.
The heat wave that has been gripping Ontario this week has shown no signs of letting up and has spread further east, with Environment Canada issuing heat warnings for most of Ontario and Quebec. The hot and humid conditions are expected to linger into the weekend, and have even cancelled FIFA World Cup watch parties at Nathan Phillips Square in Toronto.
Portugal is set to meet Croatia in a Round of 32 match at the FIFA men's World Cup at Toronto Stadium, with the winner advancing to face either Spain or Austria. The match is expected to be a tense affair, with extreme weather conditions playing a factor, as a heat warning is in place for downtown Toronto.
Meanwhile, maritime shipping costs are soaring to four-year highs due to tariff uncertainty and the Iran war, with potential repercussions for consumers. Industry specialists say that retailers and wholesalers are rushing to book shipments to get ahead of a potential fresh round of U.S. tariffs, pushing transport prices up. Elevated fuel prices and reduced availability of vessels and crew also play a role in the higher costs.
As a result, customers can expect to pay more at the checkout counter for goods ordered earlier than usual
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